Archive for February, 2010

Local Firm Wins Multi-Million Mall Contract

Press Release – Marra Construction

Having contested a multi-million dollar bid for the construction portion of Bayfair Shopping Centre’s $15 million expansion, Tauranga’s Marra Construction has been appointed to the project. Read more »

Smallest balance of trade gap since 2002

Article – Businesswire

Feb. 26 (BusinessWire) – New Zealand recorded its smallest annual trade deficit since July 2002 in January, reflecting weaker-than-expected imports outpacing a decline in exports. Read more »

South Canterbury Finance repays USPP early

Press Release – South Canterbury Finance

South Canterbury Finance Limited is completing ahead of schedule repayment in full to noteholders under the modified terms of the United States Private Placement facility. Read more »

Vector 1H profit rises 11.6% on lower debt costs

Article – Businesswire

Feb. 26 (BusinessWire) – Vector Ltd., New Zealand’s biggest gas and electricity distributor, posted an 11.6% gain in first-half profit to $101.3 million as the company reduced debt, lowered expenses and its network revenues showed resilience to recessionary … Read more »

Cabinet makes key decisions on finance sector laws

Press Release – New Zealand Government

Cabinet has this week made key decisions about the implementation of the Financial Advisers Act and the Financial Service Providers Act which were both passed into law in 2008. Read more »

New Cafes Join Manukau East Shopping Shuttle

Press Release – Botany Town Centre

Nine Botany Town Centre retailers will be warming their coffee cups to dish out complimentary coffee, tea and hot chocolate when the Manukau East Shopping Shuttle returns for a fourth year in February. Read more »

Gin-clear stream water, brown trout, a great farm

Press Release – Bayley’s Real Estate

A fantastic farming opportunity has presented itself in the sought after, close-knit rural community of Matawai. Halfway between Gisborne and Opotiki – Matawai is like a snapshot of New Zealand at its best with beautiful clear streams and native bush … Read more »

Wine lake sinks Delegat’s shares, write-downs loom

Article – Businesswire

Feb. 26 (BusinessWire) – Delegat’s Group Ltd., which makes the Cloudy Bay brand wines, is forecasting a 30%-to-40% cut in full-year earnings as it prepares to write down the value of vineyards and their “biological assets” as wine industry oversupply … Read more »

Digital Productions launch video marketing service

Press Release – Digital Productions

Digital Productions launches its video production service, specifically tailored for online video marketing, to advertising agencies and their clients. Read more »

NZ trade surplus widened off weaker imports

Press Release – JP Morgan

New Zealand’s trade surplus surprisingly widened in January, printing at NZ$269 million (J.P. Morgan and consensus -NZ$100 million) from NZ$2 million in the previous month. The improvement in the trade balance was driven by substantially weaker imports. Read more »

Forest Fires Put Carbon Credits At Risk

Press Release – Carbon News

A forest fire burning near Dunedin is highlighting the risk of natural disasters to carbon which run into millions of dollars, Carbon News reports this morning. Read more »

Cubicle farming goes to court

Press Release – Environmental Defence Society

EDS will next week file proceedings in the High Court at Timaru challenging the resource consents for 3 cubicle dairy farm proposals in the Mackenzie Country. Read more »

Party Central will happen on Queens Wharf

Press Release – New Zealand Government

Rugby World Cup Minister Murray McCully says the Government and the Auckland Regional Council are “fully committed to delivering Party Central at Queens Wharf in Auckland for next year’s Rugby World Cup”, but have decided to delay the construction of … Read more »

NZPost Group Records $42.5m Half-Year Profit

Press Release – New Zealand Post

New Zealand Post Group has recorded a net profit after tax of $42.5 million in a difficult half year ended 31 December 2009. Read more »

NZ building consents fall for a second month

Article – Businesswire

Feb. 26 (BusinessWire) – New Zealand home building consents fell for a second month in January, suggesting the nation’s economic recovery is still fragile as property owners fret about tax changes and the potential for higher interest rates. Read more »

Small half year loss for Solid Energy

Press Release – Solid Energy NZ

Read more »

Guide for disclosure of credit ratings

Press Release – Securities Commission

The Securities Commission today issued interim guidance for non-bank deposit takers (NBDTs) on disclosure of credit ratings. Mandatory credit rating requirements for NBDTs come into effect on 1 March. Read more »

New website launches offering unique daily deals

Press Release – Dailydo.co

Dailydo.co.nz is the first and only service based deal a day website in New Zealand. The concept is based on an extremely successful American model. Dailydo will prove popular with Aucklanders with its promise of huge savings on things to do in and … Read more »

Small rise in consents for new homes

Press Release – Statistics New Zealand

The number of new housing units authorised (excluding apartments) rose 0.7 percent in January 2010 when adjusted for seasonal effects, Statistics New Zealand said today. This small rise follows a 3.9 percent decrease in December 2009. When the volatile … Read more »

January trade surplus

Press Release – Statistics New Zealand

The merchandise trade balance for January 2010 was a surplus of $269 million, Statistics New Zealand said today. Read more »

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