Business Scoop

Archive for March, 2010

Kerr boosts support for ailing South Canterbury

Article – Businesswire

March 31 (BusinessWire) – George Kerr, a cornerstone investor in Pyne Gould Corp., has boosted his support for the ailing South Canterbury Finance, subscribing to some $22 million worth of secured convertible notes in Allan Hubbard’s Southbury Corp. Read more »

90 day trial periods about to become even more of

Press Release – New Zealand Labour Party

90 day trial periods about to become even more of a minefield Labour’s associate spokesperson for Labour Darien Fenton says that 90-day trial periods for employees will get messier as the Government moves to force beneficiaries into jobs. Read more »

Contract for the Caversham Highway Improvements

Press Release – New Zealand Transport Agency

The New Zealand Transport Agency (NZTA) has awarded a contract to Downer EDI Works to design and construct the Caversham Highway Improvement project in Dunedin. Read more »

Plunge in Aussie retail sales to sideline RBA

Press Release – JP Morgan

The last domestic economic releases ahead of the RBA’s April Board meeting today offered material surprises that support our central view that the next 25bp rate hike will be delayed until May. The retail numbers shocked on the downside, as did … Read more »

MARKET CLOSE: NZX 50 rises; NZX, CEN gain

Article – Businesswire

March 31 (BusinessWire) – New Zealand’s benchmark NZX 50 Index rose on the final day of a quarter where it made no gains. Stocks exchange operator NZX Ltd. led gainers after predicting a strong year for listings and a pickup in terminal sales. Read more »

Home grown television numbers still strong

Press Release – NZ On Air

NZ On Air, which invests in a diverse range of New Zealand broadcast content, has just released its annual Local Content Report measuring the amount of local programming on free to air television. Read more »

Sky City rating outlook raised to ‘positive’: S&P

Article – Businesswire

March 31 (BusinessWire) – Sky City Entertainment Group Ltd., New Zealand’s biggest casino company, had the outlook on its BBB- credit rating raised to ‘positive’ from ‘stable’ by Standard & Poor’s, reflecting its more conservative approach … Read more »

Advertising Revenue to Fund Taxi Security Cameras

Press Release – Show Off Onboard Entertainment And Security

An affordable on-board security camera system is now available to all New Zealand taxi drivers thanks to one Tauranga company who has already helped police nab a violent offender. Read more »

SFWU Welcomes Breakthrough Settlement in Health

Press Release – Service And Food Workers Union

Nearly 1500 Service and Food Workers Union (SFWU) members will receive a 2% pay increase from tomorrow thanks to the breakthrough negotiations between the three biggest unions in the public health sector. Read more »

Unions reach pay settlement with DHBs

Press Release – New Zealand Nurses Organisation

The New Zealand Nurses Organisation (NZNO) is pleased to announce that its members have reached an agreement with District Health Boards (DHBs) for a National Terms of Settlement (NToS). Read more »

NZ and China sign dairy cooperation arrangement

Press Release – New Zealand Government

Agriculture Minister David Carter has signed a dairy cooperation arrangement with China’s Agriculture Minister Han Changfu. Read more »

NZ business confidence worsened in March

Press Release – JP Morgan

The headline reading on the NBNZ business confidence survey retreated in March as we had expected, falling to a net balance of 42.5 (J.P. Morgan: 45) from a net balance of 50.1 in February, which had marked the highest reading in over a decade. The headline … Read more »

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