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Archive for May, 2010

Irongate warns on $80 mln debt coming due by July 2011

(BusinessWire) – Irongate Property Ltd., the property investor managed by the St Laurence group, said the uncertain economy could compromise its asset sales programme and affect its ability to repay $80 million of NZDX-listed bonds that are due over the next 13 months, with $30 million repayable in six weeks time weeks time, on July 15. Read more »

Boscawen Urges Investigation Into Power Prices

Press Release – ACT New Zealand

ACT NZ Climate Change Spokesman John Boscawen today called on Parliament’s Commerce Select Committee to conduct an urgent inquiry into the price increases recently announced by Mercury Energy and Contact Energy as a result of the Emissions Trading Scheme. Read more »

MARKET CLOSE: NZ shares pare monthly fall; TEL up

Article – Businesswire

May 31 (BusinessWire) – New Zealand shares rose, paring the NZX 50 Index’s monthly slide to 6.8%, amid perceptions stocks may offer relatively better value after the sell-off. Fletcher Building Ltd. and Telecom Corp. paced the gains. Read more »

“Leave us something to live on”

Press Release – Voice For Fair Rents

Waitakere City Council tenants will hold a protest rally at 9am on Thursday 10th June ahead of the Council’s Finance and Operational Performance committee meeting at 9.30am. Read more »

“Leave us something to live on”

Press Release – Voice For Fair Rents

Waitakere City Council tenants will hold a protest rally at 9am on Thursday 10th June ahead of the Council’s Finance and Operational Performance committee meeting at 9.30am. Read more »

Treasury Urges Liberalisation Of Investment Act

Press Release – CAFCA

The fact that Treasury Secretary John Whitehead supports yet more liberalisation of the 2005 Overseas Investment Act is hardly surprising.It’s been more than a year now since Bill English announced that the Act was being reviewed. Read more »

Direct Property Fund Maintains Value Of Portfolio

Press Release – Direct Property Fund

Direct Property Fund (DPF) has maintained the value of its portfolio due to its acquisition strategy and added value transactions within its existing portfolio through 2009. Read more »

Morningstar puts ‘avoid’ rating on 2 Brook funds

Article – Businesswire

May 31 (BusinessWire) – Morningstar put an ‘avoid’ rating on two Brook Asset Management funds after one of the firm’s founders lured away fund managers to his new investment vehicle. Read more »

Two year settlement for Police pay round

Press Release – New Zealand Police

Police have negotiated a two year pay round settlement with the Police Association. Read more »

More State sector chief execs’ pay to be public

Press Release – New Zealand Government

More State sector chief executives will have their salaries publicly disclosed in the next State Services Commission annual report in October. Read more »

Grass-fed beef a hit at Seoul food exhibition

Press Release – Meat And Wool New Zealand

New Zealand grass-fed beef was tasted by hundreds of Korean people who attended Seoul Food, the largest food and beverage trade show in South Korea, earlier this month. Read more »

Major HR stuff-up due to rushed Super City process

Press Release – Green Party

A major error by the Auckland Transition Agency has left hundreds of skilled council staff unable to apply for positions in the new Auckland Council the Green Party said today. Read more »

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