Archive for August, 2010

NZ stocks edge lower after SCF failure, PGW down

Article – Businesswire

NZ stocks fall as government pays out for SCF; Wrightson, NZ Oil & Gas, Nuplex lead declines Read more »

NZ rating not immediately affected by SCF: S&P

Article – Businesswire

Aug. 31 (BusinessDesk) – New Zealand’s credit ratings aren’t immediately affected by South Canterbury Finance Ltd.’s $1.6 billion call on the retail guarantee after falling into receivership, Standard & Poor’s says. Read more »

South Canterbury Finance

Press Release – Federated Farmers

Federated Farmers appreciates the Government’s innovative approach to the receivership of South Canterbury Finance (SCF) and is seeking clarity from the receivers in respect of revolving credit facilities. Read more »

HBS to merge with SBS Bank

Press Release – Hastings Building Society

Hastings Building Society members voted overwhelmingly in favour of a proposal to merge with SBS Bank at a Special Meeting held today (NB:Tuesday 31 August). Read more »

Government Slashes Red Tape for Grocery Sector

Press Release – Food and Grocery Council

The New Zealand Food & Grocery Council (FGC) congratulates the Environmental Risk Management Authority (ERMA) and the Government on the decision to change packaging and labelling rules for laundry powder and cleaning products, says Chief Executive … Read more »

SpeechSchool wins Technium Challenge

Press Release – SpeechSchoolTV

SpeechSchool.TV , based at the Massey University ecentre , has recently been named the country winner for New Zealand in the Technium Challenge International. Read more »

Chocolate Shop Owners Practising for World Record

Press Release – Bullrush Chocolates

Nervous Ashburton chocolatiers Bex Carr and Nadine Porter of BULLRUSH Chocolates are frantically preparing for the biggest day of their lives when they attempt to break a Guinness World Record for the longest chocolate bar ever. Read more »

Government failing young Kiwis

Press Release – New Zealand Council of Trade Unions

The New Zealand youth union movement, Stand Up, is calling on the Government to reinstate funding for the recently axed youth unemployment initiative, Community Max, to assist young New Zealanders who are currently out of work and education. Read more »

Newmarket viaduct closure misrepresented

Press Release – Newmarket Business Association

The New Zealand Transport Agency’s mass-marketing campaign that SH1 southbound over the Newmarket Viaduct will be closed from “4-5” September is misrepresentative, causing confusion, and will cost business, says the head of the Newmarket Business … Read more »

Finalists in New Zealand’s premier building awards

Press Release – Master Builders House of the Year

National finalists have been announced in the Registered Master Builders 2010 House of the Year and RMB Commercial Project Awards, in association with PlaceMakers. Read more »

New Appointments

Press Release – Grant Thornton

Paul Kane, Partner of Grant Thornton New Zealand Ltd’s Privately Held Business division is delighted to accept a position on the Board of Trustees for the Not-for-Profit organisation YOU Men’s health Trust New Zealand (MHTNZ). Read more »

DB Breweries Judged New Zealand’s Best Brewery

Press Release – DB Breweries Limited

DB Breweries has been crowned 2010 New Zealand Champion Brewery at the BrewNZ Awards in Wellington. Read more »

Less pain, but also less gain for Australasia

Article – Businesswire

August 31 (BusinessDesk) – Australasian investors have experienced less pain during the global financial crisis compared to their international counterparts, but can expect less gain as markets recover according to Russell Investments’ chief investment … Read more »

Scales Corp. unaffected by SCF receivership

Article – Businesswire

Aug. 31 (BusinessDesk) – South Canterbury Finance-controlled industrial group and apple grower, Scales Corporation Ltd, today reported a $10.1 million pre-tax operating surplus for the year to June 30, and a reassurance that it is unaffected by its majority … Read more »


Article – Businesswire

Aug. 31 (BusinessDesk) – OK, everybody take a deep breath. Underneath all the fog of commentary and arm-waving, a fairly simple thing has happened to South Canterbury Finance today. Read more »

Conference organiser challenges critics

Press Release – NZ Soil Carbon Conference

An article questioning the involvement of MAF and Agmardt at the upcoming Soil Carbon Conference at Te Papa is being described as “archaic.” Read more »

Scales Not Part Of SCF Receivership

Press Release – Scales Corporation Ltd

Scales Corporation Limited is not part of the receivership of South Canterbury Finance Limited. Scales Corporation operates autonomously from the activities of its majority shareholder, South Canterbury Finance, and its day to day operations will not be … Read more »

Federated Farmers floats Manawatu People’s Accord

Press Release – Federated Farmers

Following consultation with members of Federated Farmers, the Federation has drafted the ‘Manawatu River People’s Accord’, intended to complement the recently signed ‘Leaders’ Accord’. Read more »

TechnologyOne creates senior financial role

Press Release – TechnologyOne

31 August 2010 – TechnologyOne, a leading enterprise software solutions provider, has appointed Jennifer Johnson as its new Solutions Manager for the financial and managed services markets. Read more »

Ballance scholarships support ag industry future

Press Release – Ballance Agri-Nutrients

Students considering their career path could have their study to become part of one of the nation’s most secure industries supported as Ballance Agri-Nutrients offers up to four more scholarships valued at $4,000 a year to immediate family members … Read more »

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