Archive for August, 2010

Air New Zealand Further Boosts Regional Capacity

Press Release – Air New Zealand

Air New Zealand is continuing to add significant capacity into its domestic operations, with more than 9,500 additional seats per week available across its regional network and main jet routes. Read more »

SCF process will take up to five years: English

Article – Businesswire

Aug. 31 (BusinessDesk) –The government expects to spend up to five years getting as much of its money back as possible from the bail-out of failed financier South Canterbury Finance Ltd., Finance Minister Bill English said today. Read more »

Keep South Canterbury in perspective: NZIER

Article – Businesswire

Aug. 31 (BusinessDesk) – The biggest danger from the South Canterbury Finance receivership is overblowing its importance to the wider economy, sparking an unnecessary impact on consumer and business confidence, says the New Zealand Institute of Economic Research’s … Read more »

Public Trust assigned first time issuer rating

Press Release – Public Trust

Public Trust today announced that it has received a first time long-term issuer rating of Aa3 with a stable outlook from Moody’s Investors Service Pty Ltd (Moody’s). Read more »

UPDATED: NZ home building consents slip in July

Article – Businesswire

Aug. 31 (BusinessDesk) – New Zealand’s residential property sector has slipped in July after edging into positive figures in the previous month, while commercial property development continued its precipitous decline. Read more »

Orcon now selling iPads

Press Release – Orcon Internet

Orcon is the first telco in New Zealand to sell the innovative iPad tablet computer. Read more »

Nzsale Secures Funding to Accelerate Growth

Press Release – Nzsale

Nzsale, a private online shopping club in New Zealand, today announced a $14.5 million investment led by Insight Venture Partners. The funds will be used to accelerate growth in core markets of New Zealand and Australia as well as Singapore and adjacent … Read more »

Waikato drought hits MightyRiver earnings

Article – Businesswire

Aug. 31 (BusinessDesk) – State-owned electricity generator and retailer MightyRiverPower Ltd. reported substantially reduced earnings in the year to June 30, with underlying earnings falling 34% to $139.6 million, compared with a record $211.7 million last … Read more »

ANZ National boss steps down for cancer treatment

Article – Businesswire

August 31 (BusinessDesk) – The ANZ National Bank chief executive Jenny Fagg is to step down immediately from the role to undergo cancer treatment. Read more »

SCF receivership triggers $1.6B Crown payment

Article – Businesswire

Aug. 31 (BusinessDesk) – South Canterbury Finance Ltd., New Zealand’s second-biggest finance company, was put in receivership after failing to find new capital, triggering a $1.6 billion payment under the government guarantee. Read more »

Retailers still to decide how to handle GST rate

Press Release – Staples Rodway

A retail sector survey by leading mid-tier accountancy firm Staples Rodway has discovered that while most retailers intend to increase prices, there are still plenty yet to decide how they will handle the increase from 12.5 per cent to 15 per cent, which … Read more »

Leading Law Firm Welcomes New Talent

Press Release – Simpson Grierson

Simpson Grierson’s local government & environment group in Wellington is delighted to announce the arrival of senior associate Kathryn McLean. Kathryn comes from the public law team of another large national law firm. She is experienced in advising … Read more »

Sustainability divide emerges in wake of recession

Press Release – University of Waikato

The economic downturn has created a growing sustainability divide, separating New Zealand businesses which “get” sustainability from those which see it as “nice to do”. That’s the key finding from a new survey on business sustainability practices … Read more »

Older imports top the list of stolen cars

Press Release – AA Insurance

AA Insurance today revealed the ten cars stolen most frequently in New Zealand, based on theft claims received over the last four years. Car models where all or most of the vehicles are imported second-hand make up the majority of those on the … Read more »

SCF asks for recievership

Press Release – South Canterbury Finance

South Canterbury Finance Limited announced today that it has been unable to complete a recapitalisation and restructure. As a result, the Company would have been unable to certify to Trustees Executors Limited, in accordance with the terms of its debenture … Read more »

South Canterbury Finance calls in receiver

Article – Businesswire

Aug. 31 (BusinessDesk) – South Canterbury Finance Ltd. has asked its trustee to appoint a receiver after failing to pull together a rescue deal. Read more »

Up to $50m available for new venture capital funds

Press Release – NZ Venture Investment Fund

The New Zealand Venture Investment Fund has up to $50 million available for establishing new venture capital funds which will invest into innovative young New Zealand companies. Read more »

Genesis Research narrows loss, UBNZ eyes stake

Article – Businesswire

Aug. 31 (BusinessDesk) – Genesis Research and Development Corp., which was forced to halt its New Zealand operation last year after running out of cash, narrowed its loss, and may get another cash injection from new cornerstone investor, May Wang. Read more »

Stocks to watch: ALF, GEN, MGL, PPL, PGC, SVY, SKC

Article – Businesswire

Aug. 31 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. Read more »

Stronger recovery still two years away, says NZIER

Article – Businesswire

Aug. 31 (BusinessDesk) – The New Zealand economy will get weaker over election year, 2011, before bouncing back to annual growth near 3% in 2012, says the New Zealand Institute of Economic Research in its latest quarterly predictions, released this … Read more »

« Previous PageNext Page »