Business Scoop

Archive for September, 2010

0.9% Over 7 Years Not Good Enough – 30 September

Press Release – Manufacturers and Exporters Association

There is a lack of ambition in the tax package that comes into effect tomorrow say the New Zealand Manufacturers and Exporters Association (NZMEA). The additional 0.9 percent growth improvement over seven years projected by Treasury is pitiful considering … Read more »

NZ business confidence falls to 15-month

Article – BusinessDesk

Sept. 30 (BusinessDesk) – New Zealand business confidence extended its downward spiral to a 15-month low as firms hunker down for a slow and tepid recovery, according to the National Bank Business Outlook, out today. Read more »

Lion Nathan buys back Auckland redevelopment site

Article – BusinessDesk

Sept. 30 (BusinessDesk) – Brewing company Lion Nathan Pty has bought back the site of its former Newmarket, Auckland, brewery after the AMP Capital Investors investment fund that took full control failed to secure capital funding for redevelopment. Read more »

Government officially failing youth unemployment

Press Release – New Zealand Labour Party

A report card created by the New Zealand Institute’s NZahead project confirms that New Zealand is falling behind the rest of the OECD in addressing youth unemployment, with the Government receiving a ‘C’ on their measures to address this issue, … Read more »

New Roading Contract Awarded

Press Release – Waimakariri Council

Sicon Limited has again been successful in being awarded the Council’s contract for maintaining the district’s roading network. Sicon is a local company based in Darfield, with a well-established depot in Rangiora. Read more »

Pike River Concludes Working Capital With NZOG

Press Release – Pike River Coal

Pike River Coal announces that it has concluded negotiations for an unsecured loan facility of up to $25million with its largest shareholder New Zealand Oil & Gas (NZOG) to provide short-term working capital for the company. Read more »

Commonwealth members enjoy trade advantage

Press Release – Royal Commonwealth Society

New research published today by the Royal Commonwealth Society shows that a Commonwealth country’s trade with another member is likely to be a third to a half more than with a non-member, even after taking into account other possible contributory factors … Read more »

First electric vehicles for use in NZ welcomed

Press Release – Energy Efficiency and Conservation Authority

The Energy Efficiency and Conservation Authority (EECA) today welcomed the launch of a trial in Wellington of four full electric vehicles. Read more »

Ballance ready to help shareholders

Press Release – Ballance Agri-Nutrients

Ballance Agri-Nutrients is in great shape to help its farmer shareholders get through a difficult spring season, its Chairman David Graham told shareholders at the co-operative’s Annual Meeting in Hamilton (29 September). Read more »

GMT Distribution and Portfolio Update

Press Release – Goodman NZ

Further to the announcement of 2 September, Goodman (NZ) Limited, the Manager of GMT, is pleased to advise the first quarter distribution, for the period ended 30 June 2010, will be paid to Unitholders today. Read more »

Goodman Fielder mulls $250 mln bond

Article – BusinessDesk

Sept. 30 (BusinessDesk) – Goodman Fielder Ltd., the dual-listed food ingredients manufacturer, is looking to raise as much as $250 million in a new NZX-listed bond to repay bank debt. Read more »

Green Mitre 10 To Deliver Huge Energy Savings

Press Release – Mitre 10

One of New Zealand’s largest and most efficient retail stores opens in Auckland tomorrow (Friday 1 October), with the launch of a massive “green” Mitre 10 Mega. Read more »

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