Business Scoop

Archive for March, 2011

MARKET CLOSE: NZ stocks rise; Wrightson paces gainers

Article – BusinessDesk

March 31 (BusinessDesk) – New Zealand stocks rose, extending their rally for a 12th day, as upbeat sentiment on global equity markets made up for signs of deteriorating business confidence at home. PGG Wrightson Ltd. paced gainers after Agria extended … Read more »

Looking Ahead: Science Education for the 21st Century

Press Release – Prime Ministers Science Advisory Committee

The report ‘Looking Ahead: Science Education for the Twenty-First Century’ will be launched at 4pm on Tuesday 5 April at the Liggins Institute in Auckland. Read more »

Announces Full Year Property Portfolio Valuation

Press Release – Kiwi Income Property Trust

Kiwi Income Property Trust today announced a 4.0% reduction (approximately $82 million) in the value of its portfolio of prime office and retail assets for the financial year ended 31 March 2011. The valuations were determined by independent valuers, … Read more »

First ever funniest farming video competition underway

Press Release – Federated Farmers

To celebrate the lighter aspects of farming life, Federated Farmers is putting up a brand new iPad 2 for the winner of its first ever funniest farming video competition. Read more »

Quake deals Kiwi Income Property a $52.1 mln hit

Article – BusinessDesk

by Pattrick Smellie March 31 (BusinessDesk) – Kiwi Income Property Trust, the country’s biggest listed property entity, has taken a $52.1 million hit on the Christchurch earthquake as it writes down the value of its property portfolio by 4%. Read more »

Wool Market Realigns According to Currency Movement

Press Release – Wool Services International

New Zealand Wool Services International Ltd reports that wool prices realigned under the influence of a strengthening United States dollar at today’s sale of North and South Island wool. Read more »

Watermain Burst in Wadestown, Wellington; Traffic Delays

Press Release – Wellington City Council

Water supply to parts of Wadestown in Wellington is currently off following a water main burst in Lennel Road – one of the main routes through the suburb. Traffic is down to one lane at the intersection of Lennel Rd, Sefton St and Oban St. Read more »

Agria extends Wrightson tilt again amid slow uptake

Article – BusinessDesk

by Paul McBeth and Jason Krupp March 31 (BusinessDesk) – Agria (Singapore) Pte. has extended its bid to take a controlling stake in rural services firm PGG Wrightson Ltd. for another week as it struggles to win over shareholders. Read more »

D-Day for Financial Advisers

Press Release – Securities Commission

From 1 April, all financial advisers, or the companies they work for, have to be registered on the online Financial Service Providers Register. Advisers who should be on the register, but aren’t risk hefty penalties. Read more »

Work is less fair from tomorrow

Press Release – New Zealand Nurses Organisation

New laws that allow employers to sack any worker in their first 90 days in a job, without any reason and without the right of appeal, and limit union access to worksites come into force tomorrow. The New Zealand Nurses Organisation (NZNO) and Service … Read more »

Bank information more accessible

Press Release – Bank of New Zealand

Revised disclosure requirements for banks coming into effect today will make information more accessible for investors, depositors and analysts, Reserve Bank Deputy Governor Grant Spencer said. Read more »

Chery, why would you pick anything else?

Press Release – Chery Auto

Chery Automotive is about to make a much anticipated launch onto the New Zealand vehicle market with its J11 SUV and J1 hatchback. The J11 is a stylish 2.0 litre compact 2WD SUV available with either manual or automatic transmission. Its features … Read more »

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