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Archive for May, 2011

MARKET CLOSE: PGC leads NZX higher

Article – BusinessDesk

May 31 (BusinessDesk) – New Zealand stocks fell for the first time in three sessions, with Pyne Gould Corp leading gainers after distributing its stake in Building Society Holdings among shareholders. APN News & Media Ltd. led decliners. Read more »

UPDATED: Heitiki to rebrand controversial infant formula

Article – BusinessDesk

UPDATED: Heitiki to rebrand controversial infant formula (BusinessDesk) – The Chinese infant milk formula company behind the Heitiki brand is to rebrand to remove any reference to Maori culture, saying it intended no offece. Read more »

Implementation Plan Missing for Auckland

Press Release – Property Council Of New Zealand

Auckland’s chronic lack of available business zoned land hampers its attractiveness as a competitive investment destination, according to Property Council New Zealand. Read more »

Infant Formula Seller to Rebrand

Press Release – Kiaora NZ

The company that has been criticised for using a Maori name on its infant formula says it is sorry to have caused cultural offence, which it did not intend, and will rebrand its products to remove any Maori references. Read more »

Two major Kiwi companies on the rocks

Article – BusinessDesk

May 31 (BusinessDesk) – The prolonged recession appears to have done for two of New Zealand’s most well-established manufacturing businesses – global Christchurch-based busmaker DesignLine and long-standing Taranaki baker Yarrow’s Ltd. Read more »

MAF Investigation Clears Kiaora NZ of Food Safety Concerns

Press Release – MAF

An ongoing MAF investigation into Kiaora New Zealand, marketers of Heitiki infant formula, has cleared the company of food safety and export regulations concerns. Read more »

KPMG Launch “Inside the Business of the Rugby World Cup”

Press Release – KPMG

On the eve of 100 days until the Rugby World Cup kicks off in Auckland, KPMG today announced their “Inside the business of Rugby World Cup 2011” campaign as Official Supplier of Accountancy Services and Tax Advisory. Read more »

Saving Assets Will Drop Dollar – Peters

Press Release – New Zealand First Party

Rt. Hon Winston Peters says blame for the dangerously high New Zealand dollar can be laid directly at the feet of the government and its disastrous plan to asset strip New Zealand. Read more »

New Zealand Maritime Workers Board Flag of Convenience Ships

Press Release – Maritime Union of New Zealand

New Zealand maritime workers will be going up the gangway this week to check out ships flying “flags of convenience” and ensure that crew conditions, wages, and health and safety standards are up to scratch. Read more »

Employees Support the Purchase of Whitcoulls

Press Release – James Pascoe Group

In an announcement last week, the James Pascoe Group (JPG) entered into an agreement to purchase the assets of Whitcoulls and Borders. The deal is subject to the acceptance of more than 900 employee contracts and more than 60 leases by 9 June. Read more »

Government Welcomes Contact Energy Projects

Press Release – New Zealand Government

Today’s opening of Contact Energy’s expanded Stratford power station, by Prime Minister John Key, represents a significant addition to the country’s electricity generation capacity, says Acting Minister of Energy and Resources Hekia Parata. Read more »

Key Needs to Take Responsibility for Scrapping Kiwi Jobs

Press Release – Green Party

The state sector mergers announced today will put more Kiwis out of work at a time of already high unemployment, Green Party Co-leader Metiria Turei said today. Read more »

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