Business Scoop

Archive for October, 2011

Comvita tells shareholders Cerebos bid too low

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Comvita, the manuka honey-based heatheries maker, has told shareholders not to accept a $2.50-per-share offer from Cerebos New Zealand to take control of the company, saying it’s not good enough. Read more »

MARKET CLOSE: NZ shares gain, led by Cavalier, OceanaGold

Article – BusinessDesk

Oct. 31 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a two-week high, with gold miner OceanaGold and carpet-maker Cavalier leading the advance, while Fletcher Building fell. Read more »

NZ dollar surges vs yen on Bank of Japan intervention

Article – BusinessDesk

Oct. 31 (BusinessDesk) – The New Zealand dollar surged as much as 3.8 percent against the yen after the Bank of Japan made its third bid to devalue its currency this year. Read more »

3 News Poll – October 2011: Nat 52.3% Lab 30.2%

Press Release – TV3

Labour 38 [30.2%]/ 43 National 65 [52.3%] / 58 Green Party 12 [9.4%] / 9 Maori Party 4 [1.4%] / 5 ACT 2 [1.5%] / 5 United Future [-] 1 / 1 Mana [0.9] 1 / – Jim Anderton Progressive [-] / 1 Total seats 123 / 122 Read more »

EA Demands Smaller Retailers Meet Requirements

Press Release – Pulse Utilities NZ

A decision by the Electricity Authority to retain the right of distributors to impose onerous prudential securities requirements on retailers will deter entry to the market, restrict growth and continue to tip the playing field in favour of the existing big … Read more »

IG Markets – Afternoon thoughts 31st October

Press Release – IG Markets

Across Asia, regional markets are mostly weaker in a fairly quiet trading session. The Nikkei is the best performer in the region, surging 0.5% after the BOJ finally made good on its promise to intervene. Finance Minister Mr Azumi confirmed that Japan … Read more »

Domestic tourism an election issue says Motel Association

Press Release – Motel Association

Fresh ideas from politicians to encourage Kiwis to take a holiday within New Zealand tops the list of questions Motel Association of New Zealand (MANZ) members will be asking their local candidates ahead of the general election. What the next Government … Read more »

Building & Housing – Want to make getting licensed easier?

Press Release – Designers Institute of NZ

There are three basic parts to a Licensed Building Practitioners Design application. The application form, passport photos and certification of identification (drivers licence; passport or birth certificate) Read more »

HP Recognised as a Leader in 2011 Magic Quadrant

Press Release – Acumen Republic

HP today announced industry analyst firm Gartner, Inc. has named the company a “leader” in its 2011 Magic Quadrant for Managed Print Services (MPS) Worldwide.(1) In the Gartner Magic Quadrant report, HP was evaluated on its “completeness of vision” … Read more »

NZ Media ‘Blindfolded’ Over West Papua Crisis, Say Critics

Press Release – Pacific Media Watch

As tensions escalate in the Indonesian-occupied Melanesian region of West Papua, there is growing criticism over the lack of information in the mainstream New Zealand media about the troubled area. Read more »

Mediaworks Appoints Richard Fenner As Business Director

Press Release – Mediaworks

MediaWorks TV has appointed Richard Fenner to the newly created role of Business Development Director. Starting today, the role sees him working closely with the Sales team to identify new clients, projects and opportunities for the network. Richard … Read more »

NZVCA announce award for Deal of the Year

Press Release – NZ Private Equity and Venture Capital Ass

The New Zealand Private Equity and Venture Capital Association (NZVCA) has announced the winner of the inaugural NZVCA awards that recognises outstanding performance in the private equity industry. NZVCA Executive Director Colin McKinnon said “An … Read more »

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