Business Scoop

Archive for March, 2012

New transport funding tools needed to boost development

Press Release – NZ Council for Infrastructure Development

“Weaknesses in our transport network demonstrated by road and rail closures around Gisborne and the Manawatu Gorge coupled with a multi-billion funding gap in Auckland and an unidentified capital need Canterbury all expose the huge challenge … Read more »

Need for fundamental reform despite change of approach

Press Release – Auckland Chamber of Commerce

Today’s change of approach by the parties to return to the bargaining table, and use the facilitation process set out in the Employment Relations Act, doesn’t alter the need for a certain and sustainable solution to the dispute, said Auckland Chamber … Read more »

IG Markets – Afternoon Thoughts

Press Release – IG Markets

Across Asia, markets are mostly higher after picking up on the positive momentum seen in US markets towards the close of the session. After a relatively subdued start, markets have certainly picked up the pace today as investors look to close out the … Read more »

Visy granted clearance to acquire HP Industries

Press Release – Commerce Commission

The Commerce Commission has cleared VRPS Limited, a subsidiary of Visy Industries Australia Pty Limited (Visy), to acquire certain businesses and assets of HP Industries Holding Limited and HP Industries (New Zealand) Limited. The businesses and assets … Read more »

Brightwater may lay off workers over Bathurst mine delays

Article – BusinessDesk

March 30 (BusinessDesk) – Brightwater Group, the Nelson-based engineering firm, is looking at sacking workers because of delays to Bathurst Resources’ planned coal mine on the West Coast. Read more »

MARKET CLOSE: NZ shares rise, delivering 6.6% 1st-qtr gain

Article – BusinessDesk

March 30 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a 6.6 percent quarterly gain, as signs of a return of global growth helped underpin demand for equities. Children’s clothing retailer Pumpkin Patch and rural services … Read more »

NZ dollar heads for 5.2% quarterly gain

Article – BusinessDesk

NZ dollar heads for 5.2% quarterly gain as concerns rise over looming Chinese slowdown Read more »

Wairoa freight hub idea may not doom rail link

Article – BusinessDesk

Wairoa freight hub may not be enough to save doomed Gisborne-to-Napier rail line Read more »

Auckland Has Its Port Back But This Never Should Have Happen

Press Release – First Union

Media release: FIRST Union Friday March 30, 2012 Auckland Has Its Port Back But This Never Should Have Happened Auckland citizens, workers and businesses will welcome news that their Port will be up and running again soon, following Port management’s … Read more »

Fonterra earnings grow more by selling ingredients to rivals

Article – BusinessDesk

March 30 (BusinessDesk) – Fonterra Cooperative Group found its first-half earnings growth by selling dairy ingredients to rivals rather than competing with them in branded consumer products. Read more »

Last chance for Tertiary student to renew HOP cards

Press Release – Auckland Transport

Auckland Transport advises tertiary student HOP card holders they have one more day to renew the concession on their HOP cards in order to continue to receive a tertiary student discounted fare. Read more »

John Key’s radio stunt broke electoral law

Press Release – New Zealand Labour Party

Labour acknowledges the police decision not to lay charges against RadioLive for the Prime Minister’s pre-election radio stunt but we continue to agree with the Electoral Commission that the programme broke electoral law, says Labour’s Deputy … Read more »

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