Business Scoop

Archive for August, 2014

Vera Auriga must be banned from NZ waters

Press Release – New Zealand Independent Coalition

The Vega Auriga is a ticking timebomb that must be banned from New Zealand – it poses as great a risk as the Rena did when it sailed from Napier to the Astrolabe Reef, said Brendan Horan. Read more »

Spark New Zealand Selects OTT Platform Provider, Xstream

Press Release – XStream

COPENHAGEN, Denmark and AUCKLAND, New Zealand, Aug. 28, 2014/PRNewswire/ — Spark New Zealand (formerly Telecom NZ), a New Zealand- wide communications and internet service provider, has selected Xstream’s award winning professional video management … Read more »

University economics team studying workers’ comparing wages

Press Release – University of Canterbury

A University of Canterbury economics research team is looking at fairness of the job assignments and whether workers are sensitive to the wages of their co-workers. Read more »

“Far more serious” allegations, says Key, as Collins resigns

Article – BusinessDesk

Aug. 30 (BusinessDesk) – Prime Minister John Key has been handed a cast-iron excuse to rid his government of its troublesome Justice Minister, Judith Collins, using an email supplied anonymously to his office yesterday which appears to show Collins … Read more »

Collins set to walk today

Article – BusinessDesk

Aug. 30 (BusinessDesk) – Embattled Justice Minister Judith Collins is expected either to resign or be sacked from the National Party Prime Minister John Key’s Cabinet within the hour. Read more »

Fonterra China Deal Demands Safe Supply Chain

Press Release – GE Free NZ

The future success of Fonterras deal to sell infant formula in China [1] requires all milk it uses be safe and for Fonterra to secure its supply chain from contamination by GE DNA and pesticide residues. There is now significant risk from importations … Read more »

EBT Or Savings: NZ Business

Press Release – Canstar

Each year CANSTAR researches both the deposit and credit card products available for New Zealand businesses and rates those products from one to five stars in accordance with the value that the product represents for business owners. The good news is … Read more »

Fonterra credit rating cut by S&P, Fitch affirms rating

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Fonterra Cooperative Group has had its A+ credit rating cut one notch by Standard & Poor’s over its investment in China’s Beingmate Baby & Child Food, which the rating agency sees as a more aggressive push into the … Read more »

WDT widens 1H loss, warns FY earnings won’t improve

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, widened its first half loss and said full year earnings won’t improve as sales slump in Latin America, its largest market. Read more »

Veritas Investments to buy upmarket Nosh supermarket chain

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Veritas Investments, which owns the Mad Butcher franchise business, has entered into a conditional agreement to buy the gourmet-supermarket chain, Nosh Food Market from Nosh Management for an undisclosed sum. Read more »

MARKET CLOSE: NZ shares fall led by Auckland Airport

Article – BusinessDesk

Aug. 29 (BusinessDesk) – New Zealand shares extended yesterday’s decline, led by Auckland International Airport, as investors locked in the month’s gains ahead of September’s general election, while energy companies fell amid political uncertainty. Read more »

Vector wins tax case over Auckland CBD tunnel payment

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Vector, the Auckland electricity and gas network operator, has won a tax case against the Inland Revenue Department over a $53 million payment relating to access rights to its Auckland CBD tunnel. Read more »

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