Archive for February, 2016

MARKET CLOSE: Orion extends gains, Sky TV keeps falling

Article – BusinessDesk

Feb. 29 (BusinessDesk) – New Zealand shares rose, as Orion Health Group continued to rally on a new US deal, while Sky Network Television extended its fall. Read more »

Coal and dairy revenues hit KiwiRail first-half

Article – BusinessDesk

Feb. 29 (BusinessDesk) – Falling revenue from the rail network and one-off restructuring costs pushed state-owned KiwiRail to a net loss for the six months to Dec. 31 of $16.2 million, compared with a $6.8 million loss for the same period last year. Read more »

Hutt Valley residents lose their radio station

Press Release – Hutt Radio

The only radio station based in, and focused on, the Hutt Valley is to be forced to close following a decision by the Ministry for Culture and Heritage to transfer its broadcast licence to Wellington Access Radio. Read more »

New Zealand’s #1 TV Shopping Channel Debuts Across Tasman

Press Release – Yesshop

New Zealands number one TV shopping channel, YESSHOP has officially gone live today on Australian television screens on the Foxtel pay TV platform Channel 180 . Read more »

Good oral health will keep Kiwis smiling year round

Press Release – Colgate

Good oral health will keep Kiwis smiling year round Colgate, Plunket and the New Zealand Dental Association thank Kiwis for their support during their February campaign to support good oral health in children, and remind parents of the importance of … Read more »

NZ dollar falls as local data disappoints

Article – BusinessDesk

Feb. 29 (BusinessDesk) – The New Zealand dollar fell as data painted a grimmer picture of local growth and economists at the country’s biggest lender joined rivals in predicting the Reserve Bank will cut interest rates even further this year. Read more »

Seeka profit beats forecast and lifts dividend

Press Release – Seeka Kiwifruit Industries

TE PUKE, 29 February, 2016 – Seeka Kiwifruit IndustriesLimited [NZX:Sek] announced an audited profit after tax of$4.27m, for the year ending 31 December, 2015, well aboveits guidance range of between $2.96m and $3.53m. Theafter tax profit was up … Read more »

Two sets of safety improvements on SH1 Whangarei

Press Release – NZ Transport Agency

The NZ Transport Agency is beginning work this week to improve safety and traffic flows at two locations on SH1 into Whangarei. Read more »

More to Rates than Just the Rate

Press Release – Affordable Auckland

Following John Palinos official announcement that he intends to run again for the Auckland mayoralty, Mayoral candidate Stephen Berry has called Palinos pledge to cut rates by 10% over three years refreshing. Berry adds, The three media … Read more »

Food Act Comes Into Effect

Press Release – Queenstown Lakes District Council

A new law for all businesses that sell food comes into effect tomorrow (1 March) and Queenstown Lakes District Council is gearing up to help local food premises comply. Read more »

Mercer first half loss widens, eyes split of remaining units

Article – BusinessDesk

Feb. 29 (BusinessDesk) – Mercer Group, the stainless steel fabricator and manufacturer, reported a wider first-half loss as it restructured the business and sold unprofitable units, and plans to split up its remaining two divisions. Read more »

Mercer first half loss widens, eyes split of remaining units

Article – BusinessDesk

Feb. 29 (BusinessDesk) – Mercer Group, the stainless steel fabricator and manufacturer, reported a wider first-half loss as it restructured the business and sold unprofitable units, and plans to split up its remaining two divisions. Read more »

Minimum wage rises 50c to $15.25

Article – BusinessDesk

Feb. 29 (BusinessDesk) – The minimum wage is to rise by 50 cents to $15.25 an hour from April 1 2016. Read more »

Bishop welcomes 2016 Hutt STEMM Festival

Press Release – New Zealand National Party

National List MP based in the Hutt Valley Chris Bishop is looking forward to the 2016 Hutt STEMM Festival, which will run from 4-12 June this year. Read more »

CBL lifts annual net profit 83%, outperforms IPO forecast

Article – BusinessDesk

Feb. 29 (BusinessDesk) – CBL Corp, the NZX-listed company that sells credit surety and financial risk insurance, outperformed its initial public offering profit forecast to lift annual net profit 83 percent in 2015. Read more »

Air NZ brings international expert to warn on Wgtn runway

Article – BusinessDesk

Feb. 29 (BusinessDesk) – Promoters of the Wellington airport runway extension are mistaken to expect that building it will be enough to attract airlines to establish new long-haul routes to the capital, says an international airline expert brought … Read more »

Minimum wage hike whacks regional employment

Press Release – ACT New Zealand

The new $15.25 minimum wage will hit regional employers especially hard, says ACT Leader David Seymour. Read more »

State Highway 1 closed south of Kaikoura

Press Release – NZ Transport Agency

The NZ Transport Agency advises drivers travelling on State Highway 1 through Kaikoura/ the Conway River/ Hundalees area to expect delays due to a serious crash. Read more »

SummerGlow Customers are in Safe Hands

Press Release – Summerglow Apiaries

The Ministry for Primary Industries (MPI) has issued a recall of some mnuka honey products produced by an Auckland company, Evergreen Life Ltd, after the discovery that non-approved substances may have been used during the processing of Evergreen … Read more »

MBIE’s key outcomes linked to Pasifika Business Awards

Press Release – Wellington Pasifika Business Network

The importance of growing sustainable Pacific owned businesses is one of the many reasons why the Ministry of Business, Innovation and Employment (MBIE) are getting behind the inaugural ANZ Pasifika Business Awards 2016. Hosted by the Wellington … Read more »

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