Archive for May, 2017

Banks Shoes chain latest retailer to call in receiver

Article – BusinessDesk

May 26 (BusinessDesk) – Banks Group, which runs 14 stores across the country under the brands including Banks Shoes and Shoe Connection, has been tipped into receivership at the request of director John Bank. Read more »

MARKET CLOSE: NZ shares rise, led by F&P Healthcare

Article – BusinessDesk

May 26 (BusinessDesk) – New Zealand shares rose, led by Fisher & Paykel Healthcare and Sky Network Television, while Ebos and Metro Performance Glass fell. Read more »

NZ dollar falls with Aussie as China downgrade mulled

Article – BusinessDesk

May 26 (BusinessDesk) – The New Zealand dollar fell along with the Australian dollar after officials at Moody’s Investors Service officials said China could face another credit rating downgrade if it doesn’t contain its debt mountain, while both currencies … Read more »

Govt edges towards review of low-user electricity tariff

Article – BusinessDesk

May 26 (BusinessDesk) – Electricity retailers are pushing for a government review of the 13-year-old low user electricity tariff following comments this week by Energy Minister Judith Collins that she is willing to seek advice on an issue long-stalled … Read more »

Trilogy meets guidance with 19% gain in full-year earnings

Article – BusinessDesk

May 26 (BusinessDesk) – Trilogy International posted a 19 percent gain in annual pretax earnings, meeting guidance, reflecting a full 12-month contribution from distributor CS & Co and stronger sales of its Trilogy beauty products, which offset the impact … Read more »

Zespri 2016/17 grower returns sag despite big jumps

Article – BusinessDesk

May 26 (BusinessDesk) – New Zealand’s statutory kiwifruit exporter, Zespri, achieved distributable profit for its grower shareholders of $34.8 million in the year to March 31 on a 19 percent increase in turnover of $2.26 billion. Read more »

Banks Group Limited (In Receivership)

Press Release – PricewaterhouseCoopers

Banks Group Limited (In Receivership) trading as Shoe Connection, SNKR, Banks Shoes and Plimmer Shoes Read more »

RBNZ approves Wolfstrike’s purchase of lender FE investments

Article – BusinessDesk

May 26 (BusinessDesk) – The Reserve Bank has given the seal of approval to ASX-listed Wolfstrike Rentals Group to buy local financier FE Investments, the last hurdle the firms needed to cross in settling the deal. Read more »

Delays expected Arthur’s Pass route Canterbury to West Coast

Press Release – NZ Transport Agency

Delays expected Arthurs Pass route Canterbury to West Coast: Up to three oversized loads a week from Monday Read more »

NZ Pork welcomes Government focus on biosecurity

Press Release – NZ Pork

The announcement of additional operating funding for biosecurity is a vital protection for the countrys primary industries, according to New Zealand Pork. Read more »

Initiatives aimed at boosting tourism facilities get funding

Press Release – Thames Coromandel District Council

Community-based organisations with projects aimed at developing visitor facilities have received a funding boost with the allocation of several grants from most of our district’s community boards. Read more »

State Highway 63 Wye River bridge re-opened

Press Release – New Zealand Transport Agency

The Wye River bridge on the alternate South Island state highway route in the Wairau Valley has re-opened to traffic, following urgent work carried out this week to repair damage sustained when the bridge was struck by a truck last Sunday (May 21) Read more »

New Zealand set to blow its carbon budget by 27%

Press Release – Forest And Bird

The Governments Greenhouse Gas Inventory, released today, shows New Zealand is set to release 647.5 million tonnes of carbon emissions between 2013 and 2020 137 million tonnes more than we are allowed under the Kyoto Protocol. Just a day … Read more »

Budget 2017: $8m extra for Whanganui DHB

Press Release – New Zealand Government

Health Minister Jonathan Coleman says new funding for Whanganui DHB in Budget 2017 increases the DHBs total allocation to a record level. Read more »

Budget 2017: $4m extra for West Coast DHB

Press Release – New Zealand Government

Health Minister Jonathan Coleman says new funding for West Coast DHB in Budget 2017 increases the DHBs total allocation to a record level. Read more »

Budget 2017: $53m extra for Waitemata DHB

Press Release – New Zealand Government

Health Minister Jonathan Coleman says new funding for Waitemata DHB in Budget 2017 increases the DHBs total allocation to a record level. Read more »

Budget 2017: $5m extra for Wairarapa DHB

Press Release – New Zealand Government

Health Minister Jonathan Coleman says new funding for Wairarapa DHB in Budget 2017 increases the DHBs total allocation to a record level. Read more »

Budget 2017: $42m extra for Waikato DHB

Press Release – New Zealand Government

Health Minister Jonathan Coleman says new funding for Waikato DHB in Budget 2017 increases the DHBs total allocation to a record level. Read more »

Budget 2017: $12m extra for Taranaki DHB

Press Release – New Zealand Government

Health Minister Jonathan Coleman says new funding for Taranaki DHB in Budget 2017 increases the DHBs total allocation to a record level. Read more »

Budget 2017 light on science

Press Release – Science Media Centre

The Government has released this years Budget, with $250 million earmarked for science and innovation initiatives and an extra $880m for health. Finance Minister Steven Joyce delivered his first budget on Thursday: the National-led Governments … Read more »

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