Business Scoop

Archive for June, 2017

Mark Warminger fined $400k for market manipulation

Article – BusinessDesk

June 30 (BusinessDesk) – Former Milford Asset Management portfolio manager Mark Warminger has been ordered to pay $400,000 after the High Court ruled he manipulated the New Zealand stock market on two occasions in 2014. Read more »

Establishment of City Rail Link Limited

Press Release – New Zealand Government

Finance Minister Steven Joyce and Transport Minister Simon Bridges have today signed the agreements with Auckland Mayor Phil Goff that establish City Rail Link Limited to assume responsibility from tomorrow for delivering Aucklands City Rail Link, … Read more »

Hugh Green exits second listed asset with Turners sale

Article – BusinessDesk

June 30 (BusinessDesk) – Interests associated with the estate of the late philanthropist Hugh Green have sold out of a second listed asset, with the $47 million sale of a stake in Turners Automotive Group, while daughter Maryanne Green has ceased to be … Read more »

Travel reminders as Capital set for Lions showdown

Press Release – Wellington City Council

If youre planning to travel across Wellington tomorrow (Saturday), including to sports or other activities, Wellingtonians are advised to leave much earlier than normal. The city will be extremely busy with traffic and rugby fans and the going … Read more »

Feds’ commend Government on investment in global agriscience

Press Release – Federated Farmers

The announcement today, made by Foreign Minister Gerry Brownlee, is a progressive step that will drive science and innovation in the agriculture sector. Read more »

Historic equal pay settlement takes effect. Questions remain

Press Release – Public Service Association

At midnight, the historic pay equity settlement for 55,000 care and support workers will take effect, but questions around door-closing legislation and funding remain and must be addressed by the Government, says the PSA. Read more »

SeaDragon auditor PwC tags accounts over factory value

Article – BusinessDesk

June 30 (BusinessDesk) – Fish oil supplement maker SeaDragon’s annual accounts were tagged by auditor PwC over the value attached to its long-delayed fish oil refinery, which relies on forecast revenue, something the accounting firm couldn’t find enough … Read more »

Changes recognise tobacco tax increases

Press Release – New Zealand Government

The Government is taking steps to ensure that small grocery businesses can continue to hold liquor licences, Associate Justice Minister Mark Mitchell announced today. Read more »

Xero boss Rod Drury named Global Marketer of the Year

Press Release – University of Canterbury

Rod Drury, founder and CEO of Xero, has been named the Global Marketer of the Year at an international marketing research conference held at the University of Canterbury this week. Read more »

Submission to road speed rules

Press Release – Gisborne District Council

Council agreed to make a submission in support of the New Zealand Transport Agencys proposed new rules for setting speed limits across the country at the meeting of Council on Thursday 29 June. Read more »

First shipments of chilled meat to China underway

Press Release – New Zealand Government

First shipments of chilled meat to China underway The first export consignments of chilled meat have left New Zealand shores bound for China as part of a six month trial, Primary Industries Minister Nathan Guy has announced today. The air-freighted … Read more »

Heavy rain coming – drivers on alpine passes, be prepared

Press Release – NZTA

Heavy rain is expected in parts of the South Island, in particular State Highways 7 and 73 (Lewis Pass and Arthurs Pass) today and through the weekend to Monday, 3 July. Read more »

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