Archive for July, 2017

Statement of Preliminary Issues Released for Trade Me Ltd

Press Release – Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to Trade Me Limiteds (Trade Me) proposed acquisition of up to 100% of the shares in Limelight Software Limited, trading as Motorcentral. Read more »

Large Slip Closes Balfour St in Vogeltown to Through Traffic

Press Release – WCC

The slip has come down this morning and closed both lanes of Balfour Street. Through traffic has been disrupted including buses on the #21 route. Contractors will start work to remove the slip material as soon as possible this morning. Read more »

Roaring Meg crash delays

Press Release – New Zealand Police

Central Otago police are currently attending the scene of a crash in the vicinity of the Roaring Meg section within the Kawarau Gorge. Read more »

HiFX Morning Update, July 25 2017

Press Release – HiFX

The NZD has slipped a little lower against the majority of its trading partners in what has been a quiet start to the week. Overnight a lack of tier one economic data has seen investors take a breather while they await Thursdays FOMC monetary … Read more »

Study shows franchise sector turnover now tops $46bn

Press Release – Joint Press Release

The annual turnover of New Zealands franchising sector has topped $46.1 billion, according to the latest Franchising New Zealand 2017 report. Read more »

Work about to start on eastern Bay of Plenty state highway

Press Release – NZTA

Work on the slip below the road on State Highway 35 at Raukokore is now expected to start Tuesday (25 July) after crews were diverted to help with reopening the highway at the Waioeka Gorge. Read more »

SH 4 Whanganui to Raetihi open

Press Release – NZTA

The NZ Transport Agency is advising that State Highway 4 from Whanganui to Raetihi is now open. Read more »

Callaghan’s C-Prize finalists

Article – BusinessDesk

July 24 (BusinessDesk) – Callaghan Innovation announced the 10 finalists in its biennial C-Prize Challenge, where innovators have been invited to create the next generation of wearable technology and the winner will receive a $100,000 prize package that … Read more »

MARKET CLOSE: NZ shares rise, Stride, Warehouse Group gain

Article – BusinessDesk

July 24 (BusinessDesk) – New Zealand shares gained, led by Stride Property and Warehouse Group, while dual-listed Westpac Banking Corp and Australia & New Zealand Banking Group fell. Read more »

Caniwi commits another $26m to property portfolio

Article – BusinessDesk

July 24 (BusinessDesk) – Wellington-based investment group Caniwi Capital has spent $26 million in two regional commercial property plays: $21 million for a specialist cool store in the so-called ‘Golden Triangle between Auckland, Hamilton and Tauranga, … Read more »

NZ dollar falls from 10-month high in New York

Article – BusinessDesk

July 24 (BusinessDesk) – The New Zealand dollar fell from the 10-month high it reached in New York on Friday as investors await offshore events for direction, in particular in Australia. Read more »

Deluge misses southern hydro lakes

Article – BusinessDesk

July 24 (BusinessDesk) – Last weekend may have been Oamaru’s wettest since daily rainfall records began in 1950, but the deluge that hit eastern coastal parts of the South Island over the weekend all but missed the southern hydro lakes, which … Read more »

Warehouse agrees to sell financial services unit to SBS

Article – BusinessDesk

July 24 (BusinessDesk) – Warehouse Group, known for its flagship ‘red shed’ discount department stores, is selling its financial services business to a subsidiary of SBS Bank for $18 million, although most of that will be offset by an impairment. Read more »

Mandate for transformation: Construction industry forum

Press Release – Registered Master Builders Association

Mandate for transformation: Main aim of Construction industry forum New Zealands building and construction industry will come together next month, at the all-of-industry Constructive Forum to discuss and endorse a New Zealand plan for industry transformation … Read more »

Flood insurance update: Temporary Accommodation

Press Release – Insurance Council

The Insurance Council of New Zealand advise people who have uninhabitable homes due to flood damage to contact their insurer directly for help with temporary accommodation. Reports in today suggest that some people may be displaced from their homes for … Read more »

$231 million boost for State Highway 1 in Kaikoura regioon

Press Release – NZTA

24 July 2017 | SOUTHERN REGION $231 million boost for State Highway 1 in the Kaikoura region Read more »

Slip closes SH25A (Kopu-Hikuai Road) overnight

Press Release – Thames Coromandel District Council

The Kopu-Hikuai Road (State Highway 25A) will remain closed overnight to allow a major slip to be cleared. Read more »

Business lobby supports govt backdown on immigration

Article – BusinessDesk

July 24 (BusinessDesk) – The New Zealand Manufacturers and Exporters Association (NZMEA) has come out in favour of the government’s possible backtrack on immigration changes. Read more »

Postie Plus store sale offers ‘off the rack’ investment

Press Release – Bayley’s Real Estate

The land and buildings housing the regional outlet for one of New Zealands largest fashion chain retailers has been placed on the market for sale. Read more »

NZ Super Fund retains A+ for responsible investment

Article – BusinessDesk

July 24 (BusinessDesk) – The New Zealand Superannuation Fund scored an A+ rating for governance and strategy around responsible investment for the third year in a row in the latest benchmarking report from the United Nations-supported Principles … Read more »

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