Archive for October, 2017

TIN companies now generating $10b a year

Press Release – New Zealand Government

Economic Development Minister Simon Bridges and Science and Innovation Minister Paul Goldsmith have today congratulated New Zealands leading hi-tech companies for achieving a combined annual global revenue of $10 billion for the first time. The … Read more »

MARKET CLOSE: NZ shares rise as Restaurant Brands, A2 gain

Article – BusinessDesk

Oct. 17 (BusinessDesk) – New Zealand shares rose, led by Restaurant Brands and A2 Milk while Xero and Scales Corp fell, with investors still uncertain about the make-up of the next government. Read more »

NZ dollar pares CPI gains as greenback rises

Article – BusinessDesk

Oct. 17 (BusinessDesk) – The New Zealand dollar was little changed, paring the gains it made on stronger-than-expected inflation data, as the greenback strengthened in Asian trading. Read more »

Reduced viewpoints in media merger not ComCom’s concern

Article – BusinessDesk

Oct. 17 (BusinessDesk) – The Commerce Commission shouldn’t have considered reduced media plurality in deciding to reject the merger of Stuff and NZME, the media companies’ lawyer told the court. Read more »

NZ Super Fund paid 60 times more tax than Fonterra

Article – BusinessDesk

NZ Super Fund, govt cash cow, paid 60 times more tax than Fonterra last year Read more »

Living Wage asks Selwyn Foundation to consider ethics

Press Release – Living Wage Aotearoa

The Living Wage Movement Aotearoa New Zealand says that the Selwyn Foundations AGM at Holy Trinity Cathedral on Wednesday the 18th of October is the perfect opportunity for them to think about their commitment to an ethical and values based approach. Read more »

Fisher Funds says new Xero holding amounts to 3% of Kingfish

Article – BusinessDesk

Oct. 17 (BusinessDesk) – Kingfish, a listed investment fund that targets New Zealand shares, has taken an $8 million position in Xero shares after flagging its first bet on the unprofitable accounting software company. Read more »

Infratil, flush with funds, won’t offer reinvestment option

Article – BusinessDesk

Oct. 17 (BusinessDesk) – Infratil, which is one of the biggest issuers of NZDX-listed debt securities, says it won’t offer holders of its November 2017 bonds an option to reinvest because it has ample funds and untapped bank facilities. Read more »

House of science is bringing top scientists to BoP

Press Release – House of Science

House of science is bringing top scientists to the Bay of Plenty October 2017: The House of Science is hosting leading New Zealand scientists at their biennial symposium in November. The first-of-its-kind institution is changing the way Kiwis engage with … Read more »

Family farm trusts at risk

Press Release – Crowe Horwath

Family farm trusts at risk Agri family businesses that have a trust structure need to make sure theyre not burnt by the changes in legislation that governs trusts. Crowe Horwath Business Advisory Partner Denis Hames says neglecting your family trust … Read more »

E tū bitterly disappointed over demise of Kiwi-made Cadbury

Press Release – Etu NZ

MEDIA RELEASE E t bitterly disappointed over demise of Kiwi-made Cadbury The union, E t is highly critical of the decision by Mondelez International to move all production of Cadbury products from its Dunedin production plant to Australia. Read more »

Summit improves tech connection with China

Press Release – Hi-Tech Summit

High-profile Chinese investors and Kiwi tech companies came together this week to work out how to better promote, connect and engage the New Zealand tech sector with the China market. The Hi-Tech Summit, organised by the China Chamber of Commerce … Read more »

UPDATE: housing-related costs push up inflation

Article – BusinessDesk

(Recasts lead and updates to add economists comments in paragraphs 4 and 5, comment from Insurance Council in paragraph 7 and updated NZD level in final graph) Read more »

NZ frozen beef exports to Japan slump after tariff hike

Article – BusinessDesk

Oct. 17 (BusinessDesk) – New Zealand exports of frozen beef to Japan have plummeted since the country lifted tariff rates, according to AgriHQ. Read more »

NZMA policy on bullying adopted by World Medical Association

Press Release – NZMA

The New Zealand Medical Association (NZMA) believes the medical profession must take a leadership role in condemning bullying and harassment, says NZMA Deputy Chair Prof Harvey White. We are delighted that, at its recent meeting in Chicago, the World … Read more »

Mondelez pulls pin on local manufacturer for Kiwi candy

Article – BusinessDesk

Oct. 17 (BusinessDesk) – Mondelez International has given up on finding a local manufacturer for its New Zealand suite of candy and will ship production to Australia, having already decided to close the Dunedin Cadbury factory. Read more »

Public transport numbers the best in more than 60 years

Press Release – Auckland Transport

Aucklands public transport users have clocked up 90 million trips on buses, trains and ferries over the past year, the last time Auckland saw that many trips was way back in 1956. Read more »

ASX-listed HRL Holdings expands Kiwi footprint

Article – BusinessDesk

Oct. 17 (BusinessDesk) – ASX-listed HRL Holdings will expand its reach on this side of the Tasman after agreeing to buy local food testing firm Analytica Laboratories for as much as $30 million. Read more »

Billion-dollar industry thanks cleaners

Press Release – OCS Limited

Mopping up crime scenes, polishing the floors of schools and keeping public toilets fresh are just some of the tasks cleaners will be acknowledged for on Thank Your Cleaner Day tomorrow. Read more »

Labour Weekend highway tips

Press Release – NZTA

This Labour Weekend the NZ Transport Agency encourages everyone heading off for a break to check the Labour Weekend Hotspots map . The Hotspots maps collate information from previous Labour Weekend journeys on the times where traffic is heaviest. The … Read more »

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