Archive for October, 2017

NZ Super Fund plans cornerstone stake in Fidelity Life

Article – BusinessDesk

Oct. 31 (BusinessDesk) – The New Zealand Superannuation Fund plans to take cornerstone stake of at least $100 million in Fidelity Life, the largest Kiwi-owned life insurer. Read more »

MARKET CLOSE: NZ shares rise, rounding out 2.7% monthly gain

Article – BusinessDesk

MARKET CLOSE: NZ shares rise, rounding out 2.7% monthly gain; Ryman up, Sky TV, NZX down Read more »

Oregon Group expects record 2018 on forest products

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Oregon Group, which manages a New Zealand portfolio of businesses for Malaysia’s Tiong family, expects record earnings in 2018 on rising prices for forest products and the completion of apartments in its land development unit. Read more »

NZ to ban foreign buyers of existing homes

Article – BusinessDesk

NZ to ban foreign buyers of existing homes but says change would comply with TPP-11 Read more »

NZ dollar falls with business confidence, soft China data

Article – BusinessDesk

Oct. 31 (BusinessDesk) – The New Zealand dollar extended its decline after business confidence fell, Chinese data was softer than expected and Prime Minister Jacinda Ardern confirmed that foreign speculators will no longer be able to buy houses in … Read more »

New Govt’s policies may damp migration but economy stable

Article – BusinessDesk

New government’s policies may damp migration, housing but NZ economic prospects stable: Moody’s Read more »

No sign of Hotchin lawsuit 19 months after court ruling

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Former Hanover Finance principal Mark Hotchin hasn’t filed a new claim against former trustee New Zealand Guardian Trust in the 19 months since the Supreme Court ruled he could pursue the firm for a contribution to an $18 million … Read more »

Thousands sign open letter to PM Ardern on TPPA11

Press Release – ActionStation

In just three days nearly 6,000 people have signed an open letter to Prime Minister Jacinda Ardern urging her to put people and planet first in the upcoming TPPA negotiations in Vietnam. Today Jacinda responded, committing to do her utmost to push against … Read more »

Labour’s housing “ban” half-cooked

Press Release – New Zealand National Party

Labours housing ban half-cooked The Labour Governments jury-rigged ban on selling houses to foreign buyers in a very strange announcement that raises many more questions than it answers, National Party Finance spokesperson Steven Joyce … Read more »

Fidelity Life and NZ Super sign conditional $100m deal

Press Release – Joint Press Release

Fidelity Life and NZ Super Fund sign conditional NZ$100 million investment 31 October 2017 The NZ$36 billion New Zealand Superannuation Fund and Fidelity Life, New Zealands largest Kiwi-owned life insurer, today announced a proposal for the Fund to take … Read more »

Europe puts labour, environmental standards on the table

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Europe wants to develop a new version of gold-plated trade deals in its negotiations with New Zealand and Australia to deliver tangible benefits for the general population as the tide goes out on globalisation. Read more »

First NZ Bike Expo is a Success!

Press Release – Cycling Action Network

The first-ever NZ Bike Expo, which was held in Christchurch on 28-29 October exceeded expectations from exhibitors and visitors alike. Read more »

NZ business confidence turns pessimistic in October

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Political uncertainty saw business confidence sour in October as the interregnum before a government coalition was formed stoked negativity across all sectors Read more »

A win for clean, green, GE-free New Zealand

Press Release – SOIL and HEALTH Assn of NZ

FOR IMMEDIATE RELEASE 31 October 2017 The Soil & Health Association is celebrating the decision by Federated Farmers to abandon its appeal against the right of councils to control the use of genetically modified organisms (GMOs) in their territories. … Read more »

Foreign speculators house ban

Press Release – New Zealand Government

Foreign speculators house ban Foreign speculators will no longer be able to buy houses in New Zealand from early next year, says Prime Minister Jacinda Ardern. We are determined to make it easier for Kiwis to buy their first home so we are stopping … Read more »

Cavalier expects earnings to improve following restructuring

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Cavalier Corp, the struggling New Zealand carpet maker, expects earnings to improve this financial year and next as it reaps the benefits from restructuring its manufacturing operations, a lower wool price and reducing … Read more »

2017 Fonterra Elections Results Announced

Press Release – Fonterra

Returning Officer Warwick Lampp, of electionz.com Ltd, has declared the final results of the 2017 elections for the Fonterra Board of Directors, Directors Remuneration Committee and Shareholders Council. Read more »

E tū fights employer moves to undermine minimum wage rise

Press Release – E tu

E t is very disappointed to learn that some employers are trying to avoid the upcoming minimum wage increase by building workers allowances into their basic hourly pay. Read more »

Canterbury Health System widens Celo messaging network

Press Release – Canterbury District Health Board

A growing number of Canterbury clinicians are embracing the digital age with the ability to safely share information between mobile devices such as smart phones and tablets. Read more »

NZ angel funding drops 12% in first half

Article – BusinessDesk

Oct. 31 (BusinessDesk) – New Zealand’s angel networks and funds scaled back their investments to $20.2 million in the first half of the year and follow-on funding continues to take the bulk of the investment. Read more »

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