Archive for February, 2018

MARKET CLOSE: NZ shares up on A2’s 27% surge

Article – BusinessDesk

MARKET CLOSE: NZ shares up on A2’s 27% surge; Synlait, Fletcher, Spark drop By Sophie Boot Read more »

Australian think tank urges closer trans-Tasman defence ties

Article – BusinessDesk

Feb. 21 (BusinessDesk) – An Australian think-tank is urging closer trans-Tasman defence ties to nurture a relationship that’s been static for three decades in an effort to bridge diverging views on the rising regional influence of China. Read more »

Extended Tekapo hydro outage a ‘crying shame’

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Genesis Energy has been forced to extend its outage at the Tekapo-B hydro power station until June, cutting off a supply of water that would otherwise run through three of Meridian Energy’s hydro power stations on the multi-station … Read more »

NZ dollar gains against Aussie

Article – BusinessDesk

Feb. 21 (BusinessDesk) – The New Zealand dollar gained against the Aussie after a weak construction survey across the Tasman offset stronger-than-expected Australian wages growth. The local currency continued to lose ground against the greenback. Read more »

Revised TPP signatories organise their out-clauses

Article – BusinessDesk

Feb. 21 (BusinessDesk) – The New Zealand government is in negotiations with other signatories to the 11-nation Comprehensive and Progressive Trans-Pacific Partnership Agreement over an unknown number of so-called ‘side letters’ that effectively remove … Read more »

Lakeview Recreation Reserve Lease

Press Release – Queenstown Lakes District Council

A long-term lease over the new Lakeview Recreation Reserve was considered by a Queenstown Lakes District Council hearings panel on Monday. Read more »

Red Meat Sector welcomes release of the CPTPP text

Press Release – Beef And Lamb NZ

Media Release 21 February 2018 Red Meat Sector welcomes release of the CPTPP text and National Interest Analysis The release of the text of the Comprehensive and Progressive Trans-Pacific Partnership agreement (CPTPP) and New Zealands National Interest … Read more »

NZ Super Fund divests carbon investments over ‘undue risk’

Article – BusinessDesk

Feb. 21 (BusinessDesk) – The New Zealand Superannuation Fund has been divesting investments with carbon exposure as it believes the emission is currently underpriced and represents a risk for the future. Read more »

Spencer defends RBNZ’s retail banking supervision

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Acting Reserve Bank Governor Grant Spencer, who will leave the role next month to be replaced by Adrian Orr, defended the central bank’s approach to supervision of the retail banking sector, though noted the government could seek … Read more »

Fletcher shares hit lowest in more than 5-years

Article – BusinessDesk

Fletcher shares hit lowest in more than 5-years as firm reveals soggy outlook behind B+I carnage Read more »

A2 shares soar 25%, making it NZ’s biggest listed company

Article – BusinessDesk

Feb. 21 (BusinessDesk) – A2 Milk Co shares jumped 25 percent, making the milk marketing firm New Zealand’s biggest listed company on a deal that will give it backing from Fonterra Cooperative Group. Read more »

Ebos looking at raft of acquisitions

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Ebos Group continues to look at a raft of possible acquisitions within the healthcare and animal care markets and aims to build its export momentum into Asia, says chief executive Patrick Davies Read more »

Spark sees more upside to unlimited mobile data plans

Article – BusinessDesk

Spark sees more upside as upsell to unlimited mobile data plans spur sales By Paul McBeth Read more »

FSC will engage with KiwiFund Bill

Press Release – Financial Services Council

The Financial Services Council welcomes the opportunity to engage with the KiwiFund Bill and the issues it raises, but questions whether the measures in the Bill are needed. Read more »

TPPA-11 National Interest Analysis is recycled spin

Press Release – Professor Jane Kelsey

TPPA-11 National Interest Analysis is recycled spin, Labour squanders opportunity for real change The revised National Interest Analysis (NIA) for the Trans-Pacific Partnership Agreement minus the US (TPPA-11), released today, layers new spin onto … Read more »

Work begins to clear slip closing SH11 at Lemons Hill

Press Release – NZTA

Work has started to clear the huge slip thats closed State Highway 11 between Paihia and Kawakawa in Northland since last Tuesday. But it may be another 4 to 6 weeks before the road reopens. Read more »

Crown Range Road closed with immediate effect

Press Release – Queenstown Lakes District Council

The Crown Range Road between Queenstown and Wanaka is currently closed due to the extreme danger of rock fall on the Queenstown side caused by todays heavy rain. Read more »

National welcomes release of TPP agreement text

Press Release – New Zealand National Party

Nationals Trade spokesperson Todd McClay has welcomed confirmation that the significant gains won for New Zealand during the past decade of TPP negotiations have been protected, with the release of the finalised agreement today. Read more »

No Change to Synlait And A2 Supply Arrangements

Press Release – Joint Press Release

Synlait Milk Limited (NZX: SML, ASX: SM1) and The a2 Milk Company Limited (NZX: ATM; ASX: A2M) wish to clarify that the announcements made today by The a2 Milk Company and Fonterra do not change Synlaits exclusive infant formula supply arrangements … Read more »

Response update from NPDC

Press Release – New Plymouth District Council

NPDC is working hard to fix the water pipe issue and were aiming to fix it as soon as possible. Read more »

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