Archive for April, 2018

MARKET CLOSE: NZ shares rise in broad regional rally

Article – BusinessDesk

April 30 (BusinessDesk) – New Zealand shares rallied across the board, with Mercury New Zealand and Kiwi Property Group leading the index while Scales Corp and Comvita dropped. Read more »

Ardern: BP pricing reinforces need for ComCom market studies

Article – BusinessDesk

April 30 (BusinessDesk) – Prime Minister Jacinda Ardern wants to hear BP New Zealand Holdings’ explanation about plans to raise prices in several provincial areas to protect sales in another but says the tactics underpin the need for greater investigative … Read more »

NZ dollar sticks to tight range in holiday thin trading

Article – BusinessDesk

NZ dollar sticks to tight range in holiday thin trading, eyes on US data, Fed Read more »

Delaware North takes 20-year sublease on backpackers lodge

Article – BusinessDesk

April 30 (BusinessDesk) – Delaware North, a hospitality company based in Buffalo, has been cleared to take a 20-year sublease on land in Queenstown that’s the site of the Pinewood Lodge, an investment that would generate about $27 million in rent. Read more »

Bad weather closes State Highway 11 past Lemons Hill

Press Release – NZTA

The NZ Transport Agency says it wont open State Highway 11 to traffic past the Lemons Hill slip until at least Friday because of bad weather. Read more »

Scion launches innovation hub

Press Release – Scion

Scion launched its plans to build an innovation hub in the centre of its Rotorua campus with the reveal of design concepts at a function today. Read more »

Sweden’s Datamars pays more than $100M for Simcro

Article – BusinessDesk

April 30 (BusinessDesk) – Sweden’s Datamars paid more than $100 million for Simcro according to the case summary from the Overseas Investment Office that cleared the transaction last month. Read more »

Abley formed from two companies

Press Release – Abley

As of 1 May 2018, Abley Transportation Consultants and Interpret Geospatial Solutions are moving forward as one brand, Abley. Read more »

European Commission votes to restrict neonicotinoids

Press Release – Science Media Centre

The European Commission has voted to ban neonicotinoid pesticides in EU member states. The decision is expected to come into force by the end of 2018, with only closed greenhouses exempt. Read more »

Adamantem cleared by OIO to own Heritage Lifecare

Article – BusinessDesk

April 30 (BusinessDesk) – Australian private equity firm Adamantem Capital has gained approval from the Overseas Investment Office to lift its holding in Heritage Lifecare to as much as 100 percent to give the retirement village operator funds to expand. Read more »

Volunteering NZ Seeks To Improve Tax Benefits For Volunteers

Press Release – Volunteering New Zealand

Volunteering New Zealand made a submission to the Tax Working Group (on 30 April 2018) regarding making changes to the tax system to benefit volunteers and volunteering. A key recommendation is to give real consideration to the implementation of a Volunteer … Read more »

PM’s Post Cabinet Press conference 30/04/18

Article – Joseph Cederwall

Prime Minister Jacinda Ardern attended the Post Cabinet press conference today. Ardern made no major announcements, simply outlining her week ahead and opening up the floor to questions. Read more »

Salus may be first NZ IPO in 2018

Article – BusinessDesk

Salus may be first NZ IPO in 2018, raising up to $35M ahead of dual-listing to repay debt and grow Read more »

Biosecurity intelligence team a good move

Press Release – Horticulture NZ

Providing earlier warning of biosecurity risks by establishing a biosecurity intelligence team within government is a good idea, says Horticulture New Zealand chief executive Mike Chapman. Read more »

Plenty for science enthusiasts at Hutt STEMM festival

Press Release – Hutt City Council

The entire month of May is dedicated to the sciences in Lower Hutt, with events and workshops for all ages at the Hutt STEMM Festival 2018. The Festival, which is in its fourth year, celebrates the fact that Lower Hutt nurtures science and innovation … Read more »

NZ business confidence dims in April, firms dial back

Article – BusinessDesk

April 30 (BusinessDesk) – New Zealand business confidence fell in April, matching a dip in consumer sentiment, as already downbeat firms scaled back expectations for their own trading activity. Read more »

Buyers gear up to buy vacant trucking warehouse and yard

Press Release – Bayleys

The former mechanical repair warehouse, loading bay, administration offices, and parking yard of long-standing logistics and freight forwarding firm Morrinsville Transport Ltd has been placed on the market for sale. Read more »

QEX likely to raise 2019 targets

Article – BusinessDesk

April 30 (BusinessDesk) – NXT-listed QEX Logistics expects to raise its forecasts for the newly started 2019 financial year as strong Chinese demand for local dairy products helped it beat expectations for the 2018 period. Read more »

Aucklanders to have their say on proposed Regional Fuel Tax

Press Release – Auckland Council

Aucklanders will have the opportunity to have their say on the future of Aucklands transport system when public consultation on a proposed Regional Fuel Tax (RFT) and the projects it could fund begins 1 May. Read more »

Midwives on the march

Press Release – New Zealand College of Midwives

Midwives and families will march through Wellington on Thursday 3 May celebrating International Midwives Day and bringing a Delivery for Dear David a petition for the Minister of Health, David Clark, to support urgent sustainable funding for … Read more »

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