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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 »

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