Archive for May, 2018

MARKET CLOSE: NZ shares rise in heavy MSCI trading

Article – BusinessDesk

MARKET CLOSE: NZ shares rise in heavy MSCI trading; Synlait, Mercury gain while A2 falls Read more »

All of Christchurch can now connect to UFB

Press Release – New Zealand Government

Hon Clare Curran Minister of Broadcasting, Communications and Digital Media 31 May 2018 EMBARGOED UNTIL 1800 THURSDAY 31/5/18 MEDIA STATEMENT All of Christchurch can now connect to UFB All residents of Christchurch and the surrounding areas can now … Read more »

NZ dollar rises against Aussie, steady vs USD

Article – BusinessDesk

NZ dollar rises against Aussie, steady vs USD on easing Italy worries By Rebecca Howard Read more »

Fletcher’s Laminex exits 10-year investment in Southland MDF

Article – BusinessDesk

Fletcher’s Laminex exits 10-year investment in Southland MDF plant with sale to Daiken Read more »

Scott Technology conditionally agrees to buy Transbotics

Article – BusinessDesk

May 31 (BusinessDesk) – Scott Technology has entered a conditional agreement to buy Transbotics, a US-based automated guided vehicle manufacturer. No price was disclosed. Read more »

Buy NZ Campaign Gets New Executive Director

Press Release – Buy NZ Made

Experienced business, marketing and e-commerce specialist Ryan Jennings has joined the BusinessNZ team as Executive Director of the Buy New Zealand Made Campaign. Read more »

Building facilities to cope with tourist numbers

Press Release – New Zealand Airports Association

Building facilities to cope with tourist numbers the real issue, say airports New Zealand faces huge challenges to build infrastructure to meet the tourist boom, and airlines need to get on board, says the New Zealand Airports Association (NZ Airports). Read more »

Tencent Mobility snaps up Grinding Gear Games

Article – BusinessDesk

May 31 (BusinessDesk) – Hong Kong-listed Tencent Mobility was granted Overseas Investment Office approval to buy up to 100 percent of video game developer Grinding Gear Games for more than $100 million. Read more »

OIO clears two yet-to-be announced deals

Article – BusinessDesk

May 31 (BusinessDesk) – The Overseas Investment Office has signed off on two deals involving public market transactions that have yet to be announced, although both involved domestic law firm Bell Gully. Read more »

Z stops providing plastic bags from tomorrow

Press Release – Z Energy

Z Energy service stations will stop providing single-use plastic bags to customers from tomorrow. Z has phased out the bags over the past 6 months, in response to a groundswell of support from Kiwis for ending New Zealands dependency on plastic … Read more »

Oceania Natural to quit NXT, in talks with investors

Article – BusinessDesk

May 31 (BusinessDesk) – Oceania Natural will quit NZX’s NXT market next month, pending shareholder approval, after two years on the bourse for minnows, saying the cost of staying listed is too much relative to its revenue. Read more »

Unprecedented agreement between forest owner and sawmill

Press Release – Joint Press Release

Unprecedented agreement between forest owner and local sawmill secures Northland jobs In an unprecedented move, representatives from China Forestry Group NZ and Waipapa Pine Ltd today entered into a long-term supply agreement that will see jobs for Kiwis … Read more »

Ara’s Kahukura Only NZ Building Honoured

Press Release – Ara

Aras new architecture and engineering school, Kahukura, has been awarded for its innovative learning environment design at an awards ceremony in Sydney. Read more »

NZ firms get even gloomier as profit expectations dwindle

Article – BusinessDesk

May 31 (BusinessDesk) – New Zealand business confidence got even gloomier in May as firms, especially retailers, expect slower activity and more are now anticipating earnings to shrink in the coming year. Read more »

MYOB formally withdraws merger application for Reckon

Press Release – Commerce Commission

MYOB Group Limited has today formally withdrawn its application to acquire the Accountants Group business of Reckon Limited (Reckon). Read more »

Business confidence continues to falter

Press Release – New Zealand National Party

Businesses have delivered a stinging appraisal of this months Budget as confidence in New Zealands economy continues to fall, Nationals Economic Development spokesperson Paul Goldsmith says. Read more »

2degrees lifts profit 33% in 2017 on increased revenue

Article – BusinessDesk

May 31 (BusinessDesk) – Telecommunications provider Two Degrees Mobile lifted net profit 33 percent in 2017, with revenue gains outpacing costs and the bottom line boosted by tax credits. Read more »

Tourism industry keen to discuss visitor tax

Press Release – Tourism Industry Aotearoa

Tourism industry keen to discuss visitor tax How and where any new tax on our international visitors will be spent are critical to tourism industry acceptance of the Governments plans, Tourism Industry Aotearoa says. In a speech at a tourism industry event today, … Read more »

Booster First into SRI Global Corporate Bonds Market

Press Release – Booster Financial Services

Wellington, 31 May 2018 Booster Financial Services continues to lead the way in socially responsible investments (SRI) by today confirming its commitment to seed a new global bond fund product. Read more »

New Code of Banking Practice published today

Press Release – Banking Ombudsman

New Code of Banking Practice published today The New Zealand Bankers Association has today published the sixth edition of the Code of Banking Practice. The sixth edition adopts a principles-based approach which the Banking Ombudsman Scheme (BOS) … Read more »

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