Network summary for week ending 28 June 2015

Press Release – Vector Limited

A meter board caught fire in Manukau during the week and our contractors isolated power to it for safety. Power was isolated to seven house/building fires during the week, in Muriwai, Papatoetoe Central, Mt Albert, Tamaki, Favona, Glen Innes and Ranui. Read more »

R&D subsidies make firms nearly twice as innovative

Press Release – Motu Economic and Public Policy Research

The Government spends millions per year on direct subsidies for research and development (R&D) in New Zealand businesses. Read more »

Successful innovation needs more than just R&D

Press Release – Productivity Commission

Kiwi firms need the tools to make the most of any increase in business research and development (R&D), according to new research by the Productivity Commission. Under the Business Growth Agenda the Government has committed to a target of increasing … Read more »

SeaDragon streamlines Board

Press Release – SeaDragon

SeaDragon streamlines Board Board reduced to five with focus on supply chain and production; outgoing CEO named Honorary President SeaDragon Limited (NZX:SEA) today announces a number of Director changes as it adds production and supply chain management … Read more »

Pushpay secures R&D Project Grant

Press Release – Pushpay

Pushpay Holdings Limited (NZSX:PAY) (Pushpay) is pleased to announce that it has secured a Research and Development (R&D) Project Grant from Callaghan Innovation. Read more »

Air New Zealand adds extra flights for rugby final

Press Release – Air New Zealand

Air New Zealand has responded to high customer demand for next weekends Super Rugby final in Wellington, with additional services to and from Dunedin. Read more »

Queenstown Winter Festival Closes with Spectacular Carnival

Press Release – Queenstown Winter Festival

The 10 day American Express Queenstown Winter Festival comes to a spectacular close this evening with the Auckland Airport Community Carnival. Read more »

Land of milk and money

Press Release – New Zealand Labour Party

Kiwi families are paying over the top prices for their milk and someone is creaming off big profits, says Labours Consumer Affairs spokesperson David Shearer. Read more »

Upgrade for Newlands Town Centre

Press Release – Justin Lester

Work will commence in July to complete the extensive work that has gone into McMillan Court in the Newlands mall shopping centre to make it a more attractive and inviting shopping destination. Read more »

Beekeeping Industry Unification goes ahead

Press Release – Federated Farmers

Federated Farmers Bees, Honey Packers and Exporters Association and National Beekeepers Association have voted by a substantial majority to proceed with unifying the Apiculture industry and their associations at the New Zealand Apiculture Conference in Taupo … Read more »

EverEdgeIP raises millions to fuel further expansion

Press Release – EverEdgeIP

Auckland headquartered EverEdgeIP, a top intellectual property strategy and transaction firm, has completed a second capital raise, bringing on major new investors, including Sir Ralph Norris. Read more »

HiFX Weekly FX Technical Report

Press Release – HiFX

NZD/USD Last Price: 0.6887 Daily: Oversold but rebounds continue to prove corrective Weekly: Directly negative NZD tone intact beneath 0.7025 Support 1: 0.6820/30 Support2: 0.6740/50 Resistance1: 0.6945/55 Resistance2: 0.7025/35 Read more »

Reserve Bank Bulletin

Press Release – Reserve Bank

Reserve Bank Bulletin covers recent history of bank capital requirements The Reserve Bank today published an article in the Reserve Bank Bulletin that describes the Reserve Banks implementation of the Basel III capital requirements. Capital requirements … Read more »

Banks enter Dragon’s Den for Govt’s mental health experiment

Press Release – New Zealand Labour Party

Overseas banks and their preferred providers were asked to pitch their ideas for bankrolling the Governments social bonds scheme to a Dragons Den-style panel, Labours Health spokesperson Annette King says. Read more »

Tourism in Hawke’s Bay set to hit new heights

Press Release – Hawke’s Bay Tourism

Tourism in Hawkes Bay set to hit new heights with increased funding announced by HBRC Read more »

Auckland rental prices boiling while Christchurch cools

Press Release – Trade Me Property

As rent increases slow in much of the country, Auckland is forging its own path with the median weekly rent reaching yet another high, up to $490 per week for May. Rents in Auckland have increased by 6.5 per cent in the year to May 2015, ahead of the … Read more »

NZ farmer confidence slumps to decade-low on dairy woes

Article – BusinessDesk

June 23 (BusinessDesk) – New Zealand farmer confidence slumped to the lowest level in a decade in the second quarter as dairy farmers turned gloomy. Read more »

AIA New Zealand Reports Net After-tax Profit of $16.7

Press Release – AIA

AIA New Zealand has announced 21 per cent growth in underlying profit, an improvement to $9.8 million for the 12 months to 30 November 2014 from $8.1 million in the prior year. The growth in underlying profit was mainly a result of improved operating and … Read more »

Payment times plummet

Press Release – Dun and Bradstreet

Commercial cash flow appears to be in rude health, with analysis of invoice payments revealing that businesses are paying each other with record speed, although continued falls in dairy prices are expected to affect future performance. Read more »

SBS Bank delivers record full-year results

Press Release – SBS Bank

SBS Group has reported a record operating surplus of $26.1 million for the financial year to 31 March 2015, an increase of 18.3% on FY14, and a record net surplus of $19.4 million, an increase of 24.3% on FY14. Read more »

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