Takeover of Lyttelton Port Shares Completed

Press Release – Christchurch City Holdings Limited

Christchurch City Holdings Limited (CCHL) has today completed the acquisition of the remaining shares in Lyttelton Port Company (LPC) with the conclusion of the compulsory acquisition process. Read more »

Dorchester closes oversubscribed $30M capital raise

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Dorchester Pacific, the finance company midway through a takeover for Turners Group, has closed its $30 million capital raising saying the offer was oversubscribed. Read more »

Sky TV to launch $20/month subscription ondemand service

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Sky Network Television, the country’s dominant pay-TV operator, will launch a new $20 a month subscription video ondemand service, Neon, in December, targeting non-Sky customers as it faces intensifying competition for viewers. Read more »

Mighty River Power Operational Update: 30 Sept 2014

Press Release – Mighty River Power

Mighty River Powers operating statistics for the quarter to 30 September 2014 demonstrate a lift in total generation by 10% (170GWh) on the prior comparable period (pcp). Hydro generation was up 66GWh to 929GWh but below average due to a continuation … Read more »

Niue Tourism Welcomes Second Service and Hotel Brand

Press Release – Niue Tourism

Niue Tourism is welcoming the continuation of Air New Zealands second seasonal service to the island commencing April 2015. The second service will start a month earlier than the previous year enabling valuable additional capacity for the April … Read more »

GODZone Announces Technology Partnership for Live Tracking

Press Release – 100 Precent PURE Racing Queenstown NZ

New Zealands premier expedition adventure race is delighted to announce a partnership with leading industry technology company, YB Tracking, who will provide live website tracking of teams racing in the 2015 GODZone event in Wanaka next March. Read more »

Sealegs turns first-half profit

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Sealegs Corp, which makes amphibious boats, turned a first-half profit after strong local demand underpinned a pick-up in sales, and as it taps new markets in South America. Read more »

“China Ready” seminars back by popular demand

Press Release – Christchurch Airport

Increasing numbers of Chinese visitors arriving into Christchurch Airport has seen southern tourism and business operators sign up for seminars which help them roll out the welcome mat. Read more »

Connor Gains Overseas Investment Office Approval

Press Release – Connor Healthcare

Connor Healthcare Limited (Connor) today advised that it had now obtained Overseas Investment Office (OIO) consent for its $7.25 per share cash takeover offer for Acurity Health Group Limited. Read more »

Dairy continues to drive exports down

Press Release – Statistics New Zealand

The seasonally adjusted value of exported goods fell 3.0 percent, to $12 billion, in the September 2014 quarter, Statistics New Zealand said today. Imports rose 3.7 percent, to $13 billion. Read more »

NZ trade deficit widens in Sept amid lower log, dairy prices

Article – BusinessDesk

Oct. 24 (BusinessDesk) – New Zealand’s monthly trade deficit widened more than expected in September as falling prices for logs and dairy products weighed on exports while imports were boosted by an incoming aircraft. Read more »

NZ dollar drops to week-low as lower inflation seen weighing

Article – BusinessDesk

Oct. 24 (BusinessDesk) – The New Zealand dollar declined to a week-low after data yesterday showed inflation accelerated at a slower than expected pace in the third quarter, suggesting interest rates may stay at current levels for longer. Read more »

RESEND: NZ dollar falls as benign inflation weighs on kiwi

Article – BusinessDesk

Oct. 23 (BusinessDesk) – The New Zealand dollar fell after figures showed inflation in the third quarter was slower than the Reserve Bank had forecast, giving it less reason to resume raising interest rates after pausing its tightening cycle in July. Read more »

More collaborative Roading professional services contract

Press Release – Thames Coromandel District Council

Starting Saturday 1 November, Opus International Consultants Ltd (Opus) will deliver our Professional Services contract for a three year term, with the option of two further one year extensions of contract. Read more »

CarbonScape seeks $1.5M from crowd with ‘green coke’ offer

Article – BusinessDesk

Oct. 23 (BusinessDesk) – CarbonScape, which makes “green” coking charcoal, wants to raise as much as $1.5 million from equity crowd funding to commercialise its product for the steel manufacturing market. Read more »

NZ Yarn acquires Christchurch Yarns

Press Release – Elders Primary Wool

In a joint release, NZ Yarn and the Receiver for Christchurch Yarns have today announced the NZ Yarn offer has gone unconditional in acquiring the business of Christchurch Yarns. Read more »

Cavalier Wool Holdings merger with NZWSI

Press Release – Commerce Commission

The Commerce Commission has received an application from Cavalier Wool Holdings Limited (Cavalier) seeking authorisation to acquire New Zealand Wool Services International Limiteds (WSI) wool scouring business. Read more »

ANZ gets behind Grand Designs New Zealand

Press Release – ANZ New Zealand

ANZ New Zealand and TV3 have formed a production partnership to create the New Zealand version of the hit British show Grand Designs , the bank announced tonight. Read more »

Exciting new Hastings Growers Market to start 29th November

Press Release – Hastings City Business Association

Hastings District Council have today approved a road closure that will see the launch of a new Hastings City Growers Market every Saturday morning from 7am until 10.30am to be held in the streets of the 100 and 200 blocks of Heretaunga St East. Read more »

General Revaluation report received by councillors

Press Release – Auckland Council

The Finance and Performance committee this morning received the 2014 General Revaluation report, which shows average residential capital value increases of 34.8 per cent since 2011. Read more »

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