Final liability allocation for telecommunications providers

Press Release – Commerce Commission

The Commerce Commission has released its final decision confirming how much 22 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2013/14. Read more »

Commission concludes plasterboard investigation

Press Release – Commerce Commission

The Commerce Commission has completed its investigation into allegations that Winstone Wallboards Limited (a subsidiary of Fletcher Building) acted anti-competitively to maintain its market position in the manufacture and supply of plasterboard. Read more »

Kiwi Property buys Apex Mega Centre for $64 mln

Article – BusinessDesk

Dec. 22 (BusinessDesk) – Kiwi Property Group, formerly Kiwi Income Property Trust, has agreed to buy Apex Mega Centre for $64 million as it expands its retail footprint. Read more »

NZ consumer confidence dips on grimmer dairy forecast

Article – BusinessDesk

Dec. 22 (BusinessDesk) – New Zealand consumer confidence fell in the fourth quarter, particularly in rural and provincial areas as prospects for a low dairy payout take their toll despite falling petrol prices and lower mortgage rates. Read more »

NZ Oil & Gas buys 19.99% of Cue Energy from Todd for A$14M

Article – BusinessDesk

NZ Oil & Gas buys 19.99% of Cue Energy from Todd for A$13.96 mln Read more »

Kiwis take to technology to beat the Christmas rush

Press Release – Colmar Brunton

With the Christmas shopping rush in its final week, new research confirms that Kiwis are increasingly more reliant on technology to shop and are even becoming less resistant to the idea of contactless payment using a mobile phone. Read more »

Cover-More and IAG form travel insurance partnership

Press Release – Cover-More New Zealand

New Zealands leading specialist travel insurance and medical assistance provider, Cover-More, today announced their new partnership with Insurance Australia Group (IAG) in New Zealand. Read more »

Clearance for Connor to acquire shares in Acurity

Press Release – Commerce Commission

The Commission has given clearance to Connor Healthcare Limited to acquire all of the shares in Acurity Health Group Limited that Connor does not already own, subject to Evolution Healthcare (NZ) Pty Ltd divesting shares in Connor after the takeover. … Read more »

Judgment: Zurich Insurance v Cognition Education

Press Release – NZ Supreme Court

Cognition Education Ltd (Cognition) had several contracts with the Abu Dhabi Education Council (the Council) for the provision of management services for public schools. It took out contract frustration cover with Zurich Australian Insurance Ltd (Zurich). … Read more »

Fairer timeframes now in place for copper pricing

Press Release – Internet NZ

InternetNZ is pleased to see that the Commerce Commission has seen reason around timing of its FPP. Read more »

New reports show value of growing Māori agribusiness

Press Release – New Zealand Government

Primary Industries Minister Nathan Guy has released two reports today showing good progress in developing the potential of Mori agribusiness. These reports confirm the importance of partnering with Iwi, Mori asset owners, local communities and … Read more »

Christchurch spending continues to grow

Press Release – Statistics New Zealand

Christchurch’s growth in retail and hospitality spending continues to outpace that at the national level, Statistics New Zealand said today. For Christchurch city, after seasonal fluctuations are removed, retail and hospitality sales increased 1.2 … Read more »

TUANZ welcomes further clarification by Commerce Commission

Press Release – TUANZ

The Commerce Commission’s release today of a process paper and their emerging view on backdating around the current FPP process is a welcome clarification. While the pushing out of the final decision date to September 2015, is not necessarily the … Read more »

Toyshops competing for toys online market share

Press Release – FIRST digital

FIRST, a leading digital marketing agency specialised in conversion rate optimisation, Analytics, Search and Digital Strategy, has just released a new industry report showing how visible toy stores are within Googles Search Engine. Read more »

LIC announces joint venture with Brazilian distributor

Press Release – Livestock Improvement Corporation

LIC has purchased the majority interest of its Brazilian genetics distributor, NZ Brasil Genetics Producao Animal Ltda. The joint venture (JV) includes exclusive supply of the farmer-owned co-operatives dairy genetics for an initial period of 10 years, … Read more »

Lightbox Sport joint venture kicks off

Press Release – Lightbox

Online TV service Lightbox and Coliseum Sports Media today announced a joint venture partnership to bring premium sport content to more New Zealanders. The venture will be called Lightbox Sport and will include 100% of Coliseum Sports Medias New Zealand … Read more »

Backdating prices for Chorus’ copper lines and broadband

Press Release – Commerce Commission

The Commerce Commission has today published its emerging view on backdating the final prices that Chorus charges for its local copper lines and broadband service. Read more »

NZ dollar dips as GDP growth revised down, Fed eyes rates

Article – BusinessDesk

Dec. 18 (BusinessDesk) – The New Zealand dollar dipped after the country’s pace of economic growth was revised down, though continued to beat expectations, and as the Federal Reserve gets closer to making a call on whether to hike interest rates. Read more »

Callaghan, NSC funding knocked in science plan submissions

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s … Read more »

Government Must Bring in the Experts to Sort Strait Ferries

Press Release – New Zealand First Party

New Zealand First is calling on the government to bring in maritime experts to sort out the Cook Strait ferries, including the ships, the management and command structure. Read more »

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