Business Scoop


Turners drops Buy Right Cars moniker in brand strategy

Article – BusinessDesk

April 18 (BusinessDesk) – Turners Automotive has adopted a single-brand strategy for its used car network and will rebrand its Buy Right Cars in an effort to cut marketing costs and latch on to Turners Cars’ high level of national recognition. Read more »

Wrightson gets OIO approval to sell seeds unit

Article – BusinessDesk

April 18 (BusinessDesk) – PGG Wrightson has cleared the final hurdle to sell its seeds division to DLF Seeds for $434 million after securing Overseas Investment Office approval, but still hasn’t figured out how much to return to shareholders. Read more »

ComCom favours deregulating Spark copper voice service

Article – BusinessDesk

April 17 (BusinessDesk) – The Commerce Commission is leaning towards deregulating Spark New Zealand’s resale copper voice services, as dwindling customer numbers indicate enough alternatives are available. Read more »

MBIE reinstates Fuji Xerox as a government supplier

Article – BusinessDesk

April 17 (BusinessDesk) – The government has reinstated Fuji Xerox as a supplier despite an ongoing Serious Fraud Office investigation into accounting irregularities that led to losses of more than $300 million. Read more »

SOUR MILK – There is a sour side to our white gold

Press Release – Extinction Rebellion NZ

Extinction Rebellion (XR) Wellington will be taking action at Parliament at 3pm on the 17th of April 2019 to draw attention to the sour side of our white gold. Esteemed freshwater ecologist Dr. Mike Joy will be speaking about the issues of intensive … Read more »

Vector appoints three new directors

Article – BusinessDesk

April 16 (BusinessDesk) – Vector has at last found replacements for three of its directors ousted last year amid turmoil within its 75.1 percent shareholder, Entrust. Read more »

Restaurant Brands cans final dividend to fund growth plans

Article – BusinessDesk

April 16 (BusinessDesk) – Restaurant Brands New Zealand won’t pay a final dividend after lifting annual earnings 3.3 percent, saying it wants to retain cash for a record capital spending programme that includes the roll-out of 60 Taco Bell stores across … Read more »

STAAH wins APAC Top Connectivity Partner Award

Press Release – STAAH

[Auckland, April 16th 2019] The overall value STAAH has provided to the industry in APAC markets has this week been recognized, at the first of its kind award function, by held at the Singapore Connectivity Exchange. Read more »

FMA alleges market manipulation by Oceania Natural directors

Article – BusinessDesk

April 15 (BusinessDesk) – Three directors of Oceania Natural, a marketer of Manuka honey products and noni juice, are among four individuals facing legal action from the Financial Markets Authority. Read more »

Icehouse Ventures a huge leap forward for entrepreneurs

Press Release – The Icehouse

AUCKLAND, April 15, 2019: The Icehouse is powering up its impact on New Zealand entrepreneurs by today announcing new investment partners have come on board to form Icehouse Ventures, a new company to be launched 1 May that will accelerate … Read more »

2degrees launches new unlimited mobile plan

Press Release – 2 Degrees Mobile

2degrees has launched a new Unlimited* mobile plan that lets its customers hotspot or tether for free, and team up with family or friends to pay as little as $40 per month, per person. Read more »

Spark fined $675,000 for misleading consumers

Press Release – Commerce Commission

Retail telecommunications provider Spark New Zealand Trading Limited (Spark) has been fined $675,000 for making false or misleading representations in its customer invoicing, and when making a $100 credit offer to new customers. Read more »

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