Reduced viewpoints in media merger not ComCom’s concern

Article – BusinessDesk

Oct. 17 (BusinessDesk) – The Commerce Commission shouldn’t have considered reduced media plurality in deciding to reject the merger of Stuff and NZME, the media companies’ lawyer told the court. Read more »

ASX-listed HRL Holdings expands Kiwi footprint

Article – BusinessDesk

Oct. 17 (BusinessDesk) – ASX-listed HRL Holdings will expand its reach on this side of the Tasman after agreeing to buy local food testing firm Analytica Laboratories for as much as $30 million. Read more »

Statement of Preliminary Issues released for Daiken/Dongwha

Press Release – Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to the proposed acquisition of Dongwha New Zealand Limited by Daiken New Zealand Limited. Read more »

MBIE launches new investigations on Chinese steel dumping

Article – BusinessDesk

Oct. 16 (BusinessDesk) – The Ministry of Business, Innovation and Employment is taking a new look at claims Chinese steel imports are being dumped in the local market after Australian-owned New Zealand Steel complained it’s being unfairly undercut by Asian … Read more »

ComCom went outside its role in rejecting StuffMe merger

Article – BusinessDesk

Oct. 16 (BusinessDesk) – The Commerce Commission overreached its statutory mandate when it rejected a possible merger between New Zealand’s two largest print media companies, Wellington’s High Court has heard. Read more »

T&G Global looks to sell food processing T&G Foods unit

Article – BusinessDesk

Oct. 16 (BusinessDesk) – T&G Global, the fruit marketing firm controlled by Germany’s BayWa, wants to sell its food processing subsidiary T&G Foods as the apple processing business has been hurt by a decline in fruit volumes and a slide in apple juice concentrate … Read more »

Commerce Commission Reports on Fonterra’s Milk Price Manual

Press Release – Commerce Commission

The Commerce Commission today released its draft report on its annual review of Fonterras Milk Price Manual for the 2017/18 dairy season. The manual sets out Fonterra methodology for calculating the price it will pay farmers per kilogram of milk solids. Read more »

FMA files charges for insider trading

Article – BusinessDesk

Oct. 11 (BusinessDesk) – The Financial Markets Authority has filed criminal charges against a person in the Auckland District Court, accusing them of insider trading in mobile voucher firm Plexure Group, then called VMob. Read more »

NZ’s telecommunications sector ‘incredible price pressure’

Article – BusinessDesk

Oct. 11 (BusinessDesk) – New Zealand’s telecommunications market is seen expanding at a 1.4 percent annual pace over the next five years, belying the intense competition and price pressures in both fixed and mobile services, according to IDC. Read more »

Bapcor sells footwear, resources divisions from Hellaby

Article – BusinessDesk

Oct. 11 (BusinessDesk) – ASX-listed Bapcor has sold its Hannahs, Number 1 Shoes, and Contract Resources businesses to undisclosed buyers and will likely reap about $92 million from the unwanted Hellaby Holdings assets. Read more »

ASX-listed IPH acquires NZ law firm AJ Park for $66M

Article – BusinessDesk

Oct. 11 (BusinessDesk) – ASX-listed IPH Ltd said it has acquired New Zealand intellectual property law firm AJ Park for $66 million. Read more »

FMA encourages financial institutions to trade bank bills

Article – Financial Markets Authority

The Financial Markets Authority has issued guidance around trading in bank bills in an attempt to keep current market participants and encourage former traders back into the market. Read more »

Pacific Edge to raise $21.3M in deeply discounted offer

Article – BusinessDesk

Oct. 11 (BusinessDesk) – Pacific Edge wants to raise $21.3 million in a deeply discounted rights issue, which it says will fund the cancer diagnostics firm’s goal of breaking even on a cash flow basis in the March 2019 year. Read more »

Serko and GTA Strike Strategic Partnership

Press Release – Serko

Auckland, New Zealand. 11 October 2017 Serko Ltd . ( SKO.NZ ), a leader in online travel booking and expense management for business, today announced a new strategic partnership with Gullivers Travel Associates (GTA), a world leader in the provision … Read more »

Ignite Wanaka Business Awards Finalists Announced

Press Release – Wanaka Chamber of Commerce

Finalists for the inaugural Ignite Wanaka Business Awards have been announced, with judges impressed by innovation, passion and strong financial performance among entrants. Read more »

Renaissance Brewing up for sale

Article – BusinessDesk

Oct. 10 (BusinessDesk) – Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. Read more »

UPDATE: OGOG wins NZOG’s blessing

Article – BusinessDesk

Oct. 9 (BusinessDesk) – OG Oil & Gas has sweetened its partial takeover bid for New Zealand Oil & Gas, winning over the Kiwi energy explorer’s independent directors. Read more »

Goadby teams up with Fairfax for ‘at-cost’ energy ‘club’

Article – BusinessDesk

Oct. 9 (BusinessDesk) – Former Genesis Energy retail head David Goadby has teamed up with Fairfax Media to start an energy ‘club’ he says will charge membership fees in exchange for selling electricity at cost price to members who are in Vector’s … Read more »

OGOG wins NZOG’s blessing after lifting offer by 1 cent

Article – BusinessDesk

OGOG wins NZOG’s blessing after lifting offer by 1 cent a share By Paul McBeth Read more »

Massey Survey Shows ‘Amazon Effect’ Spooks Local Retailers

Press Release – Massey University

Massey Universitys latest Big Issues in Retail survey shows business confidence has declined since 2016, with the Amazon effect cited as the main reason for uncertainty. Read more »

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