Michael Cullen and Mike O’Brien: Menace of social investment

Press Release – New Zealand Fabian Society

Sir Michael Cullen and Mike OBrien – The menace of the social investment approach! – Thurs May 4th – Auckland Read more »

Authorisation for Nelson and Tasman Councils’ joint landfill

Press Release – Commerce Commission

Issued 24 April 2017 Release No. 102 Commission grants authorisation to Nelson and Tasman Councils joint landfill application The Commerce Commission has granted authorisation, subject to conditions, to allow the Nelson City Council and the Tasman … Read more »

Gentrack buys controlling stakes in airport software firms

Article – BusinessDesk

April 24 (BusinessDesk) – Gentrack Group wants to double earnings from its airport software business by 2019 after buying controlling stakes in two European companies for some $19.8 million. Read more »

NZ Super Fund writes off investment in Ogin

Article – BusinessDesk

April 21 (BusinessDesk) – The New Zealand Superannuation Fund has completely written off the value of its investment in US wind turbine company Ogin which is in the process of being wound down. Read more »

Christchurch Airport to boost Chinese visitor spending

Press Release – Christchurch Airport

21 April 2017: Christchurch Airport has signed a Memorandum of Understanding with Alibaba, the worlds largest retail commerce company, to connect small and regional New Zealand businesses with Chinese visitors before, during and after their visit, … Read more »

UPDATE: Abano in spat with biggest shareholde

Article – BusinessDesk

April 20 (BusinessDesk) – Abano Healthcare Group’s spat with its biggest shareholder Healthcare Partners Holdings degenerated into public accusations of lying as the parties prepare to face each other in the court room over a $566,000 bill. Read more »

Cooks Global Food on track to extend coffee house network

Article – BusinessDesk

April 20 (BusinessDesk) – Cooks Global Food, which owns the master franchise rights for the Esquires Coffee chain outside New Zealand and Australia, says it’s on track to boost its coffee house network by more than 40 percent by the end of the 2018 … Read more »

Healthcare Partners Ready And Waiting to Pay Abano

Press Release – Healthcare Partners

New Zealand, 20 April 2017: Healthcare Partners Ltd is committed to paying the appropriate share of costs incurred by Abano in its response to Healthcares bid for a 50.01% shareholding in the company. Read more »

$30 mln kiwifruit orchard investment

Article – BusinessDesk

April 20 (BusinessDesk) – Maori trustee Te Tumu Paeroa and Bay of Plenty Regional Council investment arm Quayside Holdings plan to spend $30 million to build 10 kiwifruit orchards on Maori land in the next year and a half. Read more »

Confident TAG Oil commits C$27.4M to capex in 2017/18

Article – BusinessDesk

April 20 (BusinessDesk) – Vancouver-based onshore Taranaki oil and gas explorer and producer TAG Oil is forging ahead with capital expenditure of C$27.4 million of exploration, production and work-over projects, with another C$8.4 million available if farm-in … Read more »

New Finance Minister to meet Kapiti businesses

Press Release – Kapiti Coast Chamber Of Commerce

Hon Steven Joyce will make his first visit to Kapiti as Finance Minister next week to speak to Kapitin based businesses, ahead of his first Budget in May. Read more »

ENERGY STAR retires

Press Release – EECA

The ENERGY STAR label, which gives consumers a guide to appliances with superior energy efficiency, is going to be retired by the end of this year. Read more »

NZ Q1 Consumer Price Inflation Release

Press Release – HiFX

The NZ Consumer Price Index (CPI) for Q1 has just been released. The CPI came in higher than expected . NZ CPI Q1/Annual: Headline Q1 CPI +1.0% / +2.2% Consensus 0.9% / +2.1% Non-tradables CPI +1.0% / +2.5% versus previous quarter Tradables CPI … Read more »

Annual inflation highest in over five years

Press Release – Statistics New Zealand

The consumers price index (CPI) increased 2.2 percent in the year to the March 2017 quarter, Stats NZ said today. This is the highest annual increase since the September 2011 quarter, the last quarter affected by the rise in GST from 12.5 to 15 percent. Read more »

Gregg’s on the block

Article – BusinessDesk

April 19 (BusinessDesk) – Ownership of two of New Zealand’s oldest food brands, Gregg’s and Raro, is up for grabs as the Japanese owner of the Cerebos businesses in New Zealand and Australia puts them up for sale. Read more »

Movement to end late payments gathers pace

Press Release – MYOB

Late payments to small business could soon be a thing of the past according to accounting software provider MYOB. Read more »

Fletcher break-up talk resurfaces after recent share slump

Article – BusinessDesk

April 18 (BusinessDesk) – Speculation about a break-up or buyout of Fletcher Building has re-emerged with investment banks said to be working on pitches on the other side of the Tasman, according to an Australian media report. Read more »

Matrix Capital sells to Silicon Valley’s TCV

Article – BusinessDesk

April 18 (BusinessDesk) – US hedge fund Matrix Capital Management sold down its stake in Wellington-based software developer Xero, selling to Silicon Valley tech investor TCV Read more »

Warehouse to sell Newmarket property for $65 million

Article – BusinessDesk

April 18 (BusinessDesk) – Warehouse Group has entered into an unconditional contract to sell its Newmarket property in Auckland for $65 million and said the proceeds will be used to reduce debt. Read more »

Orion Health signs five-year, $9.3M deal in Dorset

Article – BusinessDesk

April 18 (BusinessDesk) – Orion Health signed a $9.3 million five-year contract to license its Amadeus precision medicine platform to Dorset County Council in England as the software developer fends off suggestions its chief executive should step aside … Read more »

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