Hellaby Settles $81 Million Sale of Equipment Group

Press Release – Hellaby Holdings

Hellaby Holdings Limited (NZX: HBY) advises that the $81 million sale of its Equipment Group to Maui Capitals Aqua Fund has now settled and funds have been received as scheduled. Read more »

Bapcor Hellaby Takeover a Logical Step

Press Release – Bapcor Limited

30 September 2016: Listed Australian automotive aftermarket parts business Bapcor Limited (ASX:BAP) says its proposed takeover offer for Hellaby Holdings Limited (NZX:HBY) is a logical step in the long-standing relationship between the two companies. Read more »

Quench Collective – There’s a New Collective in Town!

Press Release – Sacred Hill

Sacred Hill Wine Company (SHWC) is excited to announce its rebrand to Quench Collective , effective 1 October 2016. The new look and name, no longer brand or beverage specific, allows flexibility and diversification for building the business in the future. Read more »

Overseas Investment Office puts Ceol & Muir on notice

Press Release – Land Information NZ

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station … Read more »

Commerce appointments announced

Press Release – New Zealand Government

Commerce and Consumer Affairs Minister Paul Goldsmith has today announced the appointment of Ainsley McLaren to the Financial Markets Authority (FMA) Board and the reappointment of Sir Bruce Robertson and Simon Hassan to the Disciplinary Committee under the Financial … Read more »

DHL Express announces its 2017 rate adjustments

Press Release – DHL Express NZ

Auckland, September 29, 2016: DHL Express, the worlds leading international express services provider, today announced its annual general average price increase, effective January 1, 2017. In New Zealand, the average price increase will be 4.9%. Read more »

Milford sells down stake in Wynyard as shares slump

Article – BusinessDesk

Sept. 28 (BusinessDesk) – Milford Asset Management has reduced its holding in crime fighting software company, Wynyard Group, taking its ownership to 5.7 percent from 7.6 percent in December last year. Read more »

Seadragon’s talks with new cornerstone investor collapse

Article – BusinessDesk

Sept. 28 (BusinessDesk) – Seadragon, the fish-oil refiner, has warned investors that preliminary talks with a potential new cornerstone investor have failed. Read more »

Ombudsman Scheme releases 21st Annual Report

Press Release – Insurance and Financial Services Ombudsman

21 years experience resolving complaints can help to improve businesses and empower customers, says the Insurance & Financial Services Ombudsman Scheme. Read more »

Sales Concepts admits false Christmas delivery promise

Press Release – Commerce Commission

Mobile trader Sales Concepts Limited (Sales Concepts) has pleaded guilty to 10 charges in the Auckland District Court brought by the Commerce Commission under the Fair Trading Act 1986 (FTA) for misleading consumers. Read more »

Online retail continues to attract consumers

Press Release – New Zealand Government

The 2016 Commerce Commission Consumer Issues Report released today shows the impact of continued growth in online retail says Commerce and Consumer Affairs Minister Paul Goldsmith. Read more »

UPDATE: Hellaby shares climb 8.6%

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Hellaby Holdings shares climbed 8.6 percent to $3.29, just below the price offered by Australian-listed autoparts firm Bapcor’s $322.5 million takeover bid. Read more »

Reliance on internet reflected in latest customer complaints

Press Release – NZ Telecommunications Forum – TCF

Telecommunications services have become a key staple of modern life. As consumers, we expect fast, ubiquitous access to the internet that allows us to get on with our digitally-connected lives. Read more »

Vodafone responds to consumer issues with enhanced customer

Press Release – Vodafone NZ

The Commerce Commission today released its Consumer Issues 2016 paper, detailing information about complaints received in 2015. Read more »

Latest Newmarket results augurs well

Press Release – Newmarket Business Association

The Newmarket precinct has delivered yet another solid year of trading with results released from the Newmarket Business Association reinforcing its status as a premier fashion, shopping and entertainment destination. Read more »

Commission releases 2016 Consumer Issues Report

Press Release – Commerce Commission

The Commerce Commission has released its 2016 Consumer Issues Report, presenting a picture of issues affecting New Zealand consumers. Read more »

Bapcor mounts $322.5 mln takeover bid for Hellaby

Article – BusinessDesk

Sept. 27 (BusinessDesk) – ASX-listed autoparts firm Bapcor has mounted a $322.5 million takeover bid for NZX-listed Hellaby Holdings as it looks to extend its reach into New Zealand’s local auto market. Read more »

Hutt Valley business confidence positive

Press Release – Hutt Valley Chamber of Commerce

Hutt Valley business confidence in New Zealands economy has significantly improved according to the latest Hutt Valley Chamber of Commerce Business Confidence Survey, sponsored by Red Hot Business Coaching. Read more »

Pyne Gould, Bath Street agree to drop High Court claims

Article – BusinessDesk

Sept. 26 (BusinessDesk) – Pyne Gould Corp and Bath Street Capital won’t go to court over what’s owed in relation to Pyne Gould’s sale of Perpetual Trust. Read more »

Clarifying ‘supplier’ in the Consumer Guarantees Act

Press Release – Commerce Committee

The Consumer Guarantees (Removal of Unrelated Party Lender Responsibility) Amendment Bill seeks to amend the definition of ‘supplier’ in the current Consumer Guarantees Act 1993. Read more »

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