Scott Technology agrees to buy Alvey Group

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Scott Technology has agreed to buy European industrial automation specialist Alvey Group for 12.1 million euro, speeding up its expansion drive and access to international markets. Read more »

Supplements producer warned over “Pharmacy Strength” claims

Press Release – Commerce Commission

The Commerce Commission has issued a warning to Endeavour Consumer Health Limited (Endeavour) over its use of the term Pharmacy Strength in marketing its Red Seal Pharmacy Strength range of nutritional supplements. Read more »

Meccano menswear chain enters Voluntary Administration

Press Release – KordaMentha

KordaMentha partners, Grant Graham and Neale Jackson, have been appointed Voluntary Administrators by the Board of menswear clothing retailer, Meccano 2016 Limited, trading as Meccano. Read more »

Stellar Line Up for Low Emissions Conference

Press Release – Energy Management Association

The Energy Management Association of New Zealand today revealed its first release of speaker details for its landmark conference in Auckland in May. Read more »

ANZ extends Veritas’ debt for a third time

Article – BusinessDesk

Feb. 20 (BusinessDesk) – ANZ Bank New Zealand has extended Veritas Investment’s debt deadline for the third time as the company seeks shareholder approval to sell the Mad Butcher master franchisor business and continue discussions on other asset sales. Read more »

Gamblers spent $125 million more in FY 2016/17

Press Release – Department Of Internal Affairs

Gamblers in New Zealand spent $2,334 million dollars on the four main forms of gambling in the 2016/17 financial year, $125 million (5.7 per cent) more than the previous year, according to figures compiled by the Department of Internal Affairs. Spending … Read more »

If you can’t back it up, don’t say it

Press Release – Commerce Commission

The Commerce Commission has released a new video , giving guidance to traders on false, misleading or unsubstantiated claims and how to avoid making them. Read more »

InternetNZ seeks modern balance for copyright law

Press Release – InternetNZ

“The Internet has opened up new opportunities for creative New Zealanders. Our paper points to those opportunities, and suggests that getting copyright right would help us to realise their benefits,” says Chief Executive Jordan Carter. Read more »

Goodman Property offers to sell up to $100M of bonds

Article – BusinessDesk

Feb. 19 (BusinessDesk) – Goodman Property Trust, the NZX-listed commercial and industrial property investor, is offering to sell as much as $100 million of bonds to further diversify its funding sources and reduce bank debt. Read more »

Consumer NZ sunscreen complaint results in action

Press Release – Consumer NZ

A Consumer NZ complaint about a sunscreen that failed to meet its label claims has resulted in manufacturer Johnson & Johnson agreeing to only sell products that meet the joint Australian and New Zealand standard. Read more »

Supercrete Auckland director fined $37,500

Press Release – Commerce Commission

The former director of Supercrete Auckland Limited (Supercrete) has been fined $37,500 for misrepresenting generic Chinese cladding as the premium Australian-made Hebel brand. Read more »

Statement released for Rhone/Fluidra merger

Press Release – Commerce Commission

The Commerce Commission has published a Statement of Preliminary Issues relating to Rhone Capital LLCs (Rhone) proposed acquisition of Fluidra S.A. (Fluidra). Read more »

Drought recovery focuses on feed

Press Release – New Zealand Government

Hon Damien OConnor Minister for Agriculture and Rural Communities 16 February 2018 MEDIA STATEMENT Rain has brought relief to some drought-affected regions but farmers need to carefully review their feed budgets and plans for winter, says Agriculture … Read more »

Deloitte South Island Index continues steady growth

Press Release – Deloitte

South Island listed firms market capitalisation grew 9.0% in the quarter to 31 December 2017 Quarter ending 31 December 2017 was the Indexs strongest quarter of growth during the calendar year The Deloitte South Island Index has continued … Read more »

Faafoi revives plan to impose criminal sanctions on cartels

Article – BusinessDesk

Feb. 15 (BusinessDesk) – Commerce and Consumer Affairs Minister Kris Faafoi today tabled legislation reviving plans that would criminalise cartels, attaching harsher penalties including the threat of jail. Read more »

Taxpayers Being Fleeced Of $3 Billion

Press Release – Democrats for Social Credit

Yesterdays release of the latest KPMG Financial Institutions Performance Survey review shows New Zealand taxpayers are being fleeced of more than $3 billion dollars annually. Read more »

Staples Rodway announces two new Directors

Press Release – Staples Rodway

National accounting and business advisory firm Staples Rodway is growing and has announced two key promotions among its senior staff, Sachin Patel and Kaison Chang have both been named Directors in the Auckland office, less than 18 months after … Read more »

ComCom pushing for market studies powers despite opposition

Article – BusinessDesk

Feb. 15 (BusinessDesk) – The Commerce Commission says its market studies powers are a “live issue” of discussion with the government, and would expect that New Zealand would mirror Australian law when legislation is introduced. Read more »

Bill to make cartel conduct a criminal offence

Press Release – New Zealand Government

Hon Kris Faafoi Minister of Commerce and Consumer Affairs 15 February 2018 MEDIA STATEMENT Consumers and business will benefit from legislation introduced to Parliament today which will make it a criminal offence to engage in cartel conduct. Commerce … Read more »

Skellerup lifts 1H profit 31%, citing ‘standout’ performance

Article – BusinessDesk

Feb. 15 (BusinessDesk) – Skellerup Holdings lifted first-half profit 31 percent thanks to a “standout” performance from its industrial unit which boosted earnings 40 percent, and it forecast an increase in full-year profit. Read more »

Next Page »