Proactive electricity retailers lead the way internationally

Press Release – Electricity Authority

Latest international research shows New Zealands electricity retailers are competing fiercely for customers compared with those in selected overseas markets with competitive retail markets, but New Zealand consumers are relatively passive about exercising … Read more »

Review illustrates NZ’s positive electricity market

Press Release – Electricity Authority

The Electricity Authoritys annual review of the electricity market shows electricity demand is back on the increase, the four largest retailers are losing market share and electricity prices are being held, while technological innovations are likely … Read more »

Commission reaches preliminary view on infant formula

Press Release – Commerce Commission

The Commerce Commission has reached a preliminary view that it should allow members of the Infant Nutrition Council (INC) to restrict their advertising and marketing of infant formula for children under six months of age. Read more »

Blue Chip’s Bryers accused of muddying Talos role

Article – BusinessDesk

March 3 (BusinessDesk) – Former Blue Chip boss Mark Bryers was accused of contriving to present himself as a consultant to Talos Accounting Group, when he was actually running the Australian firm in breach of the rules covering undischarged bankrupts, … Read more »

Designworks Group adds interactive firepower

Press Release – designworks

Auckland, March 3, 2015: Designworks, part of STW, has further strengthened its interactive design and digital marketing offering with the acquisition of Auckland based agency Union Digital. Read more »

Vodafone partners with Netflix – reveals launch offer

Press Release – Vodafone

Vodafone is excited to be giving Kiwis an offer to get Netflix streaming on their smartphones, teaming up with Netflix as the exclusive communications launch partner in New Zealand. Read more »

Promapp hires marketing executive to lead push into US

Article – BusinessDesk

March 3 (BusinessDesk) – Promapp Solutions, whose software lets organisations map their business processes, has hired a marketing executive to help drive the company’s tilt at the US market. Read more »

Govt resisting pressure to pump more cash into Solid Energy

Article – BusinessDesk

March 2 (BusinessDesk) – Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference … Read more »

Blue Chip’s Bryers won’t return to New Zealand, court hears

Article – BusinessDesk

March 2 (BusinessDesk) – Former Blue Chip boss Mark Bryers has taken the witness stand in the High Court at Auckland today where hes seeking to be discharged from his 5 1/2-year bankruptcy, saying it will be his last visit to New Zealand. Read more »

Phillips Fox merges with DLA Piper

Article – BusinessDesk

Phillips Fox merges with DLA Piper to become local unit of Anglo-American law firm Read more »

NZ Dollar Outlook: Kiwi at mercy of overseas moves this week

Article – BusinessDesk

March 2 (BusinessDesk) – The New Zealand dollar will probably be at the mercy of overseas news this week with several central bank meetings and key data releases. Read more »

NZ terms of trade fall 1.9% in 4th qtr

Article – BusinessDesk

NZ terms of trade fall 1.9% in 4th qtr, on falling prices for dairy exports Read more »

Simpson Grierson acts for Accel Partners

Press Release – Simpson Grierson

Simpson Grierson partner Michael Pollard and senior associate Andrew Matthews have acted for US private equity firm Accel Partners on its NZ$132.9 million private placement investment in Xero. Accel Partners is a leading Silicon Valley venture capital firm, … Read more »

Mexicali Fresh Owner Buys Burger Wisconsin

Press Release – Mariposa Restuarant Holdings

Mariposa Restaurant Holdings (MRH), owner of the popular Mexican food franchise Mexicali Fresh, has purchased New Zealands oldest gourmet burger franchise Burger Wisconsin for an undisclosed sum. Read more »

Trade Minister in China for FTA discussion

Press Release – New Zealand Government

Trade Minister Tim Groser departs for China tonight to undertake a range of Free Trade Agreement (FTA) related meetings including discussions with his trade counterpart, Minister Gao Hucheng. Read more »

PGC posts 1H loss, writes down Perpetual receivable

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Pyne Gould Corp, whose 2014 accounts are being looked into by the market regulator, reported a first-half loss as it was hit with foreign exchange adjustments and losses from its subsidiaries, and wrote down the value of what it … Read more »

Fonterra’s Glencoal says Waikato mine delayed, not on hold

Article – BusinessDesk

Feb. 27 (BusinessDesk) – Fonterra Cooperative Group subsidiary Glencoal has denied suggestions it has put its plans for an open cast mine in the Waikato on hold indefinitely following public opposition. Read more »

NZ business confidence gains in Feb as ag sector gets happy

Article – BusinessDesk

Feb. 27 (BusinessDesk) – New Zealand business confidence improved in February as recent gains in dairy prices turned sentiment around in the agriculture sector, and as low interest rates stoke hiring and investment expectations. Read more »

Takeovers Panel consultation on small Code companies

Press Release – Minter Ellison Rudd Watts

The Takeovers Panel yesterday released a further consultation paper on small Code companies, aimed at avoiding some of the heavy compliance costs small companies face. The Panel has called for submissions, and the closing date is 25 March 2015, at 5:00 … Read more »

PHARMAC in negotiations over rare disorders medicines

Press Release – PHARMAC

PHARMAC is in active negotiations with several suppliers as a result of its competitive process for rare disorders medicines. On the eve of World Rare Diseases Day, PHARMAC has announced that 28 proposals from eight suppliers emerged from its request for … Read more »

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