Bapcor raises Hellaby offer to $3.60/share

Article – BusinessDesk

Dec. 5 (BusinessDesk) – Bapcor raised its takeover offer for Hellaby Holdings to $3.60 a share from $3.30, bringing it into the independent valuation range and winning increased acceptances from the Accident Compensation Corp and drawing in other institutional … Read more »

Sky TV-Vodafone merger decision delayed again

Article – BusinessDesk

Dec. 5 (BusinessDesk) – Sky Network Television said the date for a decision on its Commerce Commission application to merge with Vodafone New Zealand has been pushed back to Feb. 23, 2017, from Dec. 21, to give the commission more time to assess a … Read more »

NZ farmers look to 2017 with optimism

Press Release – Rabobank

Confidence levels among New Zealands farmers remain high but have tempered slightly, the latest quarterly Rabobank Rural Confidence Survey has found. Read more »

Steel mesh investigations into five companies completed

Press Release – Commerce Commission

The Commission has now completed its seismic steel mesh investigations into five of the companies under investigation. Three companies, who cannot be named at this time, have been advised that the Commission intends to issue criminal proceedings … Read more »

Harmoney fined $292k for misleading marketing campaign

Press Release – Commerce Commission

Peer-to-peer lender Harmoney has today been fined $292,500 in the Auckland District Court for misleading consumers into believing they had been pre-approved for a personal loan. Read more »

Godfrey Hirst ends fight on wool scour monopoly

Article – BusinessDesk

Dec. 2 (BusinessDesk) – Godfrey Hirst says it will abandon its fight to overturn the regulatory approval for a wool scouring monopoly in New Zealand involving NZX-listed rival Cavalier, despite judging it a “major blow to the wool industry and competition … Read more »

GHDWoodhead and Creative Spaces join forces

Press Release – GHDWoodhead

GHDWoodhead has strengthened its integrated architecture and engineering (A+E) practice in Australasia, joining with Creative Spaces, a New Zealand architecture, interior design and fit-out company, from 1 December 2016. Read more »

2016 Deloitte Top 200 Business Awards Winners Announced

Press Release – NZME

1 December 2016 The winners of the 2016 Deloitte Top 200 Business Awards were announced this evening at the Vector Arena. The awards, which celebrate excellence in business, were established in 1990 to annually recognise outstanding individual … Read more »

Spark buys remaining stake in UFB installer Connect 8

Article – BusinessDesk

Dec. 1 (BusinessDesk) – Spark New Zealand, the country’s biggest telecommunications company, agreed to buy the remaining half share of fibre construction business Connect 8 from its joint venture partner Vocus Communications for an undisclosed sum. Read more »

‘Taking Care of Business’ to be continued

Press Release – New Zealand Government

Small Business Minister Craig Foss says the Taking Care of Business roadshow has been so successful, more events are likely next year. Read more »

Chapman Tripp appoints four new partners

Press Release – Chapman Tripp

Chapman Tripp is pleased to announce the appointment of four new partners, effective 1 December 2016. Read more »

New regime to modernise and add confidence

Press Release – New Zealand Government

Today marks the end of the two year period for the financial markets industry to transition to the Financial Markets Conduct Act 2013 (the FMC Act) regime, says Commerce and Consumer Affairs Minister Paul Goldsmith. Read more »

Pacific Property Fund to acquire iconic Whangarei property

Press Release – Pacific Property Fund Limited

TAURANGA – November 30 Pacific Property Fund Limited, an investment portfolio managed byProperty Managers Group, has announced its intention to acquire its first property in Whangarei, a landmark property in the heart of the citys CBD. Read more »

Mistakes in the delivery Westland Shareholders told

Press Release – Westland Milk Products

Westland Milk Products shareholders turned out in force at their annual general meeting today to hear retiring chairman Matt ORegan tell them that while the companys business strategy was sound, its delivery had been poor. Read more »

SMAs ‘more cost-effective way of getting products to market’

Press Release – Food and Grocery Council

Sales and marketing agencies offer manufacturers and distributors a better and more cost-effective way of taking their products to market, says Alliance Marketing Managing Director Paul Kenny. Read more »

Increasing trust in insolvency practitioners

Press Release – New Zealand Government

The government is introducing a licensing system for insolvency practitioners, Commerce and Consumer Affairs Minister Paul Goldsmith announced today. Read more »

Tower pours Canterbury quake claims into ‘bad bank’

Article – BusinessDesk

Nov. 29 (BusinessDesk) – Tower said it will separate its liabilities and receivables from the Canterbury earthquakes into a separate ‘bad bank’ structure and “aggressively pursue” recoveries from the EQC and reinsurer Peak Re that amount to about $101 … Read more »

Commission issues details on NZME/Fairfax conference

Press Release – Commerce Commission

The Commerce Commission has today published details of the conference it is holding on its draft determination of NZME and Fairfaxs application for authorisation under the Commerce Act to merge their media businesses. Read more »

Mobile trader owner found guilty after not supplying goods

Press Release – Commerce Commission

Flexi Buy Limited owner Vikram Mehta has been found guilty under the Crimes Act 1961 of being a party to obtaining money by deception, by making false representations to customers. Read more »

Manawatu 1994 Limited fined $1.25m in price fixing case

Press Release – Commerce Commission

Manawatu 1994 Limited, trading under the LJ Hooker banner, has been ordered to pay a penalty of $1.25 million following a hearing in the Auckland High Court. Read more »

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