Business Scoop


2degrees launches new unlimited mobile plan

Press Release – 2 Degrees Mobile

2degrees has launched a new Unlimited* mobile plan that lets its customers hotspot or tether for free, and team up with family or friends to pay as little as $40 per month, per person. Read more »

Spark fined $675,000 for misleading consumers

Press Release – Commerce Commission

Retail telecommunications provider Spark New Zealand Trading Limited (Spark) has been fined $675,000 for making false or misleading representations in its customer invoicing, and when making a $100 credit offer to new customers. Read more »

Infratil’s CDC forecasts 50% run-rate ebitda growth

Article – BusinessDesk

April 11 (BusinessDesk) – Canberra Data Centres expects to grow its operating profit run-rate by more than 50 percent this year after increasing it by 35 percent in the March year just gone. Read more »

Comvita to take full control of China JV

Article – BusinessDesk

April 10 (BusinessDesk) – Honey company Comvita has entered a conditional agreement to acquire the remaining 49 percent of its China joint venture, Comvita Food and Comvita China, for about $20 million. Read more »

Pharmac inquiry voted down by Government members

Press Release – New Zealand National Party

The Governments underfunding of medicines is behind their failure to support a Health Select Committee Inquiry into Pharmac, says National Health Spokesperson Michael Woodhouse. Read more »

BNZ teams up with YouOwn to launch shared ownership option

Press Release – BNZ

BNZ and YouOwn have teamed up to offer New Zealanders a new and innovative option that may be an answer to getting into their first home faster. Read more »

Home Funding Group charged over ‘saving’ claims

Press Release – Commerce Commission

The Commerce Commission has filed four charges under the Fair Trading Act 1986 against Home Funding Group Limited (HFG) and its sole director Luke Atkins. Read more »

HPE and Nutanix to Deliver Hybrid Cloud as a Service

Press Release – Nutanix

Global partnership expands HPE GreenLake ecosystem and provides customers with freedom of choice for building their hybrid cloud strategy Read more »

Talbot family in the red on Plexure shares after FMA deal

Article – BusinessDesk

April 9 (BusinessDesk) – Former Plexure Group virtual chief financial officer Mark Talbot’s guilty plea to breaching disclosure obligations and his admission of insider trading were bottom-lines for the Financial Markets Authority. Read more »

Mainzeal liquidators seek compensation in cross-appeal

Article – BusinessDesk

April 9 (BusinessDesk) – Mainzeal Property and Construction’s liquidators want to double the amount of compensation the failed firm’s directors, in particular chair Jenny Shipley, were ordered to pay, in cross-appealing a High Court ruling. Read more »

Mainzeal Cross-Appeal Claims Compensation of $73m

Press Release – BDO New Zealand

Following the appeals lodged by the former directors of Mainzeal, the liquidators of the failed construction group have filed cross-appeals on behalf of the companies and their unpaid subcontractors and creditors. Read more »

Infratil’s asset values rise, boosting Morrison & Co fees

Article – BusinessDesk

April 8 (BusinessDesk) – Infratil says the value of three of its businesses, Canberra Data Centres, Longroad Energy and Tilt Renewables, has roughly tripled compared with their carrying value last September. Read more »

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