Labour calls for monetary policy to expand goals

Article – BusinessDesk

Aug. 23 (BusinessDesk) – The Reserve Bank of New Zealand should be allowed to target goals other than price stability, says the Labour Party finance spokesman, Grant Robertson. Read more »

Ports of Auckland delivers $54M dividend to council

Article – BusinessDesk

Aug. 23 (BusinessDesk) – Auckland Council will receive a $54.3 million dividend from Ports of Auckland after the city’s port operator announced a lift in full-year profit despite even as revenue fell with container volumes. Read more »

Comvita posts 15-month profit of $18.5M

Article – BusinessDesk

Aug. 23 (BusinessDesk) – Comvita, the manuka honey products company, posted a 15-month profit that broadly met its guidance while lowering its dividend payout ratio to chase “growth opportunities”. Read more »

Synlait Milk And the A2 Milk Company Reaffirm Arrangements

Press Release – Synlait

Synlait Milk And the A2 Milk Company Reaffirm Infant Formula Supply Arrangements Synlait Milk Limited (Synlait) and The a2 Milk Company Limited (a2MC) are pleased to announce a new supply agreement between the two groups for the production of a2 … Read more »

Vikki Lane Bar & Kitchen Welcomes New Head Chef

Press Release – Vikki Lane

Newcomer Vikki Lane Bar & Kitchen has been proving popular with Aucklanders. From events, to corporate lunches to a wine after work. And of course, the infamous bacon buttie breakfast. Read more »

Monetary policy faces challenges in turbulent times

Press Release – The Reserve Bank of New Zealand

Monetary policy faces challenges in turbulent times Monetary policy challenges extend well beyond the normal parameters and stresses envisaged when policy frameworks were designed and inflation goals were first specified, Reserve Bank Governor Graeme Wheeler … Read more »

thl NPAT up 21% at $24.4 million

Press Release – Tourism Holdings Limited

Operating Profit Before Financing Costs and Tax (1) (EBIT) of $38.7 million, up 20% on prior year Read more »

Accenture To Acquire Australian Security Company Redcore

Press Release – Accenture

AUCKLAND; August 23, 2016 Accenture (NYSE: ACN) has entered into an agreement to acquire Redcore, a privately held Australia-based consulting company that specialises in providing identity and access management services (IAM), as well as security services … Read more »

Tenants winning in slow rental market

Press Release – Trade Me Property

Tenants are benefiting from a very lacklustre rental market while those looking to break into the property market watch prices continue to rise. Median weekly rents rose just $10 across New Zealand in July to $440, according to the latest Trade Me … Read more »

Mercury EBITDAF up 2.3% to $493m on renewables advantage

Press Release – Mercury

Mercury has reported a 2.3% lift in operating earnings (EBITDAF) to $493 million for FY2016, the first financial results reported under the companys new brand. Read more »

Wine industry converge in Marlborough

Press Release – New Zealand Winegrowers

Wine industry converge in Marlborough Around 500 grape growers, winemakers, and industry leaders will converge in Marlborough this week to learn, discuss and network at the wine industrys annual Romeo Bragato Conference. Read more »

Air New Zealand to increase its premium seating offering

Press Release – Air New Zealand

Air New Zealand to increase its premium seating offering Air New Zealand is to spend more than $100 million increasing the number of premium seats on its Boeing 787-9 Dreamliners and refurbishing its Boeing 777-300 fleet in response to customer trends. … Read more »

FIRST CUT: Mercury delivers special dividend

Article – BusinessDesk

Aug. 23 (BusinessDesk) – Mercury, the electricity generator and distributor formerly known as Mighty River Power, has delivered a 2.3 percent lift in operating earnings and declared a special dividend, reflecting its limited capital needs and the sale … Read more »

NZ dollar gains ahead of Wheeler speech

Article – BusinessDesk

Aug. 23 (BusinessDesk) – The New Zealand dollar rose ahead of a speech by Reserve Bank governor Graeme Wheeler which may hint at the timing of further easing, with at least one further cut expected this year. Read more »

Celebrate Father’s Day with Bunnings

Press Release – Bunnings

Celebrate Fathers Day with Bunnings Bunnings is celebrating Fathers Day with a range of DIY workshops, including a free Fathers Day Family Night DIY Workshop on either the 31st August or the 1stSeptember. From the 27th August to the 4th of … Read more »

OCS sells Envirocomp back after writing down value to zero

Article – BusinessDesk

OCS Group has sold Envirocomp back to the original owners after writing down the value of the Christchurch-based composting firm to zero last year. Read more »

Yashili NZ to sell base powder dairy products to Danone

Article – BusinessDesk

Yashili NZ agrees to sell $18.7 mln of base powder dairy products to Danone Read more »

1Above announce capital raise

Press Release – 1Above

Having already raised $1.5m NZD toward the required $3m NZD, the campaign, which is open to the public from 22 August to 9 September, allows everyday New Zealanders & Australians the opportunity to invest alongside investment heavy-hitters Movac … Read more »

Moderate alcohol stance what consumers want, says DB boss

Press Release – Food and Grocery Council

Advocating moderate alcohol consumption is an extremely important part of DB Breweries response to what its consumer are saying they want, says Managing Director Andy Routley. Read more »

OCS sells Envirocomp composting business

Press Release – OCS Limited

OCS sells Envirocomp composting business New Zealand facilities management company, OCS has announced it is selling its New Zealand Envirocomp composting operation to Frontier Group Partners Ltd, a consortium which includes original Envirocomp founder, … Read more »

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