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Commission files proceedings against Vector

Press Release – Commerce Commission

The Commerce Commission will today file civil proceedings in the High Court at Auckland seeking financial penalties against electricity lines company Vector for breaching its network quality standards. Read more »

Chatham Islands Airport Receives Funding Support

Press Release – CIE Trust

The long awaited upgrade of New Zealands most remote regional airport moved one step closer last week when the Board of Chatham Island Airport Ltd signed an agreement with the Provincial Development Unit for $98,000 of funding from the Provincial Growth … Read more »

Vector And Commerce Commission to Settle

Press Release – Vector

Following breaches of an electricity network quality standard in 2015 and 2016, Vector has announced today it is agreeing to a settlement with the Commerce Commission. A penalty hearing will take place in due course at which the details of the settlement … Read more »

Tilt offer won’t be increased – Infratil, Mercury

Article – BusinessDesk

Oct. 9 (BusinessDesk) – Infratil and Mercury NZ say their offer for Tilt Renewables is attractive given the increased regulatory risk in the sector and will not be increased. Read more »

Mainzeal directors’ delay cost creditors up to $75M

Article – BusinessDesk

Oct. 9 (BusinessDesk) – Property company Mainzeal was likely insolvent for most of the eight years before it collapsed in February 2013 owing more than $157 million to subcontractors and other creditors, Staples Rodway director Bill Apps says. Read more »

A new way to pay

Press Release – Mitre 10

Mitre 10 and Air New Zealand Airpoints have partnered on a new initiative to allow shoppers to spend their Airpoints Dollars at Mitre 10 stores nationwide and mitre10.co.nz . Read more »

TIL trading halted pending Bowker, Kern sell-down

Article – BusinessDesk

Oct. 8 (BusinessDesk) – Trucking operator TIL Logistics has halted trading of its shares while two major shareholders sell down more than 14.5 percent of the companys stock. Read more »

Perceptive named as Insights partner for Vend and Xero

Press Release – Perceptive

Leading customer intelligence agency Perceptive , has announced this week that they have been appointed as the global Insights partner for both Vend and Xero. Read more »

Xero on a mission to help Kiwi small businesses thrive

Press Release – Xero

8 October 2018 A nationwide roadshow will kick off this month with the aim of increasing New Zealands productivity and business success by focusing on the countrys small businesses and their trusted advisors – accountants and bookkeepers. Read more »

HiFX Morning Update

Press Release – HiFX

The NZDUSD opens at 0.6442 (mid-rate) this morning. The NZD along with global equities slid lower on Friday as investors continued to chase yield. Yield on the benchmark US ten-year note closed higher for the third consecutive session rising by 2.8 basis … Read more »

Air NZ, Singapore Airlines alliance extended five years

Article – BusinessDesk

Oct. 5 (BusinessDesk) – The government has extended a partnership between Air New Zealand and Singapore Airlines for another five years, saying it creates stronger bonds with South East Asia. Read more »

TIL expands heavy haulage with $19M acquisition

Article – BusinessDesk

Oct. 4 (BusinessDesk) – Trucking operator TIL Logistics is acquiring Specialised Lifting and Transport Group to increase its capacity to move large loads and better compete with Australian rivals. Read more »

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