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Knauf and USG seek clearance to merge

Press Release – Commerce Commission

The Commerce Commission has received an application from Gebr. Knauf KG and USG Corporation seeking clearance for the two to merge. Read more »

GO Healthy charged for misleading claim

Press Release – Commerce Commission

Health supplements seller GO Healthy New Zealand Ltd has been charged, following a Commerce Commission investigation, with allegedly misleading consumers by claiming its supplements were made in New Zealand, when the key ingredients in the majority … Read more »

Kiwi buys another $25m property at Sylvia Park

Article – BusinessDesk

Dec. 20 (BusinessDesk) – Kiwi Property Group says it has paid $25 million for an industrial property opposite the Sylvia Park train station. Read more »

Serko buys US expense management software maker

Article – BusinessDesk

Dec. 20 (BusinessDesk) – Serko is branching out into complementary businesses with the acquisition of a US business expense management software developer as it accelerates its North American expansion. Read more »

T&G Global profit dented by cheaper tomatoes

Article – BusinessDesk

Dec. 19 (BusinessDesk) – T&G Global says its annual profit will more than halve this year after cheaper tomatoes and a weather-affected grape harvest in Peru dented earnings. Read more »

Cheaper petrol, low mortgage rates bolster confidence

Article – BusinessDesk

Dec. 19 (BusinessDesk) – Consumer confidence rose from a six-year low in the lead-up to Christmas, as cheaper petrol and low mortgage rates left more in household budgets, the latest Westpac McDermott Miller survey shows. Read more »

The Masport distinction

Press Release – Masport

Masport Ltd refutes news articles that associate it with the closure of Precision Foundries, formerly known as Masport Foundries Ltd. Read more »

UPDATE: Bell Gully to abandon Vero Centre

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Precinct Properties is gaining Bell Gully as a tenant for its Commercial Bay development some time between the year ending June 2023 and 2025 and the law firm will leave a five-floor vacancy at Kiwi Property Groups Vero … Read more »

Fletcher meets expectations with US$840m Formica sale

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Fletcher Building says it has sold the Formica business for US$840 million, or NZ$1.226 billion, to Netherlands-based Broadview and will resume paying dividends. Read more »

Bell Gully to abandon Vero Centre for One Queen Street

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Precinct Properties is gaining Bell Gully as a tenant for its Commercial Bay development some time between the year ending June 2023 and 2025 and the law firm will leave a five-floor vacancy at Kiwi Property Groups Vero … Read more »

Mercury to sell meter business for $270 mln

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Mercury NZ has agreed to sell its Metrix metering business to IntelliHUB Group to simplify its business and focus on faster-growing activities. Read more »

Noel Leeming fined $200,000 for misleading consumers

Article – BusinessDesk

Dec. 14 (BusinessDesk) – Noel Leeming has been fined $200,000 for misleading consumers about their rights under the Consumer Guarantees Act following a Commerce Commission prosecution. Read more »

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