Fair tax for KiwiSaver funds a key election issue

Press Release – Financial Services Council

In this election year the parties need to say how they will reduce the unfair over-taxation of KiwiSaver funds that prevents most New Zealand employees from achieving a comfortable retirement. Read more »

BNZ’s new CEO Healy expects benefit from expanding economy

Article – BusinessDesk

April 17 (BusinessDesk) – Bank of New Zealands incoming chief executive Anthony Healy expects the lender to benefit from the nations burgeoning economy as he targets investment in higher growth areas such as agri-business. Read more »

Wynyard Group Share Purchase Plan

Press Release – Wynyard Group

Wynyard Group Limited (Wynyard, NZX:WYN) announces the successful completion of its Share Purchase Plan, which opened on 31 March 2014 and closed on 16 April 2014 (SPP). Read more »

National gives away a further $130 million on Genesis sale

Press Release – Green Party

National have sold New Zealanders short by significantly under-pricing Genesis Energy, Green Party Co-leader Dr Russel Norman said today. Genesis Energy shares immediately went up $0.26 (or 17 percent) on listing today, showing the market valued the company … Read more »

Wellington’s biggest property competition

Press Release – Nouvo

Rachel Smart has pocketed $20 000 in prizes as part of one of Wellingtons biggest property competitions. Ms Smart received a $12 000 discount off a Nouvo home and a $5 000 interior design package. Read more »

The Co-operative Bank joins Government scheme

Press Release – New Zealand Government

Housing Minister Dr Nick Smith today welcomed The Co-operative Bank into the Governments Welcome Home Loans scheme, bringing the total number of lenders offering the first home loan product to 11. Read more »

RBNZ Observer: Another 25bp hike expected next week

Press Release – HSBC Bank

The RBNZ became the first developed world central bank to hike rates this cycle, in March, raising its cash rate by 25bp to 2.75%. We expect the RBNZ to follow through with a further 25bp rate hike next week, as New Zealands economy remains on track … Read more »

BNZ names Anthony Healy as new CEO, replacing Thorburn

Article – BusinessDesk

April 17 (BusinessDesk) Bank of New Zealand, the local unit of Australias third-biggest mortgage lender, named the head of its business bank, Anthony Healy, as its new chief executive. Read more »

Mighty River Power: Quarterly Operational Update, March 2014

Press Release – Mighty River Power

Mighty River Powers geothermal production was its highest ever in the period at 682GWh, an increase of 179GWh (or 36%) on the prior comparable period (pcp) making up 45% of Mighty River Powers total generation. Read more »

Depreciation, buy Kiwi-made in Labour manufacturing policy

Article – BusinessDesk

April 17 (BusinessDesk) The Labour Party has unveiled its pitch to the manufacturing sector, adding accelerated depreciation for advanced manufacturing and promising to target more government procurement from local firms. Read more »

NZ dollar drops to 5-wk low vs. pound after upbeat UK jobs

Article – BusinessDesk

April 17 (BusinessDesk) The New Zealand dollar dropped to a five-week low against the British pound after UK unemployment fell more than expected and wage growth accelerated, turning investor attention to the possibility of higher interest rates. Read more »

Asia Region Funds Passport initiative progresses

Press Release – New Zealand Government

Commerce Minister Craig Foss today released a consultation paper on the Asia Region Funds Passport initiative, which will open up opportunities for cross-border offerings of managed funds. Read more »

Hard work pays career dividends

Press Release – Hays

Hard-working, proactive, collaborative, adaptive, ethical and credible all make the list of personal characteristics shared by successful CFOs, says recruiting experts Hays in New Zealand. Read more »

Hard work pays career dividends

Press Release – Hays

Hard-working, proactive, collaborative, adaptive, ethical and credible all make the list of personal characteristics shared by successful CFOs, says recruiting experts Hays in New Zealand. Read more »

Reduction in liquor licence fees for some Rotorua cafes

Press Release – Rotorua District Council

Rotorua District Council is to reduce liquor licence fees for cafes not open for evening trade. The decision was made at this mornings [16 April 2014] meeting of the councils Strategy, Finance & Policy Committee. Read more »

Interest rates rise but only smokes increasing

Press Release – New Zealand Labour Party

Mortgage rate rises are making life harder for homeowners, and many of them will be surprised the latest CPI figures show inflation would be zero were it not for tobacco tax hikes, says Labours Finance spokesperson David Parker. Read more »

Intueri Education Group Launches IPO

Press Release – Intueri Education Group

PRESS RELEASE Intueri Education Group Launches IPO 16 April, 2014 Intueri Education Group (Intueri), a New Zealand-based vocational education provider, has registered a Prospectus, and approved an Investment Statement, in connection with an Initial … Read more »

1 in 4 Want to Improve Financial Literacy But Don’t Know How

Press Release – Canstar

1 in 4 Want to Improve Financial Literacy But Dont Know Where to Go Read more »

Crowd Funding, Small Offers and the Takeovers Code

Press Release – Takeovers Panel

Phase 1 of the Financial Markets Conduct Act 2013 (the FMC Act) came into effect on 1 April 2014. Read more »

Family business: Taking control without breaking it

Press Release – PwC

Passing control from one generation to the next can make or break a family business; and as New Zealands baby boomers hand over to millennials, the risks of getting it wrong have never been greater. Read more »

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