Partnership cements future of Route K

Press Release – NZ Transport Agency

18 August 2014 | NZ Transport Agency – Waikato & Bay of Plenty Partnership cements future of Route K A partnership between the NZ Transport Agency and Tauranga City Council (TCC) will see the Route K debt removed from the citys books when the … Read more »

Contact Energy mulling capital return to shareholders

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Contact Energy directors are actively considering a capital return to shareholders as the company emerges from a five year, $2 billion programme of investment in new power stations and IT systems and enters a period of increasingly … Read more »

Labour-Greens combined spending promises pass $28bn

Press Release – New Zealand National Party

Less than five weeks out from the election, the Labour-Greens set of combined spending promises for the upcoming election has now hit a whopping $28.1 billion over four years, Nationals Associate Finance spokesperson Steven Joyce says. Read more »

Current Market Reflects Traditional Winter Slowdown

Press Release – Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 74 more farm sales (+16.9%) for the three months ended July 2014 than for the three months ended July 2013. Overall, there were 512 farm sales in the three months … Read more »

Westpac, BNZ next up in bank fees’ class suit

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Westpac Banking Corp and Bank of New Zealand are the next two lenders to face a class suit over penalty fees. Read more »

ANZ introduces digital card PIN service ANZ Internet Bank

Press Release – ANZ Bank

ANZ Internet Banking and ANZ goMoney customers are now able to set their card PIN numbers for personal Visa Debit, EFTPOS and credit cards online, rather than go into a branch. Read more »

Fair Play on Fees to Lodge Documents Against BNZ And Westpac

Press Release – Fair Play on Fees

Fair Play on Fees to Lodge Court Documents Against BNZ And Westpac for Unfair Fees Read more »

Meadow Mushrooms Opens Second Stage Of $120m Redevelopment

Press Release – Meadow Mushrooms

The second stage of a $120 million redevelopment and expansion project at one of New Zealands largest agricultural enterprises will be opened this week. The $12 million investment into the extension of Meadow Mushrooms Christchurch farm will … Read more »

Responsible lending too taxing for some

Press Release – Napier Family Centre

In July a responsible lending discussion paper was released which will help introduce changes to the New Zealand credit legislation. Within days, Napier Family Centre (NFC) received a visit from one woman whose loan agreement with a local lender … Read more »

Pleasing reporting season despite ANZ softer revenue growth

Press Release – CMC Markets

Offshore leads should provide a positive macro background for this mornings share market opening. Mr. Putins comments that Russia would stand up for itself but not at the cost of confrontation with the outside world saw further unwinding of … Read more »

Credit Union Movement Receives Cooperative Awards

Press Release – NZ Association of Credit Unions

New Zealand Association of Credit Unions (NZACU), the industry body that represents 22 cooperatively owned credit unions and mutual building societies throughout New Zealand, was recognised last night by Cooperative Business New Zealand at its inaugural … Read more »

ANZ says NZ unit grabs market share in latest quarter

Article – BusinessDesk

Aug. 15 (BusinessDesk) – Australia & New Zealand Banking Group says its New Zealand unit grabbed market share of home and commercial lending in the latest quarter as an improving economy stoked credit growth. Read more »

Softening the dairy blow

Press Release – ASB Bank

While eleven of the last twelve dairy auctions have recorded price falls, the sheer magnitude of the falls is bringing other factors in to play, according to the latest ASB Farmshed Economics Report. Read more »

NZ dollar gains as local economy seen outperforming

Article – BusinessDesk

Aug. 15 (BusinessDesk) – The New Zealand dollar popped above 85 US cents as better than expected data contrasted with weaker economic reports in the US and Europe, enhancing the lure of local assets. Read more »

UPDATE: Pushpay jumps 50% in first trade on NZAX

Article – BusinessDesk

Aug. 14 (BusinessDesk) – Shares of Pushpay jumped as much as 50 percent as investors snapped up the handful of shares on offer after the mobile payment app company’s compliance listing on the NZX Alternative Index. Read more »

Offshore betting in Labour’s sights

Press Release – New Zealand Labour Party

A Labour Government will clamp down on offshore gambling websites that deprive the local racing industry of funds, Labours Racing spokesperson Ross Robertson says. Read more »

Tax cheat who lied to his agent is sentenced

Press Release – Inland Revenue Department

A former property developer who attempted to rip off Inland Revenue has been sentenced to six months home detention after being found guilty of providing misleading information. Read more »

Pushpay lists on NZAX at $1 after $9 million capital raise

Article – BusinessDesk

Aug. 14 (BusinessDesk) – Pushpay, the mobile payment app company, has debuted on the New Zealand Alternative Index at $1, after raising new equity in a private share offer to fund international growth plans. Read more »

MYOB expands offering for larger business in Australia & NZ

Press Release – MYOB

MYOB Finance NZ Limited, a subsidiary of MYOB Holdings Pty Limited (MYOB), today announced it has signed a conditional agreement to purchase PayGlobal Limited. Read more »

Infratil agrees to sell stake in PayGlobal to MYOB

Article – BusinessDesk

Aug. 14 (BusinessDesk) – Infratil has agreed to sell its 54 percent stake in shareholding in PayGlobal to MYOB Finance NZ as part of MYOB’s takeover of the payroll and HR management software firm. Read more »

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