Nova Energy stake in King Country Energy reportedly in play

Article – BusinessDesk

Sept. 29 (BusinessDesk) – Todd Corp’s energy retailer, Nova Energy, is reported to be seeking a buyer for its 54.1 percent stake in King Country Energy, the central North Island electricity generator and retailer. Read more »

Oceanagold and Romarco Receive Shareholder Approval

Press Release – OceanaGold

(MELBOURNE) and (TORONTO) OceanaGold Corporation (TSX/ASX/NZX: OGC) (OceanaGold) and Romarco Minerals Inc. (TSX: R) (Romarco) are pleased to announce that at their respective special meetings of shareholders held earlier today, shareholders … Read more »

AMP implores non-contributors to reconsider

Press Release – AMP New Zealand

Leading life insurer and retirement savings provider AMP is currently calling for the 1 million New Zealanders* who have stopped contributing to KiwiSaver on a regular basis to consider reinstating regular contributions to their KiwiSaver accounts in … Read more »

New technology partnership powers cheaper electricity

Press Release – DebitSuccess

Payments specialist Debitsuccess has made its first foray into providing options for one of the most common monthly bills – power. Read more »

NZ dollar falls as Fed’s Dudley points to 2015 rate hike

Article – BusinessDesk

NZ dollar falls as Fed’s Dudley points to 2015 rate hike, stocks fall, risk aversion rises Read more »

Generate KiwiSaver Scheme surpasses $100m in FuM

Press Release – Generate KiwiSaver

Generate KiwiSaver Scheme surpasses $100m in FuM Award winning New Zealand owned and operated KiwiSaver specialist, the Generate KiwiSaver Scheme, has surpassed $100 million of funds under management. Generates CEO Henry Tongue said This is … Read more »

RBNZ pays $510 mln dividend to Crown, biggest in six years

Article – BusinessDesk

Sept. 28 (BusinessDesk) – The Reserve Bank of New Zealand will pay a $510 million dividend to the government, its biggest since 2009, after the falling kiwi dollar generated a gain from the central bank’s holdings of offshore currencies. Read more »

VOCUS and M2 to Merge

Press Release – ASX

Vocus Communications Ltd (Vocus, ASX:VOC) and M2 Group Ltd (M2, ASX:MTU) have entered into a Merger Implementation Agreement (MIA), under which the two companies will merge, by way of an M2 scheme of arrangement (Scheme). Read more »

Comvita to take 19.9% stake in SeaDragon in rights offer

Article – BusinessDesk

Comvita to take 19.9% stake in SeaDragon in rights offer, securing fish oil supply Read more »

Data critical to targeting fraudsters

Press Release – BDO New Zealand

BDO is urging New Zealands not-for-profit sector to help stamp out fraud in the sector by participating in its biennial BDO Not-for-Profit Fraud Survey. Read more »

NZ dollar slips as Fed officials tip rate hike this year

Article – BusinessDesk

NZ dollar slips from week-high as Fed officials tip rate hike this year, Boehner flags exit Read more »

Newmarket in good shape for new board

Press Release – Newmarket Business Association

The Newmarket Business Association (NBA) held its Annual General Meeting on Thursday evening (24 September) at Mini Garage on Broadway. The meeting was attended by a mixture of retailers, business owners and landlords as well as Waitemata Local Board … Read more »

Nikko Asset Management NZ appoints George Carter as MD

Press Release – Nikko AM

Nikko Asset Management NZ appoints George Carter as MD; Peter Lynn takes on global role Read more »

Fourth and final director sentenced

Press Release – Financial Markets Authority

A former director of OPI Pacific Finance, David Mark Anderson, has today been sentenced in the Auckland High Court for misleading investors. Read more »

UPDATE: UK-based P2P Global takes 4.5% stake in Harmoney

Article – BusinessDesk

Sept. 25 (BusinessDesk) – UK-based peer-to-peer lender P2P Global Investments has lifted its stake in local platform operator Harmoney to 4.5 percent, while also giving the Auckland-based firm a $200 million funding line. Read more »

Future Climate Refugee Camp

Press Release – 350 Aotearoa

Today, 350 Aotearoa and climate activists from around the Pacific assembled and occupied a future climate refugee camp outside of ANZ banks flagship branch on Queen Street. Read more »

Harmoney gets $200 mln funding line from investor P2P Global

Article – BusinessDesk

Sept. 25 (BusinessDesk) – Harmoney Corp, which operates an online peer-to-peer financial services platform, has secured a $200 million funding line from investor P2P Global Investments, which also increased its stake in the Auckland-based firm. Read more »

IBM announces finalists for NZ’s Best Workplaces Awards 2015

Press Release – IBM

IBM Kenexa (NYSE: IBM) today announced the finalists of its annual Best Workplaces Survey and Awards, New Zealands largest and longest running study of workplace climate and employee engagement. This year over 30,000 employees from 193 New Zealand … Read more »

‘Bubble’ banker class can’t last: Rob Campbell tells Infinz

Article – BusinessDesk

Sept. 24 (BusinessDesk) – Professional director Rob Campbell says the only ‘bubble’ economy the world has to worry about is the “sealed bubble in which most finance professionals work”, buoyed up by “their hangers on and mutual admiration … Read more »

Auckland consultancy secures Varigence partnership

Press Release – Mettle Consulting

Newly-formed business intelligence (BI) firm Mettle Consulting, has become the first New Zealand company to secure the rights to the BI accelerator solutions from globally renowned software provider, Varigence. Read more »

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