Small business heroes show courage and ingenuity

Press Release – Look After Me

Two Rotorua businesses have been named as national finalists in The David Awards for 2015. 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 »

Rack Studs Limited Receives Platinum Rating

Press Release – Rack Studs Ltd

Las Vegas, NV, 21st Sept 2015 Racks Studs Limited, a NZ based manufacturer of rack mounting hardware announced today that its Rackstuds were recognized among the best in the industry by the judges of the Cabling Installation & Maintenance … Read more »

Taggart returned as Ballance director

Press Release – Ballance Agri-Nutrients

Murray Taggart has been returned as a Ballance Agri-Nutrients Ward C director in the South Island after a three-way contest for the position. Read more »

Pink your ride and help fight breast cancer

Press Release – Bridgestone

Leading on from the staggering success of 2014, Bridgestone is once again selling Pink Caps to raise funds for The New Zealand Breast Cancer Foundation (NZBCF) during the month of October. Read more »

Public want sugary drinks tax

Press Release – University of Auckland

A significant shift in New Zealand public attitudes towards a tax on sugary soft drinks has been identified from recent poll results. Read more »

Fonterra’s advance payment for farmers ‘right thing to do’

Article – BusinessDesk

Sept. 24 (BusinessDesk) – Fonterra Cooperative Group chairman John Wilson said supporting the cash flows of farmer suppliers hard-hit by slumping global dairy prices was “the right thing to do” even though it was one of the factors which added 6 cents … Read more »

Growing onshoring trend; PowerShield goes inhouse

Article – BusinessDesk

Sept. 24 (BusinessDesk) – Kiwi specialist battery monitoring firm PowerShield, whose customers include the likes of Nasa, Microsoft, and Huawei, is entering a joint venture with an experienced local manufacturer where both benefit from cost savings rather … Read more »

New chair oversees exodus from argumentative SeaDragon board

Article – BusinessDesk

Sept. 23 (BusinessDesk) – SeaDragon chairman Colin Groves presides over a board of mostly fresh faces in the wake of his appointment to the unprofitable fish oil company three months ago, after an exodus of directors. Read more »

Food safety: some coconut milk drinks have undeclared dairy

Press Release – Ministry For Primary Industries

The Ministry for Primary Industries (MPI) is warning people with milk allergies or intolerances to avoid drinking some imported coconut milk drinks that may contain milk or milk products as these allergens are not declared on the label. Under Australian … Read more »

Trilogy confident of servicing debt while expanding sales

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Trilogy International, the skincare products and scented candle maker, said its debt would reach $39 million in the first half ending this month, following the $37 million acquisition of privately-held fragrance and cosmetic … Read more »

Fonterra director Farrelly replaces Norris on Fund board

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Fonterra Cooperative Group director Ian Farrelly will replace Ralph Norris as one of the dairy exporter’s representatives on the board of the Fonterra Shareholders’ Fund manager. Read more »

Kumara Fusion launches equity crowdfunding campaign

Press Release – PledgeMe

Gluten-free food startup Kumara Fusion launched an equity crowdfunding campaign today on PledgeMe seeking up to $90,000 from its crowd. Read more »

Trilogy forecasts stronger first-half performance

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Trilogy International, the skincare products and scented candle maker, said revenue and earnings for the September half-year will exceed guidance given in August following strong demand for its products and a weakening kiwi dollar. … Read more »

RIB to launch at Auckland On Water Boat Show & Monaco

Press Release – JP RIBS

RIB to launch concurrently at the Auckland On Water Boat Show and the Monaco Yacht Show Read more »

Synlait annual profit slumps 46% on lactoferrin sales

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Synlait Milk, which counts China’s Bright Dairy & Food as its biggest shareholder, posted a 46 percent drop in annual profit as lactoferrin sales missed expectations and it kept milk payments high enough to ensure supply. … Read more »

Commerce Commission clears Evolution to acquire Austron

Press Release – Commerce Commission

The Commission has given clearance to Evolution Healthcare (NZ) Pty Limited to acquire all of the shares in Austron Limited, subject to Evolution selling Boulcott Hospital. Read more »

Fonterra lays off a further 227 staff, bringing total to 750

Article – BusinessDesk

Fonterra lays off a further 227 staff; total job losses from ongoing review hit 750 Read more »

Fonterra Shares Further Results of Its Business Review

Press Release – Fonterra

Fonterra Chief Executive Theo Spierings said the purpose of the review was to ensure that Fonterra remains well positioned to compete in a rapidly changing global dairy market. Read more »

Global food unions watching Talley AFFCO bargaining closely

Press Release – International Union of Food Workers

Global food unions representing 2.6 million workers in the food industries are keeping a close eye on a dispute between a group of New Zealand meat workers and Talleys AFFCO. Read more »

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