Russell McVeagh advises on sale of Paymark

Press Release – Russell McVeagh

Acting for the bank shareholders of Paymark (ANZ, ASB, BNZ and Westpac), the law firm is advising on its signing of a $190 million sale agreement with Ingenico Group, the global leader in seamless payment. Read more »

Time to turnaround NZ’s rubbish record on waste

Press Release – New Zealand Government

New Zealands position as 10th worst nation for creating urban waste per capita is shameful, says Associate Environment Minister Eugenie Sage, who will review how the Waste Minimisation Act is being implemented. Recent news reports have highlighted … Read more »

France’s Ingenico eyes broader services with Paymark deal

Article – BusinessDesk

Jan. 18 (BusinessDesk) – French payments systems provider Ingenico plans to integrate New Zealand’s Paymark payment network with its recently acquired Bambora business to offer a broader array of services to local retailers and financial institutions. Read more »

Sale of Paymark Limited to Ingenico Group

Press Release – Paymark

The shareholders of Paymark Limited (www.paymark.co.nz) announced today that they have entered into an agreement to sell the company to Ingenico Group (www.ingenico.com) for NZ$190 million. Read more »

Retailers can survive Amazon by re-educating sales approach

Press Release – Ed Ludbrook

While many New Zealand mom and pop retailers are dreading the arrival of online giant Amazon in Australia this year, one of this countrys bestselling business authors and hyper-growth leadership experts, Ed Ludbrook, suggests retailers have nothing … Read more »

Banks Shoes chain sold for $2.3 mln, covering BNZ loan

Article – BusinessDesk

Jan. 17 (BusinessDesk) – Failed footwear chain Banks Group’s business sold for $2.3 million to a group of investors led by the former owner’s son Jeremy Bank, all but covering an outstanding loan to Bank of New Zealand. Read more »

For the love of Cards – Kiwis and credit card spending

Press Release – Canstar

In the years since the global financial crisis, Kiwis credit card spending has sky-rocketed by nearly 50%. By the end of 2017 its projected that we will have spent over $43 billion dollars on our plastic friends in the last 12 months, but failing to pay … Read more »

Trade Me bans sale of brachycephalic dog breeds

Press Release – Trade Me Limited

Trade Me is banning the sale of three brachycephalic dog breeds from 1 March 2018. Read more »

NZ veterinarians welcome TradeMe ban on dog breeds

Press Release – New Zealand Veterinary Association

The New Zealand Veterinary Association welcomes the decision by Trade Me not to list pugs, French bulldogs and British bulldogs for sale on its website. Read more »

Government needs to support communities to Ditch the Fizz

Press Release – Hapai Te Hauora

A Waikato University study has found that sugary drinks in New Zealand contain proportionally more sugar than their overseas counterparts. Mori Public Health Organisation, Hpai Te Hauora, says that this highlights the need for the government to step up to protect … Read more »

Debt collection group to credit customers overcharged

Press Release – Commerce Commission

Debt collection group Receivables Management has agreed to credit more than $1.4 million to around 1,700 customers who were wrongly charged interest, costs and fees on loans after their goods had been repossessed and sold. Read more »

Life-size ‘robots’ deliver meals in a first for Auckland

Press Release – Menulog

Life-size robots deliver meals in a first for Aucklands Movies and Music in Parks The food delivery robots are coming. New Zealands largest online food delivery service, Menulog, is giving Aucklanders a taste of the future with the launch … Read more »

More Contact sees fewer complaints

Press Release – Contact Energy

More Contact sees fewer complaints Improved communication and empowering staff to resolve problems has seen Contact Energys share of deadlocked customer service complaints progress from one of the worst in sector to one of the best in the space … Read more »

NZ credit, debit card spending rises in December

Article – BusinessDesk

Jan. 16 (BusinessDesk) – New Zealand retail spending on electronic cards gained in December for the fourth month in a row, driven by higher fuel prices. Read more »

Retail card spending up in December

Press Release – Statistics New Zealand

Retail card spending rose 0.5 percent in the December 2017 month when adjusted for seasonal effects, Stats NZ said today. This is the fourth consecutive monthly rise in retail card spending. Read more »

NZ Online Retail Sales – provisional Dec 2017 and final Nov

Press Release – BNZ

BNZ and Marketview monthly report on New Zealands Online Retail Sales. HIGHLIGHTS November New Zealanders total online retail spending in November 2017 was 13% higher than the previous November December Provisional December figures show … Read more »

Michael Hill lifts 1H sales

Article – BusinessDesk

Jan. 12 (BusinessDesk) – Michael Hill International, the jewellery retailer founded by its namesake, lifted revenue 4.7 percent in the first half, though its US business continued to struggle. Read more »

Technology transforms consumer spending

Press Release – Statistics New Zealand

People are spending more online to rent a taxi, or a house for a night, and less on in-car satellite navigation and DVDs, Stats NZ said today. As a result of these changes in technology, the consumers price index (CPI) basket of goods and services … Read more »

December Results Confirm Another Record Year for Second Hand

Press Release – Turners Car Auctions

The figures are in, and 2017 was once again a record year, with 1.14 million used car transactions. This continues the trend of annual increases that we have seen since 2011. Read more »

Nextgen Energy Accepts Bitcoin for Bill Payment

Press Release – NextGen Energy

Nelson, New Zealand (11 Jan 2017) Nelson-based power retailer NextGen Energy announces it is now accepting Bitcoin for payment of electricity bills. The social enterprise company operates as a not-for-profit , uniquely donating all net profits … Read more »

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