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Igloo Celebrates Commerce Commission Decision

16 May 2012 6:55pm | IGLOO

/ MEDIA RELEASE 16 May 2012 Igloo Celebrates Commerce Commission Decision General Manager of IGLOO Chaz Savage is delighted with the Commerce Commission’s decision that IGLOO’s joint venture is not anti-competitive and does not breach the Commerce ... More >>

Working party meets on common ground

16 May 2012 6:39pm | Young Horticulturist Of The Year

An opportunity to learn from industry experts and experience a cross section of business in the horticultural industry brought together six of the country’s top young horticulturists to a training forum at Bayer New Zealand’s head office in Auckland, in May.(15th ... More >>

IG Markets - Afternoon Thoughts

16 May 2012 6:25pm | IG Markets

Across Asia, markets have extended their losses as risk aversion escalates after Greece failed to form a government, putting fresh elections and a potential euro exit on the cards. In US trade, markets extended their losses after having traded ... More >>

Generation Homes embarks on rapid expansion plan

16 May 2012 6:23pm | Generation Homes

In a market which has seen several well-known building franchises fail, national home building company Generation Homes is forging ahead with its large-scale expansion plans for five new offices in four regions across New Zealand. More >>

MARKET CLOSE: NZ shares fall; Sky TV down on regulator probe

16 May 2012 6:03pm | BusinessDesk

May 16 (BusinessDesk) - New Zealand shares fell, led by the News Corp-controlled Sky Network Television after the regulator said it will investigate the pay-TV company's content deals with internet service providers. Fisher & Paykel Healthcare led ... More >>

AWF FY profit falls 23% on goodwill writedown, sales gain

16 May 2012 6:00pm | BusinessDesk

May 16 (BusinessDesk) - AWF Group, the contract labour company, reported a 23 percent fall in net profit as it wrote down the value of its goodwill, even as it lifted sales by 19 percent. More >>

Wellington Drive sees profit in 2013, first since listing

16 May 2012 5:37pm | BusinessDesk

May 16 (BusinessDesk) - Wellington Drive Technologies is forecasting a profit in 2013, the first since listing on the NZX in 2001, as its turnaround cost cutting drive starts to widen the margin on sales of its energy efficient refrigeration motors. More >>

NZ dollar falls to 4 1/2 mth low on talk of Greek euro exit

16 May 2012 5:22pm | BusinessDesk

NZ dollar falls to 4 1/2 mth low amid concerns Greece will give up the euro More >>

Lodges of New Zealand announces new executive team

16 May 2012 4:30pm | Lodges of New Zealand

Zealand’s most intimate, luxurious and unique lodges. Lodges of New Zealand is a group of 27 carefully selected members, each of which have to meet strict criteria and offer distinguishing features to ensure they stand out in the five-star market. More >>

MediaWorks joins queue of Igloo critics

16 May 2012 4:07pm | BusinessDesk

May 16 (BusinessDesk) - A tie-up between pay-TV operator Sky Network Television and state-owned Television New Zealand will hamper competition in the pay-TV market and undermine free-to-air broadcasters, according to private equity-owned rival MediaWorks. More >>

First NZ standard for organic health and bodycare products

16 May 2012 3:56pm | BioGro

Driven by producer and consumer demand, leading organic certifier BioGro has drafted New Zealand’s first organic standard specifically for local manufacturers of skin care products, hair treatments, decorative cosmetics and perfumery, waters, toiletries ... More >>

Oyang 77 charges laid

16 May 2012 3:34pm | Ministry For Primary Industries

Charges have been laid against the skipper and factory manager of the Oyang 77 in relation to misreporting and illegal dumping of fish, the Ministry for Primary Industries (MPI) has advised today. More >>

Oyang 77 captain, manager charged in NZ over fish dumping

16 May 2012 1:26pm | BusinessDesk

May 16 (BusinessDesk) - The skipper and factory manager of the Oyang 77, a fishing vessel part-owned by South Korea’s biggest fishing company, will face 13 charges of misreporting and illegal dumping of fish, the Ministry of Primary Industries says. More >>

InternetNZ to organise meeting of ICT NGOs

16 May 2012 1:13pm | InternetNZ

InternetNZ (Internet New Zealand Inc) has issued an open invitation to NGOs active in the ICT sector to a meeting on Wednesday 11th July 2012 in Auckland. The invitation is published at http://tinyurl.com/cfwgu2b . More >>

Time is money: simplifying taxation of small business in NZ

16 May 2012 12:57pm | Institute of Chartered Accountants

The New Zealand Institute of Chartered Accountants (NZICA) has today released the second instalment of its thought leadership paper on ways to simplify taxation for New Zealand’s thousands of small businesses. More >>

Quickflix welcomes probe of Sky TV content deals

16 May 2012 12:56pm | BusinessDesk

Quickflix welcomes probe of Sky TV content deals it says freeze out rivals By Paul McBeth More >>

IG Markets - Morning thoughts and opening prices

16 May 2012 12:45pm | IG Markets

Good morning, In US trade, markets extended their losses after having traded in positive territory early in the session. Positive US and eurozone economic data had lifted sentiment early, but this did not last long as Greece once again dampened ... More >>

Learn how to use your computer to increase productivity

16 May 2012 12:22pm | Kinetics

According to research commissioned by the New Zealand Computer Society, Kiwi businesses are losing approximately $1.7 billion per year in productivity due to a continuing lag in IT competence in the workplace. It is a challenge that one Kiwi company is ... More >>

Kiwi Income has $89.2M profit, distributable income up 4.2%

16 May 2012 12:14pm | BusinessDesk

May 16 (BusinessDesk) - Kiwi Income Property Trust's manager said the property investor turned to an $89.2 million annual net profit from a $26.4 million loss, reflecting the insurance payout on its PricewaterhouseCoopers building in Christchurch offset ... More >>

Goodyear Eagle F1 Asymmetric 2 named best tyre

16 May 2012 12:06pm | Goodyear

Goodyear is delighted to announce that the Eagle F1 Asymmetric 2 has been named as the “Best Tyre” in the 2012 Auto Express Product Awards. The win follows the tyre’s first place ranking in the highly popular automotive magazine’s “Big ... More >>

CERA lawyer takes top honours

16 May 2012 11:53am | CERA

The chief legal officer at the Canterbury Earthquake Recovery Authority has been awarded the coveted Chapman Tripp Public Sector In-House Lawyer of the Year award. More >>

Igloo joint venture won't lessen pay TV market competition

16 May 2012 11:51am | Commerce Commission

The Commerce Commission has completed its investigation into the joint venture between Television New Zealand Limited (TVNZ) and Sky Network Television Limited (Sky) finding the pay TV market will not be less competitive as a result of the venture. More >>

Cottonsoft Welcomes New Forest Protection Policies

16 May 2012 11:30am | Alexander Communications

Tissue and toilet paper manufacturer Cottonsoft has welcomed a raft of new sustainability measures by its Indonesia-based supplier Asia Pulp & Paper Group (APP). APP’s new forest protection policies include a commitment to suspend the clearing of natural ... More >>

Finalists picked for 2012 Public Sector Excellence Awards

16 May 2012 11:21am | Institute of Public Administration New Zealand

The finalists for the 2012 gen-i Public Sector Excellence Awards have been announced today by the Institute of Public Administration New Zealand (IPANZ). Held jointly between IPANZ and gen-i, the annual awards recognise and reward outstanding performances ... More >>

Fall in Skilled Vacancies in April

16 May 2012 10:45am | Department Of Labour

MEDIA ReleaSE 16 MAY 2012 Fall in Skilled Vacancies in April: Department Of Labour Jobs Online The Department of Labour’s Jobs Online report shows skilled job vacancies decreased by a seasonally adjusted 3.1 percent in April compared to March, while ... More >>

Auckland Airport’s new Lounge voted the best

16 May 2012 10:39am | Auckland Airport

Auckland Airport’s new Lounge voted the best The Malaysian Airlines Customers Experience Awards, held in Kuala Lumpur, saw Auckland Airport’s new luxury lounge secure the award for ‘Best 3rd Party Lounge’. The Emperor Lounge was awarded ... More >>

Smokes, booze and property tax breaks prime Budget targets

16 May 2012 10:35am | BusinessDesk

May 15 (BusinessDesk) – Finance Minister Bill English may hike the excise on tobacco and alcohol and further tighten rules on property investment to help bridge the $640 million shortfall in his pledge to return to budget surplus in 2015. More >>

Red Hat Celebrates 10 Years of Red Hat Enterprise Linux

16 May 2012 10:31am | Red Hat

From Early Enterprise Linux Yearsto the Open Source Compute Platform ofChoice for Todayand Tomorrow’s Physical, Virtual, and CloudIT Environments More >>

Hannah on SMEs: It's lonely at the top

16 May 2012 10:21am | BusinessDesk

May 15 (BusinessDesk) - Small business owners know all about being lonely. It’s an isolating position to be in once the excitement of being your own boss wears off. Yes, you pick your own hours, bringing freedom, independence and flexibility but ... More >>

ANZ Bank to invest A$300 mln in China to expand network

16 May 2012 9:57am | BusinessDesk

May 16 (BusinessDesk) - Australia and New Zealand Banking Group, Australia's third-largest lender, plans to invest A$300 million to expand its branch network and increase lending in China, the world's second-biggest economy. More >>

Regional awards reveal top players

16 May 2012 9:51am | Harcourts

Harcourts acknowledged the successes of its top performing Sales Consultants at four regional end of year awards ceremonies held across the country last week. More >>

One in Two Kiwis Seeking New Opportunities

16 May 2012 9:47am | SEEK

MEDIA RELEASE 16th May 2012 One in Two Kiwis Seeking New Opportunities One in two Kiwis are contemplating a career change in the next six months, reveals a survey released by seek.co.nz today. SEEK, New Zealand’s largest job source, ran the survey ... More >>

Bayleys wins Property Employer of the Year Award

16 May 2012 9:42am | Bayleys

Leading real estate agency Bayleys has become the first company to receive the Auckland University Graduate Employer of the Year Award. More >>

Regulator probes Sky TV content contracts, approves Igloo JV

16 May 2012 9:10am | BusinessDesk

NZ regulator launches probe into Sky TV content contracts, gives thumbs up to Igloo JV More >>

NZ dollar drops as Greece calls new poll, dairy prices fall

16 May 2012 8:50am | BusinessDesk

May 16 (BusinessDesk) - The New Zealand dollar fell 1 US cent after Greek politicians called for new elections after crisis talks failed and dairy product prices declined for the third straight sale in Fonterra's global auction. More >>

While you were sleeping: Worries on euro risk

16 May 2012 7:42am | BusinessDesk

May 16 (BusinessDesk) - Wall Street struggled after Greece called for a new election following politicians' failure to form a government, even as American data provided good news on the US economy. The euro sank to a four-month low against the greenback. More >>

Dairy product prices drop to 3-yr low in Fonterra’s GDT sale

16 May 2012 6:49am | Businesswire

May 16 (BusinessDesk) – Prices of dairy products fell for the third straight sale in Fonterra Cooperative Group’s GlobalDairyTrade auction, reaching a new three-year low as China’s slowdown and euro-zone uncertainty weighed on commodities. More >>

Le Cordon Bleu toasts Jane Skilton MW as Wine Director

15 May 2012 6:28pm | Le Cordon Bleu

Media Release 15 May 2012 Le Cordon Bleu toasts Jane Skilton MW as Wine Director British born Master of Wine, Jane Skilton, has been announced as Wine Education Director for Le Cordon Bleu New Zealand, the latest addition to the renowned culinary institute’s ... More >>

IG Markets - Afternoon thoughts

15 May 2012 6:19pm | IG Markets

Across Asia, markets have reversed the gains they posted yesterday as they caught up to the losses posted in European and US markets. Although we didn’t have many fresh leads from European and US trade, investors were in a risk off mood, as Europe’s ... More >>

New Sales Manager Appointed at Hilton Queenstown

15 May 2012 6:15pm | Hilton Queenstown

Jennifer Middleton has been appointed as Sales Manager for Hilton Queenstown and Kawarau Hotel, managed by Hilton. More >>

Students Average $94K In Last 12 Months

15 May 2012 6:13pm | Property Tutors Ltd

Wellington Property Investor Steve Goodey Mentors Students To Achieve Combined Gross Equity of $1.517 million in Last 12 Months More >>

NZ Fertiliser Quality Council Goes High-Tech

15 May 2012 6:11pm | Federated Farmers

The New Zealand Fertiliser Quality Council (FQC) will be using a webcast, streamed live, to launch their new educational program, New Zealand Needs Fertiliser and Plants Need Food. The webcast will come from the University of Waikato in Hamilton. FQC ... More >>

International worries dominate local trading

15 May 2012 6:08pm | CMC Markets

The markets are in a cloud of uncertainty today as international worries dominate local trading. More >>

MARKET CLOSE: NZ shares fall; OceanaGold drops with gold

15 May 2012 5:59pm | BusinessDesk

May 15 (BusinessDesk) - New Zealand shares fell, led by OceanaGold, which fell to the lowest level in more than two years as the price of gold weakened. Port of Tauranga and Ryman Healthcare paced the decline. More >>

Rebstock to head panel assessing actuarial value of welfare

15 May 2012 5:35pm | BusinessDesk

May 15 (BusinessDesk) - Former Commerce Commission chair Paula Rebstock will head a new panel tasked with overseeing the actuarial valuation of New Zealand's long-term welfare liabilities. More >>

NZ dollar may rise as Facebook euphoria stokes risk appetite

15 May 2012 5:29pm | BusinessDesk

May 15 (BusinessDesk) - The New Zealand dollar may rise over the next couple of days as reports that Facebook 's initial public offering closed before its official Friday launch stokes investor appetite for growth or riskier assets. More >>

Market Overview: 14 May 2012

15 May 2012 4:51pm | Direct FX

Risk aversion increased throughout the wider financial markets last week. The leading contributor was undoubtedly the inability of Greek politicians to cobble together some sort of leadership in order to avoid having to go to the polls again. More >>

NZ farm sales set to fall as stellar season ends, REINZ says

15 May 2012 4:40pm | BusinessDesk

NZ farm sales set to fall as stellar season comes to an end, REINZ says More >>

Small Business Group Calls for More Clarity

15 May 2012 4:16pm | Ministry of Economic Development

The Small Business Advisory Group has today called for more clarity, certainty, continuity and capability building to allow small and medium sized enterprises to operate with confidence. More >>

Emerging Caution Balances Gains in Rural Property Market

15 May 2012 3:45pm | REINZ

Data released today by the Real Estate Institute of NZ (“REINZ”) shows there were 153 more farm sales (+52.8%) for the three months ended April 2012 than for the three months ended April 2011. More >>

Gen-i Appointed to IT Managed Services Panel

15 May 2012 3:34pm | gen-i

Gen-i today announced it has been appointed to the procurement panel for the provision of IT managed services led by the Ministry for Primary Industries (MPI). More >>

Gross Domestic Product: December 2011 Quarter

15 May 2012 3:09pm | Statistics New Zealand

Statistics NZ Media release and Information release: Gross Domestic Product: December 2011 quarter (new industry classification) More >>

Air Pacific to Relaunch With New Partners Onboard

15 May 2012 2:21pm | Air Pacific

Air Pacific continues to prepare for a significant relaunch in 2013 with the announcement today of three key strategic partnerships. The partnerships will further enhance international travellers’ in-flight experience onboard the revitalised airline. More >>

NZ electioneering puts TVNZ at 'commercial disadvantage'

15 May 2012 2:06pm | BusinessDesk

May 15 (BusinessDesk) - State-owned broadcaster Television New Zealand wants to ditch its legislated obligation to provide an advertising platform in the lead-up to a general election, saying the low-rating broadcasts go against its new remit to act ... More >>

Y&R Wins Quickflix Creative Account For Australia & NZ

15 May 2012 12:22pm | YR Advertising

Y&R NZ has been appointed creative agency for Quickflix Australia and New Zealand and will start immediately on developing separate campaigns for both markets. More >>

IG Markets - Morning thoughts and opening prices

15 May 2012 12:17pm | IG Markets

Good morning Last night it was a case of 'same story, different day'. Despite ongoing negotiations between the various political parties to cobble together a coalition government, an agreement failed to be reached, making fresh elections next month ... More >>