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Statistics New Zealand update for 6 December 2016

Tuesday, 6 December 2016, 5:19 pm | Statistics New Zealand

Statistics NZ's website has been partially restored, following the 7.8 earthquake on 14 November 2016. More >>

Kotahi partners with Cape Sanctuary

Tuesday, 6 December 2016, 5:16 pm | Kotahi

Kotahi, the country’s largest export supply chain collaboration, has signed a long-term partnership with Cape Sanctuary, a significant wildlife restoration programme at Cape Kidnappers, in a bid to protect native New Zealand birds. More >>

Chatham, Deltares, Boskalis receive Dutch Government grant

Tuesday, 6 December 2016, 5:15 pm | Chatham Rock Phosphate

Chatham Rock Phosphate and its Dutch technical partners Boskalis and Deltares have received Dutch government research funding to improve the environmental management of marine mining. This co-funding has been awarded by The Netherlands based Topsector ... More >>

Completion of investment by Shanghai Maling

Tuesday, 6 December 2016, 4:51 pm | Silver Fern Farms

Dunedin 6 December 2016: Silver Fern Farms and Shanghai Maling have completed their partnership today, creating a strong future for the company. More >>

Bill English’s call for investment in human capital welcomed

Tuesday, 6 December 2016, 4:48 pm | E tu

E tū, the country’s largest private sector union, welcomes today’s comments from Deputy Prime Minister Bill English in his opening address at the Government Economics Network annual conference. More >>

WASSP Sounder Technology Receives a $15.0m R&D Growth Grant

Tuesday, 6 December 2016, 4:46 pm | Electronic Navigation Ltd

ENL Group will receive a $15m R&D Growth Grant from Callaghan Innovation to assist with ongoing investment in its globally recognised and New Zealand made WASSP Multibeam Sounder. More >>

Support for Local Businesses Affected by Kaikoura Earthquake

Tuesday, 6 December 2016, 4:42 pm | Transformed Teams

Wellington, New Zealand: Transformed Teams is partnering with Wellington Regional Economic Development Agency (WREDA) to offer free support to businesses displaced by the 14 November earthquakes. More >>

Hellaby continues to be unrealistic on valuation says Bapcor

Tuesday, 6 December 2016, 4:06 pm | Bapcor Limited

6 December 2016: Bapcor CEO Darryl Abotomey says the Hellaby Board’s suggestion that an 18 cent dividend be paid in addition to Bapcor’s revised $3.60 cash offer price is a continuation of Hellaby’s unrealistic views on the company’s valuation. ... More >>

One New Director, Nine New Shareholders’ Councillors Elected

Tuesday, 6 December 2016, 4:01 pm | Fonterra

Today, following the close of voting in the 2016 Fonterra Elections it has been confirmed that one new Director and nine new Shareholders’ Councillors will take office following the Fonterra Annual Meeting on Thursday. More >>

$300M benefit to consumers touted from subsidy removal

Tuesday, 6 December 2016, 3:48 pm | BusinessDesk

Dec. 6 (BusinessDesk) - The Electricity Authority is ending subsidies to power stations that are embedded in local electricity networks rather than connected to the national grid in a move the regulator says will save consumers around $25 million to $35 million ... More >>

Foreign ownership of NZ sharemarket hits six year high

Tuesday, 6 December 2016, 3:38 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Foreign ownership of companies listed on the New Zealand sharemarket has risen to 36.3 percent, its highest level since June 2010, according to JBWere’s Foreign Ownership Survey. More >>

Results Announced for the 2016 Fonterra Elections

Tuesday, 6 December 2016, 3:00 pm | Fonterra

Returning Officer Warwick Lampp, of electionz.com Ltd , has declared the final results of the 2016 elections for the Fonterra Board of Directors, Directors’ Remuneration Committee, Fonterra Farmer Custodian Trustee and Shareholders’ Council. More >>

Local Government NZ backs national tourism levy

Tuesday, 6 December 2016, 2:52 pm | BusinessDesk

Dec. 6 (BusinessDesk) - New Zealand's spending on tourism infrastructure needs to increase and it isn't realistic to expect ratepayers to foot the bill, especially in smaller towns reliant on tourists such as Franz Josef, says Lawrence Yule, president ... More >>

Wellington Drive Technologies Announcement

Tuesday, 6 December 2016, 2:43 pm | Wellington Drive Technologies

Wellington Drive Technologies is pleased to announce that following the conclusion of a global beverage brand’s comprehensive technology sourcing process it has been selected as an approved supplier of connectivity hardware for use in the brand’s ... More >>

Gym and location need fresh inspiration

Tuesday, 6 December 2016, 2:37 pm | Ara Institute

Tim Bean and Anne Laing travel the world inspiring others, but when it came to revitalising their own building in Timaru, the historic Grainstore, they needed some fresh ideas. More >>

Pharmacy report 2016: Steady as she goes

Tuesday, 6 December 2016, 2:19 pm | Moore Stephens Markhams

Challenging times experienced by the country’s pharmacy industry over the past few years may have flattened out and, for most. profitability levels are steady, according to the latest Moore Stephens Markhams New Zealand pharmacy benchmarking ... More >>

Charity plight highlights role of financial reserves

Tuesday, 6 December 2016, 1:56 pm | Latitude Group

The Canterbury West Coast Air Rescue Trust is usually putting away extra money at this time of year to get through the holiday season – the busiest time of year for rescues. More >>

Kiwi startup raises $620,000 to expand in North America

Tuesday, 6 December 2016, 1:38 pm | BusinessDesk

Dec. 6 (BusinessDesk) - New Zealand cloud-based software startup Datagate has raised $620,000 so far in an over-subscribed capital raise supported by existing and new investors which will be used to expand its sales team as it pushes into North America ... More >>

SkyCity names John Mortensen as chief operating officer

Tuesday, 6 December 2016, 1:27 pm | BusinessDesk

Dec. 6 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's dominant casino company, named John Mortensen to the new role of group chief operating officer. More >>

NZ government accounts show smaller-than-expected deficit

Tuesday, 6 December 2016, 1:25 pm | BusinessDesk

Dec. 6 (BusinessDesk) - The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More >>

Auckland gets a Taste of Mount Michael Wines

Tuesday, 6 December 2016, 1:16 pm | Mount Michael

At the recent Taste Auckland, amongst all the big name wineries, a stand out was a small wine bar with an enthusiastic owner who charmed the trade and public alike. More >>

Scales raises 2016 annual earnings forecast

Tuesday, 6 December 2016, 1:13 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Scales Corp, the best-performing stock on the S&P/NZX 50 Index this year, raised its forecast for annual earnings with the apple company citing improvement across all its divisions and a standout performance from its horticulture ... More >>

$300M for consumers from embedded generation subsidy removal

Tuesday, 6 December 2016, 1:06 pm | BusinessDesk

Dec. 6 (BusinessDesk) - The Electricity Authority is ending subsidies to power stations that are embedded in local electricity networks rather than connected to the national grid in a move the regulator says will save consumers around $300 million a year. More >>

Architects fear employers prioritize software over design

Tuesday, 6 December 2016, 1:03 pm | Hays Recruitment

Architectural professionals are concerned that some employers are prioritising a candidate’s BIM software skills over their design capabilities, which will have long-term consequences for the industry’s talent pipeline and reputation. More >>

New Zealand’s Best and Worst Airports Revealed

Tuesday, 6 December 2016, 12:57 pm | Cheapflights

Cheapflights research shows Christchurch leads the nation while Auckland ranks last More >>

Book Publishing Industry Rebounds

Tuesday, 6 December 2016, 12:51 pm | Copyright Licensing NZ

A report released today on the economic contribution of New Zealand book publishing shows that the industry has rebounded from difficult trading conditions in 2013 and 2014 to a position of growth in sales of both physical books and eBooks in 2015. More >>

Give Young Patients a Better Christmas

Tuesday, 6 December 2016, 12:37 pm | Westfield

Christmas is traditionally a special time when families come together, exchange gifts and share joy but for many young people, this occasion can highlight the hard times they are facing in hospital. More >>

Sleepyhead launch range of designer headboards

Tuesday, 6 December 2016, 12:35 pm | Sleepyhead

Following the success of Sleepyhead’s luxury Sanctuary range, the New Zealand company has launched a range of designer headboards to transform any bedroom into a stylish haven. More >>

Top winery proposes vineyard village in Central Otago

Tuesday, 6 December 2016, 12:23 pm | Wooing Tree Wine

Leading Central Otago winery Wooing Tree Vineyard has today released plans that will enable the development of a boutique residential and commercial space designed to complement its wine business in Cromwell. More >>

EWRB joins the fight against cowboys

Tuesday, 6 December 2016, 12:20 pm | Ministry of Business Innovation and Employment

Having a stand-off over electrical work? Now there’s an easy way to report that cowboy. More >>

NZ Transport Companies Sold, New Owner Eyes Growth

Tuesday, 6 December 2016, 12:17 pm | CHAMP

An agreement has been signed for the acquisition of a group of New Zealand transport and shipping companies owned by the Barker family, in keeping with the company founder’s wishes. More >>

Three New Sector Leads to Drive Water Strategy

Tuesday, 6 December 2016, 12:12 pm | Opus International Consultants

Opus International Consultants (Opus) has appointed three global Sector Leaders to drive and implement its new water strategy. More >>

‘Tis the season to be shopping online

Tuesday, 6 December 2016, 11:59 am | Ministry of Business Innovation and Employment

Online spending could replace physical shopping at Christmas time for some consumers, but Consumer Protection reminds those who enjoy the task of typing rather than swiping to consider the risks. More >>

NZ dollar recovers ground after surprise Key resignation

Tuesday, 6 December 2016, 11:57 am | BusinessDesk

Dec. 6 (BusinessDesk) - The New Zealand dollar regained the ground shed after the shock resignation of Prime Minister John Key as traders await tonight's GlobalDairyTrade auction that's expected to produce another increase in milk powder prices. More >>

Datagate oversubscribes and extends rights issue

Tuesday, 6 December 2016, 11:44 am | Datagate

AUCKLAND, 6 December, 2016 – New Zealand cloud software start-up Datagate Innovation Limited has successfully oversubscribed a $500,000 rights issue to existing shareholders – and subsequently extended the issue to include new investors. More >>

Highly Flammable Appoints New GM

Tuesday, 6 December 2016, 11:25 am | Highly Flammable Entertainment

New Zealand’s premiere entertainment organisation Highly Flammable has hired new General Manager Scout Liu to take the reigns. More >>

Designworks Wellington Welcomes Back Shayne Priddle

Tuesday, 6 December 2016, 11:16 am | designworks

Wellington, December 6, 2016 : Designworks Wellington has appointed Shayne Priddle as Client Services Director Wellington, responsible for the leadership of the client services team and developing client relationship strategy as a core discipline. More >>

Prattley Enterprises Ltd v Vero Insurance New Zealand Ltd

Tuesday, 6 December 2016, 11:03 am | NZ Supreme Court

This summary is provided to assist in the understanding of the Court’s judgment. It does not comprise part of the reasons for that judgment. The full judgment with reasons is the only authoritative document. The full text of the judgment and reasons ... More >>

Scales Corporation Upgrades 2016 Earnings Guidance

Tuesday, 6 December 2016, 11:03 am | Scales Corporation Ltd

The directors of Scales Corporation Limited (NZX:SCL) have raised EBITDA guidance for the twelve months to 31 December 2016 to between $66 million and $69 million, an increase over the 2015 financial year underlying EBITDA of between 7.5 and 12.4 ... More >>

LPL level up investment in ANZ eSports

Tuesday, 6 December 2016, 10:59 am | Letsplay.live

Letsplay.live has joined forces with Tainted Minds to create a partnership that ensures they’re on their way to becoming a dominant League of Legends team in the Oceanic Pro League. More >>

Markets Digesting Italian Referendum Turbulence

Tuesday, 6 December 2016, 10:35 am | ThinkMarkets

Markets Digesting Italian Referendum Turbulence | Hopes on ECB | Trump Maintains His Stance on China More >>

Credit Quality of APAC Covered Bonds Will Remain Strong

Tuesday, 6 December 2016, 10:13 am | Moody's Investors Service

The credit quality of Australian, New Zealand, Korean and Singaporean covered bonds will remain strong in 2017, underpinned by the credit quality of issuers and sovereigns. More >>

Industry, media ‘must ensure consumers get food facts’

Tuesday, 6 December 2016, 10:12 am | Food and Grocery Council

The food industry and the media have a responsibility to ensure consumers are receiving information about food based on fact, not fads and hearsay, say two public relations practitioners. More >>

UPDATE: Hellaby's independent directors want dividend

Tuesday, 6 December 2016, 10:00 am | BusinessDesk

Dec. 5 (BusinessDesk) - The independent directors of Hellaby Holdings said they won't support Bapcor's sweetened takeover unless it also includes a dividend payment that would use up imputation credits. More >>

Xero Launches New Partner Program

Tuesday, 6 December 2016, 9:57 am | Xero

WELLINGTON, 6 December 2016 - Xero today marked a milestone launching its expanded Partner Program and Advisor Directory powered by an innovative Facebook Messenger chatbot service, connecting Xero’s global network of more than 100,000 business ... More >>

NZ Rugby Player's New Smoothie Delivery Venture

Tuesday, 6 December 2016, 9:55 am | Craft Smoothie

Former rugby player, Riki Hoeata, has turned a career-ending concussion into the catalyst for launching his nation-wide smoothie delivery business , Craft Smoothie. More >>

Offshore ownership hits a five year high

Tuesday, 6 December 2016, 9:52 am | JBWere

* Foreign ownership of the New Zealand equity market increased to 36.3% from 32.6% in 2015. This is the highest level since 2011. More >>

HiFX Morning Update, December 6 2016

Tuesday, 6 December 2016, 8:56 am | HiFX

The NZDUSD opens at 0.7141 (mid-rate) this morning. After falling back below 0.7100 from a high of 0.7150 following the shock resignation of Prime Minister John Key the NZD has retraced the move and we open up this morning with the NZD retesting ... More >>

While you were sleeping: Dow hits record high

Tuesday, 6 December 2016, 7:39 am | BusinessDesk

Dec. 6 (BusinessDesk) - Wall Street rose, with the Dow climbing to a fresh record, as did oil prices as investors chose to focus on the prospect of an improving US economy and shook off the results of an Italian referendum. More >>

English refuses to say if will stand for PM

Monday, 5 December 2016, 10:10 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Deputy prime minister Bill English has paid tribute to John Key, but refused to confirm if he would seek to replace him in the top job. More >>

Synthase Biotech raises $800,000 for groundbreaking research

Monday, 5 December 2016, 10:07 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Synthase Biotech, set up last year to commercialise a plant-based enzyme that stops fats going rancid, has raised $800,000 in its first external capital raising. More >>

Lobby group loses challenge to state housing sale

Monday, 5 December 2016, 10:03 pm | BusinessDesk

Dec. 5 (BusinessDesk) - The High Court has dismissed a challenge by a lobby group against the government’s plans to sell 1124 state houses in Tauranga to a private provider. More >>

MARKET CLOSE: NZ shares drop, Sky TV and Steel & Tube fall

Monday, 5 December 2016, 10:00 pm | BusinessDesk

Dec. 5 (BusinessDesk) - New Zealand shares declined, dragged lower by Ryman Healthcare, Sky TV and Steel & Tube Holdings, while Hellaby Holdings gained after a lift in its takeover offer from Bapcor. More >>

Andrew Little warns Key's replacement Labour 'ready to go'

Monday, 5 December 2016, 9:58 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Opposition leader Andrew Little has praised John Key's contribution to the government of New Zealand, but warned his successor that Labour is "ready to go" whoever is appointed. More >>

Trade Me sells Travelbug, Bookit for undisclosed sum

Monday, 5 December 2016, 9:56 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Trade Me Group has sold its accommodation website Travelbug and online booking engine BookIt, to interests associated with the Torpedo7 sporting goods site for an undisclosed sum. More >>

$105,000 fine for role in cattle tagging price-fixing ring

Monday, 5 December 2016, 9:54 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Five men have been ordered by the High Court at Auckland to pay a total $105,000 for their roles in a price-fixing agreement over cattle tagging. More >>

NZ dollar falls vs greenback after Key resigns

Monday, 5 December 2016, 9:51 pm | BusinessDesk

Dec. 5 (BusinessDesk) - The New Zealand dollar fell against the greenback after PM John Key said he will step down and rose against the euro after Italian Prime Minister Matteo Renzi said he would resign after losing a referendum on constitutional ... More >>

NZ sheep, beef farmer confidence drops sharply

Monday, 5 December 2016, 9:50 pm | BusinessDesk

Dec. 5 (BusinessDesk) - A sharp slump in confidence amongst beef and sheep farmers has tempered dairy farmer optimism in the latest Rabobank confidence survey of New Zealand farmers. More >>

NZ retirement age in question with Key exit

Monday, 5 December 2016, 5:38 pm | BusinessDesk

NZ retirement age in question with Key exit; Labour's Little rules out raising age More >>

Torpedo7 and 1-Day founders behind acquisition of Travelbug

Monday, 5 December 2016, 5:34 pm | Travel Booking Services 2016 LP

Torpedo7 and 1-Day founders behind acquisition of Trade Me’s Travelbug and BookIt online businesses More >>

 

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