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Promoting excellence in irrigation development

09 February 2012 8:53pm | Irrigation NZ

Promoting excellence in irrigation development and efficient water management News Release February 9 2012 – for immediate release More >>

BNZ Weekly Overview Feb 9

09 February 2012 8:41pm | Bank of New Zealand

Welcome to the February 9 2012 issue of the BNZ Weekly Overview. This week we have released results from our two monthly surveys. The Confidence Survey shows sentiment up marginally to a net 13% positive about the economy over the coming year from just ... More >>

NZ dollar stumbles after weak jobs data; Greek deal looms

09 February 2012 6:59pm | BusinessDesk

Feb. 9 (BusinessDesk) – The New Zealand dollar declined after government figures showed tepid jobs growth in the final three months of last year and sapped demand for the currency, amid mounting speculation Greece will finally cut a deal with its ... More >>

South Port posts 12.3% loss; affirms full year guidance

09 February 2012 6:14pm | BusinessDesk

Feb. 9 (BusinessDesk) – South Port New Zealand, which operates the nation’s southern-most port at Bluff, posted a 12.3 percent decline in first half profit, while affirming its guidance for full year earnings. More >>

MARKET CLOSE: NZ shares extend gains, led by retailers

09 February 2012 6:09pm | BusinessDesk

Feb. 9 (BusinessDesk) – New Zealand shares extended gains for a fourth day led by retailers as the sector starts to show renewed signs of vigour. Pumpkin Patch led gainers. More >>

CORRECTION: NZ Experience says 1H profit fell about 25%

09 February 2012 5:55pm | BusinessDesk

(Corrects story that first ran yesterday that compared the first-half result with the full-year guidance) More >>

IG Markets Afternoon thoughts

09 February 2012 5:21pm | IG Markets

Across Asia, markets have lost ground after China’s January CPI rose by 4.5%, faster than a 4.1% rise in December and smashing expectations of another 4.1% rise in January. This reduces scope for further quantitative easing and will go some way ... More >>

Food Industry Group Rejects Otago Study Claims

09 February 2012 5:19pm | Food Industry Group

“Simplicity is desirable but traffic light labelling is anything but.” So says Lindsay Mouat, Deputy Chairman of the Food Industry Group (FIG), in reply to a Otago University study being used to promote a front-of-pack ‘traffic light systems’ ... More >>

BNZ-REINZ Residential Market Survey Results - December

09 February 2012 5:01pm | BNZ

Our latest BNZ-REINZ Residential Market Survey of New Zealand’s more than 10,000 real estate agents has found a clear lift in activity over the past month. More first home buyers are perceived to be seeking homes and for the first time since September ... More >>

Calling Designers, Engineers & Inventors: James Dyson Award

09 February 2012 4:58pm | James Dyson Award

2012 registrations for New Zealand’s long-running James Dyson Award opens today. The award, which is co-funded by the British Council NZ, challenges young engineers and designers to develop problem-solving inventions. More >>

New oil, gas exploration blocks offered under new NZ policy

09 February 2012 4:51pm | BusinessDesk

Feb. 9 (BusinessDesk) – The government is seeking bids from oil and gas explorers for 25 pre-determined onshore and offshore exploration blocks under a new policy that limits the number and location of new exploration sites. More >>

New Senior Appointment Continues Growth at Hirepool

09 February 2012 4:48pm | Hirepool Limited

Hirepool Limited has made a further new senior appointment as it continues to strengthen its position as the country’s premier rental equipment solutions provider. Michael Lim Chong has joined the senior management team at Hirepool as Commercial Manager. More >>

Feltex claimant group now over 2,500

09 February 2012 4:44pm | Feltex

In January 2012, Eric Houghton and Joint Action Funding Limited updated Feltex IPO investors who had suffered significant losses investing in the Feltex float in 2004, but had not yet opted in to the Houghton led claim. More >>

New Kono brand to boost exports for Wakatū Incorporation

09 February 2012 4:32pm | KONO NZ

Wakatū Incorporation has completed the new brand identity for its food and beverages businesses to boost exports of all the Kono New Zealand products. Aotearoa Seafoods, Tohu Wines and Ngatahi Horticulture are now known as Kono NZ LP. More >>

Kiwis Get Foodie Tour of the World with Pop-up Restaurant

09 February 2012 4:31pm | Mondo Travel

The latest concept from New Zealand’s most innovative travel company Mondo is the opening of its own pop-up restaurant headed up by MasterChef’s Brett McGregor, to give Kiwis a taste of cuisine from some of the world’s most popular destination ... More >>

New Kono brand aims to boost exports for Wakatū Inc

09 February 2012 4:29pm | KONO NZ

Wakatū Incorporation has completed the new brand identity for its food and beverages businesses to boost exports of all the Kono New Zealand products. More >>

Local ISP’s Will Bring Jobs, Better Broadband to Hawke's Bay

09 February 2012 4:28pm | Airnet NZ Ltd

Airnet sees major opportunities to improve regional internet and telecommunications options for businesses and consumers as the Government’s Ultrafast Broadband initiative becomes a reality. More >>

CTC flight training approved to issue Singapore Licenses

09 February 2012 4:26pm | Crew Training Centre

World leading airline pilot training provider, CTC Aviation Group plc (CTC), has gained approval by the Civil Aviation Authority of Singapore (CAAS) to train airline pilots for the country’s airlines. More >>

Solid Energy seeks consent for 5M tonne Stockton coal mine

09 February 2012 4:19pm | BusinessDesk

Feb. 9 (BusinessDesk) – State-owned coal miner Solid Energy has lodged resource consent applications for major new mining operations on the Stockton Plateau, targeting five million tonnes of high-grade coking coal, which is in demand internationally ... More >>

UPDATED: Mariner onsells GPG food asset for A$850k

09 February 2012 3:41pm | BusinessDesk

Feb. 9 (BusinessDesk) – Mariner Corp, the ASX-listed investment company, has immediately on sold one of the Guinness Peat Group food assets it bought this month. Its shares jumped by a fifth on the ASX. More >>

Petroleum Blocks Offer Supported by Industry

09 February 2012 3:38pm | PEPANZ

The petroleum exploration industry has welcomed the announcement of new exploration acreage being released for tender. More >>

Mariner onsells GPG food asset for A$850k, shares surge 20%

09 February 2012 3:36pm | BusinessDesk

Feb. 9 (BusinessDesk) – Mariner Corp, the ASX-listed investment company, has immediately on sold one of the Guinness Peat Group food it bought this month. Its shares jumped by a fifth on the ASX More >>

Solid Energy seeks consents for new mining block at Stockton

09 February 2012 3:16pm | Solid Energy NZ

Solid Energy has applied to the Buller District and West Coast Regional Councils for consent to develop a 5 million tonne coking coal resource at Stockton Opencast Mine north of Westport. More >>

ENEX takes a bow

09 February 2012 3:13pm | ENEX

The petroleum event ENEX, launched by EnergyNZ magazine in association with event management company Conferenz, has been recognised in the Asian Conference Awards. More >>

Steel & Tube's first-half profit falls 24%, outlook tepid

09 February 2012 3:10pm | BusinessDesk

Feb. 9 (BusinessDesk) - Steel & Tube Holdings, the construction materials supplier, reported a 2.4 percent fall in first-half profit, and isn't expecting much improvement in a hurry. More >>

New Zealand Entrepreneur Launches Amphibious Trucks

09 February 2012 3:05pm | SweeneyVesty

Amphitrucks capable of traveling up to 130km/h on land and over 60km/h on water were launched in Washington today. US military engineers and invited guests were the first in the world to see the “Phibian” in action at an event preceding the ... More >>

Next steps towards oil and gas exploration

09 February 2012 3:00pm | Ministry of Economic Development

Improvements in the process for permitting exploration for oil and gas will be implemented this year. “From 2012 we will exclusively use a ‘block offer’ annual competitive tender process to allocate permits for oil and gas exploration, and no longer use ... More >>

Comment re: reports of strike action

09 February 2012 2:56pm | Ports of Auckland

Ports of Auckland said this afternoon that despite media reports, it was yet to receive a 8th strike notice from the Maritime Union of New Zealand – Local 13 (MUNZ) More >>

Dunedin - Home of Coffee Connoisseurs

09 February 2012 2:51pm | Canstar

The survey by Canstar Blue asked kiwis to rate their satisfaction with the coffee shop where they had most recently purchased a coffee. Mojo Café with locations in Wellington, Palmerston North, Christchurch and Dunedin received five star ratings ... More >>

Dairying with Resilience: Dairy Women’s Network conference

09 February 2012 2:50pm | Dairy Women's Network

Helping dairying women along their journeys toward developing dairy businesses in the face of challenges is one of the main themes of this year’s Dairy Women’s Network annual conference. More >>

Kiwis would adopt highspeed broadband to tap video content

09 February 2012 2:48pm | BusinessDesk

Feb. 9 (BusinessDesk) – New Zealand consumers would take up ultrafast broadband (UFB) to tap into video content such as blockbuster movies and top-rating television programmes, according to a study commissioned by the antitrust regulator. More >>

83 per cent of New Zealand watching digital television

09 February 2012 2:44pm | Going Digital

New Zealand will start going digital in seven months and 83 per cent of households are ready for it, an increase of four per cent compared to the previous quarter. More >>

Wider Wool Interest

09 February 2012 2:33pm | New Zealand Wool Services International

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson, reports that the North and South Island auction this week comprising 20,000 bales saw an 81.6 percent clearance with a wider spread of buying activity. More >>

Shanghai Pexquin could have done with a little PR

09 February 2012 2:31pm | Woburn International

The clear left and right divide over the purchase of the 16 North-Island Crafar Farms (7,900 hectares) by the joint venture of Landcorp and the Milk New Zealand Holding (a subsidiary of Chinese investor Shanghai Pexquin Co Ltd.) created media ... More >>

Data Torque establishes beachhead in Africa

09 February 2012 2:06pm | Data Torque

Wellington based Software Company Data Torque has completed the design and project planning to implement their Revenue Management System (RMS) for the Swaziland Revenue Authority. The first stage is due to go live at the end of February. More >>

LIC lifts 1H net profit 12.3% as dairy farmers test more

09 February 2012 1:53pm | BusinessDesk

Feb. 9 (BusinessDesk) - Livestock Improvement Corporation (LIC), the listed dairy farmer cooperative, said first-half net profit rose 12.3 percent on growing use by farmers of its herd testing products. More >>

Emirates Introduces ‘Change Your Booking’ Online

09 February 2012 1:17pm | Emirates Airlines

Emirates is now offering enhanced website functionality to passengers who prefer to manage their own travel plans. Whether it is changing the time or date of travel, adding flights, or upgrading to Emirates First Class or Business Class, www.emirates.com/nz ... More >>

Another world first for Jetstar with global wine award

09 February 2012 1:09pm | Jetstar

Jetstar has achieved another global first, becoming the first low cost carrier to win Best Business Class White (Waipara Hills NZ, Sauvignon Blanc, 2010) at the prestigious Cellars in the Sky Awards held in London, UK. More >>

Ports of Auckland wharfies flag 7-day strike

09 February 2012 1:04pm | BusinessDesk

Feb. 9 (BusinessDesk) – The Maritime Union of New Zealand has issued Ports of Auckland with a new seven-day full strike notice. More >>

Criterion Manufacturing workers seek govt agencies' support

09 February 2012 12:59pm | EPMU

Workers from Auckland-based furniture manufacturer, Criterion Manufacturing, which went into receivership last week, meet in Papatoetoe this afternoon and tomorrow to explore what assistance they can get from WINZ and Inland Revenue. More >>

Fuji Xerox New Zealand strengthens executive team

09 February 2012 12:33pm | Fuji Xerox

Fuji Xerox New Zealand today announced the appointment of Gavin Pollard as General Manager of Sales Operations effective 1 April 2012. This announcement follows the recent appointment of Paul Prouse to General Manager of Services and Solutions – ... More >>

LegaSea looking to a bright future

09 February 2012 12:27pm | New Zealand Sport Fishing

LegaSea is a new initiative with the vision of achieving more fish in the water and a healthy marine environment as a legacy for ourchildren. A well established organisation is taking the lead. The New Zealand Sport Fishing Council and its partners are expecting ... More >>

OPC Tongariro appoints passionate new Centre Manager

09 February 2012 12:16pm | Sir Edmund Hillary Outdoor Pursuits Centre

A career outdoor instructor and UK champion in mountain-bike orienteering has been appointed Centre Manager at OPC’s Tongariro base. Janet Prier has immigrated to New Zealand to take up the appointment after a 26-year career in outdoor education ... More >>

TelstraClear returns to 1H EBIT profit on cost-cutting

09 February 2012 12:12pm | BusinessDesk

Feb. 9 (BusinessDesk) – TelstraClear, the local subsidiary of Australian phone company Telstra, returned to profit on a pretax earnings basis as it recognised benefits from its cost-cutting programme. More >>

NZDF Welcomes Appointment of Court Martial Judges

09 February 2012 12:05pm | New Zealand Defence Force

The New Zealand Defence Force welcomes the appointment of Judge Anne Gaskell and Judge Philip Hall as Judges of the Court Martial. More >>

NZ annual jobs growth ‘broadly positive’, jobless rate falls

09 February 2012 11:46am | BusinessDesk

Feb. 9 (BusinessDesk) – New Zealand’s annual jobs growth shows the economy is moving in the right direction, with the unemployment rate falling to a 21-month low on a sharp rise in the number of part-time workers. More >>

Staff from Office Assignee move to secure Dotcom assets

09 February 2012 11:43am | BusinessDesk

Feb. 9 (BusinessDesk) – The Official Assignee Office, responsible for insolvency and trustee services, is working to secure Kim Dotcom’s assets from his $4.3 million family home seized by New Zealand authorities. More >>

Unemployment rate falls, but little growth in employment

09 February 2012 11:16am | Statistics New Zealand

There were 7,000 fewer people unemployed in the December 2011 quarter, Statistics New Zealand said today. This saw the unemployment rate fall to 6.3 percent, from 6.6 percent in the September quarter. More >>

NZ unemployment rate drops to 6.3% on jump in part-time work

09 February 2012 10:57am | BusinessDesk

Feb. 9 (BusinessDesk) – New Zealand’s unemployment rate fell more than expected in the final three months of last year, reflecting a sharp rise in part-time employment and a decline in the number of people looking for work. More >>

2degrees boosts customer numbers

09 February 2012 10:52am | 2degrees Mobile

For Immediate Release 09 February 2012 New Zealanders keep making the move - 2degrees boosts customer numbers More New Zealanders are taking advantage of great value mobile, with 2degrees now serving 875,656 customers after two and a half years in the market. ... More >>

Mercury Energy Announces Electricity Price Increase

09 February 2012 10:16am | Mercury Energy

Electricity prices will rise by an average of 5.8% for Mercury Energy’s residential customers from 1 April 2012. More >>

Mercury raises prices 5.8%, blames monopoly charges

09 February 2012 10:04am | BusinessDesk

Feb. 9 (BusinessDesk) – Mercury Energy is raising its prices across the country by an average of 5.8 percent, blaming the bulk of the increase on the sharp lift in charges from the national grid company, Transpower, as it invests billions of ... More >>

Tenon to distribute Eastman’s long-life wooden decking in US

09 February 2012 9:53am | BusinessDesk

Feb. 9 (BusinessDesk) – Tenon, the NZX-listed company that sells wood mouldings in the US, signed a deal to distribute a long-life wooden decking product made by Eastman Chemicals. More >>

Issue paper on high speed broadband demand-side study

09 February 2012 9:50am | Commerce Commission

The Commerce Commission has today released the last of three issues papers relating to the uptake of high speed broadband ahead of The Future with High Speed Broadband: Opportunities for New Zealand conference to be held on 20 and 21 February 2012 in ... More >>

Minister Joyce has the opportunity to redefine ‘failure’

09 February 2012 9:31am | sticK

Apparently, new super minister Stephen Joyce (Minister of Science & Innovation, Economic Development and Tertiary Education, Skills & Employment), likes to dive deep into details of a new role or portfolio, before surfacing with a strategic direction. More >>