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MARKET CLOSE: NZ shares fall on Greek worries; A2, Xero drop

Friday, 3 July 2015, 5:33 pm | BusinessDesk

July 3 (BusinessDesk) - New Zealand shares fell as uncertainty over Greece's debt default sapped risk appetite and demand for equities. A2 Milk Co, Xero and Fletcher Building declined. Pumpkin Patch sank to a record low. More >>

Choice Hotels Adds Kaikoura to NZ Portfolio

Friday, 3 July 2015, 5:21 pm | Choice Hotels

Choice Hotels Australasia, one of Australasia’s largest hotel franchisors, welcomes Quality Suites Kaikoura to its growing portfolio. Based in the seaside town of Kaikoura, the addition of Quality Suites Kaikoura will take its New Zealand offering to 35 ... More >>

NZ dollar heads for 1.8% weekly drop; Greek referendum looms

Friday, 3 July 2015, 5:10 pm | BusinessDesk

July 3 (BusinessDesk) - The New Zealand dollar is heading for a 1.8 percent weekly decline as financial markets remain volatile ahead of Greece's referendum on whether to accept a bailout package from its European creditors, and as the wheels start ... More >>

Site Safe Construction Health and Safety Awards

Friday, 3 July 2015, 4:34 pm | Site Safe NZ

Entries are now open for the 2015 Site Safe NZ Construction Health and Safety Awards. More >>

McKay Group has closed Acquisition of Downer Tenix Kawerau

Friday, 3 July 2015, 4:20 pm | McKay

McKay Group has closed on Acquisition of Downer Tenix Kawerau Branch, increases access to mechanical, electrical and automation engineering services. More >>

FMA strategy to boost understanding and knowledge

Friday, 3 July 2015, 4:07 pm | Financial Markets Authority

The Financial Markets Authority (FMA) today released its Investor Capability Strategy, which aims to build knowledge, understanding and confidence about making investment decisions. More >>

Low flyer wins top prize at NZ aviation awards

Friday, 3 July 2015, 3:18 pm | Service IQ

The business is usually flying close to the ground. But this week, top dressing firm Ravensdown Aerowork was the high flyer when it took out the prestigious ServiceIQ Award for Excellence in Training at the Aviation Industry Association Awards in Queenstown. More >>

UPDATE: Beingmate slides further in Shenzhen tumble

Friday, 3 July 2015, 3:12 pm | BusinessDesk

July 3 (BusinessDesk) - Beingmate Baby & Child Food Co shares have more than halved in value on the Shenzhen stock exchange over the past three weeks, pushing their price 21 percent below what Fonterra Cooperative Group paid for its 18.8 percent ... More >>

Chapman Tripp Advises Arvida on Successful Capital Raising

Friday, 3 July 2015, 3:10 pm | Chapman Tripp

Chapman Tripp has advised Arvida Group Limited (Arvida) on its $62m acquisition of three Auckland aged care facilities and a $35m capital raising, which includes a $30m private placement that settled today. More >>

The Loop Duty Free lands at Auckland International Airport

Friday, 3 July 2015, 2:48 pm | The Loop

The Loop Duty Free has announced that it is officially open for business to all passengers travelling through Auckland International Airport. After securing the seven year retail contract with Auckland Airport in February this year, Air Rianta ... More >>

BAT NZ sucks up excise tax hike as annual earnings slip 3.9%

Friday, 3 July 2015, 2:15 pm | BusinessDesk

July 3 (BusinessDesk) - British American Tobacco Holdings (New Zealand), the nation's largest cigarette company, reported a 3.9 percent decline in annual profit as it absorbed the government's latest hike in excise tax. More >>

Murray Radford resigns as chairman of Mowbray

Friday, 3 July 2015, 2:08 pm | BusinessDesk

July 3 (BusinessDesk) - Murray Radford will retire as chairman of Mowbray Collectibles as the auction house prepares to rename as Bethunes after selling units and repaying debt. More >>

RESEND: Alliance shareholders confident of forcing meeting

Friday, 3 July 2015, 1:48 pm | BusinessDesk

July 3 (BusinessDesk) - Disgruntled Alliance Group shareholders say they hope to have the support from 5 percent of their number within the next 10 days that's required to force a special meeting to discuss the potential benefits and risks of a merger ... More >>

America’s Cup stalwart selling up his NZ property

Friday, 3 July 2015, 1:46 pm | Bayleys

The man regarded as the world’s best America’s Cup campaign organiser – and with three decades of involvement with yachting in New Zealand – is selling up his Kiwi-dream waterfront property…. without ever having stayed a night there. More >>

Alliance shareholders confident of forcing meeting on merger

Friday, 3 July 2015, 12:41 pm | BusinessDesk

July 3 (BusinessDesk) - Disgruntled Alliance Group shareholders say they hope to have the support from 5 percent of their number within the next 10 days required to force a special meeting to discuss the potential benefits and risks of a merger ... More >>

Microsoft NZ announces new Managing Director

Friday, 3 July 2015, 12:23 pm | Microsoft New Zealand

Kiwi global technology executive returns to take up leadership reins as company positions itself for “mobile-first, cloud-first” era More >>

Relevance in a modern World

Friday, 3 July 2015, 12:11 pm | Federated Farmers

Members of National Council, Ladies and Gentlemen. It gives me great pleasure to be delivering this president’s address to you. More >>

New homes and yoga centre coming to Millbrook Resort

Friday, 3 July 2015, 12:04 pm | Southern PR

Luxury home and land packages on offer at Queenstown’s Millbrook Resort tell the continuing success story of a development boom driven by increased business confidence. More >>

Beingmate joins Shenzhen selloff

Friday, 3 July 2015, 11:55 am | BusinessDesk

Beingmate joins Shenzhen selloff to trade 12% below price Fonterra paid for 18.8% stake More >>

Ate, shopped, won ... a trip to Singapore

Friday, 3 July 2015, 11:34 am | Christchurch Airport

Shopping at Christchurch Airport has won a Sumner resident a trip for two to Singapore. Wendy Courtois shopped at JR Duty Free, one of the airport stores which ran the “Eat, Shop, Win” competition during the month of June. She was one of more than 12,000 ... More >>

Winter Mixed Bloodstock Sale Catalogue Out Now

Friday, 3 July 2015, 11:30 am | NZ Bloodstock

The catalogue for New Zealand Bloodstock’s Winter Mixed Bloodstock Sale are due in letterboxes early next week and can be viewed online now . There are 73 horses catalogued, consisting of broodmares (40), weanlings (6), yearlings (4), two-year-old’s ... More >>

Manufacturing sales make a turn in May

Friday, 3 July 2015, 11:15 am | NZMEA

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during June 2015, shows total sales in May 2015 decreased 9.13% (year on year export sales decreased by 7.59% with domestic sales decreasing ... More >>

Clarity Needed on Shareholder Resolution

Friday, 3 July 2015, 10:54 am | Silver Fern Farms

Silver Fern Farms Chief Executive Dean Hamilton clarified the process for Silver Fern Farms shareholders following the receipt on Thursday ofproxies that shareholder Allan Richardson stated represent above 5% of the outstanding shares in the Company. ... More >>

TUANZ submits response to proposed UFB and RBI extensions

Friday, 3 July 2015, 10:46 am | TUANZ

TUANZ has today submitted a response to the Government on the proposed UFB2, RBI2 and Mobile Blackspots programme. Over many years TUANZ has consistently stated that that the availability of good quality high speed connectivity in all parts of New ... More >>

Pumpkin Patch sees drop in 2016 earnings; shares tumble

Friday, 3 July 2015, 10:46 am | BusinessDesk

July 3 (BusinessDesk) - Pumpkin Patch, the ailing children's clothing retailer, expects earnings next year will be "significantly below" this year amid increasingly challenging international wholesale markets and adverse forecast currency impacts. More >>

Auckland house sales reach 11-year high for June month

Friday, 3 July 2015, 10:40 am | BusinessDesk

Auckland house sales reach 11-year high for June month as winter starts to bite More >>

GE Finance NZ 2014 profit falls by 10%

Friday, 3 July 2015, 10:38 am | BusinessDesk

July 2 (BusinessDesk) - GE Finance and Insurance, part of General Electric's finance arm which is selling down most of its assets worldwide, recorded a 10 percent fall in profit last year, reflecting a decline in finance income and rising costs. More >>

Finalists Announced in NZAEP Event Awards

Friday, 3 July 2015, 10:21 am | NZAEP

Twenty-six events that bring people and communities together as well as drive domestic and international tourism are being recognised in this year’s New Zealand Association of Event Professionals Awards. More >>

Auckland Property Activity Rises, Average Price Growth Slows

Friday, 3 July 2015, 10:15 am | Released Via Network Communications

Auckland Property Activity Rises, Average Price Growth Slows While the Auckland property market experienced its busiest June in 11 years, the rate at which the average price is rising slowed considerably in the month. “The number of properties sold ... More >>

Action taken against poor building work

Friday, 3 July 2015, 10:07 am | Ministry of Business Innovation and Employment

Two Licensed Building Practitioners have been held to account by the Building Practitioners Board for poor workmanship. More >>

My Food Bag Partners with TV3’s MasterChef New Zealand

Friday, 3 July 2015, 9:59 am | Pead PR

Nadia Lim returns with My Food Bag to the TV programme that helped launch her career One of New Zealand’s winning MasterChefs is re-establishing her association with the popular TV cooking programme that went a long way to building her career. With ... More >>

New referral contract with Church Community Builder

Friday, 3 July 2015, 9:49 am | Pushpay

Pushpay Holdings Limited (NZSX:PAY) (‘Pushpay’ or ‘the Company’) is pleased to announce that it has entered into a new referral contract with Church Community Builder. More >>

Update on 'big five' insolvency issues

Friday, 3 July 2015, 9:46 am | Chapman Tripp

Over the last couple of years, we have developed the habit of periodically pushing up the periscope to try to determine the ‘big five’ insolvency issues on the horizon. More >>

Job market growing despite lower business confidence

Friday, 3 July 2015, 9:35 am | Trade Me Limited

Despite waning employment confidence according to Westpac: McDermott Miller , Trade Me Jobs continues to see healthy signs in the New Zealand employment market. More >>

PledgeMe seeks $250k

Friday, 3 July 2015, 9:31 am | PledgeMe

PledgeMe launched its second round of equity crowdfunding today , seeking a minimum of $250,000 investment. More >>

Fuming at the Petrol Pump

Friday, 3 July 2015, 9:30 am | Canstar Blue

Kiwis quality of life impacted by the cost of fuel Auckland, Friday 3 July- A new survey by consumer research company, Canstar Blue has lifted the petrol cap on Kiwis’ service station habits showing that 43% of New Zealanders’ quality of life is impacted ... More >>

Update on fast track amendments for IM review

Friday, 3 July 2015, 9:25 am | Commerce Commission

The Commerce Commission has today decided to fast track the consideration of airport land valuation rules as part of the input methodologies (IM) review announced on 10 June. More >>

NZX trading activity, value of turnover increase in June

Friday, 3 July 2015, 9:24 am | BusinessDesk

July 3 (BusinessDesk) - The volume and value of trading on New Zealand's stock exchange increased last month, led by a gain in smaller-value trades. More >>

Argenta acquires manufacturing facility in Iowa, USA

Friday, 3 July 2015, 9:06 am | Argenta

July 2, 2015 – Argenta, a New Zealand owned pharmaceutical company dedicated to the health of animals, announced today it has acquired the manufacturing facility located at 141 Riverside Drive in Fort Dodge, Iowa, USA. Sitting on 6.2 hectares, ... More >>

MRP's Metrix cans Trustpower contract before it begins

Friday, 3 July 2015, 8:56 am | BusinessDesk

July 3 (BusinessDesk) - MightyRiverPower's Metrix metering business has walked away from a deal with Infratil-controlled Trustpower that would have supplied the power company's 242,000 electricity customers with smart meters. More >>

NZ dollar rebounds from fresh five-year low on US jobs

Friday, 3 July 2015, 8:54 am | BusinessDesk

NZ dollar rebounds from fresh five-year low as greenback falls on US job data More >>

Metrix to exit metering contract with Trustpower

Friday, 3 July 2015, 8:46 am | Mighty River Power

Mighty River Power’s metering business Metrix confirmed today that it will exit the contract entered into with Trustpower in July 2014, to provide metering services. Metrix Chief Executive Matthew Olde said following a review of systems development ... More >>

HiFX Morning Update June 3

Friday, 3 July 2015, 8:45 am | HiFX

The NZDUSD opens at 0.6710. The NZDUSD opens 0.5% lower than yesterday’s open however the USD is weaker than most of its other competitors after mixed June employment data. More >>

While you were sleeping: September hike in question

Friday, 3 July 2015, 7:46 am | BusinessDesk

July 3 (BusinessDesk) - Stocks on both sides of the Atlantic moved lower ahead of a Greek referendum this Sunday, while a US jobs report threw doubt over expectations the Federal Reserve will hike rates in September. More >>

Growth Forecast Report To 2017: Radiant Insights

Thursday, 2 July 2015, 9:32 pm | Radiant Insights

New Zealand Household Care Packaging Market Size, Share, Trends And Growth Forecast Report To 2017: Radiant Insights More >>

Silver Fern Farms chief executive appointed to deer board

Thursday, 2 July 2015, 8:40 pm | Deer Industry NZ

Silver Fern Farms chief executive Dean Hamilton has been appointed to the Deer Industry New Zealand (DINZ) board for a three year term. More >>

MARKET CLOSE: NZ shares rise; F&P Healthcare at record

Thursday, 2 July 2015, 5:38 pm | BusinessDesk

July 2 (BusinessDesk) - New Zealand shares rose as a weak kiwi dollar boosted sentiment for exporters such as Fisher & Paykel Healthcare. Chorus and Spark New Zealand advanced after the Commerce Commission issued its ruling on wholesale telecommunications ... More >>

"Auckland effect" leading to rises in Tauranga, Hamilton

Thursday, 2 July 2015, 5:31 pm | QV Valuations

The latest monthly QV House Price Index shows that nationwide residential property values for June have increased 9.3% over the past year and 3.6% over the past three months. This means they are now 25.6% above the previous market peak of late 2007. ... More >>

Federated Farmers National Conference 2015

Thursday, 2 July 2015, 5:26 pm | Federated Farmers

King Salmon CEO Grant Rosewarne told Federated Farmers National Conference this afternoon that being efficient with practice and popular with wider society did not guarantee social license to operate. More >>

ASB offers special one-year home loan fixed interest rate

Thursday, 2 July 2015, 5:25 pm | ASB Bank

ASB has reduced its one-year home loan fixed interest rate special to 4.89% p.afor a limited time. More >>

Federated Farmers "Resilient Agri-business" Conference

Thursday, 2 July 2015, 5:23 pm | Federated Farmers

Massey Professor Ralph Sims challenged Federated Farmers National Conference today that New Zealand is not doing enough to mitigate and adapt to climate change. More >>

NZ dollar drops below 67 US cts as dairy declines

Thursday, 2 July 2015, 5:11 pm | BusinessDesk

NZ dollar drops below 67 US cts as plunging milk price stokes rate cut calls More >>

South Port says annual profit beats guidance on cargo flows

Thursday, 2 July 2015, 4:29 pm | BusinessDesk

July 2 (BusinessDesk) - South Port New Zealand said annual profit beat the top end of its guidance by about 7.1 percent after the Bluff port operator reported stronger cargo flows in the final quarter of the financial year. More >>

TPP too big to fail, says visiting US trade deal specialist

Thursday, 2 July 2015, 4:16 pm | BusinessDesk

July 2 (BusinessDesk) - Too much political capital has been invested in the Trans-Pacific Partnership trade deal for it to fail at the final hurdle, says Peter Petri, a professor of international finance at Brandeis University and co-author of a study on the economic ... More >>

SeaDragon to raise $5M via discounted rights, placement

Thursday, 2 July 2015, 4:05 pm | BusinessDesk

SeaDragon to raise $5 mln via discounted rights issue, placement to fund transition to Nelson factory More >>

Weak dairy prices prompt pull back in payout expectations

Thursday, 2 July 2015, 3:52 pm | BusinessDesk

Weak dairy prices prompt pull back in expectations for payout to NZ dairy farmers this season More >>

EPMU members to vote on merger with SFWU

Thursday, 2 July 2015, 2:37 pm | BusinessDesk

July 2 (BusinessDesk) - The New Zealand Amalgamated Engineering, Printing and Manufacturing Union's members will vote on whether to merge with the Service and Food Workers Union Nga Ringa Tota to create the second-biggest workers' advocate, with the outcome flagged ... More >>

Vodafone launches new family services to help parents

Thursday, 2 July 2015, 2:30 pm | Vodafone

Vodafone launches new family services to help parents navigate digital age Vodafone has today announced a suite of services to help Kiwi families navigate the rapidly changing, digital world. The four services - demonstrating Vodafone’s commitment ... More >>

Migration Agent Adopts Secured Signing

Thursday, 2 July 2015, 2:25 pm | Secured Signing

No one likes waiting, least of all to get paid. ASC Migration use Secured Signing to turn around agreements more quickly to get paid sooner. More >>

Fletcher to bring 2,200 people back to central Christchurch

Thursday, 2 July 2015, 2:09 pm | Fletcher Building

Fletcher to bring 2,200 people back to central Christchurch Creating three vibrant new communities to bring up to 2,200 people back to central Christchurch is the vision of Fletcher Residential’s plan for the East and North Frame Residential Precinct. ... More >>


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