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MARKET CLOSE: NZ shares rise on a2 bounceback

Friday, 27 November 2015, 5:47 pm | BusinessDesk

Nov. 27 (BusinessDesk) - New Zealand shares rose as a2 Milk, which had dipped from a record high this week, resumed its rally, and companies held for their relatively high yields, such as Tower and Genesis Energy, gained on speculation the Reserve ... More >>

Parent, wife of Pike River victims fail to win court review

Friday, 27 November 2015, 5:44 pm | BusinessDesk

h3>Parent, wife of Pike River victims fail to win court review By Jonathan Underhill More >>

High Court hears allegations over redacted report in Trends

Friday, 27 November 2015, 5:43 pm | BusinessDesk

Nov. 27 (BusinessDesk) - Allegations that government funding agency Callaghan Innovation removed criticism of ambiguity in a research and development funding contract at the centre of legal action were aired in the High Court at Auckland today. More >>

NZ dollar largely unchanged this week

Friday, 27 November 2015, 5:10 pm | BusinessDesk

Nov. 27 (BusinessDesk) - The New Zealand dollar was largely unchanged heading into the week's close as the Thanksgiving holiday in the US sapped trading activity and as investors gear up for a series of central bank meetings next month. More >>

Scentre Group agrees to sell three Westfield malls

Friday, 27 November 2015, 4:42 pm | BusinessDesk

Nov. 27 (BusinessDesk) - ASX-listed Scentre Group has agreed to sell three Westfield shopping centres for $549 million in two deals, having put them up for sale earlier this year. More >>

Pulse Energy investors get mixed messages on takeover

Friday, 27 November 2015, 4:04 pm | BusinessDesk

Nov. 27 (BusinessDesk) - Pulse Energy investors have been given mixed messages in a split recommendation on whether to accept a takeover bid for the electricity retailer, where three of the company's four independent directors won't take up the offer. More >>

Centralines Announces Discount for Customers

Friday, 27 November 2015, 3:26 pm | Centralines

Central Hawke’s Bay consumer-owned lines company, Centralines, has this week declared a $1.2 million discount for its customers, on the back of a solid result for the 2014/15 financial year. More >>

Court protection sought for late-comers to leaky homes suit

Friday, 27 November 2015, 3:20 pm | Businesswire

Nov. 27 (BusinessDesk) - A law firm that has signed up more than 500 potential claimants for a lawsuit against building cladding maker James Hardie Industries has asked the High Court for a ruling on their status if denied the opportunity to take New Zealand’s ... More >>

Mount Maunganui Bunnings workers strike for the 5th time

Friday, 27 November 2015, 3:10 pm | FIRST Union

Mount Maunganui workers strike for the 5th time as Bunnings buries its head in the sand More >>

Kiwi Tech Boom Changing Face of Commercial Property

Friday, 27 November 2015, 2:43 pm | Servcorp

A rapid rise in the number of tech businesses and North American companies opening in New Zealand has increased the demand for serviced office space, with one company at 60% capacity just weeks after listing. More >>

Plus size fashion for Kiwi guys

Friday, 27 November 2015, 2:35 pm | Retail Apparel Group

Retail Apparel Group, creators of Tarocash, y.d., Connor and Rockwear, have launched, their latest menswear brand - JOHNNY BIGG by Tarocash into the New Zealand market. Recognising the bigger and taller guys desire to be well dressed, JOHNNY BIGG has ... More >>

Federated Farmers signs Land & Water Forum Report

Friday, 27 November 2015, 1:40 pm | Federated Farmers

Federated Farmers has today added its name to the signatories of the fourth report of the Land & Water Forum after receiving the conditional support of its National Council. More >>

Beef, pig and deer farmers face stream-fencing requirements

Friday, 27 November 2015, 1:33 pm | BusinessDesk

Nov. 27 (BusinessDesk) - Beef and deer farmers, along with outdoor piggeries, are set to face the same stream-fencing requirements as dairy farmers following the latest recommendations of the Land and Water Forum, while commercial and industrial water ... More >>

No socks this Xmas thanks to Regionals’ new website!

Friday, 27 November 2015, 1:23 pm | Regionals

The Perfect Gift Picker, on Regionals’ new website, will help customers pick a perfect pressie to please even the most difficult to buy for. More >>

Fonterra says farmer loan support package will cost $390mln

Friday, 27 November 2015, 1:21 pm | BusinessDesk

Nov. 27 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has said the cost of its loan support package to farmers struggling with a low dairy payout will be $390 million. More >>

Extra safety standards for Airbus (Squirrel) helicopter

Friday, 27 November 2015, 1:10 pm | Civil Aviation Authority

Graeme Harris, The Director of Civil Aviation (CAA) has determined that a directive clarifying the standards to be applied when loading and operating some Airbus Airbus AS350/355 (or 'Squirrel') helicopters operating in New Zealand is necessary. More >>

What do the Smokefree laws mean for workplaces?

Friday, 27 November 2015, 1:04 pm | Community and Public Health West Coast

Less than one in five New Zealand adults smoke tobacco. This means that there may be one or more smokers in many workplaces. The government has committed to the goal of Smokefree Aotearoa by 2025 so that our children and grandchildren will be free ... More >>

Review reveals Govt yet again underfunds maritime sector

Friday, 27 November 2015, 12:50 pm | NZ Shipping Federation

Minister of Transport, Simon Bridges, needs to urgently address the underfunding of Maritime NZ’s operations, says Annabel Young, Executive Director of the NZ Shipping Federation. More >>

NZ-created App wins Entrepreneur’s Auckland Start-up Weekend

Friday, 27 November 2015, 12:40 pm | Fashion Ghost

Fashion Ghost, a new peer-to-peer app designed to help people choose their outfits, won the latest Auckland Startup Weekend (November 20 – 22.. Winning this competition has allowed the group to compete in the Global Startup Battle, which could see them ... More >>

Mark Richardson Joins the Sound Breakfast Show in 2016

Friday, 27 November 2015, 12:33 pm | Mediaworks

After a successful recent survey result naming The Sound the number one station for all people 40-59*, the station is proud to announce Mark Richardson, host of The Block NZ , co-host of The Crowd Goes Wild and ex Black Cap opener, will become ... More >>

Ballance director Oliver Saxton elects to stand down

Friday, 27 November 2015, 12:31 pm | Ballance Agri-Nutrients

Long-serving Ballance Agri-Nutrients director, Oliver Saxton has signalled his intention to step down from the co-operative’s board at its annual meeting of shareholders in September 2016. Mr Saxton, who has been a Ward A director since 2001, runs a 580 ... More >>

Bath Street Capital files counter-claim against Pyne Gould

Friday, 27 November 2015, 12:30 pm | BusinessDesk

Nov. 27 (BusinessDesk) - Bath Street Capital, which has been building up its local trustee business, has filed a counter-claim in the High Court against Pyne Gould Corp, saying the protracted fight over what's owed in relation to Pyne Gould's sale ... More >>

Prestigious beef award up for grabs

Friday, 27 November 2015, 12:29 pm | Steak Of Origin

The highly sought-after title of most tender and tasty steak is up for grabs as entries open for the 2016 Beef + Lamb New Zealand Steak of Origin Competition. This marks the fourteenth year beef farmers, retailers and wholesalers are invited to ... More >>

HortNZ Warns Government Not to ‘Cherry Pick’ Recommendations

Friday, 27 November 2015, 12:26 pm | HortNZ

Horticulture New Zealand supports the 60 recommendations made in the report released today by the Land and Water Forum. But it does so with stern words of caution for the Government, that it cannot cherry-pick its way through the recommendations. “This ... More >>

Silver Fern Farms paid former CEO more than $1.8M in 2015

Friday, 27 November 2015, 12:20 pm | BusinessDesk

Nov. 27 (BusinessDesk) - Silver Fern Farms, New Zealand's largest meat processor, paid former chief executive Keith Cooper more than $1.8 million last financial year, reflecting his long service with the company. More >>

Silver Fern Farms paid former CEO more than $1.8M in 2015

Friday, 27 November 2015, 12:20 pm | BusinessDesk

Nov. 27 (BusinessDesk) - Silver Fern Farms, New Zealand's largest meat processor, paid former chief executive Keith Cooper more than $1.8 million last financial year, reflecting his long service with the company. More >>

IWI Recognised for Excellence in Cultural Programmes

Friday, 27 November 2015, 12:12 pm | Ngati Apa

Top of the south iwi Ngati Apa ki te Rā Tō was recognised at the Meke Māori Excellence Awards with an award for its cultural revitalisation programme. The awards dinner and ceremony was part of the Te Atakura Economic Summit 2015, held in Whakatū (Nelson) ... More >>

New Zealand’s Business Elite Honoured

Friday, 27 November 2015, 11:59 am | NZME.

The New Zealand business community gathered last night at the prestigious black tie ceremony at Auckland’s Vector Arena to recognise and honour the country’s premiere businesses at the Deloitte Top 200 Awards. More >>

Business Forum aims to promote Commonwealth trade

Friday, 27 November 2015, 11:58 am | Royal Commonwealth Society

Business Forum aims to promote Commonwealth trade and investment The Business Forum, one of four pre-CHOGM events, aims to promote trade and investment and provide high level dialogue between government and business. The forum in Malta has been attended ... More >>

Food and beverage companies taken to the next level

Friday, 27 November 2015, 11:57 am | FoodHQ

FoodHQ has launched the FoodHQ Innovation Club with the support of AGMARDT and in conjunction with the ANZ Bank. The FoodHQ Innovation Club seeks to help food and beverage companies tackle the multiple challenges associated with innovating their ... More >>

Some good news for first time buyers

Friday, 27 November 2015, 11:46 am | Roost Home Loan Affordability Report

A drop in lower quartile house prices and lower mortgage costs have improved housing affordability but first home buyers will still struggle in Auckland Life became slightly easier for first home buyers in many regions last month thanks to a small drop in ... More >>

Kiwi Property launches augmented reality experience

Friday, 27 November 2015, 11:36 am | Kiwi Property

Kiwi shoppers are set to escape to a winter wonderland this Christmas, with the launch of New Zealand’s largest-ever augmented reality experience at Kiwi Property’s six shopping centres around the country. More >>

NZME Announces Content Collaboration with Sporting Groups

Friday, 27 November 2015, 11:28 am | NZME.

27 November 2015 - New Zealand Media and Entertainment (NZME) has signed with a collective of eight National Sporting Organisations (NSOs) to be a media content provider, dedicated to delivering the most rich and engaging sport content available in New Zealand. More >>

New BusinessNZ Chief Executive

Friday, 27 November 2015, 11:23 am | Business NZ

The BusinessNZ Council has appointed Kirk Hope as new Chief Executive of BusinessNZ. Mr Hope is currently Chief Executive of the NZ Bankers’ Association. A barrister and solicitor, he was formerly Executive Director of the Financial Services Federation ... More >>

New UK Stamp Duty levy should not deter expat investors

Friday, 27 November 2015, 11:23 am | Skipton International

A leading provider of mortgages for expats looking to purchase buy-to-let properties in the UK does not think a new levy will put off investors. More >>

SeaDragon first half loss widens on factory costs, sales up

Friday, 27 November 2015, 11:22 am | BusinessDesk

Nov. 27 (BusinessDesk) - SeaDragon, the fish oil processor which has attracted health products maker Comvita as a cornerstone shareholder, widened its first-half loss on mounting interest costs associated with the company's newly built Omega-3 factory, ... More >>

EBOS Group takes top prize at Deloitte Top 200 Awards

Friday, 27 November 2015, 11:16 am | EBOS Group

EBOS Group is proud to have been recognised as Company of the Year at the 2015 Deloitte Top 200 Awards, presented at the Vector Arena in Auckland last night. More >>

Kiwifruit Claim Concerned About Increasing Biosecurity Risks

Friday, 27 November 2015, 11:14 am | The Kiwifruit Claim

With climate change increasing the risk of foreign sub-tropical pests to the horticulture industry, it is more important than ever that the government gets serious about its responsibilities to safeguard New Zealand’s biosecurity, Kiwifruit Claim chairman ... More >>

AFT Pharmaceuticals to raise $33.2 mln in IPO to fund R&D

Friday, 27 November 2015, 11:12 am | BusinessDesk

Nov. 27 (BusinessDesk) - AFT Pharmaceuticals, the Auckland-based company whose products include Maxigesic pain medication and Maxiclear PE nasal decongestant, plans to raise $33.2 million to fund a research and development pipeline over the next two to three ... More >>

Contact Energy welcomes Report of the Land and Water Forum

Friday, 27 November 2015, 11:04 am | Contact Energy

Contact Energy CEO Dennis Barnes has welcomed the Fourth Report of the Land and Water Forum, and has expressed support for its recommendations intended to maximize the economic benefit of fresh water, and bring iwi into the water economy. Dennis ... More >>

NZ products highly rated overseas

Friday, 27 November 2015, 10:36 am | Colmar Brunton

New Zealand products and employees are highly valued around the world and Kiwis are easy to do business with, according to a new ‘global census’. The 2015 Kea/Colmar Brunton Every Kiwi Counts survey polled expat Kiwis about New Zealand’s reputation ... More >>

Kiwi Recruiters Put People Before Money

Friday, 27 November 2015, 10:34 am | Customise Consulting

Recruitment consultants have gathered in Auckland for the 2nd #AucklandRec meet-up to decide what’s most important to them – and surprisingly, money doesn’t top their lists. More >>

Irrigation New Zealand Welcomes 4th LAWF Report

Friday, 27 November 2015, 10:29 am | Irrigation NZ

“The diverse group of forum members have spent a lot of time collaborating to reach the additional recommendations,” said Andrew Curtis, CEO of Irrigation New Zealand. “This has resulted in constructive advice to Ministers for the development of freshwater ... More >>

Auckland businesses honoured for commitment to youth talent

Friday, 27 November 2015, 10:03 am | ATEED

Leading Auckland employers have been recognised for their commitment to employing and developing Auckland youth at the inaugural ‘Young at Heart’ Youth Employer Pledge Awards. The awards, which were presented last night at Crowne Plaza Hotel ... More >>

2015 NZSA Security Award Winners

Friday, 27 November 2015, 10:01 am | NZ Security Association

The New Zealand Security Association (NZSA) hosted the annual Security Awards last Thursday, 20th November at the ASB Showgrounds in Auckland. More >>

F&P Healthcare boosts first-half profit 27%

Friday, 27 November 2015, 9:49 am | Businesswire

Nov. 27 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, increased first-half profit by 27 percent and affirmed its expectation for full-year earnings. More >>

Farm Environment Trust’s Annual Report Highlights Growth

Friday, 27 November 2015, 9:20 am | Farm Environment Trust

The New Zealand Farm Environment (NZFE) Trust and its flagship event, the Ballance Farm Environment Awards, have celebrated another successful year. More >>

Moa confirms smaller first-half loss as margins improve

Friday, 27 November 2015, 9:09 am | BusinessDesk

Nov. 27 (BusinessDesk) - Moa Group confirmed a smaller first-half loss as increased sales volumes helped widen its gross margin, and as the unprofitable craft beer brewer slashed its spending on sales and marketing. More >>

Auditor General Recognised for Lifetime Contribution

Friday, 27 November 2015, 8:43 am | Chartered Accountants Australia and New Zealand

New Zealand Controller and Auditor-General, Mrs Lyn Provost has been awarded a Lifetime Achievement Award for her outstanding contribution to and exceptional leadership in the New Zealand public sector by Chartered Accountants Australia and New Zealand. ... More >>

NZ dollar slips in low liquidity on US Thanksgiving holiday

Friday, 27 November 2015, 8:20 am | Businesswire

Nov. 27 (BusinessDesk) - The New Zealand dollar edged lower amid low liquidity during the US Thanksgiving holiday. More >>

While you were sleeping: ECB, China bets lift mood

Friday, 27 November 2015, 7:04 am | BusinessDesk

Nov. 27 (BusinessDesk) - European equities climbed, bolstered by bets the European Central Bank will boost its monetary stimulus next week to stoke the region’s growth and inflation, while a rally in metals including zinc and copper also added to the ... More >>

AFT Pharmaceuticals to raise $33.2M in IPO at $2.80 a share

Thursday, 26 November 2015, 9:57 pm | BusinessDesk

AFT Pharmaceuticals to raise $33.2 mln in IPO at $2.80 a share, list on NZX, ASX More >>

Scott Technology shareholders vote for JBS deal

Thursday, 26 November 2015, 6:34 pm | BusinessDesk

Nov. 26 (BusinessDesk) - Scott Technology shareholders overwhelmingly backed a deal handing control of the robotics manufacturer to Brazilian meat processor JBS. More >>

MARKET CLOSE: NZ shares mixed; Spark, FBU join Asian rally

Thursday, 26 November 2015, 6:03 pm | BusinessDesk

MARKET CLOSE: NZ shares mixed; Spark, Fletcher join Asian rally, Xero drops as Drury trims stake More >>

More women than ever in public service, gender pay gap 14%

Thursday, 26 November 2015, 5:23 pm | BusinessDesk

Nov. 26 (BusinessDesk) - Women in the public service are paid 14 percent on average less than men, which is 2.2 percent worse than New Zealand’s overall gender pay gap, the State Services Commission annual breakdown shows. More >>

Ruataniwha promoter seeks mix of equity, debt funding

Thursday, 26 November 2015, 5:15 pm | BusinessDesk

Nov. 26 (BusinessDesk) - Hawke's Bay Regional Investment Co, the developer and sponsor of the Ruataniwha Water Storage Scheme, says the $275 million project will be funded with a mix of equity and debt, and is likely to result in a secondary market for ... More >>

NZ dollar gains vs. Australian dollar on mining investment

Thursday, 26 November 2015, 5:14 pm | BusinessDesk

Nov. 26 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after figures showed Australian mining investment slumped in the third quarter, reigniting speculation the central bank may have to cut interest rates again. More >>

Former Harcourts NZ CEO expands company into Canada

Thursday, 26 November 2015, 4:51 pm | Harcourts

Former Harcourts NZ CEO expands company into Canada 26 November 2015 Hayden Duncan, former CEO for Harcourts, New Zealand’s largest real estate group, is to lead the company’s expansion into Canada. Mr Duncan, who left his role as Harcourts NZ CEO ... More >>

Pumpkin Patch affirms guidance for weaker 2016 earnings

Thursday, 26 November 2015, 4:20 pm | BusinessDesk

Nov. 26 (BusinessDesk) - Shares of Pumpkin Patch fell 12 percent after the children's clothing chain affirmed guidance for weaker earnings in the current financial year, and is driving to restore earnings growth over the next three years. More >>

Unstoppable Kiwi Travellers

Thursday, 26 November 2015, 3:58 pm | Expedia

UNSTOPPABLE KIWI TRAVELLERS - MOVE OVER MAINSTREAM, KIWIS ARE AFTER THE UNIQUE AND UNSPOILED Auckland, New Zealand, 26 November, 2015 – The brand’s annual ‘State of the Nation’ report, released today, reveals how passionate Kiwis ... More >>


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