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Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

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New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

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Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

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Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

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BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

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March 2017: Commerce Commission Delays Decision On Fairfax-NZME
The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

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Plan Plan: Permanent Independent Hearings Panel Proposed For Planning
The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More>>

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Statistics: NZ Jobless Rate Falls To 5.1% Under New Methodology
New Zealand's unemployment rate fell more than expected in the second quarter as Statistics New Zealand adopted a new way of measuring the labour market to bring the country in line with international practices, and while a growing economy continued to support jobs growth. More>>

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Eggs-it Strategy: Countdown Programme For Free Range And Barn Launches
Countdown has today launched an Egg Producer Programme to support free range and barn egg farmers to increase the supply available for Countdown stores and our customers. More>>

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(Past $1.5mil Now): ParrotDog Raises $1.2million In 12 Hours
Wellington-based craft brewers ParrotDog launched their equity crowdfunding campaign yesterday, and raised their minimum goal of $1,200,000 in less than 12 hours. More>>

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Biodiversity: Collaborative Group To Improve Nature Protection
A new collaborative group involving environmental and landowner organisations has come together to improve national policy on protecting nature on private land, Environment Minister Nick Smith announced today at the Environmental Defence Society’s ‘Wild Places’ conference in Auckland. More>>

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Taking Stock: NZ Sheep Numbers Lowest Since The 1930s Depression
New Zealand now has about seven sheep for every person, down from 22 per person in 1982 when there were more than 70 million sheep… The number of breeding ewes fell 3.1 percent, the 10th consecutive annual decline. More>>

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Various Fraud Cases: Transport Ministry Manager Charged Over $726,000 Fraud
A former senior manager at the Ministry of Transport has appeared in the Manukau District Court charged with three counts of dishonestly taking or using a document in relation to a $726,000 fraud. More>>

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Supplementary Questions: Landcorp Ditches Palm Kernel Feed
Landcorp Farming, the state-owned farmer, will stop using palm kernel expeller on its farms in the current financial year to shore up its environmental sustainability credentials. More>>

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Broader Bands: Rural Broadband Initiative Phase One Complete
The first phase of the Government’s Rural Broadband Initiative (RBI) is now complete, benefitting 300,000 homes and businesses, says Communications Minister Amy Adams. More>>

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Kiwifruit: Zespri Suspends Shipments To China
Aug. 5 (BusinessDesk) - Zespri International has temporarily halted exports to China while it puts in place new checking protocols after Chinese authorities tagged the fruit marketer when four containers of kiwifruit were found with a fruit-rotting ... More>>

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Auckland Transport: Manager Admits Taking Bribes
A former employee of Auckland Transport and Rodney District Council has pleaded guilty to two representative charges of accepting undisclosed payments totalling $103,580 while he was in roles that involved letting of contracts and tenders for local authority work. More>>

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National Average Breaks $600,000: NZ Home Values Rise At Fastest Quarterly Pace In 12 Years
New Zealand residential property values rose at the fastest quarterly rate in 12 years, with the national average value of a house now topping $600,000. That's a 6.1 percent in the three months through July to $602,434, marking the fastest quarterly gain since December 2003's 6.8 percent pace. More>>

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Half Empty: Positive Cashflow For Dairy Farmers 'Unlikely' Until 2018
In analysis published shortly after Fonterra Cooperative Group confirmed its milk price forecast of $4.25 per kilogram of milk solids, ANZ said most farmers had budgeted at around $4.30/kgMS and "most continue to show a cash loss of $0.50-0.70/kgMS at these figures despite a number of cost reductions and farm management changes." More>>

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Software: MYOB Pays $28.5M For NZ-Based Greentree Enterprise Business
MYOB, the Australian payment software developer, has continued its run of acquisitions, buying New Zealand enterprise resource planning (ERP) software writer Greentree for $28.5 million. More>>

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Media: Fairfax Media Writes Down NZ Assets By A$95.3 Million
Fairfax Media, which is currently in talks to merge its New Zealand business with NZME, has written down the value of its NZ assets by A$95.3 million. ASX-listed Fairfax, which owns the Stuff website and regional titles around the country, is currently in talks with NZX-listed NZME to merge in a deal that is being considered by the Commerce Commission. More>>

OceanaGold: Man Killed In Waihi Mine Accident
A 29-year-old man had died following a work place accident at OceanaGold mine, Waihi last night. The man was killed after the front end loader he was in rolled down a slope. The accident happened at approximately 6.30pm on Thursday night. More>>

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Constructing Consent: Annual Housing Consents Highest In Over A Decade
More than 29,000 new homes gained building consent in the year to June 2016, up 16 percent from the previous June year, Statistics New Zealand said today. More>>

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