Archive for October, 2011

Comvita tells shareholders Cerebos bid too low

Article – BusinessDesk

Oct. 31 (BusinessDesk) – Comvita, the manuka honey-based heatheries maker, has told shareholders not to accept a $2.50-per-share offer from Cerebos New Zealand to take control of the company, saying it’s not good enough. Read more »

MARKET CLOSE: NZ shares gain, led by Cavalier, OceanaGold

Article – BusinessDesk

Oct. 31 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a two-week high, with gold miner OceanaGold and carpet-maker Cavalier leading the advance, while Fletcher Building fell. Read more »

NZ dollar surges vs yen on Bank of Japan intervention

Article – BusinessDesk

Oct. 31 (BusinessDesk) – The New Zealand dollar surged as much as 3.8 percent against the yen after the Bank of Japan made its third bid to devalue its currency this year. Read more »

3 News Poll – October 2011: Nat 52.3% Lab 30.2%

Press Release – TV3

Labour 38 [30.2%]/ 43 National 65 [52.3%] / 58 Green Party 12 [9.4%] / 9 Maori Party 4 [1.4%] / 5 ACT 2 [1.5%] / 5 United Future [-] 1 / 1 Mana [0.9] 1 / – Jim Anderton Progressive [-] / 1 Total seats 123 / 122 Read more »

EA Demands Smaller Retailers Meet Requirements

Press Release – Pulse Utilities NZ

A decision by the Electricity Authority to retain the right of distributors to impose onerous prudential securities requirements on retailers will deter entry to the market, restrict growth and continue to tip the playing field in favour of the existing big … Read more »

IG Markets – Afternoon thoughts 31st October

Press Release – IG Markets

Across Asia, regional markets are mostly weaker in a fairly quiet trading session. The Nikkei is the best performer in the region, surging 0.5% after the BOJ finally made good on its promise to intervene. Finance Minister Mr Azumi confirmed that Japan … Read more »

Domestic tourism an election issue says Motel Association

Press Release – Motel Association

Fresh ideas from politicians to encourage Kiwis to take a holiday within New Zealand tops the list of questions Motel Association of New Zealand (MANZ) members will be asking their local candidates ahead of the general election. What the next Government … Read more »

Building & Housing – Want to make getting licensed easier?

Press Release – Designers Institute of NZ

There are three basic parts to a Licensed Building Practitioners Design application. The application form, passport photos and certification of identification (drivers licence; passport or birth certificate) Read more »

HP Recognised as a Leader in 2011 Magic Quadrant

Press Release – Acumen Republic

HP today announced industry analyst firm Gartner, Inc. has named the company a “leader” in its 2011 Magic Quadrant for Managed Print Services (MPS) Worldwide.(1) In the Gartner Magic Quadrant report, HP was evaluated on its “completeness of vision” … Read more »

NZ Media ‘Blindfolded’ Over West Papua Crisis, Say Critics

Press Release – Pacific Media Watch

As tensions escalate in the Indonesian-occupied Melanesian region of West Papua, there is growing criticism over the lack of information in the mainstream New Zealand media about the troubled area. Read more »

Mediaworks Appoints Richard Fenner As Business Director

Press Release – Mediaworks

MediaWorks TV has appointed Richard Fenner to the newly created role of Business Development Director. Starting today, the role sees him working closely with the Sales team to identify new clients, projects and opportunities for the network. Richard … Read more »

NZVCA announce award for Deal of the Year

Press Release – NZ Private Equity and Venture Capital Ass

The New Zealand Private Equity and Venture Capital Association (NZVCA) has announced the winner of the inaugural NZVCA awards that recognises outstanding performance in the private equity industry. NZVCA Executive Director Colin McKinnon said “An … Read more »

Ultimate Hikes opens for the season

Press Release – Ultimate Hikes

New Zealand’s premier guided walking company launches its 2011-2012 season tomorrow (November 1) as the first walkers set out along tracks billed as the ‘finest walks in the world’. Queenstown based Ultimate Hikes operates guided walks on the Milford, … Read more »

TrustPower Limited Unaudited Financial Results

Press Release – TrustPower

TrustPower’s consolidated underlying surplus after tax was $75.6 million for the six months ended 30 September 2011 (an increase of 18 per cent) compared with $63.8 million for the same period last year. Underlying surplus after tax excludes fair … Read more »

$2.7 million funding for cancer research

Press Release – New Zealand Government

Health Minister Tony Ryall and the Minister for Science and Innovation Dr Wayne Mapp have announced funding for three cancer research projects. Studies of bowel cancer, palliative care and prostate cancer will be undertaken by researchers at Auckland … Read more »

Christmas just around the corner as Top Toys revealed

Press Release – Toyworld

The official start of the holiday season is almost upon us and to help parents to navigate the world of play … Toyworld has released its Top 10 hottest toys list for this Christmas. Toyworld is New Zealand’s largest toy retailer and compiles … Read more »

Real Journeys CEO Resigns

Press Release – Real Journeys

Real Journeys Chief Executive, Dave Hawkey, today signalled his intention to resign from the company after 10 years. Hawkey said that despite a number of significant achievements during his tenure, it was time now to focus on his family who are based … Read more »

New enforcement tools to improve collection of fines

Press Release – New Zealand Government

Having overdue fines and reparation may soon impact people’s ability to get credit as the government approves the implementation of the Credit Check of Fines initiative, Minister for Courts Georgina te Heuheu announced today. The initiative allows credit … Read more »

Business survey damns National’s lack of a plan

Press Release – New Zealand Labour Party

The business community has provided a damning commentary on National’s under-performance as an economic manager, saying the Government has no clear plan to lift New Zealand’s performance, says Labour’s Finance spokesperson David Cunliffe. Read more »

Auckland Plan difficult to endorse

Press Release – Property Council Of New Zealand

Auckland Council’s draft Auckland Plan cannot be endorsed without Government support, achievable targets for intensification, an implementation plan and an explanation of how capital projects will be funded. In a submission on the draft Auckland Plan, … Read more »

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