Archive for February, 2018

International visitors spend $10.6bn in year to December

Press Release – New Zealand Government

Hon Kelvin Davis

Minister of Tourism
21 February 2018

International visitors spend $10.6bn in year to December

International visitor spending reached a record high of $10.6 billion in the year to December 2017, Tourism Minister Kelvin Davis says. Read more »

More of NZ’s neat places showcased

Press Release – Neat Places

More of NZ’s neat places showcased

FOR IMMEDIATE RELEASE: Wednesday 21 February 2018

A curated guide of the cool, quirky and unique eateries, bars and shops around New Zealand is expanding. Read more »

F&P Healthcare’s long-standing CFO Tony Barclay to retire

Article – BusinessDesk

F&P Healthcare’s long-standing CFO Tony Barclay to retire

By Tina Morrison

Feb. 21 (BusinessDesk) – Fisher & Paykel Healthcare’s long-serving chief financial officer Tony Barclay will retire from the medical device maker at the end of May. Read more »

Exhibition shows Kiwis Issue of Lifestyle Interruption

Press Release – Partners Life

Exhibition Sponsorship Connects Kiwis
With Issue of Lifestyle Interruption


The travelling global exhibition BODY WORLDS Vital is a sight to behold, and in April this year, when the exhibition opens in Auckland, Kiwis will be given an eye-opening look at human anatomy, to see up close how our lifestyles truly affect our bodies. Read more »

New Partnership promotes Māori legal scholarship

Press Release – Nga Pae o te Maramatanga

New Partnership promotes Māori legal scholarship
Tēnā koutou katoa

The inaugural Borrin Foundation – Ngā Pae o te Māramatanga (NPM) Summer Legal Research Internship awards were announced at the Supreme Court in Wellington, at yesterday’s launch event for the Michael and Suzanne Borrin Foundation. Read more »

A2’s shares hit record on 1H results, Fonterra deal

Article – BusinessDesk

A2’s shares hit record on 1H results, Fonterra deal

By Sophie Boot

Feb. 21 (BusinessDesk) – A2 Milk shares spiked 16 percent to a record after the company announced it had more than doubled first-half profit on strong infant formula sales and has aligned itself with Fonterra Cooperative Group which will see the two companies partner up on a range of products. Read more »

UPDATE: Spark first-half profit falls 3.4%

Article – BusinessDesk

UPDATE: Spark first-half profit falls 3.4% as cost of Quantum transformation offsets revenue gain

(Adds detail throughout, updates share price) Read more »

Fletcher posts $273 mln 1H loss on B+I

Article – BusinessDesk

Fletcher posts $273 mln 1H loss on B+I; construction, building product profits fall

By Jonathan Underhill

Feb. 21 (BusinessDesk) – Fletcher Building reported a first-half loss, reflecting losses at its Building + Interiors unit and said profit was down at its other construction businesses and in building products. Read more »

A2 Milk first-half profit soars 150%

Article – BusinessDesk

A2 Milk first-half profit soars 150%, aligns itself with Fonterra in new supply deal

By Sophie Boot

Feb. 21 (BusinessDesk) – A2 Milk more than doubled first-half profit on strong infant formula sales and has aligned itself with Fonterra Cooperative Group which will see the two companies partner up on a range of products. Read more »

The Easing Trend Continues

Press Release – Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 100 fewer lifestyle property sales (-5.5%) for the three months ended January 2018 than for the three months ended January 2017. Read more »

FIRST CUT: Spark first-half profit falls 3.4%

Article – BusinessDesk

FIRST CUT: Spark first-half profit falls 3.4% as cost of Quantum transformation offsets revenue gain

By Paul McBeth

Feb. 21 (BusinessDesk) – Spark New Zealand’s first-half profit fell 3.4 percent as the country’s biggest telecommunications company ramped up spending on a new transformation programme aimed at making it the nation’s lowest cost operator. Read more »

Regional rail funding announcement imminent

Article – BusinessDesk

Regional rail funding announcement imminent as ‘wall of wood’ grows

By Pattrick Smellie

Feb. 21 (BusinessDesk) – Extra funding to bring the Napier-Wairoa railway line back into full-time service appears imminent, given signals yesterday from KiwiRail chief executive Peter Reidy and the announcement on Friday of the first projects to get support from the government’s $1 billion a year regional development fund. Read more »

Canterbury rebuild seven years on

Press Release – Statistics New Zealand

Canterbury rebuild seven years on
21 February 2018

Tens of thousands of new homes have been consented in Canterbury since the 22 February 2011 earthquakes, Stats NZ said today. Canterbury’s building costs and rents have risen faster than in other parts of the country. Read more »

Heartland keen to beef up profitable reverse mortgage book

Article – BusinessDesk

Heartland keen to beef up profitable $1 bln reverse mortgage book

By Paul McBeth

Feb. 21 (BusinessDesk) – Heartland Bank says it would be happy to grow the size of its $1 billion reverse mortgage loan book after the business delivered “strong” earnings, especially in Australia. Read more »

Meccano menswear chain enters Voluntary Administration

Press Release – KordaMentha

KordaMentha partners, Grant Graham and Neale Jackson, have been appointed Voluntary Administrators by the Board of menswear clothing retailer, Meccano 2016 Limited, trading as Meccano. Read more »

Partnership schools thriving despite uncertain future

Press Release – E Tipu e Rea

New Zealand’s partnership schools have full to overflowing rolls at the start of the new academic year, despite an uncertain future. Read more »

Bray leads from the front at first Prokart Series round

Press Release – KartSport

Kiwi karting international Daniel Bray got his 2018 Molecule ProKart Series campaign off to the best possible start at the opening round at the annual TRC Toyota Levin Trans-Tasman kart race meeting in Palmerston North over the weekend. Read more »

Rare, multi-million dollar Ford collection on show

Press Release – Transport World

A multi-million dollar Ford motorsport exhibition is on at Bill Richardson Transport World for the next month. The Celebrating Ford Motorsport exhibition is a Ford racing collection that includes 20 cars, all monumental to the history of Ford motorsport in New Zealand. Read more »

“Bike the bridge” kicks off Zero Carbon Act Cycle Tour

Press Release – Generation Zero

Generation Zero kicked off a cycle tour which will go from Auckland to Wellington starting with the “Bike the Bridge” event on Sunday 18th February. The cycle tour is the first of a number of initiatives that Generation Zero has planned before the start of the government’s official consultation on the Zero Carbon Bill in May. Read more »

Soltius ups predictive analytics offerings

Press Release – Soltius New Zealand

Soltius ups predictive analytics offerings with Data Scientist appointment

Habib Baluwala to focus on providing customers with actionable insights through analytics, IoT, AI and machine learning Read more »

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