Archive for the 'Business' Category

NZ dollar heads for 0.9% weekly gain

Article – BusinessDesk

NZ dollar heads for 0.9% weekly gain as global fears see investors dump greenback

By Paul McBeth

Feb. 12 (BusinessDesk) – The New Zealand dollar is heading for a 0.9 percent weekly gain as increasing fears about the strength of the global economy has prompted investors to wind back their greenback holdings, having piled in on the prospect of higher interest rates in the world’s biggest economy. Read more »

Harmoney has $30 mln on hand as it steps up Australia launch

Article – BusinessDesk

Harmoney has $30 mln on hand as it steps up Australia launch
By Paul McBeth

Feb. 12 (BusinessDesk) – Harmoney Corp, New Zealand’s first and biggest peer-to-peer lender, has raised $30 million of working capital as it steps up plans to launch in Australia this year, but doesn’t anticipate seeking more funds until it’s cash-flow neutral. Read more »

CORRECT: Innate Immunotherapeutics co-founder sues company

Article – BusinessDesk

CORRECT: Innate Immunotherapeutics co-founder sues for royalties

(Corrects company name to Innate Immunotherapeutics) Read more »

Hotel Industry Awards expand to reflect success

Press Release – TIANZ

Hotel Industry Awards expand to reflect success

A new and expanded Hotel Industry Awards was launched today to recognise individuals who are doing an outstanding job in key roles, from housekeeping to the general manager, contributing to the sector’s overall success. Read more »

Victory for Pembroke Patisserie

Press Release – Pembroke Patisserie

Victory for Pembroke Patisserie
Matt and Kirsty Schmutsch are excited to announce they have been selected as one of the 10 winners in the Cuisine Artisan Read more »

Two New Directors Appointed to Real Journeys Board

Press Release – Real Journeys

12th February 2016

Two New Directors Appointed to Real Journeys Board
Leading southern tourism operator, Real Journeys, is pleased to announce the appointment of Sue Sheldon and Vicky Taylor as directors to its board following its AGM at Cardrona Alpine Resort last week. Read more »

Supermarket Giant Countdown urged to have a heart for hens

Press Release – SAFE

Supermarket Giant Countdown urged to have a heart for hens

Just in time for Valentine’s Day SAFE is asking supermarket giant Countdown to ‘show the hens some love’ by phasing out the sale of all cage eggs. Read more »

Michael Hill posts 5.1% gain in 1H profit as Aust picks up

Article – BusinessDesk

Michael Hill posts 5.1% gain in first-half profit as Australia picks up

By Tina Morrison

Feb. 12 (BusinessDesk) – Michael Hill International, the listed jewellery retailer, increased first-half profit 5.1 percent as it improved its performance in its key Australian market and boosted margins in New Zealand and Canada. Read more »

REINZ stats show regions rocketing!

Press Release – REINZ

Thursday, 11 February 2016
REINZ stats show regions rocketing!
“The latest REINZ January statistics released today tell only one real story and that is many of New Zealand’s regions are experiencing a significant lift in both real estate sale prices and sale volumes,” says Geoff Barnett – National Manager of Century 21 New Zealand. Read more »

Eco-vehicles confirmed as way of the future for NZ Post

Press Release – New Zealand Post

Eco-vehicles confirmed as way of the future for New Zealand Post

New Zealand Post is making a significant investment in its parcel and mail business with the addition of new Paxster electric delivery vehicles to its fleet. Read more »

Godfreys hoovers up The Service Company for $2.7 mln

Article – BusinessDesk

Godfreys hoovers up The Service Company for $2.7 mln

By Paul McBeth

Feb. 12 (BusinessDesk) – Australian vacuum cleaner firm Godfreys Group has bought New Zealand commercial cleaning firm The Service Company (TSC) for $2.7 million as it seeks to build up the business in a highly fragmented market. Read more »

Pressing Need for a National Policy Statement under the RMA

Press Release – The New Zealand Council of Shopping Centres

Pressing Need for a National Policy Statement under the RMA

The New Zealand Council of Shopping Centres (NZCSC) strongly supports a National Policy Statement (NPS) to provide clarity, pragmatism, and guidance on urban development under the RMA. Read more »

Upper North Island ‘Growth Triangle’ Confidence Reinforced

Press Release – Auckland Chamber of Commerce

Upper North Island ‘Growth Triangle’ Confidence Reinforced by Port Action

The decision of Ports of Auckland to establish an inland port in Hamilton will give upper North Island businesses greater choice for moving exports and imports around New Zealand and offshore. Read more »

NZ services offsetting lower commodity prices, says Moody’s

Article – BusinessDesk

Booming NZ services sector offsetting lower commodity prices, says Moody’s

By Tina Morrison

Feb. 11 (BusinessDesk) – Moody’s Investors Service is comfortable with its Aaa credit rating on New Zealand with a stable outlook, as it anticipates the impact from lower commodity prices will be offset by strength in areas of the economy such as tourism and education services. Read more »

CORRECT: Auckland house sales fall in January

Article – BusinessDesk

CORRECT: Auckland house sales fall in January, annual price rise below 10%

(Fixes number of Auckland houses sold in 2nd graph) Read more »

Auckland house sale fall in Jan, annual price rise under 10%

Article – BusinessDesk

Auckland house sales fall in January, annual price rise below 10%

By Paul McBeth

Feb. 11 (BusinessDesk) – The steam continued to come out of the Auckland property market in January, Read more »

Naming Rights Sponsor Announced for Pop-up Globe

Press Release – Skip Ink

Naming Rights Sponsor Announced for Pop-up Globe

Leading law firm Anthony Harper secures rights

POP-UP GLOBE – host of one of the biggest festivals of Shakespeare ever staged in the Southern Hemisphere — today announces that leading law firmANTHONY HARPER has secured naming rights for this year’s Shakespeare Season. Read more »

First Home Buyers Active Over Summer Break

Press Release – Real Estate Institute Of New Zealand

First Home Buyers Active Over Summer Break

Summary

5,048 dwellings sold in New Zealand in January 2016, Read more »

SkyCity first half profit rises 30%, helped by high rollers

Article – BusinessDesk

(Adds chief executive comment throughout, updates shares)

By Tina Morrison

Update:SkyCity first half profit rises 30%, helped by high rollers

Feb. 11 (BusinessDesk) – SkyCity Entertainment Group, which has four casinos in New Zealand and two in Australia, posted a 30 percent gain in first-half profit, citing improvements across all its properties and lower funding costs. Read more »

New eco-friendly power options for New Zealanders

Press Release – Panasonic

New eco-friendly power options for New Zealanders as Panasonic launches lithium-ion home storage battery system Read more »

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