Wednesday, 19 December 2018

Business News

  • Telstra to join Southern Cross Cable, diluting Spark share

    21:08 | 18/12/18
    Scoop
    Dec. 18 (BusinessDesk) - Australian telco Telstra will join Southern Cross Cable Network's SX NEXT project as an anchor customer and take a quarter stake in the trans-Pacific underwater link operator.  more»
  • Hortinvest launches extensive Lindis River cherry project

    19:24 | 18/12/18
    Scoop
    New Zealand horticultural investment company, Hortinvest Limited has released a $15.5 million cherry orchard project at Central Otago to savvy investors seeking a slice of the premium cherry pie. The 80-hectare Lindis River project near Cromwell ... more»
  • Napier Port profit hits record

    19:17 | 18/12/18
    Scoop
    Dec. 18 (BusinessDesk) - Napier Port reported another record profit this year as the amount of cargo handled also hit a record.  more»
  • Transpower faces sanction for handling of 2017 outage

    19:16 | 18/12/18
    Scoop
    Dec. 18 (BusinessDesk) - National grid operator Transpower has been referred to the electricity industry’s Rulings Panel for its handling of a major power outage in the lower South Island last year. more»
  • Credit unions seek scale, profitability in five-way merger

    19:15 | 18/12/18
    Scoop
    Dec. 18 (BusinessDesk) - Five of New Zealand's credit unions are to merge and create the country's largest single union of member-owned, low-cost lenders as the sector struggles with the cost of new banking software and a recent credit rating downgrade. more»
  • Govt scraps CTO role in favour of 'a small group'

    17:30 | 18/12/18
    Scoop
    The government has abandoned its vexed search for a Chief Technology Officer in favour of "a small group of people" to assist it in mapping policy to guide New Zealand's digital technology environment. more»
  • NZ business confidence gets a pre-Christmas lift

    17:10 | 18/12/18
    Scoop
    Dec. 18 (BusinessDesk) - Business confidence finally saw a lift in December, after tanking towards the end of last year on political uncertainty when the new Labour-led government took office. more»
  • Trade for All Advisory Board appointed

    16:41 | 18/12/18
    Scoop
    The newly-appointed Trade for All Advisory Board had its first meeting in Wellington on 12 December. It has been set up to provide an independent report to the Government with practical, implementable recommendations on how to make trade policy work for ... more»
  • DHL Express NZ predicts an almost 40% volume surge

    16:40 | 18/12/18
    Scoop
    DHL Express New Zealand is predicting a 35% - 40% increase in parcel deliveries this festive season, over 7% higher than the same period in 2017.  more»
  • CRL statement regarding RCR Infrastructure NZ

    16:35 | 18/12/18
    Scoop
    City Rail Link (CRL) is aware that RCR Infrastructure NZ has been placed into voluntary administration. This has no impact on the work that is currently being undertaken as part of the Interim Project Alliance Agreement to deliver the design for the project’s ... more»
  • Aged care, tourism first in line for temporary migrant work

    16:34 | 18/12/18
    Scoop
    Residential aged care and the tourism and hospitality sectors are at the front of the queue in offering to develop the local workforce in exchange for easier access to temporary migrant workers.  more»
  • Last ditch effort to resolve industrial action

    16:05 | 18/12/18
    Scoop
    The Association of Salaried Medical Specialists (ASMS) and Te Runanga o Toa Rangatira (Ora Toa Health) will meet tomorrow (Wednesday) in a last-gasp effort to resolve industrial action and prevent a full-day strike on Christmas Eve. Tomorrow will also ... more»
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