Tuesday, 21 February 2017

Business News

  • NZWSI Market Report: Wool Firms More

    14:36 | 16/2/17
    New Zealand Wool Services International Ltd’s Marketing Executive Malcolm Ching, reports that of the original 15500 bales intended for sale from both centres, 2500 bales were withdrawn by growers prior to the auction with the balance of 13000 bales ... more»
  • Cadbury to close doors on Dunedin factory after 80 years

    14:26 | 16/2/17
    Feb. 16 (BusinessDesk) - Mondelez International, the US company that returned US$1.1 billion to shareholders last year, is to close its Cadbury factory at the end of 2018, moving production to Australia and eliminating 350 jobs to cut costs. more»
  • NZ Merchant Service Guild Welcomes Changes

    13:56 | 16/2/17
    Immigration New Zealand’s (INZ) has announced the removal of the occupations “Ship’s Officer” and “Ship’s Master” from the Long Term Skills Shortage List (LTSSL). The New Zealand Merchant Service Guild welcomes this decision. more»
  • Things turn sour for Cadbury employees

    13:33 | 16/2/17
    Things turn sour for Cadbury employees Today’s announcement from multinational giant Cadbury, that they will close their landmark factory in Dunedin taking away the jobs of almost 400 people, has left a bitter taste in the mouths of many. “This ... more»
  • Mayor moves to support affected Cadbury workers

    13:31 | 16/2/17
    Dunedin (Thursday, 16 February 2017) – Mayor of Dunedin Dave Cull says he is working with local agencies to support workers affected by today’s announcement that Mondelez International plans to end manufacturing operations at its Cadbury’s Dunedin factory ... more»
  • Government ekes out six-month surplus of $9M

    13:20 | 16/2/17
    Feb. 16 (BusinessDesk) - The New Zealand government eked out a tiny surplus in the first six months of the fiscal year as growth in domestic consumption lifted the goods and services tax take, while uncertainties over the Kaikoura earthquake costs ... more»
  • Precinct lifts 1H profit 12% on strong occupancy rate

    13:02 | 16/2/17
    Feb. 16 (BusinessDesk) - Precinct Properties New Zealand, the listed commercial property investor, lifted first-half profit 12 percent as its overall occupancy rate rose to 99 percent and demand for its Commercial Bay development remained strong. more»
  • Four charged with fraud over $40M loan facility

    13:01 | 16/2/17
    Feb. 16 (BusinessDesk) - Four people have been charged with fraud over a $40 million loan facility obtained from ANZ Bank New Zealand to finance the development of the Waldorf Celestion Apartment Hotel in Auckland, the Serious Fraud Office says. more»
  • UPDATE: Spark 1H earnings rise 3.5%

    12:58 | 16/2/17
    Feb. 16 (BusinessDesk) - Spark New Zealand lifted first-half earnings 3.5 percent as the acquisition of Computer Concepts Ltd bolstered revenue from its IT services unit and got an early dividend from its stake in the Southern Cross trans-Pacific ... more»
  • Sky TV refuses to delay merger

    12:43 | 16/2/17
    Feb. 16 (BusinessDesk) - Sky Network Television says it won't delay a merger with Vodafone New Zealand to give other telecommunications companies time to appeal it in court if the transaction is approved by the Commerce Commission. more»
  • Homeowners face insurance shortfalls after earthquakes

    12:43 | 16/2/17
    Growing concern about under-insured earthquake-damaged homes in the Kaikoura region is an acute reminder to check your house insurance policy to make sure you have enough cover. more»
  • Caldera founder Jim Watson loses cancer battle

    12:41 | 16/2/17
    Feb. 16 (BusinessDesk) - Jim Watson, whose personal battle with prostate cancer led him to co-found Caldera Health, has succumbed to the disease but investors are showing confidence in the company's gene testing technology by converting options into shares. more»
  • IRD-approved Flexi Account launched

    12:22 | 16/2/17
    Business taxpayers now have a way to pay income tax on their terms, not Inland Revenue’s.  more»
  • Auckland - Northland roading improvements welcomed

    12:12 | 16/2/17
    The indicative route just announced for a new motorway between Warkworth and Wellsford will help make the freight trip between Auckland and Whangarei safer and more efficient.  more»
  • Goods & Services Trade by Country: Year ended September 2016

    12:06 | 16/2/17
    Due to the Kaikoura Earthquake on 14 November 2016, the full Goods and Services Trade by Country: Year ended September 2016 release was cancelled. We are now able to provide the data from this release in machine-readable zipped csv files. These zipped csv ... more»
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