Wednesday, 01 March 2017

Business News

  • Busy summer for MPI biosecurity staff

    12:46 | 23/2/17
    Scoop
    Faced with record numbers of international visitors this summer, Ministry for Primary Industries biosecurity staff have intercepted risk goods ranging from the bizarre to the potentially devastating for New Zealand’s economy and environment. more»
  • Summerset annual earnings rise 50% as expansion accelerates

    12:33 | 23/2/17
    Scoop
    Feb. 23 (BusinessDesk) - Summerset Group boosted annual earnings 50 percent after opening more retirement villages and improving its margins.  more»
  • Premium sports monopoly key to Sky-Vodafone merger rejection

    12:27 | 23/2/17
    Scoop
    Feb. 23 (BusinessDesk) - Ownership of “all premium sports content” by a “strongly vertically integrated pay-TV and full-service telecommunications provider” is the key reason for the Commerce Commission’s rejection of the proposed merger between ... more»
  • Summerset annual earnings rise 50% as expansion accelerates

    12:26 | 23/2/17
    Scoop
    Feb. 23 (BusinessDesk) - Summerset Group boosted annual earnings 50 percent after opening more retirement villages and improving its margins.  more»
  • Statement from Chief Executive NZ on Sky Vodafone ruling

    12:21 | 23/2/17
    Scoop
    “This was the right call from the Commerce Commission, and we are very pleased with the ruling.  more»
  • Port of Tauranga posts 8.5% 1H profit gain

    12:15 | 23/2/17
    Scoop
    Feb. 23 (BusinessDesk) - Port of Tauranga posted an 8.5 percent gain in first-half profit and raised its full-year guidance, saying both exports and import cargo volumes rose, including a rebound in the outbound log trade. more»
  • Fed minutes show concern at greenback strength

    12:13 | 23/2/17
    Scoop
    Feb. 23 (BusinessDesk) - The New Zealand dollar rose after minutes of the US Federal Reserve's latest meeting showed concern that a strong greenback could hurt the US economy while some comments appeared to downplay any near-term inflation risks. more»
  • MYOB to acquire leading payment solutions provider, Paycorp

    12:12 | 23/2/17
    Scoop
    MYOB Group Limited (MYOB or the company; ASX: MYO), a leading provider of online business management solutions, today announced it has entered in to a sale and purchase agreement to acquire 100 per cent of Paycorp Payment Solutions Pty Limited (“Paycorp”) ... more»
  • ComCom declines merger over competition fears

    12:10 | 23/2/17
    Scoop
    Feb. 23 (BusinessDesk) - The Commerce Commission has rejected an application by Sky Network Television and Vodafone New Zealand to merge their businesses over fears it would stifle competition, with a key factor being its ownership of premium sports ... more»
  • Promapp Ranked on the Deloitte Technology Fast 500™

    12:09 | 23/2/17
    Scoop
    Auckland, 23 February 2017 – Promapp, a leading provider of cloud-based business process management (BPM) software, today announced that it was one of 53 NZ companies ranked on the Deloitte Technology Fast 500™ Asia Pacific 2016, a ranking of the ... more»
  • Fonterra keeps forecast farmgate payout at $6/kgMS

    12:08 | 23/2/17
    Scoop
    Feb. 23 (BusinessDesk) - Fonterra Cooperative Group has kept its forecast farmgate payout at $6 per kilogram of milk solids, citing the rebalancing of demand and supply which led to a slump in dairy prices last year, and expects those prices to either ... more»
  • Air New Zealand posts 24% decline in 1H profit

    12:06 | 23/2/17
    Scoop
    Feb. 23 (BusinessDesk) - Air New Zealand posted a 24 percent fall in first-half pretax profit in the face of increasing competition into the domestic market.  more»
  • Consumers are beneficiaries of decision to turn down merger

    11:25 | 23/2/17
    Scoop
    Spark New Zealand said today the Commerce Commission’s decision to decline the proposed merger between Sky Network Television Ltd (“Sky”) and Vodafone New Zealand (“Vodafone”) is a big positive for kiwi consumers. more»
  • InternetNZ comment on merger clearance decision

    11:18 | 23/2/17
    Scoop
    InternetNZ has responded to this morning’s decision by the Commerce Commission to deny Commerce Act clearance for the proposed merger of Vodafone and Sky.  more»
  • Sky Vodafone merger decision was a fight worth having

    11:02 | 23/2/17
    Scoop
    Today’s decision by the Commerce Commission to decline the proposed merger of Vodafone and Sky highlights the importance of protecting competition – especially a three player mobile market.  more»
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