Thursday, 23 March 2017

Business News

  • OMV, STOS Win Big at Inaugural Petroleum Conference Awards

    07:09 | 23/3/17
    OMV and Shell Todd Oil Services were the big winners at the inaugural New Zealand Petroleum Conference awards announced tonight. OMV picked up the awards for Exceptional Health, Safety and Environmental Leadership and for Excellence in Community Partnership ... more»
  • Is health insurance pricing baby boomers out of the market?

    06:57 | 23/3/17
    Auckland, 23 March 2017. As the average cost of health insurance reaches $2,210 per year, over half of people think it is becoming too expensive. For baby boomers rates climb even higher with average costs rising to $3,765 per year.  more»
  • Former F&P Healthcare employee pleads guilty to corruption

    06:34 | 23/3/17
    March 22 (BusinessDesk) - A former employee of Fisher & Paykel Healthcare pleaded guilty to a series of corruption-related charges in the Auckland District Court, the Serious Fraud Office said. more»
  • Failure of Aussie trader blamed for demise of business

    06:33 | 23/3/17
    March 22 (BusinessDesk) - Alan Mitchell, a veteran of the goat breeding and goat meat industry, blames a failed Australian trading company for the demise of his export business, according to a liquidators' report. more»
  • NZSA slams Heartland Bank's capital raising as unfair

    06:31 | 23/3/17
    March 22 (BusinessDesk) - The New Zealand Shareholders Association has criticised Heartland Bank over a $40 million of capital completed this month after its discounted share purchase plan closed more than three times oversubscribed. more»
  • FMA halts Forestlands plan to distribute $18M after sales

    06:27 | 23/3/17
    March 22 (BusinessDesk) - The Financial Markets Authority is talking to Forestlands over $18 million the forest owner planned to distribute to investors after selling its assets. more»
  • NZ dollar extends gain against Aussie

    06:25 | 23/3/17
    March 22 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar as the interest rate differential between the countries looks set to persist and as investors were unnerved by the US White House's inability to deliver on its plans. more»
  • Affco seeks judicial review of meatworkers ruling

    06:23 | 23/3/17
    March 22 (BusinessDesk) - Affco New Zealand is making another attempt to throw out a ruling that it unlawfully locked out meat workers when collective bargaining was taking place, this time asking the Court of Appeal for a judicial review of the Employment ... more»
  • MARKET CLOSE: NZ shares fall

    06:13 | 23/3/17
    March 22 (BusinessDesk) - New Zealand shares fell, with Fonterra Shareholders' Fund and Fletcher Building dropping while Sky Network Television rose after the pay-TV company said it will challenge the regulator's decision to decline its Vodafone merger. more»
  • Diversity Award a big boost for New Zealand businesses

    17:41 | 22/3/17
    Recognition at the Diversity Awards NZ has helped two innovative local companies make an even bigger impact with their initiatives designed to create an inclusive workplace for New Zealanders. more»
  • Fonterra: ingredients offset gains from higher value product

    17:08 | 22/3/17
    March 22 (BusinessDesk) - Fonterra Cooperative Group lifted first-half earnings from its consumer and food service businesses by shifting volumes into higher-value products but the gains were more than offset by a decline in earnings from its ingredients ... more»
  • NZ Refining gross margins edge up in start to 2017

    17:06 | 22/3/17
    March 22 (BusinessDesk) - New Zealand Refining's gross margins edge higher in the first two months of the year with strong throughput at the Marsden Point refinery.  more»
  • Serko gets $2 million extension to Callaghan grant

    17:03 | 22/3/17
    March 22 (BusinessDesk) - Serko, the online travel booking firm looking to turn a profit next year, has been given an extension to its Callaghan Innovation grant to spend on research and development.  more»
  • Upside Biotechnologies raises $2.3 mln in funding round

    17:00 | 22/3/17
    March 22 (BusinessDesk) - Upside Biotechnologies, a regenerative medicine start-up, said it has successfully raised $2.3 million in its Series A funding round.  more»
  • Largest Sawmill in Southern Hemisphere to open in Rotorua

    16:56 | 22/3/17
    The worlds most advanced sawmill and the first ‘super-mill’ in the Southern Hemisphere is to be opened by Prime Minister Bill English in Rotorua this Thursday.  more»
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