Saturday, 25 February 2017

Business News

  • Statement from Chief Executive NZ on Sky Vodafone ruling

    12:21 | 23/2/17
    “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
    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
    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
    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
    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
    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
    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
    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
    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
    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
    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»
  • Process efficiency delivered with global leader Esker

    10:54 | 23/2/17
    In its continuing drive to deliver increased automation and control to manual business processes, Fuji Xerox New Zealand’s Enterprise Consulting Services says its partnership with global Accounts Payable (AP) leader Esker is bringing best practice capabilities ... more»
  • Port of Tauranga On Track for One Million Containers (TEUs)

    10:48 | 23/2/17
    Half year net profit rises to $41.9 million from $38.6 million as the country’s premier freight gateway benefits from rising cargo volumes and continues to set standards for port productivity  more»
  • Second largest interim result and maintains strong dividend

    10:40 | 23/2/17
    Air New Zealand has today announced earnings before taxation for the first six months of the 2017 financial year of $349 million, compared to $457 million in the prior year - the second highest result for an interim period in the airline’s history. more»
  • Latipay riding the great China payment wall

    10:33 | 23/2/17
    A high rising New Zealand company riding the great China payment wall is in line next month for a major international award at a global accelerator awards event in Austin, Texas. more»
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