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Caution evident In rural sector - REINZ

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were 79 fewer farm sales (-15.4%) for the three months ended July 2015 than for the three months ended July 2014.

New insurance industry oversight council formed

The Insurance Council of New Zealand, whose members underwrite 95% of the general insurance market, that is, other than health or life insurance, has revised its Fair Insurance Code and appointed three well known New Zealanders to monitor compliance with it.

Auction result welcome 'but industry needs to remain vigilant'

Federated Farmers has welcomed the outcome of this morning's GlobalDairyTrade auction, but says those in the dairy industry need to remain vigilant.

First milk through new high-efficiency dryer at Pahiatua

The new high-efficiency milk powder plant at Fonterra's Pahiatua site has kicked into gear, processing its first milk from the Co-op’s lower North Island farmers.

Fletcher Building reports drop in earnings

Fletcher Building today reported net earnings of $270 million for the year ended 30 June 2015, compared with $339 million in the 2014 financial year. The result included significant items totalling $150 million relating to the impairment of goodwill and site closure costs.

Aluminium company to pay 48K after employee burnt at work

McKechnie Aluminium Solutions Limited has been fined $33,000 and ordered to pay $15,000 in reparation after an explosion caused serious burns to an employee’s foot, and superficial burns to his left hand, arm, chest and head.

New partner for economic development organisation

Regional economic development can expect a shot in the arm from a new partnership signed in Wellington on Friday.

'More than $1b claims paid each year' for personal insurance

New Zealanders have received more than $1 billion a year in personal insurance claims for each of the last five years according to figures released today by the Financial Services Council (FSC).

Landcorp sales will go to foreign investors - Little

The Government cannot let mismanagement of another State Owned Asset see large sales of productive farmland end up in foreign investors’ hands, Opposition leader Andrew Little says.

Retailers cautiously welcome Govt GST moves

Retail NZ has cautiously welcomed the release of a Government discussion paper that proposes foreign websites selling digital services to New Zealanders pay GST - but has urged faster action on dealing with low value goods as well.

Eat My Lunch launches crowdfunding campaign

Startup Eat My Lunch today launched a project crowdfunding campaign on PledgeMe to support the work it is doing to alleviate child poverty in New Zealand.

Michael Hollings joins Stephenson Thorner

Wellington accountancy firm Stephenson Thorner today announced that Michael Hollings has joined the practice as an Associate of the firm.

Possible IPO for Carters Building Supplies

Carter Holt Harvey (CHH) is considering an IPO of the New Zealand Carters building supplies distribution business through an offer of ordinary shares in Carters Building Supplies Group Limited (Carters) and listings on the NZX and ASX.

TGH appoints Chris Joblin as CEO

The Board of Tainui Group Holdings (TGH) today announced the appointment of Chris Joblin to the role of CEO. Mr Joblin joined TGH in December 2009 as Chief Financial Officer and has been Acting Chief Executive since mid-April this year.

New Zealand Home Loans appoints new CEO

The board of New Zealand Home Loans (NZHL) is pleased to announce the appointment of Julian Travaglia as the new Chief Executive Officer, effective 12 October 2015.

Retailers unsurprised by slowdown

Retail NZ says that, while the slower growth reported in the latest retail trade statistics is disappointing, it is not surprising. "Retailers are reporting that business has been steady, but not stellar through until the end of June," Retail NZ Chief Executive Mark Johnston said today.

Slower sales growth for retailers in June quarter

Retail sales growth eased in the June 2015 quarter after big gains in recent quarters, Statistics New Zealand said today.

New technology for sustainable snapper fishing

The New Zealand seafood industry makes a serious commitment to the sustainability of our fisheries through significant investments in world-leading technologies, Chief Executive Tim Pankhurst says.

'Silver economy' - a silver bullet for regions?

Could the spending power of a growing ageing population and an emerging Māori economy provide a new base for economic and social prosperity in regions?

Fonterra cuts GlobalDairyTrade quantity forecasts

Fonterra Co-operative Group Ltd is significantly reducing its GlobalDairyTrade (GDT) offer quantity forecasts for the next 12 months.

Solid Energy's workers deserve more - Little

Solid Energy’s workers and the West Coast community face two more years of uncertainty with today’s announcement of the State Owned Enterprise going into voluntary administration, Opposition Leader Andrew Little says.

Solid Energy into temporary voluntary administration

Placing Solid Energy into temporary voluntary administration gives the best chance to secure an ongoing future for the different parts of the business, Finance Minister Bill English and State Owned Enterprises Minister Todd McClay say.

Food prices up 1.2 percent in year to July

In the year to July 2015, food prices increased 1.2 percent. This follows a decrease of 0.1 percent in the year to June and 0.8 percent in the year to May.

Kiwi Regional Airlines opens bookings, confirms flight dates

Kiwi Regional Airlines has announced the opening of its online and telephone reservations system today.

Deliotte enhances cloud offering with Spotlight Reporting

Deloitte Private and Spotlight Reporting are delighted to announce their strategic partnership to the New Zealand market. Deloitte Private plans to roll out a national offering featuring Spotlight Reporting tools for clients in coming months.

NZTR Members' Council appoints new director to the Board

Two Directors of New Zealand Thoroughbred Racing (NZTR) are required to retire by rotation at each Annual General Meeting. This year Matthew Goodson (Chairman) and John Stace step down and both are eligible to stand for reappointment.

Massey lecturer honoured by dairy industry

Massey University’s School of Food and Nutrition senior lecturer Rod Bennett has been awarded the New Zealand Institute of Food Science and Technology Distinguished Service Award for the Dairy Industry.

Bow Wow Box's equity raising campaign over 50% funded

Bow Wow Box, New Zealand’s first subscription-box dog treat delivery company, was started late 2014 after founder Andy Evans saw a gap in the market for dog owners who wanted natural treats and toys professionally selected and delivered to the door once a month.

Retail card spending up in July

Retail spending using electronic cards was $4.6 billion in July 2015, up $244 million (5.6 percent) from July 2014, Statistics New Zealand said today.

Clear slowdown in the economy - ANZ Truckometer

A further fall in the ANZ Truckometer signals a clear slowdown in the economy, with the ANZ Heavy Traffic Index falling 0.3% in July. This index is down 0.2% in the last three months versus the previous three months (seasonally adjusted) and has fallen in six of the last seven months.

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