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Total retail spending flat in March

Total retail spending using electronic cards was flat in March 2014, Statistics New Zealand said today. When adjusted for seasonal effects, total retail spending was unchanged this month, following a 0.8 percent increase in February 2014.

Wellington waterfront building design gets thumbs up

Wellington City Council’s Transport and Urban Development Committee this week supported plans for a new building and public space improvements in the north Kumutoto area of Wellington’s waterfront.

Commission completes long running trans-Tasman cartel case

The Commerce Commission has completed its long running case involving the cardboard packaging cartel between Visy Board Pty Ltd (Visy) and Amcor Ltd with the final defendant, Mr James Hodgson, being ordered to pay a penalty of $60,000 and costs of $38,352 for his involvement.

People skills add up for CFOs - Hays

CFOs are no longer hired purely for their abilities with numbers and analytics, with strong people skills equally as important says recruiting experts Hays in New Zealand.

SBS Bank CEO to retire from role

SBS Bank today announced Ross Smith, will be retiring from the role of Chief Executive at the end of July. SBS Chairman John Ward said Smith’s decision to retire, would bring to a close a remarkable career of 22 years of continuous service to the business and its customers.

Court decision vindicates Commission approach - InternetNZ

Today’s decision by the High Court to reject Chorus’ appeal against the Commerce Commission’s IPP pricing model for Unbundled Bitstream Access is a victory for common sense says InternetNZ (Internet New Zealand Inc).

National Engineering Centre team grows at SimplHealth

This year is progressing well for SimplHealth with two new senior project managers coming on board as the company looks to expand its business at home and overseas.

Recovery surges ahead, QSBO

Economic activity strengthened in early 2014, according to the NZIER’s March 2014 quarter Quarterly Survey of Business Opinion (QSBO). Trading activity, which closely mirrors GDP growth, accelerated to the fastest pace since December 2003 - when annual GDP growth was near 4.5%.

Live NZ seafood goes online in China promotion

New Zealand Trade and Enterprise (NZTE) has joined forces for the first time with China’s most popular business-to-consumer online shopping platform Tmall.com, to promote New Zealand seafood in a week-long campaign.

First black Air NZ 787-9 aircraft revealed in Seattle

Air New Zealand’s first Boeing 787-9 aircraft bearing the airline’s distinctive new all black livery has been revealed at Boeing’s Everett factory near Seattle.

Fonterra $300,000 fine proportionate - Federated Farmers

After accepting four Ministry for Primary Industries (MPI) charges relating to the 2013 whey protein concentrate recall, Federated Farmers believes the $300,000 fine is proportionate.

Business conditions: better, but currency a worry - NZMEA

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during March 2014, shows total sales in February 2014 increased 9.16% (year on year export sales increased by 14.87% with domestic sales increasing 3.99%) on February 2013.

'Better customer service' at owner operated franchises

Owner operated franchises are the places to shop if you want better customer service when you're buying an appliance, says Consumer NZ.

Andrew Thorburn appointed Group CEO of National Australia Bank

Bank of New Zealand (BNZ) chairman John Waller announced today that CEO and managing director Andrew Thorburn will be leaving in order to take up the role of Group CEO of National Australia Bank, BNZ’s parent company, from August this year.

Further Queensland fruit fly find under investigation

The Ministry for Primary Industries (MPI) is investigating a new find of a single male Queensland fruit fly in a surveillance trap in Whangarei. The fly was collected from an MPI routine surveillance trap on Tuesday 1st April and formally identified late yesterday.

New Zealand Post sells Localist

New Zealand Post Group has sold its subsidiary company Localist. The business was purchased by a group led by Localist CEO Christine Domecq. New Zealand Post Group CEO Brian Roche said the sale is a good outcome for New Zealand Post and Localist.

Interest rate swaps case - further information being assessed

The Commerce Commission has announced that it is currently assessing new information received concerning the banks involved in the interest rate swaps investigation.

Investment in exports well-placed - BusinessNZ

More focus on key markets will benefit New Zealand’s export prospects, says BusinessNZ. BusinessNZ Chief Executive Phil O’Reilly says additional funding announced today for NZTE’s work in China, South America and the Middle East will help more New Zealand companies export there.

ExportNZ welcomes increased help for exporters

ExportNZ Executive Director Catherine Beard welcomes the Government’s announcement of more assistance for exporters, in particular the increased resources to be based in the China, South America and the Middle East regions.

Tourism industry leaders join TIA board

Three of the tourism industry’s most senior executives are joining the board of the Tourism Industry Association New Zealand (TIA).

Beef + Lamb New Zealand Genetics appointments announced

Beef + Lamb New Zealand has appointed a Chairman and General Manager to run the new entity Beef + Lamb New Zealand Genetics.

Industry welcomes Blocks offer - PEPANZ

Petroleum Exploration and Production Association CEO, David Robinson, today welcomed the announcement of the 2014 Blocks offer. "This year there are a mix of onshore and offshore blocks around New Zealand on offer, including:

Sentence handed down in SFO mortgage fraud prosecution

Ramni Kumar (46) was sentenced in the Auckland District Court today to 12 months' Home Detention and 250 hours of Community Work for the role she played in a $3.9 million mortgage fraud scheme.

Canterbury earthquake insurance pay outs crosses $11b mark

Insurance companies have paid out over $11.1 billion in commercial and residential Canterbury earthquake settlements at the end of February 2014, according to the Insurance Council of New Zealand.

KPMG and Xero form strategic alliance for UK SMBs

Accounting software company Xero Limited (XRO) has announced a strategic alliance with KPMG in the United Kingdom.

BNZ KiwiSaver Scheme appointed a default provider

Just over a year following launch, the BNZ KiwiSaver Scheme has been appointed a KiwiSaver default provider by Ministers Bill English and Craig Foss this morning. BNZ CEO Andrew Thorburn says the default appointment shows that BNZ’s "deliberately different" approach is hitting the mark.

Auckland Airport named Best Airport in Australia Pacific

At the 2014 SKYTRAX World Airport Awards held overnight at the passenger Terminal EXPO in Barcelona, Auckland Airport was named: - Best Airport in Australia Pacific for 6th year in a row - Best Airport Staff Service in Australia Pacific for 3rd year running

Primary products exports flourish in February

Exports of primary products led the rise in total goods exports in February 2014, Statistics New Zealand said today. This includes rises for milk powder, logs, and sheepmeat exports.

Gen-i supports ICBC's New Zealand launch

One of the world’s largest banks, the Industrial and Commercial Bank of China (ICBC), has leveraged Gen-i’s ICT solutions expertise to open their first branch and become the first Chinese bank in New Zealand.

Free template legal documents for NZ tech companies

Technology law firm Simmonds Stewart has launched an online suite of template documents for New Zealand tech companies, to help them with the legal basics.

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