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New civil aviation rule proposed for unmanned aircraft

Industry and the public will soon get an opportunity to have their say on a proposed Civil Aviation Rule for unmanned aircraft operations.

Veritas' purchase of Better Bar Company approved

Veritas Investments Limited (NZX:VIL) today confirmed strong shareholder support for its fourth acquisition in 18 months, with approval to purchase The Better Bar Company (BBC) group of hospitality outlets for $31.2 million. This is expected to make Veritas a $90 million a year revenue group.

VMob appoints Sales Director for UK and Europe

Global expansion continues for internationally-awarded New Zealand mobile marketing company VMob (NZAX: VML) as they today announced the appointment of 20-year industry veteran Graham Halling as Sales Director for UK and Europe markets.

Abano announces sales of orthotics business

Abano Healthcare Group (NZX:ABA) has announced the conditional sale of its orthotics business, The Orthotic Centre, to private investors. Settlement is planned for the end of January 2015 following completion of standard conditions.

New retailers land at Auckland Airport

Auckland Airport is expanding its international duty free shopping experience with the addition of a range of covetable local and international brands. The newly opened fashion and beauty stores in the airport’s international departure area are:

Chinese company ups shareholding in Southland meat processor

In a move that will see Prime Range Meats firmly hooked into its own secure supply chain into China, Lianhua Trading Group is increasing its shareholding from 24.9% to 75%.

Air NZ and Air China agree strategic alliance

Air New Zealand and Air China have today signed a Statement of Intent as part of Chinese President Xi Jinping’s state visit to New Zealand that will pave the way for a strategic alliance on services between China and New Zealand.

NZ Yarn finalises acquisition Christchurch Yarns

NZ Yarn has today announced the acquisition of Christchurch Yarns has been finalised. The business will trade as NZ Yarn Limited effective immediately.

Gull's policy 'is not to charge staff for drive offs'

Statement from Gull

Arvida IPO price set at 95c

Strong demand from New Zealand and Australian institutions and NZX firms has seen the new national retirement village group Arvida Group Limited (Arvida) raise the full initial $75 million sought through its Initial Public Offer.

Visitor expenditure from China almost $1 billion

International visitor spend in New Zealand continues to grow, with spend from China now at a record $979 million, up 33 per cent from September last year, according to the latest quarterly International Visitor Survey released by the Ministry of Business, Innovation and Employment (MBIE).

National income shows strong growth in 2014

In the March 2014 year, New Zealand earned $14.4 billion more as a country than in 2013, Statistics New Zealand said today. National disposable income was up 8.2 percent to $189.2 billion, in current prices, in the March 2014 year.

More fiscal discipline needed - BusinessNZ

BusinessNZ supports the NZ Initiative’s call for greater fiscal discipline by government. The NZ Initiative has called for the government to be subject to more fiscal rules, and for the establishment of a fiscal council to monitor government proposals for taxing and spending.

South Island wool prices firmer

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the wider range of types on offer at this week’s South Island sale compared to the last sale in the North Island on 13th November saw a better spread of buying interest.

Fronde and Spanning announce partnership

Today, Spanning Cloud Apps, the most trusted provider of data backup and recovery for cloud applications, and Fronde, an Australasia technology leader, announced a strategic partnership that will help to liberate organisations from the risk of data loss.

Allegations have been distracting - Progressive

Today the Commerce Commission announced it has closed its investigation into Progressive Enterprises Ltd having found no evidence to support false allegations made under Parliamentary Privilege earlier this year, or in any of the other matters investigated.

Commission closes Countdown investigation

The Commerce Commission has completed its investigation into allegations of anti-competitive and intimidating behaviour by Progressive Enterprises Ltd, the operator of Countdown supermarket chain, towards their suppliers.

Purchase price of new capital rises 0.5 percent

In the September 2014 quarter, the price of purchasing new capital items rose 0.5 percent, Statistics New Zealand said today. Four of six asset groups measured by the capital goods price index (CGPI) rose. The major upward contributions to the CGPI came from higher prices for:

Lower milk prices push down producer prices

Producer prices fell in the September 2014 quarter, due to decreases in dairy prices, Statistics New Zealand said today.

Gull pushes petrol below $2

‘Fill ‘er up’ suddenly doesn’t sound quite as daunting. Gull, New Zealand’s independent family-owned oil company, has this morning, at 7am, dropped the price of 91 petrol to $1.999 a litre, with prices at some sites as low as $1.899 per litre.

Slingshot welcomes Netflix

Statement from Slingshot General Manager Taryn Hamilton:

Netflix NZ launch a great thing - InternetNZ

InternetNZ is thrilled that Netflix has announced it will be launching in New Zealand next year.

PledgeMe raises $100k in under 24 hours

New Zealand’s crowdfunding platform PledgeMe attracted $100,000 of investment in under 24 hours yesterday. "PledgeMe is happy to announce our equity crowdfunding campaign reached its maximum funding goal in under a day," PledgeMe’s Co-founder and CEO Anna Guenther said today.

Directors optimistic about economy, but face barriers to growth

Directors are very optimistic about economic performance in the next 12 months, but believe that reducing the amount of red tape and building staff capability will further improve performance.

Further GDT drop leaves farmers uncertain

Another drop in the GlobalDairyTrade of 3.1 percent will be a huge disappointment to New Zealand’s dairy farmers. "It goes without saying that the lowest auction price in five years is going to be a blow to the industry," says Andrew Hoggard, Federated Farmers Dairy Chair.

NZ small business 'continues to falter'

A new survey from CPA Australia has found that New Zealand’s small business sector continues to falter.

Young Friesian follows in father's fertile footsteps

Herd improvement company CRV Ambreed has cause to celebrate this month as its top performing bull, Aljo TEF Maelstrom, continues to prove his strong genetic value.

Lodge Real Estate buys Cambridge Real Estate

Leading Hamilton real estate company, Lodge Real Estate, has bought a stake in Cambridge Real Estate, partnering with well-known rural salesperson David Soar, and existing shareholder Sherry Herkes.

PledgeMe set to crowdfund itself

New Zealand’s crowdfunding platform, PledgeMe is set to start equity crowdfunding itself this today, PledgeMe CEO Anna Guenther said. "PledgeMe is crowdfunding crowdfunding," Ms Guenther said.

Dairy companies welcome FTA with Korea

The Dairy Companies Association of New Zealand (DCANZ) has welcomed the successful conclusion of Free Trade Agreement (FTA) negotiations between New Zealand and Korea.

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