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Fonterra announces new palm products sourcing standard

Fonterra has adopted a new standard for sourcing of palm products as part of its commitment to sustainability.

MPI job cuts 'will impact biosecurity, food safety and fisheries'

Proposed job cuts at the Ministry of Primary Industries will decimate its compliance staff - and result in unacceptable risk to our most important export sectors, the Public Service Association says.

Positive consumer spending welcomed by retailers

Retail NZ, the trade association representing over two thirds of total retail spend in New Zealand, has welcomed news that consumer spending in New Zealand has increased over the June 2015 quarter, after the release of the latest Retail Trade Statistics.

ONL offers 'Manuka Bonds' to finance supply

Oceania Natural Limited (NXT: ONL) is launching a new funding initiative, issuing ‘Manuka Bonds" to increase its bulk Manuka honey inventory, offering wholesale investors a unique opportunity to invest in the ONL Group.

NZKGI welcomes amendments to Kiwifruit Export Regulations

New Zealand Kiwifruit Growers Inc. (NZKGI) welcomes today’s announcement by the Government to approve amendments to the Kiwifruit Export Regulations.

Westpac drops floating rates and introduces term deposit special

Westpac is reducing its floating mortgage rates and introducing a new six month term deposit special following the Reserve Bank of New Zealand’s change to the Official Cash Rate today.

Downer awarded Chch Southern Motorway contract

Downer EDI Limited (Downer) today announced that its joint venture with McConnell Dowell had been awarded the contract to deliver the NZ$195million second stage of the Christchurch Southern Motorway (CSM2).

Time for Kiwis to refocus their financial strategies - ANZ

Record low interest rates are an opportunity for households to pay down their home loans and to focus on saving, ANZ New Zealand CEO David Hisco said today.

Airport security staff reach agreement

New Zealand’s Aviation Security Service says it is pleased that a settlement has been reached for a new pay deal.

Guest nights rebound in June

For June 2016 compared with June last year, domestic guest nights in the North Island rose 13.9 percent, following a 5.7 percent fall in May.

Risk assessment the first step to selecting the right cyber insurance

As companies look to mitigate the growing risk of cybercrime, a leading cyber security expert said decision makers should complete a comprehensive risk assessment before making any insurance decisions.

Growing number of schoolgirls being won over to a tech career

Hundreds of Auckland schoolgirls will later this month have a hands on experience how some of New Zealand’s most hi-tech companies such as Air New Zealand, Microsoft and Vodafone operate.

Small pockets of customers still without power in Hawke's Bay

Small pockets of customers remain without power following the Transpower fault which affected Hawke’s Bay earlier this morning. Customers in Flaxmere are still without power and our crew are patrolling and working with Transpower to plan restoration.

KiwiRail signs contract for 15 more DL locomotives

KiwiRail Chief Executive Peter Reidy has signed an agreement with CRRC for the purchase of 15 DL class locomotives. KiwiRail expects to take delivery of the new locomotives in 2018. KiwiRail has previously purchased 48 DL locomotives from China Rail.

2degrees switches on 4G in Taupo, Ohakune, Taranaki, Picton and Timaru

2degrees continues to rollout its 4G network having most recently gone live in Taupo, Ohakune, Taranaki, Picton and Timaru.

Financial markets good conduct guide 'fuzzy law'

Guidelines released by the Financial Markets Authority (FMA) around conduct in financial markets were created without clear relevant statutory basis and are open to subjective interpretation, a Chapman Tripp partner says.

Suncorp New Zealand announces 2016 full year results

Suncorp Group Limited today reported net profit after tax (NPAT) of A$1,038 million for the 12 months to 30 June 2016. Suncorp New Zealand’s operations, across General and Life Insurance, delivered a solid earnings result, with an after tax contribution of NZ$198 million.

Go Bus Transport acquire luxury coach line business

Go Bus Transport, New Zealand’s largest and most diverse bus operator, is to acquire the business and brand of Johnston’s Coachlines. The deal is conditional at this stage but is expected to be completed before 1 September.

Farming technology pioneer Ian Campbell passes away

Innovative Wairarapa farmer, technology pioneer and founder of CRS Software, Ian Campbell, has passed away. Campbell was ahead of his time, an early adopter of technology, and he saw the value it could add to farming businesses.

NZ-OECD agenda released

An array of international speakers has been lined up to give their insights into financial capability at the NZ-OECD Global Symposium in Auckland.

NZ's first commercial scale biodiesel plant receives tallow delivery

New Zealand’s first commercial-scale biodiesel plant today received its first delivery of inedible tallow, which enables the beginning of biodiesel production.

TB differential levy to be introduced

New Zealand’s meat processors have for some years collected a single uniform biosecurity levy on beef and dairy cattle at meat processors to pay for the costs of TB eradication.

DairyNZ: break-even cost pared back as farmers lift efficiency

Industry body DairyNZ says the increased dividend and the maintained $4.25 per kg MS Fonterra Farmgate Milk Price is some good news for farmers with shares.

New Hub great for wider region, say Chambers

The new Waingawa log hub will provide tremendous opportunity for the wider Wellington region say the Wellington and Wairarapa Chambers of Commerce.

Michael Anderson named CEO of MediaWorks

MediaWorks has today announced the appointment of Michael Anderson as CEO. Michael will join MediaWorks on the 29th August from Australia where he is currently Chairman of Oztam and oOH! Media and a non-Executive Director of Fairfax Media.

March weather cost insurers $30m

Two days of wild weather in March that caused several rivers to overflow has cost insurers $30 million dollars, the Insurance Council of New Zealand reported today.

Independent travellers bring tourism dollar to new regions

A new report into New Zealand’s tourism sector says travellers are looking to regional New Zealand for a more ‘authentic’ Kiwi experience.

Local firm launches new broadband service for motorhomers

An innovative Kiwi company has played a key role in launching a new 4G-enabled broadband service that’s designed specifically to meet the needs of motorhomers.

Bumper weekend ahead, says Chamber

Wellington retailers and the hospitality scene can look forward to a bumper weekend as the city hosts the Super Rugby final, says Wellington Chamber of Commerce Chief Executive John Milford.

Sniffing out the enemy: scent may be stoats' Achilles heel

Odour could be the next weapon in the arsenal against some of New Zealand’s worst predators including the stoat, the major killer of young kiwi chicks in New Zealand’s native forests.

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