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Five vying for DairyNZ director position

The five farmers seeking a four year term as a DairyNZ director are: - Donna Smit (Whakatane, Bay of Plenty) - Murray Jamieson (Okaihau, Northland) - Greg Maughan (Marton, Manawatu), - Jim van der Poel (Ohaupo, Waikato) and

$250,000 fine for illegally selling vehicles

Auckland company Awan Boueki Pacific Limited and its 55 year old director have been fined a total of $250,000 for selling 69 vehicles in a year, without being registered as a motor vehicle trader.

New online repayment option for overseas student loan borrowers

New Zealand students now living in Australia are being reminded not to ignore their student loan debt as Inland Revenue expands its latest tool to help with repayments.

New Kia factory to ease NZ vehicles supplies

Kia Motors is looking to further boost its worldwide growth, with the announcement of a new US$1 billion car factory to be built in Mexico.

Connor Healthcare seeks clearance to acquire Acurity

The Commerce Commission has received an application from Connor Healthcare Limited seeking clearance to acquire all of the shares that it does not currently own in Acurity Health Group Limited. Connor Healthcare already has a 12% shareholding in Acurity.

Kiwi food business scoops major marketing award

My Food Bag - the home delivery business that sparked a transformation in food retailing - has won a Judges’ Choice award at the 2014 TVNZ NZ Marketing Awards. Founded in Auckland in March 2013, My Food Bag has won the emerging business / new brand category in the prestigious awards.

Confidence 'now down 46 points' from its February peak

ANZ Business Outlook August 2014 Waning business sentiment is turning into a trend, declining for the sixth successive month.

Domestic sales fall, exports stay positive - NZMEA

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during August 2014, shows total sales in July 2014 decreased 8.07% (year on year export sales increased by 12.03% with domestic sales decreasing 27.48%) on July 2013.

Rental growth patchy in Wellington office market

Rental returns for commercial property in Wellington are reflecting a two-speed economy - with properties either showing healthy dividends, or struggling, according to latest real estate research data.

Kiwibank profit hits $100 million

Kiwi Group Holdings Limited ("KGH"), which includes Kiwibank Limited and associated companies involved in Wealth Management, Insurance and New Zealand Home Loans, has achieved an after tax profit of $107 million for the year ended 30 June 2014.

NZ Post profit 'shows no rationale for drastic job cuts'

New Zealand Post Group’s $107 million profit shows the company is not in crisis and can afford to carefully consider any future job losses, says the union representing NZ Post workers.

NZ aviation experts improving airfield safety in Vanuatu

Just a stone’s throw from Vanuatu’s tiny Lonorore Airport, on Pentecost Island, an ancient ‘’land diving" tradition is attracting worldwide interest in this remote corner of the Pacific. Accessing this remote spot, however, is notoriously weather dependent.

Airports Association calls for action on 'monopoly routes'

New Zealand Airports Association (NZ Airports) has welcomed Air New Zealand’s commercial success, but says regions are right to question whether provincial routes are generating excessive profits.

Fonterra increases processing capacity

Fonterra’s Board has given the green light to build a new high efficiency milk powder drier in the North Island and further increase milk processing capacity in the South Island to help meet global demand for dairy products.

Fonterra maintains forecast farmgate milk price for 2014/15 season

Fonterra Co-operative Group Limited today maintained its forecast Farmgate Milk Price for the 2014/15 season at $6.00 per kgMS. Along with a previously announced estimated dividend range of 20-25 cents per share, the forecast Cash Payout for the season is $6.20-$6.25.

Improved coordination of banking regulation

A new Banking Forum will better coordinate the work of several Government agencies that regulate banks.

Monthly exports fall for first time since August 2013

The value of exported goods was $3.7 billion in July 2014, down $125 million (3.3 percent) compared with July 2013, Statistics New Zealand said today.

Directors' fees rise - survey

The Institute of Directors 2014 Directors’ Fees Report shows directors’ fees have risen this year after several years of little change.

Metlifecare announces NPAT of $68.8 million

Metlifecare has recorded a successful result for the year ended 30 June 2014, as New Zealand’s second largest retirement village provider continues to focus on realising development opportunities and driving further efficiency into its operations.

Aorere invests in Chatham Rock Phosphate

Aorere Resources will invest $500,000 in Chatham Rock Phosphate, independent chairman Dene Biddlecombe announced today. "The independent directors think the shares represent outstanding value."

Croxley considers closing Avondale factory

Iconic New Zealand stationery supplier, Croxley Stationery, today announced that it is considering ceasing manufacturing at its Avondale factory from next year in favour of continuing as a dedicated wholesaler.

BNZ wins Canstar small business banking award

Each year CANSTAR researches the small business banking offerings available from New Zealand financial institutions, in order to identify the financial institution it recognises as offering small businesses the best value.

1Above reports accelerated sales growth

New Zealand based flight drink company 1Above has reported accelerated sales growth in the last six months after launching an effervescent tablet version of the product in April and establishing kiosks in Sydney and Melbourne international airports last month.

Visitor arrivals: Japan bounces back to overtake Germany

Visitor arrivals for the year-end July have seen Japan bounce back to reclaim the position of New Zealand’s fifth largest source of international visitor arrivals - a position it lost to Germany in March 2014. Total arrivals from Japan are up 3.8 per cent for the year.

'Strong sales signal confidence' in the NZ wine industry

Solid export value growth and continued demand for New Zealand wine is the summary of the year according to the June year end 2014 Annual Report of New Zealand Winegrowers.

AMP NZ first-half earnings up 5% to $59m

Leading wealth management and insurance provider, AMP Financial Services, has today announced operating earnings of NZ$59.4 million for the half-year to 30 June 2014. This is an increase of 5% from the same time last year and has been driven by increasing profit margins.

Shearer claims on power pricing a 'work of fiction'

Claims by Labour Energy spokesperson, David Shearer, about rocketing power prices and "outrageous" profits are plainly incorrect and grossly misleading for New Zealand electricity consumers.

Co-operative Business celebrates co-ops' achievements

At its AGM held in Auckland last Thursday (August 14), Cooperative Business New Zealand appointed its new board of directors: Jonathan Lee [Chair], David Shaw, Kim DeGarnham, Blue Read, Christine Burr and Russell Green.

Farmers welcome GlobalDairyTrade stabilisation

Federated Farmers is pleased to see stabilisation in the latest benchmark GlobalDairyTrade (GDT) online auction result but warns price volatility will likely continue until well into the last quarter.

Northland building shortlisted for international award

An early childhood education centre in Kawakawa, Northland, New Zealand has been named a finalist in the World Green Building Council’s (WorldGBC’s) inaugural Asia Pacific Regional Network Leadership Awards.

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