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Retail card spending has mixed results in September

Retail spending using electronic cards decreased by a seasonally adjusted 0.1 percent in September 2014, Statistics New Zealand said today.

Get fighting fit this Money Week

New Zealanders are being encouraged to shape up their finances as Money Week 2014 rolls out across the country (13-19 October).

Invercargill city valuations see capital values increase

The recent three yearly valuation reviews completed by Quotable Value Limited (QV) found there has been a 1.1% increase in capital value and a 1.9% increase in land value of Invercargill properties from July 1, 2011, to the date of the latest revaluation, July 1, 2014.

Electricity Authority begins review into Auckland power outage

Minister of Energy and Resources Simon Bridges has requested, under section 18 of the Electricity Industry Act 2010, that the Electricity Authority begin a review into the Auckland power outage which started on Sunday 5 October.

NZ Inc to gain from improving agriculture in Peru

NZ Inc stands to gain from partnering with Peruvian farmers to improve the productivity and profitability of that country’s highlands.

ASB first bank to be awarded the Rainbow Tick

ASB is delighted to be the first bank and the largest organisation in New Zealand to be awarded the Rainbow Tick, an external audit and quality improvement programme designed to help an organisation to be a safe, welcoming and inclusive place for people of diverse gender identity and sexual orien

GlobalDairyTrade result disappoints

The latest GlobalDairyTrade (GDT) result has disappointed Federated Farmers and now means farmers will be preparing for an austere 2014/15 season. "There’s no way to dress this up as anything but a kick in the guts," says Andrew Hoggard, Federated Farmers Dairy chairperson.

GDT result 'a further blow to Westland farmers'

Westland farmers are waiting for the bad news to end after the latest GlobalDairyTrade (GDT) result and Westland’s disappointing announcement yesterday confirming the $5.40 - $5.80 payout for the 2014/15 season, along with the final payout for the 2013/14 season remaining the least competitive

18pc pay rise for port boss 'unjustified and inflammatory'

The Rail and Maritime Transport Union (RMTU) says Lyttelton Port CEO Peter Davie’s 18% wage rise, taking his pay packet to $1.24m, is unjustified and inflammatory.

IoD introduces higher standards for company directors

The Institute of Directors says the introduction today of its Chartered Membership pathway will see higher professional standards for its members. A key aspect of the pathway is the implementation of mandatory professional development for the majority of IoD members, starting today.

Insurance Council joins Govt initiative on cyber security

The Insurance Council (ICNZ) has formally joined a Government initiative to improve New Zealand’s cyber security.

Free accidental death benefit for AMP KiwiSaver members

Leading life insurer and retirement savings provider, AMP Financial Services, has today announced that it will be offering a free accidental death benefit up to a maximum of $100,000 to existing AMP KiwiSaver Scheme members and new members who join the AMP KiwiSaver Scheme before the end of 2014

Large swathe of development land on the market in Chch

Christchurch’s metropolitan urban limits continue to be stretched - with a substantial 20 hectare swathe of residential zoned land coming on the market for sale... encompassing plans for 208 new sections and homes.

IrrigationNZ appoints Board chairperson

IrrigationNZ board member, Nicky Hyslop, will be confirmed as chairperson at the organisation’s AGM next Thursday. This is the first time a women has held this position.

'Final oversight review' for Pike River re-entry underway

In relation to its project to re-enter the drift at Pike River Mine, safety is the absolute priority for Solid Energy, says Board Chair Pip Dunphy.

Farmers 'down but far from out' with Fonterra news

Fonterra Cooperative Group farmer shareholders will welcome confirmation that the 2013/14 season has ended exactly as promised with a total payout of $8.50 per kilogram of milksolids (kg/MS). That good news is balanced by a sharp revision downwards in the 2014/15 forecast.

Take a long, hard look at your farming systems - DairyNZ

Industry body DairyNZ says the latest drop in Fonterra’s forecast Farmgate Milk Price for the 2014/15 season is a signal to farmers to reassess the costs of their farm system.

'Great result for farmers' following challenging year for co-op

Fonterra Shareholders’ Council Chairman, Ian Brown said the 2013/14 season was one of real complexities for the Co-operative yet produced a great result for Farmers.

Consumer confidence falls

The Westpac McDermott Miller Consumer Confidence Index fell to 116.7 in September, down from 121.2 in June. "Consumer confidence shifted down a gear in September," commented Westpac Chief Economist Dominick Stephens. "But confidence remains at a high level."

NZCU South wins national contact centre award

Credit union NZCU South are proud to announce that one of their Contact Centre Staff has won a prestigious national CRM Contact Centre Award. Antoinette Smith won one of four Outstanding Customer Service Representative Awards for overall attitude, WOW factor and professionalism.

Shuttlerock raises $2.35m Series A, opens US office

Shuttlerock, a visual marketing software company based in Rangiora near Christchurch, founded by former ValueClick Media Japan chief executive officer Jonathan Hendriksen, today announced it has raised $2.35 million in Series A funding.

Services lead to growth in GDP

Strong growth in service industries saw gross domestic product (GDP) rise 0.7 percent in the June 2014 quarter, Statistics New Zealand said today.

Steady GlobalDairyTrade result welcomed by farmers

Today’s steadying of GlobalDairyTrade is a welcome news for dairy farmers. "With peak milk about four weeks away we could do with some good news and while steady as she goes isn’t a plus sign, at least it is not a negative," says Andrew Hoggard, Federated Farmers Dairy chair.

OECD tax reform - impact for NZ business

The OECD set out final recommendations from the first half of its tax reform programme to tackle Base Erosion and Profit Shifting (BEPS) yesterday.

Airways seals Chinese partnership

Airways New Zealand has launched an exclusive partnership with the Civil Aviation Management Institute of China (CAMIC) for the delivery of air traffic control short courses in China, in a deal worth millions of dollars to the state-owned enterprise.

SME exporters enjoying growth - survey

New Zealand’s SME export sector has enjoyed a period of major growth over the last year, with many planning to invest in increasing staff and wages in expectation of another solid year ahead.

Turners announce partnership with Downer NZ

Turners Group (previously named Turners Auctions) has announced a new and exclusive partnership with Downer New Zealand, to manage the sale and disposal of all of Downer New Zealand’s vehicles and plant assets.

Australian jobs fairs 'sends a great signal to business'

Attending Australian jobs fairs to recruit skilled Kiwis - "Sends a great signal to business," says Auckland Chamber head Michael Barnett.

NZIER appoints new chief executive

The New Zealand Institute of Economic Research (NZIER), the country’s leading independent economic consultancy, has appointed Laurence Kubiak, the former BT Global Services’ Head of Economic Analysis and Director of Global Competition and Regulation, as its new Chief Executive.

Harmoney announces advisory board

New Zealand’s first peer to peer (P2P) lending platform Harmoney today announced the composition of its advisory board, a group of seasoned early stage P2P investors, P2P senior executives and consultants and tech entrepreneurs whose experience will guide the company as it prepares to launch in

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