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Global dairy price recovery 'likely six months away'

As anticipated, global dairy prices softened considerably through Q2. According to Rabobank’s Dairy Quarterly Q2: Beyond the tipping point, prices fell as a result of improved milk production in export regions and the easing of forward purchasing by China.

Electricity customers 'deserve clarity in pricing'

Mighty River Power today called for change that would allow greater simplicity in electricity pricing announcements for the benefit of customers.

Northpower Fibre UFB orders lift 260% in Whangarei

Orders for Northpower Fibre connections have almost tripled since the completion of the Whangarei ultra-fast broadband network last month.

G-FIT to help increase financial literacy

An innovative new approach to increasing financial independence in the Tamaki community launches on 26 June at a lively event at the Ruapotaka Marae in Glen Innes.

Kiwibank launches new integration with Xero

More Kiwi businesses are set to enjoy the benefits of streamlined communications between their accounting and banking, with Kiwibank today announcing its support for Xero’s next-gen banking.

SBS Bank records operating surplus of $22m

SBS Bank is pleased to report an excellent profit result for the 2014 financial year, with operating surplus up 5.4% to $22.0 million.

Serko lists on NZX main board

Serko Limited (Serko) announces its shares will commence trading on the NZX Main Board at 11am today (NZST) under the ticker code ‘SKO’.

Banks records: can you always get what you want?

Customers are entitled to access records of their dealings with their bank but may be frustrated if the bank can’t produce either historical records or original documents, says Banking Ombudsman Deborah Battell.

Jade Software wins Mexico ports contract

Jade Software today announced that in a first for the company in Mexico and Central America, Grupo CICE has selected Jade’s terminal operating system (TOS), Master Terminal, to more easily manage its mixed cargo ports.

Boom in construction Apprentice of the Year entries

The construction industry has seen a boom of entries into its marque carpentry apprentice competition with a 34 per cent increase on 2013.

More visitors from the United States and Japan

Visitor arrivals to New Zealand reached a high of 161,400 in May 2014, partly due to more visitors from the United States and Japan, Statistics New Zealand said today.

Reward packages for 'notorious Kiwi business owners'

The Icehouse if offering three reward packages of $2,000 worth of business growth support for Notorious Kiwi Business Owners as part of their Wanted campaign.

Tech start-up Timely secures $1.3m in new funding

Software startup Timely is set to expand, after receiving $1.3 million of new investment.

CallPlus buys Orcon

CallPlus Group has today announced it has purchased ISP Orcon. Orcon joins CallPlus’ other residential ISPs, Slingshot and Flip, to take the group to 15% market share, with over 220,000 customers.

'Moral obligation' to increase financial literacy

Making KiwiSaver compulsory carries a moral obligation to ensure that Kiwisaver providers provide clearer information so more New Zealanders can make informed investment choices, according to a financial literacy expert.

Role of the Auckland Council's property arm expanded

Auckland Council Property Limited (ACPL) has been given additional resources to expand its operations and lift the supply of land for housing and town centre regeneration.

ikeGPS IPO to open after successful bookbuild

ikeGPS Group Limited is pleased to confirm that its planned IPO is expected to launch on 1 July following the successful completion of an institutional and broker bookbuild on 18 June 2014.

Fletcher leadership programme receives international honours

Fletcher Building Limited, in partnership with the University of Auckland Business School, has won a silver award in the Executive Development category of the 2014 European Foundation for Management Development (EFMD) Excellence in Practice Awards for its Leaders’ Edge programme.

NZ ready for FATCA - Bankers' Association

New Zealand is now ready to comply with US tax law that aims to reduce tax evasion by US persons who have financial accounts outside the United States said the New Zealand Bankers’ Association today.

High growth for now - but who benefits? - CTU

"Will most people see money in their pockets as a result of the current high GDP growth rates?" asks Bill Rosenberg, CTU Economist. "Economic growth is forecast to peak this year, yet wage growth has been slow.

Tui Products acquires Ian Hawthorne Wools

Invercargill-based dag-crushing processor Ian Hawthorne Wools has announced a successful acquisition of the business by New Zealand-owned and -operated Tui Products Ltd.

Construction drives rise in GDP

Strong growth in construction led to a 1.0 percent rise in gross domestic product (GDP) in the March 2014 quarter, Statistics New Zealand said today.

Current account deficit falls again

New Zealand's seasonally adjusted current account balance was a deficit of $0.6 billion in the March 2014 quarter, Statistics New Zealand said today. This is $0.3 billion smaller than the December 2013 quarter deficit.

Mighty River Power completes bookbuild for Capital Bond offer

Mighty River Power today announced the successful completion of the bookbuild process for its Capital Bond offer and a minimum interest rate set at 6.80%.

B+L US visit focuses on duty-free access to TPP markets

Beef + Lamb New Zealand CEO, Dr Scott Champion pressed home the need for comprehensive tariff elimination in the Trans Pacific partnership during a visit to the United States last week.

Xero hits NZ$100m annualised revenue

In May 2014, Xero Limited (XRO) hit monthly recurring subscription revenues of NZ$8.6m, passing NZ$100m in annualised subscription revenue for the first time. Full year operating revenue to March 2014 was NZ$70.1m.

Snap becomes 'YouTube HD Verified'

Snap, one of New Zealand’s fastest growing telecommunications providers, has received the highest rating in Google’s first Video Quality Report in New Zealand.

Ecuadorian delegation visits Massey's Manawatu campus

A delegation led by Ecuador's Ambassador to New Zealand and the livestock undersecretary from its Ministry of Agriculture, Livestock, Aquaculture and Fisheries visited the ManawatÅ« campus on Wednesday to discuss Massey’s expertise in a variety of areas of common interest.

Card spending rises in all retail industries

Retail spending using electronic cards increased by a seasonally adjusted 1.3 percent in May 2014, Statistics New Zealand said today.

MYOB announces stake in cloud POS provider Kounta

New Zealand’s leading business solutions provider MYOB has announced it has purchased a minority stake in Kounta, a high growth start-up that provides cloud-based Point of Sale (POS) solutions. The investment was for an undisclosed sum.

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