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June quarter export volumes jump

The volume of goods New Zealand exported rose 10 percent in the June 2016 quarter, after adjusting for usual seasonal patterns, Statistics NZ said today. Export volumes are at their highest levels since the series began in 1990.

European recognition of FMA oversight of auditors

The European Commission has announced its recognition of the New Zealand audit oversight regime as equivalent to EU standards, permitting NZ-regulated auditors to operate in the European Union.

Spark lifts broadband plan allowances by up to 50%

Spark has announced today that the majority of its home and many of its business broadband customers will receive up to 50% more data on their plans.

Spotlight Reporting secures $5 million in new capital raise

Spotlight Reporting, the Wellington-based cloud software company, has secured $5 million in a Series A raise.

Key Chorus contractor walks away from fibre work - union

E tū says the decision by Downer to stop laying fibre for Chorus has exposed the poor treatment of Chorus contractors, and will jeopardise the sustainability of the new network.

New appointment to Synlait's Senior Leadership Team

Quentin Lowcay, General Counsel and Commercial Manager, has joined Synlait’s Senior Leadership Team.

Mike Allen to step down from Mercury Board

Mercury director Mike Allen has advised that he will step down from the company’s Board on 3 November 2016, after seven years’ service.

Air New Zealand staff recognised for record profit

E tū and FARSA members at Air New Zealand will be celebrating a $2500 bonus today as the airline announces a record profit. The bonus is recognition of the role Air New Zealand employees working through their union have played in achieving a fantastic result.

Latest tourism spend data released

The latest Monthly Regional Tourism Estimates released by the Ministry of Business, Innovation and Employment (MBIE) today show that most regions had a growth in tourism expenditure over the year to July 2016.

Kiwibank reports after tax profit of $131m

Kiwi Group Holdings (‘Group’), which comprises Kiwibank Limited and associated wealth management, insurance and lending businesses has achieved an after tax profit of $131 million for the year ended 30 June 2016 - down 0.8% on the previous yea.

New Zealand Post Group reports net profit of $141m

The New Zealand Post Group has reported a net profit after tax (NPAT) of $141 million for the year ended June 2016 confirming a steady year-on-year financial performance for the Group overall.

Heliport 'to meet rising demand from global luxury tourism market'

Construction is advanced on a new helicopter terminal and hangar at Auckland Airport. The new facility will be built, owned and managed by local helicopter tour operator Helicopter Me, and will cater for the airport’s growing number of affluent and adventure-seeking passengers.

The Rock Morning Rumble stunt breaches broadcasting standards

A complaint about a radio stunt alluding to prison rape has been upheld by the Broadcasting Standards Authority (BSA) and seen broadcaster MediaWorks ordered to pay $1,000 in costs to the Crown and make a statement on air.

Fonterra forecast gives dairy a boost - Federated Farmers

Federated Farmers dairy industry spokesperson Andrew Hoggard says the Fonterra announcement today will boost dairy farmer optimism and even more usefully, will ease their bank manager’s worries.

'Increasing interest' in more fuel-efficient vehicles

When it comes to buying a new car, more than 83 percent of New Zealand consumers say that fuel efficiency is more important than power.

Drop in beef and lamb exports to top markets

Beef and lamb exports to key markets fell in July, slicing into overall meat exports, Statistics NZ said today. In the month of July 2016, total exports were $4.0 billion and total imports were $4.4 billion.

Hawaiki selects landing partner for Hawaii landing

Hawaiki Submarine Cable LP, the New Zealand owner and developer of Hawaiki submarine cable system, has selected DRFortress as its landing and operating partner in Hawaii.

Annual results show Kiwis love Fly Buys

Loyalty New Zealand Limited, the company that owns Fly Buys, today announced growing revenue and profits in its financial results for the year ended 31 March 2016.

Two significant TaaS contract wins for Vodafone

Vodafone has been selected to deliver telecommunications services to two major government agencies - the Ministry of Justice and Ministry of Business, Innovation and Employment (MBIE).

Gig goes national and MyRepublic challenge other ISPs in Dunedin

Fibre Broadband Provider, MyRepublic is challenging Internet Service Providers (ISPs) to automatically upgrade eligible GigCity Dunedin customers to a gig speed connection. Currently only half of consumers in Dunedin who have Fibre Broadband are on a gig connection.

IAG's New Zealand business results for FY16

A highly competitive commercial insurance market and growth in personal motor cover are features of the performance of IAG’s insurance brands in New Zealand over the past financial year, says IAG’s New Zealand Chief Executive Craig Olsen.

Tax relief for Hawke's Bay businesses on the way

Cabinet will consider a recommendation to allow Inland Revenue to waive interest on late payments of taxation for businesses affected by the Havelock North gastroenteritis outbreak, announced Revenue Minister Michael Woodhouse and Small Business Minister Craig Foss.

Enable launches new one Gigabit wholesale broadband service to greater Chch

Christchurch’s local fibre company, Enable, has today launched a one Gigabit wholesale residential fibre broadband service across its coverage area in Christchurch and surrounding towns.

Preliminary guidance for payroll service providers - comments invited

Following feedback from key stakeholders, the Tax Practitioners Board (TPB) has released the second draft of an information sheet to help payroll service providers understand the tax agent services regime and whether they need to register as a tax or BAS agent.

Acute Finance charged over unreasonable fees and repayment waiver

Acute Finance Limited (Acute) has pleaded not guilty to five charges brought by the Commerce Commission under the Credit Contract and Consumer Finance Act 2003 (CCCFA) about its credit fees and its repayment waiver.

Market eases slightly for coarser wools

New Zealand Wool Services International Ltd’s Marketing Executive, Mr Malcolm Ching reports that the 6470 bales on offer saw a 72 percent clearance with most types slightly easier compared to the last South Island sale on 4th August.

Vodafone announces new RBI peak speed agreement

Vodafone is pleased to announce new peak speed commitments for 4G rural wireless broadband services delivered under the Rural Broadband Initiative (RBI).

Emirates to fly A380 to Amman

Emirates will operate a special one-off A380 service to Amman on 25 September, marking 30 years of commitment to Jordan.

Waikato post and parcels hub to open

New Zealand Post's newest facility, the Waikato Operations Centre in Te Rapa, will be officially opened tomorrow morning. New Zealand Post’s Waikato and Bay of Plenty Regional Delivery Manager Dean Horsup says Hamilton is an important hub in the nationwide mail network.

Wellington Wine Country a winner

The establishment of Wellington Wine Country Limited to market wine produced across the greater Wellington region is a brilliant example of regional collaboration with big benefits to all concerned, according to Chris Laidlaw, chairman of the Greater Wellington Regional Council.

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