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Business

New record for year to date commercial vehicle sales

David Crawford, Chief Executive Officer of the Motor Industry Association says "With one month of 2014 to go, more new commercial vehicles have been sold year to date than for any previous year. The previous highest year for new commercial registrations was 2013 with 30,881 units sold.

'Fresh thinking' addresses global aviation industry shortage

This week, Airways New Zealand will present an alternative approach to air traffic control training at a symposium of world experts.

UDC Finance increases profit 20 per cent

UDC Finance’s net profit after tax rose to $51.5 million for the year ended 30 September 2014, an increase of 20 per cent on the previous financial year.

Commerce Commision 'causes copper uncertainty'

InternetNZ is displeased that today’s announcement of a draft final pricing principle for copper broadband hasn’t provided the certainty the industry needs.

Former Gordon Stephenson Trophy-holders reflect on year

Winning the National Winner title in the 2013 Ballance Farm Environment Awards opened up a whole world of opportunity for Canterbury farmers Craige and Roz Mackenzie.

Spark warns of customer impact from Chorus wholesale charges

Spark New Zealand said today it was undertaking an urgent review of all broadband and fixed voice customer pricing following the announcement by the Commerce Commission of proposed new wholesale rates that Chorus charges retail service providers, including Spark.

Airport changes mean better biosecurity - MPI

Layout changes and new x-ray equipment at Auckland Airport will benefit biosecurity, says the Ministry for Primary Industries. The new layout, which opened late last week, provides increased space and improved flow for biosecurity checks.

Interest rate cut overdue - EMA

The Employers and Manufacturers Association has joined the call for an early cut to interest rates. According to the EMA the Reserve Bank should reduce the Official Cash Rate right away or risk deflation next year when the economy is predicted to slow.

Claudelands claims two major venue industry awards

Hamilton’s Claudelands claimed two major awards at the Entertainment Venues Association of New Zealand (EVANZ) Awards in Dunedin last night. Claudelands won the Supreme Venue of the Year Award, and Large Venue of the Year category, celebrating venues of 5000 seats or larger.

Nikko Asset Management tops NZ$4bn in AUM

New Zealand investors’ appetite for multi-strategy funds, as well as those focused on global bonds and cash, has driven assets under management (AUM) of Nikko Asset Management New Zealand to exceed NZ$4 billion for the first time, the company announced today.

First oil from the Maari Growth project

OMV is pleased to announce "first oil" from its Maari redevelopment drilling campaign in New Zealand. The Maari redevelopment drilling campaign in New Zealand, also known as the Maari Growth project, aims to increase reserves, production and recovery from the producing Maari field.

Unilever sells its Petone site

Unilever New today advised that it has accepted an offer for its site at Petone, following the closure of tenders in November.

New Partner at Chen Palmer

Chen Palmer is pleased to announce that James Dunne has been confirmed as the Firm’s newest Partner. James has worked at Chen Palmer for seven years, during which time he has worked on every type of public law instruction the firm attracts.

Petrol prices edge down towards $2 per litre

National petrol prices have edged closer to $2 a litre for the first time in two-and-a-half years.

CTU welcomes new Secretary Sam Huggard

The union movement is welcoming newly elected CTU Secretary Sam Huggard who takes office from tomorrow, 1 December 2014, and is paying tribute to outgoing Secretary Peter Conway.

Chatham completes financing programme

Chatham Rock Phosphate has raised approximately $820,000 in new capital. The allotment consists of new ordinary shares at $0.12 per share with one new listed CRPOB option allotted with each new share.

Members approve Alexandra Park's village plans

At a Special General Meeting of the Auckland Trotting Club this week members voted overwhelmingly in support of developing a new urban village on part of the site’s existing car-park.

Veritas completes biggest acquisition

Veritas confirms that the transaction to acquire the business and assets of The Better Bar Company group of companies ("BBC") has been completed and settled today (28 Nov.).

AA strengthens tourism front row

The AA has boosted its tourism credentials with the appointment of an industry leader to a new role at the organisation’s top table.

Air NZ named Company of the Year

Air New Zealand was named the Deloitte / AJ Park Company of the Year at last night's Deloitte Top 200 awards ceremony in Auckland.

BNZ wins Diversity Leader Award at Deloitte Top 200

BNZ won the inaugural Diversity Leader Award at the Deloitte Top 200 in Auckland last night. The award recognises organisations for their policies, programmes and values to enable greater diversity across their business.

Commission grants clearance to consumer pharmaceutical merger

The Commission has granted clearance to GlaxoSmithKline (GSK) to acquire the consumer healthcare business of Novartis AG (Novartis).

ComCom receives infant formula authorisation application

The Commerce Commission has received an application from the Infant Nutrition Council (INC) seeking authorisation to restrict their marketing activities of infant formula for children under six months of age.

Little Black Book of Dunedin Business to launch

Little black books are usually for keeping details tucked away, but this one is about getting the news out.

Rising housing costs outpace increase in household income

Spending on housing is growing at a faster rate than incomes, Statistics New Zealand said today. And people are spending more of their money paying off their mortgage principal, rather than just interest.

Exports fall 5.1 percent

Total goods exports were down $215 million (5.1 percent) in October 2014 compared with October 2013, Statistics New Zealand said today.

MYOB announces key appointments

MYOB has announced key appointments that will increase the company’s focus on continuing the strong uptake of innovative cloud solutions that make business life easier for SMEs, accounting practices and enterprises across Australia and New Zealand.

Chch's EPIC celebrating extended lease and second birthday

The Enterprise Precinct and Innovation Campus (EPIC) tomorrow marks its second birthday with the celebration of a seven-year extension to its ‘peppercorn’ lease on the land it occupies in central Christchurch.

Napier Port Directors to be appointed

The former Chief Executive of the Port of Melbourne will be appointed as a director to the Port of Napier Limited at its Annual General Meeting in December.

NZ 'needs to energise' to remain in Top 10

New Zealand continues to score well in an international survey of energy outcomes, but cannot afford to rest on its laurels, says the BusinessNZ Energy Council.

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