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Insurance payment boosts Orion's 2015 result

The final settlement of earthquake insurance claims has provided a $24m boost in profit for electricity distribution business, Orion New Zealand Limited. The Christchurch-based company has posted an $83m profit after tax for the year ended

Kiwi Wealth named a People's Choice KiwiSaver provider

Kiwi Wealth has been named a Consumer NZ People’s Choice KiwiSaver provider. The Award followed a survey of nearly 5000 Consumer members asked how satisfied they were with their providers. Kiwi Wealth was formerly Gareth Morgan KiwiSaver and is owned by Kiwibank.

Colliers International reports record growth

Colliers International CEO, Mark Synnott, says revenue for Colliers' entire New Zealand operation including the franchises was $85 million last year compared to $71 million in 2013.

Sir Eion Edgar backs Hawaiki Cable

Hawaiki Cable and SIL Long Term Holdings Limited (SIL), the family investment vehicle of Sir Eion Edgar, are pleased to announce they have signed a binding agreement to become equity partners to build the Hawaiki submarine cable system.

Higher surplus reported

The Financial Statements of the Government of New Zealand for the 11 months ended 31 May 2015 were released by the Treasury today. The statements are compared against forecasts based on the Budget Economic and Fiscal Update (BEFU) published in May.

New major events sought for Auckland

Major events organisers and promoters planning events from 2016/17 onwards have an opportunity to apply for sponsorship with an annual application window opening today.

New vehicles registrations top 13,000 in June

David Crawford, Chief Executive Officer of the Motor Industry Association says ‘After a flat May, the new vehicle market once again took off in June with 13,030 new vehicles registered, the strongest month of June on record and the 5th strongest month of all time.

New role for Countdown Managing Director

Countdown’s Managing Director Steve Donohue will take up a new role within Woolworths Food Group following his appointment as Director of Buying and Merchandising for Woolworths Supermarkets, based in Sydney.

2 Cheap Cars moves vehicle finance business

2 Cheap Cars is moving its $30 million a year vehicle financing business to Finance Now … a subsidiary of the SBS Bank. 2 Cheap Cars is New Zealand’s biggest used car importer and retailer and last year featured in the Deloitte’s Fast 50 business awards.

New Acting Chief Executive for Standards NZ

Standards New Zealand will have a new Acting Chief Executive from 1 October 2015, Standards Council Chair, John Lumsden, announced today.

Growers elect two new members to HortNZ Board

Horticulture New Zealand’s grower members have elected two new directors to their board. Voting closed on Friday. The two new directors are: John Cook, a kiwifruit grower, from Bay of Plenty Mike Smith, a kiwifruit grower, from Bay of Plenty

Semble adds Snapper to the mobile wallet

From today, Kiwis can enjoy the convenience of using public transport with only their smartphone, thanks to the addition of Snapper to the Semble mobile wallet app. Launched in March this year, Semble now boasts two service categories including payments and public transport.

Close to two million NZers shopping online

Online shopping has been embraced by mainstream New Zealand with close to 2 million adults (1,952,000) making a purchase via the internet in the last year. Digital consumers are purchasing more items online (+9% year on year) and spend much more (+21%).

Businesses 'want govt to show leadership on sustainability'

New Zealand businesses want the government to show greater leadership around carbon, waste and water issues, a University of Waikato study has found.

Flick Electric Co. tops Consumer NZ satisfaction survey

Flick Electric Co. has the most satisfied customers in the electricity industry according to the results of Consumer NZ’s energy customer satisfaction survey released this morning. The company achieved a rating of 96% - more than 20% higher than the average across all suppliers.

Businesses adjust expectations as demand softens

The latest NZIER Quarterly Survey of Business Opinion shows the New Zealand economy losing momentum.

Rising pay rates in Ireland 'could impact on the Chch rebuild'

One World Resourcing’s Declan Clancy says rising pay rates for construction workers in Ireland could make New Zealand less attractive to Irish workers.

Report idenitifies drivers affecting NZ's hospitality businesses

A new hospitality report, presented to Minister of Statistics and Minister for Small Business, the Honourable Craig Foss, by Hospitality New Zealand and Crowe Horwath, has identified three key drivers which are affecting New Zealand’s hospitality businesses.

Kiwi insurance partnership launches industry innovation

Co-op Insurance NZ and Provident Insurance Corporation Limited (Provident) today announced the release of an innovative new ‘multi-year’ vehicle insurance product being rolled out through Provident’s national network of registered motor vehicle traders.

Graeme Hawkins to step down from Ports of Auckland Board

Chairman Graeme Hawkins has announced he will step down from the Ports of Auckland Board at the end of July. Mr Hawkins has been a Board member since September 2009 and Chair for the last 18 months.

Microsoft NZ announces new Managing Director

Microsoft today announced the next Managing Director of the New Zealand subsidiary will be Barrie Sheers, who will succeed current MD Paul Muckleston.

Manufacturing sales make a turn in May

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during June 2015, shows total sales in May 2015 decreased 9.13% (year on year export sales decreased by 7.59% with domestic sales decreasing 11.20%) on May 2014.

Clarity needed on Silver Fern Farms shareholder resolution

Silver Fern Farms Chief Executive Dean Hamilton clarified the process for Silver Fern Farms shareholders following the receipt on Thursday of proxies that shareholder Allan Richardson stated represent above 5% of the outstanding shares in the Company.

Silver Fern Farms CEO appointed to deer board

Silver Fern Farms chief executive Dean Hamilton has been appointed to the Deer Industry New Zealand (DINZ) board for a three year term. Mr Hamilton joined the board as a venison processor-appointee on 1 July, replacing Dr Andrew West at the end of Dr West’s three-year term.

Farmers challenged to do more to adapt to climate change

Massey Professor Ralph Sims challenged Federated Farmers National Conference today that New Zealand is not doing enough to mitigate and adapt to climate change.

State of Corporate Social Responsibility report released

On the release of the report - The State of CSR in Australia and New Zealand Annual Review 2015 - Sustainable Business Council Executive Director Penny Nelson said:

Deloitte announces new consulting partner

Deloitte has announced the appointment of Paul Brabin as a new Auckland-based consulting partner effective from 1 July. He joins Deloitte from PwC.

New investment in Yealands 'a win for Marlborough'

Marlborough Lines has agreed to invest $89 million to purchase an 80% shareholding in Yealands Wine Group, the two companies announced today.

ComCom Draft Decision 'delivers disappointingly mixed outcome'

The Commerce Commission latest draft decision on wholesale copper charges this morning has provided a mixed bag of results for users today.

'Mixed news for consumers' in ComCom broadband decision

Spark New Zealand said today it was encouraged the Commerce Commission has taken on board consumer feedback, but disappointed the Commission is still proposing a significant increase in wholesale line charges to access the Chorus copper network.

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