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New Zealand Post sells Localist

New Zealand Post Group has sold its subsidiary company Localist. The business was purchased by a group led by Localist CEO Christine Domecq. New Zealand Post Group CEO Brian Roche said the sale is a good outcome for New Zealand Post and Localist.

Interest rate swaps case - further information being assessed

The Commerce Commission has announced that it is currently assessing new information received concerning the banks involved in the interest rate swaps investigation.

Investment in exports well-placed - BusinessNZ

More focus on key markets will benefit New Zealand’s export prospects, says BusinessNZ. BusinessNZ Chief Executive Phil O’Reilly says additional funding announced today for NZTE’s work in China, South America and the Middle East will help more New Zealand companies export there.

ExportNZ welcomes increased help for exporters

ExportNZ Executive Director Catherine Beard welcomes the Government’s announcement of more assistance for exporters, in particular the increased resources to be based in the China, South America and the Middle East regions.

Tourism industry leaders join TIA board

Three of the tourism industry’s most senior executives are joining the board of the Tourism Industry Association New Zealand (TIA).

Beef + Lamb New Zealand Genetics appointments announced

Beef + Lamb New Zealand has appointed a Chairman and General Manager to run the new entity Beef + Lamb New Zealand Genetics.

Industry welcomes Blocks offer - PEPANZ

Petroleum Exploration and Production Association CEO, David Robinson, today welcomed the announcement of the 2014 Blocks offer. "This year there are a mix of onshore and offshore blocks around New Zealand on offer, including:

Sentence handed down in SFO mortgage fraud prosecution

Ramni Kumar (46) was sentenced in the Auckland District Court today to 12 months' Home Detention and 250 hours of Community Work for the role she played in a $3.9 million mortgage fraud scheme.

Canterbury earthquake insurance pay outs crosses $11b mark

Insurance companies have paid out over $11.1 billion in commercial and residential Canterbury earthquake settlements at the end of February 2014, according to the Insurance Council of New Zealand.

KPMG and Xero form strategic alliance for UK SMBs

Accounting software company Xero Limited (XRO) has announced a strategic alliance with KPMG in the United Kingdom.

BNZ KiwiSaver Scheme appointed a default provider

Just over a year following launch, the BNZ KiwiSaver Scheme has been appointed a KiwiSaver default provider by Ministers Bill English and Craig Foss this morning. BNZ CEO Andrew Thorburn says the default appointment shows that BNZ’s "deliberately different" approach is hitting the mark.

Auckland Airport named Best Airport in Australia Pacific

At the 2014 SKYTRAX World Airport Awards held overnight at the passenger Terminal EXPO in Barcelona, Auckland Airport was named: - Best Airport in Australia Pacific for 6th year in a row - Best Airport Staff Service in Australia Pacific for 3rd year running

Primary products exports flourish in February

Exports of primary products led the rise in total goods exports in February 2014, Statistics New Zealand said today. This includes rises for milk powder, logs, and sheepmeat exports.

Gen-i supports ICBC's New Zealand launch

One of the world’s largest banks, the Industrial and Commercial Bank of China (ICBC), has leveraged Gen-i’s ICT solutions expertise to open their first branch and become the first Chinese bank in New Zealand.

Free template legal documents for NZ tech companies

Technology law firm Simmonds Stewart has launched an online suite of template documents for New Zealand tech companies, to help them with the legal basics.

Investors better informed about low ball offers - FMA

FMA says in a report published today that new regulations are assisting investors to make better informed decisions about unsolicited or low ball offers. The report also acknowledges that companies whose investors have been targeted have contributed to investors being better informed.

Synlait Milk posts $12.1 million half year NPAT

Synlait Milk Chairman Graeme Milne today announced that Synlait Milk has posted a $12.1 million net profit after tax for the first six months to 31 January 2014, an increase of $5.3 million on the $6.8 million for the same period in 2013.

Super prices at supermarkets need explaining - Beaumont

New Zealand’s supermarket duopoly needs to do some serious explaining as to why their fruit and vegetables are so pricey, Labour’s Consumer Rights spokesperson Carol Beaumont says.

Leathers sale leads collaboration

An agreement confirmed today between Silver Fern Farms and Lowe Corporation will see collaboration at a scale which is set to dramatically change the hide, pelt and rendering sector in New Zealand.

Record breaking start to the year for Auckland tourism

Auckland’s tourism industry has experienced its best ever summer month, with record-breaking international visitor arrivals and an unprecedented 93 per cent hotel occupancy rate in February 2014.

BusinessNZ Planning Forecast shows positive indicators

The BusinessNZ Planning Forecast shows the sun still shining on the New Zealand economy.

ASB Bank sets rate on subordinated note offer

ASB Bank Limited ("ASB") today announced the interest rate applicable to its offer of subordinated unsecured debt securities ("ASB Notes") to raise up to NZ$300 million, with the ability to accept oversubscriptions of up to NZ$100 million ("Offer").

Conviction 'provides timely reminder of director duties'

Company directors are far more likely to be in the gun over liability issues under New Zealand’s tougher health and safety regulations.

ASX: Shares gain despite China manufacturing pain

By Michael McCarthy (Chief Market Strategist, CMC Markets)

Auckland Airport supports new tourism growth framework

Auckland Airport has congratulated the New Zealand Tourism Industry Association on the development of a strategic growth framework, and is committed to playing its part to deliver growth for the country.

Tourism 2025 'an aspirational goal'

Growing annual tourism revenues to NZ$41 Billion per annum is the aspirational goal of Tourism 2025 released today by the Tourism Industry Association New Zealand (TIA).

Air New Zealand supports Tourism 2025

Air New Zealand welcomes today’s launch of the tourism industry’s new framework to significantly grow the contribution of tourism to New Zealand’s economy.

Tourism aims to earn $41 billion in 2025

New Zealand’s tourism industry has today unveiled its goal to contribute $41 billion a year to the economy by 2025, up from $24 billion now.

Christchurch Airport supports Tourism 2025

The role Christchurch Airport plays in tourism has been highlighted by today’s release of the Tourism 2025 industry growth framework. The framework released by Tourism Industry Association (TIA) revealed an industry wide goal to contribute $41 billion a year to the economy by 2025.

Valve manufacturer opens base at Portlink

The opening of Cla-Val Pacific’s new 1100m2 manufacturing and warehouse facility at Portlink Industrial Park in Woolston is an encouraging sign for businesses looking to base themselves in eastern Christchurch.

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