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Fonterra chairman visits new $126m UHT milk processing site

Fonterra Chairman John Wilson visited Fonterra’s new $126 million UHT milk processing site at Waitoa on the weekend. The site is in its final stages of testing before commissioning Anchor UHT milk and cream products at the end of this month.

Youth focused relaunch for gay media's express

The new express is the voice of the bars of K’ Road, a flash from a high fashion shoot and the wine glasses from the latest opening, the new express is sharp, smart and witty - and one you won't want to miss!

Continued growth across the economy - NZIER

The New Zealand economy will grow strongly over the next couple of years, according to the latest NZIER Consensus Forecasts. Economic growth will pick up from 2.9% in the March 2014 year to 3.6% the following year.

Services sector 'lost some impetus' in February

While continuing to expand, activity in the services sector lost some impetus during February, according to the BNZ - BusinessNZ Performance of Services Index (PSI).

VMob extends global sales efforts

With the addition of key accounts across Europe including McDonald’s and Exxon, VMob (VML-NZX) is experiencing strong customer growth in the last 12 months and adding top tier talent in Australia and the UK to meet demand.

Consumer confidence continues to rise - survey

The Westpac McDermott Miller Consumer Confidence Index rose to 121.7 in March, up slightly from 120.1 in the December survey. As such the Index was the highest since March 2005, when it was 126.7.

Local authorities show quarterly surplus

Local authorities had an operating surplus in the December 2013 quarter, Statistics New Zealand said today. After adjusting for seasonal effects, income exceeded spending by $56.3 million.

Manufacturing sector continues to expand

New Zealand’s manufacturing sector remains at a consistent level of solid expansion, according to the latest BNZ - BusinessNZ Performance of Manufacturing Index (PMI).

Changes to Dairy Cattle Code of Welfare proposed

The National Animal Welfare Advisory Committee (NAWAC) is seeking public consultation on proposed changes to the Animal Welfare (Dairy Cattle) Code of Welfare 2010. NAWAC is proposing that blunt force trauma may not be used for the routine killing of unwanted dairy calves on the farm.

Little tax comfort for Kiwi expats

By Rebecca Armour, Tax Director and Head of International Executive Services at KPMG Inland Revenue today released its interpretation of what it means to be tax resident.

Stronger dollar softens wool prices

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the stronger NZ dollar compared to last sale on 6th March accounted for most of the weakness in local wool prices. In off shore terms there is little change and in some areas prices lifted.

Nutricia welcomes MPI decision to charge Fonterra

Nutricia welcomes MPI’s decision to charge Fonterra following last year's devastating botulism scare that prompted numerous recalls of our Karicare infant formula product across eight countries.

OCR increase 'too early'

The Reserve Bank of New Zealand’s (RBNZ) decision to increase the OCR by 25 basis points to 2.75% today is too early, and has the potential to further damage the tradable sector; say the New Zealand Manufacturers and Exporters Association (NZMEA).

Food prices fall 1.0 percent in February

Food prices fell 1.0 percent in February 2014, but were up 0.2 percent on a year earlier, Statistics New Zealand said today.

Fonterra accepts MPI charges

Fonterra Limited (Fonterra), a wholly owned subsidiary of Fonterra Co-operative Group Limited, accepts the charges arising from the Ministry for Primary Industries’ (MPI) investigation into events leading up to the precautionary whey protein concentrate (WPC80) recall last year.

MPI files charges against Fonterra

The Ministry for Primary Industries (MPI) filed charging documents on Wednesday 12 March in Wellington District Court against Fonterra Limited, following MPI’s compliance inquiries into last year’s Whey Protein Concentrate incident.

Pharmacybrands invests in home healthcare market

Pharmacybrands announced today that it has invested in Auckland-based community nursing and home healthcare provider, Total Care Health Services.

OCR increase: options for floating rate borrowers

Borrowers need to carefully consider what is best for their home lending for the medium term, says the Professional Advisers Association (PAA).

NZ cloud firm announce content subscription service

The same Kiwi cloud firm that made international news for integrating Microsoft’s Office 365 with Xero’s Practice Manager are hitting headlines again for adding cloud content subscription to their line of small business cloud file apps.

FMA consents to Bridgecorp settlement

The Financial Markets Authority (FMA) has consented to an $18.9 million settlement between the receiver of Bridgecorp, the Bridgecorp directors, and their liability insurers.

Buyers and investors leave market - REINZ

REINZ's latest housing statistics for February showed that sales for properties under $400,000 fell 17.7% compared with February 2013. Some commentators believed that LVR restrictions would force out first home buyers and allow investors to swoop in and buy up bargains.

Settlement reached for Bridgecorp claims

PwC Partner Colin McCloy, Receiver of Bridgecorp Limited (In Receivership and In Liquidation), has announced an $18.9 million settlement with the Bridgecorp directors and their liability insurers.

National guest nights flat

The trend for New Zealand guest nights appears to be flattening at a record high level, Statistics New Zealand said today. Trends for North Island and domestic guest nights are also at high levels, but after more than a year of growth are showing signs of easing.

Solid Energy appoints new CEO

Solid Energy has appointed Australian mining executive, Dan Clifford, as Chief Executive Officer.

Revenue below forecast despite stronger economy

Despite stronger economic growth, government revenue continued to track below forecast in the seven months to 31 January, Finance Minister Bill English says.

SME economy in the linelight

The SME sector can take a bow as a major contributor to New Zealand’s ‘rockstar economy’, according to the latest research data from leading accounting software provider, MYOB.

NZ new car buyers buck world trend

New Zealand’s new car buyers are taking a different route to the rest of the world when it comes to their choice of vehicle, Motor Trade Association (MTA) says.

Emirates starts serving 8th US destination

Emirates has launched its daily, non-stop service between Dubai and Boston, making Boston the airline's eighth US destination and the 142nd on its global network which links key tourism and trading destinations across six continents.

Auckland Airport announces sistership with Mumbai Airport

Auckland Airport has signed a Memorandum of Understanding with Mumbai Airport that will see the two airports form a ‘sister airport’ relationship.

New head office for Hellmann to be built at Auckland Airport

Hellmann Worldwide Logistics is pleased to announce that Auckland Airport Ltd is to design and build it’s new head office, ambient and controlled-temperature warehousing and international air and ocean logistics facility at Auckland Airport.

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