BUSINESS - MSC NewsWire

Kiwi company selected in women-only Australian tech accelerator

A New Zealand start-up company, RIP Global, is among eight companies to be selected for the next women-only Springboard Enterprises Australia (SBE) accelerator programme.

Infratil's NZ Bus wins $14.8 mln Bay of Plenty contracts

Apr 09 - Infratil-owned NZ Bus will displace four other operators after a successful bid for new contracts in Bay of Plenty worth an annual $14.8 million, having lost ground in its mainstay markets of Auckland and Wellington

Icebreaker sold for $288 mln to VF Corp in competitive tender

Apr 09, 2018 - Kiwi merino wool clothing maker Icebreaker Holdings was sold to US apparel giant VF Corp for $288 million in a competitive tender process, Overseas Investment Office documents show Continue here to read the full release | || April 09, 2018 |||

Bapcor wraps up exit from unwanted Hellaby assets with $35M sale of TBS Group

Apr 05, 2018 - ASX-listed autoparts maker Bapcor has exited the last of the leftover Hellaby Holdings assets it didn't want with the sale of industrial asset maintenance firm TBS Group for $35 million, reaping more from the divestments than flagged Continue here to full release | || April 05, 2018 |||

NZ carpet maker Cavalier on growth path after emerging from a tough restructuring

Apr 05, 2018 - New Zealand carpet maker Cavalier Corp is emerging from a “tough” period after an influx of cheaper synthetics forced it to restructure its business to compete. It has now streamlined its operations and with most of the pain now behind it, is stepping up investment in innovation and marketing as it eyes rising consumer demand for natural woollen products.

NZ dollar rises above 73 US cents to 3-week high on signs of relative economic health

Apr 05, 2018 - The New Zealand dollar rose above 73 US cents for the first time in more than a week, and touched a three-week high, as a pickup in consumer confidence, a bigger-than-expected budget surplus and rising property values underlined the relative strength of

OIO signs off on Icebreaker sale to US clothing giant VF Corp

Apr 05, 2018 - Icebreaker Holdings has been sold to US-based VF Corporation for at least $100 million after the Overseas Investment Office approved the deal.

E tū welcomes new Living Wage of $20.55

Apr 04, 2018 - E tū union welcomes today’s announcement of the new Living Wage rate and says there is still more work to do.

Westpac report shows benefits to action on climate change - Manufacturing is the answer

Apr 04, 2018 - Westpac NZ Climate Change Impact Report issued today highlights, among other things, the critical role manufacturing will play in adapting to climate change and reducing carbon emissions while providing sustainable growth. The report also reinforces the risks climate change holds for other sectors that currently play a key role in our economy, such as tourism and agriculture.