BUSINESS - MSC NewsWire

Government and unions right the wrong for people working in mental health and addiction support

Council of Trade Unions President Richard Wagstaff today congratulated the Government, the Public Service Association and E tū - and also providers - on a deal that rightly puts mental health and addiction support workers back into the pay equity settlement they were left out of last year.

Source CTU

Bank conduct and culture review - on site visits. Life insurance companies provide their submissions

The joint Financial Markets Authority and Reserve Bank review of conduct and culture in the New Zealand banking sector is progressing rapidly.

Source RBNZ

Steel & Tube agrees to $21.1M sale-and-leaseback on Christchurch's Blenheim Rd

Steel & Tube Holdings said it agreed to a $21.1 million sale-and-leaseback deal of its Blenheim Road property in Christchurch, a key distribution hub for the company, as part of its restructuring efforts to raise working capital and pay down debt

Source/ReadMore Sharechat

Fletcher Building refreshes board chair, directors after announcing new strategy

Fletcher Building's outgoing chair Ralph Norris announced the board's audit and risk committee chair Bruce Hassall will succeed him when he steps down from the troubled building company in September . . .

Source/ReadMore Sharechat

Fifty jobs on the line as ManaBus and Nakedbus end services

Fifty jobs are on the line after budget coach services ManaBus and Naked Bus confirmed that they will cease operations in July . . .

Source/ReadMore NZRT

Refreshed app helps explore career opportunities

The Ministry of Business, Innovation and Employment (MBIE) has refreshed the Occupation Outlook app and web tool.

Source MBIE

Fletcher's 2018 results to include one-time charges of $85M-$95M for restructuring, impairments of Rocla, Roof Tiles

Fletcher Building chief executive Ross Taylor said the company expects to take restructuring charges of $85 million to $95 million in its 2018 results as it moves to a decentralised operating model with more divisions and will also write down the value of its Rocla and Roof Tile businesses.

Source/ReadMore Sharechat

Fonterra satisfied with Beingmate's response to labelling error

Fonterra Cooperative Group is satisfied Beingmate Baby & Child Food is taking the right steps to deal with a labelling issue after getting caught out in a widespread audit by Chinese regulatory authorities

Source/ReadMore Sharechat

Meet the new head of Countdown: Natalie Davis

Natalie Davis has been appointed as the new Managing Director of Woolworths New Zealand (including Countdown Supermarkets), replacing Dave Chambers who leaves the business at the end of June.

Source/ReadMore Fresh Plaza

Synlait confirms commissioning date of new Pokeno site

Synlait (NZX: SML; ASX: SM1) has confirmed its new nutritional manufacturing site in Pokeno, Waikato, will be commissioned for the 2019 / 2020 season.

Source A Synlait release

Comvita buys 20% stake in Uruguay's Apiter for US$6.25M to secure propolis supplies

Comvita said it has acquired 20 percent of Uruguay's Apiter for US$6.25 million and signed a long-term supply agreement to secure another source of propolis for sales into Asia.