BUSINESS - MSC NewsWire

The new president of Ford Australia is a Kiwi

New Zealander Kay Hart has been announced as the new President and CEO of Ford Australia and New Zealand effective immediately reports Richard Bosselman for Stuff motoring.

Source/ReadMore Stuff

AIA Completes acquistion of Sovereign Assurance Company Limited ("Sovereign")

Combined business paves way for AIA to achieve its vision to make New Zealand one of the healthiest and most protected nations in the world.

Source A AIA release

Synlait extends supply agreement with the A2 Milk Company

Synlait (NZX: SML; ASX: SM1) and The a2 Milk Company™ (NZX: ATM; ASX: A2M) have today announced a significant extension to their long-term infant formula supply agreement.

Source A Synlait release

Campaign on council funding welcomed

A better system for funding local government is essential for our economic future, says BusinessNZ.

Mercer refinances BNZ loan through to Sep 2019 after warning of covenant breach; shares fall

Food processing and stainless steel equipment manufacturing company Mercer Group has refinanced a Bank of New Zealand loan through until September next year.

Source/ReadMore Sharechat

Closing the gender pay gap in the state sector boosted by new Principles

Ensuring that employment practices are free from gender bias, that pay rates are transparent and that the role of unpaid work is finally recognised, are among new Principles launched today to help workers and employers eliminate the gender pay gap in the state sector.

Source CTU

NZ Super Fund takes 27 percent stake in NZ Gourmet

The NZ Super Fund has invested in international fresh fruit and vegetable grower and marketer NZ Gourmet (www.nzgourmet.net), taking a 27% stake in the company for an undisclosed price.

Source http://www.freshplaza.com/article/197490/NZ-Super-Fund-takes-27-percent-stake-in-NZ-Gourmet

Steel & Tube gains waiver from lenders after writedowns led to covenant breach

Steel & Tube Holdings said it has obtained a waiver from its banks after writedowns and impairments put it in breach of at least one lending covenant

Source/ReadMore Sharechat

Big cheeses from UK and US cleared to buy farms in NZ

Two titans of niche agricultural markets in America and England are investing in New Zealand after getting approval from the Overseas Investment …

Source/ReadMore Stuff

Beingmate Baby & Child Food appoint new general manager

Fonterra welcomes the appointment of Bao Xiufei (Bob) to the role of General Manager of Beingmate Baby & Child Food Co Ltd. The move was announced yesterday and follows a comprehensive search.

Source Fonterra Release

New book an insight into NZ businesses

BusinessNZ is welcoming a new reference book that offers an insight into the New Zealand business scene.

Source A BusinesNZ release

E tū: thousands to benefit from 1 July Families Package

E tū says thousands of its members are expected to benefit from the Government’s Families Package, which cames into effect 1 july. The package includes: widening eligibility for key benefits including Working for Families which will increase for many wider access to the Accommodation supplement and an increase for eligible people in expensive locations such as Auckland and Hamilton a Winter Fuel benefit A lift in the Family Tax Credit and an increase in the abatement threshold. Best Start payments for families with a new baby. The implementation of the package also coincides with the extension of Paid Parental Leave…