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Synlait announces record half year profit

Mar 21, 2018  -  Synlait Milk (NZX: SML; ASX: SM1) has reported a half year net profit after tax (NPAT) of $40.7 million for the six months ending 31 January 2018.  This is compared to $10.6 million for the same period last year (H1 FY17).
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Fonterra announces 2018 interim results

Mar 21, 2018  -  Fonterra Co-operative Group Limited today increased its forecast Farmgate Milk Price for the 2017/18 season to $6.55 per kgMS and announced a full year forecast dividend range of 25 - 35 cents per share with an interim dividend of 10 cents per share.
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Chairman’s statement on behalf of Air New Zealand

Mar 20, 2018  -    Air New Zealand Chairman Tony Carter has today written to the Minister of Finance Hon Grant Robertson to reinforce that the airline will always act independently of the Crown.
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High Court lets Carter Holt drag councils into leaky schools lawsuit

Mar 20, 2018 -  Carter Holt Harvey won its bid to drag local authorities into its protracted leaky schools court case with the Ministry of Education, although the judge excluded buildings captured by a time-bar, and gave the building products maker a hurry-up to lodge
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NZ businesses investing more in R&D and expansion but numbers still low

Mar 20, 2018  -  New Zealand businesses are investing more in their growth and research and development but while the number of businesses carrying out R&D is at a 10-year high only 11 percent of firms are doing it
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NZ Steel's Pacific Steel restructuring hurt margins, says MBIE report on dumping complaint

Mar 20, 2018 - Restructuring at Pacific Steel and weak global demand rather than the behaviour of Chinese rivals squeezed the company's margins, says an officials' report that recommended the government reject its dumping complaints for the second time.
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Digital change expected to lose and create many jobs

Mar 19, 2018  - Digital transformation, including automation and artificial intelligence (AI) is expected to impact many current jobs and the income of many New Zealanders, a high-powered national tech leaders group says.
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WorkSafe appoints new Chief Inspector Extractives

Mar 14, 2018  - WorkSafe has announced the appointment of Paul Hunt as Chief Inspector Extractives in the High Hazards Unit.
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Future of Tax seeking public opinion

Mar 14, 2018  -  BusinessNZ has welcomed the release of the Tax Working Group background paper The Future of Tax.
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Current account deficit widens to $2.0 billion

Mar 14, 2018  - New Zealand's seasonally adjusted current account deficit widened to $2.0 billion in the December 2017 quarter, Stats NZ said today. The $407 million increase in the deficit was mainly driven by New Zealand importing aircraft and other transport equipment, and crude oil.
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E tū: cleaners at meat works muzzled

Mar 13, 2018  -  Cleaning contractor, ISS has gagged the cleaners at Auckland Meat Processors, to stop them speaking out against cuts to a third of the plant’s cleaning staff. AMP is owned by Wilson Hellaby which the cleaners have been told is behind the cuts. Five of the 15-strong cleaning team received letters last week telling them they are now redundant and offering them redeployment options. The cleaners believe the cuts will compromise hygiene standards at the plant and they want to go public. However, they have been told not to speak to media, and they fear for their…
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Kiwi regulator clears Kraft Heinz’s purchase of Cerebos’ food and instant coffee business

Mar 13, 2018  - Kraft Heinz’s A$290m ($228.25m) acquisition of the food and instant coffee business of Cerebos Gregg's has been conditionally approved by the New Zealand competition authority. Cerebos Gregg’s is owned by Suntory Beverage & Food, a food and beverage firm operating throughout Australasia. The Commerce Commission ruled that Kraft Heinz should sell the licenses for the Gregg’s brand of tomato ketchup, steak sauce, barbecue sauce and the F. Whitlock Worcestershire sauce brand over competition concerns. Heinz Wattie’s, a subsidiary of Kraft Heinz, had applied to New Zealand, Australian and Singaporean competition authorities in last November to buy…
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Page 64 of 85

Palace of the Alhambra Spain

Palace of the Alhambra, Spain

By: Charles Nathaniel Worsley (1862-1923)

From the collection of Sir Heaton Rhodes

Oil on canvas - 118cm x 162cm

Valued $12,000 - $18,000

Offers invited over $9,000

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

 

Mount Egmont with Lake

Mount Egmont with Lake 

By: John Philemon Backhouse (1845-1908)

Oil on Sea Shell - 13cm x 14cm

Valued $2,000-$3,000

Offers invited over $1,500

Contact:  Henry Newrick – (+64 ) 27 471 2242

Henry@HeritageArtNZ.com

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

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