BUSINESS - MSC NewsWire

Massey University disgraces free speech tradition

In blocking former Leader of the Opposition and Reserve Bank Governor Don Brash from speaking on campus tomorrow, Massey University disgraces an important tradition of free speech on university campuses and a fundamental tenet of a liberal democracy.

Source A Free Speech Coalition release

Steel & Tube to sell $80.9M of shares to repay debt and restructure business

Steel & Tube Holdings, the steel supplier whose shares have lost almost a third of their value this year, plans to raise about $80.9 million to repay debt and strengthen its balance sheet as it restructures its business under new management . . . . .

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Ardern’s plan to boost business confidence

The Government has formally launched its Trade for All agenda, with Jacinda Ardern saying the public’s confidence in trade must be rebuilt. Just another working group, or a savvy play to win back business confidence? Sam Sachdeva reports for Newsroom.

Source/ReadMore A Newsroom release by Sam Sadcheva

Class action for building owners against Carter Holt Harvey

A multi-million dollar funded class action by building owners against Carter Holt Harvey has been filed at the Auckland High Court today (Monday 6 th August) by Adina Thorn Lawyers.

Source A Adina Thorn release

Anew diagnostic study of New Zealand’s entire plastic packaging system underway

Ten leading businesses are backing a new diagnostic study of New Zealand’s entire plastic packaging system. The work will identify key challenges and interventions for the adoption of a circular economy approach to plastics.

Source A Sustainable Business Network Release

TruRating and Datacap Announce New Partnership at RetailNOW

TruRating, who are live in New Zealand, are customer experience experts specializing in point-of-sale customer feedback solutions, and Datacap Systems, the leading integrated payments middleware provider, announced today that TruRating will be launched on Datacap’s point-of-sale platform in Q3 2018.

Source A PRWeb release

Hawke's Bay Export Award winners

A pair of family-run Hawke's Bay businesses will be bidding for international attention following big wins at the annual ExportNZ Hawke's Bay ASB Exporter of the Year awards.Woodcut Tools and Rocket-it-Board

Source/ReadMore A Hawkes Bay Today release

Trump Tariffs Lead To Aluminium Can Shortages For Canadian Microbreweries

The war of tariffs kicked off by the Trump administration’s imposition of aluminium and steel duties earlier this year has put the squeeze on Canadian microbreweries, leading some to cut production for lack of aluminium beer cans.

Source A AluminiamInsider release

Methven shares lift 5% on China deal for shower, tapware

Tapware designer Methven's shares lifted 5 percent after news it has inked a deal with China's Jiangsu RuiZhiShang Building Materials Company to use its shower technology in a series of key projects over the next decade

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New joint research project welcomed

Murray Sherwin, Chair of the New Zealand Productivity Commission, welcomes a new project with the Australian Productivity Commission into Growing the digital economy and maximising opportunities for small and medium sized enterprises (SMEs).

Source NZ Productivity Commission

Wrightson to sell seeds unit for $439M to Danish co-op; may distribute cash

PGG Wrightson has agreed to sell its seed and grain business to Danish cooperative DLF Seeds for $421 million in cash and $18 of debt repayment, and signalled it may return up to $292 million to its shareholders . . . . .

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Water treatment plant takes contractors' top award

A major upgrade to Auckland’s main water treatment plant in Mangere took top honours at the Civil Contractors New Zealand’s (CCNZ) national awards in Hamilton last night. Other awards went to projects across the country, ranging from the Chatham Islands to the banks of the Waikato River.