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20 Oct 2021

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Menstrual cup maker The Hello Cup hits new $2.4m capital raising target early
Hawke’s Bay menstrual cup maker increases the maximum on its Snowball Effect offer and still closes a day early.

NZ milk prices heading towards a record high, say economists
New Zealand farmgate milk prices are heading toward a record high, if latest Global Dairy Trade auctions are anything to go by.At this morning's auction, prices overall were up by 2.2 per cent.Whole milk powder prices, which have...

Christchurch hospo group suffers Covid collapse, buyers sought for three venues
Ongoing pressures from Covid-19 caused the businesses to become insolvent, liquidator says.

TruScreen Group Limited (NZX: TRU) Clinical Trial Results Highlight Efficacy of TRU Technology
The study concluded that TruScreen has the potential for screening high-grade cervical precancerous lesions and may replace cytological tests as a cervical cancer screening method in China

Inland Revenue to go offline for a week to complete $1.7b technology overhaul
Call centres, online services and offices will be closed to the public from 3pm Thursday.

In Auckland, the rule of law has given way to the rule of Wellington bureaucrats
OPINION: Auckland seems to be increasingly governed by public servants in Wellington, who have little understanding of the nation’s commercial capital.

Dairy prices rise at auction, supporting farmgate milk prices to farmers
The auction result will be positively received by farmers, as it supports the farmgate milk price.

Solid boost for Global Dairy Trade auction overnight
Prices in the latest Global Dairy Trade auction, held overnight, have landed firmly on the side of dairy farmers, with a 2.2 per cent increase across the board. Crucially, Whole Milk Powder - which has the biggest influence on Fonterra's...

'Great resignation' coming to NZ: More people ponder quitting their job
With a smaller talent pool here now more of us are curious about other job opportunities and open to job offers.

Consumer NZ and food suppliers urge MPs to back supermarket reforms
But joint open letter appears to hedge bets on whether they think forced sales of supermarkets required.

Business leader frustrated South Island still waiting for Covid timeframes
South Canterbury business leader Wendy Smith is frustrated the Government has not yet provided information it promised to deliver early this week on how and when the South Island could move forward from level 2 restrictions.

ASB bets Fonterra will pay farmers a record milk price this season
ASB expects Fonterra to pay farmers a record farmgate milk price of $8.75 per kilogram of milk solids this season, at the top of the co-operative's range.

Foodstuffs says supermarket prices fair and competition strong
Out of each dollar spent at the till, Foodstuffs and its store owners take home an after-tax profit of 4 cents, cooperative says.

GST extension for businesses as Inland Revenue shuts down for a week
Businesses will be given an extension to file and pay GST and income tax when Inland Revenue closes for a week.Inland Revenue will close at 3pm tomorrow and reopen the morning of Thursday, October 28so it can complete its multi-million-dollar...

KiwiSaver withdrawals on the rise as lockdowns cause financial hardship
By RNZ Financial hardship brought on by the lockdown is pushing more people try to make withdrawals from their KiwiSaver to cover outstanding debts.Disputes resolution organisation Financial Services Complaints said it had recorded...

Vital Healthcare Property Trust (NZX: VHP) Announces Successful Completion of $115m Placement
NorthWest Healthcare Properties Management Limited, as manager of Vital Healthcare Property Trust, advises that it has successfully completed the $115m placement of new units, which forms part of the $140m capital raising announced on 13 October 2021

When it's not OK to ask employees about their Covid-19 vaccination status
OPINION: A tip to employers, do not ask for a show of hands as to who has been vaccinated against Covid-19 in your staff meeting.

Government considering different settings for unvaccinated in new framework
The New Zealand Government is considering introducing different alert level settings for businesses that choose to allow in unvaccinated patrons under the new vaccine passport, or certificate, currently proposed to be rolled out in November.