15 January 2004 SkyCity Entertainment Group Ltd is conducting due diligence on the MGM Grand Darwin casino in Australia, the only licensed casino in Darwin & largest in the Northern Territory. It has 29 gaming tables, 450 gaming machines, a 107-room hotel, 4 restaurants & 5 bars. It’s owned by MGM Mirage Inc, of Las […]
Read more →Archive - local business
Snapshot on local business, week to 17 November 2002
17 November 2002 Tower Ltd has taken Tower Trust off the market, deciding that incorporating it in its growth strategies “would be the best use of shareholder capital.” Several parties had completed due diligence & submitted bids for the business. Tower Ltd is also reviewing strategic & operational initiatives and intends announcing outcome early in […]
Read more →Snapshot on local business, week to 19 August 2001
Latest: Rates bill in Parliament, passenger numbers rise, submit your rates concerns, new plan for regional transport strategy, transport theme finalists. 16 August 2001 Local Government Minister Sandra Lee started the Local Government (Rating) Bill on its proposed short course through Parliament today, recommending that the local government & environment select committee present its final […]
Read more →Snapshot on local business, week to 4 May 2003
1 May 2003 New Zealand’s trade deficit for the March year was $1.851 billion, a turnaround from the $866 million surplus the previous year, which had ended a run of 6 deficit years. The year started moderately well with 3 positive months, but was followed by 7 deficit months before turning slightly black (to the […]
Read more →Snapshot on local business, week to 12 May 2002
12 May 2002 Savoy Equities Ltd, now a shelf company, was suspended from trading by the Stock Exchange’s market surveillance panel on Wednesday for not issuing its annual report by 30 April. 7 May 2002 Standard & Poor’s has confirmed Auckland City Council’s credit ratings of AA (long term) & A1+ (short term), and could […]
Read more →Snapshot on local business, week to 20 May 2001
Latest: Costs against campaigners, Shu Bar owners look at Deka, Lowe looks at Colyer Mair, Affco profit slides, RetailX deal proposed, interest rates cut, Fletcher Building pro forma accounts, Colonial trust intact in bank rejig, Email man to run Fletcher Building. 20 May 2001 Hamilton anti-casino campaigners, including the mayor, two councillors, and the Anglican […]
Read more →Snapshot on local business, week to 17 March 2002
14 March 2002 Permanent green buslanes will be painted on 14km of Auckland City arterial roads, including Symonds St, Great North Rd, Dominion Rd, Mt Eden Rd & Fanshawe St. 13 March 2002 The food price index fell 0.5% from January to February — fresh vegetables were up 15% in January and specials on Valentine’s […]
Read more →Snapshot on local business, week to 24 August 2003
23 August 2003 Auckland City Council intends spending an extra $1 billion on the upgrade of the Aotea Centre’s convention facilities, taking the upgrade to $6 million. The increase includes $370,000 diverted from The Edge’s budget. The rest of the $1 million is unbudgeted. The proposal by the council’s finance & corporate business committee will […]
Read more →Snapshot on local business, week to 28 July 2002
22 July 2002 Auckland City Council’s finance & corporate business committee will hold a special meeting on Thursday 25 July, from 9.30-11.30am, in the Civic Building to discuss the strategy for selling the council’s stake in Auckland International Airport Ltd.
Read more →Snapshot on local business, week to 1 July 2001
Latest: Friday decision on Woolworths bid, Rubicon completes Challenge sale to Caltex, Norris quits ASB, March quarter gdp holds on zero, convoluted Evergreen notes buyback, Fletcher Forests changes accounting for trees, May trade surplus rises, Statistics NZ compiles new indicators, NZ $87.6 billion in red, current account balance improves, 6 July forum for rapid transit […]
Read more →Snapshot on local business, week to 26 January 2003
25 January 2003 Ports of Auckland Ltd increased container volumes 7% in December over December 2001 & 7% for the December year, full import teu (20ft-equivalent units) volumes 25% for the month & 10% for the year, full export teu volumes 3% for the month & steady for the year, transhipments 15% for both month […]
Read more →Snapshot on local business, week to 27 July 2003
25 July 2003 The Reserve Bank cut the official cash rate by another 25 basis points to 5% on Thursday. For a look at how the rate has changed since it was introduced in March 1999, the Reserve Bank has a table showing all the movements. It started out at 4.5%.
Read more →Snapshot on local business, week to 16 November 2003
16 November 2003 Retail sales in September were 6.7% above the sales level a year earlier, at $4.262 billion, and just $2 million below the level of August 2003, Statistics NZ said. All-store sales figures in 3 of the past 7 months have been above 6% higher than in the same month in 2002. Vehicle […]
Read more →Snapshot on local business, week to 24 November 2002
21 November 2002 Infrastructure Auckland agreed yesterday to pay the full $16.6 million grant sought by Auckland Regional Transport Network Ltd (ARTNL) to upgrade rail amenities throughout the region, and said it would make 10% of the grant available immediately so rapid progress can be made. ARTNL actually wants $35.4 million, but was turned down […]
Read more →Snapshot on local business, week to 26 August 2001
Latest: Capital adequacy and the People’s Bank, Evergreen profit slips 2.1%, ASB raises profit 22%, net migrant inflow, farm expenses rise, capital goods prices rise, 35% of direct investment from Australia, visitor numbers up again, Quigley appointed complaints commissioner. 24 August 2001 ASB Bank proudly announced a capital adequacy ratio of 9.98%, compared to a […]
Read more →Snapshot on local business, week to 11 May 2003
8 May 2003 2003 Auckland City Council and the Auckland Regional Council will hold a presentation on the economic trends & challenges facing businesses in the region on Monday 19 May, 6-8pm in the Auckland town hall reception lounge. Speakers are National Bank senior economist Cameron Bagrie, TelstraClear managing director Rosemary Howard and Tertiary Education […]
Read more →Snapshot on local business, week to 19 May 2002
15 May 2002 Fletcher Building Ltd has decided to cancel its American depositary receipt programme and to delist from the New York Stock Exchange from 14 June because the costs outweigh benefits. US investors can buy Fletcher stock directly through the New Zealand exchange. The company has also set up a facility for holders of […]
Read more →Snapshot on local business, week to 27 May 2001
Latest: Warehouse bank, city stormwater project completed, Auckland City signs for next stage of rail show, bus improvements, emigration margin closes, Caltex seeks Challenge chain, Wells back as Savoy director. 25 May 2001 The Warehouse Group Ltd and WestpacTrust announced they had formed a joint venture, The Warehouse Financial Services Ltd, to provide retail financial […]
Read more →Snapshot on local business, week to 14 April 2002
11 April 2002 Ernst & Young keeps bouncing back as auditor for Property For Industry Ltd. Ernst & Young resigned from the job in April 2000 because it was the longstanding auditor of AMP Henderson Global Investors NZ Ltd, which took over management of PFI. Andersen was appointed to the job, but has now become […]
Read more →Snapshot on local business, week to 31 August 2003
29 August 2003 Among winners in the Westpac Enterprise North Shore business excellence awards announced last night, Hillside Building Supplies won the AC Blackmore service award, Eco Insulation won the Telecom Local Directories emerging business award, and the Spencer on Byron Hotel won the North Shore City Council’s 1st tourism award. 28 August 2003 Auckland […]
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