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Consolidation in the wine-making industry is continuing with Delegat’s Group paying $8.5 million for the vineyard and winery assets of Matariki Wines and Stony Bay Wines, which are in receivership. The deal allows the listed owner of the Oyster Bay wine brand to increase its vineyard holdings in Hawke’s Bay by 61 hectares to 500 hectares. “The acquisition of this …

Vehicle inspectors Jevic New Zealand has upped its offer for all the shares of Vehicle Inspection New Zealand (VINZ) to a level that has won approval of directors who can’t see a competing offer eventuating. Jevic has increased its offer to $2.15 a share from the $1.65 a share, valuing VINZ at $5.4 million. The new offer is being unanimously …

While other countries like Japan manage their currencies lower, New Zealand Prime Minister John Key says there are benefits to a strong exchange rate, even as it creates headaches for exporters. In his state of the nation address in Auckland, Key said prices for primary exports are holding up and the country’s terms of trade remain high. That is helping …

One of the chief architects of Fonterra’s successfully launched listed units, chief financial officer Jonathan Mason, is to leave the co-operative. The softly spoken former senior executive for the American wood products giant International Paper first came to New Zealand from 2000 to 2005 to be cfo at Carter Holt Harvey, which IP owned at the time, before returning to …

The government will intervene to free up land for housing unless local governments, especially Auckland, plan to do so themselves, Prime Minister John Key said today in his state of the nation speech in Auckland. “We want to work co-operatively with local councils and I believe our goals in the end are the same,” said Key. “In particular we are …

By Pam Graham Multi-millionaire philanthropist Sir Owen Glenn was given the opportunity to bid for The New Zealand Herald last year but decided not to proceed. “I was approached at the beginning of last year and I did look at it as an investment but the numbers didn’t stack up,” Glenn told BusinessDesk. The former owner of OTS Logistics, who …

ANZ’s Morning Brief  highlights a PR assault is now required to reassure NZ’s trading partners that the chemical DCD poses no health risks. narrative essay “Dairy accounts for around one third of NZ’s exports,” says the ANZ brief. “It is somewhat alarming, therefore, that traces of dicyandiamide, or DCD, have been found in NZ milk and milk powder, as a …

Thursday in Shanghai provided a highlight of the trip with a trip to Pudong to see Leon Mickleson at Brew – but first an early morning start at NZ Central. A breakfast at Kea that Fran was speaking at was the first stop for the morning. Like in Beijing, the theme was xenophobia and investment in New Zealand with a …

A visiting competition expert says regulating petrol prices doesn’t work, and that international attention is now turning to the role refineries play in the industry. Justus Haucap, who holds the chair of competition theory and policy at the University of Dusseldorf, told a seminar in Wellington of an economic laboratory experiment he was involved with to shed light on the …

Major electricity users and most electricity companies are gearing up to challenge a radical new Electricity Plan changing the way they pay for access to the national grid. resume writing service Papers published on the EA’s website show a combination of confusion and opposition to the proposals, which the industry regulator unveiled in October, cutting through more than a decade …