Auckland

Compass Communications makes big promises

Compass Communications

A promotion of recently launched mobile service by the Compass Communications claims that on their annual mobile costs business and personal customers will be able to save at least 20 to 30%.

Compass Communications, which leases capacity on Vodafone's mobile network, said that its competitive pricing plan was targeted at attracting customers away from existing networks.

In the mobile market Compass' push comes at a time of quick change.

$45.5 million fetched by NZ Post properties

$45.5 million fetched by NZ Post properties

A total amount of $45.5 million was achieved by New Zealand Post’s seven property sell down; however the company has not revealed the identity of the purchaser.

As of now, New Zealand Post media communications manager Keith FitzPatrick would not reveal the prices of each individual property, except the $45.5 million total of all seven sales.

Furthermore, till the time, the deal, handled by Colliers International, settles by the end of June, the identity of the purchaser will not be disclosed.

NZ businesses to be sold by Shell

NZ businesses to be sold by Shell

Recently, the downstream businesses in New Zealand were reviewed by Oil giant Shell including its 230 petrol stations following which it has appointed UBS to find a buyer.

It was a confirmed by a spokeswoman for Shell that the company would be selling everything, however will keep its extensive oil and gas exploration assets in New Zealand, mostly in Taranaki, and a 36 per cent stake in Construction Company Fulton and Hogan.

Restructuring confirmed by Auckland port

Restructuring confirmed by Auckland port

It has been informed by Ports of Auckland that since its container wharves are undergoing an enormous restructuring, 28 professionals would lose their jobs.

Mrs. Whyte becomes the first Blue Chip investor to take the stand

Mrs. Whyte becomes the first Blue Chip investor to take the stand

In a representative hearing, which will decide the fate of investors in three apartment buildings, saw retired Aucklander Peggy Whyte becoming the first Blue Chip investor to take the stand.

It should be noted that of 34 inventors who have targeted three property development companies Greenstone Barclay Trustees, Turn and Wave and Icon Central in a court case that is likely to last six weeks, Mrs. Whyte is also one of them.

March witnesses 11% decrease in NZ guest nights

March witnesses 11% decrease in NZ guest nights

Statistics for accommodation have witnessed a drop by 11% for the month of March, mostly affected by the late arrival of Easter this year.

For accommodation providers the depressed headline numbers from Statistics New Zealand are more bad news, but are unsurprising.

The statistics were low universally across the country and led by a 24 % decrease in paid guest nights in camping grounds for each accommodation type, typically strong performers during the Easter break.

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