Kordia buys Wellington-based hosting company iServe

iSERVE

Wellington-based hosting solutions company iSERVE has been bought by State owned internet service provider Orcon.

New Zealand's second largest specialty hosting business iSERVE and more advanced hosting services would be controlled by Orcon. 

Orcon CEO Scott Bartlett said in a statement, “We have a strong presence in the internet environment but we want to go beyond just broadband and hosting is one area where we believe we can add zing.”

Pak 'n Save Supermarket opens after 20 years of legal battle

Pakistan Supermarket

After nearly 20 years of fighting a legal battle, Supermarket Pak 'n Save finally opened its doors in North Shore City.  

The Wairau Rd land was bought in the year 1989 and ever since the company has been waiting to open a store.

In October 2004, it received resource consent, and the building was completed in 2005.
 
However a challenge was made by rival chain Progressive Enterprises to Foodstuffs' resource consent and the result was a prolonged court battle.

Jasons Travel Media reports lower profit

Jasons Travel Media

Jasons Travel Media has informed that its annual profit in the year to March 31 will be lesser than projected.

Federated Farmers want the committee to Scrap the ETS

Federated Farmers

A parliamentary committee has been told by Federated Farmers that since the emissions trading scheme (ETS) would create economic disaster, it should be scrapped. 

The previous government had designed the ETS and passed before the election.

However, it has been put on hold by the new government, which is reviewing it through a special committee of selected members. 

Unemployment to rise in New Zealand

Unemployment

Recent reports by most of economists have predicted that New Zealand’s unemployment would increase pat 5% this week; and thus the struggling businesses would be affected by the loosening labor market. 

Presently, the rate of unemployment taken from the December quarter is 4.7% and it has been forecasted by economists that number would be as high as 5.3% when the March quarter results come out on Thursday.

Fulton Hogan expands Australian operations

Fulton Hogan

Fulton Hogan, South Island-based road maker is expanding its Australian operations, buying half of Melbourne-based Pioneer Road Services.

The turnover from Fulton Hogan's Australian businesses would be enhanced by more than 25% via the purchase and make its operations on both sides of the Tasman at similar size.

It was expressed by Chief executive Dave Faulkner that the turnover in Australia would rise to nearly $1 billion via this move which will also enhance the number of towns and cities covered by the company.

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