SkyCity has caused a controversy by aiming to build a five-star hotel in the middle of Auckland. The hotel is projected to earn $20 million in additional revenues from visitors to the controversial New Zealand International Convention Centre.
However not everyone is on board with SkyCity. The Green Party has called for the New Zealand International Convention Centre (NZICC) deal to be re-evaluated. Green Party co-leader Metiria Turei said, “On one hand SkyCity put their hand out begging for more money from the public, and on the other they are also millions and millions of dollars better off than the public knew about.”
But Economic Development Minister Steven Joyce said yesterday any benefits to SkyCity from the new hotel would be properly weighed and accounted for after preliminary design plans were submitted.
SkyCity has given a total cost for the 300 room hotel at $130 million.
A local heat pump specialist has pumped out another big award. Goldstar heat pumps, installers of heat pumps in Auckland, Hamilton and Tauranga was previously named Waikato’s number one Fujitsu dealer. And now they’ve accepted an even bigger title: number one Fujitsu dealer in New Zealand.
This is no small feat for the expanding company. Fujitsu is New Zealand’s favourite air afterall. So this means Goldstar Heat Pumps is the biggest dealer of New Zealand’s favourite air – not a small feat.
What’s next for Goldstar you may be wondering? If they follow this trend then probably world domination.
In 1988 Marty O’Halloran was banished to the place where careers go to rest – Auckland. As he packed up his belongings from DDB in Sydney, his admen colleagues showed sympathy. Auckland afterall, was considered to be the place where careers died.
Although O’Halloran doubted the move, his employers insisted that running their client McDonald’s would help with career. A quarter century later and they couldn’t be more right.
He became chief executive of DDB New Zealand in 2001. In 2005, he took over as regional group chief executive based in Sydney, overseeing DDB agencies in that city, Melbourne and Auckland.
O’Halloran told the NZ Herald successful changes were made to the DDB New Zealand agency from 2001, which involved building a full-service operation that met the different needs of clients, such as public relations and media buying.
It seems us Kiwi’s aren’t quite the outdoorsy kind we used to be. Outdoor products company Fishing Camping Outdoors, or FCO, is closing it’s doors for good. It’s the second outdoor products firm to leave our land in recent times, after Mountain Designs shut its New Zealand business in August.
By June, every FCO will have closed shop. All thirteen FCO stores were based in the North Island. Group managing director Peter Birtle believes Australia stands a better chance at sustaining the chain. He told Stuff.co.nz,
“Our initial approach of developing a business specifically for the New Zealand market has proven to be flawed and FCO has always battled to get the attention it required while we have been addressing challenges in our BCF (boating, camping, fishing) and Ray’s Outdoors businesses [in Australia].”
In total the chain is accepting it’s loss of $19.8 million.
Business whizz and foodie Theresa Gattung has managed to combine her two passions into one delicacy of a business. And it’s all mixed together perfectly to form one very successful business. Gattung chairs My Food Bag, a business dedicated to delivering ingredients and recipes approved by Nadia Lim.
Gattung puts every moment of her time to good use. When she’s not heading the succesful business witha turnover of $30 million, she’s an award winning philanthropist. Last year the company tapped into the Australian market and plans to continue doing so in the foreseeable future.
Pumpkin Patch appears to be facing even worse conditions as the end of the financial year approaches, The Auckland based childrenswear retailer has warned shareholders to brace themselves.
According to NZ Herald, Shares of Pumpkin Patch dropped 12 per cent to a more than two decade-low of 30 cents, and have tumbled 62 per cent this year.
“The outcome of this trading period will materially affect our financial result and the outlook for the remainder of the year,” Schuyt said in speech notes published on the NZX. “Should trading not deliver to expectations over this period, or worsen over the first half of next year, then there is a risk that the company may breach banking covenants in the latter part of this financial year noting that the seasonal trading results will become clearer over the next three to four weeks.
Under the new covenants Pumpkin Patch has to meet a guaranteeing group coverage ratio, and remain within 20 per cent of forecast earnings before interest, tax, depreciation and amortisation on a rolling 12-month basis. The retailer also told the bank it doesn’t intend on paying a dividend in the 2015 financial year, and will have to get the lender’s permission if that position changes.
A local heat pump installer has won an impressive title; distributors of New Zealand’s favourite air! Goldstar Heat Pumps have been deemed the #1 Fujitsu Heat Pump Dealer in Hamilton!
But Goldstar Heat pumps don’t only deliver to Hamilton. They also install heat pumps in Auckland and Tauranga.
Goldstar Heat Pumps also offer Mitsubishi heat pumps. When small and medium sized businesses offer products from recognised brands, it improves their own brand’s standing.
Till the end of October, a heat pump installer is trying a new kind of offering. Instead of giving a generic special which customers can either accept or decline, customers can now choose between two specials.
Customers looking for heat pumps in Hamilton can choose between paying nothing for 9 months or paying no interest for 12 months.
This special is only available for those in Auckland, Waikato, and Tauranga. Those in Auckland may want to pay special attention to this offering.
With the Auckland council planning to ban open fireplaces and wood burners, it may be time to consider getting a more health conscious and easily maintained heat pump.
According to the NZ Herald, A new wood burner and flue can cost about $3500, heat pumps cost about $2000 for a small room, a 2000 watt heater costs less than $100 and four cubic meters of firewood costs around $400. So heat pumps appear to be one of the most economic and effective ways to heat your home!