Business www.guardianonline.co.nz
Ashburton Guardian
Thursday, November 24, 2016
9
Seasonal worker numbers bumped up
Immigration Minister Michael Woodhouse.
Pushpay adds church app to portfolio Pushpay Holdings, the mobile payments app developer, says it will acquire a church app business from Bluebridge Digital for $US3.1 million ($NZ4.4m), continuing an expansion that saw revenue soar 308 per cent in the first half while its net loss widened. Bluebridge is one of the leading providers of church apps in the world and provides churches with “high-quality mobile apps, a scalable platform, intuitive content management system and mobile expertise”. Pushpay will pay cash for the business after raising $A40m ($NZ42m) in a private placement last month, ahead of its secondary listing on the ASX. It cited Giving USA figures showing $US119.3 billion ($NZ168.9b) was given to religious organisations in 2015, which
30, from $US2.9m ($NZ4.1m) a year earlier, the Auckland-domiciled, Redmond, United Statesheadquartered company said in a statement. Its net loss widened to $US11.3m ($NZ16.0 m) from $US2.9m ($NZ4.1 m). Annualised committed monthly revenue rose to $US33.9m ($NZ47.9m) from $US8.9m ($NZ12.6m), while total merchants rose to 5286 from 2102, it said. Puspay is targeting US churches with technology that makes it easy for congregations to make donations using their mobile phones and is also expanding its mobile payment app beyond the faith sector to helping people pay their utility bills such as water and insurance. Pushpay shares dropped Chris Heaslip, co2.7 per cent to $1.80 and founder and CEO of have gained 5.7 per cent Pushpay Holdings. this year. – Scoop
it said amounted to a $US2.2b ($NZ3.1b) revenue opportunity that’s expected to rise to $US3.1b ($NZ4.4b) in 2020. Pushpay’s operating revenue rose to $US12m ($NZ17m) in the six months ended September
Company CODE
a2 Milk Companyy ATM Air NZ AIR ANZ Banking Grr ANZ Argosy Prop ARG Auckland Intl Airpt AIA Chorus CNU Comvita CVT Contact Energyy CEN Ebos Grr EBO F&P Healthcare FPH Fletcher Building FBU Fonterra Share Fund FSF Freightway FRE Freightways Genesis Energyy GNE Goodman Prop TTrr GMT Heartland Bankk HBL Infratil IFT Investore Propertyy IPL Kathmandu Hldgs KMD Kiwi Property Grr KPG Mainfreight MFT Mercury NZ MCY Meridian Energyy MEL Metlifecare MET Metro Perf Glass MPG NZ Refining NZR NZX X NZX Orion Health Grr OHE Port of Tauranga POT Precinct Properties PCT Prop For Industryy PFI Restaurant Brands RBD Ryman Healthcare RYM Scales Corp SCL Sky Network TV SKT Sky Cityy SKC Sparkk SPK Stride Prop & Invv SPG Summerset Gr Hldgs SUM Tegel Gr Holdings TGH Towerr TWR Trade Me Grr TME TrustPowerr TPW V Vecto r VCT Vista Gr Intl VGL Vital ital Hlth Prop TTrr VHP Warehouse Grr WHS Westpac Banking WBC Xero XRO Z Energyy ZEL
Buy price
230 201 2900 103.5 615 375 920 471 1645 813 1059 589 658 200 124.5 147 278 143 180 140.5 2000 300 251.5 556 199 262 100 255 372 120.5 154 509 845 327 443 383 344 183 500 146 73 483 465 310 591 200 292 3240 1862 715
Sell price
231 201.5 2975 105 619.5 380 939 472 1651 815 1064 590 667 202 126 151 280 144 184 145 2009 302 252.5 560 202 266 101 271 374 121 155 510 861 328 460 399 345 184 505 148 74.5 486 470 315 601 201.5 296 3320 1875 725
Last sale
At close of trading on Wednesday, November 23, 2016
Daily Volume move ’000s
231 +14 11m 201 – 2.0m 2963 +43 23.07 105 – 320.0 619.5 +14.5 813.7 378 +11 1.8m 921 +5 11.23 471 +12 1.0m 1651 +1 88.43 815 –51 6.9m 1059 +6 749.5 589 –1 231.4 667 –4 132.3 202 +2 565.1 126 +0.5 555.8 148 –4 1.4m 278 +1 1.2m 144 – 838.8 184 – 84.21 141 –3 1.7m 2005 +36 51.84 300 +2 469.3 252 – 3.1m 556 +2 35.41 199 –1 653.4 265 –2 145.1 101 +1 321.7 260 –5 81.16 372 +2 117.4 120.5 –0.6 582.5 154 –1 250.0 510 +2 97.07 845 –13 631.3 327 – 43.03 460 +17 337.0 399 +18 1.6m 344.5 +8 3.6m 183 – 269.1 502 +7 289.2 146 – 264.9 73.5 –3.5 349.0 486 +1 2.1m 470 –5 83.68 312 – 54.79 600 – 144.9 200 –2 99.99 296 +1 61.77 3313 +58 14.49 1875 –16 40.78 724 –3 394.8
S&P/NZX 50 Index Gross 6980 6910 6840 6770 6700 6630
1
S&P/NZX 50 Index Gross constituents
1
NEW ZEALAND SHARE MARKET
Source: NZX and Standard & Poors
23/1
later confirmed they weren’t high risk. Labour’s associate workplace safety spokeswoman Sue Moroney said the 43 deaths this year showed an “urgent rethink” was needed on workplace safety. “We always said that the agriculture sector should never have been exempted from the regulations. “Agriculture continues to be the sector with the largest number of deaths since the law change in April – with 44 per cent of the total deaths recorded between May and the end of September.” Woodhouse has been contacted for comment. – NZME
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and safety representatives. But businesses deemed high risk need to have safety representatives, regardless of size. Controversially, dairy, sheep and beef farming were not classified as “high risk” industries, despite having had a high number of fatalities in the past five years. That meant farms don’t need to have health and safety representatives. Workplace Relations Minister Michael Woodhouse faced ridicule last year when it emerged worm farming and lavender farming were on a draft list of high risk industries. When categories were
Compiled by
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Labour says sweeping health and safety changes have failed to protect New Zealanders – citing figures that show workplace deaths have not reduced. So far this year 43 people have been killed in workplace accidents. That is the same number for all of 2015. New workplace health and safety rules came into effect on April 4, as a response to the Pike River mine tragedy in 2010, in which 29 men died. It was watered down after objections in the National caucus, and businesses with fewer than 20 workers do not now need health
Guardian Shares & Investments
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H&S changes have failed – Labour
to new applications and reducing the number of places for family members of migrants from 5500 a year to 2000 a year. To enter under the parent category, a person must prove they or the child sponsoring them to
4/11
around 60,000 people annually.” Last month the Government announced it was trimming the number of migrants getting residency. The changes included temporarily closing the parent category
0
initiatives were being developed. “In 2015, MSD placed over 4000 people in the agriculture industry across New Zealand, which includes the horticulture and viticulture industries. HortNZ figures show that this sector employs
come to New Zealand has enough income to support them financially. At the time, Labour leader Andrew Little said the decision to trim numbers was a “flip flop” by National. “It’s certainly a flip flop on their part and they’re doing it under pressure. Ever since the surge in immigration we’ve been saying there is a growing number of issues and it became apparent this year that those issues were getting acute.” NZ First leader Winston Peters has campaigned most strongly for a significant cut to immigration, which has been at record highs. The pressure new arrivals are putting on key infrastructure and housing has seen even the Green Party call for a more “sustainable” policy based on about 1 per cent of population growth. Net migration, as measured by Statistics NZ through arrival and departure cards, was at 69,100 in the year to August, and includes visitors on working holidays and temporary work or study visas who arrive for more than a year as well as the number of New Zealanders who intend staying away for more than a year. – NZME
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A thousand more seasonal workers will be let into New Zealand – after the Government sought assurances that job opportunities for Kiwis would “continue to be maximised”. The current cap of foreigners who can work seasonally in horticulture and viticulture will increase from 9500 to 10,500 for the 2016/17 season. Immigration Minister Michael Woodhouse said the horticulture and viticulture industry had estimated an additional 2500 workers will be needed for the upcoming season. “The increase of 1000 recognised seasonal employer (RSE) workers shows the Government is committed to enabling the industry to continue to grow and maximise export returns, while ensuring jobs aren’t being taken from New Zealanders.” He said the increase was agreed to on the understanding the industry “continues to maximise opportunities for New Zealanders, particularly in regions with relatively high unemployment”. Social Development Minister Anne Tolley said about 500 beneficiaries were taking part in a seasonal work scheme, and further
p S&P/NZX 50 Gross
6,851.45 +35.06 +0.51%
p S&P/NZX 20 index
4,776.04 +22.02 +0.46%
p S&P/NZX All Gross
7,411.25 +32.27 +0.44%
p Rises 55 q Falls 48
WORLD MARKETS
p S&P/ASX 200 index
5,484.4
+71.1
+1.31%
At close of trading on Nov 23, 2016
p Dow Jones Indust.
19,023.9 +67.18 +0.35% At close of trading on Nov 22, 2016
p FTSE 100 index
6,819.7
+41.76
+0.62%
At close of trading on Nov 22, 2016
p Nikkei 225 index
18,162.9 +56.92 +0.31% At close of trading on Nov 22, 2016
METAL PRICES
Source: interest.co.nz
q Gold
1,212.25
London – $US/ounce
–0.75
–0.06%
p Silver London – $US/ounce
16.76
+0.21
+1.27%
p Copper London – $US/tonne
5,618.0
+82.5
+1.49%
NZ DOLLAR
Source: BNZ
Country
As at 4pm Nov 23, 2016
Australia Canada China Euro Fiji Great Britain Japan Samoa South Africa Thailand United States
TT buy
0.9676 0.9688 5.1826 0.6815 1.5548 0.5797 80.38 1.8834 10.129 25.49 0.7219
TT sell
0.9355 0.9334 4.5503 0.6521 1.4182 0.5595 77.02 1.6486 9.7634 24.31 0.6963
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