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Latest Business Headlines

HR health check for business launched

Sunday, 19 February 2017, 10:38 pm | Dough HR

Human resources consultancy, Dough HR, says small and medium-sized businesses need just as much human resources support and assistance as the big guys. Hence, they’ve recently launched a health check service which is already proving popular. More >>

Northland second highest volume growth in NZ

Sunday, 19 February 2017, 12:54 pm | Northland Inc

Visitors streamed into Northland in record numbers in November, with the region recording the second highest volume growth for guest nights in the country and double the national growth rate. More >>

Registrations now open for Hutt STEMM Festival 2017

Saturday, 18 February 2017, 3:22 pm | Hutt City Council

The Hutt STEMM Festival, in its third year, educates, inspires and showcases Lower Hutt’s strengths in science, technology, engineering, mathematics and manufacturing (STEMM). More >>

Kraft Heinz & Unilever: Falling Sterling

Saturday, 18 February 2017, 1:21 pm | ThinkMarkets

The world’s 5th biggest consumer food firm, Kraft Heinz had another attempt today to acquire the world’s 3rd biggest consumer food firm, Unilever. For now, we are safe, Unilever has refused, but this may be nothing but another tactic from their ... More >>

$215,000 – median annual increase in Auckland’s Top 20

Saturday, 18 February 2017, 11:39 am | Barfoot and Thompson

North Shore and coastal areas dominate this list featuring 6 and 12 times, respectively In Auckland’s ‘top 20’ suburbs the median sales price* was up $215,000 (24%) in 2016 from the year before, according to the latest list of real estate ‘hot ... More >>

MARKET CLOSE: NZ shares down

Friday, 17 February 2017, 9:16 pm | BusinessDesk

MARKET CLOSE: NZ shares down, Spark, Sky TV continue losses while Auckland Airport gains on earnings More >>

NZ house price growth to 'slow sharply'

Friday, 17 February 2017, 9:15 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The New Zealand housing market is in for a "pronounced and overdue slowdown", with national house price inflation forecast to fall to around 5 percent a year, says one of the world's top three credit rating agencies, ... More >>

NZ dollar ekes out weekly gain as greenback falls

Friday, 17 February 2017, 9:14 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The New Zealand dollar eked out a 0.2 percent gain against the US dollar over the week, largely on the back of a softer greenback as markets remain jittery about US President Donald Trump's policies. More >>

Lion to pay up to $25.1 million for "runaway train" Panhead

Friday, 17 February 2017, 9:13 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Lion - Beer, Spirits & Wine (NZ), the local unit of Japanese brewer Kirin Holdings, will pay as much as $25.1 million for its newly acquired Panhead Custom Ales craft beer brand, which the local head has described as a "runaway ... More >>

Millennium & Copthorne Hotels posts $40M profit

Friday, 17 February 2017, 9:12 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, the hotel operator and property developer, nearly doubled profit in 2016, while CDL Investments, the residential property developer it controls, lifted net profit 55 percent in the ... More >>

NZ and Aussie trade deals needed as proof EU can do them

Friday, 17 February 2017, 9:10 pm | BusinessDesk

NZ and Aussie trade deals needed as proof EU can do them: Hungarian foreign minister More >>

Labour promises $20M for Gisborne timber processing

Friday, 17 February 2017, 5:29 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The Labour Party is pledging up to $20 million, if elected, to support the region's timber processing sector, possibly by helping fund a prefabricated housing plant. More >>

Normalising ‘massive’ computing an aim of Multicore World

Friday, 17 February 2017, 5:08 pm | Multicore World

The terms Big Data, Internet of Things, Artificial Intelligence, Precision Agriculture, Industry 4.0 and Personalised Medicine are bandied about as if everyone understanding them. More >>

Financial advisers and service providers consultation

Friday, 17 February 2017, 5:03 pm | Chapman Tripp

More detail on the new regime for financial advisers and service providers is now available, with today's publication of the exposure draft of the Financial Services Legislation Amendment Bill and a consultation document by the Ministry of Business, ... More >>

UPDATED: Auckland Airport's reponse to rapid growth

Friday, 17 February 2017, 4:25 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Auckland International Airport broadly met analyst expectations with a 19 percent gain in first-half profit although analysts and investors see some speed wobbles as New Zealand's busiest gateway responds to surging passenger growth. More >>

RBNZ, Treasury talk up global economic risks

Friday, 17 February 2017, 4:16 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The Reserve Bank and the Treasury warned incoming Finance Minister Steven Joyce about the international threats posed to New Zealand's economy, which they both saw as being relatively robust. More >>

Michael Hill lifts 1H profit 3.4%

Friday, 17 February 2017, 3:52 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Michael Hill International, the jewellery chain business founded by its namesake, posted a 3.4 percent increase in first-half profit as it opened more stores. More >>

Robert (Bob) Lupton Awarded TrackSAFE NZ Award

Friday, 17 February 2017, 3:23 pm | Tracksafe Foundation

Rail industry safety expert Robert (Bob) Lupton was today announced as the inaugural winner of the TrackSAFE NZ Safety Leadership Award. More >>

Have your say on financial advice legislation

Friday, 17 February 2017, 3:10 pm | Commission for Financial Capability

A draft bill to improve the regulation of financial advice has been published for consultation. More >>

New 5-star hotel to meet growing demand at Auckland Airport

Friday, 17 February 2017, 3:09 pm | Auckland Airport

Auckland Airport and Tainui Group Holdings have announced an agreement to develop a new 5-star hotel adjacent to Auckland Airport’s international terminal and the existing 4-star Novotel hotel. The new premium 250-room hotel will be operated by ... More >>

New Arts major focuses on top job employability

Friday, 17 February 2017, 3:00 pm | University of Auckland

Communication across our culture, both in personal and professional life, has never been more dynamic and the potential for top careers for well-trained people is huge. The University of Auckland’s Faculty of Arts is meeting the needs of this fast-changing ... More >>

New Zealand's manufacturing activity slips in January

Friday, 17 February 2017, 2:44 pm | BusinessDesk

Feb. 17 (BusinessDesk) - New Zealand's manufacturing activity slipped in January from December and there may be further headwinds to come as the building sector's momentum loses some of its 'oomph'. More >>

Strong 1st qtr earnings gain in NZ for ANZ

Friday, 17 February 2017, 2:38 pm | BusinessDesk

Feb. 17 (BusinessDesk) - ANZ New Zealand, the local unit of Australia & New Zealand Banking Group, boosted first-quarter earnings 18 percent, benefiting from cost-cutting and smaller hedging losses, even as its loan book shrank and it faced skinnier margins. More >>

NZ retail sales rise 0.8% in Dec qtr, auto sector dominates

Friday, 17 February 2017, 2:35 pm | BusinessDesk

Feb. 17 (BusinessDesk) - New Zealand retail sales gained in the fourth quarter, led again by motor vehicle and parts retailing, with eleven of the 15 industries monitored seeing higher sales volumes. More >>

Regional Fuel Tax "off the table"

Friday, 17 February 2017, 2:23 pm | Auckland Business Forum

Regional Fuel Tax "off the table" clears way for new financing options and faster pace of action More >>

New brand identity for law firm Russell McVeagh

Friday, 17 February 2017, 2:12 pm | Principals

AUCKLAND, 17 February 2017: New Zealand's top commercial law firm, Russell McVeagh, has revealed a new identity developed by branding agency Principals. More >>

Ed Sims to leave Airways Corp for international post

Friday, 17 February 2017, 2:10 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Ed Sims, the Airways Corp chief executive responsible for a major step up in the performance of New Zealand's civil aviation services, is leaving in May for a position in an unnamed international organisation. More >>

NZ to protect seafarers’ safety and wellbeing

Friday, 17 February 2017, 2:06 pm | Maritime New Zealand

New Zealand will start enforcing the Maritime Labour Convention (MLC) on 9 March – a move that will protect domestic and international seafarers and improve their safety and wellbeing onboard foreign-flagged and New Zealand ships. More >>

Cavalier reports sharply lower 1H net profit

Friday, 17 February 2017, 2:04 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Cavalier Corp posted a sharply lower first-half profit and the carpet maker and wool scourer continues to forecast no earnings growth for the full year, although it expects improvement further down the track. More >>

Grace period over for new Health and Safety legislation

Friday, 17 February 2017, 2:01 pm | ThunderMaps

Almost one year since the Health and Safety at Work Act (HSWA) came into effect, WorkSafe New Zealand is happy with the improvements many kiwi businesses have made but there is a clear message for those who haven’t acted. More >>

IkeGPS still sees breakeven this year

Friday, 17 February 2017, 1:42 pm | BusinessDesk

Feb. 17 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, maintained its breakeven forecast for 2017 but won't achieve projected sales growth after a weak first half, and expects lumpiness in its revenue to 2018 and beyond. More >>

$5,000 fine for motorhome modification

Friday, 17 February 2017, 1:31 pm | Plumbers Gasfitters and Drainlayers Board

In a judgment released today, a Tauranga man was convicted yesterday and fined $5000 for doing gasfitting work without a licence and has been ordered to pay solicitor’s costs of $226. More >>

International visitor spending steady over year to Dec 2016

Friday, 17 February 2017, 1:26 pm | Ministry of Business Innovation and Employment

International visitor spending grew 4 per cent to $10.1 billion in the year ended December 2016, according to the latest International Visitor Survey released today by the Ministry of Business, Innovation and Employment. More >>

NZ CEOs maintain business confidence as skills diversify

Friday, 17 February 2017, 1:24 pm | PricewaterhouseCoopers

New Zealand CEOs are optimistic about growth and plan to hire more people, but are worried about the skills needed and the rise of new technological risks. More >>

InterCity’s airport buses now offer ‘business class’ experience

Friday, 17 February 2017, 1:23 pm | InterCity Group

Travellers on InterCity’s direct bus service between Hamilton and Auckland Airport can now enjoy a taste of business class on the road. More >>

BNZ - BusinessNZ PMI - January 2017

Friday, 17 February 2017, 1:19 pm | Business NZ

Activity in New Zealand's manufacturing sector saw January experience a dip in expansion, according to the BNZ - BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for January was 51.6 (a PMI reading above 50.0 indicates that manufacturing ... More >>

Rural professionals need to cut through the noise

Friday, 17 February 2017, 1:04 pm | Crowe Horwath

As agricultural debt passes $60 billion set against the backdrop of continued market volatility and regulatory pressure, successfully managing a farming business in New Zealand has never been more challenging according to Crowe Horwath’s Head of Agribusiness ... More >>

NZ to produce largest ever Apple & Pear crop in 2017

Friday, 17 February 2017, 1:04 pm | Pipfruit New Zealand

New Zealand’s buoyant apple and pear industry is set to produce the country’s largest ever crop, on the back of a successful plan for billion-dollar export growth. More >>

Steel & Tube 1H profit down 33% but upbeat about second half

Friday, 17 February 2017, 12:56 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Steel & Tube Holdings, the NZX-listed steel products distributor, reported a 33 percent drop in first-half profit, hurt by a decline in non-residential construction, but expects things to pick up in the second half. More >>

Agrigate – the New Word in Farm Performance Management

Friday, 17 February 2017, 12:53 pm | Fonterra

Waikato dairy farmer Bill Aubrey believes Agrigate, the new online tool that is being launched today, will be revolutionary in helping farmers improve their farm performance. More >>

Car sales continue to rev up retail

Friday, 17 February 2017, 12:48 pm | Statistics New Zealand

Car sales continued to push the volume of total retail trade sales up, with sales rising 1.9 percent in the December 2016 quarter, Statistics NZ said today. More >>

Auckland Airport lifts first-half profit by 19%

Friday, 17 February 2017, 12:44 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Auckland International Airport posted a 19 percent gain in first-half profit, a period when New Zealand's busiest gateway added airlines with increased capacity and new services and routes, and the country enjoyed record ... More >>

Airways Chair Judy Kirk announces resignation of CEO Ed Sims

Friday, 17 February 2017, 12:32 pm | Airways New Zealand

Airways New Zealand Chair Judy Kirk has today confirmed the resignation of Chief Executive Ed Sims after six years leading the state-owned enterprise. More >>

Partners Life Joins the FSC

Friday, 17 February 2017, 12:28 pm | Financial Services Council

The Financial Services Council announced today that Partners Life has joined the association, bringing the total number of members to 15 members and 14 Associate members. Financial Services Council Chief Executive Richard Klipin said, “We are ... More >>

AFT Pharmaceuticals expects sales to hit analyst forecast

Friday, 17 February 2017, 12:26 pm | BusinessDesk

Feb. 17 (BusinessDesk) - AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, expects annual sales to meet analysts' forecasts of about $70 million and has adjusted its loan covenant with shareholder Capital Royalty Group. More >>

Abano recommends investors reject increased Healthcare offer

Friday, 17 February 2017, 12:24 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Abano Healthcare recommended investors continue to reject a partial takeover bid for the medical investor after Healthcare Partners raised its offer price yesterday. Abano also refused to allow access to its books to pave ... More >>

Term deposits – saving with the safety wheels on

Friday, 17 February 2017, 12:16 pm | Canstar

Whether it’s saving for a new car, school fees, new home, or supplementing income in retirement, saving is a necessity for many of us. With the money just about spent before we’ve managed to save it, how do you minimise risk and maximise returns? ... More >>

ANZ New Zealand Disclosure Statement

Friday, 17 February 2017, 11:58 am | ANZ Bank

Australia and New Zealand Banking Group Limited (ANZ) NZ Branch Disclosure Statement for the three months ended 31 December 2016 was released today, showing unaudited statutory profit of NZ$403 million for ANZ New Zealand [1] , an increase from NZ$347 ... More >>

Albacore tuna gets second sustainability tick

Friday, 17 February 2017, 11:48 am | Seafood New Zealand

New Zealand¹s albacore tuna troll fishery has been re-certified by the Marine Stewardship Council (MSC) as being sustainably managed. The certification is valid for a period of 5 years and requires annual audits to ensure the fishery maintains its high level ... More >>

Abano Advises Shareholders to Reject Varied Takeover Offer

Friday, 17 February 2017, 11:46 am | Abano Healthcare Group Limited

The Board of Abano Healthcare Group Limited (NZX: ABA) has advised shareholders to reject the revised partial takeover offer price from Healthcare Partners Holdings Limited, which was yesterday increased by 16 cents per share (an increase of 1.6%). More >>

First Fair Insurance Code data released

Friday, 17 February 2017, 11:36 am | Insurance Council of New Zealand

The Insurance Council of New Zealand released today its first Fair Insurance Code annual report of the number of claims received, the number of complaints made to internal and external dispute resolution schemes, along with the number of significant ... More >>

NZ dollar may rise as markets await new Trump policies

Friday, 17 February 2017, 11:23 am | BusinessDesk

Feb. 17 (BusinessDesk) - The New Zealand dollar was little changed and may test new multi-month highs against the greenback as optimism about US President Donald Trump's economic policies starts to wane. More >>

Orion starts recovery process

Friday, 17 February 2017, 11:20 am | Orion New Zealand Limited

Orion reports that its network has suffered no further impacts from the Port Hills fire overnight and it is moving into recovery mode today. More >>

FY17 interim results: Investing in new infrastructure

Friday, 17 February 2017, 11:19 am | Auckland Airport

Auckland Airport has today announced its financial results for the six months to 31 December 2016. More >>

Consistency central to Kiwi travel habits in 2016

Friday, 17 February 2017, 11:02 am | Hotels.com

AUCKLAND, 17 February 2017: The latest Hotel Price Index™ (HPI™) from Hotels.com ™ has revealed Kiwi travellers chose the well-trodden path for holidays in 2016, with destinations across Australia dominating the top ten list of most popular international ... More >>

Hāpai Te Hauora commends Endorphina Ltd

Friday, 17 February 2017, 10:42 am | Hapai Te Hauora

Today we congratulate software developer Endorphina Ltd for doing the right thing and responding to the voice of Māori by removing a product which was offensive to our people. More >>

HiFX Morning Update, February 17, 2017

Friday, 17 February 2017, 10:37 am | HiFX

The NZD had a quiet night trading only a 37 point (0.5%) range against the USD, about half what we would normally expect. The Kiwi opens fractionally higher against the USD & AUD, steady with GBP and CAD, but was outperformed by the EUR and Yen ... More >>

TTR retreads rejected argument in 2nd bid to mine iron sands

Friday, 17 February 2017, 10:09 am | BusinessDesk

Feb. 17 (BusinessDesk) - Fisheries groups have teamed up to oppose Trans Tasman Resources' second bid to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone, and were joined by Origin Energy Resources Kupe NZ - on behalf of the Kupe ... More >>

While you were sleeping: Wall St eases

Friday, 17 February 2017, 9:31 am | BusinessDesk

Feb. 17 (BusinessDesk) - Wall Street slipped, retreating after earlier touching fresh record highs, as investors reassessed valuations while waiting for details of US President Donald Trump’s “phenomenal” tax plans. More >>

While you were sleeping: Wall St eases

Friday, 17 February 2017, 7:28 am | BusinessDesk

Feb. 17 (BusinessDesk) - Wall Street slipped, retreating after earlier touching fresh record highs, as investors reassessed valuations while waiting for details of US President Donald Trump’s “phenomenal” tax plans. More >>

 

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