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Latest Business Headlines

Locals shine in Checker of the Year competition

Wednesday, 27 July 2016, 12:23 pm | Foodstuffs Limited

Last night, more than 120 checkout operators from Waikato New World and PAK’nSAVE stores tested their skills against each other onstage at the Clarence St Theatre with the hope of ultimately taking out the title of Foodstuffs North Island Checker ... More >>

Allied Farmers shares jump 16% on earnings upgrade

Wednesday, 27 July 2016, 12:22 pm | BusinessDesk

July 27 (BusinessDesk) - Allied Farmers shares jumped 16 percent after the rural services firm gave a rosier view on annual earnings due to a better than expected performance from its livestock division. More >>

Retail NZ Welcomes the Arrival of David Jones

Wednesday, 27 July 2016, 12:07 pm | Retail NZ

Retail NZ Welcomes the Arrival of David Jones Retail NZ says that the opening of David Jones in Wellington is good news for shoppers and retailers alike. “The fact that David Jones has chosen Wellington for the site of its first international store ... More >>

Introducing Box Blocks - A new way to write on walls…

Wednesday, 27 July 2016, 12:03 pm | BoxBlocks

Kiwi’s love our homes and we love interior design. We love to watch it on TV, read about it in magazines and newspapers and buy it from the proliferation of Art and Interior Craft Markets spreading across the country. But we also love to be in touch ... More >>

Colliers International excels at REINZ awards

Wednesday, 27 July 2016, 11:49 am | Colliers International

Colliers International won all three categories it entered in the Real Estate Institute of New Zealand (REINZ) Awards for Excellence last night. More >>

Nuance Brings Speech Recognition Software to NZ Lawyers

Wednesday, 27 July 2016, 11:47 am | Nuance Communications

Nuance Brings Speech Recognition Software to New Zealand Lawyers and Law Firms with New Dragon Legal New Zealand More >>

Ryman flags new $200 mln village for Auckland's Hobsonville

Wednesday, 27 July 2016, 11:47 am | BusinessDesk

July 27 (BusinessDesk) - Ryman Healthcare, the country's biggest retirement village operator, has bought a 4 hectare site in Auckland's Hobsonville for a $200 million development, marking its 10th village in New Zealand's largest city. More >>

Bridgestone takes out Most Trusted Tyre Brand award

Wednesday, 27 July 2016, 11:43 am | Bridgestone

Bridgestone continues to uphold its reputation as the most reliable tyre brand on the market, again receiving awards as part of the annual Reader’s Digest Most Trusted Brands survey. More >>

Vodafone’s new Christchurch home achieves Green Star rating

Wednesday, 27 July 2016, 11:34 am | Green Building Council

The InnoV8 building has become the first in Christchurch’s growing Innovation Precinct to achieve a Green Star rating – meaning Vodafone will benefit from its sustainable, energy-efficient design. More >>

HLFS Estimated Working-age Population: June 2016 quarter

Wednesday, 27 July 2016, 11:30 am | Statistics New Zealand

This table provides the working-age population estimate of the usually resident, non-institutionalised, civilian population of New Zealand aged 15 years and over. This estimate is the benchmark figure for the number of people in the labour market ... More >>

AWF Madison sets modest goals for 2017

Wednesday, 27 July 2016, 11:27 am | BusinessDesk

July 27 (BusinessDesk) - AWF Madison Group, the country's largest contract labour firm, is looking to bounce back from last year's dip in earnings as it sets "modest goals" for 2017 with a view to reaping greater productivity by investing in new technology. More >>

Going digital to boost supermarket safety

Wednesday, 27 July 2016, 11:27 am | Food and Grocery Council

Helping ensure grocery supplier representatives and merchandisers who go into supermarkets come out safely is the driving force behind new technology being rolled out by online training company Intuto. More >>

Auckland leisure centres axe unhealthy drinks

Wednesday, 27 July 2016, 11:19 am | BusinessDesk

July 27 (BusinessDesk) - Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes. More >>

Farm survey shows confidence subdued but steady

Wednesday, 27 July 2016, 11:08 am | Federated Farmers

Farmer confidence has picked up slightly since surveyed last in January but remains weak, according to Federated Farmers’ July 2016 Farm Confidence Survey. More >>

Xero Transforms Accounting, Bookkeeping with Reporting Tool

Wednesday, 27 July 2016, 11:06 am | Xero

WELLINGTON, JULY 27, 2016 ¬ Xero (@Xero) today announced a significant update in its Report Templates for New Zealand and Australian accountants and bookkeepers. The release marks another innovation milestone by the Cloud leader in accounting ... More >>

New Zealand, Thank You For Your Trust

Wednesday, 27 July 2016, 11:02 am | Masport

MEDIA RELEASE 27 July 2016 New Zealand, Thank You For Your Trust Kiwi’s, for a fifth successive year, have voted Masport into the top spot of the 2016 Reader’s Digest Most Trusted Brands award, in the Gardening Equipment Division. More >>

Supreme Court knocks back Trustpower's appeal

Wednesday, 27 July 2016, 11:01 am | BusinessDesk

July 27 (BusinessDesk) - The Supreme Court has turned down Trustpower's appeal to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. More >>

Proud to be New Zealand’s Most Trusted again

Wednesday, 27 July 2016, 11:01 am | Harcourts

For the fourth consecutive year Harcourts has been voted New Zealand’s Most Trusted real estate brand. More >>

Heartland Seniors Finance becomes Consumer Trusted

Wednesday, 27 July 2016, 10:53 am | Consumer NZ

To become Consumer Trusted, a business must meet Consumer NZ’s strict code of conduct that focuses largely on consumer law such as the Fair Trading Act and Consumer Guarantees Act. A business must show it exceeds the minimum requirements of the law. More >>

Smart Tanker Partnership Wins Award

Wednesday, 27 July 2016, 10:51 am | Fonterra

Fonterra Co-operative is thrilled that its partnership with the Southland District Council to improve management of the roading network has been nationally recognized. More >>

Queenstown-Wanaka pie maker wins best vegetarian pie in NZ

Wednesday, 27 July 2016, 10:42 am | Scope Media

A vegetable-packed pie produced by Queenstown- and Wanaka-based The Bakery Wholesale was last night crowned the best vegetarian pie in New Zealand. The gold award for The Bakery Wholesale’s Kai Pai vegetarian pie at the 2016 Bakels Supreme Pie Awards ... More >>

REINZ 2016 Awards – The Best of the Best

Wednesday, 27 July 2016, 10:42 am | REINZ

Tonight the Real Estate Institute of New Zealand (REINZ) together with more than 400 members, celebrated the success of 38 of their members and colleagues at the 2016 REINZ Awards for Excellence. Held at the stunning Auckland Museum, the event ... More >>

Banks well-positioned despite continuing uncertainty

Wednesday, 27 July 2016, 10:38 am | NZ Bankers' Association

27 July 2016 Banks well-positioned despite continuing uncertainty KPMG’s Financial Institutions Performance Survey for the quarter ending March 2016 has found that banks’ strong performance positions them well in an environment of continuing global ... More >>

New Zealand’s most trusted brands for 2016 revealed

Wednesday, 27 July 2016, 10:11 am | Reader's Digest

For the fifth consecutive year, Whittaker’s has been announced New Zealand’s most trusted brand in an annual survey commissioned by Reader’s Digest. More >>

G3 delays planned capital raise

Wednesday, 27 July 2016, 10:09 am | BusinessDesk

July 27 (BusinessDesk) - G3 Group, the NXT-listed mail operations and document manager, has delayed a planned equity raising that would have been done through the Snowball Effect crowdfunding platform and says first-quarter margins are tracking below target ... More >>

Abano turns to 2016 annual profit after selling stake

Wednesday, 27 July 2016, 10:07 am | BusinessDesk

July 27 (BusinessDesk) - Abano Healthcare, the Australasian radiology and dental centre operator, turned to an annual profit after selling its half stake in audiology investor Bay International and expanding its dental chain. More >>

An A-pie-tite for Bacon & Egg Rules Supreme

Wednesday, 27 July 2016, 10:00 am | Bakels New Zealand Supreme Pie Awards

An A-pie-tite for Bacon & Egg Rules Supreme A Bacon & Egg pie has won over the hearts of judges at the 20th Bakels NZ Supreme Pie Awards. Patrick Lam of Patrick’s Pie Group Gold Star Bakery, Tauranga has taken home the much sought-after Supreme ... More >>

IHG set for mid-scale hotel brand expansion in New Zealand

Wednesday, 27 July 2016, 9:52 am | InterContinental Hotels

Sydney, Australia, 26 July 2016: InterContinental Hotels Group ( IHG ), one of the world’s leading hotel companies, has announced it will add its first Holiday Inn hotel in Queenstown later this year following the conversion of the former Goldridge ... More >>

Trustpower in trading halt as it awaits Supreme Court ruling

Wednesday, 27 July 2016, 9:48 am | BusinessDesk

July 27 (BusinessDesk) - Trustpower is in a trading halt as it awaits a Supreme Court ruling on its dispute with the Commissioner of Inland Revenue, due to be released today. More >>

Abano announces full year results and increased dividend

Wednesday, 27 July 2016, 9:29 am | Albano Aged Care

Full Year Results for the Financial Year Ended 31 May 2016 Healthcare investor, Abano Healthcare Group (NZX: ABA) has today released its financial results for the year ended 31 May 2016 reporting a Net Profit After Tax (NPAT) of $28.4m and a 33% ... More >>

Consumers say No to $78 million transmission price hike

Wednesday, 27 July 2016, 9:26 am | Entrust

An unprecedented response from Auckland consumers regarding an Electricity Authority proposal to increase electricity transmission prices for Aucklanders by an additional $78 million per year shows how unpopular the proposal is, according to Entrust (formerly ... More >>

Healtheries wins our trust – again

Wednesday, 27 July 2016, 9:20 am | Healtheries

Healtheries has been named one of New Zealand’s most trusted brands – for the tenth time. More >>

More Money Going to Responsible Investing

Wednesday, 27 July 2016, 9:19 am | Responsible Investment Association Australasia

More Money Going to, And Being Earned From, Responsible Investing 27 July 2016: A significant sum of New Zealand’s capital is now being invested responsibly - totalling $78.7 billion - with early signs showing consumer demand is increasingly ... More >>

NZ dollar little changed as central bank meetings awaited

Wednesday, 27 July 2016, 8:47 am | BusinessDesk

July 27 (BusinessDesk) - The New Zealand dollar was little changed as investors await central bank meetings in the US and Japan this week, and ahead of Australian inflation data today which is seen as a key factor in whether rates will go lower across the ... More >>

Former Kiwi startup builds customers from Singapore

Wednesday, 27 July 2016, 8:43 am | BusinessDesk

July 27 (BusinessDesk) - TradeGecko, the Kiwi start-up that moved to Singapore in 2012 in search of capital, markets and nurturing, says it is taking in "millions in revenue" from tens of thousands of customers but is yet to turn a profit as it ... More >>

HiFX Morning Update, July 27 2016

Wednesday, 27 July 2016, 8:29 am | HiFX

The NZDUSD opens at 0.7045 this morning. The NZD rallied 0.7% late yesterday afternoon after comments from Japan’s Finance Minister Aso, and the Kiwi held firm overnight. More >>

Responsible investing in NZ rises 28%

Wednesday, 27 July 2016, 8:25 am | BusinessDesk

July 27 (BusinessDesk) - The amount of New Zealand’s capital being invested responsibly has grown 28 percent in the past year to $78.7 billion with take-up now ranging more broadly from the largest institutions to boutique managers and KiwiSaver providers ... More >>

NZ banks' loan book hits fresh high of $228 bln

Wednesday, 27 July 2016, 8:23 am | BusinessDesk

July 25 (BusinessDesk) - The size of the mortgage books of New Zealand's banks hit a new high of $227.7 billion in the three months ended March 31, an increase of $8.4 billion or 3.9 percent on the previous quarter. More >>

MARKET CLOSE: NZ shares fall for first time since Brexit

Wednesday, 27 July 2016, 8:20 am | BusinessDesk

July 26 (BusinessDesk) - New Zealand shares fell from a record high, led by Trade Me Group and Orion Health Group, as investors await earnings season for evidence that high valuations are being driven by anything more than the absence of attractive ... More >>

While you were sleeping: McDonald’s disappoints

Wednesday, 27 July 2016, 7:34 am | BusinessDesk

July 27 (BusinessDesk) - Wall Street was mixed amid disappointing results from McDonald’s while Federal Reserve policy makers began their two-day policy meeting. More >>

NZD gains before Fed, Bank of Japan statements

Tuesday, 26 July 2016, 5:32 pm | BusinessDesk

The New Zealand dollar gained late in the day, although there were no obvious drivers other than demand for yield as traders await the outcome of policy reviews by the Federal Reserve and the Bank of Japan. More >>

Kiwi company 1Above re-signs with golf champ Lydia Ko

Tuesday, 26 July 2016, 5:29 pm | 1Above

1Above has today re-signed its sponsorship deal with the world’s No. 1 ranked women’s pro golfer – Lydia Ko. More >>

The countdown to spring is on with new Queenstown campaign

Tuesday, 26 July 2016, 5:21 pm | Destination Queenstown

Queenstown, New Zealand (Wednesday July 20, 2016) Today, Destination Queenstown kicks off the “Countdown to Spring”, a new campaign to entice Australian travellers to New Zealand’s favourite visitor destination this spring. More >>

Trust beneficiaries treated equally, Court of Appeal told

Tuesday, 26 July 2016, 4:55 pm | BusinessDesk

July 26 (BusinessDesk) - Lawyers for Maryanne Green, the daughter of late NBR rich lister Hugh Green, told the Court of Appeal today that her status as trustee of Green's $400 million business empire did not hamper the operation of the trust and every ... More >>

The Marketing Group Plc Acquires Ulysses LTD

Tuesday, 26 July 2016, 4:40 pm | Marketing Group

The Marketing Group Plc Acquires Ulysses LTD, Extending Global Reach Into U.S MarketAcquisition of Ulysses Ltd marks a watershed moment for The Marketing Group Plc as it establishes position in the U.S with subsidiary marketing businesses Wilkin Marketing and With ... More >>

Long, Auckland-driven construction boom ahead: BRANZ report

Tuesday, 26 July 2016, 4:23 pm | BusinessDesk

The pipeline of new Auckland housing will underpin a longer construction boom for the country, making up for an overestimation in the amount of commercial work in the pipeline, says the 2016 National Construction Pipeline Report. More >>

Forest industry and Biosecurity Promise

Tuesday, 26 July 2016, 4:18 pm | NZ Forest Owners' Association

The Forest Owners Association believes the government is aiming in the right direction with its just announced biosecurity ambitions, but wants to see real plans to deliver on this intention. More >>

Updated biosecurity threats

Tuesday, 26 July 2016, 3:57 pm | BusinessDesk

July 26 (BusinessDesk) - The government's proposal to update the nation's 2003 biosecurity strategy identifies the reliance of the primary sector on a small number of monocultures and large-scale changes in land use such as dairy conversions among 12 strategic ... More >>

Auckland Airport welcomes ex-employee’s guilty plea

Tuesday, 26 July 2016, 2:42 pm | Auckland Airport

Media Release | 26 July 2016 Auckland Airport welcomes ex-employee’s guilty plea to fraud charges More >>

$3,000 fine reinforces message

Tuesday, 26 July 2016, 2:39 pm | Plumbers Gasfitters and Drainlayers Board

Today’s prosecution in the Hastings District Court reinforces the Plumbers, Gasfitters and Drainlayers Board’s message to landlords and property managers last week, to make sure that they only use authorised tradespeople. More >>

Finalists in prestigious ServiceIQ Apprentice Chef Award

Tuesday, 26 July 2016, 2:30 pm | ServiceIQ

The heat is on for six talented young Kiwi chefs who will go head-to-head to win the coveted title of ServiceIQ Apprentice Chef of the Year 2016, this week. More >>

$3,000 fine reinforces message

Tuesday, 26 July 2016, 2:27 pm | Plumbers Gasfitters and Drainlayers Board

Today’s prosecution in the Hastings District Court reinforces the Plumbers, Gasfitters and Drainlayers Board’s message to landlords and property managers last week, to make sure that they only use authorised tradespeople. More >>

Brandon expands into NZ with life science fund

Tuesday, 26 July 2016, 2:02 pm | Brandon Capital Partners

Leading Australian life science venture firm announces appointment of Duncan Mackintosh to lead New Zealand operations More >>

Record Breaking Start to 2016 Winter at Cardrona

Tuesday, 26 July 2016, 1:45 pm | Cardrona

The start of the 2016 winter has been a record-breaker for Cardrona Alpine Resort, with a 20% growth on previous winters. The growth has largely come from an influx of first time skiers and snowboarders, with the resort gearing up for a further increase ... More >>

Digital Commons Storms New Zealand Advertising Scene

Tuesday, 26 July 2016, 1:31 pm | Digital Commons

Only 3 months into their new business venture and Digital Commons is leading the way in bringing data, content and social solutions to NZ digital media agencies and clients. More >>

Morning Frosts a Change From Tropical Conditions

Tuesday, 26 July 2016, 1:27 pm | Fonterra

Getting up early on a foggy frosty Waikato morning for calving is quite a change for the nine Indonesian farmers in New Zealand this winter with Fonterra’s Dairy Development programme. More >>

Airport staffer pleads guilty to three fraud charges

Tuesday, 26 July 2016, 1:24 pm | BusinessDesk

July 26 (BusinessDesk) - Former Auckland International Airport employee Teremoana Kimiangatau has pleaded guilty to charges of defrauding the airport out of about $1.8 million. More >>

New Seoul-Christchurch charter service to meet demand

Tuesday, 26 July 2016, 1:11 pm | Christchurch Airport

Demand from Korean travellers wanting to tour the South Island has led to a new charter service for the coming summer. From December 2 to January 28, Asiana Airlines will fly a weekly service between Incheon, Seoul and Christchurch Airport, to bring ... More >>

LVR changes will make little difference

Tuesday, 26 July 2016, 12:56 pm | Century 21 Real Estate

The Reserve Bank’s latest changes to loan-to-value restrictions (LVRs) will make little difference to the Auckland market, and will unnecessarily punish investors and first-home buyers in the rest of country, says Geoff Barnett, National Manager ... More >>

NZ annual fruit exports jump, led by record kiwifruit sales

Tuesday, 26 July 2016, 12:11 pm | BusinessDesk

July 26 (BusinessDesk) - New Zealand fruit exports have been the shining star of commodities over the past year, countering a weak period for exports of dairy products. More >>


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