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Latest Business Headlines

House prices to peak next year on new supply

Monday, 25 July 2016, 2:20 pm | BusinessDesk

July 25 (BusinessDesk) - New Zealand house prices will rise another 17 percent before peaking late next year as accelerating building activity takes time to meet the imbalance between a lack of housing stock and growing demand, says economic consultancy Infometrics. More >>

Hugh Green's children ask court to overrule High Court

Monday, 25 July 2016, 2:19 pm | BusinessDesk

July 25 (BusinessDesk) - Two of late NBR Rich Lister Hugh Green's children are asking the Court of Appeal to overturn a ruling that returned control of Green's $400 million business empire to their sister. More >>

NZ export log prices drop to 7-month low

Monday, 25 July 2016, 2:10 pm | BusinessDesk

July 25 (BusinessDesk) - New Zealand export log prices slid to a seven-month low in July as a stronger local currency and weaker prices in key export markets dented returns. More >>

The Block NZ Wins Sunday Night

Monday, 25 July 2016, 1:34 pm | Mediaworks

The Block NZ Wins Sunday Night, MediaWorks Radio Cements Position as Number One Network in New Zealand Sunday night saw The Block NZ: Girls vs Boys continue its strong performance, winning its timeslot in all four key commercial demographics ... More >>

Kiwi workers more likely to ramp up productivity with dogs

Monday, 25 July 2016, 1:31 pm | Frog Recruitment

Kiwi workers more likely to ramp up productivity when there’s a dog in the workplace Survey reveals more than half of NZ businesses have a dog at work When it comes to perks in the workplace, bringing your dog to work is one of them. More than half ... More >>

Buckley Systems expanding for the future

Monday, 25 July 2016, 12:12 pm | Buckley Systems

Ion implantation technology leader Buckley Systems has expanded locally, building on earlier expansion in North America as demand for its precision electromagnets continues to grow. More >> launches in New Zealand and Australia

Monday, 25 July 2016, 12:03 pm | Serko.Travel launches in New Zealand and Australia New Online Travel Management Application Drives Cost Savings and Productivity Gains for Smaller Businesses Auckland, New Zealand. 25th July 2016 – Serko Ltd . ( SKO.NZ ) launched its new small business ... More >>

New consultancy makes HR much easier for business

Monday, 25 July 2016, 11:56 am | Dough HR

A new HR consultancy has been launched to help New Zealand businesses as they face increasing compliance such as new health and safety legislation, make greater sense of the 90-day trial period, and get more out of performance appraisals. More >>

Woolworths writes down EziBuy by A$309M

Monday, 25 July 2016, 11:49 am | BusinessDesk

July 25 (BusinessDesk) - Australian supermarket chain Woolworths has written off A$309 million from the value of its New Zealand clothing and homeware retailer EziBuy and wants to sell the business as part of an overhaul that will also see some local ... More >>

Southern Spars to Build 2017 America’s Cup Boat

Monday, 25 July 2016, 11:43 am | Southern Spars

Southern Spars today announced it has been appointed to build Emirates Team New Zealand’s boat for the 35th America’s Cup. More >>

Architectural Centre 70th anniversary awards

Monday, 25 July 2016, 11:18 am | The Architectural Centre

To commemorate their 70th anniversary on the 23rd July, the Architectural Centre announced a number of awards at its 70th birthday party this evening (22 July 2016) at Wellington Museum. The awards recognised many in the architectural and design ... More >>

Leading business brains share trade secrets

Monday, 25 July 2016, 11:15 am | Porter Novelli

From mixing peanut butter in his garage to creating a product now spread across the globe, Pic Picot knows the pain and pleasure of starting a business. More >>

‘Bird’s eye’ cameras make trucks far safer

Monday, 25 July 2016, 10:56 am | Dog And Lemon guide

Cameras that give truck drivers a 360° view of the space around their vehicles can prevent many fatal accidents involving trucks and cyclists , says the car review website . More >>

Claire Turnbull joins as SPCA Blue Tick goodwill ambassador

Monday, 25 July 2016, 10:34 am | SPCA Blue Tick

Wellness author, speaker, nutritionist and busy mum Claire Turnbull has taken on the role of SPCA Blue Tick goodwill ambassador. She joins celebrity chef Ray McVinnie as an advocate for high animal welfare in farming practices. More >>

Wellington Airport plans to sell $60 million of 8-year bonds

Monday, 25 July 2016, 10:17 am | BusinessDesk

July 25 (BusinessDesk) - Wellington International Airport plans to sell as much as $60 million of eight-year bonds, joining a growing number of companies taking advantage of record low-interest rates through the debt market. More >>

Break out of the World of Sameness or Struggle

Monday, 25 July 2016, 10:06 am | Customer Experience Management New Zealand

Businesses without a Customer Focus Will Struggle. Those who think that slashing prices will ensure they survive the economic rigours of the next two years should think again. More >>

HiFX Morning Update, July 25 2016

Monday, 25 July 2016, 9:09 am | HiFX

The NZDUSD opens at 0.6990 (mid-rate) this morning. The NZD ended the week trading a tight range either side of 0.7000 against the USD while edging higher against of its other major trading partners. More >>

World Week Ahead: Wall St seen powering higher

Monday, 25 July 2016, 9:05 am | BusinessDesk

July 25 (BusinessDesk) - A Federal Reserve policy meeting, a slew of US earnings including from Apple, Facebook and Twitter, as well as a flurry of economic data will take centre stage this week as investors are trying to gauge whether fresh records ... More >>

NZ dollar little changed as focus shifts

Monday, 25 July 2016, 9:03 am | BusinessDesk

July 25 (BusinessDesk) - The New Zealand dollar was little changed at the open of the week's trading as investors shifted their focus to central bank meetings in the US and Japan. More >>

Constellation Brands Elects Frederic Cumenal of Tiffany & Co

Sunday, 24 July 2016, 11:24 pm | Constellation Brands

VICTOR, N.Y., July 22, 2016 – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that its board of directors increased the size of the board from 10 to 11 members. In addition, the board elected Frederic ... More >>

Investors Displeased by Central Banks

Saturday, 23 July 2016, 12:10 pm | ThinkMarkets

It was a very disappointing day for investors as nothing came good out of the ECB meeting and on the earnings front, there were no upbeat news either. Investors saw that the central banks are keeping the markets happy by only talking but no reaction ... More >>

The Jeep Grand Cherokee named ideal SUV

Saturday, 23 July 2016, 12:07 pm | Ateco Automotive NZ Ltd

• For the sixth consecutive year, Jeep® Grand Cherokee wins AutoPacific’s Ideal Vehicle Award (IVA) for the Mid-Size SUV segment More >>

Auckland businesswoman in running for Entrepreneur of Year

Friday, 22 July 2016, 5:22 pm | Nirvana Health Group

Nirvana Health Group Director and Pakuranga resident Ranjna Patel is a finalist in the Ernst & Young (EY) Entrepreneur of the Year competition. More >>

Pets at work day

Friday, 22 July 2016, 5:09 pm | Purina New Zealand

If the winter months are getting you down and Murray from accounts is really getting on your nerves, then pull out the diary, because it’s time to put a big paw print on August 4th. That’s right, a paw print! More >>

Steel & Tube shares recover from 15-year low

Friday, 22 July 2016, 4:41 pm | BusinessDesk

July 22 (BusinessDesk) - Steel & Tube Holding's share price has recovered from a fifteen-year low after a flow of bad news ceased. More >>

Air NZ’s Safety in Hollywood another online blockbuster

Friday, 22 July 2016, 4:39 pm | Air New Zealand

Air New Zealand’s Safety in Hollywood another online blockbuster More >>

China Construction provides $140M cash infusion for NZ unit

Friday, 22 July 2016, 4:27 pm | BusinessDesk

July 22 (BusinessDesk) - China Construction Bank, that nation's second-largest lender, has provided $140 million of equity capital to its New Zealand subsidiary to help fund lending growth, the biggest such infusion since the local unit was established ... More >>

Restaurant Brands to kickoff home delivery of KFC

Friday, 22 July 2016, 4:15 pm | BusinessDesk

July 22 (BusinessDesk) - Restaurant Brands New Zealand hopes to introduce home delivery for its KFC brand before the end of the year. More >>

Grant Samuel rolled out again to back Silver Fern Farms deal

Friday, 22 July 2016, 4:14 pm | BusinessDesk

July 22 (BusinessDesk) - Silver Fern Farms has got Grant Samuel to back its proposal to sell half its meat processing assets to China's Shanghai Maling Aquarius ahead of a second shareholder vote, which the board will ignore if support for the deal ... More >>

Notice of Shareholder Requisitioned Meeting

Friday, 22 July 2016, 3:29 pm | Silver Fern Farms

Dunedin, 22 July 2016 – Rob Hewett, Chairman of Silver Ferns Farms, said the Board remains unanimous in its view that the 50:50 partnership with Shanghai Maling is in the best interests of shareholders and the Co-operative ahead of a shareholder ... More >>

Stephen Copulos becomes 2nd largest shareholder in ARB

Friday, 22 July 2016, 2:58 pm | BusinessDesk

July 22 (BusinessDesk) - Australian businessman Stephen Copulos said getting shares in listed Restaurant Brands, in which he is now the second largest shareholder, was a key part of the fast food brands company acquiring his family’s KFC franchise ... More >>

Jackie Smith, Finalist in Entrepreneur of the Year awards

Friday, 22 July 2016, 2:39 pm | Fab Group

Founder of FAB Group and Caci, Jackie Smith, has been announced as a finalist in this year's Ernst & Young Entrepreneur of the Year awards! The EY Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. More >>

Infrastructure Industry Achievements Rewarded

Friday, 22 July 2016, 2:14 pm | Connexis

The outstanding achievements of women employed in New Zealand's Infrastructure industry came to the stage in Wellington today. More >>

Godfrey Hirst granted leave for narrow appeal

Friday, 22 July 2016, 2:11 pm | BusinessDesk

July 22 (BusinessDesk) - Australian-owned carpet maker Godfrey Hirst has been given a small window to appeal a High Court ruling as it continues efforts to stop New Zealand's largest wool scouring operations from merging. More >>

What’s Your Flavour NZ?

Friday, 22 July 2016, 2:03 pm | Cadbury

The conclusion of the 2016 CADBURY Chocolate Carnival in Dunedin this Friday marks the midway point in a month-long celebration of chocolate. Earlier this month, Kiwi’s welcomed the return of the Jaffas block and CADBURY is now set to embark on a nationwide ... More >>

NZ needs to clear the barriers to social enterprise

Friday, 22 July 2016, 1:41 pm | University of Auckland

Innovation in the fast-growing sector of social enterprise is being hampered by a lack of knowledge, outdated laws and under-developed capital markets. More >>

Equity no longer a sure thing when it comes to finance

Friday, 22 July 2016, 1:10 pm | LoanPlan Mortgages and Finance

New Zealanders continue to top up their mortgages at a steady clip, but more and more home owners are discovering that the equity in their homes is no longer enough for bank approval – even if they want to use the money to add value to their property. ... More >>

BBC Beer Branding

Friday, 22 July 2016, 12:39 pm | BBC

Auckland 22 July 2016 – The Birkenhead Brewing Company is a small boutique brewing company, based in Birkenhead, Auckland. Our four beer brands are named after our local Kauri forest in our suburb and the three major streets that feed into the centre ... More >>

NZ tech leader announced winner of Talent Unleashed Awards

Friday, 22 July 2016, 12:04 pm | Talent Unleashed Awards

Five technology innovation leaders, including New Zealand company, Odocs, have been announced as winners of the APAC division at the 2016 Talent Unleashed Awards, which celebrate some of the world’s boldest and brightest tech entrepreneurs. Australian ... More >>

Judge Rock Vineyard Central Otago Wins Two Trophies

Friday, 22 July 2016, 11:50 am | Judge Rock

Judge Rock has won the Pinot Noir Trophy and the Red Wine of the Show Trophy at the Australia & New Zealand Boutique Wine Show. The Trophies were presented in Sydney on Monday 11 th July. Judge Rock is a small family boutique wine producer in Alexandra ... More >>

Cold snap could lead to $10,000 repair costs during winter

Friday, 22 July 2016, 11:43 am | IAG New Zealand

The average winter home insurance claim peaks at more than $10,000, data from IAG NZ during a cold snap in July last year has revealed. More >>

Survey shines light on working conditions

Friday, 22 July 2016, 11:23 am | Victoria University of Wellington

A survey of over 2,000 collective employment agreements from Victoria University of Wellington shows that while gains are being made for unionised workers, the benefits are having a wider effect as collectively agreed terms and conditions are often extended ... More >>

Thrive Tairāwhiti Social Enterprise Opportunity to Kick-Off

Friday, 22 July 2016, 11:17 am | Akina Foundation

People with social enterprise ideas in the Gisborne region will be starting their journey on Tuesday, as part of a programme called Thrive Tairāwhiti. More >>

Mighty River Power Quarterly Operational Update

Friday, 22 July 2016, 11:16 am | Mighty River Power

HIGHEST ANNUAL GEOTHERMAL PRODUCTION IN COMPANY HISTORY Geothermal generation for FY16 was the Company’s highest ever at 2,830GWh (up 2% on FY15) due to availability of 95.5% over the year and the impact of the turbine replacement at Nga Awa Purua. ... More >>

Secondary school students sample the water industry

Friday, 22 July 2016, 11:11 am | Connexis

22 July, 2016: An enthusiastic group of secondary school students enjoyed a behind the scenes taste of the water industry recently experiencing what it takes to provide Auckland with clean, safe drinking water. More >>

Cleverman Heads to New Zealand’s TVNZ

Friday, 22 July 2016, 11:06 am | Adele Feletto Publicity

July 21, 2016 - Goalpost Pictures Australia, New Zealand’s Pukeko Pictures, TVNZ, alongside Entertainment One (eOne) who handle domestic sales on the series for Australia and New Zealand, have announced that Cleverman has been sold to TVNZ. More >>

Dip in June milk collection not as big as previously thought

Friday, 22 July 2016, 10:56 am | BusinessDesk

July 22 (BusinessDesk) - Fonterra Cooperative Group says the decline in milk collection last month wasn't as big as previously thought because the extra day of a leap year mucked up its modelling. More >>

NZ staff turnover rising as balance tips

Friday, 22 July 2016, 10:53 am | BusinessDesk

July 22 (BusinessDesk) - Staff turnover is rising with more workers in New Zealand willing to risk taking on a new job in the current economic climate. More >>

Chapman Tripp Consultant Awarded Doctorate

Friday, 22 July 2016, 10:26 am | Chapman Tripp

Chapman Tripp consultant Craig Elliffe has been awarded a Doctorate from the University of Cambridge. More >>

Arable Industry Graduate Programme

Friday, 22 July 2016, 10:21 am | Foundation for Arable Research

Calling all graduates with an interest in the arable industry. Applications for FAR’s 12 month graduate programme which offers a chance to gain a thorough grounding in all aspects of the arable industry while working within it, close at the end of July. ... More >>

Young TEC Wins PATA Gold Education & Training Award 2016

Friday, 22 July 2016, 9:32 am | Tourism Export Council

Disbelief and then great excitement was how Lesley Immink, CEO Tourism Export Council describes Young TEC winning the Pacific Asia Travel Association (PATA) international award for Education and Training 2016. More >>

David Trubridge is Hawke’s Bay Exporter of the Year

Friday, 22 July 2016, 9:28 am | Export New Zealand

Whakatu lighting, furniture, and jewellery designer David Trubridge has won ExportNZ’s ASB Exporter of the Year Award. The award was presented by the Head of Trade Finance at ASB Bank, Mike Atkins, at the awards dinner last night at The Old Church in Meeanee. ... More >>

Four new NZTech board members appointed

Friday, 22 July 2016, 9:24 am | Make Lemonade

Four new NZTech board members appointed July 22, 2016 SparkTank chief executive Rachel Kelly and Augen Software group director Mitchell Pham are among four new board members who have been voted on to the board at NZTech. Microsoft managing director Barrie ... More >>

HiFX Morning Update, July 22 2016

Friday, 22 July 2016, 8:49 am | HiFX

The NZDUSD opens at 0.6996 (mid-rate) this morning. The NZD lost ground against all of its major competitors overnight, particularly the JPY as it was bought as a safe haven, as U.S. equity markets fell. More >>

NZ dollar little changed after RBNZ signals rate cuts

Friday, 22 July 2016, 8:46 am | BusinessDesk

July 22 (BusinessDesk) - The New Zealand dollar was little changed below 70 US cents after the Reserve Bank signalled rate cuts were needed to drag down a strong currency which has restricted imported inflation in the economy. More >>

While you were sleeping: Intel, Southwest slide

Friday, 22 July 2016, 7:44 am | BusinessDesk

July 22 (BusinessDesk) - Wall Street fell, weighed down by shares of Intel and Southwest Airlines following disappointing earnings. More >>

MARKET CLOSE: NZ shares gain, Steel & Tube and Xero advance

Thursday, 21 July 2016, 6:43 pm | BusinessDesk

July 21 (BusinessDesk) - New Zealand shares gained as investors were buoyed by potential interest rate cuts, with Steel & Tube Holdings, Xero and Westpac Banking Corp gaining, while New Zealand Refining Co fell. More >>

NZ dollar drops below 70 US cents after RBNZ flags rate cuts

Thursday, 21 July 2016, 5:29 pm | BusinessDesk

July 21 (BusinessDesk) - The New Zealand dollar fell dropped below 70 US cents and weakened against most all the major currencies following a Reserve Bank update that signalled further interest rate cuts are looming. More >>

New Zealand payment times remain low

Thursday, 21 July 2016, 5:27 pm | Dun and Bradstreet

New Zealand invoice payment times have maintained their record-low momentum, averaging approximately 35 days for the last four quarters, despite increasing slightly over the second quarter of 2016. According to Dun & Bradstreet’s Trade Payments ... More >>

Justice Toogood, Meat Industry Assn to grace Affco appeal

Thursday, 21 July 2016, 5:14 pm | BusinessDesk

July 21 (BusinessDesk) - Justice Kit Toogood and the Meat Industry Association survived challenges from the New Zealand Meat Workers Union to grace Affco Holdings' Court of Appeal hearing today, where it sought to reclaim the notion that seasonal workers ... More >>


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