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Latest Business Headlines

Volution Group acquires leading ventilation company, Simx

Tuesday, 20 March 2018, 5:20 pm | Minter Ellison Rudd Watts

UK-based manufacturing and distributing company, Volution Group has acquired Simx Limited - a leading New Zealand designer, manufacturer and supplier of residential ventilation products - for NZ$72 million. More >>

solarcity appoints new Chief Marketing Officer

Tuesday, 20 March 2018, 5:17 pm | SolarCity

Auckland, 19 March 2018 – Maryanne Smith, former Noel Leeming and Torpedo7 Group General Manager - Marketing, has joined solarcity in the newly created position of Chief Marketing Officer to lead sales, marketing and customer services. More >>

NZ govt debt loses 'darling of the high-yield world' status

Tuesday, 20 March 2018, 5:10 pm | BusinessDesk

NZ govt debt loses 'darling of the high-yield world' status as US Treasury yields climb More >>

NZPI Conference to Tackle Big Planning Issues

Tuesday, 20 March 2018, 4:23 pm | NZ Planning Institute

Water quality and availability, rapid urbanisation, and the impact of natural hazards and climate change are among the top three planning issues to be discussed at the New Zealand Planning Institute’s conference Breaking New Ground held in Tauranga ... More >>

Chairman’s statement on behalf of Air New Zealand

Tuesday, 20 March 2018, 3:47 pm | Air New Zealand

Air New Zealand Chairman Tony Carter has today written to the Minister of Finance Hon Grant Robertson to reinforce that the airline will always act independently of the Crown. More >>

Former Bhutan Minister recognised in alumni awards

Tuesday, 20 March 2018, 3:46 pm | Lincoln University

Founder of nationwide financial company Craigs Investment Partners, Neil Craig, and former Bhutan Minister for Agriculture, Forests and Environment, Dr Pema Gyamtsho, will be recognised as outstanding alumni at the Lincoln University Graduation ceremony ... More >>

Kiwi firms succeeding with greater R&D investment

Tuesday, 20 March 2018, 3:31 pm | Callaghan Innovation

Callaghan Innovation is welcoming the latest Business Operations Survey results showing Kiwi businesses are lifting their efforts in research and development (R&D). More >>

NZ businesses investing more in R&D and expansion

Tuesday, 20 March 2018, 3:29 pm | BusinessDesk

March 20 (BusinessDesk) - New Zealand businesses are investing more in their growth and research and development but while the number of businesses carrying out R&D is at a 10-year high only 11 percent of firms are doing it. More >>

Rabobank New Zealand announces new board appointment

Tuesday, 20 March 2018, 2:56 pm | Rabobank

Rabobank New Zealand has announced the appointment of Jillian Segal AM to its board of directors. More >>

Kathmandu lifts 1H profit 23%

Tuesday, 20 March 2018, 2:49 pm | Markinson

March 20 (BusinessDesk) - Kathmandu Holdings, the outdoor equipment retailer, increased first-half profit 23 percent, in line with its forecast, as it discounted less products and lifted margins. It also announced plans to buy its US footwear supplier Oboz ... More >>

Baby Boomers less optimistic about upskilling

Tuesday, 20 March 2018, 2:23 pm | Hays

Upskilling keeps you relevant and employable in the face of the Fourth Industrial Revolution’s rapid rate of workplace change, but a survey by recruiting experts Hays shows the majority (71%) of Millennials also believe it should lead to a salary ... More >>

Federated Farmers pays tribute to John O’ Connor

Tuesday, 20 March 2018, 2:11 pm | Federated Farmers

Federated Farmers offers its deepest condolences to Agriculture Minister Damien O’Connor and family after the passing of his father, West Coast dairy farmer John O’Connor. More >>

Confidence in residential property near pre-election levels

Tuesday, 20 March 2018, 1:36 pm | Colliers International

Confidence in the residential property market has bounced back to near pre-election levels, new research shows. More >>

Ale in a day’s work: judges search for best beer and cider

Tuesday, 20 March 2018, 1:16 pm | New World Beer and Cider Awards

Ale in a day’s work – judges search for best beers and ciders among record number of entries Finding the best beers and ciders among almost 600 entries is no easy job, but a group of expert judges are stepping forward to put their palates to this ... More >>

NZ cryptocurrency investment platform launches

Tuesday, 20 March 2018, 1:14 pm | Ilumony

FOR IMMEDIATE RELEASE: 20 March 2018 A New Zealand-based financial services company is launching a cryptocurrency portfolio investment platform designed to make the exciting asset class accessible to everyone. The new platform, called Invsta , is ... More >>

NZ Poised to Become Switzerland of the South Pacific

Tuesday, 20 March 2018, 1:12 pm | New Zealand International Arbitration Centre

New Zealand Poised to Become Switzerland of the South Pacific Hot on the heels of the CPTTP Agreement finalised earlier this year, the New Zealand International Arbitration Centre ( NZIAC ) has announced the launch of its new and innovative 2018 suite of ... More >>

New Zealand at Expo 2020 design team announced

Tuesday, 20 March 2018, 1:09 pm | New Zealand Trade and Enterprise

New Zealand at Expo 2020 has announced the design team that will lead the design and visitor experience of the New Zealand Pavilion at Expo 2020 in Dubai, United Arab Emirates. More >>

NZ consumer confidence ticks back up

Tuesday, 20 March 2018, 1:04 pm | BusinessDesk

March 20 (BusinessDesk) - New Zealand consumer confidence retraced its post-election drop to return to average levels in the March quarter as political jitters faded and the economy remains strong. More >>

ANZ mulls UDC Finance IPO after sale rejected

Tuesday, 20 March 2018, 1:02 pm | BusinessDesk

March 20 (BusinessDesk) - ANZ Bank New Zealand said it's exploring an initial public offering for UDC Finance after a planned $660 million sale to Chinese conglomerate HNA Group was rejected by the Overseas Investment Office in December. More >>

Woods fast-tracks agreed EQC legislative changes

Tuesday, 20 March 2018, 1:01 pm | BusinessDesk

March 20 (BusinessDesk) - Earthquake Commission Minister Megan Woods has fast-tracked four widely supported changes to the law governing the EQC, including a higher cap for residential property and ditching the entity's contents cover, leaving more contested ... More >>

Facebook users give Queenstown the thumbs up!

Tuesday, 20 March 2018, 12:38 pm | Destination Queenstown

Queenstown, New Zealand (20 March, 2018) Queenstown’s fans have given the Southern Hemisphere’s premium visitor destination a big thumbs up on social media. More >>

Nigel Woodhead to put his ploughing skills to the test

Tuesday, 20 March 2018, 12:35 pm | New Zealand Young Farmers

20th March 2018 Nigel Woodhead to put his ploughing skills to the test in Southland More >>

Go for 5G, but bring rural NZ along too

Tuesday, 20 March 2018, 12:30 pm | Federated Farmers

New Zealand’s ambitions to get on with the roll-out of 5G technology should be applauded but don’t put dealing with woeful rural coverage on the back-burner, Federated Farmers Vice-President Andrew Hoggard says. More >>

Fewer Weeds, More Wheat

Tuesday, 20 March 2018, 12:10 pm | Environmental Protection Authority

A herbicide to control problematic weeds in wheat crops and so increase crop yield, has been approved by the Environmental Protection Authority (EPA). More >>

NZ Steel's Pacific Steel restructuring hurt margins

Tuesday, 20 March 2018, 12:08 pm | BusinessDesk

March 20 (BusinessDesk) - Restructuring at Pacific Steel and weak global demand rather than the behaviour of Chinese rivals squeezed the company's margins, says an officials' report that recommended the government reject its dumping complaints ... More >>

NZ dollar rises from three-week low ahead of Fed meeting

Tuesday, 20 March 2018, 11:40 am | BusinessDesk

March 20 (BusinessDesk) - The New Zealand dollar bounced from a three-week low ahead of this week's Federal Reserve policy review, which is expected to lift US interest rates, while stocks on Wall Street after growings fears of regulation in the tech ... More >>

Census on track for 70 percent online

Tuesday, 20 March 2018, 11:38 am | Statistics New Zealand

More than 3.2 million people have completed the 2018 Census online so far, and the total is expected to exceed the online target of 70 percent, Stats NZ said today. More >>

REINZ Lifestyle: The Trend Continues

Tuesday, 20 March 2018, 11:14 am | REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 192 fewer lifestyle property sales (-11.1%) for the three months ended February 2018 than for the three months ended January 2018. Overall, there were 1,530 lifestyle ... More >>

REINZ Rural: An Easing in the Late Summer Market

Tuesday, 20 March 2018, 11:12 am | REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 52 fewer farm sales (-11.9%) for the three months ended February 2018 than for the three months ended February 2017. Overall, there were 384 farm sales in the three months ... More >>

Mammoth kiwifruit property portfolio placed on the market

Tuesday, 20 March 2018, 11:09 am | Bayleys

One of New Zealand’s biggest privately-owned kiwifruit orchard portfolios has been placed on the market for sale. More >>

Expansion and research on the rise

Tuesday, 20 March 2018, 10:56 am | Statistics New Zealand

One in three New Zealand businesses invested in their expansion in 2017, compared with 1 in 5 in 2007, Stats NZ said today. These results come from the Business Operations Survey, which reports on businesses with six or more employees. More >>

Many NZ Businesses Not Confident About Cyber Risks

Tuesday, 20 March 2018, 10:51 am | Marsh

Auckland, 20 March, 2018 – Cyber risk is high on the agenda for many New Zealand businesses however few are highly confident in understanding or responding to a cyber incident nor comprehend the risks their suppliers pose, according to a new global ... More >>

While you were sleeping: Facebook sparks tech selloff

Tuesday, 20 March 2018, 10:33 am | BusinessDesk

March 20 (BusinessDesk) - Wall Street dropped as a plunge in Facebook shares led a decline in technology stock amid concern the industry could face an increase in regulation. More >>

Tech researchers on the cusp of an evolution with machines

Tuesday, 20 March 2018, 9:02 am | Make Lemonade

The world’s tech experts are on the verge of seeing a major shift in relationships between people and machines, according to a key speaker heading to AI Day in Auckland on March 28. More >>

Necesse launches sales direct from new website

Tuesday, 20 March 2018, 8:36 am | Necesse

Organic cotton tampon subscription service Necesse has officially launched in New Zealand. More >>

HiFX Morning Update, March 20 2018

Tuesday, 20 March 2018, 8:20 am | HiFX

The NZDUSD opens at 0.7241 (mid-rate) this morning. The GBP has been the strongest performing currency over the past 24 hours, advancing against all its rivals following reports that the European Union and the UK have reached a post-Brexit transitional ... More >>

MARKET CLOSE: NZ shares mixed, Kathmandu and Sky TV up

Monday, 19 March 2018, 8:32 pm | BusinessDesk

March 19 (BusinessDesk) - New Zealand shares were mixed, with Kathmandu Holdings up and Sky Network Television continuing to bounce while Chorus and Comvita fell. More >>

NZ dollar may fall as Fed poised to hike while RBNZ on hold

Monday, 19 March 2018, 8:16 pm | BusinessDesk

March 19 (BusinessDesk) - The New Zealand dollar slipped and is poised to go lower with the focus firmly on this week's policy reviews at the US Federal Reserve and New Zealand's central bank, where the Fed is expected to hike while the Reserve Bank ... More >>

Money laundering worth $1.35 billion a year, NZ Police says

Monday, 19 March 2018, 7:44 pm | BusinessDesk

March 19 (BusinessDesk) - More than $1.35 billion-worth of illicit funds from fraud, tax offending and drug trafficking is ending up in New Zealand every year to be laundered, according to a new report from the NZ Police Financial Intelligence Unit. More >>

Environment Court judicial conference on Wellington Airport

Monday, 19 March 2018, 7:20 pm | BusinessDesk

March 19 (BusinessDesk) - The Environment Court will hold a judicial conference in April to hear concerns about Wellington International Airport's adjournment request for its planned runway extension. More >>

NPT shareholders greenlight sale of management contract

Monday, 19 March 2018, 7:18 pm | BusinessDesk

March 19 (BusinessDesk) NPT shareholders voted in favour of Augusta Capital buying the real estate investor's management contract for $4.5 million at a special meeting today in Auckland. More >>

Better together concept inspires winning business ideas

Monday, 19 March 2018, 7:16 pm | SodaInc

A solution to the issues New Zealand dairy owners are facing took out the Most Viable Business Award at the Soda Inc. Innes48 Start-up Competition at Wintec last night. More >>

Westland signs with health and nutrition giant Kalbe

Monday, 19 March 2018, 6:48 pm | Westland Milk Products

Building on its growing market presence in China, New Zealand’s second biggest dairy co-operative, Westland Milk Products, signalled an increased presence in South East Asia by signing a Memorandum of Understanding with Indonesian consumer health ... More >>

Commerce Commission the biggest hurdle for OMV's Shell buy

Monday, 19 March 2018, 6:44 pm | BusinessDesk

March 19 (BusinessDesk) - Austrian oil and gas producer OMV may have to sell down its stakes in the Maui and Pohokura fields to clear competition law hurdles to its $578 million purchase of Shell New Zealand's remaining assets, says petroleum sector ... More >>

MBIE seeks feedback on 5G radio spectrum

Monday, 19 March 2018, 6:41 pm | BusinessDesk

March 19 (BusinessDesk) - The Ministry of Business, Innovation and Employment wants feedback on how government-regulated radio spectrum fits into the fifth-generation mobile technology framework known as 5G, releasing a document the same day Spark ... More >>

Intelligent transport systems could earn $1.5 billion a year

Monday, 19 March 2018, 6:33 pm | BusinessNZ

Intelligent transport systems could be a sunrise tech industry for New Zealand, earning up to $1.5 billion a year, a new industry report has found. More >>

Two new appointments to Beef + Lamb Board

Monday, 19 March 2018, 5:28 pm | NZ Beef and Lamb

Beef + Lamb New Zealand welcomes two new faces to its Board of Directors with the election of a new farmer Director and the appointment of an Associate Director. More >>

Veritas cuts 2018 guidance following Mad Butcher sale

Monday, 19 March 2018, 4:59 pm | BusinessDesk

March 19 (BusinessDesk) - Veritas Investments has cut its 2018 guidance after shareholders voted to sell the business and assets of the Mad Butcher franchisor to its chief executive Michael Morton. More >>

Trial aims to kick car bumper waste to the curb

Monday, 19 March 2018, 3:40 pm | 3R Group

The practice of sending hundreds of thousands of car bumpers to the dump may become a thing of the past in New Zealand, with work underway to start a recycling programme. More >>

Ongoing Questions About Tiwai Waste & Liquidators’ Actions

Monday, 19 March 2018, 3:26 pm | Michael Laws

Michael Laws of The Message represented the landlord of the former Mataura paper mills, Southland Storage Ltd, and latterly all four landlords/owners involved in the $4 million settlement today, relating to over 20,000 tonnes of hazardous waste ... More >>

Wellington Airport seeks resource consent delay

Monday, 19 March 2018, 2:49 pm | BusinessDesk

March 19 (BusinessDesk) - Wellington International Airport has asked to put its runway extension resource consent application on hold for nine months, as it plans to re-ask the Civil Aviation Authority for permission for its plan. More >>

Vallum makes international pitch

Monday, 19 March 2018, 2:33 pm | Vallum

Press Release 16 March 2018, New Zealand New Zealand InsurTech start-up, Vallum, was one of 25 international early-stage businesses chosen to pitch at the Global InsurTech Roadshow, which was held in Frankfurt, Germany last week.The prestigious ... More >>

Protection critical for power cables in Cook Strait

Monday, 19 March 2018, 2:31 pm | Transpower

Protection critical for power cables in Cook Strait Transpower today said that a recent prosecution over fishing activity in the Cook Strait Cable Protection Zone (CPZ) highlights the importance of protecting the High Voltage Direct Current (HVDC) ... More >>

NZ services activity slows for third consecutive month

Monday, 19 March 2018, 2:15 pm | BusinessDesk

March 19 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, slowed for a third consecutive month in February as the activity/sales sub-index fell to its lowest level since November 2014. More >>

Spark first in NZ to switch on a 5G mobile test site

Monday, 19 March 2018, 2:09 pm | Spark NZ

Today Spark announced New Zealand’s first live 5G mobile test site in Wellington, with Minister of Broadcasting, Communications and Digital Media Hon Clare Curran becoming the first member of the public to run a 5G speed test achieving speeds of ... More >>

Water Crisis Provides an Opportunity for Kiwi Water Tech

Monday, 19 March 2018, 1:59 pm | Safe H2O

World Water Crisis Provides an Opportunity for Kiwi Water Tech Innovators Says Safe H2O Safe H2O, a revolutionary New Zealand water purification business, is using World Water Day on 22 March this week to drum up support for the development of New Zealand ... More >>

Bartercard’s Parent Company Acquiring Digital Business

Monday, 19 March 2018, 12:39 pm | Bartercard

BPS Technology, the parent company of Bartercard, is undergoing a reorganisation, acquiring a digital agency in Australia and renaming itself IncentiaPay in order to focus on the fastest-growing arms of its business. More >>

Security becomes part of organisational DNA of NZ companies

Monday, 19 March 2018, 12:37 pm | IDC New Zealand Ltd

IDC: Security becomes part of the organisational DNA of NZ companies AUCKLAND, March 19th, 2018 – IDC New Zealand has released its Security Heatmap which summarises and provides insights into the ICT security issues facing New Zealand organisations. ... More >>

Construction sector productivity compromised by delay

Monday, 19 March 2018, 12:33 pm | Infrastructure NZ

“Cancellation of major projects, delays in new projects coming to market and uncertainty about future transport funding are forcing the contracting sector to release skilled staff just at the point at which the Government wants to increase the speed and scale ... More >>

Primary sector exports forecast to rise to over $42 billion

Monday, 19 March 2018, 12:28 pm | Ministry For Primary Industries

New Zealand's primary industry exports are forecast to rise nearly 11 percent in the year ending June 2018 to $42.2 billion. More >>