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Latest Business Headlines

Commission to appeal High Court decision on price-fixing

Friday, 24 November 2017, 5:18 pm | BusinessDesk

Nov. 24 (BusinessDesk) - The Commerce Commission will file a notice of appeal against the High Court's decision to dismiss its case against two real estate agencies and their directors in a nationwide price fixing case. More >>

EV drivers enjoy incentive to charge off-peak

Friday, 24 November 2017, 4:48 pm | Mercury Energy

EV drivers enjoy incentive to charge off-peak 24 November 2017 – Electric vehicle (EV) drivers are responding well to price signals suggesting there will be sufficient energy capacity, predominately renewable, to power New Zealand’s increasing uptake ... More >>

Warehouse retail site offers buyers chance to add value

Friday, 24 November 2017, 4:28 pm | Bayley's Real Estate

The land and building housing Waipapa branch of The Warehouse have been placed on the market for sale. More >>

Healthy return from land and buildings housing medical hub

Friday, 24 November 2017, 4:27 pm | Bayley's Real Estate

The land and buildings housing a full-service medical hub in Taupo have been placed on the market for sale - offering potential buyers a purpose-built complex with a suite of established healthcare tenants on long leases. More >>

Motel buyers could be in pole position

Friday, 24 November 2017, 4:22 pm | Bayley's Real Estate

The only motel between Hamilton and Auckland, and the land and buildings it occupies, have been placed on the market for sale. More >>

Northport issues 'vision for growth'

Friday, 24 November 2017, 4:20 pm | BusinessDesk

Northport issues 'vision for growth' which would see wharf double in size to accept increased business More >>

Social enterprise Conscious Consumer attracts $2M to fund UK

Friday, 24 November 2017, 3:54 pm | BusinessDesk

Nov. 24 (BusinessDesk) - Social enterprise Conscious Consumer, whose data analytics platform connects consumers with retailers to help promote more ethical and sustainable business practices, has raised $2 million to fund a beachhead into the UK. More >>

OG Oil & Gas extends offer

Friday, 24 November 2017, 3:52 pm | BusinessDesk

Nov. 24 (BusinessDesk) - OG Oil & Gas has pushed out the closing date of its partial takeover bid for New Zealand Oil & Gas to Dec. 20 to allow time to obtain regulatory approvals. More >>

UC alumni are changing the world, one face at a time

Friday, 24 November 2017, 3:29 pm | University of Canterbury

A group of University of Canterbury (UC) alumni aiming to launch a game-changing cosmetics brand to benefit charity has blitzed its Kickstarter fundraising target. Aiming to use make-up to change the face of the world one face at a time, the company ... More >>

Emirates Group releases 2016/17 Annual Environmental Report

Friday, 24 November 2017, 3:23 pm | Emirates Group

The Emirates Group, comprising Emirates airline and dnata, today published its seventh annual Environmental Report which outlines the Group’s environmental performance for the financial year 2016-2017. More >>

International accolade for firm’s gender diversity

Friday, 24 November 2017, 3:17 pm | Minter Ellison Rudd Watts

International accolade for firm’s gender diversity leadership -- MinterEllisonRuddWatts commitment to greater gender diversity in the legal profession was celebrated at the Euromoney Legal Media Group Asia Women in Business Law Awards, held in Hong Kong ... More >>

Family Works Resolution Service Manager Wins Top Award

Friday, 24 November 2017, 3:11 pm | Family Works

Family Works Resolution Service Manager Timothy McMichael has been named Mediator of the Year at the prestigious New Zealand Law awards in Auckland. More >>

Air New Zealand lands country’s top governance award

Friday, 24 November 2017, 2:51 pm | Minter Ellison Rudd Watts

Congratulations to Air New Zealand, winner of the MinterEllisonRuddWatts Excellence in Governance Award announced at last night’s Deloitte Top 200 Awards gala dinner held at Spark Arena, Auckland. More >>

NZ structural log prices rise to 24-year high

Friday, 24 November 2017, 2:49 pm | BusinessDesk

Nov. 24 (BusinessDesk) - New Zealand structural log prices rose to the highest level in 24 years and A-grade export logs hit a record as local mills compete with the export market to secure supply for the domestic construction market amid strong demand ... More >>

NZ trade deficit widens in October

Friday, 24 November 2017, 2:48 pm | BusinessDesk

Nov. 24 (BusinessDesk) - New Zealand's monthly trade deficit widened in October as demand for imported mechanical machinery offset gains in the value of the country's export commodities with renewed appetite from Chinese buyers. More >>

NZ trade deficit widens in October

Friday, 24 November 2017, 2:40 pm | BusinessDesk

Nov. 24 (BusinessDesk) - New Zealand's monthly trade deficit widened in October as demand for imported mechanical machinery offset gains in the value of the country's export commodities with renewed appetite from Chinese buyers. More >>

Appeal against Hamilton real estate price fixing decision

Friday, 24 November 2017, 2:25 pm | Commerce Commission

The Commerce Commission intends to file a Notice of Appeal against the High Court’s decision to dismiss the Commission’s case against two real estate agencies and their directors for price fixing. More >>

International accolade for firm’s gender diversity

Friday, 24 November 2017, 2:21 pm | Minter Ellison Rudd Watts

MinterEllisonRuddWatts commitment to greater gender diversity in the legal profession was celebrated at the Euromoney Legal Media Group Asia Women in Business Law Awards, held in Hong Kong last night. More >>

Warehouse positing to survive the digital era

Friday, 24 November 2017, 2:17 pm | NZTA

Nov. 24 (BusinessDesk) - Only the fittest and most savvy retailers will survive the digital era and Warehouse Group is accelerating its transformation plan, chair Joan Withers and chief executive Nick Grayston said in notes for the annual general ... More >>

Australia emphasises relationship with NZ in trade plans

Friday, 24 November 2017, 2:08 pm | NZTA

Nov. 24 (BusinessDesk) - Australia has reiterated the importance of New Zealand to its foreign policy direction in its latest white paper, with particular emphasis on the role it sees New Zealand playing in its economic engagement with Pacific island ... More >>

Fullerton warned over sloppy anti-money laundering process

Friday, 24 November 2017, 1:52 pm | BusinessDesk

Nov. 24 (BusinessDesk) - The Financial Markets Authority has warned Fullerton Markets, a major sponsor for the local Hurricanes rugby team, over sub-standard anti-money laundering systems and threatened legal action may follow if the issues aren't fixed. More >>

Russell McVeagh's record year

Friday, 24 November 2017, 1:21 pm | Russell McVeagh

Winning 8 awards, the leading law firm has been recognised at last night's 2017 New Zealand Law Awards – winning Large Law Firm of the Year, Employer of Choice, Deal Team of the Year for the Corporate Advisory team, as well as five of six deal ... More >>

Alliance Group Doubles Earnings as Meat Prices Recover

Friday, 24 November 2017, 12:19 pm | BusinessDesk

Nov. 24 (BusinessDesk) - Alliance Group, the world's biggest sheepmeat exporter, doubled annual earnings as its sales rose 15 percent with a recovery in global meat prices, but wants to lift profitability further. More >>

NZ social enterprise raises $2m to fuel international growth

Friday, 24 November 2017, 12:14 pm | Conscious Consumers

New Zealand social enterprise raises $2m to fuel international growth. In one of the biggest capital raises for a social enterprise in New Zealand’s history, the ethical retailer champion Conscious Consumers has attracted $2 million of investment ... More >>

Spark Scoops up Multiple Awards in a Week of Winning

Friday, 24 November 2017, 12:13 pm | Spark NZ

This week Spark has collected six trophies at five different awards events, demonstrating how the company’s reputation has evolved, as it has repositioned from a traditional telco into a customer focused digital service business. More >>

Top firm wins five of six deals at national law awards

Friday, 24 November 2017, 12:06 pm | Minter Ellison Rudd Watts

MinterEllisonRuddWatts’ reputation for helping clients get the country’s most complex and technically challenging deals done was cemented at the New Zealand Law Awards last night. More >>

New OECD report ranks countries on digital technologies

Friday, 24 November 2017, 11:58 am | OECD

A new OECD report shows how Australia, New Zealand and other OECD countries are pushing ahead in developing new digital technologies, automating manufacturing and ensuring workers have the right skills for tomorrow’s jobs, as the digital transformation ... More >>

2degrees Wins Deloitte Most Improved Performance Award

Friday, 24 November 2017, 11:57 am | 2degrees Mobile

It was a proud night for 2degrees at the prestigious Deloitte Top 200 Awards last night, taking home the award for Most Improved Performance. More >>

NZ dollar climbs above 69 US cents for first time in week

Friday, 24 November 2017, 11:55 am | BusinessDesk

Nov. 24 (BusinessDesk) - The New Zealand dollar rose above 69 US cents for the first time in a week as traders digested the range of views in the latest Federal Reserve minutes that showed some policymakers unconvinced that inflation is rebounding. More >>

Farmer led project highlights innovative environmental work

Friday, 24 November 2017, 11:22 am | Federated Farmers

A North Canterbury river awarded as the country’s most improved- is testament to innovative environmental work undertaken by farmers and their community says Federated Farmers. More >>

Health insurance funds record level of care

Friday, 24 November 2017, 11:19 am | Health Funds Association of NZ

Health insurance paid out a record $321 million in claims for the September 2017 quarter, mainly due to an increase in lives covered and procedures funded, the Health Funds Association of New Zealand (HFANZ) said today. Announcing its latest statistics, ... More >>

Staff Investment Leads to Awards for Isaac Construction

Friday, 24 November 2017, 11:17 am | Connexis

November 24, 2017: A management decision to put its people at the centre of its business development has paid off for Christchurch’s Isaac Construction. More >>

New health and safety toolkit now available

Friday, 24 November 2017, 11:11 am | WorkSafe NZ

SafePlus, a new Government developed and endorsed health and safety toolkit, is now available to all New Zealand businesses, and is set to help lift the health and safety performance in workplaces across the country. More >>

Households Continue to Outspend Their Income

Friday, 24 November 2017, 11:05 am | Statistics New Zealand

An increase in household income in current prices was more than offset by higher spending, Stats NZ said today. More >>

National Industry Accounts: Year Ended March 2016

Friday, 24 November 2017, 11:04 am | Statistics New Zealand

This year's release delivers an extra year of data, resulting in more timely industry production and investment data up to 2016. More >>

General Government Finance Statistics: Year End June 2017

Friday, 24 November 2017, 11:02 am | Statistics New Zealand

Government Finance Statistics (General Government): Year ended June 2017 In the year ended June 2017: • General government net operating balance increased to a $8.3 billion surplus. • Total operating income increased 6.1 percent, led by an ... More >>

Monthly Imports Over $5B in October

Friday, 24 November 2017, 11:00 am | Statistics New Zealand

Imports hit a record $5.4 billion in October 2017, with increases across a wide range of commodities, Stats NZ said today. The previous high for any month was $5.0 billion in September 2014. More >>

While you were sleeping: US dollar weakens

Friday, 24 November 2017, 10:56 am | BusinessDesk

Nov. 24 (BusinessDesk) - European stocks were mixed while oil rose and the US dollar continued its decline as investors reassessed their expectations for the pace of Federal Reserve interest rate increases next year. More >>

ANZ Teams Up with Women’s Refuge

Friday, 24 November 2017, 10:44 am | ANZ Bank

ANZ is working with Women’s Refuge to help women achieve financial independence and escape domestic violence. More >>

Chatham Rise rock phosphate project will reduce emissions

Friday, 24 November 2017, 10:20 am | Chatham Rock Phosphate

WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP” and NZAX: “CRP” or the “Company") estimates that its process of recovering rock phosphate from offshore New Zealand will reduce annual carbon emissions by 76,000 tonnes compared ... More >>

FMA Issues Formal AML/CFT Warning to Fullerton Markets

Friday, 24 November 2017, 10:13 am | Financial Markets Authority

The Financial Markets Authority (FMA) has issued a formal warning to Fullerton Markets Limited (Fullerton) under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). More >>

Zespri wins top award for best growth strategy

Friday, 24 November 2017, 10:04 am | Zespri

Zespri was recognised last night in the 2017 Deloitte Top 200 Awards for its strong growth strategy, with the kiwifruit marketing company on track to more than double global sales to $4.5 billion by 2025. More >>

Insurance policy wins Plain English Award

Friday, 24 November 2017, 10:02 am | Tower Insurance

Tower Insurance is proud that its latest simple and easy House Insurance policy has won a Plain English Award. More >>

Agritech Programme Focusing on Digital Technologies

Friday, 24 November 2017, 9:59 am | Connex Auckland

Artificial intelligence, machine learning and smart data are major themes at next year’s MobileTECH 2018. This is one of New Zealand’s largest agritech events and will see technology leaders from throughout the agricultural, horticultural and ... More >>

Family Hatchback Reigns Supreme at Car of the Year Awards

Friday, 24 November 2017, 9:32 am | AMI Insurance

A family hatchback with a performance edge has beaten more expensive vehicles to be named Supreme Winner in the 2017 AMI Insurance New Zealand Autocar Car of the Year Awards. More >>

HiFX Morning Update, November 24, 2017

Friday, 24 November 2017, 8:33 am | HiFX

A quiet night in the financial markets as the US Banks were closed in observance of Thanksgiving Day. The NZDUSD has traded a 110 point or 1.6% range this week, with the Kiwi trending higher, all four days. More >>

2017 Deloitte Top 200 Business Awards Winners Announced

Thursday, 23 November 2017, 10:35 pm | Deloitte

2017 Deloitte Top 200 Business Awards Winners Announced 23 November 2017 – The winners of the 2017 Deloitte Top 200 Awards have been crowned – with the who’s who of the New Zealand business industry in attendance at the awards ceremony. The ... More >>

MARKET CLOSE: NZ shares fall, led by A2, Kathmandu

Thursday, 23 November 2017, 8:43 pm | BusinessDesk

Nov. 23 (BusinessDesk) - New Zealand shares fell, led by A2 Milk and Kathmandu Holdings while Ryman Healthcare and Stride Property Group gained following their results. More >>

Dollar gains as dovish Fed raises questions over rate hikes

Thursday, 23 November 2017, 8:19 pm | BusinessDesk

Nov. 23 (BusinessDesk) - The New Zealand dollar gained as markets pared back expectations for US rate hikes next year after minutes to the Federal Reserve's last meeting raised concerns stubbornly low inflation may persist. More >>

FMA stresses directors' role in ensuring audit quality

Thursday, 23 November 2017, 7:33 pm | BusinessDesk

Nov. 23 (BusinessDesk) - The Financial Markets Authority says the quality of audits in New Zealand is improving, although it wants more engagement from the business community. More >>

Banks lash out at RBNZ's proposed debt-to-income ratio tool

Thursday, 23 November 2017, 7:31 pm | BusinessDesk

Nov. 23 (BusinessDesk) - The proposed inclusion of a debt-to-income ratio tool in the Reserve Bank's toolkit was largely met with criticism in a series of submissions, with ANZ Bank New Zealand saying it is fundamentally flawed and Cooperative Bank ... More >>

GCSB's Cortex cyber defence seen saving $40M

Thursday, 23 November 2017, 7:22 pm | BusinessDesk

GCSB's Cortex cyber defence seen saving $40M from cost of cyber threats in 2017 More >>

Stretchsense's Call Option Agreement with Starttoday

Thursday, 23 November 2017, 6:51 pm | StretchSense

Stretchsense Negotiates Call Option Agreement with Starttoday AUCKLAND, NOVEMBER 23, 2017 — StretchSense Limited, New Zealand manufacturer of wearable sensing systems, today announced that it has completed negotiation for a call option agreement that ... More >>

Air NZ partners with Swiss travel platform on blockchain

Thursday, 23 November 2017, 5:23 pm | BusinessDesk

Nov. 23 (BusinessDesk) - Air New Zealand has announced a partnership with Swiss startup travel platform Winding Tree to explore the use of blockchain-based systems within its business. More >>

Major site access point for the Pūhoi to Warkworth opening

Thursday, 23 November 2017, 5:09 pm | Northern Express Group

A major new site access point for the Pūhoi to Warkworth motorway project, is about to be opened in time for the project’s first earthworks season. More >>

Tax Working Group should have an Agri-sector voice

Thursday, 23 November 2017, 4:59 pm | Federated Farmers

A new Tax Working Group should have primary sector representation says Federated Farmers. Sir Michael Cullen is to chair the Group from February next year and the Federation recommends that farming and fellow industry stakeholders get a voice. More >>

Health and Safety Has Not Improved Since Pike River

Thursday, 23 November 2017, 4:47 pm | Maintenance Engineering Society of New Zealand

Seven years after the Pike River disaster and after significant changes to legislation and regulations surrounding health and safety in the workplace, nothing has changed according to the Maintenance Engineering Society of New Zealand at their annual National ... More >>

Auckland set to reap more cruise benefits

Thursday, 23 November 2017, 4:42 pm | NZ Cruise Association

Auckland is well positioned to become a major cruise hub for the South Pacific after today’s decision to proceed with work to accommodate large cruise ships, the New Zealand Cruise Association says. NZCA is welcoming today’s Auckland Council decision ... More >>

Preliminary view to authorise collective bargaining

Thursday, 23 November 2017, 4:20 pm | Commerce Commission

The Commerce Commission has released its draft determination which would allow members of the Waikato - Bay of Plenty Chicken Growers Association Incorporated to collectively bargain with Inghams Enterprises (NZ) Pty Limited. More >>

Call to label added sugars overlooks science

Thursday, 23 November 2017, 4:13 pm | Food and Grocery Council

Call to label added sugars overlooks science, says industry Calls for extra sugar labelling to show the amount of ‘added sugars’ in a product rather than just total sugars overlooks the science of food and nutrition, says the NZ Food and Grocery ... More >>

 
 
 
 
 
 
 
 
 
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