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Latest Business Headlines

Solution to DHB financial deficits rests with Government

Saturday, 19 January 2019, 5:33 pm | ASMS

This was response to the published report that almost all DHBs were tracking towards financial deficits for the financial year ending 30 June from Ian Powell, Executive Director of the Association of Salaried Medical Specialists (ASMS). https://www.nzherald.co.nz/politics/news/article.cfm?c_id=280&objectid=12192429 More >>

General Council Chair appoints facilitator

Saturday, 19 January 2019, 11:05 am | World Trade Organisation

General Council Chair Junichi Ihara of Japan has appointed Amb. David Walker of New Zealand to assist him in working with WTO members to resolve differences on the urgent matter of the functioning of the organization’s Appellate Body. More >>

Stocks Roar On Hopes Of Trade Deal

Saturday, 19 January 2019, 10:55 am | ThinkMarkets

European markets and US futures are trading sharply higher today building on the optimism around the US-China trade talks. We have seen significant increase in the numbers of investors who have added risk assets in their portfolio on the back of ... More >>

Comments on Gold

Saturday, 19 January 2019, 10:54 am | ThinkMarkets

Gold price is moving lower today as investors are optimistic about the US-China trade deal despite the fact the Treasury has denied all the recent rumours. But the fact is that Washington and Beijing wants to make the deal now and it appears that they ... More >>

MARKET CLOSE: NZ shares follow Asian markets higher

Friday, 18 January 2019, 9:16 pm | BusinessDesk

MARKET CLOSE: NZ shares follow Asian markets higher on renewed hopes for China-US resolution More >>

Housing Ministry head hints he acted against Barclay

Friday, 18 January 2019, 9:15 pm | BusinessDesk

Jan. 18 (BusinessDesk) - Ministry of Housing and Urban Development chief executive Andrew Crisp has given the strongest indication yet that departed KiwiBuild unit head Stephen Barclay was the subject rather than the initiator of an employment dispute ... More >>

NZ dollar heading for 1% weekly slide as outlook weakens

Friday, 18 January 2019, 9:14 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The New Zealand dollar is headed for a 1 percent slide against its US counterpart this week as investors see improving prospects there but potential headwinds here. More >>

Currency frozen in multi-million dollar Cryptopia theft

Friday, 18 January 2019, 3:47 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The world’s largest cryptocurrency exchange says it has frozen some funds from hacked Christchurch digital assets exchange Cryptopia. More >>

Queenstown tops house price growth expectations

Friday, 18 January 2019, 2:47 pm | Colliers International

Queenstown has maintained its two-year reign at the top of New Zealand for house price growth expectations, beating all other centres for the ninth consecutive quarter. More >>

More renewables in Pacific-Via award-winning Infratec.

Friday, 18 January 2019, 2:44 pm | Infratec

Work has begun on the design of a renewable energy system for the Tuvalu Fisheries headquarters building in Funafuti, Tuvalu. More >>

Prime arable and grazing research station for sale

Friday, 18 January 2019, 2:41 pm | AgResearch

After 72 years of contributing to local and regional research, AgResearch’s grazing and arable Research Station at Winchmore, North-West of Ashburton is to be sold. More >>

An emerging rental crisis caused by macro-economic drivers

Friday, 18 January 2019, 2:22 pm | Mark Rais

The new tenancy law changes and investment tax proposals, although quite sound in their intention, may unwittingly combine with emerging negative macro-economic forces. More >>

NZ manufacturing activity hits highest level since April

Friday, 18 January 2019, 2:15 pm | BusinessDesk

Jan. 18 (BusinessDesk) - New Zealand's manufacturing activity hit its highest level since April in December and while activity in 2018 was weaker than it has been during the past two years, it was still above average. More >>

Experienced finance executive joins leadership team

Friday, 18 January 2019, 1:42 pm | Queenstown Airport

Queenstown Airport Corporation (QAC) has recently welcomed experienced finance executive Andrew Williamson as its new Chief Financial Officer and Company Secretary. More >>

Biggest snorers in New Zealand are petite women

Friday, 18 January 2019, 1:36 pm | Patney

If you think the gendered stereotype that males are your ‘typical’ snorer, think again, because Patney can reveal their latest survey data shows 61% of females are the snorers in their household. More >>

Real Groovy On the Move

Friday, 18 January 2019, 1:26 pm | Real Groovy

Real Groovy is moving from its home of the last three years at 369 Queen St, previously a Salvation Army Citadel, further up the hill to 520 Queen St. More >>

Tilt affirms guidance

Friday, 18 January 2019, 1:07 pm | BusinessDesk

Jan. 18 (BusinessDesk) - Tilt Renewables has left its full-year earnings guidance in place after December quarter production fell about 5 percent shy of long-term expectations. More >>

NZ dollar extends slide as Philly Fed lifts sentiment in US

Friday, 18 January 2019, 12:14 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The New Zealand dollar extended its decline as US investors looked for positive signs in their economy and European manufacturers prepared for the worst from the on-going Brexit impasse. More >>

Westpac to sponsor inaugural awards celebrating excellence

Friday, 18 January 2019, 11:16 am | Westpac New Zealand

Westpac NZ is proud to announce a three year partnership as platinum sponsor of the inaugural Rainbow Excellence Awards, which celebrate organisations that value inclusion and welcome sexual and gender diversity in the workplace. More >>

Lowest number of properties sold for December in 7 years

Friday, 18 January 2019, 10:01 am | REINZ

The 2018 year ended with a fizz rather than a bang, with the lowest number of residential properties sold for the month of December for 7 years, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete ... More >>

HiFX morning Update, January 18 2019

Friday, 18 January 2019, 9:52 am | HiFX

The Kiwi opens at 0.6764 More >>

Air New Zealand scores an unprecedented double at ‘Oscars'

Friday, 18 January 2019, 9:34 am | Air New Zealand

Air New Zealand is the first airline in the world to scoop two awards at the Air Transport World Airline Industry Awards. The awards, which areconsidered the ‘Oscars of the airline industry’, will be presented in New York in March. More >>

Jon Adams appointed to head Toll New Zealand

Thursday, 17 January 2019, 9:07 pm | Toll New Zealand

Toll Group today announced the appointment of experienced logistics executive Jon Adams to lead Toll New Zealand as Executive General Manager. More >>

Truck driver employees see similar issues as contractors

Thursday, 17 January 2019, 9:05 pm | First Union

In response to stories on long haul truck drivers sleeping at depots, not being able to eat or drink anything (because they don’t have time to go to the bathroom) and having to pee in bottles due to the pressure to meet ever-more tightening deadlines, ... More >>

MARKET CLOSE: NZ shares get further lift

Thursday, 17 January 2019, 9:03 pm | BusinessDesk

Jan. 17 (BusinessDesk) - New Zealand shares rose as sentiment continued to benefit from positive offshore leads. Genesis Energy, A2 Milk and Synlait Milk gained. More >>

NZ dollar extends decline amid mixed data

Thursday, 17 January 2019, 9:02 pm | BusinessDesk

Jan. 17 (BusinessDesk) - The New Zealand dollar weakened amid mixed signals on the local economy and as investors grow more positive on the prospects for a less-painful departure for the UK from the European Union. More >>

'Excessive' RBNZ bank capital proposals

Thursday, 17 January 2019, 9:01 pm | BusinessDesk

'Excessive' RBNZ bank capital proposals to add up to 1.25% to mortgage rates: UBS More >>

UFB uptake reaches 51% on Chorus networks

Thursday, 17 January 2019, 8:59 pm | BusinessDesk

Jan. 17 (BusinessDesk) - Growth in the uptake of ultra-fast broadband on the networks Chorus is installing slowed in the December quarter as more of the roll-out was completed. More >>

Kathmandu hires new leader for North America

Thursday, 17 January 2019, 3:48 pm | BusinessDesk

Jan. 17 (BusinessDesk) - Kathmandu Holdings has hired US clothing executive Amy Beck to run its North American business. More >>

Record second-half throughput for Marsden Point

Thursday, 17 January 2019, 3:17 pm | BusinessDesk

Jan. 17 (BusinessDesk) - Record throughput in the final six months of 2018 has helped the New Zealand Refining Company recoup some of the losses from its extended shutdown earlier in the year. More >>

EAT-Lancet report a good opportunity for New Zealand

Thursday, 17 January 2019, 2:11 pm | Beef And Lamb NZ

The EAT- Lancet Commission’s report on healthy diets from sustainable food systems highlights the importance of sustainable, grass-fed red meat produced in countries such as New Zealand. More >>

A Fresh Look for Haitaitai’s Families

Thursday, 17 January 2019, 2:05 pm | Haitaitai Family Barbers

After 15 years of operation, Basho Hair Design in Haitaitai Village has a fresh new look, having sold to a new owner and becoming ‘Haitaitai Family Barbers’. More >>

December house sales fall to seven-year low

Thursday, 17 January 2019, 1:09 pm | BusinessDesk

Jan. 17 (BusinessDesk) - The final month of the year saw the lowest number of residential properties sold in a December month in seven years, according to the latest data from the Real Estate Institute of New Zealand. More >>

The path into esports is now easier than ever before

Thursday, 17 January 2019, 12:26 pm | LPL

LPL has recently acquired CyberGamer.com. CG is a subscription-based website dedicated to competitive online gaming. It provides PC and console users with ladders, leagues and forums related to gaming and esports. More >>

NZ dollar eases as Brexit saga enters next phase

Thursday, 17 January 2019, 12:18 pm | BusinessDesk

The New Zealand dollar weakened as strong earnings in the US improved sentiment there and investors prepared for further delay in setting the terms for the UK’s departure from the European Union. More >>

New Zealand Women Directors In The Spotlight at Berlinale

Thursday, 17 January 2019, 11:10 am | New Zealand Film Commission

A record number of New Zealand women directors are among the filmmakers to have films selected for the 2019 Berlin Film Festival. More >>

Dairy cattle numbers dip again

Thursday, 17 January 2019, 10:52 am | Statistics New Zealand

The number of dairy cattle has dipped for the second year, while beef cattle numbers increased strongly in 2018, Stats NZ said today. More >>

Magnum Launches Its First Ever Vegan Ice Cream

Thursday, 17 January 2019, 10:16 am | MAGNUM

Expertly crafted for 100% pleasure, Magnum Dairy Free combines smooth velvety vanilla ice cream and thick cracking chocolate, providing Magnum’s signature cracking experience but all in a new vegan format. More >>

NZ company finalist in IOT World Cup

Thursday, 17 January 2019, 10:10 am | KotahiNet

KotahiNet has been named as one of 20 finalists for the 10th Innovation World Cup® Series. It is the only finalist outside of Europe and North America. The finalists were chosen from almost 500 submissions from all over the world. More >>

HiFX morning Update, January 17 2018

Thursday, 17 January 2019, 8:29 am | HiFX

The NZDUSD opens at 0.6786 (mid-rate) this morning. More >>

Leo Donnelly joins Chen Palmer Partners Auckland Office

Thursday, 17 January 2019, 8:13 am | Chen Palmer

Chen Palmer Partners is pleased to announce that Leo Donnelly has joined its Auckland office as a Special Counsel after previously working in the firm’s Wellington office last year. More >>

MARKET CLOSE: NZ stocks rise

Wednesday, 16 January 2019, 9:35 pm | BusinessDesk

Jan. 16 (BusinessDesk) - New Zealand shares rose, buoyed by steady gains in overseas market and a better than expected result from the latest dairy auction overnight. More >>

NZ dollar little changed amid ongoing Brexit uncertainty

Wednesday, 16 January 2019, 8:18 pm | BusinessDesk

Jan. 16 (BusinessDesk) - The New Zealand dollar is little changed after the British parliament defeated Prime Minister Theresa May’s Brexit plan by a historic 230 votes, leaving financial markets with continuing uncertainty as to how the situation ... More >>

NZ construction practice can withstand earthquakes

Wednesday, 16 January 2019, 7:32 pm | QuakeCoRE

( PR.co.nz ) A team of QuakeCoRE researchers have just completed a significant test of New Zealand building construction that shows new design methods will withstand future earthquakes without the damage observed during the Christchurch and Kaikoura ... More >>

2degrees appoints CFO Mark Aue as chief executive

Wednesday, 16 January 2019, 7:09 pm | BusinessDesk

Jan. 16 (BusinessDesk) - 2degrees has appointed chief financial officer Mark Aue as chief executive, replacing Stewart Sherriff who signalled in August that he wanted to step down after five years in the top job. More >>

New NZX rules to strip Vital Healthcare investors of rights

Wednesday, 16 January 2019, 7:07 pm | BusinessDesk

Jan. 16 (BusinessDesk) - New NZX listing rules which Vital Healthcare Property Trust’s manager is proposing to adopt from Friday will wipe out just about all the investor protections that an NZX listing normally provides. More >>

Westpac raises milk price forecast on strong GDT result

Wednesday, 16 January 2019, 7:06 pm | BusinessDesk

Jan. 16 (BusinessDesk) - A fourth straight increase in dairy auction prices has prompted Westpac to raise its price milk price forecast for the current season. More >>

Westfield Trading Hours – Auckland Anniversary Long Weekend

Wednesday, 16 January 2019, 5:26 pm | Scentre Group

Shoppers will have the opportunity to visit their local Westfield to shop, catch up with friends or enjoy the dining and entertainment on offer throughout the Auckland Anniversary long weekend, with Westfield centres in Auckland open on the public holiday ... More >>

Air Traffic Controllers Reach Out to Unpaid Colleagues

Wednesday, 16 January 2019, 4:54 pm | NZ Air Line Pilots' Association

As the US government shutdown nears the end of its third week, New Zealand’s Air Traffic Controllers were among the wider membership of the New Zealand Air Line Pilots’ Association (NZALPA) who reached out with messages of support to American colleagues ... More >>

UPDATE: Card spending fall suggests little Christmas cheer

Wednesday, 16 January 2019, 4:09 pm | BusinessDesk

Jan. 16 (BusinessDesk) - Retail spending using electronic cards over the key Christmas period suggests retailers found little to cheer about in the festive season. More >>

New Board Chair for Ngā Pae O Te Māramatanga

Wednesday, 16 January 2019, 4:01 pm | Nga Pae o te Maramatanga

Ngā Pae o te Māramatanga (NPM) is delighted to announce that Kerensa Johnston (Ngāti Tama, Ngāruahine, Te Atiawa, Ngāti Whāwhakia) has joined New Zealand's Māori Centre of Research Excellence as Board Chair in 2019. Kerensa brings with her a wealth ... More >>

Transpower signals tight electricity supply in mid-May

Wednesday, 16 January 2019, 3:56 pm | BusinessDesk

Jan. 16 (BusinessDesk) - Transpower is asking generators to avoid planning further maintenance work in May and June so that it can maintain a sufficient capacity buffer during peak winter demand. More >>

Card spending suggests little festive cheer for retailers

Wednesday, 16 January 2019, 2:33 pm | BusinessDesk

Jan. 16 (BusinessDesk) - Retail spending using electronic cards over the key Christmas period suggests retailers found little to cheer about in the festive season. More >>

150m Superyacht unloaded in Auckland

Wednesday, 16 January 2019, 2:31 pm | Asia Pacific Superyachts NZ

Asia Pacific Superyachts NZ’s managing director, Duthie Lidgard, was on hand for the 150m superyacht unloading from the yacht transport vessel at Auckland's North Wharf. More >>

Local youth given helping hand into workforce

Wednesday, 16 January 2019, 2:29 pm | Hell Pizza

After six weeks of paid training in the kitchen of HELL Botany Downs, local youth Josh Bradley (17) has graduated from HELL Pizza’s ‘Active in HELL’ programme – a scheme to support youths with intellectual disabilities and enhance their job ... More >>

Major Regulatory Changes Drive Interest in Summit

Wednesday, 16 January 2019, 2:28 pm | Financial Services Council

Over 700 financial advisers and industry specialists signed up to the 2019 Navigating Regulation Advice Summit over the holiday period. More >>

Sustainability Guru to address EMANZ Conference

Wednesday, 16 January 2019, 2:26 pm | Energy Management Association

EMANZ today announced internationally renowned sustainability expert, Bob Willard, will deliver a Keynote address at its 2019 Conference in May. More >>

Market activity set to bounce back

Wednesday, 16 January 2019, 2:25 pm | QV Valuations

There have been no dramatic changes to values over the past month, which is a likely result of the holiday season which generally sees less market buoyancy. At the same time, our qualified property consultants generally anticipate market activity to ... More >>

Small firms’ confidence lifts from 10-year low

Wednesday, 16 January 2019, 1:55 pm | ANZ Bank

Small firms’ business confidence lifted slightly in the December 2018 quarter following the September quarter’s 10-year low, according to ANZ’s quarterly Business Micro Scope. More >>

Govt's surplus runs ahead of forecast

Wednesday, 16 January 2019, 1:03 pm | BusinessDesk

Jan. 16 (BusinessDesk) - The government’s budget surplus for the five months ended November was running slightly ahead of forecast due to it collecting more tax and incurring fewer expenses than forecast. More >>