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Latest Business Headlines

NZ shares drop, Orion Health and Xero lead index lower

Tuesday, 27 September 2016, 5:32 pm | BusinessDesk

MARKET CLOSE: NZ shares drop, Orion Health and Xero lead index lower while Air NZ bounces More >>

New red meat marketing strategy tells farming story

Tuesday, 27 September 2016, 4:56 pm | Beef And Lamb NZ

The story of New Zealand farming and its farmers will be at the heart of Beef + Lamb New Zealand’s new market development strategy targeting new and emerging markets. More >>

Christchurch wins International Congress

Tuesday, 27 September 2016, 3:41 pm | Christchurch and Canterbury Convention Bureau

Christchurch, New Zealand will host the International Association of Bridge and Structural Engineering (IABSE) Congress in September 2020. More >>

74% share price slump 'a bit of an overreaction'

Tuesday, 27 September 2016, 2:53 pm | BusinessDesk

Sept. 27 (BusinessDesk) - Intueri Education Group chairman Chris Kelly says the market has had "a bit of an overreaction" to today's news that an Australian government audit of its subsidiaries across the Tasman could threaten the viability of the company, ... More >>

Innovative Twin Shower System Wins Supreme Design Award

Tuesday, 27 September 2016, 2:51 pm | Plastics New Zealand

Innovative Twin Shower System Wins Supreme Design Award Methven Limited was awarded the Supreme Award at the 2016 New Zealand Plastics Industry Design Awards Gala Dinner for their Aurajet AIO Twin Shower System. Methven have reinvented showering with ... More >>

David Clifton: A real estate legend

Tuesday, 27 September 2016, 2:24 pm | Harcourts

After almost 50 years in the real estate industry, one of Auckland’s most well-known and respected real estate personalities, David Clifton, is moving on. More >>

UPDATE: Hellaby shares climb 8.6%

Tuesday, 27 September 2016, 2:19 pm | BusinessDesk

Sept. 27 (BusinessDesk) - Hellaby Holdings shares climbed 8.6 percent to $3.29, just below the price offered by Australian-listed autoparts firm Bapcor's $322.5 million takeover bid. More >>

A window into the future at road transport sector conference

Tuesday, 27 September 2016, 2:06 pm | Road Transport Forum

“Globally, the road freight sector is on the cusp of a major technological revolution and one of our own is leading the charge,” says Road Transport Forum Chief Executive Ken Shirley. More >>

Pacific Business Trust appoints new Chief Executive Officer

Tuesday, 27 September 2016, 1:59 pm | Pacific Business Trust

The Pacific Business Trust (PBT) is pleased to announce the appointment of Kim Tuaine as its Chief Executive Officer. Of Cook Islands descent, Kim brings a strong background as a business owner in the legal sector to the position. More >>

Reliance on internet reflected in latest customer complaints

Tuesday, 27 September 2016, 1:43 pm | NZ Telecommunications Forum - TCF

Telecommunications services have become a key staple of modern life. As consumers, we expect fast, ubiquitous access to the internet that allows us to get on with our digitally-connected lives. More >>

Angel Association commends initiatives like AngelEquity

Tuesday, 27 September 2016, 1:42 pm | Angel Association

The Angel Association today welcomed the launch of AngelEquity, a new equity crowd-funding platform leveraging deals from New Zealand’s formal angel networks such as AngelHQ, Ice Angels and Enterprise Angels. “Early stage, high growth companies are always ... More >>

New $NZ 7million Compounding Pharmacy Facility Unveiled

Tuesday, 27 September 2016, 1:41 pm | Baxter

— The Prime Minister of New Zealand the Rt Hon, John Key MP, today officially opened Baxter Healthcare New Zealand’s (Baxter) new $NZ 7million aseptic compounding pharmacy in Mount Wellington. This new industry leading pharmacy will help secure the critical ... More >>

Vodafone responds to consumer issues with enhanced customer

Tuesday, 27 September 2016, 1:23 pm | Vodafone NZ

The Commerce Commission today released its Consumer Issues 2016 paper, detailing information about complaints received in 2015. More >>

Tauranga angel network launches new crowdfunding platform

Tuesday, 27 September 2016, 1:06 pm | BusinessDesk

Tauranga's Enterprise Angels network of investors in early stage companies has launched a new crowdfunding platform to make it easier for sophisticated investors to access those opportunities. More >>

Australian expert to say Warminger trades didn't breach law

Tuesday, 27 September 2016, 1:05 pm | BusinessDesk

Sept. 27 (BusinessDesk) - An Australian expert in market manipulation will give evidence that none of the trades identified by the Financial Markets Authority in its case against Milford Asset Management portfolio manager Mark Warminger created a false ... More >>

BAPCOR takeover offer for Hellaby

Tuesday, 27 September 2016, 12:58 pm | Bapcor Limited

27 September 2016: Bapcor Finance Pty Limited, a wholly owned subsidiary of listed Australian automotive aftermarket parts business, Bapcor Limited (ASX:BAP), has given notice of its intention to make a takeover offer for 100% of the fully paid shares ... More >>

Sigmund to kit out Canterbury United

Tuesday, 27 September 2016, 12:31 pm | Mainland Football

Auckland-based teamwear retailer Kitman, has signed a 3-year deal to provide NIKE apparel to Mainland Football, and its elite mens and womens teams – The Dragons and Pride. More >>

Collaboration between NZ companies in Asia hugely important

Tuesday, 27 September 2016, 12:26 pm | Food and Grocery Council

Collaboration between New Zealand companies working in the export markets of Asia is hugely important, says Prolife Foods CEO Andrew Smith. More >>

Latest Newmarket results augurs well

Tuesday, 27 September 2016, 12:23 pm | Newmarket Business Association

The Newmarket precinct has delivered yet another solid year of trading with results released from the Newmarket Business Association reinforcing its status as a premier fashion, shopping and entertainment destination. More >>

Conference to boost New Zealand’s cyber security

Tuesday, 27 September 2016, 12:09 pm | UNITEC

From personal activity trackers to drone pizza deliveries, driverless cars and smart home heating, lighting and power systems: our mundane life is giving way to a virtual control. So how savvy are we about cyber security in this interconnected world? More >>

Feds says it’s simple: comply with the law

Tuesday, 27 September 2016, 12:07 pm | Federated Farmers

Farmers are urged to commit to getting employee records and contracts right after large fines were issued during a Labour Inspectorate investigation into a Taranaki dairy farm. More >>

Middle Earth Becomes Electric

Tuesday, 27 September 2016, 11:55 am | BMW

BMW supports Charge Net NZ to connect New Zealand on ‘Electric Highway’ BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis ... More >>

Commission releases 2016 Consumer Issues Report

Tuesday, 27 September 2016, 11:50 am | Commerce Commission

The Commerce Commission has released its 2016 Consumer Issues Report, presenting a picture of issues affecting New Zealand consumers. More >>

Neil Quigley to chair RBNZ's board of directors

Tuesday, 27 September 2016, 11:23 am | BusinessDesk

Sept. 27 (BusinessDesk) - Neil Quigley has been elected chair of the Reserve Bank's board of directors, replacing Rod Carr who is leaving early. More >>

Thomson Reuters Launches D&I Index

Tuesday, 27 September 2016, 11:20 am | Thomson Reuters

First-of-its-kind D&I Index measures relative performance against multiple factors that define diverse and inclusive workplaces More >>

Taranaki's Vintage Farms to pay at least $87,000

Tuesday, 27 September 2016, 11:00 am | BusinessDesk

Sept. 27 (BusinessDesk) - Vintage Farm Trust, which operates two dairy farms in Taranaki, has been ordered to pay at least $87,000 for employment law breaches including paying workers below the minimum wage and failing to keep records. More >>

Maximise Revenue by Keeping up Production, Says Pioneer

Tuesday, 27 September 2016, 10:31 am | Pioneer

Fonterra’s payout lift to $5.25/kgMS is great news for local farmers but management over the next few months will be critical to ensure business profitability is maximised, says Ian Williams, Forage & Farm Systems Specialist for Pioneer® brand products. More >>

Intueri shares slump 87% on Australian audit

Tuesday, 27 September 2016, 10:31 am | BusinessDesk

Sept. 27 (BusinessDesk) - Intueri Education Group shares slumped 87 percent after the company said there was a risk that an Australian government audit of its subsidiaries across the Tasman could threaten the viability of the company. More >>

Farmer to pay $87,000 for serious employment law breaches

Tuesday, 27 September 2016, 10:29 am | Ministry of Business Innovation and Employment

A Taranaki dairy farm will pay at least $87,000 for serious employment law breaches following a Labour Inspectorate investigation, including $64,000 in arrears, and a $23,000 penalty issued by the Employment Relations Authority (ERA). More >>

Bapcor mounts $322.5 mln takeover bid for Hellaby

Tuesday, 27 September 2016, 10:12 am | BusinessDesk

Sept. 27 (BusinessDesk) - ASX-listed autoparts firm Bapcor has mounted a $322.5 million takeover bid for NZX-listed Hellaby Holdings as it looks to extend its reach into New Zealand's local auto market. More >>

Newmarket Business Association announces new board at AGM

Tuesday, 27 September 2016, 10:03 am | Newmarket Business Association

Newmarket Business Association (NBA) held its Annual General Meeting on Wednesday 14 September at Mini Garage on Broadway. A diverse cross section of Newmarket business representatives were in attendance. More >>

Neil Quigley new Chair of Reserve Bank Board

Tuesday, 27 September 2016, 9:58 am | Reserve Bank

Professor Neil Quigley has been elected Chair of the Reserve Bank's Board of Directors, replacing Dr Rod Carr. Ms Kerrin Vautier has been appointed as Deputy Chair. More >>

Hutt Valley business confidence positive

Tuesday, 27 September 2016, 9:14 am | Hutt Valley Chamber of Commerce

Hutt Valley business confidence in New Zealand’s economy has significantly improved according to the latest Hutt Valley Chamber of Commerce Business Confidence Survey, sponsored by Red Hot Business Coaching. More >>

HiFX Morning Update, September 27 2016

Tuesday, 27 September 2016, 8:57 am | HiFX

The NZDUSD opens at 0.7272 (mid-rate) this morning. The NZD along with the JPY have been the best performing currencies over the past 24hrs. The NZD shrugged off yesterdays disappointing trade balance and has started to retrace some of its fall, following ... More >>

NZ dollar gains as Kiwi story shines ahead of US debate

Tuesday, 27 September 2016, 8:55 am | BusinessDesk

Sept. 27 (BusinessDesk) - The New Zealand dollar rose as the nation's relatively robust economy and relatively high interest rates made it a standout as risk appetite abates ahead of today's US presidential debate. More >>

Trilogy director Sigaloff sitting on $664,000 'paper profit'

Tuesday, 27 September 2016, 8:53 am | BusinessDesk

Sept. 27 (BusinessDesk) - Trilogy International independent director Mandy Sigaloff is sitting on a paper profit of $664,000 after she exercised share options granted prior to her appointment in 2013. More >>

While you were sleeping: Stocks slide before debate

Tuesday, 27 September 2016, 8:51 am | BusinessDesk

Sept. 27 (BusinessDesk) - Wall Street fell ahead of the first US presidential debate between candidates Hillary Clinton and Donald Trump. More >>

Scale trimmed in new plan for Wellington's Johnsonville Mall

Tuesday, 27 September 2016, 8:49 am | BusinessDesk

Sept. 26 (BusinessDesk) - Stride Property Group, the NZX-listed property investor, has sought resource consent to redevelop the Johnsonville Shopping Centre in Wellington's northern suburbs. More >>

MARKET CLOSE: NZ shares drop, led by Ebos, Tower and A2 Milk

Tuesday, 27 September 2016, 8:46 am | BusinessDesk

Sept. 26 (BusinessDesk) - New Zealand shares fell in light trading, with Ebos Group, Tower and A2 Milk leading the index lower. More >>

While you were sleeping: Stocks slide before debate

Tuesday, 27 September 2016, 8:38 am | BusinessDesk

Sept. 27 (BusinessDesk) - Wall Street fell ahead of the first US presidential debate between candidates Hillary Clinton and Donald Trump. More >>

Stalled TPP 'biggest concern' in growing protectionism - Key

Monday, 26 September 2016, 5:39 pm | BusinessDesk

Failure to ratify the Trans-Pacific Partnership could trigger a growing tide of protectionist trade policies around the world, Prime Minister John Key has warned. More >>

Research highlights Auckland’s thriving innovation ecosystem

Monday, 26 September 2016, 4:35 pm | ATEED

A new whitepaper released today by global real estate firm JLL shows how the evolution of Auckland’s innovation spaces is changing the shape of commercial real estate More >>

Important security information for Xtra e-mail customers

Monday, 26 September 2016, 4:22 pm | Spark NZ

Yahoo announced late last week that a copy of some of its user account information was stolen from the company’s global network back in November 2014. Yahoo has since confirmed that information from some of Spark’s Xtra customers is included in the ... More >>

YHA Global Winners of Environmental Award

Monday, 26 September 2016, 4:12 pm | YHA NZ

New Zealand: YHA New Zealand is the global winner of the Green Accommodation Initiative for the WYSE Global Youth Travel Awards 2016. The awards celebrate outstanding performers within the international youth, student and educational travel industry and act as ... More >>

Diversity of NZ wine rewarded at international competition

Monday, 26 September 2016, 4:05 pm | New Zealand Winegrowers

Results released today by one of the world’s most prestigious wine competitions are a testament to the rising quality and diversity of New Zealand wines. New Zealand wines beat entries from around the world to win the top Pinot Noir and Sauvignon ... More >>

Pyne Gould, Bath Street agree to drop High Court claims

Monday, 26 September 2016, 3:40 pm | BusinessDesk

Sept. 26 (BusinessDesk) - Pyne Gould Corp and Bath Street Capital won't go to court over what's owed in relation to Pyne Gould's sale of Perpetual Trust. More >>

Auckland property investor lending tumbles 18%

Monday, 26 September 2016, 3:38 pm | BusinessDesk

Sept. 26 (BusinessDesk) - Lending to property investors buying homes in Auckland fell 18 percent in August after the Reserve Bank imposed new lending restrictions in July. More >>

Indulge your wishlist with justONE & Fly Buys

Monday, 26 September 2016, 3:33 pm | One Plus One

Fly Buys is on a mission to help Kiwis get even more out of their rewards programme, with a neat new email approach developed with 1-1 and digital specialist agency, justONE. More >>

Milford fund manager faces 10 causes of action

Monday, 26 September 2016, 2:46 pm | BusinessDesk

Sept. 26 (BusinessDesk) - “Market manipulation strikes at the heart of the pricing system on which all investors rely”, said Justin Smith QC, counsel for the Financial Markets Authority, at the start of the country’s first such case to go to trial. More >>

CMC Markets National University Trading Challenge

Monday, 26 September 2016, 2:31 pm | CMC Markets

University of Auckland Engineering student, Jmin Joon has scooped up first place at the CMC Markets National University Trading Challenge. More >>

Energy Mad warns sales may drop

Monday, 26 September 2016, 2:11 pm | BusinessDesk

Sept. 26 (BusinessDesk) - Energy Mad has warned lower prices for carbon dioxide offsetting certificates in Australia mean its sales volumes are likely to drop. More >>

Auckland Airport recognises retail excellence

Monday, 26 September 2016, 2:06 pm | Auckland Airport

For the past six years Auckland Airport has held its annual retail awards which recognise retail excellence in everything from customer experience to product development, sales performance, marketing and business innovation. “The airport is committed ... More >>

Lane Neave recognised with award nominations

Monday, 26 September 2016, 2:01 pm | Lane Neave

Lane Neave has been chosen as a finalist in two categories at the upcoming New Zealand Law Awards. More >>

European milk output falls, Fonterra says

Monday, 26 September 2016, 1:37 pm | BusinessDesk

Sept. 26 (BusinessDesk) - European farmers scaled back their milk production in June, the first time they've done so since March 2015, Fonterra Cooperative Group says. More >>

Dawn of a New Era

Monday, 26 September 2016, 1:17 pm | India Trade Alliance

The first NZ India Business Women Conclave concluded with the signing of a Memorandum of Understanding between India Trade Alliance and FICCI FLO and an understanding to build on the business networks formed during the historic and first ever NZ India ... More >>

20 Years of Sustainable Land and Water Management

Monday, 26 September 2016, 12:24 pm | Landcare Trust

NZ Landcare Trust is proud to announce its 20th Anniversary today, and to mark the occasion reveals the results of a recent national survey. When it comes to sustainable land and water management NZ Landcare Trust has been the quiet achiever - a typical ... More >>

Award-winning stables now available for functions

Monday, 26 September 2016, 11:53 am | Alexandra Park

The stables complex at Alexandra Park boasts a national award for architecture and was widely celebrated as a notable building when it opened in 1990. Since then it has served its purpose well and is a hive of activity most Friday nights for the ... More >>

NZ monthly trade deficit widest in 2 years

Monday, 26 September 2016, 11:40 am | BusinessDesk

Sept. 26 (BusinessDesk) - New Zealand's trade deficit widened to the biggest monthly gap since September 2014 as dairy and meat exports slumped in August. More >>

Award-winning stables now available for functions

Monday, 26 September 2016, 11:31 am | Alexandra Park

The stables complex at Alexandra Park boasts a national award for architecture and was widely celebrated as a notable building when it opened in 1990. Since then it has served its purpose well and is a hive of activity most Friday nights for the ... More >>

Wireless headphones pay off for pioneering tech company

Monday, 26 September 2016, 11:26 am | Jaybird

Disrupting and challenging the market has been key to Australian businessman Judd Armstrong’s ability to turn a start-up into one of the world’s largest sellers of sport headphones. More >>

 

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