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Latest Business Headlines

Greens elect James Shaw as new male co-leader

Saturday, 30 May 2015, 3:59 pm | BusinessDesk

May 30 (BusinessDesk) - First term Member of Parliament James Shaw has snatched the male co-leadership of the Green Party, beating out veteran MP Kevin Hague for the post and saying he believed the Green Party could attract support from people who ... More >>

Ballance farewells Warwick de Vere after 45 years

Friday, 29 May 2015, 8:45 pm | Ballance Agri-Nutrients

Fertiliser industry stalwart, Warwick de Vere will leave Ballance Agri-Nutrients Mount Maunganui site for the last time on today [29 May], closing the door on a 45-year career with the co-operative. More >>

Treble Cone Partners with Resorts of the Canadian Rockies

Friday, 29 May 2015, 8:30 pm | TrebleCone

Treble Cone (Wanaka New Zealand) is excited to announce a marketing and reciprocal partnership with Resorts of the Canadian Rockies who operate Kicking Horse, Fernie and Kimberley amongst other areas. The crux of the partnership will be around providing ... More >>

Coastlands Attracts Another National Retail Chain

Friday, 29 May 2015, 8:08 pm | The Perfect Angle

With the recent announcement that a major food court expansion is underway, Coastlands has confirmed they have secured a new high profile tenant, with New Zealand’s largest specialist lighting retailer expected to open its doors on 13 July. More >>

Music website trader guilty of fraud

Friday, 29 May 2015, 7:17 pm | Commerce Commission

Online musical instrument store owner Andrew Marquet Taylor has been sentenced to 9 months home detention, ordered to pay more than $91,000 in compensation and fines in the Auckland District Court yesterday. Mr Taylor was also banned from using the ... More >>

MARKET CLOSE: NZ shares rise led by F&P Healthcare, Nuplex

Friday, 29 May 2015, 5:44 pm | BusinessDesk

May 29 (BusinessDesk) - New Zealand shares rose, led by Fisher & Paykel Healthcare after its annual results beat forecasts. Nuplex Industries extended recent gains. More >>

NZ dollar heads for 2.4% weekly drop

Friday, 29 May 2015, 5:38 pm | BusinessDesk

NZ dollar heads for 2.4% weekly drop as Fed eyes rate hikes, questions loom over local economy More >>

RBNZ will target property investment lending

Friday, 29 May 2015, 5:21 pm | BusinessDesk

May 29 (BusinessDesk) - The Reserve Bank of New Zealand is pressing ahead with proposals to create a new asset class for lenders, which will let it target Auckland property investors as a means to take the heat out of the market in the country's biggest ... More >>

NZ wool prices hold at elevated levels as volumes decline

Friday, 29 May 2015, 5:17 pm | BusinessDesk

May 29 (BusinessDesk) - New Zealand wool prices remained elevated at auction this week, with lamb wool touching a fresh four-year high, as less wool was offered for sale. More >>

Vet Club Merger Confirmed

Friday, 29 May 2015, 4:00 pm | Anexa Animal Health

A merger between two of North Island’s Veterinary Clubs has been confirmed. Effective 1st of June, Anexa Animal Health and Farmers Vet Club (FVC Veterinary Services) will operate as one practice called Anexa FVC. More >>

SeaDragon annual sales double

Friday, 29 May 2015, 3:59 pm | SeaDragon

SeaDragon (NZX.SEA), New Zealand’s largest refiner and blender of high quality, fish oils and fractions, including Omega 3 oils, today reports financial results in line with its March forecasts and continued progress on the development of its ... More >>

How to form a company in NZ yourself for only $160.22

Friday, 29 May 2015, 3:58 pm |

Starting out in business? Rather than spend money with your lawyer or accountant on forming a company, do it yourself online for only $160.22. More >>

How To File An Annual Return With The Companies Office

Friday, 29 May 2015, 3:57 pm |

Accountants and lawyers charge you fees to file annual returns with the Companies Office that many company owners can do themselves for nothing. More >>

SeaDragon sinks into the red on rising factory cost

Friday, 29 May 2015, 3:37 pm | BusinessDesk

May 29 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, sank into the red in the latest financial year as ballooning costs for its Omega-3 fish oil refinery offset sales that more than doubled. More >>

Smartpay profit falls as Aussie customer quits on cab deal

Friday, 29 May 2015, 3:34 pm | BusinessDesk

Smartpay profit falls 9.5% as foray into Aussie cab market costs it major contract More >>

CPA Australia takes defamation action against rival NZ body

Friday, 29 May 2015, 3:28 pm | BusinessDesk

May 29 (BusinessDesk) - CPA Australia is taking defamation action against The New Zealand Institute of Chartered Accountants, alleging its rival made false and defamatory statements, alleging "inferior" education standards, lack of global affiliations, ... More >>

Red Bus drivers use world-leading virtual reality

Friday, 29 May 2015, 3:19 pm | Red Bus

Red Bus drivers have been training on world-leading virtual reality technology to prepare them ahead of using the new Christchurch Bus Interchange. More >>

TrustUs NZ opens up accessibility for families

Friday, 29 May 2015, 3:14 pm | TrustUs

Recently launched to the market, TrustUs New Zealand, has developed an easy online way to protect kiwi families from the lure of the free or low cost Will. Bringing to the market a way to set up better estate planning solutions that protect you and ... More >>

Drivers use world-leading virtual reality driving simulator

Friday, 29 May 2015, 3:04 pm | PerceptionPR

Red Bus drivers have been training on world-leading virtual reality technology to prepare them ahead of using the new Christchurch Bus Interchange. More >>

Hunters Plaza gets ready to wow

Friday, 29 May 2015, 2:46 pm | Hunters Plaza

Hunters Plaza first opened in Papatoetoe in 1991, and almost 25 years later it is still a vital part of the Papatoetoe community, a multi-million dollar investment in redeveloping Hunters Plaza will see the Centre transformed into to a more vibrant ... More >>

Dorchester Property investors vote bid to dump manager

Friday, 29 May 2015, 2:41 pm | BusinessDesk

May 29 (BusinessDesk) - Unitholders in the Dorchester Property Trust have rejected a resolution from one of the investors to dump the manager of the hotel investor which was spun out five years ago from the financier and insurer formerly known as ... More >>

Innovation promises new online privacy technology

Friday, 29 May 2015, 2:17 pm | DART Privacy

The Wellington-based DART Privacy Project announces that it has successfully developed a new Internet privacy technology (“DART”) which revolutionises privacy on the Internet. DART technology protects online content from interception and cloud server ... More >>

HiFX - Data Update

Friday, 29 May 2015, 2:09 pm | HiFX

The ANZ Business Confidence & Own Activity figures for May have just been released. They came in worse compared with the prior month. More >>

Acer Showcases Latest Products at Computex 2015 in Taipei

Friday, 29 May 2015, 1:47 pm | Boyd PR

Acer will showcase refreshes across its comprehensive line of 1- to 100- inch devices at Computex Taipei, alongside the latest products announced at the next@acer global press conference held in New York last month. Visitors will discover solutions that ... More >>

NZ business confidence falls to lowest level since September

Friday, 29 May 2015, 1:41 pm | BusinessDesk

May 29 (BusinessDesk) - New Zealand business confidence slid to its lowest level since the general election last year as optimism about the economy waned and inflation expectations fell to a historic low. More >>

Scanning and tracking stock is key for Gypsy Day moves

Friday, 29 May 2015, 1:23 pm | Crowe Horwath

The key risk for farmers during this year’s June 1st Gypsy Day is ensuring that stock are accurately identified and tracked, says Michael Lee, Principal with Crowe Horwath in Invercargill. More >>

Caniwi snaps up another Wellington student apartment complex

Friday, 29 May 2015, 1:15 pm | BusinessDesk

May 29 (BusinessDesk) - Wellington-based investment firm Caniwi Capital has paid $33.3 million to acquire a newly refurbished Victoria University student accommodation block formerly housing ANZ Bank operations in the Wellington central business district. More >>

Fitbit philosophy for Business Buddy

Friday, 29 May 2015, 1:11 pm | Business Buddy

What possesses someone to wear a device that tells them how many steps they’ve knocked off and how many calories they’ve burned in a day seems beyond many people. More >>

Powerco's annual profit falls 20% as it pays more tax

Friday, 29 May 2015, 12:45 pm | BusinessDesk

May 29 (BusinessDesk) - Powerco, the energy lines company, reported a 20 percent drop in annual profit as it paid more tax and didn't realise gains on financial instruments. More >>

UPDATE: F&P Healthcare says earnings will increase this year

Friday, 29 May 2015, 12:42 pm | BusinessDesk

May 29 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit and said earnings would rise further in the coming year. More >>

UPDATE: F&P Healthcare says earnings will increase this year

Friday, 29 May 2015, 12:42 pm | BusinessDesk

May 29 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit and said earnings would rise further in the coming year. More >>

Carrello del Gelato wins awards

Friday, 29 May 2015, 12:34 pm | Carrello de Gelato

CARRELLO DEL GELATO WINS ELEVEN ICE CREAM AWARDS INCLUDING BEST IN CATEGORY FOR ITS RASPBERRY SORBET Last night, Wellington-based premium gelato producer ‘Carrello del Gelato’ won eleven awards for its gelato and sorbet and Best in Category, Best ... More >>

Sealegs FY loss widens on restructuring costs, impairments

Friday, 29 May 2015, 12:00 pm | BusinessDesk

May 29 (BusinessDesk) - Sealegs Corp, the amphibious vehicle maker whose founder had to step in fill the vacant chief executive position last November, reported a wider annual loss in the latest financial year as an overhaul of the business resulted ... More >>

Promapp Goes Global as Kiwi Software Company Opens US office

Friday, 29 May 2015, 11:56 am | Promapp

Auckland, 29 May 2015 - With the opening of its first office in the United States, New Zealand-owned and operated company Promapp is putting global ambitions into practice and taking its locally developed process mapping software to the world. The company’s ... More >>

NZ building consents fall in April, apartment permits soar

Friday, 29 May 2015, 11:52 am | BusinessDesk

May 29 (BusinessDesk) - New Zealand building consents fell in April, after the previous month's strong gain, as intentions to build houses decreased, while apartment permits climbed on the back of demand in Auckland for affordable housing. More >>

Hotel Industry Awards – finalists announced

Friday, 29 May 2015, 11:49 am | Tourism Industry Association New Zealand

After a record number of entries and a rigorous judging process, the finalists have been announced in the 2015 New Zealand Hotel Industry Awards. More >>

Auckland has no choice but to face its infrastructure woes

Friday, 29 May 2015, 11:44 am | PropertyNZ

Property Council supports the Prime Minister’s views on Auckland’s housing and infrastructure aired at a Property Council event this morning. More >>

New Chairman Appointed to Lead Camp Quality New Zealand

Friday, 29 May 2015, 11:36 am | Camp Quality New Zealand

29 May 2015: Long-time Otago/Southland resident, Wayne Collie, has been appointed as the new chairman of Camp Quality New Zealand (CQNZ). More >>

CORRECT: Auditor-General probes former SFO boss Feeley

Friday, 29 May 2015, 11:27 am | BusinessDesk

CORRECT: Auditor-General probes former SFO boss Feeley over family interests in Queenstown housing accord More >>

Legendary Kiwi pleasure boat manufacture lures investors

Friday, 29 May 2015, 11:25 am | Bayleys

One of New Zealand’s most successful home-grown marine industry companies has been placed on the market for sale. More >>

Auditor-General probes former SFO boss's housing accord link

Friday, 29 May 2015, 11:16 am | BusinessDesk

May 29 (BusinessDesk) - Auditor-General Lyn Provost has launched an inquiry into how Queensland Lakes District Council and its chief executive, former Serious Fraud office boss Adam Feeley, managed his interest in family-owned land being considered ... More >>

Hellaby sells packaging division to Coveris for about $30M

Friday, 29 May 2015, 11:16 am | BusinessDesk

May 29 (BusinessDesk) - Hellaby Holdings, the NZX-listed diversified investment company, has sold its packaging division to Coveris, one of the world’s largest plastic packaging and coatings companies. More >>

Changing consumer habits lead to retail exodus in Tauranga

Friday, 29 May 2015, 11:15 am | Bayley's Real Estate

Changing consumer habits lead to retail exodus in Tauranga’s CBD It’s a case of ‘swings and roundabouts’ for Tauranga’s retail sector - with suburban shopping precincts booming while the central business district is in decline, according to ... More >>

Cooperative Bank lifts annual profit 24% on expanding loans

Friday, 29 May 2015, 11:08 am | BusinessDesk

May 29 (BusinessDesk) - The Cooperative Bank, formerly known as PSIS, lifted annual profit 24 percent for a second year as it continued to expand its loan book, reduce bad debts, and fatten margins. More >>

Rural Business Network Hub launches in Northland

Friday, 29 May 2015, 11:06 am | Young Farmers

Rural business professionals in Northland will have an opportunity to develop their businesses and strengthen their networks with the launch of the Northland Rural Business Network Hub on June 16. Whangarei will host the inaugural event on Tuesday June 16 ... More >>

Suzuki Tops Satisfaction Rating

Friday, 29 May 2015, 11:05 am | Suzuki

Owners of Suzuki cars are the most satisfied motorists in New Zealand for the second successive year, according to a nationwide survey by Canstar Blue New Zealand. More >>

Apartments rise in Auckland

Friday, 29 May 2015, 11:01 am | Statistics New Zealand

Apartment consents reached a seven-year high in April 2015, Statistics New Zealand said today. More >>

IkeGPS expects to perform to prospectus in 2016

Friday, 29 May 2015, 11:00 am | BusinessDesk

May 29 (BusinessDesk) - IkeGPS, the laser measurement tool developer, expects to meet its prospectus forecasts in 2016, despite under-performing on sales and running a month late on its new product rollout in the year ended March 31. More >>

Resolutions at RaySearch Laboratories AGM

Friday, 29 May 2015, 10:59 am | RaySearch Laboratories

At the Annual General Meeting of RaySearch Laboratories AB (publ) held on 28 May, 2015, the following resolutions were adopted: More >>

Swede survey results show multiple factors to manage

Friday, 29 May 2015, 10:42 am | DairyNZ

Industry body DairyNZ is advising farmers to focus on managing a number of factors involved in feeding swedes this season, including the proportion of swede that makes up the diet of their cows. More >>

Hellaby sells Packaging division

Friday, 29 May 2015, 10:40 am | Hellaby Holdings

Investment company Hellaby Holdings Limited (‘Hellaby’) announced that it has today divested its Packaging division to Coveris, one of the world’s largest plastics packaging and coatings companies. More >>

James Cook Hotel Grand Chancellor a Gold Award Finalist

Friday, 29 May 2015, 10:36 am | James Cook Hotel

James Cook Hotel Grand Chancellor was last night named a finalist in the 2015 Wellington Gold Awards, under the Green Gold category. More >>

GoldMoney customers find reasons to buy

Friday, 29 May 2015, 10:31 am | GoldMoney

GoldMoney customers have been bucking the general market trend and buying up the yellow metal this week. More >>

New Era for the Breeze

Friday, 29 May 2015, 10:29 am | Mediaworks

New Era for the Breeze – Robert Scott Moves to Drive, Robert Rakete And Anna Thomas to Host Breakfast The Breeze has named Robert Scott as the new host of the station’s nationwide Drive show, starting on Monday, 8 June. He replaces Mark Leishman, who ... More >>

Freeing of Council-owned land sees more affordable housing

Friday, 29 May 2015, 10:22 am | Bayleys Realty Group

A new housing development in the heart of Avondale is set to offer more affordable homes in the area and add significantly to the ongoing regeneration of the Western Auckland suburb. More >>

Veritas slashes profit guidance by 19% as Nosh stalls

Friday, 29 May 2015, 10:21 am | BusinessDesk

May 29 (BusinessDesk) - Veritas Investments, the food and beverage investor, has slashed its full year profit guidance 19 percent, blaming a slower than expected turnaround in its gourmet supermarket chain, Nosh Food Market, and tighter drink-driving ... More >>

AMP announces $1,000 ‘future booster’ KiwiSaver prize

Friday, 29 May 2015, 10:17 am | AMP

Missed out on the Government $1,000 KiwiSaver kickstart? AMP announces $1,000 ‘future booster’ KiwiSaver daily prize draw Leading life insurer and retirement savings provider, AMP, has today announced that it will offer new customers who sign up to ... More >>

Opus finalist for Gold Award

Friday, 29 May 2015, 10:12 am | Opus

Opus International Consultants (Opus) has been confirmed as an ACC Workplace Safety Award finalist for their health and safety practices and programmes at the Wellington Gold Awards. The finalists were announced on Thursday 28 May. More >>

Bioenergy Association and EECA collaborate

Friday, 29 May 2015, 10:05 am | Bioenergy Association

The Bioenergy Association has signed a collaboration agreement with the Energy Efficiency and Conservation Authority (EECA) to encourage New Zealand businesses to use more bioenergy. More >>

CMC Markets profits surge 61 per cent

Friday, 29 May 2015, 10:03 am | DEC Public Relations

CMC Markets has today announced strong performance for the year to 31 March 2015, exceeding the previous year’s underlying profit before tax by 61 per cent. CMC Markets Australia and New Zealand region performed well in the year to 31 March 2015. ... More >>


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