Latest Business Headlines
State of the Nation New Zealand: home is where the money is
Tuesday, 21 May 2013, 10:19 pm | Roy Morgan Research
For many Aucklanders, the prospect of owning their own home is looking less likely by the week. Rapid population growth, soaring property prices and inadequate supply have left New Zealand’s largest city with a serious housing shortfall. The latest ... More >>
State of the Nation New Zealand: all about attitudes
Tuesday, 21 May 2013, 10:15 pm | Roy Morgan Research
If, as Winston Churchill once remarked, attitude is a little thing that makes a big difference, then Wellington, Auckland and the rest of New Zealand are diverse indeed. As the latest Roy Morgan State of the Nation New Zealand reveals, the different attitudes ... More >>
Wellington wild for smartphones : RMR State Of The Nation NZ
Tuesday, 21 May 2013, 10:13 pm | Roy Morgan Research
Hands up who remembers old-school rotary-dial telephones? It seems they’re fast becoming a distant memory for most Kiwis, judging by findings in the latest Roy Morgan State of the Nation New Zealand report. Not only does more than 90% of the country’s ... More >>
Buses, trains and traffic jams: Wellington vs Auckland vs NZ
Tuesday, 21 May 2013, 10:08 pm | Roy Morgan Research
Just ask any traveller: you can tell a lot about a city by its public transport. Take Auckland and Wellington, for example. While a substantial proportion of Wellingtonians use their city’s bus and rail systems, it seems the majority of Aucklanders would ... More >>
Goodyear to sell NZ retail businesses to locals
Tuesday, 21 May 2013, 5:50 pm | BusinessDesk
May 21 (BusinessDesk) - Goodyear & Dunlop Tyres, the local unit of the biggest US tyre maker, plans to sell its New Zealand retail business for an undisclosed sum to locally-owned Beau Ideal. More >>
MARKET CLOSE: NZ shares fall; Mainfreight, Diligent decline
Tuesday, 21 May 2013, 5:48 pm | BusinessDesk
May 21 (BusinessDesk) – New Zealand shares fell on concern prices have run up ahead of earnings and profit downgrades in Australia weighed on companies with businesses across the Tasman, including Mainfreight, Australia & New Zealand Banking Group, ... More >>
Solid Energy based failed strategy on non-existent analysis
Tuesday, 21 May 2013, 5:36 pm | BusinessDesk
May 21 (BusinessDesk) - The ambitious growth strategy that has imperilled Solid Energy was developed on a far more optimistic outlook for oil and coal prices than its industry peers, but it had no analysis to back those views, Treasury papers released today ... More >>
Banks, industrials dominate selling pressure
Tuesday, 21 May 2013, 5:36 pm | CMC Markets
US equity markets eased from their record highs overnight, following falls on the dollar index as expectations that Fed Chairman Ben Bernanke will continue his QE mantra. Asian markets have followed suit, with selling pressure dominating in our ... More >>
NZ dollar holds gains vs. greenback before Bernanke
Tuesday, 21 May 2013, 5:21 pm | BusinessDesk
May 21 (BusinessDesk) - The New Zealand dollar held gains against the greenback in local trading as investors pondered whether Federal Reserve chairman Ben Bernanke will give any hint of unwinding his money printing programme this year. More >>
Rockburn Wines Win Decanter Gold Medal
Tuesday, 21 May 2013, 5:10 pm | Rockburn Wines
Rockburn Wines has been awarded a Gold medal in the 2013 Decanter World Wine Awards for their 2011 - and was the only Central Otago producer to be awarded a Gold Medal in the competition. More >>
Doubtful Sound Is Open For Business
Tuesday, 21 May 2013, 4:48 pm | Real Journeys
Doubtful Sound is open for business, that’s the message tourism operator Real Journeys is pushing in light of the NZ Transport Agency’s announcement to close the Milford Road for works for 10-14 working days commencing Thursday 23rd May. More >>
Goodyear & Dunlop Tyres Proposes to Sell NZ Retail Business
Tuesday, 21 May 2013, 4:00 pm | Goodyear and Dunlop Tyres
Goodyear & Dunlop Tyres announced today that it has put forward a proposal to sell its Beaurepaires and Goodyear Auto Service Centre retail businesses in New Zealand to Beau Ideal Ltd. The companies have not disclosed the purchase price. If the sale ... More >>
NZ inflation expectations fall to lowest since June 1999
Tuesday, 21 May 2013, 3:52 pm | Businesswire
May 21 (BusinessDesk) – New Zealand inflation expectations have fallen to the lowest in 14 years, even as business managers raised their expectations for economic growth, suggesting the central bank won’t have to rush to raise interest rates. More >>
Business as usual not good for everyone
Tuesday, 21 May 2013, 3:48 pm | Manufacturers and Exporters Association
As long signalled, Bill English presented a business as usual budget with no real surprises. There are a few positive notes, but it does not tackle the major issues facing the tradable sector in New Zealand, say the New Zealand Manufacturers and ... More >>
Thomson Reuters Launches New Tax And Accounting Platform
Tuesday, 21 May 2013, 3:17 pm | Thomson Reuters
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has today launched Checkpoint® in New Zealand, a powerful online tax and accounting information service. The new platform is uniquely positioned to ... More >>
April 2013 Monthly traffic update
Tuesday, 21 May 2013, 3:14 pm | Auckland International Airport
0.5% International passenger volumes (excluding transit passengers) at Auckland Airport were up 0.5% versus April 2012. The increase was despite the earlier timing of Easter and the later timing of school holidays in 2013. In 2012, Easter started ... More >>
Accor Hotels snow how to be ‘Queen’ of Winter Games NZ
Tuesday, 21 May 2013, 3:00 pm | Accor Hotels and Resorts
Accor’s four hotels in Queenstown – Sofitel Queenstown Hotel & Spa, Hotel St Moritz – MGallery Collection, Novotel Queenstown Lakeside and Mercure Queenstown Resort – have become the official accommodation providers of Winter Games NZ 2013. More >>
Vinegar Lane apartment receives 8-Homestar design rating
Tuesday, 21 May 2013, 2:52 pm | Homestar
The developers of Ponsonby’s new Vinegar Lane have responded to Auckland’s housing shortage with a beautifully designed and environmentally thoughtful neighbourhood of town houses, terrace houses, boutique apartments and office space, where it is ... More >>
A DTC Helps Manufacturers Reach Out to Consumers
Tuesday, 21 May 2013, 2:38 pm | Labyrinth Solutions
Has the time when a manufacturer could leave all of the marketing and advertising of their products to their distributers and retailers passed us by? More >>
Winners Announced in the 2013 Hawke’s Bay Hospitality Awards
Tuesday, 21 May 2013, 2:35 pm | Food Hawke's Bay
For the sixth year in a row, the exceptional people and establishments that make up our hospitality industry in Hawke’s Bay have been announced. The Hospitality Awards are FOR the industry BY the industry. More >>
Long, Hot Summer of Holiday Arrivals Fantastic For Industry
Tuesday, 21 May 2013, 1:35 pm | Tourism New Zealand
Tourism New Zealand chief executive Kevin Bowler says the international visitor arrival figures for April show steady growth from the sector’s core markets and some fantastic holiday arrival numbers. “Our strong summer visitor arrivals have continued into ... More >>
F&P Healthcare shares at 2-year high
Tuesday, 21 May 2013, 1:29 pm | BusinessDesk
F&P Healthcare shares at 2-year high as First NZ raises rating on better outlook More >>
Reckon Accounts Rebrands QuickBooks Offering
Tuesday, 21 May 2013, 1:28 pm | Reckon New Zealand
The newly rebranded Reckon Accounts business range – formerly known as QuickBooks – launches this week across New Zealand. Reckon, one of Australasia’s leading accounting software developers, is undergoing a massive rebrand of its entire market-leading ... More >>
Statement of Intent: 2013 – 2013
Tuesday, 21 May 2013, 1:16 pm | NZ On Air
We’re pleased to release our new Statement of Intent setting out NZ On Air’s priorities and vision for the three years beginning 1 July 2013. More >>
Strategic Pay Appoints Top Talent to Board
Tuesday, 21 May 2013, 1:08 pm | Strategic Pay
AUCKLAND, 21 May 2013 - Strategic Pay , New Zealand’s leading specialist remuneration and performance consultancy, has appointed John Avery and Dr Helen Cross as independent directors. More >>
Deep-sea phosphate miner CRP on track for final investment
Tuesday, 21 May 2013, 12:50 pm | BusinessDesk
May 21 (BusinessDesk) - Independent research commissioned by would-be undersea phosphate miner Chatham Rock Phosphate has raised the company's share price to a target value of $2 from $1.87 last September as the timetable firms for mining from early 2015. More >>
Renaissance posts 1H loss on shrinking margins
Tuesday, 21 May 2013, 12:48 pm | Businesswire
May 21 (BusinessDesk) – Renaissance Corp, the retailer of Apple products and design school operator, turned to a first-half loss on disappointing sales, shrinking margins and an impairment charge at its Yoobee stores. More >>
HD To Focus On High End Services
Tuesday, 21 May 2013, 12:28 pm | Hosting Direct
New Zealand ISP HD have announced that their focus now lies entirely in providing high end, niche online services. More >>
Mitre 10 NZ Adopts Digital Signing For Documents
Tuesday, 21 May 2013, 12:26 pm | Mitre 10
Secured Signing, the online digital signature service, enables Mitre 10’s customers, management, and employees to promptly and efficiently sign the company’s electronic documents. More >>
Photos Are Good, Paintings Are Better!
Tuesday, 21 May 2013, 12:23 pm | Picarto
It’s a New Zealand first that’s making a worldwide splash: a service that turns digital photos into hand painted masterpieces. Kiwi founder of Picarto, Toby burrows, has pioneered technology that allows photos to be uploaded directly from Facebook, ... More >>
Cheapflights.co.nz says "Thank you for the Music"
Tuesday, 21 May 2013, 12:08 pm | Cheapflights
The opening, this month, of the Abba museum in Stockholm has sent Abba fans around the world into a frenzy of skintight catsuits, maxi dresses and sequin-encrusted satin. This inspired the team at the travel information, comparison and deals website, ... More >>
Film Auckland & Mili Pictures upping Chinese Co-productions
Tuesday, 21 May 2013, 12:04 pm | Film Auckland
The Chairman of Mili Pictures, Jack Zhang, has established strategic alliances with New Zealand’s largest regional film office, Film Auckland, and the Wuhan government - home to the third largest animation base in China and a hub of high tech innovation. More >>
All eyes on Gold as rally indicates ‘key reversal’
Tuesday, 21 May 2013, 12:00 pm | CMC Markets
International news and market action gave investors little reason to change their outlook overnight and the local market looks set for a steady open this morning. More >>
Sony Xperia Tablet Z available in New Zealand from 6 June
Tuesday, 21 May 2013, 11:56 am | Sony New Zealand Limited
The Premium Android-powered device features the best of Sony technology, entertainment, design and connectivity in the world’s thinnest 10.1” tablet More >>
Network Tasman Chairman Steps Down
Tuesday, 21 May 2013, 11:53 am | Nelson Media Agency
Long serving chairman of Network Tasman Ltd, Ian Kearney, has announced his intention to step down at the end of his current term as a director. More >>
Flavours of Turkey
Tuesday, 21 May 2013, 11:47 am | Tempo Holidays
Delve into Turkey’s past on an affordable 8-day tour through historic old cities to the exotic Turquoise Coast with Tempo Holidays. More >>
The Credit Slip-ups That Stop You from Buying a Home
Tuesday, 21 May 2013, 11:42 am | MyCRA Credit Repairs
Latest housing figures show the property market is on the up and up, but a consumer advocate for accurate credit reporting warns that people can put their chances of buying a home at risk by making some basic mistakes with credit. More >>
Record number of visitors despite early Easter
Tuesday, 21 May 2013, 11:34 am | Statistics New Zealand
Visitor arrivals in April 2013 (200,600) were up 3 percent from April 2012, Statistics New Zealand said today. This was the highest ever for an April month, surpassing the previous high recorded in April 2011 (197,800). More >>
Telecom’s ‘Agents@Home’ Wins Big in Australasia
Tuesday, 21 May 2013, 11:30 am | Telecom New Zealand
Telecom has won three Platinum awards at the LearnX Impact Awards 2013 for its ‘Agents@Home’ initiative. LearnX announced Telecom as one of its winners yesterday, after the telco went head-to-head with a number of Australasian companies vying for one of the top ... More >>
Central Plains Water shareholders back $56M capital raising
Tuesday, 21 May 2013, 11:28 am | Businesswire
May 21 (BusinessDesk) – Shareholders of Central Plains Water, set up to draw water for irrigation from Canterbury’s Rakaia and Waimakiriri rivers, have indicated their commitment to the equity component of a looming $140 million capital raising. More >>
NZ exodus across the Tasman slows
Tuesday, 21 May 2013, 11:28 am | BusinessDesk
May 21 (BusinessDesk) - The number of New Zealanders quitting this country for a better life across the Tasman slowed to its smallest monthly pace in almost three years, as the local economic prospects start overshadowing Australia’s. More >>
Android users to benefit from AVG latest product releases
Tuesday, 21 May 2013, 11:27 am | AVG
Mobile users to save on time, space and data with AVG Image Shrinker and AVG Cleaner More >>
IG Markets - Morning Thoughts
Tuesday, 21 May 2013, 11:18 am | IG Markets
Risk assets were mixed overnight with US equities losing ground while European equities and metals mostly gained ground. The fall in US equities was mostly blamed on stimulus uncertainty after Chicago Fed President Evans was on the wires with a fairly dovish ... More >>
New Music Technology First of Its Kind In New Zealand
Tuesday, 21 May 2013, 11:09 am | Pak n Save
Ever wanted to pick your own music when you are grocery shopping? Well now you can. PAK’nSAVE is launching the first of its kind music pilot, which lets you do just that – be the stores DJ and choose your favourite track whilst shopping. More >>
Survey Reveals Smartphone Ownership Doubles In 12 Months
Tuesday, 21 May 2013, 10:54 am | TNS
The number of Kiwis who own a smartphone has doubled in the past year, a TNS study has revealed. Twelve months ago 33% of New Zealanders owned a smartphone, but a year later, the figure has risen to 60%. More >>
Electricity Authority: Consumer and stakeholder Surveys
Tuesday, 21 May 2013, 10:33 am | Electricity Authority
Consumers’ and stakeholders’ perceptions of competition within the electricity sector have improved over the last two years, recent surveys show. More >>
NZOG's Griffiths backs director liability on health, safety
Tuesday, 21 May 2013, 10:25 am | BusinessDesk
May 21 (BusinessDesk) - New Zealand Oil & Gas chairman Peter Griffiths has thrown his support behind legislative moves to make directors liable if the companies they govern fail to meet health and safety obligations. More >>
Green Meadows Beef Shows Commitment to NZ Food Traceability
Tuesday, 21 May 2013, 10:21 am | Green Meadows Beef
Green Meadows Beef Shows Commitment to New Zealand Food Traceability with Launch of Own Butchery More >>
Sealegs ekes out FY profit, raising prices as volume slips
Tuesday, 21 May 2013, 10:10 am | Businesswire
May 21 (BusinessDesk) – Sealegs Corp, which makes amphibious boats, posted a return to full-year profit after raising prices while sales of its vessels slipped. More >>
Health and Safety Guideline for Directors Launches
Tuesday, 21 May 2013, 10:08 am | Institute Of Directors
Labour Minister, Simon Bridges officially launched a health and safety guideline for directors titled ‘Good Governance Practices Guideline for Managing Health and Safety Risks’ at a function in Wellington on Monday. More >>
Kidicorp Buys More Centres
Tuesday, 21 May 2013, 9:57 am | Kidicorp
Kidicorp, the largest provider of early childhood education, has agreed to buy Kiwicare’s Auckland based early childhood centres with locations in Avondale, Papatoetoe and Mangere East. Kiwicare provides preschool education and after school care for more ... More >>
Leaders’ Forum welcomes release of safety guidance
Tuesday, 21 May 2013, 9:50 am | Business Leaders' Health and Safety Forum
It’s time for directors to step up and play a much more active role in leading health and safety in their companies, the Business Leaders’ Health and Safety Forum says, following the release of new safety guidelines for directors. More >>
Guideline for Managing Health and Safety Risks
Tuesday, 21 May 2013, 9:47 am | Ministry of Business Innovation and Employment
Ministry of Business, Innovation and Employment Institute of Directors in New Zealand Good Governance Practices Guideline for Managing Health and Safety Risks More >>
NZ dollar gains on concern Bernanke to be cautious on growth
Tuesday, 21 May 2013, 9:20 am | BusinessDesk
May 21 (BusinessDesk) - The New Zealand dollar rose as the greenback weakened on trader bets that Federal Reserve Chairman Ben Bernanke on Wednesday may say he is still cautious about the pace of recovery in the world's largest economy. More >>
US-NZ Pacific Partnership Forum
Tuesday, 21 May 2013, 9:19 am | Christchurch Central Development Unit
The appreciation of the opportunity that Christchurch offers is high, and interested groups in the United States have not forgotten what support they can still give, says Christchurch Central Development Unit Director, Warwick Isaacs. More >>
Business Leaders Call for Redoubling of Efforts on TPP
Tuesday, 21 May 2013, 9:12 am | Joint Media Statement
Business leaders across the Asia Pacific who are supporting the 17th round of Trans-Pacific Partnership (TPP) negotiations currently underway in Lima urged negotiators to tackle and resolve now, rather than later, the sensitive issues in the TPP talks in order ... More >>
Airports welcome investment in air traffic infrastructure
Tuesday, 21 May 2013, 9:07 am | New Zealand Airports Association
The New Zealand Airports Association today welcomed Airways New Zealand’s commitment to long term investment in air navigation infrastructure and services. More >>
Lightning Lab startups ask – ‘where’s the money’?
Tuesday, 21 May 2013, 9:02 am | sticK
Lightning Lab 2013 saw nine startups pitch their digital products to would-be investors last week, seeking expansion capital for ideas that 12 weeks before mostly existed on paper. More >>
While you were sleeping: Hesitancy after new records
Tuesday, 21 May 2013, 7:41 am | BusinessDesk
May 21 (BusinessDesk) – Wall Street touched fresh records earlier in the day before giving up gains as investors await clues from the US Federal Reserve on its plans for maintaining stimulus measures. More >>
NZ targets $30M extra tax from mining tax changes
Monday, 20 May 2013, 6:11 pm | BusinessDesk
May 20 (BusinessDesk) - The government's enthusiasm for mining does not run to leaving " very concessionary" tax treatment rules for mining company expenses in place, with Revenue Minister Peter Dunne tabling new legislation to raise around ... More >>
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