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Latest Business Headlines

Lisa Owen interviews Fonterra CEO Theo Spierings

Saturday, 25 October 2014, 12:51 pm | The Nation

Fonterra boss worried about the spread of Ebola in West Africa and potential “big consequences” for the company, saying “it doesn’t feel to me like that it is under control at the moment” More >>

Whitcoulls sell record-breaking jigsaw puzzle

Saturday, 25 October 2014, 12:07 pm | Whitcoulls

Puzzling is huge and it just got bigger with Whitcoulls releasing EDUCA Puzzle 33600 into New Zealand. This striking wildlife puzzle by top international artist Adrian Chesterman contains the largest number of pieces of any jigsaw puzzle in the world. ... More >>

MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby

Friday, 24 October 2014, 5:33 pm | BusinessDesk

MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby rights; Spark, Ebos gain More >>

NZ dollar heads for 0.9% weekly drop

Friday, 24 October 2014, 5:13 pm | BusinessDesk

NZ dollar heads for 0.9% weekly drop as inflation pushes out rate hike timeframe More >>

Takeover of Lyttelton Port Shares Completed

Friday, 24 October 2014, 4:25 pm | Christchurch City Holdings Limited

Christchurch City Holdings Limited (CCHL) has today completed the acquisition of the remaining shares in Lyttelton Port Company (LPC) with the conclusion of the compulsory acquisition process. More >>

Beautiful sleep in more ways than one

Friday, 24 October 2014, 4:24 pm | Sealy NZ

The bids are rolling in for Sealy’s one-off designer on TradeMe. But if you’re interested in a stylish and fashionable bed that delivers a great sleep you’d better be quick - the auctions close between 6:30 & 9:30pm on Tuesday (28 October). More >>

Dorchester closes oversubscribed $30M capital raise

Friday, 24 October 2014, 4:05 pm | BusinessDesk

Oct. 24 (BusinessDesk) - Dorchester Pacific, the finance company midway through a takeover for Turners Group, has closed its $30 million capital raising saying the offer was oversubscribed. More >>

NZX says it doesn't know why shares have declined

Friday, 24 October 2014, 3:59 pm | BusinessDesk

Oct. 24 (BusinessDesk) - NZX, the stock market operator, said it doesn't know why its share price has declined, in response to a query from its disciplinary arm. More >>

Sky TV to launch $20/month subscription ondemand service

Friday, 24 October 2014, 3:50 pm | BusinessDesk

Oct. 24 (BusinessDesk) - Sky Network Television, the country's dominant pay-TV operator, will launch a new $20 a month subscription video ondemand service, Neon, in December, targeting non-Sky customers as it faces intensifying competition for viewers. More >>

Cavalier shares drop 10% after profit warning

Friday, 24 October 2014, 3:48 pm | BusinessDesk

Oct. 24 (BusinessDesk) - Shares of Cavalier Corp dropped 10 percent after the carpet maker warned it will probably miss earnings guidance due to a strong kiwi dollar against its Australian counterpart and a high price of wool. More >>

Disappointed with TVNZ move to outsource programmes

Friday, 24 October 2014, 3:41 pm | Pacific Island Media Association

The move by TVNZ to outsource production of its Maorl and Pacific programmes is catastrophic for the communities it serves in New Zealand and the region. More >>

Agrichemical sellers upskill in health and safety

Friday, 24 October 2014, 3:32 pm | Agcarm

Protection of people and the environment is the focus of a new qualification developed by Agcarm to upskill staff in the rural servicing industry. More >>

2015 NZ Hotel Industry Conference date & venue announced

Friday, 24 October 2014, 2:48 pm | Hotel Industry Conference

The 2015 New Zealand Hotel Industry Conference will be held at The Langham, Auckland on Thursday, 4 June 2015. More >>

Andrew North – Australasia’s top auctioneer

Friday, 24 October 2014, 2:42 pm | Harcourts

Andrew North receives the Australasian Auctioneering Championship Cup from Real Estate Institute of New Zealand Chair Roseanne Meo. More >>

Outsourcing production provides increased transparency

Friday, 24 October 2014, 2:37 pm | Te Mangai Paho

Te Māngai Pāho Chief Executive John Bishara says TVNZ’s decision to outsource Māori programme production from next year would further increase contestability and transparency in the allocation of public broadcasting funding, which is a key ... More >>

Westpac Waikato Business Excellence Awards

Friday, 24 October 2014, 2:35 pm | Argent Motor Lodge Hamilton

Hamilton Accommodation Provider, Argent Motor Lodge, is a Finalist for Three Westpac Waikato Business Excellence Awards More >>

Outsourcing production provides increased transparency

Friday, 24 October 2014, 2:34 pm | Te Mangai Paho

Te Māngai Pāho Chief Executive John Bishara says TVNZ’s decision to outsource Māori programme production from next year would further increase contestability and transparency in the allocation of public broadcasting funding, which is a key ... More >>

Landmark Harcourts Gympie Expands

Friday, 24 October 2014, 2:30 pm | Harcourts

Landmark Harcourts Gympie has been performing so well that they have expanded this month. They are now offering another service to their clients and the community with NAI Harcourts. More >>

Z brings Blokhedz retail craze to NZ

Friday, 24 October 2014, 2:29 pm | Z Petrol NZ

New Zealand’s next big retail collectable craze strikes at more than 200 Z service stations today. More >>

Sky TV sees annual profit gain of up to 8.6% in 2015

Friday, 24 October 2014, 1:47 pm | BusinessDesk

Sky TV sees annual profit gain of up to 8.6% in 2015, flags new ondemand service More >>

Ziera Shoes Named Supreme Topshop in All of New Zealand

Friday, 24 October 2014, 1:36 pm | Ziera

The best shops from around the Upper North Island, and across New Zealand have been named in the Retail NZ TopShop Awards ceremony held in Auckland last night. Ziera Shoes in Broadway Newmarket was named not only the Overall Regional TopShop for the ... More >>

Substantial Waikato dairy support farm goes on the market

Friday, 24 October 2014, 1:32 pm | Bayleys

A sizeable dairy farm near the Waikato township of Morrinsville has been placed on the market for sale. More >>

Farewells for long-time DWN board members

Friday, 24 October 2014, 1:28 pm | Dairy Women's Network

Farewells for long-time DWN board members While she might have handed over the reins as chair at the Dairy Women’s Network Annual General Meeting this week, Michelle Wilson will be retaining her membership and watching with interest. As will board ... More >>

Mighty River Power Operational Update: 30 Sept 2014

Friday, 24 October 2014, 1:22 pm | Mighty River Power

Mighty River Power‘s operating statistics for the quarter to 30 September 2014 demonstrate a lift in total generation by 10% (170GWh) on the prior comparable period (pcp). Hydro generation was up 66GWh to 929GWh – but below average due to a continuation ... More >>

Architects put construction upswing in Context

Friday, 24 October 2014, 1:17 pm | Context Architects

Auckland and Christchurch based Context Architects has made two new appointments and announces two promotions this month. “It’s a sign of increasing activity in the residential sector, particularly in medium and high-density development,” ... More >>

Niue Tourism Welcomes Second Service and Hotel Brand

Friday, 24 October 2014, 1:15 pm | Niue Tourism

Niue Tourism is welcoming the continuation of Air New Zealand’s second seasonal service to the island commencing April 2015. The second service will start a month earlier than the previous year enabling valuable additional capacity for the April ... More >>

Agri-Food Producers Call for Strong Outcomes through the TPP

Friday, 24 October 2014, 1:04 pm | Federated Farmers

International Agricultural and Agri-Food Producers Call for Strong Outcomes through the TPP At the round of Trans-Pacific Partnership (TPP) negotiations taking place this week in Australia, agri-food producer and processor groups from Canada, Australia ... More >>

Idiot-proof computer programming

Friday, 24 October 2014, 12:53 pm | Victoria University of Wellington

Idiot-proof computer programming A computer scientist at Victoria University of Wellington is part of an international team that has designed a way to overcome problems that occur when using multiple programming languages to write webpages. Dr Alex Potanin, ... More >>

Lee Valley Dam must be affordable

Friday, 24 October 2014, 12:47 pm | Federated Farmers

Federated Farmers is urging the Government to support the Tasman District Council’s (TDC) Waimea Dam Project to prevent the critical shortage of water for urban and farming development. More >>

Heartland NZ chief risk officer resigns

Friday, 24 October 2014, 12:43 pm | BusinessDesk

Oct. 24 (BusinessDesk) - Heartland New Zealand, the bank which formed after the merger of Canterbury and Southern Cross building societies and Marac Finance, has lost its chief risk officer Mark Mountcastle. More >>

GODZone Announces Technology Partnership for Live Tracking

Friday, 24 October 2014, 12:12 pm | 100 Precent PURE Racing Queenstown NZ

New Zealand’s premier expedition adventure race is delighted to announce a partnership with leading industry technology company, YB Tracking, who will provide live website tracking of teams racing in the 2015 GODZone event in Wanaka next March. More >>

DNZ revalues portfolio by $10.7 million

Friday, 24 October 2014, 11:59 am | BusinessDesk

Oct. 24 (BusinessDesk) - DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall. More >>

DNZ revalues portfolio up by $10.7 million

Friday, 24 October 2014, 11:58 am | BusinessDesk

Oct. 24 (BusinessDesk) - DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall. More >>

Sealegs turns first-half profit

Friday, 24 October 2014, 11:51 am | BusinessDesk

Oct. 24 (BusinessDesk) - Sealegs Corp, which makes amphibious boats, turned a first-half profit after strong local demand underpinned a pick-up in sales, and as it taps new markets in South America. More >>

Kiwi owned Spaceships Campervan Rentals: expands into Europe

Friday, 24 October 2014, 11:29 am | Spaceships Campervan Rentals

The World’s most Fuel-Efficient Campervan is now available to hire in Spain and Italy. Kiwi owned Spaceships Campervan Rentals have announced the opening of two new depots in Rome and Barcelona for 2015. More >>

VTNZ Named New Zealand’s 2014 Best Workplace

Friday, 24 October 2014, 11:24 am | Kenexa Best Workplaces Survey

Auckland, New Zealand, 24 October 2014 – IBM Kenexa (NYSE:IBM) a global provider of business technology solutions for human resources, last night presented the award for New Zealand’s Overall Best Workplace of 2014 to Vehicle Testing New Zealand ... More >>

“China Ready” seminars back by popular demand

Friday, 24 October 2014, 11:22 am | Christchurch Airport

Increasing numbers of Chinese visitors arriving into Christchurch Airport has seen southern tourism and business operators sign up for seminars which help them roll out the welcome mat. More >>

Direct Capital Wins NZVCA Deal of the Year Award

Friday, 24 October 2014, 11:21 am | NZ Private Equity and Venture Capital Ass

The 2014 New Zealand Private Equity and Venture Capital Association (NZVCA) Deal of the Year Award has gone to Direct Capital for its investment in Scales Corporation. More >>

Ross George Wins NZVCA Leadership Award

Friday, 24 October 2014, 11:21 am | NZ Private Equity and Venture Capital Ass

The New Zealand Private Equity and Venture Capital Association (NZVCA) Leadership Tribute was awarded today (23 October) to Ross George, managing director of Direct Capital, for his outstanding leadership commitment to the New Zealand private equity ... More >>

Te Atatu Man Returns from Hunting Pirates

Friday, 24 October 2014, 11:17 am | New Zealand Defence Force

Te Atatu man and Royal New Zealand Air Force (RNZAF) Sergeant (SGT) Jack Xiong has returned home from hunting pirates in the Middle East. SGT Xiong has spent the last three months as a crew member of an RNZAF P-3K2 Orion aircraft, which has been part ... More >>

Connor Gains Overseas Investment Office Approval

Friday, 24 October 2014, 11:17 am | Connor Healthcare

Connor Healthcare Limited (Connor) today advised that it had now obtained Overseas Investment Office (OIO) consent for its $7.25 per share cash takeover offer for Acurity Health Group Limited. More >>

New Zealand/ wins Trans-Tasman Auctioneering ‘Test’

Friday, 24 October 2014, 11:15 am | Real Estate Institute Of New Zealand

In a five way contest Andrew North of Harcourts New Zealand won the final of 16th Australasian Real Estate Institutes’ Auctioneering Championship held in Auckland today. More >>

Camelot on Ulster is the perfect place for Families to stay

Friday, 24 October 2014, 11:14 am | Camelot on Ulster

Camelot on Ulster in Hamilton is the ideal accommodation for families staying in the Waikato this Christmas holiday season. “At Camelot on Ulster we have a range of accommodation with spacious, large and quiet rooms which makes it ideal for families ... More >>

Dairy continues to drive exports down

Friday, 24 October 2014, 11:09 am | Statistics New Zealand

The seasonally adjusted value of exported goods fell 3.0 percent, to $12 billion, in the September 2014 quarter, Statistics New Zealand said today. Imports rose 3.7 percent, to $13 billion. More >>

CORRECT: Jade chases growth of 30-50% for Master Terminal

Friday, 24 October 2014, 11:04 am | BusinessDesk

Oct. 23 (BusinessDesk) - Jade Software, which took its intelligence software developer Wynyard Group public last year, is chasing annual growth of between 30 and 50 percent from its Master Terminal port management software business, which is latching on ... More >>

Wellington tech stars continue to shine

Friday, 24 October 2014, 11:02 am | Grow Wellington

Wellington’s status as New Zealand’s high tech capital has been confirmed with the release of this year’s TIN100. More >>

NZ's premier ski areas looking forward to 2015 season

Friday, 24 October 2014, 11:01 am | NZSki

Spring may be in full swing, but New Zealand’s premier ski areas are already looking forward to next season with the release of Early Bird season pass sale for 2015. More >>

NZ trade deficit widens in Sept amid lower log, dairy prices

Friday, 24 October 2014, 10:57 am | BusinessDesk

Oct. 24 (BusinessDesk) - New Zealand's monthly trade deficit widened more than expected in September as falling prices for logs and dairy products weighed on exports while imports were boosted by an incoming aircraft. More >>

Ballance Ward B Election draws record field

Friday, 24 October 2014, 10:56 am | Ballance Agri-Nutrients

Ballance Agri-Nutrients’ call last month for director nominations for its Ward B has yielded 9 candidates hoping to replace Dean Nikora who resigned as a director ahead of taking up an international posting. More >>

Sky, NZ Rugby and SANZAR Ink Deal

Friday, 24 October 2014, 10:41 am | Sky Television

This morning SKY announced the signing of a conditional five year deal with NZ Rugby and SANZAR. A long form agreement will follow. SKY chief executive John Fellet commented; “We are really pleased to have signed this agreement and are working hard to finalise ... More >>

New Zealanders save $30 million, and there’s more to come

Friday, 24 October 2014, 10:24 am | Countdown Supermarket

Countdown has announced today that New Zealand shoppers have saved more than $30 million in the first year of its Price Lockdown and Price Drop initiative – a bold programme that’s seen the supermarket drop the price of more than 700 grocery items ... More >>

Sky TV signs conditional deal to renew rugby rights

Friday, 24 October 2014, 10:10 am | BusinessDesk

Oct. 24 (BusinessDesk) - Sky Network Television, New Zealand's dominant pay-TV company, has signed a conditional contract to renew its five-year deal with the New Zealand Rugby Union and the SANZAR unions for an undisclosed amount. The shares rose to a ... More >>

Jade Software chases growth of 30-50% for Master Terminal

Friday, 24 October 2014, 10:07 am | BusinessDesk

Oct. 23 (BusinessDesk) - Jade Software, which took its intelligence software developer Wynyard Group public last year, is chasing annual growth of between 30 and 50 percent from its Master Terminal port management software business, which is latching on ... More >>

ANZ workers to resume targeted strike action

Friday, 24 October 2014, 9:30 am | First Union

Workers at numerous ANZ branches around the country will resume strike action against the bank tomorrow at various times, including in nine branches around Auckland. More >>

Shanahan debunks plucky NZ punching above its weight

Friday, 24 October 2014, 9:29 am | sticK

You have to give the effusive and self-effacing Greg Shanahan his due. More >>

NZ dollar drops to week-low as lower inflation seen weighing

Friday, 24 October 2014, 8:45 am | BusinessDesk

Oct. 24 (BusinessDesk) - The New Zealand dollar declined to a week-low after data yesterday showed inflation accelerated at a slower than expected pace in the third quarter, suggesting interest rates may stay at current levels for longer. More >>

While you were sleeping: 3M, Caterpillar lift mood

Friday, 24 October 2014, 7:46 am | BusinessDesk

Oct. 24 (BusinessDesk) - Wall Street climbed, lifted by better-than-expected earnings from 3M and Caterpillar, and renewed optimism that the US economy might sustain its pace of recovery. More >>

Auckland Airport's duty free told to drop the hard sell

Thursday, 23 October 2014, 5:49 pm | BusinessDesk

Oct. 23 (BusinessDesk) - Auckland International Airport, the country’s main gateway, said it had talked to its two duty free retailers following what it called “over-zealous competition” at the airport. More >>

MARKET CLOSE: NZX 50 climbs to new record, led by RBD

Thursday, 23 October 2014, 5:35 pm | BusinessDesk

Oct. 23 (BusinessDesk) - New Zealand shares rose to a new record close, led by Restaurant Brands New Zealand after the country's biggest fast-food operator boosted its annual earnings guidance. Spark New Zealand pace gains as investors sought defensive stocks ... More >>

WA Super Now Accept KiwiSaver Contributions

Thursday, 23 October 2014, 5:31 pm | WA Super

Australian superannuation fund WA Super is thrilled to announce they will accept eligible contributions transferred from KiwiSaver accounts effective as of October 23, 2014. More >>

 

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