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Latest Business Headlines

MARKET CLOSE: NZ shares fall as Spark drops ahead of Fed

Wednesday, 17 September 2014, 5:32 pm | BusinessDesk

Sept. 17 (BusinessDesk) - New Zealand shares fell, paced by Spark New Zealand, as offshore investors sold yield stocks on the prospect the US Federal Reserve may start hiking rates sooner than anticipated, and increasing the returns on offer in the ... More >>

Due diligence process in Feltex IPO "very thorough"

Wednesday, 17 September 2014, 5:29 pm | Chapman Tripp

The importance of robust due diligence processes in significant capital raisings is a key take-out from the High Court decision this week clearing the former Feltex directors from liability for shareholder losses. More >>

Stop selling, start connecting

Wednesday, 17 September 2014, 5:24 pm | Hospitality New Zealand

Today’s consumer hates being sold to - building genuine relationships with customers is where growing businesses are going. More >>

NZ dollar pares gain in lead up to Fed review

Wednesday, 17 September 2014, 5:04 pm | BusinessDesk

NZ dollar pares gain in lead up to Fed review, annual current account deficit narrows More >>

Federated Farmers offers to talk with tour operator

Wednesday, 17 September 2014, 4:17 pm | Federated Farmers

Federated Farmers offers to talk with tour operator Following media reports of High Country Explorer Tours being affected by the sale of Flock Hill Station, Federated Farmers High Country is offering to speak with the operator. More >>

Fujitsu NZ ICT Sustainability Benchmark Report

Wednesday, 17 September 2014, 3:51 pm | Fujitsu

Wellington, 17 September 2014 – Fujitsu has launched the findings of its New Zealand ICT Sustainability Benchmark Report on Tuesday 16 September at the Sustainable Business Council offices in conjunction with event sponsor Hewlett-Packard New Zealand. At ... More >>

Tait Communications buys Brazilian partner

Wednesday, 17 September 2014, 3:43 pm | BusinessDesk

Sept. 17 (BusinessDesk) - Tait Communications, the Christchurch-based radio communications firm, has bought its long-time Brazilian partner SGM Telecomunicacoes for an undisclosed sum as it looks to beef up its presence in the rapidly growing Latin American economy. More >>

Energy-Saving Endeavours Rewarded In Competition

Wednesday, 17 September 2014, 3:17 pm | Ballance Farm Environment Awards

The switch to a gravity-feed water system has resulted in huge cost-savings for Otago farmers David and Sarah Smith, winners of an energy excellence award in the 2014 Otago Ballance Farm Environment Awards. More >>

Tackling a decline of pharmaceutical success

Wednesday, 17 September 2014, 3:14 pm | Victoria University of Wellington

Bart Ellenbroek A Victoria University of Wellington researcher will discuss why pharmaceutical industry success rates are so low and suggest solutions to tackle this crisis at an inaugural professorial lecture next Tuesday. Professor Bart Ellenbroek, ... More >>

Poll shows Nats extending lead, Labour/Greens fading

Wednesday, 17 September 2014, 3:05 pm | BusinessDesk

Sept. 17 (BusinessDesk) - The last Roy Morgan opinion poll before the general election on Saturday shows the National Party gaining ground in the first fortnight of September, up 1.5 percentage points to 46.5 percent, while both the Labour and Green parties ... More >>

Duco Promotions taps Martin Snedden for new top job

Wednesday, 17 September 2014, 2:57 pm | BusinessDesk

Sept. 17 (BusinessDesk) - Duco Promotions has appointed former head of New Zealand's Rugby World Cup 2011 Martin Snedden as head of the sporting events company as it chases global growth. More >>

MSI Global Alliance Preparing for an audit - tips

Wednesday, 17 September 2014, 2:47 pm | MSI Global Alliance

In order for an audit to run smoothly it is essential for all parties to plan adequately. There are 5 areas a CFO should consider when preparing for an audit: More >>

Nutricia needs 18 months to recover from botulism scare: CEO

Wednesday, 17 September 2014, 2:46 pm | BusinessDesk

Sept. 17 (BusinessDesk) - Danone Nutricia chief executive Corine Tap said it would take the infant formula manufacturer 18 months to recover from the adverse effects of the Fonterra Cooperative Group botulism scare. More >>

Molkerei Ammerland Completes First Sweet Whey Powder Auction

Wednesday, 17 September 2014, 2:45 pm | Global Dairy Trade

Sweet whey powder has been sold for the first time on GlobalDairyTrade (GDT), the world’s leading online dairy auction platform, with Molkerei Ammerland selling the product they offered at their first trading event. More >>

Maritime New Zealand media release: Operation Moana

Wednesday, 17 September 2014, 2:43 pm | Maritime New Zealand

Maritime New Zealand media release: Operation Moana A joint operation by Maritime New Zealand (MNZ) and the New Zealand Defence Force has seen 16 fishing vessels operating off the west coast of the South Island boarded and inspected to ensure they are meeting ... More >>

Axis Homes with Jalcon

Wednesday, 17 September 2014, 2:42 pm | Jalcon Homes

Jalcon Homes says that an Axis Series Home is a good, affordable option for Auckland home buyers – and that quality shouldn’t be sacrificed for a compact living space. More >>

$1.3m Rebuild Rectifies Quake Damage on Historic Site

Wednesday, 17 September 2014, 2:42 pm | Harcourts

A $1.3 million rebuild and refurbishment has been completed on historical Beckenham buildings damaged in the Canterbury earthquakes. More >>

Consumers want answers, yet companies fail to Front Up

Wednesday, 17 September 2014, 2:40 pm | Slingshot

New Zealanders are paying a premium for products but the companies who set the prices either don’t care or are refusing to justify their mark ups, according to More >>

Cutting Edge Conference Centre and 60 New Rooms for 2015

Wednesday, 17 September 2014, 2:33 pm | Jet Park Hotel and Conference Centre

Jet Park Airport Hotel is pleased to announce it will open a conference centre and 60 new guest rooms in spring 2015. The new multi-storey conference centre will have capacity for 250 people and will be located close to the existing hotel. With modern ... More >>

Steady GlobalDairyTrade Result Welcomed by Farmers

Wednesday, 17 September 2014, 2:23 pm | Federated Farmers

“With peak milk about four weeks away we could do with some good news and while steady as she goes isn’t a plus sign, at least it is not a negative,” says Andrew Hoggard, Federated Farmers Dairy chair. More >>

Burgerfuel Opens Egypt No.2

Wednesday, 17 September 2014, 2:23 pm | BurgerFuel

BurgerFuel Worldwide has announced the opening of their second restaurant in Cairo, Egypt this week, closely following the opening of the first in Maadi, Cairo, in May of this year. More >>

Latest Jobs Online report released

Wednesday, 17 September 2014, 2:18 pm | Ministry of Business Innovation and Employment

Skilled job vacancies advertised online dropped 0.4 per cent in August, according to the latest Ministry of Business, Innovation and Employment’s Jobs Online report. More >>

SME Exporters Enjoy Golden Growth Period

Wednesday, 17 September 2014, 2:15 pm | MYOB

New Zealand’s SME export sector has enjoyed a period of major growth over the last year, with many planning to invest in increasing staff and wages in expectation of another solid year ahead. More >>

Tasman Tanks Appoints New Dairy Effluent Sectoc Manager

Wednesday, 17 September 2014, 2:02 pm | The Tasman Tank

Leading New Zealand and Australian storage tank company Tasman Tanks, has appointed Craig Hemmings as dairy effluent sector manager. More >>

Qantas Offers Additional Services to Wellington

Wednesday, 17 September 2014, 1:53 pm | Qantas

Qantas has published four additional return Boeing 737-800 services to Wellington from 19 to 23 December 2014 to cater for increased demand over the holiday period. More >>

Solity Software appoints Brian Steele as Chief Executive

Wednesday, 17 September 2014, 1:53 pm | Solity Software

Solity Software Limited (Solity), the Wellington-based software company specialising in crisis preparedness and incident management, today announced that it has appointed Brian Steele as its Chief Executive. More >>

Central Otago Wine Industry no longer a "One Trick Pony"

Wednesday, 17 September 2014, 1:29 pm | Cellarwise

As we have come to expect, Central Otago wines dominated the medals for pinot noir at the 2014 New Zealand International Wine Show, taking out 10 of the 15 Gold Medals awarded. But what is more interesting about the results of this show is that Central ... More >>

Spark Fibre a Standout Performer

Wednesday, 17 September 2014, 1:29 pm | TrueNet

In August, new entrant Spark blitzed the TrueNet UFB fibre results with a sizzling best for International file download speeds to Sydney, along with the quickest times to download both New Zealand and Australian Live webpages. Bigpipe , was easily the ... More >>

Setting the standard for gender diversity in governance

Wednesday, 17 September 2014, 12:52 pm | Federation Of Maori Authorities

Women hold the top governance jobs in a number of Maori business operations represented at this years Federation of Maori Authorities Annual National Conference. Four major Maori land incorporation boards are currently chaired by women who will be speaking ... More >>

Water taxes will suck Canterbury and Otago dry: Report

Wednesday, 17 September 2014, 12:42 pm | Federated Farmers

A report undertaken by the New Zealand Institute of Economic Research (NZIER) for Federated Farmers, shows how water taxes may end up becoming a regional tax on Canterbury and Otago, seriously impacting those regional economies. More >>

Digital Leaders Forum finalist in Innovators Awards

Wednesday, 17 September 2014, 12:24 pm | Wanganui District Council

The Whanganui Digital Leaders Forum (WDLF) is a finalist in the New Zealand Innovators Awards 2014 in two categories: ‘Excellence in Social Innovation’ and ‘Innovation in Financial & Professional Services’. More >>

Chief executive appointed to NZ's leading payroll provider

Wednesday, 17 September 2014, 12:13 pm | IMS Payroll

New Zealand’s leading payroll software provider, IMS Payroll, has appointed Doug Jopling to a newly established role of chief executive. More >>

Ryman expands board as veteran director Clements departs

Wednesday, 17 September 2014, 11:55 am | BusinessDesk

Sept. 17 (BusinessDesk) - Ryman Healthcare, the country's biggest listed retirement village operator, is expanding its board with two new hires, as 15-year veteran director Andrew Clements departs. More >>

Rural New Zealand wants gigabit equality

Wednesday, 17 September 2014, 11:52 am | Federated Farmers

Federated Farmers and TUANZ believe it is essential the next Government delivers better connectivity to rural New Zealand, and is keen to work with them to make that happen. “We are encouraged by the National Party’s further commitment of $150million, ... More >>

Senior US SAP executive returns to NZ

Wednesday, 17 September 2014, 11:42 am | UXC Oxygen

Senior US SAP executive returns to NZ as Practice Manager for UXC Oxygen WELLINGTON, 17 September 2014: UXC Oxygen, the SAP solutions and Cloud company, has appointed Michael (Mike) Smith to the position of Practice Manager – Wellington. Previously ... More >>

OECD tax reform - impact for New Zealand business

Wednesday, 17 September 2014, 11:31 am | PricewaterhouseCoopers

The OECD set out final recommendations from the first half of its tax reform programme to tackle Base Erosion and Profit Shifting (BEPS) yesterday. More >>

Semi-Permanent on a roll with third return to Wellington

Wednesday, 17 September 2014, 11:29 am | Semi-Permanent

You won’t have to wait much longer for your next Semi-Permanent fix - the iconic design symposium will be back in the capital on the 4th its 10th anniversary events, and a mind-blowing Auckland season in February, it’s time once again to turn Wellington’s ... More >>

GCSB's 'Cortex' sought tie-up with ISP

Wednesday, 17 September 2014, 11:26 am | BusinessDesk

Sept. 17 (BusinessDesk) - The Government Communications Security Bureau may expand its 'Project Cortex' to sharing malware-disrupting technology with local internet service providers, according to Cabinet papers declassified by Prime Minister John ... More >>

PR network appoints international Board of Directors

Wednesday, 17 September 2014, 11:10 am | ComUnity.Pro

ComUnity.Pro PR network appoints international Board of Directors & launches global 2.0 PR Strategy More >>

Falling goods exports drive rise in current account deficit

Wednesday, 17 September 2014, 10:59 am | Statistics New Zealand

New Zealand's seasonally adjusted current account balance was a deficit of $2.0 billion in the June 2014 quarter, Statistics New Zealand said today. This was $1.4 billion larger than the March 2014 quarter deficit. More >>

NZ Hake, Ling Join Top 8% of World’s Sustainable Fisheries

Wednesday, 17 September 2014, 10:57 am | Deepwater Group

Hake and ling from New Zealand are now among the top 8% of global sustainable fish species after being recognised by the Marine Stewardship Council (MSC). More >>

NZ balance of payments deficit hits cyclical low point

Wednesday, 17 September 2014, 10:54 am | BusinessDesk

Sept. 17 (BusinessDesk) - The annual deficit in New Zealand’s dealings with the rest of the world fell, in line with consensus forecasts, to 2.5 percent of gross domestic product in the year to June 30, hitting what economists expect will prove ... More >>

Airways seals Chinese partnership

Wednesday, 17 September 2014, 10:41 am | Airways New Zealand

Airways New Zealand has launched an exclusive partnership with the Civil Aviation Management Institute of China (CAMIC) for the delivery of air traffic control short courses in China, in a deal worth millions of dollars to the state-owned enterprise. ... More >>

RESEND: Restaurant Brands 2Q sales rise 5.8%

Wednesday, 17 September 2014, 10:23 am | BusinessDesk

RESEND: Restaurant Brands 2Q sales rise 5.8%, boosted by KFC promotions, Carl's Jr expansion More >>

Restaurant Brands 2Q sales rise, boosted by KFC, Carl's Jr

Wednesday, 17 September 2014, 10:21 am | BusinessDesk

Restaurant Brands 2Q sales rise 5.8%, boosted by KFC promotions, Carl's Jr expansion More >>

S&P affirms NZ Post rating, cuts hybrid notes to 'junk'

Wednesday, 17 September 2014, 10:12 am | BusinessDesk

Sept. 17 (BusinessDesk) - Standard & Poor's affirmed New Zealand Post's issuer credit and related debt rating at A+/A-1 with a long term negative outlook, while cutting its hybrid notes to 'junk' status. More >>

RMA prevents consistency on catchment and decision making

Wednesday, 17 September 2014, 9:55 am | Water New Zealand

“Water New Zealand welcomes the increased focus on management of freshwater by government and the various political parties. In particular we were pleased to see the recently revised National Policy for Fresh Water Management promulgated. For ... More >>

Tom Thomson elected as NZMEA President

Wednesday, 17 September 2014, 9:36 am | Manufacturers and Exporters Association

Tom Thomson, Managing Director of EPL (Elastomer Products Ltd), has been elected President of the New Zealand Manufacturers and Exporters Association (NZMEA) at the Association’s 135th AGM. Tom takes over from Brian Willoughby who completes his ... More >>

Harcourts Butterfly Ball Raises Funds for Perinatal Research

Wednesday, 17 September 2014, 9:33 am | Harcourts

The Harcourts Foundation has once again joined forces with fundraising group, Butterfly Babies to support the 2014 Harcourts Butterfly Ball, which will be held at the Sofitel Brisbane on Saturday the 20th of September. More >>

New Industry Portal Introduces Innovative Technology

Wednesday, 17 September 2014, 9:27 am | Harcourts

Industry owned and operated real estate portal, SQUIIZ, introduced its website and industry first mobile application at its first launch function in Brisbane late last week. More >>

CORRECT: Dairy product prices rise from two-year low

Wednesday, 17 September 2014, 9:10 am | BusinessDesk

(Fixes sweet whey powder sale in 6th, 7th graphs, clarifies GDT price in 2nd graph) More >>

NZ dollar rises on speculation ahead of Fed meeting

Wednesday, 17 September 2014, 8:45 am | BusinessDesk

Sept. 17 (BusinessDesk) - The New Zealand dollar advanced as investors pulled back expectations for the Federal Reserve to signal a rise in interest rates at this week's meeting and on reports China is adding liquidity to its banks to bolster economic ... More >>

Snakk mulls employee shares in remuneration packages

Wednesday, 17 September 2014, 8:07 am | BusinessDesk

Sept. 17 (BusinessDesk) - NZAX-listed Snakk Media is considering offering employees shares in the company as part of their remuneration package. More >>

While you were sleeping: Wall Street climbs

Wednesday, 17 September 2014, 7:46 am | BusinessDesk

Sept. 17 (BusinessDesk) - Wall Street advanced as a report showed a gauge of US inflation was unchanged in August, which helped fuel expectations Federal Reserve policy makers might hold on to their plan to keep interest rates low for a “considerable time.” More >>

Dairy product prices rise from two-year low

Wednesday, 17 September 2014, 6:20 am | BusinessDesk

Sep. 17 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, inching higher from the lowest level since July 2012, as declines in butter milk powder and cheddar were offset by gains in rennet casein and skim milk powder. More >>

Couple give up Auckland for a slice of heaven in Cambridge

Tuesday, 16 September 2014, 6:18 pm | St Kilda development

Like many other Kiwis, the first residents of Cambridge’s premier subdivision St Kilda have given up the long commutes, higher costs of living and smaller living space for their take on the quarter acre ‘kiwi dream’. More >>

Pyne Gould looks to oust EPIC directors, boost its stake

Tuesday, 16 September 2014, 6:18 pm | BusinessDesk

Sept. 16 (BusinessDesk) - Pyne Could Corp, the asset management firm controlled by George Kerr, is seeking the removal of two directors of Equity Partners Infrastructure Company No.1, as it looks to boost its stake to almost half. More >>

NZ dollar holds gains as dairy auction looms

Tuesday, 16 September 2014, 5:44 pm | BusinessDesk

Sept. 16 (BusinessDesk) - The New Zealand dollar held gains in local trading after weak US industrial production sapped demand for the greenback, and ahead of an upcoming dairy auction, which will offer a gauge on New Zealand's biggest commodity export. More >>

MARKET CLOSE: NZ shares fall, led by Summerset

Tuesday, 16 September 2014, 5:40 pm | BusinessDesk

Sept. 16 (BusinessDesk) - New Zealand shares fell, led by Summerset Group Holdings, as the prospect of new rivals weighed on listed retirement village operators. Stocks with regulatory pressure, such as Air New Zealand, Chorus and energy companies fell ... More >>

Beef + Lamb NZ Outlines Priorities Ahead of Election

Tuesday, 16 September 2014, 5:39 pm | Beef And Lamb NZ

Beef + Lamb New Zealand has outlined what it sees as the policy priorities for the incoming government. More >>


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