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MARKET CLOSE: NZ shares gain as investors take stock

Friday, 17 August 2018, 8:41 pm | BusinessDesk

MARKET CLOSE: NZ shares gain as investors take stock in earnings season; Skellerup hits new highs More >>

NZ heading for 0.2% weekly gain as risk appetite improves

Friday, 17 August 2018, 8:26 pm | BusinessDesk

Aug. 17 (BusinessDesk) - The New Zealand dollar is headed for a 0.2 percent weekly gain against the greenback, benefiting from an uptick in risk appetite, but demand remains capped by the possibility of a domestic rate cut should growth fail to fire. More >>

Get politics out of infrastructure investment: Jones

Friday, 17 August 2018, 7:54 pm | BusinessDesk

Aug. 17 (BusinessDesk) - An independent infrastructure agency the government hopes to have operating late next year may help take the politics out of development decisions, Infrastructure Minister Shane Jones says. More >>

Civil Contractors welcomes new infrastructure agency

Friday, 17 August 2018, 7:37 pm | Civil Contractors NZ

Civil Contractors New Zealand welcomed today’s announcement from Infrastructure Minister Hon. Shane Jones that a new independent infrastructure agency would be established to improve government oversight into the infrastructure and civil construction industry. More >>

Steel fabricator NDA back in the black

Friday, 17 August 2018, 7:09 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Kiwi steel fabrication firm NDA Group returned to profit in 2017 as a recovery in its key markets and an expanding footprint at home and abroad underpinned a 52 percent increase in sales. More >>

Brilliance International fined $540k over steel mesh

Friday, 17 August 2018, 6:45 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Brilliance International has been fined $540,000 after pleading guilty to breaking fair trading law by claiming steel mesh met standards that it actually did not. More >>

Invocare expands its NZ funeral business

Friday, 17 August 2018, 6:44 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Invocare, New Zealand's largest funeral company, has been expanding its reach across the country, with three new funeral homes purchased in the past three months, adding an extra $12 million to the firm's annual revenue. More >>

Penalty Against Brilliance Steel Today

Friday, 17 August 2018, 6:42 pm | Adina Thorn

We would encourage anyone who has had Brilliance Steel steel mesh, used in or on their property, to contact us to join the proposed class action against companies that have supplied non-compliant steel mesh product to customers. More >>

Seequent partners with Perigon

Friday, 17 August 2018, 6:29 pm | Seequent

Seequent partners with Perigon to bring iPoint’s data management capability to the geothermal industry iPoint for geothermal delivers new data management and visualisation capability to the geothermal industry; Seequent appointed exclusive global re-seller ... More >>

1 in 5 Kiwis will order in takeaways for the big game

Friday, 17 August 2018, 4:27 pm | Alastair Thompson

17 August 2018 - Watching a big game - like this weekend’s Trans-Tasman clash - is all the excuse Kiwis need to order in takeaways, according to new findings. More >>

Correction: Infrastructure NZ delegation to China

Friday, 17 August 2018, 4:24 pm | Infrastructure NZ

HE Ms Wu Xi, China’s Ambassador to New Zealand, today announced that Infrastructure New Zealand will be leading a senior delegation to China, Hong Kong and Singapore in March 2019. More >>

Christchurch CBD Rejuvenation will Require Joint Effort

Friday, 17 August 2018, 4:18 pm | Property Council Of New Zealand

17 August 2018 Responding to Christchurch City Council's proposal to launch a new programme called Project 8011 to unlock residential development in the Christchurch CBD, Property Council New Zealand's South Island Branch President Roger Davidson ... More >>

Testing times assures quality for Company-X clients

Friday, 17 August 2018, 4:10 pm | Company-X

The Hamilton software specialist recommends its output undergoes rigorous testing before it can be released. More >>

Farmlands and Silver Fern Farms praised

Friday, 17 August 2018, 3:56 pm | Farmlands

Two of New Zealand’s largest rural co-operatives have teamed up to develop leaders for the country’s primary industries More >>

Action needed to boost EV take-up - Drive Electric

Friday, 17 August 2018, 3:27 pm | BusinessDesk

Aug. 17 (BusinessDesk) - The government needs to be acting now if it is to sustain take-up of electric vehicles as part of its emissions reduction strategy, industry lobby group Drive Electric says. More >>

Tourism Holdings CFO Davis on medical leave until next month

Friday, 17 August 2018, 2:57 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Tourism Holdings chief financial officer Mark Davis is on medical leave until next month and will miss an already delayed annual results announcement. More >>

Honey goes hi-tech: new tool has industry buzzing

Friday, 17 August 2018, 2:54 pm | Hill Laboratories

With New Zealand’s annual honey exports currently valued at $300 million and growing, a new web-based honey blending tool is set to save honey distributors significant amounts of time and money. More >>

Higher fuel prices squeeze producer margins in 2nd quarter

Friday, 17 August 2018, 2:45 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Higher fuel prices continued to squeeze margins in the second quarter as the prices paid by producers lifted more than the prices they obtained for their goods. More >>

Open up budget bids to NGOs ProdCom says

Friday, 17 August 2018, 2:40 pm | BusinessDesk

Aug. 16 (BusinessDesk) - The government should let community organisations and private firms bid directly to the Treasury to offer programmes likely to deliver a significant impact, the Productivity Commission says. More >>

NZ wool market starts new season on 'weak note'

Friday, 17 August 2018, 2:35 pm | BusinessDesk

Aug. 17 (BusinessDesk) - The New Zealand wool market started the new season on "a very weak note" due to concerns about US tariffs on Chinese products, according to AgriHQ's latest monthly report on the sheep & beef sector. More >>

Farmlands and Silver Fern Farms praised

Friday, 17 August 2018, 1:44 pm | Farmlands

Farmlands and Silver Fern Farms praised for grassroots governance programme Two of New Zealand’s largest rural co-operatives have teamed up to develop leaders for the country’s primary industries More >>

Brilliance fined $540,000 for misleading representations

Friday, 17 August 2018, 1:42 pm | Commerce Commission

Brilliance International Limited has been fined $540,000 for making false and misleading representations relating to its steel mesh products which are used to earthquake strengthen buildings. More >>

Holiday parks keen to be involved in camping decisions

Friday, 17 August 2018, 12:44 pm | Holiday Parks NZ

Government plans to improve the management of free camping are being supported by the holiday park sector which says a national solution is overdue. More >>

NZ dollar fails to break above 66 US cts

Friday, 17 August 2018, 11:46 am | BusinessDesk

Aug. 17 (BusinessDesk) - The New Zealand dollar failed to break above 66 US cents as fears over trade tensions between China and the US were allayed by the prospect of talks later this month. More >>

Top Tips for using Storage Units

Friday, 17 August 2018, 11:34 am | Canstar Blue

Whether it’s for storing a few bits of furniture between house moves or for the odd box of keepsakes you can’t bear to part with, storage units have become big business in New Zealand. Recent research from Canstar Blue reveals that for over ... More >>

International visitor spending shows significant growth

Friday, 17 August 2018, 11:27 am | Ministry of Business Innovation and Employment

Spending by international visitors in New Zealand increased nine per cent to $11.1 billion for the year to June 2018, according to the latest International Visitor Survey results released today by the Ministry of Business, Innovation and Employment ... More >>

NZ startup moves to Australia

Friday, 17 August 2018, 11:20 am | Cryptosaver

Cryptosaver , a new and innovative cryptocurrency savings platform is making it easy for people to buy bitcoin in Australia . The three Kiwi founders initially launched their service in New Zealand. However, NZ banks closed their accounts citing the ... More >>

Crude oil pumps up fuel prices

Friday, 17 August 2018, 10:50 am | Statistics New Zealand

Higher fuel prices contributed to rises in producer output prices (up 0.9 percent) and input prices (up 1.0 percent) in the June 2018 quarter, Stats NZ said today. More >>

Greenstone Group appoint head of new Wellington office

Friday, 17 August 2018, 10:47 am | Greenstone Group

Leading project and property advisory company Greenstone Group has appointed Nick Jones as the head of its new Wellington office to help meet growing demand from new and existing clients in the capital. More >>

Jasmax Architect: Going Big

Friday, 17 August 2018, 10:36 am | JASMAX

Jasmax Associate Principal Mary Henry will be the key guest speaker at Emerge 3: Going Big, Thursday 23 August. Mary will be speaking to her role as the project architect leading the delivery of the award-winning $56mil award-winning AUT Mana Hauora building. More >>

Secure Digital Transformation Earns Unisys a CIO 100 Award

Friday, 17 August 2018, 10:00 am | Unisys

Secure Digital Transformation Earns Unisys a CIO 100 Award Award recognises process, operational and security enhancements driving improved business outcomes for Unisys associates and the clients they serve WELLINGTON, New Zealand, 17 August 2018 – ... More >>

Government must fix its broken procurement process

Friday, 17 August 2018, 9:50 am | New Zealand Institute of Architects

The inefficient, inconsistent and ineffective ways in which the Government is procuring public buildings could be costing New Zealand many millions of dollars a year, according to a report commissioned by the New Zealand Institute of Architects. More >>

Temporary and contract solutions a driving force

Friday, 17 August 2018, 9:47 am | Hays

The use of temporary and contract staff is set to increase further in New Zealand, according to recruiting experts Hays. Data from the recruiter’s annual Hays Salary Guide shows 21 per cent of employers in New Zealand now engage contract and temporary ... More >>

Sommeliers prepare for NZ Sommelier of the Year Competition

Friday, 17 August 2018, 9:46 am | New Zealand School of Food and Wine

This weekend, elite sommeliers from around the country will vie for the title of New Zealand Sommelier of the Year. More >>

STAAH recognised for innovation and trade achievements

Friday, 17 August 2018, 9:32 am | STAAH

The leading cloud-based distribution technology specialist for the accommodation segment has been nominated in two categories at the Westpac Auckland Business Awards North/ West Region 2018. More >>

Mercury trials EV subscription service to drive uptake

Friday, 17 August 2018, 9:22 am | Mercury Energy

Mercury is piloting an electric vehicle (EV) subscription service with Snap Rentals which it says is a model that could be instrumental in getting more kiwis plugging in for their transport. More >>

Northpower sets out ten-year investment plan

Friday, 17 August 2018, 8:56 am | Northpower

Northpower Limited has set out it its ten-year investment plan that will inject almost $200 million in the Kaipara and Whangarei economies. More >>

HiFX morning Update, August 17 2018

Friday, 17 August 2018, 8:34 am | HiFX

The NZDUSD opens at higher at 0.6586 this morning. The NZDUSD gained, as the USD retreated from a 13-month peak, while the Chinese Yuan rebounded from 19-month lows, on news that China will send a delegation to the US in late August to hold a fresh ... More >>

MARKET CLOSE: Shares rise as Skellerup posts record profit

Thursday, 16 August 2018, 8:51 pm | BusinessDesk

Aug. 16 (BusinessDesk) - New Zealand shares rose, led higher by a record profit from Skellerup Holdings, as investors focused more on domestic earnings than volatility in global markets. Precinct Properties New Zealand also gained. More >>

NZ dollar lifts on news Chinese delegation heading to US

Thursday, 16 August 2018, 8:37 pm | BusinessDesk

NZ dollar gets lift from news Chinese delegation heading to US for trade talks By Rebecca Howard More >>

AJ Park delivers bigger than expected earnings boost

Thursday, 16 August 2018, 8:14 pm | BusinessDesk

Aug. 16 (BusinessDesk) - New Zealand intellectual property law firm AJ Park delivered bigger earnings than expected for its Australian owner after its integration into IPH went smoother than anticipated. More >>

Sumitomo Mitsui Trust increases SkyCity holding

Thursday, 16 August 2018, 7:53 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Sumitomo Mitsui Trust has acquired another 7.7 million shares in casino operator SkyCity Entertainment, lifting its relevant interest in the firm to 6.2 percent. More >>

Farra Positions Itself for the Future

Thursday, 16 August 2018, 7:36 pm | Maintenance Engineering Society of New Zealand

Evolution in industry is inevitable and keeping up with the engineering impact is vital for survival. Cast your mind back to the skills, tools and processes from your own beginnings and change is obvious. How we machine, weld, prepare, fabricate, protect ... More >>

Skellerup best performing stock after annual result

Thursday, 16 August 2018, 6:35 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Skellerup is the best performing stock on New Zealand's benchmark index today after the maker of 'red band' gumboots blew analysts out of the water with its annual result. More >>

Tru-Test to sell businesses to Datamars for $147.9 million

Thursday, 16 August 2018, 6:33 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Tru-Test Corp will sell some of its business to Switzerland-based Datamars for $147.9 million, it said in its annual report. More >>

Hi-Tech Impresses Engineers

Thursday, 16 August 2018, 5:25 pm | Maintenance Engineering Society of New Zealand

The age of smart fabrication is well upon us as previously covered with the Maintenance Engineering Society (MESNZ) network evenings as we stride across the regions but the opportunity to bring the Kaeser Compressors Network Evening series to industry ... More >>

How forecast hot weather could impact farmers and food

Thursday, 16 August 2018, 4:41 pm | Irrigation NZ

IrrigationNZ strongly believes that as the climate continues to vary, many areas of New Zealand will be at increasing at risk of drought and to mitigate this risk, the country must invest in well-designed water storage. More >>

Oh that’s where they get their profits from!

Thursday, 16 August 2018, 4:39 pm | First Union

Inequality: a kick in the guts for hard working New Zealanders Today the National Business Review released its Rich List. For the first time, the combined value of the rich listers has tipped over the $100 billion dollar mark, that’s up 26% from ... More >>

Engineers speak out on seismic resilience and water

Thursday, 16 August 2018, 4:16 pm | Engineering New Zealand

Engineers call for fresh thinking about New Zealand’s seismic and water challenges, in a report released today. More >>

ArchiPro undergoes successful $2 million capital raise

Thursday, 16 August 2018, 3:51 pm | Archipro

ArchiPro, an online platform that brings businesses, professionals and consumers together in the architecture, interior and construction industry has completed its first capital raise, successfully reaching its target of $2 million. More >>

Annies in the running for best kids food product award

Thursday, 16 August 2018, 3:45 pm | Annies

Annies in the running for best kids food product award Blenheim-based Annies – food you trust and their delicious 100 percent fruit bars has been nominated for Best Kids Food Product in the 2018 Munch Food Awards. “We’re thrilled to be nominated ... More >>

NZ cruise sector swells in value by 18% to $434 million

Thursday, 16 August 2018, 3:43 pm | NZ Cruise Association

New government figures out today show cruise ship expenditure for the year to June 2018 jumped by 18.3% to $434 million on the previous year, reinforcing the sector’s value to New Zealand, says the New Zealand Cruise Association. More >>

Downer's NZ revenue jumps 59%

Thursday, 16 August 2018, 3:34 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Sales at Downer EDI's New Zealand division rose 59 percent, benefitting from last year's purchase of parts of the Hawkins Group. More >>

More ambition needed to lift productivity

Thursday, 16 August 2018, 3:31 pm | BusinessDesk

Aug. 16 (BusinessDesk) - New Zealand needs to be more ambitious if it is to improve the performance of its major centres and the contribution they make to the national economy, Housing and Development Minister Phil Twyford said today. More >>

UPDATE: Skellerup lifts annual profit 23% to a record

Thursday, 16 August 2018, 2:33 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Skellerup Holdings, the rubber goods manufacturer best known throughout rural New Zealand for its iconic 'red band' gumboot, lifted annual profit to a record as both its industrial and agri divisions boosted earnings. The shares ... More >>

RSE scheme better for business and New Zealand workers

Thursday, 16 August 2018, 2:08 pm | MBIE

The tenth annual survey of RSE employers is another win for the New Zealand horticulture and viticulture industries – and New Zealanders. More >>

Synergy continues its evolution

Thursday, 16 August 2018, 2:04 pm | Synergy

The Synergy Investment Programme (Synergy), the joint venture between Funds Administration New Zealand (FANZ) and Consilium NZ Limited, surged past $300m of funds under advice in August 2018. More >>

New Zealand Entrepreneur Makes NASDAQ Milestone

Thursday, 16 August 2018, 1:44 pm | Adeption

New Zealand Entrepreneur Makes NASDAQ Milestone Carl Sanders-Edwards, founder of the New Zealand leadership development platform Adeption, rings the NASDAQ stock exchange bell to celebrate his graduation from NASDAQ Milestone Makers this week. ... More >>

Precinct Properties still backs Fletcher

Thursday, 16 August 2018, 1:35 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Precinct Properties New Zealand says the Commercial Bay project in downtown Auckland will be completed a little later than scheduled but is still backing contractor Fletcher Construction to complete the $1 billion development. More >>

RMBA, NZSTCF and CCNZ come together to offer practice advice

Thursday, 16 August 2018, 1:32 pm | Joint Press Release

RMBA, NZSTCF and CCNZ come together to offer practice advice to builders and sub-contractors More >>