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Latest Business Headlines

Protecting your winter grazing business

Thursday, 24 July 2014, 3:16 pm | OSPRI New Zealand

Both graziers and those sending animals for grazing have obligations under the NAIT programme to record the movements of animals from farm to farm. It is the grazier’s responsibility to record a NAIT movement from the grazing block to the home farm ... More >>

Room to Move in Newmarket

Thursday, 24 July 2014, 3:10 pm | Newmarket Business Association

Newmarket, Auckland – Newmarket Business Association’s incoming Chief Executive, Mark Knoff-Thomas recommends that businesses struggling to find suitable office space in the CBD should look no further than Newmarket, in light of the drought the CBD ... More >>

Moa makes $500k placement, offers $5.25 mln in rights

Thursday, 24 July 2014, 3:03 pm | BusinessDesk

Jul. 24 (BusinessDesk) - Moa Group, the unprofitable boutique beer maker, raised $500,000 from five institutional investors and plans to raise up to $5.25 million in a discounted rights issue to existing shareholders. More >>

Radisson Blu Fiji Imports NZ Outdoor Furniture

Thursday, 24 July 2014, 2:59 pm | OceanWeave

Radisson Blu Resort Fiji has recently renovated their property with new outdoor furniture imported from New Zealand. Boasting 5-stars, Radisson Blu is no stranger to luxury with its outstanding views and amenities including four lagoon pools. The decision ... More >>

Fees and rates: savvy shoppers can get bang for their buck

Thursday, 24 July 2014, 2:59 pm | Canstar

CANSTAR releases its 2014 deposit accounts star ratings report today, researching and rating 59 products from 12 institutions across six transaction profiles to determine which deposit accounts offer outstanding value for consumers More >>

Two Hamilton motels in running for award

Thursday, 24 July 2014, 2:52 pm | Automobile Association

Two of the three motel finalists in the running for this year’s AA Traveller Supreme Host of the Year award are situated within a kilometre of each other in Hamilton. More >>

Swift Opens Branch In New Zealand

Thursday, 24 July 2014, 2:48 pm | Swift Worldwide Resources

Swift Worldwide Resources ( ), the premier supplier of manpower resources to the oil and gas industry, has opened an office in New Plymouth, the major city in the Taranaki Region of New Zealand. This new office ... More >>

Federation wins rates remission against urban sprawl

Thursday, 24 July 2014, 2:40 pm | Federated Farmers

Federated Farmers is thrilled that common sense has prevailed in the Horowhenua District Council’s unanimous decision to adopt a rates remission for farms being rezoned as urban. “Due to the urban sprawl, farmers are increasingly being rezoned as urban, ... More >>

Rural Contractors ask for similar seasonal worker deal

Thursday, 24 July 2014, 2:31 pm | Rural Contractors NZ

Rural Contractors New Zealand is welcoming news that Government’s plans to encourage more New Zealanders into seasonal work and also its decision to increase the annual Recognised Seasonal Employer (RSE) cap to a total of 9000 workers. More >>

Building a better New Zealand

Thursday, 24 July 2014, 2:04 pm | Beacon Pathway Ltd

Innovative ways to create better communities and improve the performance of existing buildings will be discussed by national and overseas speakers at the Building a Better New Zealand conference in September. More >>

Wool Market Firm

Thursday, 24 July 2014, 2:01 pm | New Zealand Wool Services

New Zealand Wool Services International Ltd’s General Manager Mr John Dawson reports that this week’s North Island wool offering remained reasonably stable. More >>

Canadian Lynx Platinum wins South Island platinum explorati

Thursday, 24 July 2014, 1:53 pm | BusinessDesk

Jul. 24 (BusinessDesk) - Taranaki oil and gas explorer Tag Oil, of Canada, is expanding into the New Zealand minerals sector through its 49 percent ownership of a listed Canadian explorer, Coronado Resources, which has been awarded New Zealand five mineral ... More >>

Seed Fund hits maiden ton

Thursday, 24 July 2014, 1:52 pm | NZ Venture Investment Fund

The New Zealand Venture Investment Fund’s Seed Fund is now investing $5 million a year into start-ups alongside angel investors, and recently invested into its one hundredth company. More >>

Zespri Juicy Water Fight revitalises Shanghai summer

Thursday, 24 July 2014, 1:40 pm | Zespri

In a marketing success for Zespri, more than 1,000 people took part in an enormous Zespri ‘Juicy Water Fight’ in Shanghai to celebrate the launch of Zespri SunGold Kiwifruit in China this season. More >>

Responsible Investments Growing, Outperforming

Thursday, 24 July 2014, 1:35 pm | Responsible Investment Association Australasia

Australia’s most comprehensive report into the responsible investment sector has found the market is undergoing a period of huge growth, with total funds under management in Australia and New Zealand in broad responsible investments increasing by 13% to ... More >>

MPI introduces new biosecurity sniffers

Thursday, 24 July 2014, 1:31 pm | Ministry For Primary Industries

Two young biosecurity sniffers were introduced to the world today, along with a new type of detector dog and a new home for the Ministry for Primary Industries’ (MPI) Auckland-based canine team. More >>

Hiked again, but short pause now expected

Thursday, 24 July 2014, 1:22 pm | HSBC Bank

The RBNZ hiked its cash rate by another 25bp to 3.50%, as expected. As noted in the statement, the economy continues to grow at an above trend pace and, although inflation is low, for now, they expect domestically-produced inflation to pick-up. Today's ... More >>

NZ Post give network services contract to Vodafone

Thursday, 24 July 2014, 1:10 pm | BusinessDesk

NZ Post give network services contract to Vodafone, aiming to cut $19.2M annual spend More >>

Land supply issues and u-turn on business rating policy

Thursday, 24 July 2014, 1:04 pm | Cameron Brewer

Welcome to Auckland. It’s great to be here this morning at the New Zealand Council of Shopping Centres and Property Council’s 2014 Retail Conference aimed at investors, owners and managers of retail property. Recently we have seen some strong growth ... More >>

Telecom Unleashes Ultra Fibre Across Wanganui

Thursday, 24 July 2014, 12:43 pm | Telecom New Zealand

Telecom, soon to be Spark, announced today that it is launching Ultra Fibre Broadband for residential and business customers, and a comprehensive range of UFB-based Corporate internet, data and voice solutions across Wanganui. More >>

National signals short election campaign with Aug 23 launch

Thursday, 24 July 2014, 12:38 pm | BusinessDesk

July 24 (BusinessDesk) - The governing National Party will campaign for re-election for just four weeks before polling day, Sept 20. More >>

NZ Post Group and Vodafone announce network agreement

Thursday, 24 July 2014, 12:17 pm | NZ Post

New Zealand Post Group and Vodafone announce network services agreement A new agreement between New Zealand Post and Vodafone will lead to a complete redesign of New Zealand Post’s network services. The joint announcement follows a competitive tender process ... More >>

Angels flying with new fund

Thursday, 24 July 2014, 12:12 pm | NZ Venture Investment Fund

The New Zealand Venture Investment Fund is partnering with a group of experienced NZ and ex-pat angel investors who have formed Flying Kiwi Angels to invest into start-up companies. More >>

Interim TIAC report on Melling incident

Thursday, 24 July 2014, 12:03 pm | First Union

The Rail and Maritime Transport Union said today that there is long-standing concern about the effectiveness of the Matangi braking system among train drivers, and the union will work with KiwiRail on interim recommendations in a TIAC report out today. More >>

Good Technology: Good Dynamics Secure Mobility Platform

Thursday, 24 July 2014, 11:44 am | Good Technology

Good Technology™, the leader in secure mobility, today announced new features are now available in the Good Dynamics® Secure Mobility Platform, the integrated platform that addresses the needs of all constituents: IT, the end user and mobile application ... More >>

SolarCity welcomes Greens plan to make schools solar hubs

Thursday, 24 July 2014, 11:39 am | SolarCity

Andrew Booth, CEO of New Zealand’s leading solar power company SolarCity welcomes the Green Party’s policy to help schools go solar. After in depth consultation with schools during 2013, SolarCity launched the Solar Schools initiative, to help ... More >>

FMA satisfied with 'pre-offer' talks before prospectuses

Thursday, 24 July 2014, 11:23 am | BusinessDesk

July 24 (BusinessDesk) - The Financial Markets Authority sees no need to regulate how issuers and their book runners communicate with institutional investors prior to a prospectus being registered after criticism offer documents were issued too ... More >>

ACC makes recommendations on levy cuts

Thursday, 24 July 2014, 11:17 am | Accident Compensation Corporation

After considering public feedback, ACC has made some changes to the proposed 2015/16 levies it consulted on during May and June, but will still recommend that the Government implements across the board levy cuts next year. More >>

New Zealand SMEs want longer term, fewer politicians

Thursday, 24 July 2014, 11:16 am | Grant Thornton

A longer parliamentary term and fewer members of Parliament are two key changes that New Zealand business owners would like to see, according to the Grant Thornton International Business Report (IBR). The survey showed that 70% of participants wanted ... More >>

Adrian Littlewood co-chair of Australia NZ Leadership Forum

Thursday, 24 July 2014, 11:14 am | Business NZ

Adrian Littlewood, Chief Executive of Auckland Airport, is the new co-chair of the Australia New Zealand Leadership Forum. The Australia New Zealand Leadership Forum is a grouping of senior business leaders from both sides of the Tasman. The Forum ... More >>

Exports fall in June quarter

Thursday, 24 July 2014, 11:05 am | Statistics New Zealand

The seasonally adjusted value of goods exported fell 7.4 percent to $12.4 billion in the June 2014 quarter, Statistics New Zealand said today. This follows a 0.9 percent increase in the March 2014 quarter, and large increases for the September 2013 and ... More >>

NZ posts eighth monthly trade surplus in June

Thursday, 24 July 2014, 10:53 am | BusinessDesk

July 24 (BusinessDesk) - New Zealand posted its eighth monthly trade surplus in June, led by overseas demand for the nation’s primary products such as milk powder, frozen beef and kiwifruit. More >>

Sealord appoints ex-McCain Food's exec Yung as new CEO

Thursday, 24 July 2014, 10:41 am | BusinessDesk

July 24 (BusinessDesk) - Sealord Group has appointed former McCain Foods boss Steve Yung as its new chief executive, replacing Graham Stuart who is leaving after seven years in charge of New Zealand's second-largest fishing company. More >>

NZForex sign up for RealMe online identification

Thursday, 24 July 2014, 10:36 am | NZForex

It's even easier to sign up and transfer money internationally after a new agreement between international payments specialist NZForex and RealMe, to use its online identification service. More >>

Steve Yung appointed as new Sealord CEO

Thursday, 24 July 2014, 10:31 am | Sealord

Sealord Group Ltd’s Board of Directors has appointed experienced food industry leader Steve Yung as the company’s next CEO. Canadian born Yung has most recently been Managing Director of McCain Foods Australia/New Zealand and will take up his ... More >>

NZForex sign up for RealMe online identification

Thursday, 24 July 2014, 10:14 am | Datacom

24 July, 2014 - It's even easier to sign up and transfer money internationally after a new agreement between international payments specialist NZForex and RealMe, to use its online identification service. More >>

$10 limit for charging for credit reports

Thursday, 24 July 2014, 10:08 am | Office of the Privacy Commissioner

Privacy Commissioner John Edwards says there will now be an upper limit on the amount a credit reporter can charge a consumer for an immediate credit report. An amendment to the Credit Reporting Privacy Code will take effect on 1 September 2014. More >>

Period of OCR stability now needed

Thursday, 24 July 2014, 10:08 am | Business NZ

Following today’s increase in the OCR, a period of stability would be positive for the economy, says BusinessNZ. Chief Executive Phil O’Reilly said a pause in the upward trajectory of the OCR was now called for. “The Reserve Bank has had ... More >>

Mighty River Power: Quarterly Operational Update

Thursday, 24 July 2014, 10:05 am | Mighty River Power

Mighty River Power’s average energy price for sales to customers in the quarter to 30 June 2014 was down 4% on the prior comparable period (pcp), reflecting the highly competitive retail electricity market. More >>

Simpson Grierson Wins Equal Pay Award

Thursday, 24 July 2014, 9:54 am | Simpson Grierson

Simpson Grierson was awarded the Silver Award at the inaugural YWCA Equal Pay Awards announced in Auckland last night. The Silver Award acknowledges Simpson Grierson's commitment to equality. Simpson Grierson HR Director Jo Copeland says: "We are ... More >>

NZ dollar falls after RBNZ says kiwi strength 'unjustified'

Thursday, 24 July 2014, 9:49 am | BusinessDesk

July 24 (BusinessDesk) - The New Zealand dollar shed almost one cent against the US dollar to a six-week low after Reserve Bank governor Graeme Wheeler said the currency's strength was "unjustified", invoking one of the central bank's criteria ... More >>

Westpac Win Gold For Equal Pay

Thursday, 24 July 2014, 9:30 am | YWCA

July 2014 – YWCA Auckland has today announced four outstanding winners of its inaugural Equal Pay Awards, led by Westpac, who were awarded first place - the Gold Award - for best practice as an equal pay employer. More >>

New Parternship Brings New Opportunities

Thursday, 24 July 2014, 9:17 am | Christchurch City Council

Local home-building company Horncastle Homes has secured naming rights to Christchurch’s biggest indoor arena and will work with Vbase to promote the venue. More >>

RBNZ hikes OCR to 3.5%, ‘period of assessment’ now needed

Thursday, 24 July 2014, 9:09 am | BusinessDesk

July 24 (BusinessDesk) - Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was ... More >>

NZ dollar little changed as investors await Reserve Bank

Thursday, 24 July 2014, 8:20 am | BusinessDesk

July 24 (BusinessDesk) - The New Zealand dollar is little changed as investors are reluctant to take positions ahead of the Reserve Bank's decision on interest rates this morning. More >>

While you were sleeping: Apple bolsters optimism

Thursday, 24 July 2014, 7:47 am | BusinessDesk

July 24 (BusinessDesk) - Wall Street was mixed, as investors digested the latest quarterly earnings including from Apple and Boeing, amid ongoing concern about violence in Ukraine and Gaza. More >>

Xero sees 80% revenue growth this year, Intuit 'spooked'

Wednesday, 23 July 2014, 7:22 pm | BusinessDesk

Jul. 23 (BusinessDesk) - Cloud accounting software firm Xero updated shareholders at the annual meeting with a forecast of 80 percent revenue growth in the current financial year in constant dollar terms, and founder chief executive Rod Drury danged ... More >>

MARKET CLOSE: NZ shares gain, led by blue-chip stocks

Wednesday, 23 July 2014, 5:56 pm | BusinessDesk

July 23 (BusinessDesk) - New Zealand shares gained, led by blue-chip stocks such as Sky Network Television, after the latest high-tech initial public offer fizzled with shares of ikeGPS sinking below its sale price. More >>

Toddlers Now Get Benefits Of Probiotics

Wednesday, 23 July 2014, 5:49 pm | BLIS Technologies

Dunedin-based BLIS Technologies has launched a new probiotic powder suitable for children as young as six months old. The powder, part of the BLIS K12™ product range, is aimed at introducing healthy bacteria into the mouth and throats of young ... More >>

Outstanding Success at LA Competition

Wednesday, 23 July 2014, 5:47 pm | Olives New Zealand

New Zealand’s Outstanding Success at the 2014 Los Angeles International Extra Virgin Olive Oil Competition More >>

NZ dollar extends drop vs. A$ after Australian CPI

Wednesday, 23 July 2014, 5:09 pm | BusinessDesk

July 23 (BusinessDesk) - The New Zealand dollar extended its decline against its trans-Tasman counterpart after Australian government figures showed annual inflation accelerated to its fastest pace in four years, and ahead of the Reserve Bank of New ... More >>

Xero and Warehouse Stationery join forces

Wednesday, 23 July 2014, 4:57 pm | Xero

Xero’s vision to connect small business to big business is now a reality with Warehouse Stationery today announced as the next major New Zealand corporate to integrate with Xero. More >>

Vodafone launches Fantastic Fridays

Wednesday, 23 July 2014, 3:50 pm | Vodafone

Love Fridays? So do we! And soon, Vodafone customers won’t have to wait all week for that Friday feeling with the launch of Fantastic Fridays – an incredible range of movie, music and sports experiences, and fantastic Prepay Deals. More >>

English says NZ dollar 'unsustainably high'

Wednesday, 23 July 2014, 3:09 pm | BusinessDesk

July 23 (BusinessDesk) - Finance Minister Bill English said the New Zealand dollar, which hit a record on a trade-weighted basis this year, is "unsustainably high". More >>

Ryman wins most trusted retirement village brand

Wednesday, 23 July 2014, 3:02 pm | Ryman Healthcare

Ryman Healthcare is the most trusted brand in the retirement village industry, according to Reader’s Digest. More >>

Holiday parks keeping confident

Wednesday, 23 July 2014, 2:54 pm | Holiday Accommodation Parks Assn of NZ

The Holiday Parks Business Confidence Monitor for June/July 2014 shows confidence levels are at +66, indicating that 66% of respondents are currently more optimistic than pessimistic. The result is 36 points ahead of this time last year and no respondents ... More >>

TPT Group Appoints Chair and Director

Wednesday, 23 July 2014, 2:49 pm | TPT Group

TPT Group Holdings has appointed Graeme Hansen as Independent Chair and Brendan Wood as Non-Executive Director. More >>

Auckland schools on the menu at The Food Show

Wednesday, 23 July 2014, 2:46 pm | The Food Show

Two Auckland high schools participating in the region wide Young Enterprise Scheme (YES) will compete for business amongst some of New Zealand’s biggest producers of artisan and speciality goods at this year’s Auckland Food Show at the ASB Showgrounds, ... More >>

ARANZ Geo’s CEO awarded PM's Business Scholarship

Wednesday, 23 July 2014, 2:46 pm | ARANZ

CHRISTCHURCH, 23 July 2014 – Shaun Maloney the Chief Executive of ARANZ Geo, the developer of 3D geological modelling software Leapfrog®, has been awarded a Prime Minister’s Business Scholarship. Thirteen senior executives and business owners ... More >>

Profession Recognises Barfoot & Thompson As ‘The Best’

Wednesday, 23 July 2014, 2:45 pm | Barfoot and Thompson

For the second time in three months, Barfoot & Thompson has been named as New Zealand’s best real estate agency. More >>


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