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MARKET CLOSE: NZ shares rise; Heartland, Kathmandu climb

Thursday, 30 July 2015, 5:41 pm | BusinessDesk

July 30 (BusinessDesk) - New Zealand shares rose. Heartland New Zealand advanced after the bank affirmed its profit guidance. Kathmandu Holdings gained on the back of a positive earnings forecast by its would-be acquirer, Briscoe Group. More >>

Extra Jetstar route welcomed by Chamber

Thursday, 30 July 2015, 5:29 pm | Wellington Employers' Chamber of Commerce

An extra air connection with Dunedin via a three-times-a-week Jetstar service is likely to bring more people through the capital, says Wellington Employers’ Chamber of Commerce Chief Executive John Milford. More >>

NZ firm one of 2015 Thought Leadership Award Finalists

Thursday, 30 July 2015, 5:16 pm | InfoTrack

Digitally Transforming Legal Service Delivery: 2015 ALPMA/InfoTrack Thought Leadership Award finalists lead the way 30 July, 2015: Four law firms who are digitally transforming legal service delivery have been selected as finalists in the 2015 ALPMA/InfoTrack ... More >>

NZ dollar falls on Wheeler's argument for weaker currency

Thursday, 30 July 2015, 5:10 pm | BusinessDesk

July 30 (BusinessDesk) - The New Zealand dollar fell as a combination of Reserve Bank governor Graeme Wheeler's message that the currency needs to depreciate and a more optimistic US labour market view from the US Federal Reserve weighed on the ... More >>

Moa employees get access to new share scheme

Thursday, 30 July 2015, 4:47 pm | BusinessDesk

July 30 (BusinessDesk) - Craft beer maker Moa Group will give workers another chance to get shares in the company, with a long-term employee option scheme issuing up to 1.2 million share options, More >>

Prominent Queenstown Lawyer Becomes Notary Public

Thursday, 30 July 2015, 3:51 pm | Mactodd

July 30 2015: Prominent Queenstown resource management lawyer and MACTODD partner, Jayne Macdonald, was recently granted a “Notarial Faculty” making her the resort’s first female Notary Public and only the second woman in the South Island to currently ... More >>

Millennium & Copthorne 1H profit soars 93%

Thursday, 30 July 2015, 3:49 pm | BusinessDesk

July 30 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, the hotel operator and property developer, boosted first-half profit by 93 percent as it lifted the performance of its hotel operations and its property developments turned profitable ... More >>

Sir John Todd passes away

Thursday, 30 July 2015, 3:49 pm | Todd Corporation

The former Chairman of the Todd Corporation and one of New Zealand’s most distinguished business leaders of the post-war years, Sir John Todd, has died. More >>

Harmoney founder and CEO Neil Roberts leaves board

Thursday, 30 July 2015, 3:36 pm | BusinessDesk

July 30 (BusinessDesk) - Neil Roberts, founder and majority owner of Harmoney Corp, has stepped down from the peer-to-peer lender's board but will remain as chief executive. More >>

NZ billionaires generally increased their wealth

Thursday, 30 July 2015, 3:08 pm | BusinessDesk

NZ billionaires generally increased their wealth, as record 15 new entrants added to NBR Rich List More >>

NZ Top Tech Head 2015

Thursday, 30 July 2015, 2:42 pm | Recruit IT

Recruit IT, in conjunction with their technical testing partner iclue, have launched the NZ Top Tech Head competition for 2015. More >>

AA celebrates Tauranga Eastern Link highway opening

Thursday, 30 July 2015, 2:01 pm | AA Insurance

AA celebrates Tauranga Eastern Link highway opening The opening of the Tauranga Eastern Link is a huge milestone to celebrate for the Bay of Plenty region, says the Automobile Association. The previous stretch of State Highway 2 from Mount Maunganui ... More >>

Todd family patriarch Sir John Todd dies

Thursday, 30 July 2015, 1:39 pm | BusinessDesk

July 30 (BusinessDesk) - Sir John Todd, the patriarch of New Zealand's wealthy Todd family, has died aged 88 after a period of illness. More >>

Tauranga Eastern Link officially complete

Thursday, 30 July 2015, 1:38 pm | NZ Transport Agency

Tauranga Eastern Link officially complete New Zealand’s newest stretch of state highway – the Tauranga Eastern Link (TEL) - will open to traffic on Monday August 3. The $455 million NZ Transport Agency project delivers 21 kilometres of four-lane, ... More >>

PERRIAM on national stage at New Zealand Fashion Week 2015

Thursday, 30 July 2015, 1:34 pm | Scope Media

PERRIAM on national stage at New Zealand Fashion Week 2015 Luxury merino fashion brand PERRIAM has been selected for a special showcase on wool in fashion at the prestigious New Zealand Fashion Week (NZFW) in August. PERRIAM is among some of the ... More >>

Wool Firms

Thursday, 30 July 2015, 1:21 pm | NZWSI Weekly Wool Market Report

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that despite a slightly stronger New Zealand dollar wool prices were firm to slightly dearer. With less wool available due to weather affecting shearing and ... More >>

Rural Value tracking lower dairy pay-out impact

Thursday, 30 July 2015, 1:07 pm | Quotable Value New Zealand

July 30, 2015 Rural Value tracking lower dairy pay-out impact on farm sale prices More >>

New Zealand to train Vietnamese air traffic controllers

Thursday, 30 July 2015, 1:04 pm | Airways New Zealand

Vietnam’s air traffic controllers will be selected and trained by the internationally established training arm of Airways New Zealand, thanks to an agreement recently signed in Hanoi. Graduates of the six-month programme will be employed by the Vietnam ... More >>

Hospo Forum Designed to Inspire

Thursday, 30 July 2015, 12:53 pm | Pead PR

It’s commonly accepted that members of the hospitality industry are past masters at celebrating their profession. However, this September things become a little more studious for New Zealand food and beverage professionals. More >>

Dairy modules hitting the spot for DWN members

Thursday, 30 July 2015, 12:44 pm | Dairy Women's Network

Dairy Women’s Network has received feedback on how its latest professional development offering is being perceived by its members – with impressive results. More >>

CDL Investments lifts 1H profit 3.6% on 'satisfactory' sales

Thursday, 30 July 2015, 12:43 pm | BusinessDesk

July 30 (BusinessDesk) - CDL Investments, the residential property developer controlled by Millennium & Copthorne Hotels New Zealand, lifted first-half profit 3.6 percent on what it called "satisfactory" sales which reflected the current market. More >>

Bayer Wairarapa Young Viticulturist of the Year announced

Thursday, 30 July 2015, 12:32 pm | Young Viticulturist of the Year

Bayer Wairarapa Young Viticulturist of the Year 2015 announced A great win for Mark Langlands from Te Kairanga as he becomes the Bayer Wairarapa Young Viticulturist of the Year 2015. Contestants battled it out at Te Kairanga Vineyard with their final ... More >>

ARANZ Geo recognised for continuing global success

Thursday, 30 July 2015, 12:27 pm | ARANZ Geo Limited

CHRISTCHURCH, 30 July 2015 – ARANZ Geo Limited, a world leader in the interpretation and visualisation of geological data for the mining, environmental, renewable energy and other geologically dependent industries, has been named as a finalist in the ... More >>

Jetstar has 6th NZ domestic route, adds trans-Tasman flights

Thursday, 30 July 2015, 12:21 pm | BusinessDesk

July 30 (BusinessDesk) - Jetstar, the low-cost offshoot of Australian-owned Qantas Airways, will add a sixth domestic route with a new Wellington/Dunedin schedule and bolster its trans-Tasman flights as it looks to win passengers from dominant rival ... More >>

ARANZ Medical a Champion Canterbury finalist

Thursday, 30 July 2015, 12:12 pm | ARANZ Medical

CHRISTCHURCH, NZ., 30 July, 2015 – ARANZ Medical has been named a Champion Producer/ Manufacturer category finalist in the 2015 Champion Canterbury Business Awards. More >>

Jetstar announces new Wellington-Dunedin services

Thursday, 30 July 2015, 12:11 pm | Jetstar

Jetstar will bring low fares to an additional domestic jet route from October this year with the introduction of a new service between Wellington and Dunedin. More >>

Brierley's Mercantile wins over Ask Funding board

Thursday, 30 July 2015, 12:02 pm | BusinessDesk

July 30 (BusinessDesk) - Ron Brierley's Mercantile Investment has won over the board of takeover target Ask Funding after sweetening its offer last week. More >>

Radford to stay at Bethunes board after Mowbray departs

Thursday, 30 July 2015, 11:45 am | BusinessDesk

July 30 (BusinessDesk) - Bethunes Investments' outgoing chairman Murray Radford will stay on the board of the auction house formerly known as Mowbray Collectables after founder John Mowbray declared his resignation as director yesterday. More >>

NZ home building consents fall 4.1% in June

Thursday, 30 July 2015, 11:20 am | BusinessDesk

July 30 (BusinessDesk) - New Zealand residential building consents fell 4.1 percent in June as construction intentions in Canterbury tapered off, with the region's housing rebuild nearing a plateau. More >>

Novotel Gets Queenstown Frozen and raises over $30,000

Thursday, 30 July 2015, 11:19 am | Accor Hotels and Resorts

Novotel Gets Queenstown Frozen and raises over $30,000 for Cure Kids and Queenstown Primary School Novotel Queenstown Lakeside held their eighth annual Cure Kids Fundraiser on Friday 24 July 2015, raising over $28,000 for Cure Kids and $5,000 for Queenstown ... More >>

Finalists for 2015 New Zealand Architecture Awards announced

Thursday, 30 July 2015, 11:13 am | New Zealand Institute of Architects

Finalists for 2015 New Zealand Architecture Awards announced Forty-six buildings, ranging from house alterations to a police station and from traffic interchanges to an art gallery, have been shortlisted in the awards programme that decides New ... More >>

Cut unprofitable production – DairyNZ CEO

Thursday, 30 July 2015, 11:06 am | DairyNZ

With the continued decline in milk price, DairyNZ chief executive Tim Mackle is calling on farmers to cut unprofitable production from their systems. More >>

Pukeko Pictures Announces Appointment of Clive Spink as CEO

Thursday, 30 July 2015, 10:59 am | Pukeko Pictures

Pukeko Pictures Announces Appointment of Clive Spink as Chief Executive Officer Thursday July 30 2015 …Wellington, New Zealand… More >>

Over 12,000 new homes consented in first half of 2015

Thursday, 30 July 2015, 10:57 am | Statistics New Zealand

More homes were consented in the first six months of 2015 than a year previously, Statistics New Zealand said today. Between January and June 2015, 12,057 new dwellings, worth almost $4 billion, were consented. More >>

NZOG seeks partners for 2017 drilling offshore Otago

Thursday, 30 July 2015, 10:55 am | BusinessDesk

July 30 (BusinessDesk) - New Zealand Oil & Gas says exploration drilling of the Barque prospect in the Canterbury basin, which has the potential to be the nation's biggest-ever hydrocarbon discovery, is expected to start in 2017, subject to securing ... More >>

More NZ businesses agree to end ‘opt out’ pricing

Thursday, 30 July 2015, 10:54 am | Commerce Commission

The Commerce Commission has welcomed the decisions of House of Travel and Nakedbus to end the use of additional ‘opt out’ charges when selling tickets to customers online. More >>

Food and hospitality revolution coming to New Zealand

Thursday, 30 July 2015, 10:40 am | PropertyNZ

Over the past five years, Australia and New Zealand have experienced a massive change in the range and diversity of modern popular cuisines. More >>

Business “appalled” with government’s treatment of KiwiRail

Thursday, 30 July 2015, 10:20 am | First Union

The rail workers’ union is backing calls from Mainfreight chairman Bruce Plested for “more positive support for long-term rail infrastructure”, says Rail and Maritime Transport Union (RMTU) General Secretary Wayne Butson. More >>

Sharemilkers need re-budgeting during these tough times

Thursday, 30 July 2015, 10:20 am | Federated Farmers

Federated Farmers says sharemilkers urgently need to go through partial budgets with their farm owners. More >>

Mortgage statistics need careful interpretation

Thursday, 30 July 2015, 10:17 am | NZ Property Investors Federation

Latest Reserve Bank lending data released this week has shown that, over the last year, the proportion of lending to investors has risen from 29 percent to 33 per cent. This has led some to believe that property investment is rampant and a major ... More >>

Saatchi & Saatchi NZ billings drop, Clemenger commissions up

Thursday, 30 July 2015, 10:10 am | BusinessDesk

Saatchi & Saatchi NZ owner's 2014 billings drop 4.7%, Clemenger's commissions rise 6.3% More >>

Sporadic 16 - July 30 2015

Thursday, 30 July 2015, 9:48 am | BNZ

The sharp fall in dairy prices happening at the same time as falls in business and consumer confidence readings has led some people to predict recession and further large falls in interest rates and the exchange rate. However ahead of our last two ... More >>

Wholesale Investor NZ Emerging Growth Company Showcase

Thursday, 30 July 2015, 9:45 am | Wholesale Investor

Leading New Zealand and Australian innovation to be featured at the Wholesale Investor New Zealand Emerging Growth Company Showcase in Auckland More >>

Stack ‘em up, knock ‘em down

Thursday, 30 July 2015, 9:37 am | Countdown Supermarket

Countdown brings Kiwi families a modern twist on a classic playground toy with the release of Disney • Pixar Domino Stars More >>

Bull calves have value – no bull!

Thursday, 30 July 2015, 9:35 am | CRV Ambreed

30 July 2015 Bull calves have value – no bull! In tight times dairy farmers are looking for new ways to add cash to their back pocket and CRV Ambreed believes the cash can often be found in the bull calf. CRV Ambreed’s breeding team manager, ... More >>

CB Norwood Distributors Support Farm Environment Awards

Thursday, 30 July 2015, 9:33 am | Farm Environment Trust

A leading farm machinery company has thrown its weight behind the Ballance Farm Environment Awards (BFEA). More >>

Turners buys Southern Finance for $5 million

Thursday, 30 July 2015, 9:28 am | BusinessDesk

July 30 (BusinessDesk) - Turners, formerly known as Dorchester Pacific, has bought Southern Finance for $5 million, giving the finance company greater exposure in the South Island as it continues to expand its loan book. More >>

Student named ANZ’s first NZ Technology Intern

Thursday, 30 July 2015, 9:27 am | ANZ Bank

IT student Aidan Brown’s skills, attitude and commitment have been recognised by ANZ bank which has awarded him its first New Zealand Technology Internship. More >>

Heartland says 2016 profit may rise as much as 15%

Thursday, 30 July 2015, 9:27 am | BusinessDesk

July 30 (BusinessDesk) - Heartland New Zealand, the Auckland-based lender, said profit may rise as much as 15 percent in 2016, while affirming its guidance for earnings this year to reach the top of its forecast range. More >>

Gull Brews up Lower Fuel Prices

Thursday, 30 July 2015, 9:26 am | Haystac

Price drop at Gull tops off milestone month Motorists fuelling up at Gull this month have been treated to a limited edition 98 Octane biofuel, with DB Export Brewtroleum temporarily taking the place of Gull Force 10 during July. The high performance fuel ... More >>

Spark NZ chooses Globetom Convergent Billing Platform

Thursday, 30 July 2015, 9:25 am | Spark NZ

Spark New Zealand, a major ICT provider to New Zealand businesses providing fixed line telephone services, a mobile network, and internet services, has signed a 5 year agreement with Globetom, a South African product development and systems integration ... More >>

Lexus Nx Leads the Medium Luxury Suv Segment

Thursday, 30 July 2015, 9:15 am | Lexus New Zealand

The steady increase in the demand for SUV vehicles has seen the Lexus NX lead the Medium Luxury SUV segment with over 20% share based on 2015 YTD sales (to the end of June). More >>

Briscoe says first-half profit rose at least 8.1%

Thursday, 30 July 2015, 9:12 am | BusinessDesk

July 30 (BusinessDesk) - Briscoe Group, the retail chain mounting a hostile takeover of Kathmandu Holdings, says first-half profit rose at least 8.1 percent, outpacing sales growth in the period, as the company continued to fatten its margins. More >>

HiFX Morning Update – July 30

Thursday, 30 July 2015, 8:58 am | HiFX

The NZDUSD opens at .6672 this morning. The NZD has lost ground overnight after it rallied over .6700 post the RBNZ Governor Wheeler’s speech yesterday More >>

Gentrack CEO Docking to leave after decade in charge

Thursday, 30 July 2015, 8:54 am | BusinessDesk

July 30 (BusinessDesk) - Gentrack Group chief executive James Docking is to leave next year, ending a decade-long tenure as leader of the transport and utilities software developer. More >>

While you were sleeping: Wall St gains on Fed

Thursday, 30 July 2015, 8:53 am | BusinessDesk

July 30 (BusinessDesk) - Wall Street’s rally accelerated on better-than-expected earnings and after the US Federal Reserve kept alive expectations it will raise its target interest rate this year as the outlook for the economy brightens. More >>

NZ dollar falls as upbeat Fed drives greenback higher

Thursday, 30 July 2015, 8:49 am | BusinessDesk

July 30 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve noted a strengthening US labour market and improvement in the housing market, factors that may herald a lift in US interest rates from near zero. The greenback was broadly ... More >>

MARKET CLOSE: NZ shares rise; F&P Healthcare gains to record

Wednesday, 29 July 2015, 5:47 pm | BusinessDesk

July 29 (BusinessDesk) - New Zealand shares rose as a decline in the currency and the promise of lower interest rates boosted sentiment for equities. Meridian Energy led the market higher, as Fisher & Paykel Healthcare rose to a record. More >>

Mainfreight calls for transport strategy involving KiwiRail

Wednesday, 29 July 2015, 5:40 pm | BusinessDesk

July 29 (BusinessDesk) - Mainfreight chairman Bruce Plested has criticised what he says is the government's lack of a national transport plan, throwing his support behind state-owned rail operator KiwiRail and calling it an integral part of the ... More >>

Ballance delivers cash to shareholders up front

Wednesday, 29 July 2015, 5:19 pm | Ballance Agri-Nutrients

Farm nutrient co-operative Ballance Agri-Nutrients has fast-tracked its 2014/15 rebate and dividend payment to get much-needed cash to farmers early. More >>

 

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