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Latest Business Headlines

Reserve Bank seen on hold this week

Monday, 25 September 2017, 5:28 pm | BusinessDesk

Sept. 25 (BusinessDesk) - The Reserve Bank of New Zealand is tipped to keep rates on hold Thursday and acting governor Grant Spencer is widely expected to signal no change on the immediate horizon in his first rate decision. More >>

APEC Launches Micro Enterprise Trading Platform

Monday, 25 September 2017, 4:50 pm | APEC

Singapore, 25 September 2017 – APEC has introduced a new business-to-business platform for enabling cross-border trade among underrepresented but economically vital micro, small, and medium enterprises in the Asia-Pacific. More >>

Sip NZ Bubbles initiative for the Year of The Unicorn

Monday, 25 September 2017, 4:20 pm | Sip NZ Wine

New Zealand wine and lifestyle company Sip NZ announces the launch of Sip NZ Bubbles, an exciting new initiative, celebrating New Zealand made sparkling wines. More >>

Paymark delighted by fourth win in a row

Monday, 25 September 2017, 3:46 pm | Paymark

Auckland, 26 September 2017 - Start For the fourth year in a row, Paymark’s contact centre team has taken out the Business Support Services award at the annual CRM Awards. More >>

NZ stocks, dollar tread water after election

Monday, 25 September 2017, 3:45 pm | BusinessDesk

Sept. 25 (BusinessDesk) - New Zealand markets are treading water as coalition talks get underway after Saturday's general election although sentiment is also being weighed on by offshore events. More >>

Appointment of Chief Technology Officer

Monday, 25 September 2017, 3:30 pm | Fidelity Life

The country’s largest New Zealand-owned life insurer Fidelity Life has announced the appointment of Dan Wilkinson to the newly created role of Chief Technology Officer. More >>

Aussie Carry On for business

Monday, 25 September 2017, 3:30 pm | 2degrees Mobile

2degrees has launched NZ’s simplest roaming option for business customers visiting Australia, removing the need to buy a pack or worry about bill shock. More >>

Fifty Years of providing “A home Away from Home”

Monday, 25 September 2017, 3:28 pm | Ozanam House Trust

In 1967, a totally unique form of patient accommodation for out of town patients was opened for the benefit of cancer patients, and their carers, receiving treatment in the Palmerston North Hospital. Conceived by the Society of St Vincent de Paul ... More >>

Abano buys three dental practices in first quarter

Monday, 25 September 2017, 3:15 pm | BusinessDesk

Sept. 25 (BusinessDesk) - Abano Healthcare bought three new dental practices in the first three months of its financial year, in a period when same-store sales were mixed. More >>

NZ structural log prices advance to 23-year high

Monday, 25 September 2017, 3:12 pm | BusinessDesk

Sept. 25 (BusinessDesk) - New Zealand structural log prices edged up to the highest level in more than two decades as mills compete with the export market to secure supply for the local construction market. More >>

Two Spots in Dish Magazine’s Sauvignon Blanc Tasting Panel

Monday, 25 September 2017, 2:44 pm | Te Pa

Te Pā Takes Out Top Two Spots in Dish Magazine’s Sauvignon Blanc Tasting Panel More >>

Where Are They Now?

Monday, 25 September 2017, 2:33 pm | NZ Dairy Industry Awards

The winners of the 2003 New Zealand Sharemilker of the Year title believe the Dairy Industry Awards are an important part of the industry and career succession, and potential entrants should prepare well and have a go. More >>

UPDATE: Fonterra FY gross margin shrinks

Monday, 25 September 2017, 1:55 pm | BusinessDesk

Sept. 25 (BusinessDesk) - Fonterra Cooperative Group's full-year gross margin dropped about 4 percentage points as the dairy company paid more for milk, while rising prices offset a decline in volumes. The changing mix didn't alter Fonterra's forecast payout. More >>

Three Wins the Week

Monday, 25 September 2017, 1:36 pm | Mediaworks

Three is celebrating winning the week last week with a 27.8% share – its highest weekly share recorded in over ten years. More >>

Co-Op’s Momentum Continues to Deliver Value

Monday, 25 September 2017, 1:31 pm | Fonterra Shareholders Council

Fonterra Shareholders’ Council Chairman, Duncan Coull said that despite the higher FY17 season Milk Price the Fonterra business pushed hard to deliver a solid return and in doing so built on the momentum of the past twelve months and provided confidence ... More >>

Synlait to invest in research and development centre

Monday, 25 September 2017, 1:20 pm | BusinessDesk

Sept. 25 (BusinessDesk) - Synlait Milk, the South Island-based milk processor, will establish a research and development centre in Palmerston North to drive new product development, process technology and packaging. More >>

2017 MSAANZ Retail Recognition Awards

Monday, 25 September 2017, 1:02 pm | Museum Shops Association of Australia and NZ

The Museum Shops Association of Australia & New Zealand’s 2017 Retail Recognition Awards, celebrating innovation and creativity in the unique field of cultural retailing were celebrated at an awards dinner in Sydney on the 21st of September. More >>

Jet fuel to be pumped to Auckland Airport today

Monday, 25 September 2017, 12:59 pm | BusinessDesk

Jet fuel to be pumped to Auckland Airport today, Z Energy sees no impact on earnings More >>

Zespri chooses head of sales Dan Mathieson as new CEO

Monday, 25 September 2017, 12:49 pm | BusinessDesk

Sept. 25 (BusinessDesk) - Zespri, New Zealand's statutory kiwifruit exporter, has chosen its global president of sales and marketing Dan Mathieson as its new chief executive. More >>

Moody's commentary on the latest New Zealand election

Monday, 25 September 2017, 12:48 pm | Moody's

• Moody’s expects the broad consensus on fiscal discipline to be maintained within the coalition government when it is formed, and the government to continue to deliver on the goals of maintaining budget surpluses and reducing debt over the medium term. More >>

Diminishing political returns

Monday, 25 September 2017, 12:46 pm | CMC Markets

Investors are likely to shrug off political developments over the weekend in what looks like a modestly positive start to the trading week. Shares and commodities steadied on Friday night and currency markets are calm in this morning’s early ... More >>

Collective bargaining authorisation application

Monday, 25 September 2017, 12:40 pm | Commerce Commission

The Commerce Commission has received an application from the Waikato - Bay of Plenty Chicken Growers Association Incorporated seeking authorisation on behalf of its members to collectively negotiate the terms and conditions for its members to supply chicken ... More >>

Viaduct Harbour office offers attractive investment

Monday, 25 September 2017, 12:26 pm | Bayleys

Caption: The ground floor offices of 16 Viaduct Harbour Avenue will be of interest to buyers looking for a high-quality office investment. More >>

Risk management and trading services for energy sector

Monday, 25 September 2017, 12:22 pm | Simply Group

Coinciding with its 10-year anniversary and significant growth, Simply Group has launched a new arm focusing on risk management and trading services for the energy industry. More >>

Fonterra FY profit falls 11% on smaller margins

Monday, 25 September 2017, 12:18 pm | BusinessDesk

Sept. 25 (BusinessDesk) - Fonterra Cooperative Group posted an 11 percent decline in full-year profit as margins fell across its ingredients and consumer and food service divisions, and it took an impairment on Beingmate Baby & Child Food. More >>

Abano Annual Meeting Summary And Voting Results

Monday, 25 September 2017, 12:15 pm | Ellis and Co

Abano Healthcare Group Limited (NZX: ABA) held its annual meeting today, updating shareholders on its strategic plan and the progress being made in 2018 financial year to date. More >>

Fletcher confirms KPMG hired

Monday, 25 September 2017, 12:07 pm | BusinessDesk

Sept. 25 (BusinessDesk) - Fletcher Building has confirmed it's hired audit firm KPMG to review four major projects to bolster governance in its construction division. More >>

Electra Announces Sale of DataCol

Monday, 25 September 2017, 12:05 pm | DataCol

Electra Group has entered into an agreement to sell the Datacol business including Australian activities to Wellington-based company, Arthur D. Riley and Co Ltd (‘ADR’). More >>

NZ dollar holds above 73 US cts

Monday, 25 September 2017, 11:52 am | BusinessDesk

Sept. 25 (BusinessDesk) - The New Zealand dollar held above 73 US cents after Saturday's general election saw the incumbent National Party win the most votes, putting it in the box seat to negotiate the formation of a new government. More >>

World Week Ahead: Tonnes of Fed speak ahead

Monday, 25 September 2017, 11:17 am | BusinessDesk

Sept. 25 (BusinessDesk) - A slew of speeches by US Federal Reserve officials including chair Janet Yellen in the coming days will be closely monitored following last week’s more-hawkish-than-expected outlook from the central bank. More >>

Kiwis continue to flock to Vietnam

Monday, 25 September 2017, 11:05 am | Air New Zealand

Air New Zealand has announced it will continue to operate its seasonal non-stop service to Ho Chi Minh City, Vietnam, following strong customer demand. More >>

International Visitor Arrivals to New Zealand

Monday, 25 September 2017, 10:59 am | Statistics New Zealand

25 September 2017 -The latest edition of International Visitor Arrivals to New Zealand (IVA) is now available on the Stats NZ website. More >>

Ethique CrowdFunding

Monday, 25 September 2017, 10:58 am | Ethique

Christchurch based social enterprise Ethique is launching their second equity crowdfunding campaign on PledgeMe on 29 September to fund marketing and expansion in international markets as well as working capital to keep up with demand. More >>

Green Building Council & Superhome Movement Join Forces

Monday, 25 September 2017, 10:56 am | Green Building Council

Efforts to make New Zealanders’ homes warmer, drier, and more efficient have received a big boost with the announcement that the burgeoning Superhome movement, which promotes better, more sustainable housing, has partnered with the New Zealand Green Building ... More >>

Dan Mathieson appointed as new Zespri Chief Executive

Monday, 25 September 2017, 10:02 am | Zespri

25 September 2017 - The Zespri Board of Directors has appointed long-serving Zespri executive Dan Mathieson as the company’s new Chief Executive, taking over from Lain Jager with immediate effect. More >>

Synlait Establishing Research Centre in Palmerston North

Monday, 25 September 2017, 9:50 am | Synlait

Synlait (NZX: SML; ASX: SM1) is establishing a research and development centre in Palmerston North to continue building expertise and capability in food technology. More >>

More Services from Pharmacists Celebrated

Monday, 25 September 2017, 9:42 am | Pharmaceutical Society

The 25th of September is World Pharmacists Day and New Zealand pharmacists will join their colleagues around the globe in celebrating their roles in health care and in research. More >>

Fonterra Announces Solid Year End Results

Monday, 25 September 2017, 9:32 am | Fonterra

Fonterra has today announced a significant increase in total payout for its farmer shareholders and a solid overall operating and financial performance, as part of its 2017 Annual Results. More >>

Whānau Tahi Breaks into US Market

Monday, 25 September 2017, 9:27 am | Te Kura Kaupapa Maori o Te Whanau Tahi

Monday 25th September 2017 - Waipareira owned IT company Whānau Tahi has announced a strategic partnership with Alaskan Native-owned Arctic Information Technology, Inc. (Arctic IT) that will deliver critical technology and connected services to ... More >>

Good Tenants Deserve Good Landlords – Flat Review launches

Monday, 25 September 2017, 9:25 am | Flat Review is a new online reviewing site that allows tenants to get the inside scoop on a rental property before they sign their lease. More >>

South Alive Named Supreme Winner at Community Awards

Monday, 25 September 2017, 9:18 am | TrustPower

South Invercargill Urban Rejuvenation Charitable Trust (South Alive) have taken top honours at Invercargill/Southland’s biggest annual celebration of volunteers, the Trustpower Community Awards. More >>

Celo, Vensa and Orion Health named NZHIT award finalists

Monday, 25 September 2017, 9:18 am | Make Lemonade

Cutting-edge, lifechanging e-health companies Celo, Vensa and Orion Health have been named finalists in the New Zealand Health IT (NZHIT) annual innovation awards. More >>

Rare chance to land big Wairau Valley site

Monday, 25 September 2017, 9:15 am | Bayleys

Caption : Huge opportunity… this big site for sale in Archers Rd in the Auckland suburb of Glenfield, offers multiple options. More >>

A New Toolbox for Businesses

Monday, 25 September 2017, 9:12 am | CEDA

Easy access to business support, advice and resources is the aim of a new website that will help businesses in the Horizons region grow and flourish. More >>

HiFX Morning Update, September 25 2017

Monday, 25 September 2017, 9:06 am | HiFX

The NZDUSD opens at 0.7329 (mid-rate) this morning. As expected the weekend’s election has positioned New Zealand First’s Winston Peter’s in the roll of “King or Queen maker ” but with the National party still in the box seat the NZD has ... More >>

Kiwi may get brief boost after National wins most votes

Monday, 25 September 2017, 8:14 am | BusinessDesk

NZ shares, kiwi may get brief boost after National wins most votes, uncertainty to cap gains By Rebecca Howard More >>

Refinery to Auckland pipeline outage update - Sunday

Sunday, 24 September 2017, 3:15 pm | Fuel Industry

Press Release: Refinery to Auckland pipeline outage update – Sunday 24 September 2017 Fuel customers of Refining New Zealand said they welcomed the successful completion of repairs to the Refinery to Auckland Pipeline, with fuel now flowing to the Wiri ... More >>

Pipeline repair: status update

Sunday, 24 September 2017, 1:11 pm | Refining NZ

Pipeline repair: status update The first batch of jet fuel arrived at Wiri at 10.09am this morning. Settling, recertification and transport to the airport for use will take another 30 hours. More >>

Ruapehu Alpine Lifts granted a new license

Saturday, 23 September 2017, 5:56 pm | Ruapehu Alpine Lifts

Ruapehu Alpine Lifts (RAL) has been granted a new license to operate Mt Ruapehu's Tūroa, New Zealand’s second largest ski area. RAL chief executive Ross Copland says, "We're absolutely thrilled to reach this historic agreement together with ... More >>

Update of repairs to Marsden Point pipeline

Saturday, 23 September 2017, 2:36 pm | Ministry of Business Innovation and Employment

Significant progress has been made to restore fuel supply to Auckland Airport, with the welds on the Marsden Point pipeline successfully passing final inspection, says Ministry of Business, Innovation and Employment Chief Executive Carolyn Tremain. More >>

Refining NZ - Pipeline repair: status update 10.00am

Saturday, 23 September 2017, 10:35 am | Refining NZ

The replacement section of pipe has been welded into place and both ends passed the final weld inspection by pipeline certifier Lloyds, late last night. This is a significant milestone. More >>

MARKET CLOSE: NZ shares up, trading quiet ahead of election

Friday, 22 September 2017, 8:48 pm | BusinessDesk

MARKET CLOSE: NZ shares up, trading quiet ahead of election; Fletcher, TradeMe gain, A2 falls More >>

NZ dollar falls on eve of election

Friday, 22 September 2017, 8:14 pm | BusinessDesk

Sept. 22 (BusinessDesk) - The New Zealand dollar fell heading into Saturday's general election on the back of ongoing sabre-rattling between the US and North Korea. More >>

Pipeline repair: status update

Friday, 22 September 2017, 5:20 pm | Refining NZ

Good progress continues to be made on the repair to our RAP pipeline. The welding at both ends of the new section of pipe passed initial inspection yesterday evening. They will now be re-tested later this evening as per procedure (after a 24-hour holding ... More >>

Jet fuel allocations at Auckland Airport increased

Friday, 22 September 2017, 5:09 pm | BusinessDesk

Sept. 22 (BusinessDesk) - Airlines' jet fuel allocations at Auckland International Airport have been increased today, with fewer cancelled flights and Wynyard Wharf set to receive drop-offs this weekend, says Energy Minister Judith Collins. More >>

General Election forces innovative tax policy discussion

Friday, 22 September 2017, 5:00 pm | Baucher Consulting

The General Election on September 23rd is a tight race between the National incumbents and the Labour challengers. Labour has put taxation policy on the table as an election issue and this is leading to robust discussions about how to make taxation fairer ... More >>

New Talisman Acquires Newcrest NZ Pty Ltd

Friday, 22 September 2017, 3:44 pm | New Talisman Goldmines

New Talisman (NTL) is pleased to announce that, it has acquired 100% of Newcrest New Zealand Exploration Pty Ltd, a subsidiary of Newcrest Mining Limited (Newcrest) that held 80% of the highly prospective Rahu Project with 20% held by NTL. NTL has ... More >>

TruScreen director Tim Preston withdraws nomination

Friday, 22 September 2017, 3:03 pm | BusinessDesk

Sept. 22 (BusinessDesk) - TruScreen director Tim Preston withdrew his nomination for re-election on the eve of yesterday's annual meeting, where the NZAX-listed cervical cancer test developer was upbeat about its prospects of securing Chinese regulatory ... More >>

Mount Local Winner of NZ Draught Master Championship

Friday, 22 September 2017, 2:48 pm | Stella Artois NZ Draught Master Comp

Frankie McGuire from Mount Social Club in Tauranga has been named 2017 New Zealand Draught Master after beating 15 other finalists last night. More >>

Real Journeys 2017 Cruise-for-a-Cause Raises $43,700

Friday, 22 September 2017, 2:08 pm | Real Journeys

The annual Real Journeys Cruise-for-a-Cause to Milford and Doubtful Sounds has raised a total of $43,700 for Forest & Bird and the Cancer Society (Otago and Southland Division). More >>