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Latest Business Headlines

Half Year Result Positions Finzsoft for Record Year Profit

Saturday, 29 November 2014, 10:19 am | Finzsoft

Image for publication: Finzsoft Managing Director Andrew Holliday: "Based on the current contracted revenue and pipeline opportunities for the year ending 31 March 2015, we will materially exceed our previous profit guidance of four times ... More >>

Veritas completes acquisition of Better Bar Company group

Friday, 28 November 2014, 5:44 pm | Veritas Investments

Veritas confirms that the transaction to acquire the business and assets of The Better Bar Company group of companies (“BBC”) has been completed and settled today (28 Nov.). More >>

Stellar result for ANZ Lydia Ko Golf Challenge

Friday, 28 November 2014, 5:43 pm | ANZ Bank

Not only is Lydia Ko a sensation on the LPGA tour, but she’s also hitting up a storm on social media. More >>

MARKET CLOSE: NZ shares fall as oil prices weigh on NZOG

Friday, 28 November 2014, 5:31 pm | BusinessDesk

Nov. 28 (BusinessDesk) - New Zealand shares fell paced by New Zealand Oil & Gas as oil prices sank overnight while Air New Zealand gained on the prospect of continuing cheap jet fuel. Pacific Edge gained on its first-half earnings. More >>

CORRECT:Lambskin prices slump

Friday, 28 November 2014, 5:24 pm | BusinessDesk

CORRECT:China's crackdown on polluting tanneries, Russia sanctions drive record slump in lambskin prices More >>

Mowbray widens 1H loss, considers future as listed company

Friday, 28 November 2014, 5:19 pm | BusinessDesk

Nov. 28 (BusinessDesk) - Mowbray Collectables, the listed stamp and collectables dealer and auction house, widened its first-half loss as it records "the worst six months in the company's history" and weighs its future as a listed company. ... More >>

USA’s housed dairying techniques offer lessons for NZ

Friday, 28 November 2014, 5:16 pm | Crowe Horwath

The high input housed dairying that makes up a major portion of USA output, provides valuable lessons for New Zealand farmers on managing the different components that go into these successful ventures, says Neil McAra, Crowe Horwarth Managing Principal ... More >>

NZ dollar heads for 0.7% monthly gain in November

Friday, 28 November 2014, 5:08 pm | BusinessDesk

NZ dollar heads for 0.7% monthly gain in November, bouncing back from mid-year slide More >>

Untouched World back in the White House

Friday, 28 November 2014, 5:02 pm | Untouched World

New Zealand lifestyle brand Untouched World is finding favour in the US. Their Ecopossum™ fine Merino and possum fibre clothing was worn by none other than US President Barack Obama, as he made Thanksgiving Day calls to US troops from the Oval Office this morning. More >>

High NZ rates will keep luring investors into kiwi

Friday, 28 November 2014, 4:20 pm | BusinessDesk

Nov. 28 (BusinessDesk) - New Zealand's relatively high interest rates will continue to lure global investors to the kiwi, creating headaches for local policy makers who, like the rest of the world, want a weaker currency to drive export growth, according ... More >>

A new green home for Ricoh

Friday, 28 November 2014, 3:44 pm | Ricoh

Ricoh NZ officially opens new green-rated Auckland headquarters and releases its 2014 Sustainability Report More >>

Hawke’s Bay Pinot Noir Triumphs

Friday, 28 November 2014, 3:12 pm | Sileni Estates

Hawke’s Bay Pinot Noir trumps wines from New Zealand and Australia’s best Pinot Noir regions More >>

Anthony Vincent Ram struck off

Friday, 28 November 2014, 3:10 pm | New Zealand Law Society

Anthony Vincent Ram struck off The New Zealand Lawyers and Conveyancers Disciplinary Tribunal has ordered that Anthony Vincent Ram be struck from the Roll of Barristers and Solicitors. The Tribunal found the former Auckland lawyer guilty of three charges ... More >>

Claudelands Named as Finalist for Large Venue of the Year

Friday, 28 November 2014, 3:03 pm | Claudelands

Hamilton venue Claudelands has been named as a finalist for Large Venue of the Year in the Entertainment Venues Association of New Zealand (EVANZ) Awards. More >>

Fitzsimons - putting her money where her heart is

Friday, 28 November 2014, 3:01 pm | Carbonscape

November 28, 2014 : Due diligence in investments has a slightly different connotation for retired politician Jeanette Fitzsimons. More >>

Farmers' fitness levels being impacted by technology

Friday, 28 November 2014, 2:37 pm | Dairy NZ

Greater automation and technology has slowed dairy farmers down and impacted their fitness levels, says former Hauraki Plains farmer Ian Handcock. More >>

Fly Buys sees Clearly now

Friday, 28 November 2014, 2:28 pm | Clearly.co.nz

The world's largest online optical store Clearly.co.nz is now offering Fly Buys points on contact lenses, eyeglasses, sunglasses and accessories. More >>

Ulu Aiono to Headline SBN’s End of Year Networking Event

Friday, 28 November 2014, 1:48 pm | Samoa Business Network

The Samoa Business Network (‘SBN’), in collaboration with the Pacific Business Trust (‘PBT’), is excited to host the final SBN networking event for the year. The keynote speaker for the night is the legendary trailblazer in business and COGITA ... More >>

Final decisions: electricity distributor price-quality paths

Friday, 28 November 2014, 1:36 pm | Commerce Commission

The Commerce Commission has issued its final decisions on the default price-quality paths for 16 electricity distributors (lines companies) for the period 2015-2020. More >>

Precinct to raise up to $75M in bond offer to repay banks

Friday, 28 November 2014, 1:32 pm | BusinessDesk

Nov. 28 (BusinessDesk) - Precinct Properties New Zealand, which this week sold its SAP building in Auckland to property mogul Bob Jones for $97 million, plans to raise up to $75 million in a bond offer, which it will use to repay bank debt. More >>

NZ business confidence extends post-election gains

Friday, 28 November 2014, 1:30 pm | BusinessDesk

Nov. 28 (BusinessDesk) - New Zealand business confidence rose for a second month in November, extending post-election gains from a two-year low as firms took a more rosy outlook about their conditions. More >>

International Award for Rockit apple

Friday, 28 November 2014, 1:22 pm | Rockit Apple

The global sensation Rockit™ apple has scored an international award, taking out the New Zealand-Taiwan Business Excellence Award in Taipei last night. More >>

Queenstown’s international visitor spend tops $1 billion

Friday, 28 November 2014, 1:06 pm | Destination Queenstown

The Ministry of Business, Innovation and Employment (MBIE) has today released its annual Regional Tourism Estimates showing Queenstown is the number one regional centre in New Zealand for international visitor expenditure, making up 14% of all international ... More >>

AA strengthens tourism front row

Friday, 28 November 2014, 1:04 pm | Automobile Association

The AA has boosted its tourism credentials with the appointment of an industry leader to a new role at the organisation’s top table. Current Tourism Industry Association chairman Grant Lilly has accepted a role as General Manager Travel and Tourism, a ... More >>

Jetstar helps to improve the view on Bay of Plenty coastline

Friday, 28 November 2014, 1:01 pm | Jetstar

Jetstar today launched a new environmental initiative to use carbon offsets from the Ngati Awa Heritage Estate in the Bay of Plenty for its domestic operations in New Zealand. More >>

Kiwi Men on Crusade for #StubbiesFriday

Friday, 28 November 2014, 12:57 pm | Stubbies

There is nothing worse than putting on a suit or a pair of jeans on a hot Friday afternoon. Our legs deserve freedom. They deserve light, breathable threads. They deserve Stubbies. More >>

Funding success will boost dairy environmental actions

Friday, 28 November 2014, 12:55 pm | DairyNZ

A proven method of working with farmers to improve their environmental performance will be expanded and two new projects will start thanks to funding partnerships between dairy farmers and the Waikato River Authority. More >>

FMA boss Everett sees changing landscape under new law

Friday, 28 November 2014, 12:52 pm | BusinessDesk

Nov. 28 (BusinessDesk) - Financial Markets Authority chief executive Rob Everett expects sweeping changes to securities law will change the landscape for the sector by putting more emphasis on the investing public. More >>

China's tannery crackdown, Russian sanctions dent lambskin

Friday, 28 November 2014, 12:51 pm | BusinessDesk

Nov. 28 (BusinessDesk) - Global lambskin prices have collapsed from the first quarter's record highs, as a Chinese crackdown on polluting tanneries and Russian trade sanctions sapped demand. More >>

G.J. Gardner Homes Celebrate 10,000 Builds

Friday, 28 November 2014, 12:49 pm | GJ Gardner

New Zealand’s no.1 home builder, G.J. Gardner Homes, has reached a significant milestone – building its 10,000th home in New Zealand. More >>

MediaWorks Appoints Executive Producer of New Breakfast Show

Friday, 28 November 2014, 12:46 pm | Mediaworks

MediaWorks is pleased to announce that Sarah Bristow has been appointed as Executive Producer of its new cross-platform breakfast show. Bristow will start work in 2015 on the pioneering new show, which will be hosted by Paul Henry and broadcast simultaneously ... More >>

Pacific Edge Reports Commercial Progress and Revenue Growth

Friday, 28 November 2014, 12:43 pm | Pacific Edge

Pacific Edge Limited (NZX: PEB) has today announced its interim results for the six months to 30 September 2014, with strong revenue growth reflecting the Company’s positive commercial progress following the launch of its revolutionary bladder cancer ... More >>

Green Tick granted access to $100 billion Green Bond market

Friday, 28 November 2014, 12:30 pm | Green Tick

Green Tick Certification Limited (GTC) is pleased to announce that it has been granted Observer status for Green Bond activities by the International Capital Market Association (ICMA), an association of leading banks, including the World Bank, corporates, and ... More >>

Aect Calls on Commission for Price Reset Transparency

Friday, 28 November 2014, 12:28 pm | Auckland Energy Consumer Trust

Auckland, 28 November 2014 - The AECT (Auckland Energy Consumer Trust), on behalf of their more than 316,000 beneficiaries, note the impact of today’s Commerce Commission decision on the Electricity Default Price Path reset for Vector along with the Commission’s ... More >>

NZACU is now Co-op Money NZ

Friday, 28 November 2014, 12:25 pm | Co-op Money NZ

We see your money differently Our Member credit unions and building societies serve their local communities by providing modern products and services expected in today’s market, with a positive focus on helping all New Zealanders improve their financial ... More >>

Air New Zealand named Deloitte / AJ Park Company of the Year

Friday, 28 November 2014, 12:21 pm | AJ Park

Air New Zealand was named the Deloitte / AJ Park Company of the Year at last night's Deloitte Top 200 awards ceremony in Auckland. The Company of the Year award recognises Air New Zealand's best overall organisational performance from the previous year ... More >>

New Chairman Announced at Fastway Couriers

Friday, 28 November 2014, 12:19 pm | Fastway Couriers

Fastway Couriers Ltd is pleased to announce the appointment of Brem Ellingham as Chairman of Fastway Couriers, effective immediately. Bill McGowan has retired as Chairman, however he will continue in the role of Non-Executive Director. Brem has ... More >>

Phase two of financial markets law completes overhaul

Friday, 28 November 2014, 12:05 pm | Financial Markets Authority

Phase two of financial markets law completes long-term overhaul The second phase of New Zealand’s new capital markets and financial services law takes effect from Monday (1 December). Phase two includes licensing provisions that extend to several ... More >>

International visitors spend more in tourist destinations

Friday, 28 November 2014, 11:54 am | Ministry of Business Innovation and Employment

The Ministry of Business, Innovation & Employment (MBIE) today released its Regional Tourism Estimates for the year ending March 2014, showing significant growth in spending by international visitors in New Zealand’s key tourist destinations. More >>

Localist challenges Tall Poppy knockers this Summer

Friday, 28 November 2014, 11:53 am | Localist

Auckland, 27 November 2014 - A passionate New Zealand business has today laid down a challenge to fellow Kiwis to stop knocking those doing well and start being their biggest fans this Summer. More >>

Mobile Mentor Partners with iProximity

Friday, 28 November 2014, 11:51 am | Mobile Mentor

Auckland/Sydney, 28 November 2014 – Enterprise mobility specialist, Mobile Mentor, today announced the signing of a strategic partnership with iProximity, a provider of beacon solutions for proximity marketing and information services. More >>

Electricity Investment Towers About Other Sectors

Friday, 28 November 2014, 11:39 am | Electricity Networks Association

In releasing the latest version of the Electricity Networks Association’s PowerTracker, the Association’s Chair Ken Sutherland says that a key message is that, despite a slow-down in demand, the electricity sector is the “investment giant” among ... More >>

Dwelling consents trend decreasing

Friday, 28 November 2014, 11:27 am | Statistics New Zealand

The trend for the number of new dwellings consented is decreasing, Statistics New Zealand said today. “The trend for new dwellings was recently at its highest level in seven years. While it’s now decreasing, the trend is still 6 percent higher ... More >>

NZ house building consents bounce back in October

Friday, 28 November 2014, 11:22 am | BusinessDesk

NZ house building consents bounce back in October, rise at fastest pace in two years More >>

ASB named Bank of the Year in global awards

Friday, 28 November 2014, 11:17 am | ASB Bank

For the second year in a row, ASB has been named the New Zealand Bank of the Year by leading London-based magazine The Banker . The win was announced at the International Bank of the Year awards held in London last night. More >>

Winners announced in 2014 Plain English Awards

Friday, 28 November 2014, 11:11 am | Consumer NZ

Deloitte New Zealand was the big winner at the 2014 Plain English Awards. The business consultancy has been named Plain English Champion in the search for New Zealand’s clearest communicators. More >>

Cantometer Index holds steady at high levels

Friday, 28 November 2014, 11:10 am | ASB Bank

ASB Cantometer Index holds steady; just shy of record high • Construction demand eases, but from very strong levels of activity • Rebuild boosting demand for workers across the sectors More >>

NZ Online Retail: October, Quartley Report, Infographic

Friday, 28 November 2014, 11:04 am | BNZ

Total online spending in October was up 13% on October last year. • The stand-out performer this month was spending at overseas merchants, which was up 28% on October last year. • A core driver of the strong international growth figure was a surge ... More >>

Consumers Flock to Offshore Retailers But Lack Protection

Friday, 28 November 2014, 11:00 am | Retail NZ

Retail NZ says that a massive 28% year on year increase in spending at overseas online shops shows that the New Zealand retail sector is operating in a highly competitive market, but that consumers may be missing out on some of the added benefits of buying ... More >>

Best In Business Announced at the Deloitte Top 200 Awards

Friday, 28 November 2014, 10:36 am | Deloitte

The stand out performers in New Zealand business for 2014 have been honoured at a ceremony last night in Auckland’s Vector Arena, marking the 25th anniversary of the Deloitte Top 200 Awards. The winners of the 2014 Deloitte Top 200 Awards were ... More >>

Regulator trims 2015 national electricity line prices 1.1%

Friday, 28 November 2014, 10:34 am | BusinessDesk

NZ regulator ruling set to trim national electricity line prices by 1.1% in 2015 More >>

Pacific Edge says it's on track after posting 1H loss

Friday, 28 November 2014, 10:24 am | BusinessDesk

Nov. 28 (BusinessDesk) - Pacific Edge, which makes and markets bladder cancer tests, said its first half loss was unchanged from the year earlier period as increased revenues were channelled into development and marketing of its products, in line ... More >>

VMob widens 1H loss as it chases international growtth

Friday, 28 November 2014, 10:13 am | BusinessDesk

Nov. 28 (BusinessDesk) - VMob Group, the NZAX-listed mobile voucher developer, widened its first half loss as it chased international scale and growth. More >>

Commission releases final Transpower decision

Friday, 28 November 2014, 9:46 am | Commerce Commission

The Commerce Commission has issued its final decisions on the individual price-quality path for Transpower for the period 2015-2020. More >>

Mighty River Power’s longest-serving director to retire

Friday, 28 November 2014, 9:41 am | Mighty River Power

Mighty River Power’s longest-serving director, Tania Simpson, has advised that she will retire from the Company’s Board in June 2015. More >>

NZ dollar rises to record vs. ruble as OPEC maintains output

Friday, 28 November 2014, 8:45 am | BusinessDesk

NZ dollar rises to record vs. ruble after OPEC decides not to cut oil production More >>

While you were sleeping: Oil sinks as OPEC holds

Friday, 28 November 2014, 7:50 am | BusinessDesk

Nov. 28 (BusinessDesk) - Oil slumped, and so did energy stocks, after OPEC ministers decided to maintain the group’s production targets, instead of curbing supply to help a slide in prices. More >>

MARKET CLOSE: NZ shares fall paced by Warehouse

Thursday, 27 November 2014, 5:32 pm | BusinessDesk

MARKET CLOSE: NZ shares fall paced by Warehouse; Air NZ gains on tumbling oil prices More >>

Aggressive expansion plans for NZ iPad software company

Thursday, 27 November 2014, 5:27 pm | Stellar Library

Stellar Library, a cloud-based document management system for iPads, is embarking on an aggressive expansion plan following a recent injection of capital by high profile New Zealand investor Andrew Bagnall. More >>

Innovation Partnership Coming to Gigatown

Thursday, 27 November 2014, 5:25 pm | Innovation Partnership

The Innovation Partnership will meet in Dunedin in February, to discuss how the city can make the most of the opportunity from winning Gigatown. More >>

 

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