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Latest Business Headlines

Ngā Taonga Sound & Vision Chief Executive Appointed

Saturday, 25 April 2015, 10:53 am | Nga Taonga Sound and Vision

The Chair of the Board of Trustees of Ngā Taonga Sound & Vision, Jane Kominik, has today announced the appointment of Rebecca Elvy as Chief Executive of Ngā Taonga. More >>

MARKET CLOSE: NZ shares rise; Spark, Meridian gain

Friday, 24 April 2015, 5:38 pm | BusinessDesk

April 24 (BusinessDesk) - New Zealand shares rose, paced by Spark New Zealand and Meridian Energy, as investors sought dividend paying stocks. Xero dropped after it reported its full year loss nearly doubled. More >>

Kiwi heads for 1.7% weekly fall as RBNZ rules out rate hike

Friday, 24 April 2015, 5:29 pm | BusinessDesk

April 24 (BusinessDesk) - The New Zealand dollar is heading for a 1.7 percent decline this week after Reserve Bank assistant governor John McDermott ruled out interest rate hikes ahead of the central bank's official cash rate review next week. More >>

Copy wrong? Copy right!

Friday, 24 April 2015, 4:59 pm | Internet NZ

This is a blog post that has appeared on InternetNZ's website at: . If you would like to be removed from the list that receives blog posts, please email . More >>

Commerce Commission prosecutes Twenty Fifty Club

Friday, 24 April 2015, 4:44 pm | Commerce Commission

Twenty Fifty Club Ltd and its sole director Gavin John Marsich have today appeared in the Manukau District Court facing 17 charges in relation to its pay-day loans business. More >>

Opus wins award for innovative environmental management

Friday, 24 April 2015, 3:36 pm | Opus International Consultants

Opus International Consultants (Opus) has received an award from the New Zealand Planning Institute for its role in the development of an innovative Adaptive Management Framework for managing environmental impacts from Auckland Harbour Bridge maintenance. More >>

Chinese demand drives lamb wool price rises to 6-week high

Friday, 24 April 2015, 3:33 pm | BusinessDesk

April 24 (BusinessDesk) - New Zealand lamb wool prices rose to a six-week high at auction yesterday on increased demand from China for the apparel fibre. More >>

Short-list for Auckland’s passenger rail contract

Friday, 24 April 2015, 3:14 pm | Auckland Transport

Short-list for Auckland’s passenger rail contract Auckland Transport has short-listed three companies that will be invited to tender to operate passenger rail services from 1 July 2016. They are Serco NZ, Transdev Auckland and KiwiRail. Mark Lambert, ... More >>

Communicate at the Speed of Light with Panasonic

Friday, 24 April 2015, 3:02 pm | Panasonic

Auckland, 24 April 2015 - Panasonic System Solutions Asia Pacific has introduced the latest additions to its High Definition Visual Communications (HDVC) System, a platform for multi-site, enterprise-grade video conferencing. The two new models, ... More >>

Why is Wellington keeping its high business differentials?

Friday, 24 April 2015, 2:52 pm | Property Council Of New Zealand

Property Council Wellington Branch is calling for the city to scrap business differentials and replace it with targeted rates. More >>

Spark's market cap slips, as investors weigh competition

Friday, 24 April 2015, 2:33 pm | BusinessDesk

April 24 (BusinessDesk) - Spark New Zealand, formerly Telecom Corp, has slipped from being the country’s largest listed company, as investors mull its transformation away from telecommunications and the risk of increased competition. More >>

Sounds Air expands to 100,000 regional seats over next year

Friday, 24 April 2015, 2:26 pm | Wellington Airport Limited

Sounds Air expands to 100,000 regional seats over the next year Sounds Air announced today that they will be introducing daily flights between Wellington to Taupo in the next few months. With existing routes to Wanganui, Blenheim, Nelson, Picton and ... More >>

Fonterra reshuffles management team

Friday, 24 April 2015, 2:20 pm | BusinessDesk

April 24 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has changed two senior management roles in a bid to push its value-add strategy harder in the wake of shareholder criticism over its weak half-year financial ... More >>

Central North Island to host tourism activity extravaganza

Friday, 24 April 2015, 2:09 pm | TIANZ

In the biggest event of its kind, the Central North Island will host more than 540 TRENZ delegates, including hundreds of the world’s most influential travel and tourism buyers, to an afternoon of activities ranging from tandem sky diving to wine ... More >>

Auckland’s Container Port Takes Top Spot

Friday, 24 April 2015, 1:54 pm | Ports of Auckland

Ministry of Transport statistics show Auckland is the best performing container port in New Zealand. Statistics compiled on the performance of all New Zealand container ports show Ports of Auckland is now unequivocally the best performing container port ... More >>

Fonterra Management Appointments

Friday, 24 April 2015, 1:39 pm | Fonterra Co-operative Group Ltd

Fonterra Co-operative Group Limited today announced changes to the roles and responsibilities of two members of the Fonterra Management Team. Jacqueline Chow, who is currently Managing Director Global Brands and Nutrition, is stepping into the newly created ... More >>

New Zealand returns world class results

Friday, 24 April 2015, 1:31 pm | Colliers International

This is a key finding in Colliers Internationals’ Capital Markets Report where prime average commercial, retail and industrial yields in Auckland and Wellington proved higher than their global counterparts. More >>

New Zealand returns world class results

Friday, 24 April 2015, 1:31 pm | Colliers International

New Zealand returns world class results Offshore investors look to New Zealand property markets April 24, 2015 New Zealand is emerging as one of the preferred property markets for global investors. More >>

CLOUD M launches first business app for the Apple Watch

Friday, 24 April 2015, 1:28 pm | Cloud M

New Zealand’s leading health and safety app Blerter will be available on Apple’s revolutionary wearable Apple Watch at launch. More >>

Fonterra Management Appointments - 24 April 2015

Friday, 24 April 2015, 1:24 pm | Alastair Thompson

Fonterra Co-operative Group Limited today announced changes to the roles and responsibilities of two members of the Fonterra Management Team. More >>

Horticultural production tops $7B, led by wine and apples

Friday, 24 April 2015, 12:31 pm | BusinessDesk

April 24 (BusinessDesk) - Horticultural production has topped $7 billion for the first time, with good growth in nearly all the main industries, including wine, apples, potatoes, and onions. More >>

Changes on Plunket Foundation Board

Friday, 24 April 2015, 12:29 pm | Plunket Foundation

Plunket President Andree Talbot has announced the resignation of Plunket Foundation Chair, Sir Ray Avery. Sir Ray was appointed Chair in June 2013, and was instrumental in the appointment of a new set of Trustees followed by the official launch of the ... More >>

NZ's energy system ranked fourth most secure in the world

Friday, 24 April 2015, 12:21 pm | Business New Zealand

New Zealand has been ranked fourth for energy security amongst the top 25 energy users in the world. More >>

Bring the Cafe Experience to Your Workplace

Friday, 24 April 2015, 12:19 pm | Cafe Express

Let’s face it, New Zealanders are crazy about their coffee, to the extent that some of us are just a wee bit addicted to our particular taste and style of coffee. It is therefore becoming more and more important for employers to provide a café ... More >>

All Safe Scaffolding is Auckland’s first choice

Friday, 24 April 2015, 12:18 pm | All Safe Scaffolding

All Safe Scaffolding is Auckland's first-choice when it comes to scaffolding towers and for scaffold sales and hire, there's no need to look beyond their fantastic range, excellent rates, and quality service. Scaffolding needs to be safe, easy to assemble ... More >>

Race-based water rights a step closer

Friday, 24 April 2015, 12:13 pm | Muriel Newman

Water is being targeted by the Maori elite as the next resource to control. The influential Iwi Leaders Group is pushing ahead with their demand for a proprietary right to freshwater. They want a preferential allocation - in perpetuity - that can be commercialised. ... More >>

Foreign ownership needs closer scrutiny

Friday, 24 April 2015, 12:11 pm | Auckland Property Investors Association

Auckland, New Zealand - 24th May 2015 - The Auckland Property Investors’ Association is calling for closer scrutiny and better understanding of overseas-based property buyers in order to address the stress of the Auckland housing market. More >>

ANZ renews its partnership with Air New Zealand Airpoints

Friday, 24 April 2015, 12:04 pm | Air New Zealand

Air New Zealand and ANZ bank have renewed their partnership relating to the Air New Zealand Airpoints™ programme. Following a successful initial five year term, ANZ has signed for a further five years. In doing so, ANZ Airpoints Visa card holders ... More >>

Pan Pacific independent directors reject Zeta offer

Friday, 24 April 2015, 12:03 pm | BusinessDesk

April 24 (BusinessDesk) - Pan Pacific Petroleum's independent directors have urged shareholders to reject a takeover offer from Zeta Resources, saying the proposal under-values the company and doesn't include a sufficient premium for control. More >>

“Women Shaping Policing”

Friday, 24 April 2015, 11:52 am | NZ Police Association

Police Federation of Australia Women’s Advisory Committee Conference (PFA WAC) 28-29 April, Wellington More >>

New Zealand’s Best Eggs Awarded Last Night

Friday, 24 April 2015, 11:35 am | Business and Community Shares

Three of New Zealand’s most well known companies: Fonterra, Deloitte and The Warehouse were last night crowned “Good Business Eggs” in recognition of their work in the community sector. Whilst these companies might be better known for the scale ... More >>

Lubricant deal slips away as Commission nixes merger

Friday, 24 April 2015, 11:28 am | BusinessDesk

April 24 (BusinessDesk) - The Commerce Commission has ruled against a merger that would have seen New Zealand's most popular brands of adult lubricant products merged under a single owner. More >>

Commerce Commission declines lubricant merger

Friday, 24 April 2015, 11:24 am | Commerce Commission

Commerce Commission declines Reckitt Benckiser lubricant merger The Commerce Commission has declined an application from Reckitt Benckiser Group, owners of Durex, to purchase Johnson & Johnson’s K-Y brand and product assets. More >>

The Warehouse And Neighbourly Announce Partnership

Friday, 24 April 2015, 11:22 am | Joint Press Release

The Warehouse and New Zealand’s first free and private neighbourhood website, , have announced a partnership today to support connected and vibrant communities for all New Zealanders. More >>

LanzaTech has other commercial plants in the pipeline

Friday, 24 April 2015, 11:16 am | BusinessDesk

April 24 (BusinessDesk) - LanzaTech, the New Zealand-founded carbon recycling company, says it has other full-scale commercial plants in the pipeline following this week’s announcement that China Steel Corp will invest US$46 million in a commercial scale ... More >>

Air NZ Airbus engine selection to benefit Christchurch

Friday, 24 April 2015, 10:58 am | Air New Zealand

The Christchurch Engine Centre is set for a period of strong growth after Air New Zealand announced today it has selected the PurePower® PW1100G-JM engine to power its 13 new Airbus A320neo and A321neo aircraft due to join its fleet from 2017. Air ... More >>

Xero annual loss widens as company ramps up investment

Friday, 24 April 2015, 10:47 am | BusinessDesk

April 24 (BusinessDesk) - Xero, the cloud-based accounting software firm, said its annual loss widened even as sales rose, after it increased investment in product development, sales and marketing for future growth. More >>

Mercer's CEO Shepherd, CFO Blathwayt quit the manufacturer

Friday, 24 April 2015, 10:42 am | BusinessDesk

April 24 (BusinessDesk) - Rodger Shepherd, the chief executive of Mercer Group, and Tobin Blathwayt, its chief financial officer, will both leave the stainless steel fabricator and manufacturer after four years with the company. More >>

Abano forecasts FY loss of $1.3M-$1.9M on Aotea sale

Friday, 24 April 2015, 10:32 am | BusinessDesk

Abano forecasts FY loss of $1.3M-$1.9M on sale of Aotea stake, Orthotics More >>

Serko Mobile Now Available On Apple Watch

Friday, 24 April 2015, 10:31 am | Serko

Serko Mobile Users Can Now Get Critical Travel Information Delivered Straight To Their Apple Watch Auckland, New Zealand. 24 April 2015 – Serko Ltd. (SKO.NZ) A leader in online travel booking and expense management for business, announced today ... More >>

Award-Winning New Zealand Film to Screen on Emirates Flights

Friday, 24 April 2015, 10:20 am | Emirates Airlines

Award-winning film What We Do in the Shadows will screen on Emirates airline’s inflight entertainment system, ice,from next month. More >>

Gold pulled in two directions - strong dollar Vs safehaven

Friday, 24 April 2015, 10:17 am | GoldMoney

Gold prices may have slipped to three week lows this week, but it hasn’t been all gloom and doom with online physical metals trading platform, GoldMoney, reporting some interest in both gold and platinum. More >>

Impression Real Estate Reports Record Numbers

Friday, 24 April 2015, 10:14 am | Impression Real Estate

Real estate agents Impression Real Estate of Auckland NZ have reported record numbers during the busiest moving season of the year, suggesting the housing shortage is more extreme than it seems. More >>

Sale of Aotea Pathology Limited

Friday, 24 April 2015, 10:06 am | Abano Healthcare Group Limited

Abano Healthcare Group (NZX:ABA) today announced that it has reached a conditional agreement for Wellington SCL Limited, a wholly owned subsidiary of Healthscope New Zealand Limited, to acquire 100% of the shares of Aotea Pathology Limited (Aotea). More >>

Saying “No Comment” Can Say a Lot

Friday, 24 April 2015, 10:02 am | The Perfect Angle

“If your business has the potential to attract media attention, you need to have a plan in place for handling any publicity you get, good or bad,” says Stephen Leslie, a marketing expert and owner of local marketing consultancy business, The ... More >>

Horticulture production exceeds $7 billion

Friday, 24 April 2015, 10:02 am | Plant and Food Research

New Zealand’s horticultural production has exceeded $7 billion for the first time, according to the latest edition of the industry statistics publication Fresh Facts. More >>

Core Builder Composites growth grant funding clarification

Friday, 24 April 2015, 9:34 am | Callaghan Innovation

It’s been reported that Core Builder Composites have received a grant from Callaghan Innovation for $17.25m. There is some misunderstanding around this figure that needs clarifying. More >>

Consumers object to paying for Transpower’s cost overrun

Friday, 24 April 2015, 9:31 am | Major Electricity Users Group

The original approved cost for Transpower’s North Island Grid Upgrade (NIGUP) was set by the Electricity Commission at $824 million; however costs overran this by $70 million. Now the Commerce Commission has released a draft decision approving ... More >>

New World wins gold at the Readers Digest Awards 2015

Friday, 24 April 2015, 9:27 am | Foodstuffs Limited

Foodstuffs’ has triumphed at the Reader’s Digest inaugural Quality Service Awards winning gold for New World and silver for PAK’nSAVE in the Supermarket category. More >>

Industry-Leading Orchardists Win Supreme in Ballance Awards

Friday, 24 April 2015, 9:24 am | Ballance Farm Environment Awards

Matamata horticulturists Frans and Tineke de Jong, their son Talbert de Jong and his partner Emily Meese are Supreme winners of the 2015 Waikato Ballance Farm Environment Awards (BFEA). More >>

Pharmaco well placed for continued expansion

Friday, 24 April 2015, 9:21 am | Pharmaco

Hon. Peter Dunne, Associate Minister of Health, opens newly enlarged head office Entering new business sectors, two acquisitions, new contracts and a growing business in Australia has meant the need to enlarge Pharmaco (NZ) Limited’s Mount Wellington ... More >>

JUCY Named NZ’s Best for Car Rental Service

Friday, 24 April 2015, 9:14 am | Impact PR

Kiwi-owned company JUCY Rentals has been named best in class for car rentals service in the prestigious 2015 Quality Service Award Survey. More >>

The NZDUSD opens lower at 0.7595 this morning.

Friday, 24 April 2015, 9:11 am | HiFX

The NZD fell sharply across the board yesterday after RBNZ Assistant Governor John McDermott’s speech highlighted the possibility of interest rate cuts. Domestic demand and inflation would both need to weaken before any rate cut comes into view; ... More >>

Xero CFO Jeffries leaves after 2 months in the role

Friday, 24 April 2015, 9:04 am | BusinessDesk

April 24 (BusinessDesk) - Xero, the cloud-based accounting software firm, said its US-based chief financial officer Douglas Jeffries is leaving to pursue other opportunities after only two months in the role. More >>

NZ dollar holds at lower levels after RBNZ rules out hikes

Friday, 24 April 2015, 8:36 am | BusinessDesk

April 24 (BusinessDesk) - The New Zealand dollar held at lower levels after its sudden decline yesterday following Reserve Bank assistant governor John McDermott's comments ruling out interest rate rises. More >>

MARKET CLOSE: NZ shares fall, as Trustpower sale weighs

Thursday, 23 April 2015, 5:43 pm | BusinessDesk

April 23 (BusinessDesk) - New Zealand shares fell, paced by power and broadband company Trustpower as a major shareholder reduced its stake. Spark New Zealand, MightyRiverPower and Contact Energy also declined. More >>

Oracle-owned boatbuilder has had two government grants

Thursday, 23 April 2015, 5:32 pm | BusinessDesk

April 23 (BusinessDesk) - Core Builders Composites, the Warkworth-based company owned by Team New Zealand’s arch-rival Oracle Racing, has had two taxpayer subsidies in the past three years. More >>

NZ dollar drops after RBNZ official says rate hike unlikely

Thursday, 23 April 2015, 5:30 pm | BusinessDesk

April 23 (BusinessDesk) - The New Zealand dollar dropped after Reserve Bank assistant governor John McDermott said the bank isn't considering a rate hike, suggesting next week's official cash rate review may be more dovish than expected. More >>

Local market suspended in flat

Thursday, 23 April 2015, 5:28 pm | CMC Markets

Mixed leads overnight set the tone for Thursday trading. Investors were still pondering inflation numbers and what it means for the timing of a future rate cut. High yielding stocks were under scrutiny and were subjected to downward pressure. The big banks ... More >>

Zomato and Uber announce global tie-up

Thursday, 23 April 2015, 5:14 pm | Zomato

April 23rd, 2015: Zomato , the global restaurant search and discovery app, and Uber, the smartphone app that connects riders with drivers for on-demand transportation, have announced a partnership that will help both products bring more to their users ... More >>


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