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Latest Business Headlines

MARKET CLOSE: NZ shares fall; Meridian, Genesis, MRP decline

Monday, 24 November 2014, 5:44 pm | BusinessDesk

Nov. 24 (BusinessDesk) - New Zealand share fell, paced by Meridian Energy, Contact Energy and MightyRiverPower as some investors looked to crystalise recent gains. Fletcher Building fell as investors weighed the construction company's outlook. More >>

Cheapflights offers hints on how to get an upgrade

Monday, 24 November 2014, 5:31 pm | Cheapflights

If you like the idea of flying at the pointy end of the aircraft, but it hurts to part with the thousands of dollars that go with purchasing a business class or first class ticket, the team at http://cheapflights.com.au have some tips for you. More >>

NZ dollar little changed as traders mull ECB's pledge

Monday, 24 November 2014, 5:26 pm | BusinessDesk

Nov. 24 (BusinessDesk) - The New Zealand dollar was little changed in quiet trading with Japanese markets closed and as traders mulled European Central Bank president Mario Draghi's pledge to do what was needed to support the region's economy. More >>

Key concedes new budget forecasts could be a 'small' deficit

Monday, 24 November 2014, 5:21 pm | BusinessDesk

Nov. 24 (BusinessDesk) - Prime Minister John Key has intimated for the first time that the Treasury's half-year fiscal and economic update on Dec. 16 could change the forecast of a budget surplus to a small deficit, although he is optimistic that ... More >>

Air New Zealand Wine Awards Champion Gewurztraminer

Monday, 24 November 2014, 5:17 pm | Spy Valley Wines

The Air New Zealand Wine Awards is New Zealand’s premier wine competition created to encourage and reward excellence in New Zealand winemaking for the benefit of winemakers and consumers. More >>

Manuka Health opens multi-million dollar facility

Monday, 24 November 2014, 5:04 pm | Manuka Health

Manuka Health officially opened the doors of its brand new multi-million dollar, purpose-built honey processing and distribution centre, on Friday 21 November 2014. It is now the largest customised honey facility in New Zealand. More >>

Texel lamb crowned as best in the country

Monday, 24 November 2014, 4:30 pm | TDM Events

Ashburton farmer Paul Gardner took out the 2014 Mint Lamb Competition at the Canterbury A&P Show on November 12. His Texel lamb was judged as the country’s best lamb from paddock to plate. Farmers from throughout New Zealand were invited to showcase ... More >>

The Warehouse Group announces exit of R18 games and DVDs

Monday, 24 November 2014, 4:27 pm | Warehouse Stationary

Today, The Warehouse Group announced that it will be taking R18 games and DVDs off the shelves following a review of its range. As a result the Group will no longer be stocking R18 games and DVDs within The Warehouse and Noel Leeming stores and online, ... More >>

Christmas gift for the wine lover, 2009 The Visionary

Monday, 24 November 2014, 4:01 pm | Taylors Wines

Looking for the perfect gift for the wine enthusiast who has everything? Look no further than the highly acclaimed inaugural Taylors 2009 The Visionary Cabernet Sauvignon 2009, available in New Zealand for $180 a bottle. The Visionary is an estate grown ... More >>

HB council could lease Napier-Gisborne line from KiwiRail

Monday, 24 November 2014, 3:43 pm | BusinessDesk

Nov. 24 (BusinessDesk) - Kiwirail, the state-owned railroad, has conditionally agreed to lease the mothballed Napier-to-Gisborne line to Hawke’s Bay Regional Council, effectively giving the local authority an option to resurrect the unprofitable route. More >>

Spark piggybacks on Chinese R&D with Huawei contract

Monday, 24 November 2014, 3:25 pm | BusinessDesk

Nov. 24 (BusinessDesk) - Spark New Zealand has got closer to Chinese telecommunications vendor Huawei Technologies in an expanded deal to accelerate the roll-out of mobile services and upgrade the local carrier’s XT network. More >>

Philanthropic Mexican franchise to open in Queenstown

Monday, 24 November 2014, 3:16 pm | Southern PR

Australian-owned Mexican franchise Zambrero is the latest new business to announce it will open at Queenstown’s The Landing next year alongside well-known health providers Remarkable Physios and an ethnic grocery specialist. More >>

Silver Fern Farms Premier Selection Awards

Monday, 24 November 2014, 3:13 pm | Silver Fern Farms

Twelve of the country’s top restaurants have made the final cut in the second annual Silver Fern Farms Premier Selection Awards. More >>

NZ Racing Board Welcomes Minister’s Announcement

Monday, 24 November 2014, 3:05 pm | NZ Racing Board

NZ Racing Board Chair Glenda Hughes has welcomed the off-shore betting announcement made by Minister for Racing Nathan Guy at the organisation’s Annual General Meeting in Petone today. Speaking from the AGM Minister Guy has announced the creation of ... More >>

Compost Helps Break Down Costs at Trevelyan’s

Monday, 24 November 2014, 3:03 pm | Village Public Relations

Compost Helps Break Down Costs at Trevelyan’s TAURANGA, Monday 24 November 2014: Innovative post-harvest operator Trevelyan’s aims to produce zero waste and be carbon and water neutral in future – and sustainability results for 2014 show it’s ... More >>

Smartpay shares climb 15% after launch of taxi booking app

Monday, 24 November 2014, 2:57 pm | BusinessDesk

Nov. 24 (BusinessDesk) - Shares of Smartpay climbed 15 percent after the listed payments terminal supplier launched its taxi booking and payment mobile app as a precursor to a roll-out across the Tasman. More >>

Tohu Wines success bubbles over

Monday, 24 November 2014, 2:36 pm | Kono Beverages

Tohu Wines had something to celebrate with on Saturday night when it was awarded the trophy for the best sparkling wine at the prestigious Air New Zealand Wine Awards for its Tohu Rewa Reserve Marlborough Blanc de Blanc 2011. When accepting the award, ... More >>

Mr Merlot does it again as Esk Valley reign at Wine Awards

Monday, 24 November 2014, 2:07 pm | Esk Valley

Mr Merlot does it again as Esk Valley reign at Air New Zealand Wine Awards More >>

Crowne Plaza Queenstown awarded for Best Ski Hotel

Monday, 24 November 2014, 2:05 pm | Crowne Plaza Queenstown

Multi-award winning Crowne Plaza Queenstown has topped off a stellar winter season with news it’s been voted New Zealand’s Best Ski Hotel at the second annual World Ski Awards in Kitzbühel last Saturday November 22. More >>

Appointment of Spark PR & Activate General Manager

Monday, 24 November 2014, 1:59 pm | Spark PR and Activate

PHD Group is delighted to announce the appointment of Robin Wilson to General Manager of Spark PR & Activate. More >>

Debitsuccess again gets highest PCI DSS compliance rating

Monday, 24 November 2014, 1:54 pm | DebitSuccess

Debitsuccess, Australasia’s leading payment solutions company, has been accredited with the highest PCI DSS compliance rating (Level 1) for the fourth year running, maintaining its standing as an industry leader in data security for financial transactions. More >>

Victory for Villa Maria as Pinot Noir thrills

Monday, 24 November 2014, 1:44 pm | Villa Maria Estate

It was a night to remember as Villa Maria Estate picked up one of the highest accolades of the evening, the O-I New Zealand Reserve Wine of the Show Trophy, at the 28th Air New Zealand Wine Awards. The Villa Maria Single Vineyard Southern Clays Marlborough ... More >>

Vidal Legacy Chardonnay triumphs at the Air NZ Wine Awards

Monday, 24 November 2014, 1:43 pm | Vidal Estate

“An absolutely incredible moment” were the words out of Hugh Crichton’s mouth when the results for Champion Wine of the Show were announced at the 28th Air New Zealand wine awards. More >>

Customs brokers welcome Trade Single Window development

Monday, 24 November 2014, 1:27 pm | Customs Brokers and Freight Forwarders Federation

The Customs Brokers and Freight Forwarders Federation of New Zealand (CBAFF) has welcomed the announcement of measures that will help streamline processes for the industry. More >>

iTICKET wins 2014 Fast 500 Asia Pacific ranking

Monday, 24 November 2014, 1:25 pm | iTicket

MONDAY 24 NOVEMBER 2014: Event ticketing company, iTICKET, has won a place on the 2014 Deloitte Technology Fast 500 ™ Asia Pacific index. It means the company is one of the 500 fastest growing technology organisations in Asia Pacific. More >>

Takeovers Panel Reports on Achieving Its Objectives

Monday, 24 November 2014, 1:23 pm | Takeovers Panel

The 2014 Annual Report of the Takeovers Panel has just been published, having been tabled in Parliament. More >>

Bridgestone’s Pink Cap Drive for NZ Breast Cancer Foundation

Monday, 24 November 2014, 1:16 pm | Bridgestone

Bridgestone New Zealand has seen huge support, hugs, fun and emotion in this year’s Bridgestone Pink Cap Drive which raises money for the New Zealand Breast Cancer Foundation. The campaign started on 1st October and runs till the end of this month. More >>

Hat-Trick of Trophies for The Doctors’ Riesling 2014

Monday, 24 November 2014, 1:07 pm | Forrest Wines

Iconic New Zealand wine; The Doctors’ Riesling 2014 has won a hat-trick of trophies this month - picking up a double for Champion Riesling and, significantly, the Champion Open White Wine at the Air New Zealand Wine Awards on Saturday night. A hat-trick ... More >>

TomTom supports Wearable Technology Introduction

Monday, 24 November 2014, 1:05 pm | Tom Tom

Auckland, 24 November – TomTom (TOM2) has been selected by Intel and Opening Ceremony to provide Location Based Services for the MICA, “My Intelligent Communication Accessory”. TomTom will provide real-time location information to power the MICA ... More >>

Beauty and beyond – new retailers land at Auckland Airport

Monday, 24 November 2014, 1:02 pm | Auckland Airport

Auckland Airport is expanding its international duty free shopping experience with the addition of a range of covetable local and international brands. More >>

Beef + Lamb New Zealand Calls for Remits

Monday, 24 November 2014, 12:37 pm | Beef And Lamb NZ

Beef + Lamb New Zealand Calls for Remits Beef + Lamb New Zealand is calling for remits to next year’s annual meeting, being held on Tuesday 10 March in the Southern South Island electorate. Livestock farmers who want to propose written remits are invited ... More >>

Ignore prohibition notices at your peril

Monday, 24 November 2014, 12:25 pm | WorkSafe NZ

Builder Grant Collings was fined $18,000 in the Christchurch District Court today for breaching a WorkSafe New Zealand prohibition notice which was issued to prevent worker’s from the continued risk of a likelihood of serious harm. On 3 December ... More >>

Little's shadow Cabinet has Robertson finance, King deputy

Monday, 24 November 2014, 12:22 pm | BusinessDesk

Nov. 24 (BusinessDesk) - Newly elected Labour Party leader Andrew Little has appointed his closest rival for the job, Grant Robertson, to the crucial finance role previously held by David Parker and put caucus steady hand Annette King into the deputy leadership ... More >>

Strong visitor arrivals heading into summer

Monday, 24 November 2014, 12:16 pm | Tourism New Zealand

Tourism New Zealand is welcoming the ongoing growth in holiday visitor arrivals – up 6.4 for the year ending October – pushing total holiday arrivals to 1.3 million visitors. The data, released today by Statistics New Zealand, reveals that total ... More >>

Plus4 Insurance Solutions Establishes Presence in Dunedin

Monday, 24 November 2014, 11:55 am | Plus4

Plus4 Insurance Solutions (Plus4), the national insurance broking and financial adviser group, today announced that two Dunedin-based advisers; Tony Chave and Tim Oliver have joined Plus4, establishing the group’s presence in Otago. More >>

Belfast researcher to become Otago Professor of Theology

Monday, 24 November 2014, 11:53 am | University of Otago

Dr David Tombs, a leading public theology and reconciliation researcher working in Northern Ireland, will take up the University of Otago’s Howard Paterson Chair in Theology and Public Issues in January. The Chair is part of the University’s ... More >>

AUT University Professor named as HRC’s new Chief Executive

Monday, 24 November 2014, 11:43 am | Health Research Council

Experienced public health researcher Professor Kathryn McPherson has been appointed the new Chief Executive of the Health Research Council of New Zealand (HRC). Professor McPherson, who is currently Professor of Rehabilitation (Laura Fergusson Chair) and ... More >>

What gets your goat

Monday, 24 November 2014, 11:42 am | Southern Cross Travel Insurance

What gets your goat Dirty accommodation, loud, arrogant tourists and smelly airline passengers are among the biggest irritations when travelling, according to the annual survey of New Zealand travellers carried out by Southern Cross Travel Insurance (SCTI). ... More >>

G-Mana Wholesale Autos Grand Opening

Monday, 24 November 2014, 11:41 am | G-Mana Wholesale Autos

The car sales industry in South Auckland is a lucrative and competitive business. But locally owned G-MANA WHOLESALE AUTOS Ltd by Samoan entrepreneur Afioga Galumalemana Tai Galumalemana in Papatoetoe announced that their second branch will be launched ... More >>

NZ net migration rises to record in Oct as more kiwis return

Monday, 24 November 2014, 11:36 am | BusinessDesk

NZ net migration rises to fresh record in Oct as more kiwis return, Indian students arrive More >>

Treble Cone Wins Best Ski Resort Back-to-Back in 2014

Monday, 24 November 2014, 11:25 am | Treble Cone

Treble Cone (Wanaka, NZ) has been announced as the winner of New Zealand’s Best Ski Resort for the second consecutive year at the 2nd annual World Ski Awards over the weekend. ‘Hundreds of thousands of travel professionals and skiers across the ... More >>

More visitors holidaying in New Zealand

Monday, 24 November 2014, 10:56 am | Statistics New Zealand

The number of overseas visitors arriving on holiday (98,100) to New Zealand increased 14 percent in October 2014 compared with October 2013, Statistics New Zealand said today. The number of visitor arrivals to New Zealand in total for October 2014 (210,600) ... More >>

Precinct sells SAP tower to Bob Jones for $97 million

Monday, 24 November 2014, 10:55 am | BusinessDesk

Nov. 24 (BusinessDesk) - Precinct Properties New Zealand, formerly known as AMP NZ Office, has sold its SAP Tower in Auckland to property mogul Bob Jones for $97 million, $1.4 million above its book value. More >>

Acurity lifts 1H earnings 22% on more DHB work, cost cuts

Monday, 24 November 2014, 10:49 am | BusinessDesk

Nov. 24 (BusinessDesk) - Acurity Health Group, the hospital operator set to be taken private by its three biggest shareholders, lifted first-half by profit 22 percent after increasing revenue from district health board work, and continued to clamp ... More >>

RIS releases overdue annual report, tagged by auditor

Monday, 24 November 2014, 10:41 am | BusinessDesk

Nov. 24 (BusinessDesk) - Shares of RIS Group have resumed trading after the NZAX-listed shell company lodged its overdue annual report, which has been tagged by its auditors and shows it may need to raise more funds to avoid administration. More >>

Scales full-year earnings may exceed prospectus forecast

Monday, 24 November 2014, 9:29 am | BusinessDesk

Nov. 24 (BusinessDesk) - Scales Corp, the fruit and vegetable logistics company, will pay a 3 cent per share interim dividend and says annual earnings may beat guidance in its prospectus. More >>

Dairy Awards Entries Close in One Week

Monday, 24 November 2014, 9:07 am | NZ Dairy Industry Awards

The New Zealand Dairy Trainee of the Year competition is again attracting strong interest with more than 200 entered so far in the popular nationwide contest. All entries in the 2015 New Zealand Dairy Industry Awards – including the dairy trainee, ... More >>

NZ dollar slips after jumping on Draghi, Chinese rate cut

Monday, 24 November 2014, 8:58 am | BusinessDesk

Nov. 24 (BusinessDesk) - The New Zealand dollar fell from its New York highs at the end of last week, having jumped against the greenback after China unexpectedly cut interest rates and European Central Bank President Mario Draghi pledged to whatever ... More >>

World Week Ahead: Stocks power higher

Monday, 24 November 2014, 8:03 am | BusinessDesk

Nov. 24 (BusinessDesk) - Wall Street begins a holiday-shortened week at record highs as investors eye a meeting of the world’s top oil exporters to see whether they will curb production amid an extended slump in the commodity’s price. More >>

Blue Barrier Hits the Spot

Sunday, 23 November 2014, 3:58 pm | Netmedia

Wellington house-painter Terry Archer has made the transition from houses to apartment blocks thanks to his expertise with a brilliant new American product called Blue Barrier, which is ‘breathable’ when applied up to a millimetre thick like paint, ... More >>

Investors back Prime Range Meats’ growth plan

Sunday, 23 November 2014, 2:18 pm | Prime Range Meats

Invercargill New Zealand November 21 2014: In a move that will see Prime Range Meats firmly hooked into its own secure supply chain into China, Lianhua Trading Group is increasing its shareholding from 24.9% to 75%. The move has been approved by the ... More >>

UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY

Friday, 21 November 2014, 5:52 pm | BusinessDesk

UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY target of 15% increase More >>

MARKET CLOSE: NZ shares fall, led by Kathmandu

Friday, 21 November 2014, 5:42 pm | BusinessDesk

Nov. 21 (BusinessDesk) - New Zealand shares fell led by Kathmandu Holdings and paced by Warehouse Group after the retailers said their margins and sales were under pressure. Meridian Energy and MightyRiverPower declined as investors looked to crystalise recent ... More >>

NZ dollar heads for 0.4% decline as greenback strengthens

Friday, 21 November 2014, 5:39 pm | BusinessDesk

Nov. 21 (BusinessDesk) - The New Zealand dollar is headed for a 0.4 percent decline this week as a weaker yen strengthened the US dollar, pulling all other currencies down against it. More >>

Record Ratings for First Live TV Broadcast of Music Awards

Friday, 21 November 2014, 5:24 pm | Mediaworks

Almost half a million Kiwis tuned into FOUR last night for LIVE coverage of the Vodafone New Zealand Music Awards (VNZMAs) and the Mentos Red Carpet Special, reaching the biggest television audience in VNZMA history. More >>

Three60 Reaches 100th Episode Milestone

Friday, 21 November 2014, 5:23 pm | Mediaworks

TV3’s weekly international news programme Three60 celebrates its 100th episode this Sunday, November 23rd at 9.30am. More >>

Sticky Trees for Christmas

Friday, 21 November 2014, 4:59 pm | Sticky Trees

We’re in the business of taking the hassle out of a Christmas tree, but not the fun. More >>

Nelson Digital Futures Society set up

Friday, 21 November 2014, 4:55 pm | Nelson Digital Futures Society

New organisation believes Nelson should be a hub for the digital evolution in New Zealand being spurred forward by high speed internet More >>

CallPlus Network Merger lifts Orcon

Friday, 21 November 2014, 4:50 pm | TrueNet

TrueNet's broadband performance measurements for October show that the Callplus brands of Slingshot , Orcon and Flip have very similar results, suggesting their network is almost fully merged. More >>

Air NZ wins big in Monocle magazine’s annual Travel Top 50

Friday, 21 November 2014, 4:47 pm | Air New Zealand

Air New Zealand has been awarded Best Economy Cabin, Best Premium Economy Cabin, and Best Livery Design in this year’s Monocle magazine Travel Top 50 awards. More >>

 

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