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Latest Business Headlines

Service sector activity picks up in July

Monday, 19 August 2019, 1:36 pm | BusinessDesk

Activity in the services sector improved in July to the highest level since January and inched above the long-term average. More >>

Leading Auckland SEO Company Opens New Office

Monday, 19 August 2019, 1:22 pm | Clickthrough SEO Auckland

Auckland-based SEO company Clickthrough Digital Ltd will be expanding their reach into Takapuna with the opening of a new office. In August 2019, Clickthrough Digital Ltd opened its new office in the B:Hive , Takapuna. B:Hive, located at Smales Farm, ... More >>

NZTE And Whanganui Iwi Partner for Expo 2020 Dubai

Monday, 19 August 2019, 1:05 pm | Expo 2020

The indigenous environmental ethos of kaitiakitanga will be the underlying theme of New Zealand’s pavilion at Expo 2020 Dubai, inspired by the world-first legal status accorded to the Whanganui River. More >>

Dolphin plan deeply flawed

Monday, 19 August 2019, 12:20 pm | Seafood New Zealand

The government’s proposed Threat Management Plan (TMP) for Hector’s and Maui dolphin will put hundreds of small fishermen out of business and hundreds of millions of dollars will be lost from regional economies – and may not save one dolphin. More >>

RUSH appoints new Chairman, Bruce Cotterill

Monday, 19 August 2019, 11:49 am | Rush

Auckland-based design tech studio, RUSH has announced today the appointment of their new Chairman, Bruce Cotterill. More >>

Company results, Fed to provide clues on recession risk

Monday, 19 August 2019, 11:35 am | BusinessDesk

Aug. 19 (BusinessDesk) - Domestic listed company results will dominate the news flow in New Zealand this week and investors will be paying particular attention to outlook statements to see if chief executives see any sign of recession or whether they think ... More >>

NZ dollar range-bound as global growth jitters increase

Monday, 19 August 2019, 11:06 am | BusinessDesk

Aug. 19 (BusinessDesk) - The New Zealand dollar is sticking to a tight range as global growth concerns continue to weigh on sentiment. More >>

XE Data Update - NZ Producer Price Index

Monday, 19 August 2019, 11:03 am | XE Money Transfer

The NZ Q2 Producers Price Index (PPI) for has just been released. The PPI came in better than expected. NZ PPI Q2 (compared with Q1): PPI Inputs +0.3% Consensus -0.9% PPI Outputs +0.5% Consensus -0.5% The NZD is little moved in immediate response. ... More >>

nib New Zealand funds increasing healthcare

Monday, 19 August 2019, 10:56 am | nib New Zealand

nib New Zealand today announced strong net policyholder growth for the 12 months to 30 June 2019 (FY19) up 7.2% on the previous financial year. Premium revenue also grew by 6.9% to NZ$229.6 million. More >>

Soon to be vacant medical centre for sale has potential

Monday, 19 August 2019, 10:53 am | Bayley's Real Estate

The land and buildings which have housed the only full-service medical centre in the Waikato township of Paeroa have been placed on the market for sale or lease. More >>

Dairy product prices for manufacturers up 8.7 percent

Monday, 19 August 2019, 10:52 am | Statistics New Zealand

Prices received by manufacturers of butter, cheese, and milk powder rose 8.7 percent in the June 2019 quarter compared with the March 2019 quarter, after falls in the previous two quarters, Stats NZ said today. More >>

Former pharmaceutical company offices for sale

Monday, 19 August 2019, 10:51 am | Bayley's Real Estate

The extensive land and purpose-built complex which has housed the New Zealand offices of a global healthcare and agriculture company has been placed on the market for sale for the first time since the building was constructed in 1985. More >>

Paul Barnes appointed as new CEO of FoxPlan Ltd

Monday, 19 August 2019, 10:14 am | FoxPlan Limited

Paul started with the firm in 2012 before being appointed as Managing Director in 2017. More >>

Industry plan could create a billion dollar gaming sector

Monday, 19 August 2019, 10:02 am | New Zealand Game Developers Association

A new report says that an industry development plan for New Zealand’s interactive media and games sector could create a billion dollar export industry by 2024. Introducing a coordinated plan that invests in emerging talent and allows interactive media to ... More >>

We’re more than just pensions

Monday, 19 August 2019, 9:15 am | Anglican Financial Care

The New Zealand Anglican Church Pension Board announced today it is adopting the trading name of Anglican Financial Care / Te Maru Mihinare. More >>

Police officer, psychologist, top job searches

Monday, 19 August 2019, 9:07 am | Tertiary Education Commission

There’s a strong theme of supporting and caring for New Zealanders in the latest search data from the website. More >>

The future of dairy is plants

Monday, 19 August 2019, 9:01 am | Vegan Society

As Fonterra is projecting multi million dollar losses for the second year in a row, it is clear the writing is on the wall for dairy as more and more Kiwis turn to plant milks. 22nd August is International Plant Milk Day and there is now a different plant ... More >>

XE Morning Update - August 19, 2019

Monday, 19 August 2019, 8:25 am | XE Morning Update

The NZDUSD opens at 0.6425 (mid-rate) this morning. More >>

ASB Quarterly Economic Forecast August 2019

Monday, 19 August 2019, 8:22 am | ASB Bank

The expected rocket back to growth for the New Zealand economy has stalled somewhat, despite a number of factors continuing to propel it forward, according to the latest ASB Quarterly Economic Report More >>

Let’s make more of KiwiSaver for homeownership

Sunday, 18 August 2019, 1:36 pm | Century 21 Real Estate

Across New Zealand, real estate listings and sales in the second quarter were generally slow, but then July saw an unexpected lift. More >>

This Side up Becomes IAB Awards Finalist

Saturday, 17 August 2019, 5:20 pm | This Side Up

This Side up Becomes IAB Awards Finalist in Two Categories Including NZ Digital Agency of the Year More >>

Celebrating 200 Years of New Zealand Wine

Saturday, 17 August 2019, 11:09 am | NZ Winegrowers

September 25 2019 marks 200 years since the first planting of grapevines in New Zealand. More >>

New Zealand Coastal Seafoods successfully lists on ASX

Saturday, 17 August 2019, 10:23 am | NZ Coastal Seafoods

New Zealand Coastal Seafoods Limited (ASX: NZS) has joined other leading New Zealand food and beverage export companies on the ASX, after recommencing trading of its shares on August 5, 2019. As announced on 23 July 2019, the Company succesfully raised ... More >>

MARKET CLOSE: NZ shares fall as global uncertainty weighs

Friday, 16 August 2019, 8:54 pm | BusinessDesk

MARKET CLOSE: NZ shares fall as global uncertainty weighs on utilities; Sky gains on M&A More >>

NZ dollar withstands poor manufacturing data

Friday, 16 August 2019, 8:25 pm | BusinessDesk

Aug. 16 (BusinessDesk) - The New Zealand dollar is little changed after an attempt to push it down on the back of poor manufacturing data failed to keep it lower. More >>

Bublitz to serve home detention following appeal

Friday, 16 August 2019, 6:51 pm | BusinessDesk

Aug. 16 (BusinessDesk) - A partially successful appeal will see former Viaduct Capital and Mutual Finance executive Paul Bublitz leave prison for home detention after some convictions were quashed. More >>

Global trends plus ultimate comfort put Ziera a step ahead

Friday, 16 August 2019, 6:49 pm | Ziera

Ziera’s collection for spring and summer is all about making a strong statement, whether that’s for work, play or party. More >>

Former G8 boss takes over management of Evolve

Friday, 16 August 2019, 4:35 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Evolve Education's biggest shareholder will take over the day-to-day running of the early childcare education operator in 10 days after chief executive Roseanne Graham handed in her notice. More >>

Cruise value to NZ showing massive growth

Friday, 16 August 2019, 4:28 pm | NZ Cruise Association

The value of cruise to New Zealand is climbing more quickly than other sectors of tourism, with new figures showing a massive climb of 28% in the 2018-19 season. Official figures released by Stats NZ today show cruise is now worth $570 million a year to ... More >>

Ngāi Tahu Holdings Chief Executive resigns

Friday, 16 August 2019, 3:23 pm | Ngai Tahu

Ngāi Tahu Holdings Chief Executive Mike Sang has today announced his resignation, after nearly seven years in the role and a decade working for the iwi. More >>

Precinct boosts earnings, withholds $34m from Fletcher

Friday, 16 August 2019, 3:12 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Precinct Properties has now withheld $34 million from Fletcher Construction for delays on Auckland’s Commercial Bay project, and says the high-end development is on track for its two-2020 opening dates. More >>

Sky TV shares rise on US$40m RugbyPass acquisition

Friday, 16 August 2019, 3:11 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Sky Network Television shares rose 3.3 percent as investors welcomed plans to extend its foray into online media and push for a bigger global rugby audience by buying online rugby platform RugbyPass for up to US$40 million. More >>

NZ Compare recognised for excellence

Friday, 16 August 2019, 2:43 pm | NZ Compare

NZ Compare were delighted to be shortlisted as Finalists in an amazing 3 categories for the Westpac Auckland Business Awards 2019. NZ Compare were shortlisted for: More >>

FMA Statement on Court of Appeal judgment

Friday, 16 August 2019, 2:01 pm | Financial Markets Authority

The FMA notes the judgment from the Court of Appeal in relation to Mr Paul Bublitz and Mr Bruce McKay. More >>

NZ manufacturing activity shrinks for first time in 7 years

Friday, 16 August 2019, 1:53 pm | BusinessDesk

Aug. 16 (BusinessDesk) - New Zealand manufacturing activity contracted for the first time in seven years as new orders dried up and job numbers tumbled. More >>

Orr defends RBNZ rate cut, says monetary policy looks ahead

Friday, 16 August 2019, 1:25 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Central bank governor Adrian Orr came out swinging in response to an opinion piece from BusinessNZ chief executive Kirk Hope who called on the bank to focus on a "conservative, principles-based, no-surprises approach to monetary ... More >>

Michael Hill underlying earnings fall 14% as margins squeeze

Friday, 16 August 2019, 1:06 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Michael Hill International reported a slide in underlying earnings as margins were squeezed in a competitive retail environment. More >>

Review identifies positive infrastructure delivery changes

Friday, 16 August 2019, 1:05 pm | Association of Consulting Engineers New Zealand

A report published this week by the Infrastructure Transaction Unit, within Treasury, examined issues associated with the use of New Zealand Standard Conditions of Contract for Building and Civil Engineering, in public sector-initiated construction projects. ... More >>

Mainzeal’s Yan to resist bankruptcy

Friday, 16 August 2019, 1:04 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Former Mainzeal director Richard Yan says he’ll fight pressure from liquidators at BDO after they moved to make him bankrupt. More >>

Qatar Airways named official airline partner of Eden Park

Friday, 16 August 2019, 12:39 pm | Qatar Airways

AUCKLAND, New Zealand – Today Qatar Airways announces a new strategic partnership with Eden Park, the stadium where some of New Zealand’s most memorable rugby moments have been witnessed. More >>

Motorola Solutions appoints new business leader

Friday, 16 August 2019, 12:09 pm | Motorola

MELBOURNE, Australia – August 16, 2019 – Motorola Solutions, Inc. (NYSE: MSI) today appointed Con Balaskas as its new Managing Director for Australia and New Zealand. More >>

Staglands Wildlife Reserve awarded official mark of quality

Friday, 16 August 2019, 11:36 am | Staglands Wildlife Reserve and Cafe

Staglands Wildlife Reserve & Café has been awarded a Silver Qualmark Sustainable Tourism Business Award. More >>

Cruise ship spending is going full steam ahead

Friday, 16 August 2019, 11:25 am | Statistics New Zealand

Cruise ship spending is going full steam ahead, swelling 28 percent to $570 million in the year ended June 2019, Stats NZ said today. More >>

Potato mop-top virus response closes out

Friday, 16 August 2019, 11:11 am | Ministry For Primary Industries

A joint Biosecurity New Zealand and Potatoes New Zealand response to the crop disease Potato mop-top virus (PMTV) is being closed out, with industry taking the lead on long-term management. More >>

Conference changes venue due to storm damage

Friday, 16 August 2019, 11:09 am | NZ Cruise Association

The New Zealand Cruise Association’s 2019 Conference, to be held in Auckland on 22 –23 August, has had a last minute venue change. More >>

NZ dollar stuck in tight range; global sentiment the driver

Friday, 16 August 2019, 11:06 am | BusinessDesk

Aug. 16 (BusinessDesk) - The New Zealand dollar stuck to a tight range as ongoing trade concerns offset better-than-expected retail data in the US. More >>

Kiwis squeezing more out of ageing fleet

Friday, 16 August 2019, 11:04 am | BusinessDesk

Aug. 16 (BusinessDesk) - The slowing market for new car sales has weighed on dealers' earnings but has been a boon for the likes of Super Cheap Auto as people try to get more out of their ageing vehicles. More >>

Inland Revenue prefers education over penalties

Friday, 16 August 2019, 9:58 am | Inland Revenue Department

Inland Revenue (IR) would like businesses not already filing their payroll information every payday, to seek the help they may need before IR calls them. More >>

Mercurey Central Otago Young Winemaker of the Year 2019

Friday, 16 August 2019, 9:56 am | New Zealand Winegrowers

Congratulations to Ben Tombs from Peregrine for becoming the Tonnellerie de Mercurey Central Otago Young Winemaker of the Year 2019 More >>

XE Morning Update - August 16, 2019

Friday, 16 August 2019, 9:00 am | XE Morning Update

The Kiwi opens at 0.6445 The Kiwi continues to consolidate, with the market starting to look towards the Fed’s decision next month. Taking a leaf out of the RBNZ, the market is now pricing in a 42% chance of a 50 basis point cut out of the Fed, with ... More >>

KiwiBuild reaches record numbers in Wellington

Friday, 16 August 2019, 8:34 am | The Wellington Company

Over 200 potential KiwiBuild buyers entered the ballot for 44 KiwiBuild apartments in Wellington’s Monark development, making it the most popular KiwiBuild ballot to date. The Wellington Company and KiwiBuild are now working with them to finalise ... More >>

Clear your diary – Grabaseat $9 deals take off this morning

Friday, 16 August 2019, 8:31 am | Air New Zealand

Air New Zealand’s Grabaseat is releasing 500 domestic flights at just $9 one-way and hundreds of razor-sharp fares to Asia, Australia and the Pacific Islands this morning. Unmissable deals include $9 one-way flights to and from Air New Zealand’s ... More >>

Cannasouth harvests 1st crop of medicinal research cannabis

Friday, 16 August 2019, 8:12 am | Cannasouth

Cannasouth has harvested its first crop of medicinal research cannabis from its purpose-built growing facility in Hamilton. More >>

MARKET CLOSE: NZ shares join global rout

Thursday, 15 August 2019, 8:42 pm | BusinessDesk

Aug. 15 (BusinessDesk) - New Zealand shares joined a global slump as investors fretted over the prospect of a worldwide recession in the wake of bond market pricing. Heartland Group was among the few local stocks in positive territory after reporting solid ... More >>

NZ dollar falls against Aussie on stronger-than-expected job

Thursday, 15 August 2019, 8:12 pm | BusinessDesk

Aug. 15 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after better-than-expected jobs numbers across the Tasman but was little changed against the US dollar. More >>

UPDATE: Heartland shares gain as annual profit lifts 9%

Thursday, 15 August 2019, 7:22 pm | BusinessDesk

(Adds share movement to lead and updates price in 4th paragraph, includes profit guidance in 9th paragraph) More >>

Primary industry training must deliver

Thursday, 15 August 2019, 7:20 pm | Primary ITO

Primary ITO is welcoming the announcement that the primary sector will get the first of the Government’s new Centres of Vocational Excellence (CoVEs). More >>

The Wine Auction Room celebrates legendary Heroes and Icons

Thursday, 15 August 2019, 4:28 pm | The Wine Auction Room

A pre-WW2 cognac, a unique Penfolds Grange vertical of magnums never sold before in NZ, and rare rum that is no longer made, as well as whiskies and other spirits from the 50s, 60s and 70s, are all going under the hammer at The Wine Auction Room’s ... More >>

Xero says global roll-out of core product still best option

Thursday, 15 August 2019, 4:22 pm | BusinessDesk

Aug. 15 (BusinessDesk) - Xero’s biggest immediate opportunities are to keep driving growth of its core accounting software in existing markets and to enter other geographies, says chief executive Steve Vamos. More >>

Bigger is Better as The Instillery & Origin merge

Thursday, 15 August 2019, 4:07 pm | The Instillery

August 15, 2019: Aotearoa’s number 1 in Cloud, The Instillery and Origin nationally renowned managed IT & Security services provider, today announced their merger, creating a unique future-focused provider of cloud, automation, connectivity and ... More >>