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Latest Business Headlines

Support for National dives just as Parliament rises

Thursday, 31 July 2014, 6:26 pm | BusinessDesk

July 31 (BusinessDesk) - Support for the National Party has slumped five percentage points to 46 percent while combined support for the Labour and Green parties has risen 3.5 percentage points to 42 percent in the latest poll from Roy Morgan Research, ... More >>

MARKET CLOSE: NZ stocks rise; Chorus gains to 4-week high

Thursday, 31 July 2014, 6:05 pm | BusinessDesk

MARKET CLOSE: NZ stocks rise; Chorus gains to 4-week high; Telecom snaps 4 day decline More >>

NZ dollar gains vs. AUD as greenback strengthens

Thursday, 31 July 2014, 5:48 pm | BusinessDesk

Jul. 31 (BusinessDesk) - The New Zealand dollar pared its decline from an eight-week low after failing to break below key support levels as traders await US labour market data due overnight Friday local time, which may provide clues to the timing of interest ... More >>

China Forum Opportunity for NZ Export Double Strategy

Thursday, 31 July 2014, 5:28 pm | Organic Systems Ltd

Media Release Friday 31 July 2014 For immediate release China Forum Offers Pivotal Opportunity for NZ Export Double Strategy More >>

The Fair Tax for Savers campaign - are savers over-taxed?

Thursday, 31 July 2014, 5:15 pm | Chapman Tripp

The Fair Tax for Savers campaign launched earlier this week is based on the proposition that income from at least two forms of savings is currently over-taxed. We examine this claim and the proposed solutions and conclude that the campaign: More >>

Global Timber and Wood Products Market Update

Thursday, 31 July 2014, 5:11 pm | Wood Resources International

Global Timber and Wood Products Market Update - a news brief from Wood Resources International LLC More >>

World Credit Union Body Recognises New Zealand Director

Thursday, 31 July 2014, 4:20 pm | World Council of Credit Unions

New Zealand Association of Credit Unions (NZACU) director, Rob Nicholls, has been honoured with a prestigious international award from the World Council of Credit Unions, the international body representing more than 208 million people in 103 countries ... More >>

Last chance for Indonesia, plus election panel event

Thursday, 31 July 2014, 3:33 pm | Export NZ

MESSAGE FROM THE EXECUTIVE DIRECTOR A quick note for those of you wanting to join the Export New Zealand / ASEAN NZ Business Council Mission to Indonesia who haven't registered yet - you've now got a few more days to complete the form and get your ... More >>

Pedigree Updates for NZB Winter Mixed Bloodstock Sale

Thursday, 31 July 2014, 3:20 pm | NZ Bloodstock

The catalogue for New Zealand Bloodstock’s Winter Mixed Bloodstock Sale tomorrow has been strengthened with a number of pedigree updates. More >>

Consulting on guidelines about unfair contract terms

Thursday, 31 July 2014, 3:17 pm | Commerce Commission

The Commerce Commission has today released draft guidelines on the new provisions of the Fair Trading Act dealing with unfair contract terms. The unfair contract terms provisions were part of recent amendments to New Zealand’s consumer law and will ... More >>

UBS rates Chorus a 'buy', Telecom cut to a 'sell'

Thursday, 31 July 2014, 3:16 pm | BusinessDesk

July 31 (BusinessDesk) - Chorus, whose shares have halved in value from their 2012 peak, offers long-term value given the prospects for ultra-fast broadband, while Telecom faces a challenge rebranding in a competitive services market, UBS analysts ... More >>

Seafood NZ Welcomes Foreign Charter Vessel resolution

Thursday, 31 July 2014, 3:14 pm | Seafood New Zealand

Seafood New Zealand says the passage of the Foreign Charter Vessel Bill through Parliament today enables the seafood industry to move into a new era. More >>

Trade Me will probably lure back real estate listings

Thursday, 31 July 2014, 3:10 pm | BusinessDesk

Trade Me will probably lure back real estate listings from rival after backing down on fees More >>

Wild Bean Cafe top of the crop

Thursday, 31 July 2014, 3:07 pm | Wild Bean Cafe

Wild Bean Cafe has revolutionised the cuppa in the fuel stop industry in the last few years and is now outperforming established big name coffee chains. More >>

SWUG Attendance Records Threatened

Thursday, 31 July 2014, 2:23 pm | SWUG

A potentially record-breaking Single Width Users’ Group (SWUG) conference is in the offing this year, with 110 delegates and sponsors now registered almost four weeks out from the two-day Dunedin event. More >>

Savings campaign backed, urged to go further

Thursday, 31 July 2014, 2:04 pm | Employers And Manufacturers Association

The Employers and Manufacturers Association is backing the campaign for cutting taxes on KiwiSaver earnings, but says it should go further. More >>

Great value to be found in everyday banking

Thursday, 31 July 2014, 2:03 pm | Canstar

CANSTAR releases B est Value Everyday Banking New Zealand award today, collating research of 36 credit cards, 51 deposit accounts and a range of institutional factors across 10 institutions. More >>

Atlas Copco granted clearance to acquire Ash Air business

Thursday, 31 July 2014, 1:46 pm | Commerce Commission

The Commission has granted clearance to Atlas Copco South Pacific Holdings Pty Limited (Atlas Copco) to acquire the businesses operated by four Lancaster Group Limited subsidiary companies: Ash Air (N.Z) Limited, Ash Air Oil & Gas Limited, mbar 2011 ... More >>

Judges probe as Chorus appeals Comcom pricing

Thursday, 31 July 2014, 1:44 pm | BusinessDesk

July 31 (BusinessDesk) - Telecommunications infrastructure operator Chorus has opened its case in the Court of Appeal, challenging a High Court decision in April upholding the Commerce Commission's lower-than-expected regulated prices for broadband internet ... More >>

Savvy Plan Behind New Dunedin Reading Cinema

Thursday, 31 July 2014, 1:43 pm | Reading International

A completely refurbished six-screen Reading Cinema in Dunedin presents a savvy story in the New Zealand movie theater competitive landscape not fully appreciated by the media. More >>

Rural Valuer recognised with top industry award

Thursday, 31 July 2014, 1:43 pm | Quotable Value New Zealand

QV registered Valuer David Paterson has had his outstanding service to the valuation profession recognised with the New Zealand Institute of Valuers (NZIV) Premier Award - the John M Harcourt Memorial Award. More >>

Dame Trelise Cooper to debut ‘Mercedes-Benz Presents’

Thursday, 31 July 2014, 1:38 pm | Mercedes-Benz

Auckland – Mercedes-Benz New Zealand has announced its Elite Partnership with 2014 New Zealand Fashion Week and recognised Dame Trelise Cooper as the inaugural New Zealand recipient of the ‘Mercedes-Benz Presents’ accolade. More >>

Record entry for Hirepool Construction Excellence Awards

Thursday, 31 July 2014, 1:09 pm | Hirepool Limited

Projects ranging from a skate park and a farm bridge to multi-million dollar power station and expressway projects are among finalists in the 2014 Hirepool Construction Excellence Awards. More >>

Hop on, hop off guided travel network has a new leader

Thursday, 31 July 2014, 1:05 pm | Stray

New Zealand and Southeast Asia’s market-leading hop on, hop off guided travel network, Stray, has a new leader for New Zealand. Brett Hudson (otherwise known as Taxi) has been appointed as the new Stray General Manager following Heather Bailey’s resignation. More >>

Commerce Commission: consumer credit community of interest

Thursday, 31 July 2014, 12:56 pm | Commerce Commission

The Commerce Commission is holding its first ‘Credit Matters Roundtable’ in South Auckland today with a wide range of community organisations in attendance. Today’s roundtable is the first in a series of three, each focusing on a different group ... More >>

NZ Company joins Japan's largest Internet marketing agency

Thursday, 31 July 2014, 12:53 pm | Shuttlerock

Canterbury based company, Shuttlerock, has taken another major international step forward by partnering with Opt, Japan's largest Internet marketing agency, to launch a subsidiary in Japan, with plans to inject $NZD 700,000 into the Kiwi business. More >>

Latest energy statistics published

Thursday, 31 July 2014, 12:53 pm | Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employment has today published Energy in New Zealand 2014 , which contains a wide range of energy-related information based on new and consolidated statistics. More >>

NZ exporters should think premium in targeting China

Thursday, 31 July 2014, 12:45 pm | BusinessDesk

July 31 (BusinessDesk) - New Zealand exporters struggling to meet Chinese demand for commodities such as milk powder, logs and lamb flaps, should look to market more premium products to an increasingly worldly, wealthy Chinese consumer, according ... More >>

Whittaker’s recall of batch of Almond Gold Mini Slabs

Thursday, 31 July 2014, 12:34 pm | Whittakers

Whittaker’s are conducting a recall of a single batch of Almond Gold Mini Slabs 180g, with the batch number L0944 and a best before date of 4 April 2015, following the discovery of pieces of blue plastic in some products. “Having completed an ... More >>

Surfing This Economic Boom

Thursday, 31 July 2014, 12:27 pm | National Business Review

It has been another good year for the country’s rich. From the high-tech fields of cloud computing to the great dairying plains of Canterbury and the Waikato, fortune favours the brave. More >>

Film studios functioning well despite fire

Thursday, 31 July 2014, 12:21 pm | Auckland Council

Despite a fire that destroyed a workshop building on the periphery of Auckland Film Studios in Henderson, Auckland last night, filming of an international production on the site is proceeding. More >>

New state-of-the-art pergola at Walter Peak

Thursday, 31 July 2014, 12:08 pm | Southern PR

Award-winning South Island construction company Rilean has dug the dirt on an all-weather restaurant extension at Walter Peak Homestead marking the final stage of owner Real Journeys’ expansion of the tourism offering. Construction has started on the new ... More >>

84% of ICT Service Incidents Fall Outside Support Contracts

Thursday, 31 July 2014, 12:05 pm | Dimension Data

The good news is that obsolete devices fail less often than current devices and take less time to resolve when they do fail More >>

CDL Investments posts 44% gain in first-half profit

Thursday, 31 July 2014, 12:02 pm | BusinessDesk

July 31 (BusinessDesk) - CDL Investments, the residential property developer controlled by Millennium & Copthorne Hotels New Zealand, posted a 44 percent gain in first-half profit after doubling its sales of sections at developments in Auckland, Hamilton ... More >>

New player Youi Insurance to shake up NZ

Thursday, 31 July 2014, 11:58 am | Youi

There’s a new player in the car, home and contents insurance market - Youi. It stands for You.Insured. With a licence granted by the Reserve Bank to operate in New Zealand, Youi is now ready to offer Kiwis a compelling alternative to find competitively ... More >>

MOBIT Reveals Application and Marketing Intelligence for SMS

Thursday, 31 July 2014, 11:47 am | MOBIT Technologies Ltd

At the Infusionsoft annual user conference of 3500 worldwide users (#ICON14), MOBIT unveiled its cutting-edge mobile marketing subscription service which is now available in the United States, Australia and New Zealand. As a world first ‘hybrid technology, ... More >>

Kiwi Beer and Cider to Star at Edinburgh Festival

Thursday, 31 July 2014, 11:33 am | Joint Press Release

Iconic Kiwi beer and cider brands, Monteith’s and Old Mout, will take centre stage at the 2014 Edinburgh International Festival. For the month of August, performers and artists descend on the Scottish city to take part in the biggest arts festival ... More >>

Dress-Smart Centre Expands and Upgrades

Thursday, 31 July 2014, 10:55 am | Dress Smart

Dress-Smart shoppers will, this week, appreciate the benefits of approximately 1,000 square metres of additional retail space. They will also enjoy renovated restroom and parking facilities, just completed. More >>

Equity Crowdfunder Snowball Effect Gets FMA Green Light

Thursday, 31 July 2014, 10:54 am | Snowball Effect

Snowball Effect was this morning granted New Zealand’s first equity crowdfunding licence by the Financial Markets Authority and is arranging a launch date for the week beginning 11 August. More >>

Organisational Development Specialist at Kerridge & Partners

Thursday, 31 July 2014, 10:50 am | Kerridge And Partners

Leadership advisory business Kerridge & Partners today announced the appointment of organisational development specialist and Human Synergistics Accredited Coach, David Fuller. More >>

PledgeMe, Snowball Effect gain equity crowd-funding licences

Thursday, 31 July 2014, 10:23 am | BusinessDesk

July 31 (BusinessDesk) - The Financial Markets Authority has awarded its first equity crowd funding licences to two platforms, nearly five months after the process first began. More >>

OceanaGold posts first-half profit on strong first-quarter

Thursday, 31 July 2014, 10:22 am | BusinessDesk

July 31 (BusinessDesk) - OceanaGold, which operates the Macraes goldfield in Otago, posted a first-half profit as its Didipio operation in the Philippines helped lift first-quarter earnings to a record, making up for a small loss in the second quarter ... More >>

Credit Union Industry Dedication Honoured at National Awards

Thursday, 31 July 2014, 10:06 am | NZ Association of Credit Unions

A number of dedicated New Zealand credit union staff and directors were honoured recently with an Individual Recognition Award at the credit union industry awards dinner held at MovieWorld on the Gold Coast on Tuesday 29 July 2014. Paul Eves, Chair ... More >>

Foss welcomes first crowd-funding licence

Thursday, 31 July 2014, 9:48 am | New Zealand Government

Commerce Minister Craig Foss today welcomed New Zealand’s first equity crowd-funding and peer-to-peer lending licences. “The Financial Markets Conduct Act, passed in August last year, made crowd-funding and peer-to-peer lending possible. It is fantastic ... More >>

NZ renters are not more vulnerable

Thursday, 31 July 2014, 9:27 am | Auckland Property Investors Association

The Auckland Property Investors’ Association (APIA) rejects characterisation by the New Zealand Institute Of Economic Research (NZIER) of New Zealand being ‘one of the least renter-friendly regimes in the OECD’. More >>

PledgeMe awarded equity crowdfunding license

Thursday, 31 July 2014, 9:24 am | PledgeMe

PledgeMe , New Zealand’s first and biggest crowd-funding site, was awarded one of the first equity crowdfunding licences in New Zealand today. More >>

Emirates Introduces Entertainment for Visually Impaired

Thursday, 31 July 2014, 9:15 am | Emirates Airlines

Emirates continues to set industry standards by becoming the first airline to introduce Audio Description on movies for visually impaired customers on its inflight entertainment system, ice Digital Widescreen. More >>

FMA issues first equity crowd funding licences

Thursday, 31 July 2014, 9:13 am | Financial Markets Authority

The Financial Markets Authority (FMA) today issued its first equity crowd funding licences under the Financial Markets Conduct Act 2013 . More >>

NZ dollar slides to eight-week low on strong US GDP

Thursday, 31 July 2014, 9:04 am | BusinessDesk

NZ dollar slides to eight-week low as US dollar jumps on better second-quarter growth More >>

While you were sleeping: US economy gathers steam

Thursday, 31 July 2014, 7:32 am | BusinessDesk

July 31 (BusinessDesk) - Wall Street was mixed after the US economy kicked into a higher-than-expected gear in the second-quarter while Federal Reserve policy makers reminded investors that the nation’s jobs and housing markets remain weaker than ... More >>

MARKET CLOSE: NZ shares fall led by Telecom

Wednesday, 30 July 2014, 6:01 pm | BusinessDesk

July 30 (BusinessDesk) - New Zealand shares fell for a third day led lower by Telecom Corp after an analyst's report this week downgraded the stock to a 'sell'. Units in the Fonterra Shareholders' Fund rose after Fonterra Cooperative Group yesterday ... More >>

Samoa opens a new Trade Exhibition centre in Auckland

Wednesday, 30 July 2014, 5:47 pm | Samoa Association of Manufacturers and Exporters

Samoa is taking a bigger stride into the New Zealand market with the opening of the new ‘SAME – Buy Samoa Made’ Trade Exhibition centre being opened in Auckland next week. More >>

Results of Annual Meeting

Wednesday, 30 July 2014, 5:44 pm | Kiwi Income Property Trust

The Annual Meeting of Kiwi Income Property Trust Unit Holders was held in Auckland today. More >>

NZ dollar holds near 7-week low as US GDP, FOMC loom

Wednesday, 30 July 2014, 5:34 pm | BusinessDesk

July 30 (BusinessDesk) - The New Zealand dollar held near a seven-week low as traders await figures expected to show US economic growth is back on track and the results of the Federal Reserve's monetary policy review, which may hint at a better outlook. More >>

Westland forecast follows Fonterra’s suit

Wednesday, 30 July 2014, 5:32 pm | Federated Farmers

The dairy cooperative, Westland Milk Products, has charted a similar course to Fonterra’s benchmark forecast released yesterday for the current 2014/15 season, by announcing a pay-out forecast of $6 to $6.40 per kilogram of Milksolids (kg/MS). More >>

Ballance delivers record breaking performance

Wednesday, 30 July 2014, 5:30 pm | Ballance Agri-Nutrients

Rural sector confidence has translated into record revenue and sales volumes for farm nutrient co-operative Ballance Agri-Nutrients, leading to a record $78.9 million distribution to shareholders. More >>

Keep a close eye on farm costs, says DairyNZ

Wednesday, 30 July 2014, 5:21 pm | DairyNZ

Dairy farmers should pay close attention to farm costs this season, says industry body DairyNZ, in response to the reduced 2014/15 forecast milk price announced yesterday. More >>

Time for Tea at Heritage Christchurch – Writer’s Fest Event

Wednesday, 30 July 2014, 4:42 pm | Heritage Christchurch

Heritage Christchurch, as proud supporter of the WORD Christchurch Writers and Readers Festival 2014, is hosting a special authors’ tea onThursday 28 August at 2 PM in Maddison’s restaurant, Heritage Christchurch. More >>

Ryman Healthcare to build new villages in Rangiora and Green

Wednesday, 30 July 2014, 4:21 pm | Ryman Healthcare

AGM told resort-style villages will meet growing demand for retirement living Ryman Healthcare is planning to build new retirement villages at Rangiora in Canterbury and Greenlane in Auckland. Ryman Healthcare chairman Dr David Kerr told the company’s ... More >>

Trade Me tweaks real estate listing fee to placate agents

Wednesday, 30 July 2014, 4:10 pm | BusinessDesk

July 30 (BusinessDesk) - Trade Me has added a monthly listing subscription fee option for realtors after some agents baulked at the online auction site's move to pay-per-listing fees. More >>

 

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