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Latest Business Headlines

Social Enterprise MyCup to end period poverty in NZ

Saturday, 16 December 2017, 11:57 am | My Cup

MyCup™ NZ has just released the first New Zealand Made Menstrual Cup. Its launch two weeks ago has been hailed as a life changer for NZ women. Menstrual Cups have come a long way in the last 10 years and are fast becoming the most convenient menstrual ... More >>

MARKET CLOSE: NZ shares rise, Comvita and Trilogy jump

Friday, 15 December 2017, 8:50 pm | BusinessDesk

MARKET CLOSE: NZ shares rise, Comvita and Trilogy jump while Xero drops in heavy trading on leaving NZX50 More >>

Cleaning franchisor CrestClean bullish on outlook

Friday, 15 December 2017, 8:16 pm | BusinessDesk

Cleaning franchisor CrestClean bullish on outlook, aims to double in size within 5-7 years More >>

NZ dollar heads for 2.4% weekly gain on Orr appointment

Friday, 15 December 2017, 8:14 pm | BusinessDesk

Dec. 15 (BusinessDesk) - The New Zealand dollar is headed for a 2.4 percent weekly gain against the greenback after getting a solid lift on news of a new central bank governor and benefiting from US dollar weakness. More >>

T&G Global boss Alastair Hulbert resigns

Friday, 15 December 2017, 7:55 pm | BusinessDesk

Dec. 15 (BusinessDesk) - T&G Global chief executive Alastair Hulbert has resigned, effective today, after four years in charge of the fruit marketer. More >>

NZ's GDP growth probably slowed in 3rd qtr

Friday, 15 December 2017, 7:54 pm | BusinessDesk

NZ's GDP growth probably slowed in 3rd qtr as dairy decline offset buoyant construction More >>

The Merino Company turns to an annual loss

Friday, 15 December 2017, 7:51 pm | BusinessDesk

Dec. 15 (BusinessDesk) - The Merino Company turned to a loss last financial year after undergoing a major restructuring that saw it exit textile manufacturing in New Zealand to focus on growing its innovative wool spinning and colour technology ... More >>

O'Connor orders review of not naming Mycoplasma Bovis farms

Friday, 15 December 2017, 7:49 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Agriculture Minister Damien O'Connor has asked officials to review the policy of not naming the farms where Mycoplasma Bovis is detected and said keeping accurate records of stock movement is vital to halting the spread of ... More >>

Stevenson Group to look at construction materials unit sale

Friday, 15 December 2017, 4:45 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Stevenson Group will test buyer appetite for its concrete business next year in a market the managing director Mark Franklin doesn't see abating any time soon. More >>

Pemba Capital walks away from $40.4 mln Smartpay takeover

Friday, 15 December 2017, 4:10 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Australian investment firm Pemba Capital Partners won't go ahead with plans to buy payment terminal provider Smartpay Holdings for $40.4 million after wrapping up due diligence. More >>

CBA's Vittoria Shortt to take up ASB reins in February

Friday, 15 December 2017, 4:06 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Commonwealth Bank of Australia group marketing and strategy executive Vittoria Shortt will take charge of the lender's New Zealand subsidiary ASB Bank in February. More >>

More sustainable funding needed for tourism

Friday, 15 December 2017, 3:16 pm | Local Government NZ

Local Government New Zealand says the first round of the Tourism Infrastructure Fund will help some councils meet the infrastructure challenges posed by booming tourism numbers. More >>

Queenstown Airport opens dedicated operations facility

Friday, 15 December 2017, 3:15 pm | Queenstown Airport

Queenstown Airport has opened the doors to ‘The Hub’, the airport’s first dedicated operations centre, marking a new era in the organisation’s growth. More >>

NZ manufacturing activity lifts in November

Friday, 15 December 2017, 2:35 pm | BusinessDesk

Dec. 15 (BusinessDesk) - New Zealand's manufacturing activity lifted in November, reversing October's post-election slide and pointing to solid economic growth in the sector. More >>

Cheaper to cut emissions than deal with climate change

Friday, 15 December 2017, 2:34 pm | BusinessDesk

Dec. 15 (BusinessDesk) - The cost of climate change to New Zealand is still unknown, but a group of experts tasked with plugging the country's information gaps says it will likely be significant and it would be cheaper to cut greenhouse emissions than ... More >>

Government Joins NPDC in Investing in Tourism Development

Friday, 15 December 2017, 2:33 pm | New Plymouth District Council

The Government has delivered an early Christmas present to the people of Taranaki by confirming it will invest around $700,000 in the iconic Pouakai Crossing one-day walk. More >>

Tourism celebrates SH1 reopening

Friday, 15 December 2017, 1:54 pm | Tourism Industry Aotearoa

New Zealand’s tourism industry is celebrating today’s reopening of State Highway 1 north of Kaikōura as an important step in the region’s recovery. More >>

Air New Zealand boosts Wellington-Queenstown route

Friday, 15 December 2017, 1:28 pm | Air New Zealand

Air New Zealand is set to grow the number of seats available on the Wellington-Queenstown route by around 50 percent from April next year. More >>

Acting Chief Executive appointed to Capital & Coast DHB

Friday, 15 December 2017, 1:26 pm | Capital and Coast District Health Board

Andrew Blair, Board Chair of Capital & Coast and Hutt Valley DHBs, has today announced the appointment of Dr Ashley Bloomfield as the Acting Chief Executive (CE) for Capital & Coast DHB. More >>

China's CITIC Capital offers $211 million for Trilogy

Friday, 15 December 2017, 1:07 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Chinese investment manager CITIC Capital Partners, which oversees US$4.7 billion of assets, has offered $211 million to buy NZX-listed Trilogy International at a 28 percent premium. More >>

New Chairman to lead Ngāti Whātua Ōrākei Trust

Friday, 15 December 2017, 12:37 pm | Ngati Whatua o Orakei Maori Trust Board

Ngāti Whātua Ōrākei Trust has elected Marama Royal as its new Chairperson, replacing outgoing Chair Phillip Davis. More >>

ASB announces Vittoria Shortt as new Chief Executive

Friday, 15 December 2017, 12:34 pm | ASB Bank

ASB announces Vittoria Shortt as new Chief Executive ASB Chairman Gavin Walker today announced the appointment of Vittoria Shortt as Chief Executive of ASB. Ms Shortt will succeed retiring CEO Barbara Chapman and will commence her new role at ASB in ... More >>

Little Giant, Linked by Isobar wins gold

Friday, 15 December 2017, 12:32 pm | Little Giant

Auckland based digitally-led creative agency Little Giant, Linked by Isobar is Campaign Asia-Pacific's NZ Digital Agency of the Year for 2017 , taking gold at the awards presentation and gala dinner in Singapore last night (14 December). More >>

Dairy Women’s Network CEO To Step Down in 2018

Friday, 15 December 2017, 12:24 pm | Dairy Women's Network

Zelda de Villiers will step down from her role as CEO of Dairy Women’s Network (DWN) in May 2018. More >>

Advertising Standards Authority Decisions Released

Friday, 15 December 2017, 12:23 pm | Advertising Standards Authority

• Complaint 17/210 Appeal 17/017 Fluoride Free NZ , Out of Home: Upheld, in part • Complaint 17/282 Lumerian Springs , Digital Marketing: Settled – advertisement changed/removed • Complaint 17/283 Lumerian Springs , Digital Marketing: Settled ... More >>

2018 New Year Resolutions for Your Relationships

Friday, 15 December 2017, 12:19 pm | Law Commission

No one resolves that the end of your relationship will be tidy and simple. That is probably because you do not resolve at New Year that your relationships will end. However, sometimes it is best to plan for the worst and hope for the best. More >>

NZ dollar gains vs euro as Draghi reiterates stimulus pledge

Friday, 15 December 2017, 12:10 pm | BusinessDesk

Dec. 15 (BusinessDesk) - The New Zealand dollar rose against the euro after European Central Bank president Mario Draghi reiterated his commitment to providing monetary stimulus in the eurozone, even while the bank lifted its growth and inflation forecasts. More >>

Net Neutrality Failure in US Will Hurt All Internet Users

Friday, 15 December 2017, 11:50 am | Internet NZ

InternetNZ Chief Executive Jordan Carter has condemned the decision by the United States communications regulator to undo 2015 open Internet rules, warning that all Internet users will end up worse off as a result. More >>

Vaughan Renner Elected New President for BusinessNZ

Friday, 15 December 2017, 11:48 am | Business NZ

Mr Renner is also President of Business Central, representing businesses in the lower North Island and upper South Island. More >>

While you were sleeping: Walt Disney, Fox shares climb

Friday, 15 December 2017, 11:21 am | BusinessDesk

Dec. 15 (BusinessDesk) - Wall Street inched lower as investors eyed the final negotiations on the Republican tax bill. More >>

Labour Force Will Grow And Age

Friday, 15 December 2017, 10:59 am | Statistics New Zealand

New Zealand's labour force is projected to keep growing, driven by an increasing population and people working into older ages, Stats NZ said today. The labour force includes both employed and unemployed people. More >>

Plastic’s Not Fantastic for First Home Buyers

Friday, 15 December 2017, 10:47 am | Mike Pero

First home buyers looking to get a foot on the property ladder in the New Year would be well advised to avoid turning to credit cards to pay for Christmas, Mike Pero Mortgages says. More >>

Auckland business wins world recognition

Friday, 15 December 2017, 10:07 am | Barfoot and Thompson

Auckland’s Barfoot & Thompson has won unprecedented world-wide recognition as ‘Best International Lettings Agency 2017-2018’ at the recent International Property Awards in London. In a first for any New Zealand agency, the ‘Best International’ ... More >>

CITIC Capital to Acquire Trilogy International Ltd

Friday, 15 December 2017, 9:37 am | Citic

Offer of NZD250m and commitment of resources to accelerate global growth of New Zealand brands More >>

Westpac NZ Offers Relief to Farmers Affected by Drought

Friday, 15 December 2017, 9:35 am | Westpac

Westpac is offering to assist its hardest hit customers, as drought-like conditions grip large parts of the country. More >>

Air New Zealand leads the way with the Google Assistant

Friday, 15 December 2017, 9:22 am | Air New Zealand

Air New Zealand has become the first airline in Australasia to launch on the Google Assistant, offering customers a convenient, hands-free way to talk to the airline on the go. More >>

Preliminary Issues for Heinz Wattie’s/Cerebos Gregg’s Merger

Friday, 15 December 2017, 9:14 am | Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to an application from H. J. Heinz Company (New Zealand) Limited (Heinz Wattie’s) to acquire the food and instant coffee business of Cerebos Gregg’s Limited (Cerebos ... More >>

Figured Receives Capital Investment From Darby Capital

Friday, 15 December 2017, 9:03 am | Darby Capital Partners

AUCKLAND, Dec. 14, 2017 – Figured Limited (“Figured”), a cloud based accounting and financial management software for the agriculture sector, has partnered with Auckland-based Darby Capital Partners, a growth private equity firm focused on partnering ... More >>

Report on annual review of Fonterra’s Milk Price Manuak

Friday, 15 December 2017, 9:03 am | Commerce Commission

The Commerce Commission has released its final report on its annual review of Fonterra’s Milk Price Manual for the current dairy season. More >>

Global Speakers Summit 2018 ‘From Leader to Legacy

Friday, 15 December 2017, 8:52 am | Global Speakers Summit

Following on the heels of an international American Express survey that confirms the vast majority of millennials want to change the business landscape to one that does good, New Zealand is well positioned to champion yet another political and social ... More >>

So, You Think That You Know All There is to Know About Xmas?

Friday, 15 December 2017, 8:49 am |

Maybe you string enough lights on your roof to give Clark Griswald a run for his money. Maybe you can identify mistletoe and holly in the wild, chop down your own Christmas tree, and know exactly how many Hallmark Keepsake ornaments they’ve issued ... More >>

Coherent Solutions Raises $3 million

Friday, 15 December 2017, 8:47 am | Coherent Solutions

Coherent Solutions, a world leading provider of high-end testing equipment for the optical telecommunications market, announced today the completion of a $3 million A-Series investment round. The investment round was led by New Zealand’s Punakaiki ... More >>

HiFX Morning Update, December 15, 2017

Friday, 15 December 2017, 8:36 am | HiFX

The NZDUSD opens at 0.7005 (mid-rate) this morning. Although the NZD rallied initially after the U.S. Fed hiked rates 0.25% to 1.5% yesterday at 8am, the Kiwi failed to kick on overnight and starts this morning only a fraction higher against the USD, ... More >>

MARKET CLOSE: NZ shares up, Scales and A2 rise

Thursday, 14 December 2017, 8:31 pm | BusinessDesk

Dec. 14 (BusinessDesk) - New Zealand shares gained, led by Scales Corp and A2 Milk Co, while Sky Network Television dropped again. More >>

NZ dollars falls vs Aussie on strong Australian jobs

Thursday, 14 December 2017, 8:29 pm | BusinessDesk

Dec. 14 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after jobs figures across the Tasman beat expectations, but held near a two-month high against a weaker greenback after the Federal Reserve continued to signal muted ... More >>

Rubicon deal to sell Clearwood stake within valuation

Thursday, 14 December 2017, 8:00 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Rubicon's proposal to sell a 45 percent stake in local Clearwood manufacturing business falls within the independent adviser's valuation range. More >>

Toni Street and Mike Hosking to leave Seven Sharp

Thursday, 14 December 2017, 7:34 pm | TVNZ

Toni Street and Mike Hosking to leave Seven Sharp Tomorrow’s final Seven Sharp show for 2017 will bring a close to Toni Street and Mike Hosking’s four years co-hosting the country’s most watched 7pm weeknight programme. More >>

Fergus raises $3.5 million to drive global expansion

Thursday, 14 December 2017, 7:32 pm | Fergus

Fergus, the leading job management platform for growing trades businesses in New Zealand, announced today a $3.5 million AUD investment led by Sydney-based, Microequities Venture Capital Fund. More >>

Growth in motorhome lifestyle has industry excited

Thursday, 14 December 2017, 6:44 pm | Covi SuperShow

New Zealand’s largest annual motorhome, caravan and outdoor expo gears up for another record breaking show More >>

Managing pests to help eradicate global hunger

Thursday, 14 December 2017, 6:40 pm | Agcarm

Famers and growers contribute to the quest of eradicating global hunger by providing nutritious food. Their approach to managing pests helps maximise production with finite resources. More >>

Robertson wants well-being measures in place for 2019 budget

Thursday, 14 December 2017, 6:30 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Finance Minister Grant Robertson wants to go beyond mere dollars and cents to measure the government's success in the 2019 budget, tasking the Treasury to develop a world-first framework. More >>

Alliance distributes $11.4 mln to farmer, looks abroad

Thursday, 14 December 2017, 5:47 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Alliance Group, the world's biggest sheepmeat exporter, will pay $11.4 million to its farmer shareholders this week, after a year where it doubled annual earnings as sales rose 15 percent with a recovery in global meat prices. More >>

Simplicity Launch Free Financial Education in Plain English

Thursday, 14 December 2017, 5:36 pm | Simplicity

Non-profit KiwiSaver and fund manager Simplicity has launched free financial education for all New Zealanders, written in plain English, delivered 100% onlineand direct into workplaces. More >>

Ports of Auckland gets serious about cutting emissions

Thursday, 14 December 2017, 5:13 pm | Ports of Auckland

Ports of Auckland has an ambitious goal to become a zero emissions port by 2040. We have recently completed the first step toward that goal by accurately measuring our emissions and developing a plan to reduce them. More >>

BusinessNZ Energy Council welcomes winter energy payment

Thursday, 14 December 2017, 5:12 pm | BusinessNZ

The BusinessNZ Energy Council (BEC) welcomes the announcement of a winter energy payment, which will help those Kiwis who find it difficult to pay their electricity bills. More >>

Property for Industry hikes annual earnings guidance

Thursday, 14 December 2017, 5:11 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Property for Industry raised annual earnings guidance as the industrial real estate investor benefited from stronger leasing since its half-year result. More >>

Winner of the NEXT Women in Media Scholarship Announced

Thursday, 14 December 2017, 4:54 pm | Bauer Media

NEXT Magazine and Bauer Media are pleased to announce that the winner of the NEXT Women in Media Scholarship for 2018 is Penelope Brown (née Burns) from MBM. More >>

SH1 reopening a significant achievement

Thursday, 14 December 2017, 4:49 pm | Road Transport Forum

Road Transport Forum Chief Executive Ken Shirley has congratulated NZTA and the NCTIR alliance on tomorrow’s reopening of State Highway 1 around Kaikoura. More >>

ASA December 2017 Newsletter

Thursday, 14 December 2017, 4:27 pm | Advertising Standards Authority

New Children and Young People’s Advertising Code Now In Effect As of 2 October 2017 all advertising targeting under 18’s must comply with the new Children and Young People’s Advertising Code. The new code has rules about identifying commercial ... More >>

Bell Gully performs strongly in top legal directories

Thursday, 14 December 2017, 4:25 pm | Bell Gully

The latest results from leading legal directories The Legal 500 Asia Pacific and Chambers Asia Pacific confirm Bell Gully’s leading position in the New Zealand legal market. More >>