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Latest Business Headlines

Electric cars won’t solve congestion

Thursday, 5 May 2016, 5:32 pm | Dog And Lemon guide

The government’s announcement of support for electric cars won’t solve the country’s transport problems, says the car review website dogandlemon.com . More >>

Road Transport Forum welcomes electric vehicle announcement

Thursday, 5 May 2016, 5:09 pm | Road Transport Forum

Road Transport Forum welcomes electric vehicle RUC announcement Road Transport Forum Chief Executive Ken Shirley has welcomed the announcement today by Transport Minister Simon Bridges that electric powered heavy vehicles be exempt from road user charges ... More >>

Let’s get the electric vehicle revolution going

Thursday, 5 May 2016, 5:08 pm | Electricity Networks Association

The Electricity Networks Association has today welcomed the Government’s measures to increase the number of electric vehicles on New Zealand’s roads. More >>

Metlifecare likely to see share price surge

Thursday, 5 May 2016, 5:03 pm | BusinessDesk

May 5 (BusinessDesk) - Analysts are picking a likely upsurge in the share price of retirement village operator Metlifecare in coming months due to a ramp-up in development, change in leadership, and supportive conditions, despite the company having traded ... More >>

Dairying Women’s Award Winners Announced

Thursday, 5 May 2016, 4:56 pm | Fonterra

Fonterra would like to congratulate the 2016 Dairy Woman of the Year winner, Rebecca Keoghan. More >>

'Under pressure' Weldon froze funding for Grain Exchange

Thursday, 5 May 2016, 4:55 pm | BusinessDesk

May 5 (BusinessDesk) - Former NZX chief executive Mark Weldon was under pressure from his board over the performance of acquisitions and over his own performance when he stopped funding for Clear Grain Exchange, Wellington's High Court has heard. More >>

No road user charges feature in Govt package

Thursday, 5 May 2016, 4:54 pm | BusinessDesk

May 5 (BusinessDesk) - Drivers of electric vehicles won't have to pay road user charges and will be allowed to drive in bus lanes as part of a new government plan to double EV numbers annually to a target 64,000 by 2021. More >>

Jennie Langley first independent Chair of ERANZ

Thursday, 5 May 2016, 4:50 pm | Electricity Retailers' Association of NZ

The Electricity Retailers’ Association of New Zealand (ERANZ) has appointed Jennie Langley as its inaugural Independent Chair. More >>

Templeton to join PledgeMe board

Thursday, 5 May 2016, 4:27 pm | PledgeMe

New Zealand’s crowdfunding site PledgeMe has announced its second crowdsourced director in 2016 with Melanie Templeton joining the board. More >>

RMA reforms running into heavy weather at select committee

Thursday, 5 May 2016, 4:09 pm | BusinessDesk

May 5 (BusinessDesk) - The select committee considering reforms to the Resource Management Act is hearing a chorus of concern about proposals to limit rights of appeal on resource consents, expansion of ministerial powers, and fears over the potential for "collaborative ... More >>

Cyber-attacks a standard part of doing business with China

Thursday, 5 May 2016, 4:08 pm | BusinessDesk

May 5 (BusinessDesk) - China has been cited as one of the most active countries for cyber crime attacks at New Zealand's first Cyber Security Summit in Auckland. More >>

Contact supportive of increasing electric vehicle use

Thursday, 5 May 2016, 3:49 pm | Contact Energy

Contact Energy’s Chief Executive, Dennis Barnes welcomed the government’s announcement of a package of activity to further support the adoption of electric vehicles in New Zealand. More >>

Vector - leading the charge

Thursday, 5 May 2016, 3:33 pm | Vector

Vector welcomes the Minister of Energy’s “Electric Vehicles Partnership Programme”, a package of measures to promote the uptake of electric vehicles in New Zealand released today. More >>

Record Number of Wanaka Operators Attending TRENZ 2016

Thursday, 5 May 2016, 3:29 pm | Lake Wanaka Tourism

Wanaka, New Zealand (Thursday 4 May, 2016) – A total of 15 Wanaka based companies will be heading to TRENZ this year, making it the largest contingent of operators from the region to ever attend New Zealand tourism industry’s premier international ... More >>

Westpac NZ supports government take up of Electric Vehicles

Thursday, 5 May 2016, 3:14 pm | Westpac New Zealand

Westpac NZ welcomes the government's package of measures to support the take up of electric vehicles (EVs) announced today. More >>

Government electric vehicle boost is welcome change of gear

Thursday, 5 May 2016, 3:11 pm | Sustainable Business Network

Years of work by Kiwi businesses on electric vehicle uptake are finally getting the government boost they deserve. More >>

Key's lawyer, Whitney, no longer a lawyer

Thursday, 5 May 2016, 2:57 pm | BusinessDesk

May 5 (BusinessDesk) - The man routinely described as Prime Minister John Key's lawyer, John Whitney, is not in fact a lawyer anymore. More >>

Industry to advise on new cyber crime unit

Thursday, 5 May 2016, 2:55 pm | BusinessDesk

May 5 (BusinessDesk) - Communications Minister Amy Adams is setting up a private sector advisory board to help set up and run the new national Computer Emergency Response Team and introducing a cyber credentials scheme for small businesses later ... More >>

NZ Super Fund 'happy' with Z Energy stake

Thursday, 5 May 2016, 2:53 pm | BusinessDesk

May 5 (BusinessDesk) - The New Zealand Superannuation Fund said it is happy to remain a holder of shares in Z Energy, which reached a record high today, after Australian media reports suggesting it planned to sell its 10 percent stake in the fuel retailer. More >>

Fonterra cuts Australian farmgate milk price

Thursday, 5 May 2016, 2:40 pm | BusinessDesk

May 5 (BusinessDesk) - Fonterra Cooperative Group cut its forecast farmgate milk price to its Australian dairy farmers for the current season, saying it better reflects the oversupply of milk which is weighing on global dairy commodity prices. It also ... More >>

GeoOp shareholders approve merger with InterfaceIT

Thursday, 5 May 2016, 2:38 pm | BusinessDesk

May 5 (BusinessDesk) - GeoOp shareholders have overwhelmingly approved a merger with Australian mobile sales app developer InterfaceIT and welcomed Roger Sharp to the board, where he is to replace Mark Weldon as chairman. More >>

Rewards the most-sought credit card feature

Thursday, 5 May 2016, 2:13 pm | Canstar

CANSTAR releases Credit Card Rewards Star Ratings, reporting on 45 credit cards from 10 financial institutions. More >>

Limited supply pushes wool up

Thursday, 5 May 2016, 1:58 pm | New Zealand Wool Services

New Zealand Wool Services International Limited’s C.E.O, Mr John Dawson reports that seasonal limited wool supply and a generally weaker New Zealand dollar saw the 4,700 bales in the South Island sale well supported with an 85.6 percent clearance. More >>

Mighty River Power appoints GM Digital Services

Thursday, 5 May 2016, 1:40 pm | Mighty River Power

Mighty River Power today announced the appointment of Kevin Angland to the position of GM Digital Services. More >>

Brains, Beauty And Brawn in 2016 Dairy Manager Finalists

Thursday, 5 May 2016, 1:39 pm | New Zealand Dairy Industry Awards

Brains, Beauty And Brawn in 2016 Dairy Manager Finalists The 11 finalists in the 2016 New Zealand Dairy Manager of the Year competition include a former physiotherapist, economist and motor cycle engineer. National finals judging is underway as the group ... More >>

Fonterra cuts Australian farmgate milk price, offers loans

Thursday, 5 May 2016, 1:35 pm | BusinessDesk

May 5 (BusinessDesk) - Fonterra Cooperative Group cut its forecast farmgate milk price to its Australian dairy farmers for the current season, saying it better reflects the oversupply of milk which is weighing on global dairy commodity prices. It also ... More >>

Oz Clarke inducted in to New Zealand Wine Hall of Fame

Thursday, 5 May 2016, 1:33 pm | NZ Wine Hall of Fame

Oz Clarke, the man who helped put New Zealand Wine on the map, will be inducted into the New Zealand Wine Hall of Fame on International Sauvignon Blanc Day, Friday May 6. Oz is the first person in the UK to receive this honour, and only the second ... More >>

Kiwi company redefines smartphone keyboards

Thursday, 5 May 2016, 1:29 pm | MAD Applications

Thumsta – a Kiwi keyboard app that is actually designed for how you hold your device. More >>

NZME Reclaims Number One in News, Sport And Entertainment

Thursday, 5 May 2016, 1:18 pm | NZME

NZME RECLAIMS NUMBER ONE IN NEWS, SPORT AND ENTERTAINMENT 5 May 2016 – The results for the first 2016 GfK independent radio survey have been released. More people are listening to commercial radio in New Zealand, (up by more than 240,000Ɨ people) ... More >>

Health and safety: taking care of your most important asset

Thursday, 5 May 2016, 1:16 pm | Food and Grocery Council

If companies really believe people are their most important asset then they will take health and safety really seriously, says the Chair of the NZ Food & Grocery Council-led Health & Safety Working Group, Gerry Lynch. More >>

Mediaworks Radio Remains Number One in Every Major Market

Thursday, 5 May 2016, 1:14 pm | Mediaworks

Mediaworks Radio Remains Number One in Every Major Market FOR THE FIRST TIME EVER, CRACKS MORE THAN 1 MILLION LISTENERS IN BREAKFAST PAUL HENRY GROWS AUDIENCE ACROSS EVERY MAJOR MARKET In the first GFK NZ Major Markets Commercial Radio Survey, MediaWorks ... More >>

eMagic Announces the New Search Marketing Solution Launch

Thursday, 5 May 2016, 12:49 pm | emagic

eMagic , an established SEO agency in Auckland, New Zealand, is pleased to announce the launch of their new search engine marketing solution called SearchMagic. More >>

Wild Strait signs Microsoft Visual Studio Partner Agreement

Thursday, 5 May 2016, 12:43 pm | Equinox IT

Newly launched software performance company Wild Strait has signed an ‘Alliance level’ Visual Studio Industry Partner (VSIP) agreement with Microsoft. More >>

Government to spend $22.2 million to help combat cyber crime

Thursday, 5 May 2016, 12:39 pm | BusinessDesk

May 5 (BusinessDesk) - The government will spend $22.2 million over the next four years to help combat cyber crime. More >>

OIO fee hike will lift staff numbers

Thursday, 5 May 2016, 12:32 pm | BusinessDesk

May 5 (BusinessDesk) - The government has flagged plans to speed up the overseas investment regime, hiking application fees to allow the Overseas Investment Office to take on more staff and clarifying exemption rules. More >>

Warehouse Money Purple Visa Card Receives 5-star Rating

Thursday, 5 May 2016, 12:14 pm | The Warehouse Group

The Warehouse Money Purple Visa Card has been awarded a 5-star rating in the latest Canstar Credit Card Rewards star ratings report – just six months after launching. More >>

Bank of NZ bad debt provision jumps 83%

Thursday, 5 May 2016, 12:10 pm | BusinessDesk

May 5 (BusinessDesk) - Bank of New Zealand's charge for bad and doubtful debts jumped 83 percent in the first half as the local unit of National Australia Bank doubled its provision against its dairy book in the face of a sustained downturn. More >>

Seresin Estate Announces ‘Living off the Land’

Thursday, 5 May 2016, 12:05 pm | Seresin Estate

Seresin Estate is pleased to announce two mid-winter lunches will be presented at their Waterfall Bay occasional restaurant in association with fine-dining Restaurateur Michael Dearth and Chef Ben Bayly, themed ‘Living off the Land’. More >>

Online Life, Income Protection Insurance Broker

Thursday, 5 May 2016, 12:03 pm | SmartInsure

SmartInsure is a New Zealand owned online insurance brokerage with a difference, not only is there a market leading 30% first year premium rebate on Life Insurance & Income Protection but it also offers advice around the products. More >>

Booking.com Partners with Huawei

Thursday, 5 May 2016, 12:02 pm | Booking.com

Leading accommodation booking platform will provide over 880,000 accommodation options to Huawei users worldwide More >>

New Hub for Business – EMA Opens New Offices

Thursday, 5 May 2016, 11:46 am | Employers And Manufacturers Association

EMA’s new premises were officially opened by the Rt Hon John Key today, following a blessing by Ngati Whatua earlier in the day. The new office block and conference/training facility is stage two of the development of the Khyber Pass Road site in Auckland. ... More >>

Turners raises annual earnings guidance

Thursday, 5 May 2016, 11:27 am | BusinessDesk

May 5 (BusinessDesk) - Turners raised its full-year profit forecast as all its trading operations maintained strong performance in the last quarter of the financial year. Its shares rose 4.6 percent. More >>

Fuji Xerox: From Managed Print to Content Management

Thursday, 5 May 2016, 11:26 am | Fuji Xerox

As a mature offering, Managed Print Services has proven its value for organisations across the spectrum – but are New Zealand’s businesses taking full control of their content from end to end? That’s a question posed by Fuji Xerox, which notes ... More >>

Minister of Transport unveils new Queenstown runway lights

Thursday, 5 May 2016, 11:16 am | Airways New Zealand

Minister of Transport Simon Bridges has tonight officially inspected and switched on the new runway lights in Queenstown, a key milestone in getting Queenstown Airport ready to receive after-dark flights. More >>

Waikato forum: what dairy can learn from kiwifruit crisis

Thursday, 5 May 2016, 11:07 am | DairyNZ

Dairy farmers facing the industry’s lowest milk price in years will this month hear lessons learnt by the kiwifruit industry when Psa struck in 2010. More >>

Strategies for growth help to secure momentum for BNZ

Thursday, 5 May 2016, 11:01 am | BNZ

Strong underlying performance has seen the Bank of New Zealand (BNZ) report a statutory net profit for its banking group1 of NZ$451 million for the half year to 31 March, 2016. More >>

Australia Bank's NZ cash earnings drop 3% on dairy provision

Thursday, 5 May 2016, 10:38 am | BusinessDesk

May 5 (BusinessDesk) - National Australia Bank's New Zealand cash earnings dropped 3 percent in its first half as the lender took impairments against its rural loan book because of the dairy industry downturn while its net interest margin shrank. More >>

Spark Lab brings in international heavy-hitters

Thursday, 5 May 2016, 10:35 am | Spark Lab

Google’s Reuben Halper and Sunny Bates of TED and Kickstarter are among those who will be in Auckland this month to speak with New Zealand businesses as part of Spark Lab’s Innovation Month. More >>

Southern Cross members among New Zealand’s most satisfied

Thursday, 5 May 2016, 10:31 am | Southern Cross

Southern Cross Health Society members are among New Zealand’s happiest customers, according to a run of awards the insurer has won recently. The Health Society has recently taken out the Gold Award in the Health Insurance category at the Reader’s ... More >>

NZX cash market trading climbs 47% in April

Thursday, 5 May 2016, 9:56 am | BusinessDesk

May 5 (BusinessDesk) - NZX cash trading jumped 47 percent by volume in April from the same month last year with gains in both equity and debt security transactions. More >>

NZ dollar unchanged as investors await US payrolls report

Thursday, 5 May 2016, 9:08 am | BusinessDesk

May 5 (BusinessDesk) - The New Zealand dollar was little changed as investors mulled mixed US economic data releases overnight as they await the key US nonfarm payroll data tomorrow for a steer on the outlook for growth in the world's largest economy. More >>

MARKET CLOSE: NZ shares fall led by Air NZ, Xero

Thursday, 5 May 2016, 9:06 am | BusinessDesk

May 4 (BusinessDesk) - New Zealand shares fell, not maintaining yesterday's gains as Air New Zealand, Xero and Skellerup dropped though Sky Network Television gained. More >>

HiFX Morning Update, May 5 2016

Thursday, 5 May 2016, 8:43 am | HiFX

The NZDUSD opens at 0.6878 (mid-rate) this morning. The NZD has fallen further along with other commodity-linked currencies, as risk appetite continues to wane. More >>

While you were sleeping: Equities drop on data

Thursday, 5 May 2016, 7:14 am | BusinessDesk

May 5 (BusinessDesk) - Wall Street declined as worse-than-expected US economic data and disappointing earnings bolstered concern about the outlook for corporate profits. More >>

NZ dollar extends decline after China lowers yuan fixing

Wednesday, 4 May 2016, 5:33 pm | BusinessDesk

May 4 (BusinessDesk) - The New Zealand dollar extended its decline after China cut its yuan fixing against the US dollar by the most since its devaluation last August, sending the greenback broadly higher. More >>

NZ Refining needs to dredge Whangarei harbour

Wednesday, 4 May 2016, 5:32 pm | BusinessDesk

May 4 (BusinessDesk) - New Zealand Refining hopes to apply for resource consents by the end of this year for dredging Whangarei Harbour, expected to cost between $30 million and $45 million, to allow heavier loads on tankers bringing crude oil ... More >>

Lenders must repay all fees and interest

Wednesday, 4 May 2016, 2:55 pm | Commerce Commission

Lenders must repay all fees and interest if they don’t comply with disclosure rules More >>

Ike GPS shares jump 33% on 2017 breakeven forecast

Wednesday, 4 May 2016, 2:51 pm | BusinessDesk

May 4 (BusinessDesk) - IkeGPS shares soared 33 percent after the company said it expects to reach cash breakeven in 2017 on improved sales from its new cloud-based product. More >>

NZ labour market reasonably robust

Wednesday, 4 May 2016, 2:49 pm | BusinessDesk

May 4 (BusinessDesk) - New Zealand’s labour market is in reasonable health, despite a higher jobless rate in the first quarter, with employment growing faster than the total working-age population, economists say. More >>

Weldon's bet was 'highest-risk strategy'

Wednesday, 4 May 2016, 2:43 pm | BusinessDesk

May 4 (BusinessDesk) - NZX's acquisition of Clear Grain Exchange in 2009 was a high-risk strategy that assumed it could add value to the barely profitable Australian business even though former chief executive Mark Weldon had been told it could take five to ... More >>

 

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