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Latest Business Headlines

Proliant Biologicals Opens New Zealand Facility

Saturday, 13 February 2016, 11:23 am | Proliant Biologicals

Proliant Biologicals is proud to announce the opening of its New Zealand Bovine Serum Albumin (BSA) manufacturing facility. The facility is located on the North Island of New Zealand, in Feilding. More >>

Port Nicholson votes down Shelly Bay sale, citing SFO probe

Friday, 12 February 2016, 6:06 pm | BusinessDesk

Feb. 12 (BusinessDesk) - The Wellington Maori tribal investment vehicle, the Port Nicholson Block Settlement Trust, will not back a proposal to sell the old Shelley Bay defence base to local property developer Ian Cassells, following the failure ... More >>

MARKET CLOSE: NZ shares fall as global mood sours further

Friday, 12 February 2016, 5:54 pm | BusinessDesk

MARKET CLOSE: NZ shares fall as global mood sours further, Air NZ, Sky TV and Xero drop More >>

NZ dollar heads for 0.9% weekly gain

Friday, 12 February 2016, 5:19 pm | BusinessDesk

NZ dollar heads for 0.9% weekly gain as global fears see investors dump greenback More >>

Harmoney has $30 mln on hand as it steps up Australia launch

Friday, 12 February 2016, 4:49 pm | BusinessDesk

Harmoney has $30 mln on hand as it steps up Australia launch By Paul McBeth More >>

Reminder to sever your banking ties if love fails

Friday, 12 February 2016, 4:43 pm | Banking Ombudsman

Your finances as well as your heart can be broken if you don’t update your banking arrangements after a relationship breakdown, says Banking Ombudsman Nicola Sladden. More >>

Highest monthly rise in food prices since June 2013

Friday, 12 February 2016, 4:41 pm | Statistics New Zealand

Food prices rose 2.0 percent in January 2016, Statistics New Zealand said today. This is the highest monthly rise since June 2013, and follows five consecutive months of decreases. Food prices usually rise in January due to seasonally higher fruit ... More >>

CORRECT: Innate Immunotherapeutics co-founder sues company

Friday, 12 February 2016, 4:40 pm | BusinessDesk

Feb. 12 (BusinessDesk) - The co-founder of ASX-listed Innate Immunotherapeutics is suing the New Zealand and Australian-based medical biotech company for royalties he claims are owed to him through the sale of patented products. More >>

Human factors passion leads to aviation safety scholarship

Friday, 12 February 2016, 4:39 pm | Airways New Zealand

A former commercial pilot with a passion for understanding the ‘human factors’ of aviation safety has been awarded the 2016 Jilly Murphy Memorial Scholarship for Aviation Safety. Kate Cook now works in the operational safety team of Airways New ... More >>

Valentine’s Day – Kiwi growers a better pick

Friday, 12 February 2016, 3:51 pm | NZ Flower Growers

Love is in the air as Valentine’s Day approaches, but it’s buyer beware when it comes to choosing a longer-lasting, pesticide-free bloom. Picking from a Kiwi rose grower instead of the influx of imported bouquets could make all the difference ... More >>

RESEND: Vero faces bigger bill for Canterbury quakes

Friday, 12 February 2016, 3:49 pm | BusinessDesk

RESEND: Vero faces bigger bill for Canterbury quakes because of new over-cap EQC claims More >>

Lake Wanaka records a stellar increase in guest nights

Friday, 12 February 2016, 3:21 pm | Lake Wanaka Tourism

Wanaka, New Zealand (12 February 2016) – Lake Wanaka has hit an all – time high for guest nights in December according to Statistics New Zealand figures released yesterday. More >>

Police offered programme to improve their financial know-how

Friday, 12 February 2016, 3:12 pm | Commission for Financial Capability

Police personnel are being offered the chance to improve their financial know-how through the Police Moneywise Course, a collaboration between the Commission for Financial Capability and the Police and Families Credit Union. Research has shown that financial ... More >>

Vero faces bigger bill for Canterbury quakes

Friday, 12 February 2016, 3:12 pm | BusinessDesk

Feb. 12 (BusinessDesk) - Vero New Zealand, the general insurer owned by Australia's Suncorp Group, has increased its assessment of the likely cost from the series of Canterbury earthquakes by $123 million, largely because of new claims that exceed ... More >>

Final show down for legitimate tradespeople

Friday, 12 February 2016, 2:57 pm | Plumbers Gasfitters and Drainlayers Board

Now more than ever, tradespeople need to make sure they hold a current licence. The new licensing year begins on 1 April 2016 – and those who lapse will get caught. More >>

Spark's Revera wins IRD's data centre contract

Friday, 12 February 2016, 2:48 pm | BusinessDesk

Feb. 12 (BusinessDesk) - Spark New Zealand's Revera unit has been picked to supply the Inland Revenue Department's data centre services for the new tax system being developed under its business transformation programme. More >>

Rabobank appoints new Group Executive

Friday, 12 February 2016, 2:40 pm | Rabobank

Rabobank has appointed Els Kamphof to the position of Group Executive, Wholesale Banking to lead a strengthened corporate banking operation for Rabobank in New Zealand and Australia. More >>

Hotel Industry Awards expand to reflect success

Friday, 12 February 2016, 2:38 pm | TIANZ

A new and expanded Hotel Industry Awards was launched today to recognise individuals who are doing an outstanding job in key roles, from housekeeping to the general manager, contributing to the sector’s overall success. More >>

Victory for Pembroke Patisserie

Friday, 12 February 2016, 2:33 pm | Pembroke Patisserie

Matt and Kirsty Schmutsch are excited to announce they have been selected as one of the 10 winners in the Cuisine Artisan More >>

NZ wool prices hold firm even with China absent

Friday, 12 February 2016, 2:24 pm | BusinessDesk

Feb. 12 (BusinessDesk) - New Zealand wool prices held firm at auction even though buyers from China, the country's largest export market, were absent due to the Chinese Lunar New Year holiday this week. More >>

Union victory over Affco, court orders return to day shifts

Friday, 12 February 2016, 12:05 pm | BusinessDesk

Feb. 12 (BusinessDesk) - The Employment Court has ruled Affco must allow 200 Wairoa freezing workers to return to their jobs on the day shifts they would have had if the Talley's-owned meat processor hadn't illegally locked them out. More >>

Bluescope halves net value of NZ steel assets

Friday, 12 February 2016, 12:04 pm | BusinessDesk

Feb. 12 (BusinessDesk) - Australian steel maker Bluescope is to make a A$350 million write down on the value of its New Zealand Steel and Pacific Steel businesses, more than halving the net value of its kiwi assets as part of a A$570 million write down ... More >>

AIPM applauds release of the Shergold Review

Friday, 12 February 2016, 12:02 pm | Australian Institute of Project Management

The Australian Institute of Project Management (AIPM) today welcomed the release of the Shergold Review, with express support for its efforts to improve the management of major projects in this country. Titled “Learning from Failure: Improving Government ... More >>

Cybercriminals take advantage of Netflix's global expansion

Friday, 12 February 2016, 12:02 pm | Symantec

New Symantec research released overnight tracks how cyber criminals have piggy backed on Netflix’s global expansion to steal users’ credentials in order to provide the streaming service at black market prices. More >>

SealesWinslow mills receive quality stamp

Friday, 12 February 2016, 11:58 am | Ballance Agri-Nutrients

SealesWinslow mills receive quality stamp SealesWinslow has attained FeedSafeNZ accreditation across all of its mills, recognising the high quality of the animal feed products they make. FeedSafeNZ is a quality stamp from the New Zealand Feed ... More >>

Beef + Lamb New Zealand making global connections

Friday, 12 February 2016, 11:30 am | Beef And Lamb NZ

Beef + Lamb New Zealand making global connections Beef + Lamb New Zealand teamed up with Le Cordon Bleu New Zealand Institute (LCBNZ) recently to host six chefs from China – winners of the global “Chef par Excellence” culinary competition. The ... More >>

NZ food prices edge up in January

Friday, 12 February 2016, 11:27 am | BusinessDesk

Feb. 12 (BusinessDesk) - New Zealand food prices rose in January, snapping five months of falling prices, with fruit, vegetables, meat and milk all more expensive. More >>

Queenstown’s Hotel St Moritz appoints new General Manager

Friday, 12 February 2016, 10:28 am | Hotel St Moritz Queenstown

One of Queenstown’s most enduring professional working relationships is coming to an end as a new chapter unfolds. More >>

Two New Directors Appointed to Real Journeys Board

Friday, 12 February 2016, 10:26 am | Real Journeys

Leading southern tourism operator, Real Journeys, is pleased to announce the appointment of Sue Sheldon and Vicky Taylor as directors to its board following its AGM at Cardrona Alpine Resort last week. More >>

Synlait Strengthens Senior Team to Drive Value Growth

Friday, 12 February 2016, 9:53 am | Synlait Milk Ltd

Three new senior management positions will add business development and process improvement capability to Synlait’s Senior Leadership Team. More >>

Overseas Investment – Changes coming

Friday, 12 February 2016, 9:43 am | Chen Palmer

The Prime Minister gave his Annual Statement to Parliament yesterday outlining the Government’s priorities for 2016. These include a review of the Overseas Investment Office which started last year. It is now apparent that the review will result in ... More >>

Supermarket Giant Countdown urged to have a heart for hens

Friday, 12 February 2016, 9:42 am | SAFE

Just in time for Valentine’s Day SAFE is asking supermarket giant Countdown to ‘show the hens some love’ by phasing out the sale of all cage eggs. The animal advocacy organisation, joined by TV personality and entrepreneur, Suzanne Paul, will ... More >>

Michael Hill posts 5.1% gain in 1H profit as Aust picks up

Friday, 12 February 2016, 9:38 am | BusinessDesk

Feb. 12 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, increased first-half profit 5.1 percent as it improved its performance in its key Australian market and boosted margins in New Zealand and Canada. More >>

REINZ stats show regions rocketing!

Friday, 12 February 2016, 9:30 am | Century 21

“The latest REINZ January statistics released today tell only one real story and that is many of New Zealand’s regions are experiencing a significant lift in both real estate sale prices and sale volumes,” says Geoff Barnett – National Manager ... More >>

Eco-vehicles confirmed as way of the future for NZ Post

Friday, 12 February 2016, 9:29 am | New Zealand Post

New Zealand Post is making a significant investment in its parcel and mail business with the addition of new Paxster electric delivery vehicles to its fleet. More >>

Preliminary issues for Spark acquisition

Friday, 12 February 2016, 9:27 am | Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to an application from Spark New Zealand Limited to acquire the management rights to 70MHz of 2300MHz radio spectrum from Craig NZ and Woosh NZ. More >>

Godfreys hoovers up The Service Company for $2.7 mln

Friday, 12 February 2016, 9:27 am | BusinessDesk

Feb. 12 (BusinessDesk) - Australian vacuum cleaner firm Godfreys Group has bought New Zealand commercial cleaning firm The Service Company (TSC) for $2.7 million as it seeks to build up the business in a highly fragmented market. More >>

NZ dollar advances as higher yields lure investors

Friday, 12 February 2016, 8:38 am | BusinessDesk

Feb. 12 (BusinessDesk) - The New Zealand dollar advanced even amid fears of a global slowdown, as the country's higher relative interest rates lured investors. More >>

While you were sleeping: Stocks, Boeing sink

Friday, 12 February 2016, 7:28 am | BusinessDesk

Feb. 12 (BusinessDesk) - Equity markets slid amid renewed fears about global economic growth, bolstering the appeal of perceived safe-haven assets like US Treasuries and gold. More >>

South Port NZ 1H profit jumps, unexpected lift in tonnage

Thursday, 11 February 2016, 5:53 pm | BusinessDesk

Feb. 11 (BusinessDesk) - New Zealand's southern-most deep water port, South Port New Zealand, saw profits increase by 54 percent in the six months to the end of December 2015 to $5.06 million, despite worries about the global economy. More >>

MARKET CLOSE: NZ shares fall on SkyCity outlook

Thursday, 11 February 2016, 5:47 pm | BusinessDesk

Feb. 11 (BusinessDesk) - New Zealand shares fell after SkyCity Entertainment Group, the first to post results this earnings season, reported a gain in first-half profit but left some investors underwhelmed with its outlook. Xero and Mighty River Power ... More >>

NZ dollar gains on greenback weakness driven by US rates

Thursday, 11 February 2016, 5:46 pm | BusinessDesk

Feb. 11 (BusinessDesk) - The New Zealand dollar gained against a broadly weaker greenback on concerns the US economy may not be growing as fast as expected and the track for Federal Reserve interest rate hikes will be slower and lower. More >>

Solid Energy in better shape than $1 Aussie coal miner: CEO

Thursday, 11 February 2016, 5:32 pm | BusinessDesk

Solid Energy in better position than sold-for-a-dollar Aussie coal mine, CEO Clifford says More >>

JLL Wellington Welcomes Georgia Hawkins

Thursday, 11 February 2016, 5:30 pm | JLL

JLL Wellington Welcomes Georgia Hawkins WELLINGTON, February 11, 2016 - JLL Wellington’s Valuation & Advisory team has appointed Georgia Hawkins as a graduate valuer. Georgia completed her Graduate Diploma in urban valuation at Lincoln University in ... More >>

HRDs Have Their Say on What It Takes to Reach Top HR Job

Thursday, 11 February 2016, 5:23 pm | Hays Recruitment

DNA of a HRD: HRDs Have Their Say on What It Takes to Reach the Top HR Job More >>

Ngaruroro Water Conservation Order

Thursday, 11 February 2016, 5:20 pm | Hawke's Bay Regional Council

James Palmer, HBRC’s Group Manager Strategic Development, says it’s premature to consider a Water Conservation Order or WCO application for the Ngaruroro and Clive Rivers while a planning process is already under way in this catchment. More >>

UPDATE: Shareholders Association fights Wynyard 'black hole'

Thursday, 11 February 2016, 5:10 pm | BusinessDesk

Feb. 11 (BusinessDesk) - The New Zealand Shareholders Association says it will oppose security software developer Wynyard's plans to sell new shares below a previously announced price floor of $2 a share when a meeting of investors is held next week. More >>

Icehouse Scholarship recipients announced

Thursday, 11 February 2016, 5:07 pm | The Icehouse

Scholarship recipients announced for The Icehouse’s 37th Owner Manager Programme The Icehouse, a business growth hub, has selected four business owners to receive their Owner Manager Programme Scholarships for the 37th programme. These recipients ... More >>

Shareholders Association to oppose Wynyard 'black hole'

Thursday, 11 February 2016, 3:59 pm | BusinessDesk

Feb. 11 (BusinessDesk) - The New Zealand Shareholders Association says it will oppose security software developer Wynyard's plans to sell new shares below a previously announced price floor of $2 a share when a meeting of investors is held next week. More >>

Pressing Need for a National Policy Statement under the RMA

Thursday, 11 February 2016, 3:58 pm | The New Zealand Council of Shopping Centres

The New Zealand Council of Shopping Centres (NZCSC) strongly supports a National Policy Statement (NPS) to provide clarity, pragmatism, and guidance on urban development under the RMA. More >>

Upper North Island ‘Growth Triangle’ Confidence Reinforced

Thursday, 11 February 2016, 3:45 pm | Auckland Chamber of Commerce

Upper North Island ‘Growth Triangle’ Confidence Reinforced by Port Action The decision of Ports of Auckland to establish an inland port in Hamilton will give upper North Island businesses greater choice for moving exports and imports around New ... More >>

Alcohol and drug impairment in Aviation addressed

Thursday, 11 February 2016, 3:13 pm | New Zealand Airline Pilots' Association

The New Zealand Air Line Pilots’ Association (NZALPA) supports effective programs to ensure passengers and crew are protected from any ill effects of drug and alcohol issues in the aviation industry. More >>

Labour challenges regulator on credit card surcharges

Thursday, 11 February 2016, 2:46 pm | BusinessDesk

Feb. 11 (BusinessDesk) - Labour Party MPs challenged the chair and senior managers of the Commerce Commission to be "more proactive" in their pursuit of consumer issues, with MP Clayton Cosgrove highlighting what he said were uncompetitive surcharges ... More >>

NZ services offsetting lower commodity prices, says Moody's

Thursday, 11 February 2016, 2:43 pm | BusinessDesk

Feb. 11 (BusinessDesk) - Moody's Investors Service is comfortable with its Aaa credit rating on New Zealand with a stable outlook, as it anticipates the impact from lower commodity prices will be offset by strength in areas of the economy such as tourism ... More >>

Gull fuel prices 14 cents below national pricing

Thursday, 11 February 2016, 2:22 pm | Gull Petroleum

Gull dropped fuel prices this morning by three cents a litre at all its company controlled outlets. More >>

Champions of the Forage Value Index

Thursday, 11 February 2016, 2:20 pm | Agriseeds

Champions of the Forage Value Index February 11: DairyNZ has recently released its latest rankings for the Forage Value Index (FVI), the independent, region specific, profit-based index for short-term and perennial ryegrass cultivars. For the first ... More >>

Trustpower Bolsters Women Dressing for Success

Thursday, 11 February 2016, 2:17 pm | TrustPower

Tauranga-based company Trustpower has gifted Dress for Success Rotorua with boxes of brand new professional women’s wear in a bid to increase the charity’s capability to help women into employment. More >>

BNZ invests in Figured– farm accounting software

Thursday, 11 February 2016, 2:14 pm | BNZ

BNZ today announced it will make a cornerstone 17% investment in cloud-based farm accounting software provider, Figured Limited. More >>

CORRECT: Auckland house sales fall in January

Thursday, 11 February 2016, 2:10 pm | BusinessDesk

Feb. 11 (BusinessDesk) - The steam continued to come out of the Auckland property market in January, being the only region to report a drop in house sales and a further slowing in annual price inflation as regulatory curbs dim demand in the country's ... More >>

Telcos earning too little on big investment: Spark's Moutter

Thursday, 11 February 2016, 2:03 pm | BusinessDesk

Feb. 11 (BusinessDesk) - Investment in the telecommunications sector has hit $1.7 billion annually but could shrink in future if returns don’t rise, warns Spark New Zealand chief executive Simon Moutter. More >>

 

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