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Latest Business Headlines

NZD falls vs yen on low Bank of Japan stimulus

Friday, 29 July 2016, 5:23 pm | BusinessDesk

The New Zealand dollar fell against the yen after the Bank of Japan announced additional monetary stimulus measures that were more modest than some in the market were expecting, driving up its currency. More >>

TVNZ confirms its news accreditation for the Rio Games

Friday, 29 July 2016, 5:16 pm | Sky Television

SKY and PRIME are pleased that TVNZ has today confirmed its news accreditation for the RIO Games. More >>

Fletcher trims $12 mln from slimmed down Higgins acquisition

Friday, 29 July 2016, 4:52 pm | BusinessDesk

Fletcher Building paid $12 million below the flagged purchase price to buy rival construction company Higgins Group Holdings after dropping Horokiwi Quarries from its application to reduce its dominance in the aggregates market. More >>

Moa stresses it has no undisclosed plans

Friday, 29 July 2016, 4:20 pm | BusinessDesk

July 29 (BusinessDesk) - Shareholders of NZX-listed beer-maker Moa Breweries have been assured again that the company has no "specific plans for corporate activity to talk about". More >>

Higgins Acquisition Completed

Friday, 29 July 2016, 3:38 pm | Fletcher Building

Auckland, 29 July 2016 – Fletcher Building Limited (Fletcher Building) announces it has completed the transaction to acquire New Zealand and Fiji road construction and maintenance business Higgins for a purchase price of NZ$303 million. The businesses ... More >>

Niue Vanilla - first Pacific food product in Trade Aid

Friday, 29 July 2016, 3:11 pm | Pacific Trade and Investment

Pacific Islands Trade & Invest congratulates Niue Vanilla International whose organic vanilla products will be sold in Trade Aid stores by August. More >>

AIA Delivers Excellent Growth in the First Half of 2016

Friday, 29 July 2016, 2:52 pm | AIA Group

VONB up 37 per cent on constant exchange rates Strong operating profit growth and progressive dividend HONG KONG, 29 July 2016 – The Board of Directors of AIA Group Limited (“AIA”; or the “Company”; stock code: 1299) is pleased to announce ... More >>

Kingfish's Fisher warns of lower returns

Friday, 29 July 2016, 2:27 pm | BusinessDesk

July 29 (BusinessDesk) - Fisher Funds sounded a note of caution to shareholders in the listed Kingfish investment firm it manages, that returns this financial year are likely to be lower than the previous year, particularly if any companies report ... More >>

Investors press NZOG to resume dividends

Friday, 29 July 2016, 2:23 pm | BusinessDesk

July 29 (BusinessDesk) - Investors in New Zealand Oil & Gas are pressing the company to resume paying dividends now that it is profitable again and generating imputation credits. More >>

NZ business confidence dips in June

Friday, 29 July 2016, 2:21 pm | BusinessDesk

July 29 (BusinessDesk) - New Zealand business confidence dropped in July, a movement ANZ New Zealand economists said was largely seasonal, as construction remained positive while residential investment intentions surged. More >>

Statistics NZ delays June household labour force survey

Friday, 29 July 2016, 2:20 pm | BusinessDesk

July 29 (BusinessDesk) - Statistics New Zealand will delay publishing the household labour force survey by two weeks to ensure the report meets standards after it modified the series this year. More >>

New ruling good news for leaky-building owners

Friday, 29 July 2016, 1:34 pm | Parker and Associates

Leaky-building specialist, Dan Parker from Parker & Associates said the Supreme Court’s decision today in the Carter Holt versus Minister of Education appeal is good news for leaky-home owners. “It’s great news. The Court has dismissed Carter ... More >>

Kiwi parents missing out on thousands of dollars in funding

Friday, 29 July 2016, 12:57 pm | KiwiOz Nannies

Finding the right childcare option is such a mine field for new parents that the vast majority ignores that employing a nanny or even a relative to look after their children could give them access to up to 30 ECE hours a week. That represents $2,000 ... More >>

Bethunes signals capital raise will come with investment

Friday, 29 July 2016, 12:53 pm | BusinessDesk

July 29 (BusinessDesk) - Bethunes Investments, formerly known as Mowbray Collectables, will look to raise new capital if it can successfully find an investment opportunity to execute. More >>

Todd to sell 20% stake in former gold mine land

Friday, 29 July 2016, 12:48 pm | BusinessDesk

July 29 (BusinessDesk) - Todd Corp has gained approval to sell its 20 percent stake in the Golden Cross joint venture, which ran a gold mine in Waikino until 1997, to Coeur Gold, its former partner in the project. More >>

NZ wool prices gain at auction

Friday, 29 July 2016, 12:45 pm | BusinessDesk

July 29 (BusinessDesk) - New Zealand wool prices gained at yesterday's South Island auction on increased demand and a wide selection of wool on offer. More >>

NZ construction workers juggling multiple job offers

Friday, 29 July 2016, 12:43 pm | Hays

Experienced construction candidates remain in such high demand that they often receive multiple job offers, says recruiting experts Hays in New Zealand. More >>

Big H&S Changes for Fleet Operators

Friday, 29 July 2016, 12:22 pm | Crash Management Services

Fleet accident management has always been a specialised subset within general fleet management but that's no longer the case, there is now significant cross-over into the rapidly expanding Health & Safety sector. This has been brought about by ... More >>

Te Māngai Pāho CE moves from Broadcasting to Forestry

Friday, 29 July 2016, 12:11 pm | Te Mangai Paho

John Bishara, Chief Executive of Te Māngai Pāho, is stepping down from his post at the Māori broadcasting funding agency after nearly twelve years in the role. In September Mr Bishara will return to Turangi where he will lead the Lake Taupō ... More >>

NZ residential building consents highest in 10 years

Friday, 29 July 2016, 12:09 pm | BusinessDesk

July 29 (BusinessDesk) - New Zealand residential building consents reached their highest annual total in more than a decade, driven by activity in Auckland and surrounding regions. More >>

Kiwis driving work vehicles may have low skills

Friday, 29 July 2016, 11:53 am | Driveline Fleet Ltd

More than an estimated 70 per cent of New Zealand drivers who turn up for advanced driver training have average to poor driving skills – a statistic which could pose a problem for employers under new health and safety legislation. More >>

Mainfreight's Plested gives recipe for NZ

Friday, 29 July 2016, 11:50 am | BusinessDesk

Mainfreight's Plested gives recipe for NZ including capital gains tax, performance pay for teachers More >>

Fur Industry Looks to Be Part of Predator-Free Solution

Friday, 29 July 2016, 11:49 am | New Zealand Fur Council

New Zealand’s $130 million possum fur industry is seeking constructive ways to work with the Government in the wake of its announcement to eradicate rats, stoats and possums by 2050. More >>

Veritas says earnings fell within guidance

Friday, 29 July 2016, 11:49 am | BusinessDesk

July 29 (BusinessDesk) - Veritas Investments says annual earnings declined as expected and it will provide more detail of how its three food and beverage businesses are tracking when it formally reports next month. More >>

Carter Holt loses bid to toss out huge leaky schools suit

Friday, 29 July 2016, 11:47 am | BusinessDesk

July 29 (BusinessDesk) - Carter Holt Harvey has lost its final bid to throw out a claim that it's liable for the cost of fixing about 890 leaky schools, with the Supreme Court siding with the Ministry of Education. More >>

Unisys Expands Managed Security Services Offering

Friday, 29 July 2016, 11:41 am | Unisys

WELLINGTON - 29 July 2016 – – Unisys Corporation (NYSE: UIS) announced today it has expanded its suite of managed security service offerings to include technology from LogRhythm , a leader in security intelligence and analytics. More >>

Hertz and AccorHotels announce partnership

Friday, 29 July 2016, 11:38 am | Accor Hotels and Resorts

Hertz, a world leading car rental provider, and AccorHotels, the world’s leading hotel operator, have partnered to provide Le Club AccorHotels’ members with special car rental offers, including exclusive benefits, globally. With this partnership, ... More >>

Leggo’s Fresh New Look, same great taste!

Friday, 29 July 2016, 11:26 am | Leggo's

At Leggo’s the recipe for success is simple, one part great ingredients and the other a fresh new look for its pasta sauces and bakes. More >>

Annual housing consents highest in over a decade

Friday, 29 July 2016, 11:23 am | Statistics New Zealand

More than 29,000 new homes gained building consent in the year to June 2016, up 16 percent from the previous June year, Statistics New Zealand said today. More >>

Specsavers launches exclusive ELLERY eyewear collection

Friday, 29 July 2016, 11:19 am | SpecSavers

Specsavers has again delivered on its commitment of making high-end fashion accessible to everyone, announcing a new collaboration with in-demand, luxury womenswear brand - ELLERY. Exclusive to Specsavers and available in stores nationwide from 28 July, ... More >>

Have your say on kiwifruit, pipfruit and potato insecticide

Friday, 29 July 2016, 11:16 am | Environmental Protection Authority

The Environmental Protection Authority (EPA) is seeking your views on an application to import an insecticide, called Celsius, to control pests found in kiwifruit, pipfruit and potato crops. The applicant, Adria New Zealand Limited, is looking to import ... More >>

Fuji Xerox expands into Queenstown

Friday, 29 July 2016, 11:08 am | Fuji Xerox

Yesterday, Fuji Xerox New Zealand officially opened its new Queenstown branch, entering one of New Zealand’s fastest growing regions. The office is located at The Landing and is headed up by Vaughan Love, area sales manager for the Queenstown and Southern ... More >>

Generate KiwiSaver Scheme Investment Provider of Year

Friday, 29 July 2016, 11:05 am | Generate KiwiSaver

The Generate KiwiSaver Scheme has been awarded Investment Provider of the Year for the second year running. More >>

OceanaGold first-half profit almost triples

Friday, 29 July 2016, 10:57 am | BusinessDesk

July 29 (BusinessDesk) - OceanaGold posted a 174 percent gain in first-half profit, reflecting a recovery in the price of gold and increased production that reflected the contribution from the Waihi mine acquired last year. More >>

Fear of punishment resulting in only minimum compliance

Friday, 29 July 2016, 10:56 am | bware

One of New Zealand's most established providers of health and safety management software is warning that the emphasis on the punishment aspects of new workplace safety legislation won't make workplaces safer long term. More >>

Fine wines of New Zealand revealed

Friday, 29 July 2016, 10:55 am | Air New Zealand

Fine wines of New Zealand revealed Six of the nation’s leading independent wine experts have come together to create “The Fine Wines of New Zealand” – a list of the country’s most prestigious wines. A selection panel comprising Masters of ... More >>

Invenco And NCR Driving Self-Service EMV in the U.S.

Friday, 29 July 2016, 10:39 am | INVENCO

New Zealand tech company secures contract to supply leading technology to nearly 3000 Speedway stores across the United States More >>

Mercury inspired by new energy future

Friday, 29 July 2016, 10:35 am | Mercury

Mercury’s chief executive Fraser Whineray says the change signals a new era of benefits for Kiwi consumers and the country from renewable energy and rapid advances in technology. More >>

Oceanagold Reports Second Quarter 2016 Results

Friday, 29 July 2016, 10:33 am | OceanaGold

(MELBOURNE) OceanaGold Corporation (TSX/ASX/NZX: OGC) (the “Company”) is pleased to release its financial and operational results for the quarter and half year ended 30 June 2016. Details of the consolidated financial statements and the Management ... More >>

Z is New Zealand's most trusted fuel company

Friday, 29 July 2016, 10:31 am | Z Energy

The votes are in – Z is New Zealand’s most trusted petrol company after securing the top spot in this year’s Reader’s Digest Trusted Brands survey. The survey, now in its 16th year, asks Kiwis about their preferred New Zealand brands based on ... More >>

NZ's Internet event NetHui is hitting the road

Friday, 29 July 2016, 10:14 am | Internet NZ

Want to be part of conversations that help to shape New Zealand's Internet and the ways it can change our lives for the better? InternetNZ has announced dates and locations for this year's NetHui, the hugely successful Internet event that is now in its sixth ... More >>

Bayer Wairarapa Young Viticulturist of the Year 2016

Friday, 29 July 2016, 10:04 am | Young Viticulturist of the Year

Congratulations to Mark Langlands from Te Kairanga who became the Bayer Wairarapa Young Viticulturist of the Year 2016 on Thursday 28 July. More >>

Deloitte South Island Index shows strong annual gain

Friday, 29 July 2016, 9:30 am | Deloitte

Deloitte South Island Index shows strong annual gain South Island listed companies collectively experience the largest increase for any 12-month period in the past two years The Deloitte South Island Index continues to set new highs, gaining an ... More >>

NZ dollar dips below 71 US cts

Friday, 29 July 2016, 9:18 am | BusinessDesk

NZ dollar dips below 71 US cts as investors eye more Bank of Japan stimulus More >>

While you were sleeping: Ford Motor drops

Friday, 29 July 2016, 7:31 am | BusinessDesk

July 29 (BusinessDesk) - Wall Street was mixed amid disappointing earnings from Ford Motor and better-than-expected results from Facebook. More >>

Westland Milk names former Danone executive as CEO

Thursday, 28 July 2016, 5:37 pm | BusinessDesk

July 28 (BusinessDesk) - Westland Milk Products, the Hokitika-based dairy cooperative, has appointed Toni Brendish as its new chief executive. More >>

David Jones opens first international store in Wellington

Thursday, 28 July 2016, 4:46 pm | David Jones

28th July 2016, Wellington NZ - David Jones today officially opened its first international store in Wellington, New Zealand, marking a significant milestone in the department store’s 178-year history. The new look David Jones features a bold, contemporary ... More >>

Hart's wealth falls but he retains top spot

Thursday, 28 July 2016, 4:41 pm | BusinessDesk

Hart's wealth falls but he retains top spot in NBR's 30th anniversary rich list More >>

Fonterra & LIC Investigating Tech Solutions

Thursday, 28 July 2016, 4:37 pm | Joint Press Release

Fonterra and Livestock Improvement Corporation (LIC) are teaming up to develop a new online technology solution designed to provide farmers with a view of their operation in one place. More >>

Innovative NZ wireless electric vehicle charging

Thursday, 28 July 2016, 4:13 pm | UniServices Limited

AUCKLAND: July 28, 2016: Innovative wireless electric vehicle charging technology created by a team at the University of Auckland has taken a major step forward with the announcement in San Diego, United States today that Qualcomm Incorporated (NASDAQ:QCOM) ... More >>

AMP launches new range of funds for investors

Thursday, 28 July 2016, 4:04 pm | AMP Henderson Global Investors

AMP has today launched 16 new funds within its AMP KiwiSaver Scheme providing members access to a total of 27 funds managed by five of the industry’s leading fund managers. Backed by the full range of benefits AMP offers its customers, the enhancements create ... More >>

Farming initiative the first of its kind for Northland

Thursday, 28 July 2016, 3:59 pm | Northland Inc

A brand new farming initiative – Extension 350 – is an innovative programme, the first of its kind for New Zealand. Designed to lift on farm performance through improving farm systems and profitability through shared knowledge. More >>

Snowstorm blankets powder on Queenstown ski fields

Thursday, 28 July 2016, 3:52 pm | NZSki

The ‘pow pow’ is here - skiers and snowboarders at Queenstown’s Coronet Peak and The Remarkables are enjoying “the best bluebird powder day” of the season thanks to an overnight storm. More >>

Ray White agencies celebrate three top awards

Thursday, 28 July 2016, 3:48 pm | Make Lemonade

One of New Zealand’s leading real estate groups, Ray White, is celebrating three national real estate awards. More >>

Energy Mad hails 'turning of the corner' at AGM

Thursday, 28 July 2016, 3:21 pm | BusinessDesk

July 28 (BusinessDesk) - Energy Mad, the energy efficient light-bulb maker, says it made an unaudited operating profit of $348,000 in the first three months of its financial year 2017, hailing a modest "turning of the corner" as it focuses on meeting ... More >>

Crisis in New Zealand Log Supply

Thursday, 28 July 2016, 3:13 pm | WPMA

New Zealand wood processing leaders held a hui with senior government officials and political leaders in Whangarei yesterday to assess the acute log supply shortage to local mills in Northland. More >>

Low Carbon Challenge - Grand Finale Evening

Thursday, 28 July 2016, 2:55 pm | Low Carbon Challenge

The Low Carbon Challenge presents its Grand Finale evening. It invites all those interested in green innovation to hear teams pitch and launch their fundraising campaigns. More >>

2degrees first with 100GbE Trans-Tasman Interconnect

Thursday, 28 July 2016, 2:43 pm | 2 Degrees Mobile

2degrees today announced the successful activation of its 100GbE interconnect to the Southern Cross Cable Network, driven by the massive growth of content providers such as Netflix fuelling New Zealanders’ demand for data. More >>

South Island Wool Bounces

Thursday, 28 July 2016, 2:36 pm | NZWSI Weekly Wool Market Report

New Zealand Wool Services International LTDs CEO Mr John Dawson reports that despite a strengthening NZ dollar, the varied selection at this week’s South Island auction attracted strong support. More >>

Auckland becoming the City of Broken Dreams for first buyers

Thursday, 28 July 2016, 2:20 pm |

There is good news for first home buyers in Auckland, according to some new additions to 's regular Home Loan Affordability Reports More >>


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