Latest Business Headlines
Gold ETF Sales Dwarfed By Jewellery, Coin and Bar Demand
Saturday, 25 May 2013, 12:56 pm | GoldCore
Today’s AM fix was USD 1,385.25, EUR 1,068.95 and GBP 917.81 per ounce. Yesterday’s AM fix was USD 1,386.00, EUR 1,074.92 and GBP 919.16 per ounce. More >>
US retailers weighing on orange roughy prices, Sanford says
Friday, 24 May 2013, 6:12 pm | BusinessDesk
May 24 (BusinessDesk) – Prices for orange roughy are at their lowest in 3-4 years, partly as a result of some US retailers boycotting the species because of concerns about the sustainability of the fishery, Sanford says. More >>
MARKET CLOSE: NZ shares drop on profit taking, Fed jitters
Friday, 24 May 2013, 6:10 pm | BusinessDesk
May 24 (BusinessDesk) – New Zealand shares tumbled as investors took advantage of weaker Chinese growth and hints of a possible end to quantitative easing in the US to take profits on companies that have propelled the NZX 50 Index to record highs ... More >>
Bupa gains court approval to buy Dental Corp in Aust, NZ
Friday, 24 May 2013, 5:36 pm | Businesswire
May 24 (BusinessDesk) – Bupa Group, a London-based healthcare provider, gained court approval to buy Dental Corp, Australia and New Zealand’s largest dental group, for 244 million British pounds. More >>
NZ dollar faces more downside
Friday, 24 May 2013, 5:14 pm | BusinessDesk
May 24 (BusinessDesk) - The New Zealand dollar will likely fall below 80 US cents next week as an improving US economy and growing speculation the Federal Reserve will start unwinding its asset purchase programme spurred supporters for the greenback. More >>
TripAdvisor names Southern Discoveries one of world’s best
Friday, 24 May 2013, 4:51 pm | Southern Discoveries
Premier South Island tourism operator Southern Discoveries has cemented its position as one of the country’s best tourism operators with two prestigious accolades from the world’s largest travel community TripAdvisor. More >>
Letter to PM - NZKGI Supports Kiwifruit Industry Structure
Friday, 24 May 2013, 4:31 pm | New Zealand Kiwifruit Growers
As this country’s kiwifruit grower representative body, NZKGI can assure you that growers overwhelmingly support the current industry structure and Zespri as its marketer. Zespri’s historical issues in a single market do not diminish growers’ support ... More >>
Real Journeys named preferred bidder for Cardrona Alpine Res
Friday, 24 May 2013, 4:25 pm | Real Journeys
Key New Zealand tourism player Real Journeys has been named today as the preferred bidder in the sale of Cardrona Alpine Resort in Wanaka. More >>
Gold Up 1.5% As Global Stocks Fall After Nikkei Crashes 7.3%
Friday, 24 May 2013, 3:40 pm | GoldCore
Gold is up today while stock indices globally are sharply down after the Nikkei crashed 7.3%. The stock crash in Japan is leading to weakness in European equities and will lead to losses when U.S. markets open. More >>
ECOYA Audited Year End Result – 31 March 2013
Friday, 24 May 2013, 3:22 pm | Ecoya Ltd
Ecoya Limited (NZX: ECO) has today announced its audited result for the year ended 31 March 2013. More >>
Bupa to Complete Acquisition of Leading Dentistry Group
Friday, 24 May 2013, 3:20 pm | Joint Press Release
The Supreme Court of Victoria today approved the Scheme of Arrangement for Bupa Australia Health Pty Ltd to complete its full acquisition of Dental Corporation Holdings Limited (Dental Corporation). More >>
New Crown Minerals Regime comes into force
Friday, 24 May 2013, 3:20 pm | NZ Petroleum and Minerals
The amended Crown Minerals Act regime is designed to: - encourage the development of Crown-owned oil, gas and mineral resources - streamline the regime where appropriate and make it better able to deal with future developments - ensure there is better ... More >>
ACC contacting clients over possible interest payments
Friday, 24 May 2013, 3:15 pm | Accident Compensation Corporation
ACC has begun contacting clients who may benefit from a recent Court of Appeal decision that clarified circumstances in which interest should be paid on back-dated weekly compensation. More >>
NZ Sugar Company boosts profits on higher exports
Friday, 24 May 2013, 3:08 pm | BusinessDesk
May 24 (BusinessDesk) – New Zealand Sugar Company, which operates the iconic pink Chelsea Sugar refinery on Auckland’s Waitemata Harbour, boosted profit last year as it benefitted from higher exports and lower costs. More >>
Bite the Travel Bug: the World’s Best Value Foodie Destinations
Friday, 24 May 2013, 3:06 pm | Hotels.com
Hotels.com’s top best value foodie destinations: More >>
Bear party resumes
Friday, 24 May 2013, 2:57 pm | CMC Markets
The Australian market has failed to stem the bleeding after yesterday’s wretched performance. While US markets closed slightly down again overnight, their losses have been relatively minor compared to those experienced in Europe and Asia since ... More >>
The Chinese Spending Spree
Friday, 24 May 2013, 2:56 pm | PwC
The Chinese shopping cart is filling fast as more of China’s private and state-owned businesses look to mature markets, such as New Zealand and Australia, for investment opportunities. More >>
A Helping Hand - Bell Gully’s Pro Bono & Community Programme
Friday, 24 May 2013, 2:55 pm | Bell Gully
The fourth issue of Bell Gully's pro bono and community programme report A Helping Hand has been released. In a time where firms are reporting fewer pro bono hours, A Helping Hand highlights Bell Gully's ongoing commitment to support New Zealand's ... More >>
Tomatoes New Zealand Encouraged By Minister Kaye’s Move
Friday, 24 May 2013, 2:50 pm | TomatoesNZ
Tomatoes New Zealand says the decision not to enforce compulsory individual labelling of irradiated Australian tomatoes and capsicums is disappointing, but the industry organisation believes their concerns have been heard. More >>
Greymouth Petroleum shucks off disaffected shareholder
Friday, 24 May 2013, 2:40 pm | BusinessDesk
May 24 (BusinessDesk) - Minnow oil and gas player Greymouth Petroleum is preparing to welcome a new 14 percent shareholder on its share register after winning a High Court action brought by the company's former chief operating officer, John Sturgess. More >>
Workplace survey results stay above sector benchmark
Friday, 24 May 2013, 2:16 pm | New Zealand Police
Levels of engagement by Police staff continue to remain well above the state sector benchmark, its annual independent workplace survey shows. General Manager Human Resources, Alan Cassidy, says results from the 2013 New Zealand Police workplace survey show ... More >>
Lance Wiggs's Punakaiki Fund mulls $50 million IPO
Friday, 24 May 2013, 2:10 pm | BusinessDesk
Lance Wiggs's Punakaiki Fund mulls $50 million IPO to invest in high-growth companies More >>
Enterprising Rural Women Award 2013 winners announced
Friday, 24 May 2013, 2:05 pm | Rural Women New Zealand
Rural Women New Zealand is delighted to announce the winners of the RWNZ Enterprising Rural Women Award 2013, following an award ceremony at the opening of the Rural Women NZ national conference in Christchurch yesterday evening. More >>
Ecoya ekes out small annual profit, EBITDA up 26%
Friday, 24 May 2013, 2:03 pm | BusinessDesk
May 24 (BusinessDesk) - Ecoya, which is changing its name to Trilogy International, eked out a small profit as underlying earnings climbed 26 percent on the strength of its skincare product range. More >>
Dream beyond ‘boat, BMW and bach', advise ethnic firms
Friday, 24 May 2013, 2:02 pm | ANZ Bank
Successful ethnic firms in New Zealand are starting to offer an alternative to the “boat, BMW and bach” dream of many local business owners, says the country’s largest business lender. More >>
Snakk raises $6.5M in over-subscribed issue
Friday, 24 May 2013, 1:06 pm | BusinessDesk
May 24 (BusinessDesk) - Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, has raised $6.5 million from an over-subscribed share purchase plan and private placement, which it will use both to fund its expansion and potentially ... More >>
Collaborate to Put the "Heart of New Zealand" On the Map
Friday, 24 May 2013, 12:57 pm | Aly Cook
What began as one woman's dream to put the Nelson, Tasman & Golden Bay region on the map has become a reality and testimony to the power of collaboration of small businesses working together to achieve a common goal, in what is tough economic times ... More >>
FreemanX Supercars launches luxury self-drive tours
Friday, 24 May 2013, 12:56 pm | Southern PR
Auckland-based FreemanX Supercars today (Friday 24 May 2013) launches Queenstown’s first luxury self-drive scenic tour offering people the chance to get behind the wheel of some of the world’s finest automobiles. More >>
Aduro Biopolymers Recognised In KiwiNet Innovation Awards
Friday, 24 May 2013, 12:45 pm | Aduro Biopolymers
The formation of spin-out company Aduro Biopolymers by WaikatoLink Limited, the technology transfer organisation of the University of Waikato, has resulted in a finals place in the Commercial Deal Award in the KiwiNet Research Commercialisation Awards. Winners ... More >>
The White Morph Kaikoura Joins Heritage Boutique Collection
Friday, 24 May 2013, 12:25 pm | Heritage Boutique Collection
The Heritage Boutique Collection welcomes The White Morph in Kaikoura to its exclusive Collection. More >>
cityfitness Group Instructors receive formal qualification
Friday, 24 May 2013, 12:22 pm | cityfitness
cityfitness Group Fitness Instructors in-house training programme is now acknowledged as a path to gain a nationally recognised qualification in a bid to underline their skills in delivering world class group exercise classes. Until the end of 2012, pre-choreographed ... More >>
Engineering Appointment Bolsters Regional Economic Growth
Friday, 24 May 2013, 12:19 pm | Cunningham Communications
A leading New Zealand hydraulic engineering company based in Nelson is producing significant benefits to the local economy, since appointing a prominent South Island hydraulic engineer last year. More >>
New Appointment Strengthens Family Enterprise
Friday, 24 May 2013, 12:15 pm | Plantae Certified Organic Skincare
Plantae Certified Organic Skincare is strengthening its family ethos, with the announcement of Jacinta Priest’s appointment to the Nelson-based enterprise this week. More >>
Punakaiki Fund Announces IPO
Friday, 24 May 2013, 12:10 pm | Punakaiki Fund
Punakaiki Fund Limited (Punakaiki) is pleased to announce that it is considering raising between $20 million and $50 million by Initial Public Offering (IPO), to fund investments into high growth potential New Zealand companies. More >>
SFO charges seven people over mortgage fraud
Friday, 24 May 2013, 12:07 pm | BusinessDesk
May 24 (BusinessDesk) - The Serious Fraud Office has charge seven people over a series of alleged mortgage frauds between July 2007 and December 2010. More >>
Competition fierce in esteemed commercial property awards
Friday, 24 May 2013, 12:04 pm | Property Council Of New Zealand
Finalists nationwide from Kaitaia to Wanaka will soon discover if their commercial property developments are the ‘best of the best’ in New Zealand. More >>
Merlot.aero finalist in theAir NZ Cargo ExportNZ Awards
Friday, 24 May 2013, 11:49 am | Merlot.aero
Merlot.aero has been named as a finalist in theAir New Zealand Cargo ExportNZ Auckland Awards 2013. More >>
3 nights in Dubai from NZ$70*
Friday, 24 May 2013, 11:32 am | Tempo Holidays
Tempo Holidays is offering three nights’ accommodation in Dubai from just NZ$70* per person twin share for travellers with return Emirates flights to the city. More >>
Claire Pettibone wedding dress show comes to Auckland
Friday, 24 May 2013, 11:26 am | Primrose and Finch
AUCKLAND, 24 May 2013 – A trunk full of wedding dresses by LA-based designer and celebrity favourite, Claire Pettibone, is on its way to Auckland bridal boutique, Primrose & Finch , for one weekend only. More >>
Cowbassadors take Wellington by storm
Friday, 24 May 2013, 11:17 am | Federated Farmers
Finalists from the New Zealand Dairy Industry Awards (NZDIA) are taking central Wellington by storm, fundraising for Ronald McDonald House Wellington. Farmers are on the streets in force ahead of the NZDIA finals tonight under Master of Ceremonies, TV3 News’ ... More >>
IG Markets - Morning Thoughts
Friday, 24 May 2013, 11:05 am | IG Markets
There were some pretty sharp reversals in key markets after yesterday’s dismal Asian session that resulted in a hefty sell-off across the board. Investors focused on housing and unemployment claims data out of the US, along with more comments from ... More >>
Imports rise in April
Friday, 24 May 2013, 10:55 am | Statistics New Zealand
The value of imported goods rose $263 million (7.4 percent) to $3.8 billion in April 2013, compared with April 2012, Statistics New Zealand said today. More >>
NZ trade surplus misses expectations on petrol imports
Friday, 24 May 2013, 10:52 am | BusinessDesk
May 24 (BusinessDesk) - New Zealand’s trade surplus in April was smaller than expected as a rise in petroleum imports more than offset increasing meat exports after farmer culled their livestock during this year’s drought. More >>
Gold Coast Co.Space + Biz Dojo
Friday, 24 May 2013, 10:49 am | The Biz Dojo Auckland
The Gold Coast has long been a mecca for tourists, with its sandy white beaches, laid back lifestyle and a plethora of accommodation options for all budgets - since the late1950s, it had been all the GC needed to survive, prosper and grow. More >>
Air New Zealand Cuddle Class hits the streets of London
Friday, 24 May 2013, 10:47 am | Air New Zealand
Air New Zealand is inviting curious Londoners to put its Economy Skycouch to the test as the airline takes its revolutionary Economy seat on the road for the #CuddleClassTour. More >>
City Council Provides Major Boost to Runway Extension
Friday, 24 May 2013, 10:10 am | Property Council Of New Zealand
Wellington City Council’s decision to back Wellington Airport’s runway extension is a major boost to the city’s economic growth potential. More >>
Forest & Bird praises Air NZ shark fin suspension
Friday, 24 May 2013, 9:32 am | Forest And Bird
Forest & Bird has been talking with Air New Zealand since early May about banning transportation of shark fins. This announcement follows a news item last Sunday (May 19), in which the airline was criticised for having flown shark fins. More >>
Kiwifruit Post Harvest Operators Support of Zespri
Friday, 24 May 2013, 9:29 am | Joint Press Release
We represent the vast majority of the kiwifruit industry, and we want to ensure you are aware of our view on this matter. If you are pressured on this matter, please be assured that Zespri and the kiwifruit industry structure retains our confidence ... More >>
40% Of Kiwis Looking For New Job In 2013
Friday, 24 May 2013, 9:06 am | SEEK
A new job is on the cards for many Kiwis in 2013, reveals research released by SEEK New Zealand today. More >>
NZ dollar bounces back from lows after Bernanke overreaction
Friday, 24 May 2013, 8:27 am | Businesswire
May 24 (BusinessDesk) – The New Zealand dollar rebounded from an eight-month low, after failing to break below 80 US cents, as some traders deemed the initial response to Federal Reserve chairman Ben Bernanke’s comments on a possible end to quantitative ... More >>
While you were sleeping: Cautious calm returns
Friday, 24 May 2013, 7:04 am | BusinessDesk
May 24 (BusinessDesk) – Wall Street was mixed, paring sharp early losses after disappointing data from China and a slump in Japanese stocks outweighed better-than-expected reports on US jobs and housing. More >>
Innovations Centre brings to life Kiwi can-do attitude
Thursday, 23 May 2013, 9:19 pm | National Fieldays
The Fieldays Innovation Centre Competition is the perfect forum for inventors to introduce their primary industry themed, ‘homegrown’ designs to a local and global audience. More >>
Exports to China back on track
Thursday, 23 May 2013, 8:46 pm | Federated Farmers
Federated Farmers is hugely relieved the meat export impasse in China has been resolved, but believes New Zealand and the Ministry for Primary Industries (MPI) need to take a hard look in the mirror. More >>
MARKET CLOSE: NZ shares fall as US, China in focus
Thursday, 23 May 2013, 5:46 pm | Businesswire
May 23 (BusinessDesk) – New Zealand shares fell as the prospect of a winding down of US stimulus and weak Chinese manufacturing weighed on equity markets across Asia. Guinness Peat Group dropped after signalling a delay in its transformation strategy. ... More >>
Dominion Finance’s Cropp jailed for 2 years 7 months
Thursday, 23 May 2013, 5:46 pm | BusinessDesk
May 23 (BusinessDesk) - Paul Cropp, the former chief executive of failed lenders Dominion Finance and North South Finance, has been jailed for two years and seven months after being convicted on fraud charges last month. More >>
BNZ Weekly Overview: Migration could be about to boom...
Thursday, 23 May 2013, 5:24 pm | Bank of New Zealand
Migration could be about to boom, that means higher house prices, hence a special look at housing in my Youtube video this week.. More >>
Ground investigations at the Maunganui-Girven and SH29/SH2
Thursday, 23 May 2013, 5:22 pm | New Zealand Transport Agency
The NZ Transport Agency (NZTA) will undertake geotechnical ground investigations next Monday as part of the Maunganui-Girven Road and Te Maunga SH29/SH2 intersections improvement project. More >>
NZ dollar falls to 8-month low after Chinese PMI
Thursday, 23 May 2013, 5:10 pm | BusinessDesk
NZ dollar falls to 8-month low after Chinese manufacturing contracts, Bernanke says watch the data More >>
NZ meat cleared to move from across Chinese wharves
Thursday, 23 May 2013, 5:05 pm | Businesswire
May 23 (BusinessDesk) – New Zealand meat has been cleared to move across Chinese wharves as soon as next week though the administrative logjam has been sheeted home to the Ministry for Primary Industries. More >>
Dominion CEO sentenced
Thursday, 23 May 2013, 5:00 pm | Serious Fraud Office
The former CEO of Dominion Finance Group Limited (Dominion) and North South Finance Limited (North South) was today sentenced in relation to four Crimes Act charges laid by the Serious Fraud Office (SFO) arising out of the collapse those companies. More >>
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