Most Read | Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Latest Business Headlines

RESEND: KiwiRail sees some green shoots

Friday, 28 October 2016, 10:36 pm | BusinessDesk

Oct. 28 (BusinessDesk) - KiwiRail's statement of corporate intent projects a drop in revenue for 2017 but chief executive Peter Reidy sees some bright spots for the state-subsidised railway, including the potential pickup in coal volumes and the ... More >>

MARKET CLOSE: NZ shares drop

Friday, 28 October 2016, 10:34 pm | BusinessDesk

Oct. 28 (BusinessDesk) - New Zealand shares fell, led by Trade Me Group while Summerset Group gained on its positive earnings outlook. More >>

Keeping Spark broadband customers connected

Friday, 28 October 2016, 10:23 pm | Spark

Copper lines (which deliver ADSL/VDSL broadband and PSTN voice) are an aging technology managed by Chorus that are prone to faults. Spark saw copper faults become far more common in the winter months due to the wet weather – and spoke to many thousands ... More >>

Pumpkin Patch receivers to close seven stores

Friday, 28 October 2016, 4:46 pm | BusinessDesk

Oct. 28 (BusinessDesk) - The receivers of failed retail chain Pumpkin Patch will close seven stores over the next week-and-a-half with 57 staff to lose their jobs. More >>

Seven Pumpkin Patch stores to close

Friday, 28 October 2016, 4:43 pm | KordaMentha

Having advised the affected staff, the receivers of Pumpkin Patch Limited (In Receivership and Administrators Appointed), have confirmed the closure of seven Pumpkin Patch stores, with the loss of 57 jobs. More >>

Expedia and amend parity contract clauses

Friday, 28 October 2016, 4:32 pm | Commerce Commission

Expedia and will amend price and availability parity clauses in their contracts with New Zealand accommodation providers to resolve a Commerce Commission investigation. More >>

Marketing Tips for Surviving Christmas

Friday, 28 October 2016, 4:27 pm | Ora

Ora will be presenting a detailed workshop on “Tips for Surviving Christmas”. We will give guests some great takeaway points to prepare their businesses for the festive season and to get a head start on their competition for 2017. Preparation ... More >>

Symantec Security Response

Friday, 28 October 2016, 4:08 pm | Symantec

A distributed denial of service attack (DDoS) on DNS provider Dyn last week managed to disrupt an array of the internet’s biggest websites, including Spotify , Twitter , and PayPal . More >>

Bank customers ripped off abroad after big night out

Friday, 28 October 2016, 3:54 pm | Banking Ombudsman

Imagine this: you’re overseas, drinking in a bar. Next thing you know, people you don’t know are in your hotel room and your credit card has racked up a huge bar bill. More >>

Should the residency requirement increase for NZ Super?

Friday, 28 October 2016, 3:12 pm | Commission for Financial Capability

A new paper investigates the issues around people who move to New Zealand and become eligible to receive NZ Superannuation. More >>

Simplicity KiwiSaver welcomes ethically focussed fund

Friday, 28 October 2016, 2:54 pm | Simplicity

Nonprofit KiwiSaver manager Simplicity today announced its decision to fully adopt a new Vanguard fund that eliminates investments in nuclear weapons, other controversial weapons (eg. landmines, and cluster bombs) and tobacco More >>

Youi braces for $350,000 penalty on dodgy sales tactics

Friday, 28 October 2016, 2:34 pm | BusinessDesk

Oct. 28 (BusinessDesk) - South African-owned insurer Youi NZ expects to pay a $350,000 fine for breaking the law with misleading sales tactics. More >>

Chinese investor faces hurdles to develop NZ dairy factory

Friday, 28 October 2016, 2:27 pm | BusinessDesk

Oct. 28 (BusinessDesk) - Milk New Zealand, the local unit of Chinese investor Shanghai PengXin Group, is facing new hurdles with its New Zealand investment plans after being knocked back by the government last year over its proposed $88 million purchase ... More >>

Johnson & Laird Management Celebrates 15 Years

Friday, 28 October 2016, 2:06 pm | Johnson and Laird Management

Johnson & Laird Management (J&L), New Zealand’s top talent agency, celebrates 15 years in business this month. More >>

Infrastructure pipeline needs to work for New Zealand

Friday, 28 October 2016, 1:55 pm | BusinessNZ

BusinessNZ has welcomed the trans-Tasman infrastructure pipeline launched in Sydney today, saying it will assist with attracting investors, suppliers and developers of infrastructure to Australia and New Zealand. More >>

NZSki has done it again!

Friday, 28 October 2016, 1:39 pm | NZSki

Following the success of its 2016 season, NZSki has announced it will leave its season pass pricing unchanged for the 2017 season, starting with the $599 earlybird 3 Peak Pass and $299 Mt Hutt super earlybird prices released this week (Thursday 27 October). More >>

KiwiRail sees some green shoots in outlook for coal volumes

Friday, 28 October 2016, 1:24 pm | BusinessDesk

Oct. 28 (BusinessDesk) - KiwiRail's statement of corporate intent projects a drop in revenue for 2017 but chief executive Peter Reidy sees some bright spots for the state-subsidised railway, including the potential pickup in coal volumes and the ... More >>

Augusta seeks to oust NPT board after rebuff

Friday, 28 October 2016, 1:22 pm | BusinessDesk

Oct. 28 (BusinessDesk) - Augusta Capital, which bought 9.3 percent of listed property investor NPT a month ago, wants to spill NPT's board after being rebuffed with an offer to buy the company's management contract and facilitate a $329 million acquisition. More >>

Countdown sales rise with looks to Christmas for profit

Friday, 28 October 2016, 1:02 pm | BusinessDesk

Oct. 28 (BusinessDesk) - Sales at Countdown supermarkets rose 1.9 percent in the first quarter of the 2017 financial year, which Australian parent Woolworths attributed to a focus on low prices. More >>

Young Viticulturist drives off in brand new Hyundai Santa Fe

Friday, 28 October 2016, 12:10 pm | Young Viticulturist of the Year

28 October, 2016: Cameron Price the winner of the Young Viticulturist of the Year competition 2016 is thrilled to receive a Hyundai Santa Fe as part of his prize package. He will have full use of the vehicle for a whole year. It is appropriately “grenache” ... More >>

EECA appoints new Chief Executive

Friday, 28 October 2016, 11:38 am | Energy Efficiency and Conservation Authority

The Energy Efficiency and Conservation Authority (EECA) is pleased to announce James Hay has been appointed as its new Chief Executive. More >>

Binns hopes Tiwai smelter will stay, 'but not at any cost'

Friday, 28 October 2016, 11:21 am | BusinessDesk

Oct. 28 (BusinessDesk) - Meridian chief executive Mark Binns says the South Island electricity generator and retailer wants to see the Tiwai Point aluminium smelter stay, “but not at any cost”. More >>

Cyber-crime in a digital world

Friday, 28 October 2016, 11:10 am | Export New Zealand

Cyber-attacks cost New Zealanders $257 million each year*. To help reduce this figure, ExportNZ Hawke’s Bay is holding an essential seminar to alert businesses to the threats posed by cyber-crime, how they can secure their digital assets and how they ... More >>

Pyne Gould fined $300k by NZX for late reporting

Friday, 28 October 2016, 11:08 am | BusinessDesk

Oct. 28 (BusinessDesk) - Pyne Gould Corp, the investment group that plans to target 'distressed assets', has been fined $300,000 by the NZ Markets Disciplinary Tribunal for repeated late filings of annual and interim financial information. More >>

Steady Performance Lifts AWF Madison

Friday, 28 October 2016, 10:50 am | AWF Group

The Board of AWF Madison Group (NZX:AWF) has advised a steady lift in performance for the Group with net profit increasing by 15% to $3.9 million (from $3.4 million in the six months to September 2015). More >>

Future of Food Forum

Friday, 28 October 2016, 10:42 am | Massey University

The Netherlands and New Zealand have much in common, in both culture and economics, particularly in the areas of agri-food, horticulture and trade. Next month, the Embassy of the Netherlands is hosting a one-day forum, in cooperation with Massey University ... More >>

Best Fish Guide for sustainable New Zealand seafood launched

Friday, 28 October 2016, 10:40 am | Seafood New Zealand

Consumers can choose sustainable New Zealand seafood with confidence, with the launch of the updated Best Fish Guide website , Seafood New Zealand Chief Executive Tim Pankhurst says. More >>

Jane Hunter Honoured by Marlborough Wine Industry

Friday, 28 October 2016, 10:38 am | Wine Marlborough

Jane Hunter, owner of Hunter’s Wines in Marlborough, has been awarded a Lifetime Achievement Award by the board of Wine Marlborough. More >>

Fujifilm tape cartridges backup The University of Auckland

Friday, 28 October 2016, 10:29 am | FUJIFILM

Auckland, 28th October 2016 – Fujifilm NZ announced today that The University of Auckland is using Fujifilm LTO Ultrium Data Cartridges exclusively for its tape storage needs, which amount to hundreds, if not thousands, of tapes each year. More >>

Helping people with sight loss use currency with confidence

Friday, 28 October 2016, 10:14 am | Reserve Bank

Banknote gauges to help people with sight loss better identify New Zealand’s currency have been released by the Reserve Bank in collaboration with organisations representing the blindness community. More >>

OceanaGold 3Q profit soars

Friday, 28 October 2016, 10:09 am | BusinessDesk

Oct. 28 (BusinessDesk) - OceanaGold Corp third-quarter profit soared 345 percent as the gold miner expanded its operations and didn't have a repeat of the previous year's impact from the shutdown of the Didipio mine for maintenance. More >>

AWF Madison lifts 1H profit

Friday, 28 October 2016, 10:07 am | BusinessDesk

Oct. 28 (BusinessDesk) - AWF Madison Group, the country's largest contract labour company, lifted first-half profit 15 percent, which it said reflected improved productivity that has continued into the second half. More >>

Fonterra assesses impact of big drop in milk production

Friday, 28 October 2016, 10:06 am | BusinessDesk

Oct. 28 (BusinessDesk) - Fonterra Cooperative Group is assessing the impact of a big drop in milk production this month on its contract book and future production plans. More >>

Intueri puts dive school up for sale

Friday, 28 October 2016, 10:04 am | BusinessDesk

Oct. 28 (BusinessDesk) - Intueri Education Group lowered its 2016 earnings guidance, saying deeper cost cuts and the decision to sell its dive school aren't enough to offset weaker enrollments and one-time restructuring costs. More >>

British Airways first class passengers to be served HB wine

Friday, 28 October 2016, 9:42 am | Sileni Estates

The Sileni Estate Selection ‘Plateau’ Pinot Noir will be served to British Airways first class customers. The wine is now available in international first class cabins on routes across Asia and the Pacific. More >>

Bollywood star’s return set to inspire more Indian visitors

Friday, 28 October 2016, 9:38 am | Tourism New Zealand

Sidharth Malhotra, Tourism New Zealand’s hugely popular tourism ambassador to India is returning to New Zealand to experience more of his favourite country and people. More >>

Summerset expects annual earnings to rise as much as 46%

Friday, 28 October 2016, 9:09 am | BusinessDesk

Oct. 28 (BusinessDesk) - Summerset Group says earnings will rise by as much as 46 percent this year as the retirement village company benefits from strong sales in a nation with an ageing population. More >>

NZ dollar drops as rising US bond yields help lift greenback

Friday, 28 October 2016, 9:08 am | BusinessDesk

Oct. 28 (BusinessDesk) - The New Zealand dollar fell as rising US Treasury bond yields help drive up the greenback. More >>

New fund lets savers avoid arms, tobacco, nuclear investment

Friday, 28 October 2016, 8:46 am | BusinessDesk

Oct. 27 (BusinessDesk) - KiwiSaver providers will be able to offer a low-cost international shares fund that excludes tobacco as well as controversial and nuclear weapons from the portfolio by the end of the year. More >>

Chorus chair challenges telcos on slow VDSL uptake

Friday, 28 October 2016, 8:44 am | BusinessDesk

Oct. 28 (BusinessDesk) - Some 400,000 internet users in New Zealand are on a slower form of internet connection than is available, with almost no cost involved in changing to the faster version, says Patrick Strange, the chairman of telecommunications infrastructure ... More >>

HiFX Morning Update, October 28 2016

Friday, 28 October 2016, 8:39 am | HiFX

The NZDUSD opens at 0.7119 (mid-rate) this morning. The NZD has continued to trade lower overnight after yesterday’s NZ Trade Balance came in at 1.436 million which was worse than expectations and the previous month. More >>

While you were sleeping: US rate bets firm

Friday, 28 October 2016, 7:57 am | BusinessDesk

Oct. 28 (BusinessDesk) - Wall Street was mixed, while US Treasuries slid, as the latest economic data cemented bets the Federal Reserve will raise its key interest rate in December. More >>

Bank margins to remain under pressure BNZ's Healy says

Friday, 28 October 2016, 2:08 am | BusinessDesk

Oct. 27 (BusinessDesk) - A moderation in New Zealand property prices is unlikely to ease up the pressure on lenders' margins as banks continue to compete for customers in a country enjoying strong inbound migration, a robust labour market and low interest ... More >>

NZ dollar falls vs. yuan on concern over Chinese devaluation

Friday, 28 October 2016, 2:05 am | BusinessDesk

Oct. 27 (BusinessDesk) - The New Zealand dollar fell against the Chinese yuan on concern Beijing's devaluation of its currency is a negative signal about the Chinese economy, the country's biggest export market. More >>

Mercer says Fonterra silo could cost as much as $4 mln

Friday, 28 October 2016, 2:03 am | BusinessDesk

Oct. 27 (BusinessDesk) - Mercer Group says the collapse of a silo at Fonterra Cooperative Group's Edendale factory could cost the unprofitable stainless steel fabricator as much as $45 million. More >>

MARKET CLOSE: NZ shares bounce

Thursday, 27 October 2016, 7:20 pm | BusinessDesk

Oct. 27 (BusinessDesk) - New Zealand shares bounced back from yesterday's 1.5 percent drop, led by Port of Tauranga and Scales Corporation while Comvita continued to fall. More >>

Philanthropy Summit 2017: Innovate for Impact

Thursday, 27 October 2016, 4:55 pm | Philanthropy New Zealand

In May 2017 will be New Zealand’s largest gathering of leaders in philanthropy. Held at Te Papa, Philanthropy New Zealand’s Philanthropy Summit 2017: Innovate for Impact is bringing together global and local thought leaders from philanthropy, ... More >>

Transport watchdog adds pressing concerns to Watchlist

Thursday, 27 October 2016, 4:50 pm | Transport Accident Investigation Commission

The Transport Accident Investigation Commission today added two new significant items to its Watchlist of most pressing concerns. More >>

Chilled venison markets and season growing

Thursday, 27 October 2016, 4:47 pm | Deer Industry NZ

Sales of New Zealand chilled venison are growing, boosting returns to New Zealand deer farmers, even though overall venison production is down. More >>

Online targeting risks alienating consumers

Thursday, 27 October 2016, 4:38 pm | Wright Communications

Consumers feeling stalked, annoyed and misunderstood are among the potential pitfalls of marketing in a connected world, new research has revealed. More >>

Farmers need to be vigilant around fixed rate mortgages

Thursday, 27 October 2016, 4:31 pm | Crowe Horwath

27/10/2016 Farmers need to be vigilant around fixed rate mortgages Market commentators are indicating with 80% certainty the Reserve Bank of New Zealand will lower the official cash rate by 25 basis points next month and then it will begin to stabilise. ... More >>

Mission Estate Celebrates Gold Medal Trifecta

Thursday, 27 October 2016, 4:27 pm | Mission Estate

The team at Mission Estate are raising a glass after winning three gold medals at the recent 2016 Air New Zealand Wine Awards. More >>

Report shows importance of oil and gas to the marine economy

Thursday, 27 October 2016, 4:20 pm | PEPANZ

Petroleum Exploration and Production Association (PEPANZ) Chief Executive Cameron Madgwick today welcomed the release of a Statistics New Zealand report showing the importance of the oil and gas sector to New Zealand’s marine economy. More >>

Fonterra raises Australian farmgate milk price

Thursday, 27 October 2016, 4:10 pm | BusinessDesk

Oct. 27 (BusinessDesk) - Fonterra Cooperative Group's Australian business has raised its average farmgate milk price to A$5.10 per kilogram of milk solids and increased its forecast closing price due to strengthening global dairy prices. More >>

NZWSI Market Report: North Isalnd Wool Market Settles Back

Thursday, 27 October 2016, 3:54 pm | New Zealand Wool Services

New Zealand Wool Services International Ltd’s CEO Mr John Dawson reports that the North Island sale comprising 5553 bales saw a range of activity with 82 percent selling and mixed fortunes despite a more favourable currency factor. More >>

Local M&A market remains resilient

Thursday, 27 October 2016, 3:53 pm | KPMG

New Zealand companies continue to show a steady appetite for M&A deals – while the rest of the world takes a more conservative stance in response to various global uncertainties. More >>

Seafood industry continues to reduce environmental impact

Thursday, 27 October 2016, 3:46 pm | Seafood New Zealand

The New Zealand seafood industry continues to take steps to reduce its impact on the marine environment, a government report released today said. More >>

Dairy Industry Award win provides opportunities

Thursday, 27 October 2016, 3:31 pm | NZ Dairy Industry Awards

The 2016 New Zealand Dairy Manager of the Year firmly believes that winning the competition has given him opportunities he wouldn’t otherwise have been exposed to. Thomas Chatfield, 31, says the win has opened many doors for him and given him ... More >>

Prominent Wanaka high country station up for sale

Thursday, 27 October 2016, 3:23 pm | Sotheby's International Realty

One of the largest freehold high country stations in Wanaka is now for sale, with strong national and international interest expected. More >>

Mobile app to combat noxious weed

Thursday, 27 October 2016, 3:20 pm | University of Otago

New Zealand farmers now have a new weapon in the fight against the noxious velvetleaf weed: the camera on their iPhone. Identifying one of the world’s worst weeds is set to become much easier with the launch of Flora Finder - Weed, a new smartphone ... More >>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news