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Latest Business Headlines

George Kerr to dilute stake in Pyne Gould share issue

Friday, 19 September 2014, 5:57 pm | BusinessDesk

Sept. 19 (BusinessDesk) - Pyne Gould Corp's managing director George Kerr will dilute his stake in the financial services firm if it goes ahead with a planned share issue, which will increase its stake in Equity Partners Infrastructure Co No 1, the so-called ... More >>

MARKET CLOSE: NZ shares follow Wall Street higher

Friday, 19 September 2014, 5:32 pm | BusinessDesk

Sept. 19 (BusinessDesk) - New Zealand shares rose in a global rally as Wall Street climbed to records overnight, while a falling New Zealand dollar further supported local stocks. Kathmandu Holdings rose, paced by Fletcher Building and A2 Milk Co. More >>

NZ dollar little changed on the week after Fed

Friday, 19 September 2014, 5:13 pm | BusinessDesk

Sept. 19 (BusinessDesk) - The New Zealand dollar is heading for a 0.2 percent weekly decline against the greenback, after the prospect for higher US interest rates pushed the local currency to a seven-month low. More >>

Apple, The Media, And Marketing

Friday, 19 September 2014, 4:12 pm | Jenny Rudd from MOSH

It is quite astonishing how much of the news is taken up with Apple releasing their iWatch and the iPhone 6; newspapers, online news sites, it's splashed all over the world press. Is a new version of a phone really newsworthy enough of that much press? More >>

Pacific Edge Appoints Charles Sitch as Independent Director

Friday, 19 September 2014, 4:10 pm | Pacific Edge

Pacific Edge is pleased to announce the appointment of Charles Sitch as an Independent Director. More >>

Advanced Security Group acquires South Island company

Friday, 19 September 2014, 3:46 pm | Advanced Security Group Ltd

Advanced Security Group continues to increase its geographical footprint in New Zealand with the announcement that it has acquired South Island company, Struthers Electronics & Security Limited. “This is an exciting move for us, the Struthers business is ... More >>

Queenstown Airport heading for record 2014

Friday, 19 September 2014, 3:40 pm | BusinessDesk

Sept. 19 (BusinessDesk) - Queenstown Airport Corp, the nation's fourth busiest airport, handled a record number of passengers this winter as it benefited from increased flights and capacity, prompting it to install a $450,000 'pop-up' tent structure ... More >>

ASB Farmshed Economics Report

Friday, 19 September 2014, 3:25 pm | ASB Bank

The dairy markets can’t seem to catch a break, according to the latest ASB Farmshed Economics Report. More >>

Spark broadband gets even more naked

Friday, 19 September 2014, 3:19 pm | Spark

Naked VDSL and ADSL plans available on Spark Network without Ultra Mobile bundle Spark is offering its Ultra Broadband customers more choice and more value from today, with the launch of “standalone” Naked VDSL and ADSL plans, which mean customers ... More >>

Jet Park Airport Hotel takes off with ServiceIQ

Friday, 19 September 2014, 2:37 pm | Service IQ

Jet Park Airport Hotel and Conference Centre won ServiceIQ’s Excellence in Training and Staff Development Award at the Hospitality New Zealand Awards for Excellence dinner last night. Building on this success, Jet Park Airport Hotel also won The ... More >>

Plans Lodged for New Dwellings at Three Kings

Friday, 19 September 2014, 2:29 pm | Fletcher Building

Fletcher Residential has lodged two private plan change applications with Auckland Council for the redevelopment of Three Kings Quarry. These applications outline two ways to transform the area into a new urban precinct. More >>

Foodstuffs’ former distribution hub to become complex

Friday, 19 September 2014, 2:27 pm | Bayleys

Foodstuffs’ former South Island distribution hub is one of the largest warehouse buildings in Christchurch and is set to become an impressive new warehouse and distribution complex with structural upgrades and architectural offices to be added by the new ... More >>

Pacific Edge appoints McKinsey almumni Sitch to board

Friday, 19 September 2014, 2:17 pm | BusinessDesk

Sept. 19 (BusinessDesk) - Pacific Edge, the non-invasive bladder cancer test maker, has appointed former McKinsey & Co consultant Charles Sitch to its board. More >>

New Development Projects To Meet Demand

Friday, 19 September 2014, 2:10 pm | Goodman Property Trust

Goodman Property Trust has announced that it is undertaking four new development projects to meet rising customer demand. More >>

NZ consumer confidence edges up in Sept from 10-month low

Friday, 19 September 2014, 1:47 pm | BusinessDesk

Sept. 19 (BusinessDesk) - New Zealand consumer confidence rose in September from a 10-month low, as households adjust to a more moderate pace of economic growth. More >>

Capital Gains Tax – The Great Debate

Friday, 19 September 2014, 1:47 pm | Crowe Horwath

The introduction of a Capital Gains Tax (CGT) could have a negative impact on farm values, especially in the dairy sector, says Tony Marshall, Tax Principal with Crowe Horwath’s Dunedin office. More >>

Vocus declares FX Networks acquisition unconditional

Friday, 19 September 2014, 1:45 pm | BusinessDesk

Sept. 19 (BusinessDesk) - Vocus Communications, the ASX-listed telecommunications company, has declared its $115.8 million acquisition of privately owned New Zealand fibre optic cable network operator FX Networks unconditional. More >>

Goodman to spend $33.4M on developments

Friday, 19 September 2014, 12:53 pm | BusinessDesk

Sept. 19 (BusinessDesk) - Goodman Property Trust, which is selling assets to fund development, will spend $33.4 million on four developments and has sold the Carter Holt Harvey Packaging Facility in Christchurch for $16.37 million to an undisclosed ... More >>

Uber data caps up – prices down!

Friday, 19 September 2014, 12:51 pm | Uber Group

Northland-based ISP Uber Group has announced a raft of changes to its fibre and rural wireless broadband packages. The changes apply from 17 September 2014 and will be rolled out to existing customers. More >>

Council's Lyttelton Port takeover goes unconditional

Friday, 19 September 2014, 12:31 pm | BusinessDesk

Sept. 19 (BusinessDesk) - Christchurch City Holdings, the city council's investment and infrastructure unit, has declared its takeover of Lyttelton Port Co unconditional after satisfying the last of its requirements. More >>

Western markets driving continued growth

Friday, 19 September 2014, 12:29 pm | Tourism New Zealand

Visitor growth from the western markets has pushed up international visitor arrivals for the year-ending August 2014 to 2.8 million, up 5.3 per cent year-on-year. Tourism New Zealand General Manager Corporate Affairs Deborah Gray, says while the month ... More >>

Mark Ford to Retire From Watercare

Friday, 19 September 2014, 12:27 pm | Watercare Services

Watercare Services Limited chief executive Mark Ford is retiring following ill health earlier in the year. More >>

Kick start your career with Ballance

Friday, 19 September 2014, 12:20 pm | Ballance Agri-Nutrients

Ballance Agri-Nutrients is calling for applications to its 2015 agricultural and process engineering scholarship programme. More >>

Bitcoin South – New Zealand’s Bitcoin conference

Friday, 19 September 2014, 12:11 pm | Bitcoin South

As Bitcoin gains interest and popularity worldwide, many people in New Zealand are also embracing the potential of this new type of money as well as the technology behind it. BitcoinSouth, New Zealand’s inaugural Bitcoin Conference is intended ... More >>

ESPN Appoints Multiscreen Media Ltd as Rep

Friday, 19 September 2014, 12:10 pm | Multiscreen Media Ltd

Leading global digital sports brand, ESPN, has appointed Multiscreen Media Ltd as its digital advertising sales representative in New Zealand. More >>

Roost Home Loan Affordability report

Friday, 19 September 2014, 12:08 pm | Interest.co.nz

Home loan affordability improved in August for the third consecutive month as lower interest rates and reduced mortgage payments more than offset a slight rise in house prices. More >>

New Tool for Kiwi Parents - Time for an Adventure!

Friday, 19 September 2014, 11:55 am | All Right

New Tool for Kiwi Parents - Time for an Adventure! A new tool developed in the aftermath of the earthquakes will help parents around New Zealand spend more quality time with their children. Tiny Adventures is a new app for smartphones that has been developed ... More >>

Westland Milk Products expansion requires second train

Friday, 19 September 2014, 11:28 am | Westland Milk Products

Westland Milk Products has reached an agreement with KiwiRail for an additional daily rail service between Christchurch and Hokitika to meet the dairy company’s increasing freight needs. More >>

Pampered pooches and pizzle hot pots

Friday, 19 September 2014, 11:25 am | Deer Industry NZ

Pampered pooches in America and pizzle hot pots in China are helping support venison prices to farmers. More >>

Haier Pulse’s Ameliaranne Wells Makes Silver Ferns Squad

Friday, 19 September 2014, 11:12 am | Haier Pulse and Netball Central Zone

The Haier Pulse’s new signing Ameliaranne Wells has been fast-tracked into the Silver Ferns, just weeks after declaring her availability for New Zealand following her move across the Tasman. The 23-year old shooter from Queensland qualifies for ... More >>

Orana launches biggest ever fundraising campaign

Friday, 19 September 2014, 11:08 am | Orana Wildlife Park

One quarter of a million gorilla themed envelope mailers that have been in storage for four years will see the light of day this weekend! Orana will launch a public fundraising campaign this weekend via distribution of the mailers. More >>

Vodafone unveils best ever smartphone package with Red+

Friday, 19 September 2014, 11:03 am | Vodafone

• Vodafone 4G mobile data traffic expected to grow by 1200% in the next 3 years More >>

Farmers have spent millions in the Horizons region

Friday, 19 September 2014, 10:58 am | Federated Farmers

A Federated Farmers survey has revealed the average dairy farmer in the Horizons Region has spent over $110,000 on environmental management in the past five years. More >>

New Zealand residents take more overseas trips

Friday, 19 September 2014, 10:57 am | Statistics New Zealand

New Zealand residents departed on 2.24 million overseas trips in the August 2014 year, up 2 percent from 2013, Statistics New Zealand said today. More >>

NZ net migration at annual record in August on big inflow

Friday, 19 September 2014, 10:55 am | BusinessDesk

Sept. 19 (BusinessDesk) - New Zealand’s annual net migration rose to a record in August, exceeding Treasury’s forecasts, and spurred by more migrant arrivals and the ongoing decline of Kiwis leaving for Australia. More >>

Opus appoints new Director of International Growth

Friday, 19 September 2014, 10:52 am | Opus International Consultants

Hugh Morrison has been appointed as Opus’ new Director of International Growth. He will commence the role on 13 October 2014 replacing the incumbent Alec Webster who retires at the end of 2014. More >>

Chorus takes aim at 'Boost' criticisms

Friday, 19 September 2014, 10:18 am | BusinessDesk

Sept. 19 (BusinessDesk) - Chorus, the telecommunications network operator, has hit back at claims its proposed Boost variant services would breach the terms of its regulation, saying the regulator's legal advice is at odds with the law, and needs ... More >>

Greenlane Biogas sold to UK investor for $25mln

Friday, 19 September 2014, 9:53 am | BusinessDesk

Sept. 19 (BusinessDesk) - New Zealand exporter of biogas technology Greenlane Biogas has been sold to a listed UK company for $25 million. More >>

Emirates responds to swift Nigeria service growth

Friday, 19 September 2014, 9:46 am | Emirates Airlines

19 September 2014 – Only two months after launching its operations to Nigerian capital Abuja, Emirates has today announced it will upgrade the route’s operating aircraft to a Boeing 777-200ER, starting from October 1, 2014. More >>

NZ dollar advances ahead of election; greenback sags on data

Friday, 19 September 2014, 8:36 am | BusinessDesk

Sept. 19 (BusinessDesk) - The New Zealand dollar advanced as investors bet on stability ahead of the general election tomorrow and as weaker US data weighed on the greenback. More >>

While you were sleeping: Wall Street hits records

Friday, 19 September 2014, 7:39 am | BusinessDesk

Sept. 19 (BusinessDesk) - Wall Street rose, pushing the Dow and S&P 500 to record highs, after a larger-than-expected drop in US jobless claims and the Federal Reserve’s fresh promise to keep interest rates low. More >>

MARKET CLOSE: NZ shares bounce from month-low; Spark gains

Thursday, 18 September 2014, 5:33 pm | BusinessDesk

Sept. 18 (BusinessDesk) - New Zealand shares rose from a month-low as the prospect of low US interest rates lured overseas investors seeking high-yield assets. Meridian Energy and Spark New Zealand paced the gain. More >>

Air New Zealand adds more seats to historic Samoa game

Thursday, 18 September 2014, 5:33 pm | Air New Zealand

Air New Zealand will increase capacity between Auckland and Apia to coincide with next year’s historic first match between the All Blacks and Manu Samoa on Samoan soil. More >>

NZ dollar falls after Fed signals rates hikes are coming

Thursday, 18 September 2014, 5:05 pm | BusinessDesk

Sept. 18 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve signalled rates hikes were on the cards in the coming year, fuelling demand for the greenback, and as the looming Scottish independence referendum and the local general election ... More >>

Crown extends clean-up promise to Solid Energy

Thursday, 18 September 2014, 4:29 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Commercially troubled state coal miner Solid Energy requires an extension of a government guarantee to meet the $103 million future cost of returning mined land to its pre-mined condition in order to maintain positive equity in its ... More >>

Gerald McKay struck off

Thursday, 18 September 2014, 3:42 pm | New Zealand Law Society

The New Zealand Lawyers and Conveyancers Disciplinary Tribunal has ordered that Gerald George McKay be struck from the Roll of Barristers and Solicitors. The Tribunal found Mr McKay guilty of one charge of professional misconduct by acting for a number ... More >>

Harcourts Group Innovative Technology Team Expands

Thursday, 18 September 2014, 3:31 pm | Harcourts

Harcourts International Managing Director, Mike Green, recently shared the Harcourts International vision to expand into 100 countries within 20 years. To execute this plan, the Harcourts Group has started to expand their technology team in New Zealand ... More >>

Dairying business woman takes top role

Thursday, 18 September 2014, 3:10 pm | Liberty Genetics

Delwyn Knight has taken the role of general manager of Liberty Genetics where she is leading a team that’s making headway in the competitive dairy genetics market. More >>

Growth in passenger numbers drives Airport result

Thursday, 18 September 2014, 3:06 pm | Christchurch Airport

Christchurch International Airport Limited (CIAL) has reported encouraging growth in its operating performance for the year ended 30 June 2014, driven by revenue growth across all aspects of the business – aeronautical, commercial and property. Chairman ... More >>

Embrace the changing food scene

Thursday, 18 September 2014, 2:55 pm | Hospitality New Zealand

The food industry is moving fast, so take the changes and run with them, says a leading Kiwi chef. Michelin star chef and MasterChef NZ judge Josh Emmet shared his experience and observations of the local and global restaurant scene at Hospitality New Zealand’s ... More >>

Free policy and evaluation services

Thursday, 18 September 2014, 2:53 pm | Allen And Clarke

Today we are calling for organisations, whether government, non-government or community-based, to express their interest in pro bono research, policy, or evaluation services during late 2014. More >>

Beatrice Faumuina Joins the Spark Foundation Board

Thursday, 18 September 2014, 2:51 pm | Spark NZ

The Spark Foundation has today announced the appointment of New Zealand sporting legend Beatrice Faumuina ONZM to the organisation’s Board of Trustees. More >>

Appointment of new partners reflects changing face of law

Thursday, 18 September 2014, 2:50 pm | Claro

New Zealand’s specialist health sector law firm, Claro, has appointed Anita Miller and Iris Reuvecamp as partners. More >>

Serko Integration With AirPlus

Thursday, 18 September 2014, 2:50 pm | Serko

Integration with AirPlus Gives Serko Customers Using AirPlus Payment Technology Direct Access to Transaction Information Inside Serko Online More >>

UPDATE: OPI receiver lashes Crowe Horwath over OPI release

Thursday, 18 September 2014, 2:49 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Accounting firm PwC has taken the rare step of chastising another member of its own industry, ASX-listed Crowe Horwath, for understating by half the value of a settlement reached over the auditing of OPI Finance in the failed ... More >>

MRP Appoints General Manager for Hydro/Wholesale

Thursday, 18 September 2014, 2:48 pm | Mighty River Power

Mighty River Power today announced the appointment of Phil Gibson to the position of General Manager Hydro/Wholesale – as part of the Company’s leadership team under new Chief Executive Fraser Whineray. More >>

Market Eases Slightly

Thursday, 18 September 2014, 2:42 pm | Wool Services International

New Zealand Wool Services International Limited’s General Manager, Mr John Dawson reports that the wool sale held in Napier today was firm to slightly easier in comparison to the previous North Island sale held on the 4th September. More >>

Advanced Security Group continues to be recognised

Thursday, 18 September 2014, 2:35 pm | Advanced Security Group

Nationwide security integrator, Advanced Security Group, has again been recognised in recent months receiving three awards. More >>

Tauranga 'game-changer' to boost Timaru port's 2015 profit

Thursday, 18 September 2014, 2:33 pm | BusinessDesk

Sept. 18 (BusinessDesk) - PrimePort Timaru, the South Island hub which has aligned itself with Port of Tauranga, expects a turnaround in its fortunes as it benefits from its tie up with the country's busiest export port. More >>

Working group focused on clear advice

Thursday, 18 September 2014, 2:25 pm | DairyNZ

The industry-led working group looking at the issues with swedes affecting dairy cattle in Southland says a key priority will be developing clear and agreed advice for farmers. More >>

 

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