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Latest Business Headlines

NZ dollar gains with commodity currency upswing

Thursday, 29 September 2016, 5:28 pm | BusinessDesk

Sept. 29 (BusinessDesk) - The New Zealand dollar gained after an announcement by the Organisation of the Petroleum Exporting Countries that they would reduce production to underpin prices lifted sentiment for commodity currencies including the Aussie. More >>

New Zealand Consumers are Over the Hype of Wearables

Thursday, 29 September 2016, 5:27 pm | IDC New Zealand Ltd

AUCKLAND, 29 SEPTEMBER 2016: IDC's recently published New Zealand Device Landscape study, was based on data contained in IDC's 2016 ConsumerScape 360º survey, which included 1,502 New Zealand respondents. Despite smart watches and fitness wearables ... More >>

HydroWorks to raise another A$1.5M ahead of ASX listing

Thursday, 29 September 2016, 5:11 pm | BusinessDesk

Sept. 29 (BusinessDesk) - HydroWorks, a Christchurch-based hydro-electricity turbine innovator, is going across the Tasman to raise A$1.5 million, having just raised the almost same amount in New Zealand, ahead of an ASX listing slated for the first ... More >>

Feds President Takes Reigns At World Farming Body

Thursday, 29 September 2016, 5:02 pm | Federated Farmers

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More >>

Brexit event reassures NZ exporters, says Chamber

Thursday, 29 September 2016, 5:01 pm | Wellington Chamber Of Commerce

The UK will continue to be a key market for New Zealand exporters – that was the main message from a Brexit event held in Wellington today. More >>

‘Young guns’ making insurance easy

Thursday, 29 September 2016, 4:57 pm | MakeInsure

Two long-time mates open up shop in the aim of making personal insurance easy. More >>

Innovation and infrastructure still holding back NZ

Thursday, 29 September 2016, 4:28 pm | BusinessDesk

Sept. 29 (BusinessDesk) - New Zealand's national infrastructure and capacity to innovate stand out as two factors that continue to drag on the country's international competitiveness, even as it rose three places in the ranks from last year and 10 places better than ... More >>

Grozovsky brothers respond to OIO review

Thursday, 29 September 2016, 4:28 pm | Kensington Swan

The owners of Onetai Station, Rafael and Federico Grozovsky, welcome the conclusion of the review by the Overseas Investment Office ( OIO ) and the principal finding that they are of good character. Bringing this process to an end will now allow them ... More >>

UPDATE: Christchurch council company meets first deadline

Thursday, 29 September 2016, 4:26 pm | BusinessDesk

Sept. 29 (BusinessDesk) - Christchurch City Holdings Ltd, the city council's investment unit, has met its target under the city's long-term strategy by paying a $90 million dividend, the first installment of a plan to return $600 million by the end of 2019 ... More >>

SecureCom acquires Atmospheric

Thursday, 29 September 2016, 3:46 pm | SecureCom

Atmospheric is an Auckland-based technology company that was recently placed in receivership. Five of Atmospheric’s staff will join SecureCom’s team at its Auckland site, taking SecureCom’s total employee numbers to over 50 people. More >>

Exciting new opportunity for aspiring webseries creators

Thursday, 29 September 2016, 3:18 pm | NZ On Air

Exciting new opportunity for aspiring webseries creators NZ On Air is delighted to be supporting a new initiative from TVNZ to find the next hit webseries. More >>

TVNZ 2017: new content, new blood, new thinking

Thursday, 29 September 2016, 3:16 pm | TVNZ

Coming to a screen near you: TVNZ is applying fresh thinking to its 2017 line-up. Viewers can expect more shows available OnDemand first, live streaming of all TVNZ channels together in one place, and a stepped-up commitment to supporting and screening ... More >>

Overseas Investment Office puts Ceol & Muir on notice

Thursday, 29 September 2016, 3:11 pm | Land Information NZ

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station ... More >>

Wool Eases Further

Thursday, 29 September 2016, 3:08 pm | New Zealand Wool Services International

New Zealand Wool Services International ltd’s Marketing Executive Mr Malcolm Ching, reports that the North Island offering of 7900bales eased across the board with 74 percent selling. The weighted indicator for the main trading currencies was up 0.94 ... More >>

Irrigation New Zealand's 'facts' fail to pass muster

Thursday, 29 September 2016, 2:50 pm | Ropere Consulting

Peter Fraser, Principal - Rōpere Consulting, and long time critic of the Ruataniwha Water Storage Scheme, responds to the newspaper advertisements where Irrigation NZ attempts to "'dam' Ruataniwha myths". More >>

Playing the person rather than playing the ball

Thursday, 29 September 2016, 2:45 pm | Ropere Consulting

Peter Fraser, Principal - Rōpere Consulting, and author of the Fish and Game commissioned report Economic Review of Wairarapa Water's Application for Stage 2 (Feasibility) Funding from the Irrigation Acceleration Fund expressed dismay regarding the behaviour ... More >>

Wine industry to benefit from $6m in reseaarch funding

Thursday, 29 September 2016, 2:33 pm | New Zealand Winegrowers

$6 million has been secured to fund the research and development of a new tool to assist New Zealand’s wine industry with better grape yield forecasting. Science and Innovation Minister Steven Joyce recently announced that the initiative will ... More >>

CCHL nearly triples dividend payout with special payment

Thursday, 29 September 2016, 2:18 pm | BusinessDesk

Sept. 29 (BusinessDesk) - Christchurch City Holdings Ltd, the city council's investment unit, pulled cash out of its power company Orion New Zealand to almost triple its dividend payment, adding a special $90 million contribution to the city's long-term ... More >>

Goldman Sachs NZ trading under scrutiny in trial

Thursday, 29 September 2016, 2:17 pm | BusinessDesk

Sept. 29 (BusinessDesk) - Trading by Goldman Sachs has come under the scrutiny of lawyers representing Milford Asset Management portfolio fund manager Mark Warminger in a High Court trial on market manipulation. More >>

SeaDragon Officially Opens its Nelson Omega-3 Refinery

Thursday, 29 September 2016, 2:11 pm | NZX

Prime Minister John Key today officially opened SeaDragon’s new Omega-3 fish oil refinery in Nelson. More >>

New Zealand 13th most competitive nation

Thursday, 29 September 2016, 1:59 pm | Business New Zealand

New Zealand is the 13th most competitive country in the world, according to the 2016 Global Competitiveness Index. More >>

Hawaiki Cable & Alaska Communications Long-Term Partnership

Thursday, 29 September 2016, 1:55 pm | Hawaiki Cable

HAWAIKI CABLE AND ALASKA COMMUNICATIONS SIGN LONG-TERM PARTNERSHIP FOR LANDING AND OPERATING ACTIVITIES IN OREGON More >>

Hybrid City is Here

Thursday, 29 September 2016, 1:46 pm | Auckland City Toyota

Auckland City Toyota have adapted their Greenlane dealership to provide industry leading information, expertise and servicing for all Toyota hybrid vehicles in Auckland, a literal one stop shop for hybrids. More >>

Construction sector moves towards greater collaboration

Thursday, 29 September 2016, 1:27 pm | Constructive

Constructive, the inaugural New Zealand Construction Industry Forum was held last week in Christchurch, bringing together key representatives from the industry to discuss the issues facing the sector and to identify opportunities to work more collaboratively ... More >>

Plexure's annualised revenue rises to $7.1M

Thursday, 29 September 2016, 12:53 pm | BusinessDesk

Sept. 29 (BusinessDesk) - Plexure Group, the digital advertising firm formerly known as VMob, has increased annualised committed monthly revenue (ACMR) by almost a third with a view to reaching $10 million mark by the end of the year, and is considering ... More >>

DHL Express announces its 2017 rate adjustments

Thursday, 29 September 2016, 12:06 pm | DHL Express NZ

Auckland, September 29, 2016: DHL Express, the world’s leading international express services provider, today announced its annual general average price increase, effective January 1, 2017. In New Zealand, the average price increase will be 4.9%. More >>

Steel industry makes quality certification compulsory

Thursday, 29 September 2016, 12:04 pm | Steel Construction New Zealand

The Steel Fabricator Certification (SFC) qualification will soon be mandatory for all Steel Construction New Zealand (SCNZ) fabricator members. More >>

Major opportunity to expand social housing

Thursday, 29 September 2016, 11:48 am | NZ Council for Infrastructure Development

"Further improving the Government's housing reform programme requires clarity of vision, specificity on outcomes sought, a clear development pipeline, reduced bid costs and long-term certainty of revenue streams," says Stephen Selwood, ... More >>

RBNZ to pay $140 million dividend from FX gains

Thursday, 29 September 2016, 11:45 am | BusinessDesk

Sept. 29 (BusinessDesk) - The Reserve Bank will pay a $140 million dividend to the government, using up some of the near $1 billion of investment gains built up from prior years. More >>

Innovation key to shaping Bank’s past and future

Thursday, 29 September 2016, 11:44 am | Reserve Bank

The Reserve Bank's Annual Report 2015-16 demonstrates the Bank's commitment to innovation as it continues to promote a sound and dynamic monetary and financial system, Governor Graeme Wheeler said today. More >>

Hamilton a better proposition

Thursday, 29 September 2016, 11:32 am | Hamilton City Council

Hamilton’s strong economy and geographic location make it a great choice for Auckland businesses looking to relocate. More >>

Adama’s unique wheat and barley fungicide Phoenix

Thursday, 29 September 2016, 11:31 am | ADAMA New Zealand

Phoenix’s unique multi-site protectant activity makes it the ideal partner to combat resistance against speckled leaf blotch and scald. More >>

Polycom Announces Completion of Acquisition

Thursday, 29 September 2016, 11:27 am | Polycom

Polycom stockholders to receive $12.50 per share in cash Mary McDowell appointed CEO Company positioned to enhance customer value and extend lead in UC&C market More >>

Airport wants to re-start process for runway extension

Thursday, 29 September 2016, 11:19 am | BusinessDesk

Sept. 29 (BusinessDesk) - Wellington International Airport has asked the city and regional councils to re-start its application to extend the runway. More >>

Steve Hansen and Ray White team up to win the right way

Thursday, 29 September 2016, 11:12 am | Make Lemonade

Ray White New Zealand has joined forces with world-leading rugby coach Steven Hansen through his appointment as their global brand ambassador. More >>

Property dominates New Zealand debt

Thursday, 29 September 2016, 11:02 am | Statistics New Zealand

Real estate loans accounted for 87 percent of total individual debt held by New Zealanders in the year ended June 2015, Statistics New Zealand said today. More >>

Leading Bell Gully litigator wins pan-Asia award

Thursday, 29 September 2016, 10:48 am | Bell Gully

Bell Gully litigator David Cooper has been named as Disputes Star of the Year for New Zealand at the second annual Asialaw Asia-Pacific Dispute Resolution Awards 2016. More >>

Russell McVeagh comes out on top at NZAGE Awards

Thursday, 29 September 2016, 10:45 am | Russell McVeagh

Last night, Russell McVeagh was named winner of the Best Graduate Print Campaign at the NZAGE Industry Awards. The Awards commend excellence for graduate and youth employment initiatives, and Russell McVeagh is proud, as a law firm, to be recognised ... More >>

Z Energy more than halfway through divestments

Thursday, 29 September 2016, 10:43 am | BusinessDesk

Sept. 29 (BusinessDesk) - Z Energy has signed contracts to sell 12 of the 20 sites it has to quit as part of its acquisition of Chevron New Zealand and is negotiating contracts for the rest. More >>

Tatua Financial Results for the Year Ended 31 July 2016

Thursday, 29 September 2016, 10:42 am | Tatua Co-operative Dairy Company Ltd

The Board of Directors of The Tatua Co-operative Dairy Company met on 28 September 2016 to consider the financial results and decide on the final payout to its 113 Suppliers for the 2015/16 season. More >>

Tertiary education system set up to preserve status quo

Thursday, 29 September 2016, 10:40 am | BusinessDesk

Sept. 28 (BusinessDesk) - New Zealand's tertiary education system is set up in ways that preserve the status quo, discourage innovation, encourage high-cost models, and reward the largest providers for gaming the system to be able to 'cry poor', ... More >>

Rick Smith of Sutton Tools Elected President of the NZMEA

Thursday, 29 September 2016, 10:29 am | NZMEA

Rick Smith, Operations Manager of Sutton Tools (NZ), has been elected as the New Zealand Manufacturers and Exporters Association (NZMEA) President at the Association’s 137th AGM. Rick takes over the helm from Tom Thomson, who completed his two year ... More >>

Christchurch wins International Antarctic Biology Symposium

Thursday, 29 September 2016, 10:21 am | Christchurch and Canterbury Convention Bureau

Christchurch is to host the Scientific Committee on Antarctic Research (SCAR) International Biology Symposium in 2021. More >>

Orcon Launches One Gig Residential Plans

Thursday, 29 September 2016, 9:30 am | Orcon Internet

Super high-speed internet from $135 a month, 24 month plans include an Xbox One S More >>

CBL to raise up to $63 mln to accelerate expansion plans

Thursday, 29 September 2016, 9:09 am | BusinessDesk

Sept. 29 (BusinessDesk) - CBL Corp, which sells credit surety and financial risk insurance, plans to raise up to $63 million in a share placement to institutional investors and a share purchase plan, giving it more headroom to pursue growth opportunities. More >>

HiFX Morning Update September 29 2016

Thursday, 29 September 2016, 8:50 am | HiFX

The NZDUSD opens at 0.7278 (mid-rate) this morning. The NZD has weakened slightly against all its major rivals over the past 24hrs trading down to a new 6-week low of 0.9438 against the AUD. More >>

Fed officials fail to give new direction

Thursday, 29 September 2016, 8:48 am | BusinessDesk

Sept. 29 (BusinessDesk) - The New Zealand dollar was little changed after appearances by top Federal Reserve officials did little to change market perceptions of the timing of interest rate hikes in the US. More >>

While you were sleeping: Oil climbs on OPEC deal

Thursday, 29 September 2016, 7:59 am | BusinessDesk

Sept. 29 (BusinessDesk) - Oil prices jumped, while stocks on Wall Street rose, on a report that OPEC reached an agreement to limit output. More >>

MARKET CLOSE: NZ shares gain

Wednesday, 28 September 2016, 11:15 pm | BusinessDesk

Sept. 28 (BusinessDesk) - New Zealand shares rose, with Chorus, Orion Health Group and Air New Zealand recovering losses, while Tower resumed its fall. More >>

NZD retreats from presidential-debate highs

Wednesday, 28 September 2016, 5:29 pm | BusinessDesk

Sept. 28 (BusinessDesk) - The New Zealand dollar retreated from its overnight highs on speculation figures over the next two weeks will point to an improving US economy, making a Federal Reserve rate hike in December more likely. More >>

Consensus on need for bigger environmental regime overhaul

Wednesday, 28 September 2016, 5:23 pm | BusinessDesk

A new coalition of environmental, business and infrastructure lobby groups has added new weight to a growing consensus that the 25 year-old Resource Management Act is failing both to allow sufficient development and to protect the environment. More >>

They’re here - Kiwi-bred polled bulls

Wednesday, 28 September 2016, 4:57 pm | CRV Ambreed

In a New Zealand first, from next dairy season CRV Ambreed will offer genetics to farmers that will guarantee the birth of polled calves. This announcement follows the recent births of a trio of homozygous polled bulls as part of the company’s ... More >>

Smuggler Marine removes references to Sealegs technology

Wednesday, 28 September 2016, 4:56 pm | BusinessDesk

Sept. 28 (BusinessDesk) - Smuggler Marine, an Auckland-based boatbuilder, has removed references to Sealegs Corp amphibious boat technology from its website ahead of an application for a High Court injunction next month over the alleged infringement ... More >>

Industry Tourism Award for Tairua B&B Owner

Wednesday, 28 September 2016, 4:49 pm | Bed and Breakfast Association NZ

The Bed and Breakfast Association NEW ZEALAND would like to congratulate their member Sunlover Retreat, Tairua, who have received an award for Excellence in Service for Tourism on The Coromandel. The Awards were presented at an industry function last ... More >>

Intueri retains support of lender ANZ

Wednesday, 28 September 2016, 4:32 pm | BusinessDesk

Sept. 28 (BusinessDesk) - Intueri Education Group, the private education group whose shares collapsed on Tuesday in response to a warning about Australian government audits that threatened its viability, has told investors it retains the support of ... More >>

New NZX market manipulation guidance raised in trial

Wednesday, 28 September 2016, 4:24 pm | BusinessDesk

Sept. 28 (BusinessDesk) - A joint NZX/Financial Markets Authority collaboration on providing more guidance to the securities industry on the scope of permissible trading conduct was raised today in the country’s first market manipulation trial. More >>

NZ Set to Welcome Record Number of Cruise Ships

Wednesday, 28 September 2016, 4:15 pm | MG Media

New Zealand will welcome a record number of cruise ships to its shores this summer, including an unprecedented nine ships making their inaugural calls to the country. More >>

Milford sells down stake in Wynyard as shares slump

Wednesday, 28 September 2016, 4:01 pm | BusinessDesk

Sept. 28 (BusinessDesk) - Milford Asset Management has reduced its holding in crime fighting software company, Wynyard Group, taking its ownership to 5.7 percent from 7.6 percent in December last year. More >>

Do you really know what you’ve signed up for?

Wednesday, 28 September 2016, 3:42 pm | Public Trust

28 September, 2016 You’re an Executor - do you really know what you’ve signed up for? More >>

Seadragon's talks with new cornerstone investor collapse

Wednesday, 28 September 2016, 3:41 pm | BusinessDesk

Sept. 28 (BusinessDesk) - Seadragon, the fish-oil refiner, has warned investors that preliminary talks with a potential new cornerstone investor have failed. More >>

 

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