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MARKET CLOSE: NZ stocks rise, led by MetroGlass

Friday, 28 April 2017, 8:40 pm | BusinessDesk

April 28 (BusinessDesk) - New Zealand shares ended higher as positive economic data cheered investors and bargain hunters turned to stock like Metro Performance Glass although SkyCity Entertainment Group fell after posting weaker third-quarter sales ... More >>

China names four corruption suspects in Auckland

Friday, 28 April 2017, 8:34 pm | BusinessDesk

April 28 (BusinessDesk) - Four of 22 corruption suspects who have fled China are in Auckland according to a list published by Chinese authorities and while New Zealand is not currently proceeding with new extradition treaties it could look at a possible ... More >>

NZ dollar remains below 69 US cents on weaker commodities

Friday, 28 April 2017, 8:16 pm | BusinessDesk

April 28 (BusinessDesk) - The New Zealand dollar was little changed below 69 US cents, having fallen along with other commodity-linked currencies as raw material prices fell and the market focussed on US President Donald Trump's protectionist approach ... More >>

Kaikoura quake to shave 0.1% from NZ's GDP over two years

Friday, 28 April 2017, 7:47 pm | BusinessDesk

Kaikoura quake to shave 0.1% from NZ's GDP over two years, report shows More >>

ACCC takes legal action against Murray Goulburn

Friday, 28 April 2017, 7:46 pm | BusinessDesk

April 28 (BusinessDesk) - The Australian Competition and Consumer Commission has filed Federal Court proceedings against Australia's largest milk processor, Murray Goulburn Cooperative, for breaching the Australian consumer law but decided not to ... More >>

NZ business confidence still upbeat

Friday, 28 April 2017, 4:22 pm | BusinessDesk

April 28 (BusinessDesk) - New Zealand business confidence stayed upbeat in April as firms expect to see more activity on their own books and generate bigger profits. More >>

LanzaTech narrows annual loss in 2016

Friday, 28 April 2017, 4:01 pm | BusinessDesk

April 28 (BusinessDesk) - LanzaTech New Zealand, the New Zealand-founded carbon recycling company, reported a slightly narrower annual loss and while the directors signalled a number of risks they concluded it has sufficient funds to continue operating for ... More >>

Environmentally friendly shift needed for primary industry

Friday, 28 April 2017, 3:11 pm | Royal NZ Institute of Horticulture Education Trust

More young Kiwis are needed to roll up their sleeves and help save New Zealand's environment, particularly our waterways, by participating in careers that expand horticulture as the higher value land use activity of choice. This needs to be given ... More >>

Peka Peka Interchange Back On The Agenda

Friday, 28 April 2017, 3:07 pm | Kapiti Coast Chamber Of Commerce

Finance and Infrastructure Minister, Hon Steven Joyce, has signalled his support for a new interchange servicing the Peka Peka and Te Horo communities, as part of the next stage of the Kapiti Expressway. More >>

NZ residential building consents dip in March

Friday, 28 April 2017, 2:51 pm | BusinessDesk

April 28 (BusinessDesk) - New Zealand residential building consents dipped in March after a strong rise in February. More >>

NZ exports rise 11% to 2-year high in March

Friday, 28 April 2017, 2:49 pm | BusinessDesk

April 28 (BusinessDesk) - New Zealand's merchandise exports rose to their highest monthly level in two years in March as the value of dairy exports to China jumped by two thirds. More >>

Government funding boost welcomed by Infrastructure Industry

Friday, 28 April 2017, 2:03 pm | Connexis

28 April 2017: The Government's recently announced $11 billion investment into infrastructure over the coming years has been welcomed by the industry. More >>

Westpac rules out funding controversial coal mine

Friday, 28 April 2017, 1:39 pm |

AUCKLAND, 28 April 2017 -- , 350 Australia , 350 Aotearoa and the Australian Youth Climate Coalition have hailed Westpac’s new climate change policy -- which includes a ban on funding for any new coal basin projects -- as a massive blow for ... More >>

NZ wool auction volumes remain high

Friday, 28 April 2017, 1:37 pm | BusinessDesk

April 28 (BusinessDesk) - Volumes at New Zealand's weekly wool auction were higher than normal for this time of year as farmers try to shift bales they held back from previous auctions due to weak prices. More >>

Dunedin to sign friendship agreement with Qingyuan

Friday, 28 April 2017, 1:25 pm | Dunedin City Council

Dunedin (Friday, 28 April 2017) – Mayor of Dunedin Dave Cull heads to China next week to sign a Friendship City agreement with Qingyuan and help promote Dunedin’s creative sector by launching an exhibition at the prestigious Yu Gallery in Shanghai. More >>

CrownBet welcomed as Official Wagering Partner of tournament

Friday, 28 April 2017, 1:10 pm | Rugby League World Cup

Rugby League World Cup 2017 (RLWC2017) is pleased to announce CrownBet as its Official Wagering Partner. More >>

Farming Profitably within Environmental Limits

Friday, 28 April 2017, 1:06 pm | AgriSea New Zealand Ltd

Dr Christine Jones - international authority on soil health and profitable farming systems will be back in New Zealand by popular demand following a successful tour in 2015 – The International Year of Soils, where she ran seven workshops speaking ... More >>

Another day to wait on Fairfax NZ, NZME merger deal

Friday, 28 April 2017, 12:48 pm | BusinessDesk

April 28 (BusinessDesk) - Fairfax New Zealand and NZME will have to wait one more day before finding out whether their arguments have swayed the Commerce Commission from its draft decision to reject a merger between the country's two dominant newspaper ... More >>

Luxury travel insights on the TRENZ breakfast menu

Friday, 28 April 2017, 12:21 pm | Tourism Industry Aotearoa

New Zealand tourism operators attending TRENZ 2017 (9-12 May, Auckland) will get invaluable insider insight into the minds of luxury American travellers and how to attract these high-value visitors. More >>

Metlifecare buys Botany site for new $140 million village

Friday, 28 April 2017, 12:19 pm | BusinessDesk

April 28 (BusinessDesk) - Metlifecare has bought a 2.4 hectare site in Auckland's Botany suburb which it plans to spend $140 million developing into a 160-unit retirement village. More >>

SkyCity posts 4% dip in 3Q revenue as Australia struggles

Friday, 28 April 2017, 12:06 pm | BusinessDesk

April 28 (BusinessDesk) - SkyCity Entertainment Group posted a 4 percent decline in third-quarter sales as its Australian businesses in Darwin and Adelaide continued to struggle while its flagship Auckland casino dealt with flat gaming revenue and ... More >>

NZ dollar falls as commodity prices weaken

Friday, 28 April 2017, 11:57 am | BusinessDesk

April 28 (BusinessDesk) - The New Zealand dollar fell to a 10-month low as weaker commodity prices restrained the currencies of countries that export raw materials, while the European Central Bank kept its policy settings unchanged as expected. More >>

Draft Employment Bill released for public consultation

Friday, 28 April 2017, 11:55 am | Simpson Grierson

On 20 April 2017, the Ministry of Business, Innovation and Employment (MBIE) released a copy of the draft Employment (Pay Equity and Equal Pay) Bill (Bill) for public consultation. More >>

Training essential to combat service sector skill shortage

Friday, 28 April 2017, 11:13 am | Careerforce

Careerforce has joined At Your Service Aotearoa’s call to arms over a mounting skills shortage within the service sector workforce and urges greater focus on workplace training. As the Industry Training Organisation for the health and wellbeing sectors, ... More >>

Dairy and lamb to China boost March exports

Friday, 28 April 2017, 11:06 am | Statistics New Zealand

Exports rose $446 million (11 percent) when compared with March 2016 to reach $4.6 billion in March 2017, Stats NZ said today. More >>

Nine-hour Uber ride a risk to public safety

Friday, 28 April 2017, 11:01 am | Blue Bubble Alliance

The “nine-hour straight” $1000 Uber fare from Auckland to Wellington at the end of a driver’s shift was a risk to public safety, says Blue Bubble CEO Bob Wilkinson. More >>

Lamb prices and grass markets define a better second half

Friday, 28 April 2017, 11:00 am | Beef And Lamb NZ

Stronger lamb prices and plenty of grass have bumped up the season’s forecast profit for sheep and beef farmers. More >>

First Central Plains Water sustainability report released

Friday, 28 April 2017, 10:54 am | Central Plains Water Trust

The Central Plains Water Trust holds the resource consents for the Central Plains Water Scheme. Central Plains Water Limited (the Company) owns and operates the infrastructure of the Scheme and contracts the supply of water for irrigation in the Scheme area ... More >>

Building consents top $2 billion for the first time

Friday, 28 April 2017, 10:53 am | Statistics New Zealand

Building consents reached a record $2 billion in March 2017, boosted by new homes and several big non-residential projects, Stats NZ said today. This was up 37 percent compared with March 2016. More >>

Half of Kiwis need a coffee kick-start in the morning

Friday, 28 April 2017, 10:49 am | Canstar Blue

Auckland, 28 April 2017. Latest survey of 1,902 Kiwis reveals nearly half need a coffee to get them going in the morning. More >>

Autistic People Have Untapped Potential in Workplace

Friday, 28 April 2017, 10:48 am | Life Unlimited

Friday 28 April 2017 – New Zealand has an untapped resource at the ready to fill gaps in the workforce provided they get the support they need to excel, says the charitable trust charged with providing trusted national autism information and advice. More >>

Houser is changing the way you sell with 0% commission

Friday, 28 April 2017, 10:44 am | Houser

Houser, is a licensed real estate agent that has launched nationwide to offer a 0% commission service. Houser wants to provide nearly the same services as a traditional estate agent but for a one off fee of $2499 plus GST. More >>

Dispelling the myths around Age Diversity in the workplace

Friday, 28 April 2017, 10:36 am | Robert Walters

Leading recruitment firm Robert Walters encourages employers to seize and capitalise on the opportunities of an age diverse workforce to avoid potential issues such as age discrimination and intergenerational conflict. More >>

Some emergency kits a recipe for disaster

Friday, 28 April 2017, 10:26 am | Consumer NZ

A Consumer NZ report on pre-made emergency survival kits found most either lacked key items, contained gear of poor quality or weren’t good value. More >>

Study At Odds With Official Data

Friday, 28 April 2017, 10:22 am | Spirits New Zealand

A just released study claiming problem drinking among young women is on the rise is at odds with official studies and ignores what is really happening to drinking in New Zealand. More >>

Eight Kiwi Producers Recognised in New Awards

Friday, 28 April 2017, 10:22 am | Food Producer Awards

Absolute NZ Meat is the Supreme Winner of the inaugural Outstanding NZ Food Producer Awards 2017. Their winning product Absolute Angus Porterhouse was named alongside seven category winners representing horticulture, aquaculture, cheesemaking, butchery ... More >>

While you were sleeping: PayPal jumps

Friday, 28 April 2017, 10:18 am | BusinessDesk

April 28 (BusinessDesk) - Wall Street rose, pushing the Nasdaq to another record high, amid better-than-expected corporate earnings including from PayPal. More >>

Warning all landlords - compliance non-negotiable

Friday, 28 April 2017, 10:16 am | Tommy's

Tommy’s Property Management , the property management division of Tommy’s Real Estate says that the Ministry of Business, Innovation and Employment (MBIE), has put landlords and property management companies on notice. MBIE is the government ... More >>

Winners of Outstanding NZ Food Producer Awards Announced

Friday, 28 April 2017, 10:11 am | Outstanding New Zealand Food Producer Awards

Absolute NZ Meat is the Supreme Winner of the inaugural Outstanding NZ Food Producer Awards 2017. Their winning product Absolute Angus Porterhouse was named alongside seven category winners representing horticulture, aquaculture, cheesemaking, butchery ... More >>

Primary Producers Big Winners in Awards

Friday, 28 April 2017, 10:09 am | Outstanding New Zealand Food Producer Awards

Seven of the nine accolades delivered tonight at the Outstanding NZ Food Producer Awards 2017 recognised the country's agriculture and horticulture industries. More >>

Sale of Mainland Poultry to Navis Capital

Friday, 28 April 2017, 9:31 am | Minter Ellison Rudd Watts

Shareholders of New Zealand's biggest egg producer Mainland Poultry, have reached an agreement to sell to Private Equity firm Navis Capital. More >>

Academics warn NZME, Fairfax merger would 'spell disaster'

Friday, 28 April 2017, 9:26 am | Pacific Media Watch

AUCKLAND ( Asia Pacific Report/Pacific Media Watch ): Academics have warned a merger of NZME and Fairfax will spell disaster for the media ecosystem at a conference on the future of the New Zealand media. More >>

Big News For & Spark

Friday, 28 April 2017, 9:10 am |

Spark is investing into to support its ambitious plans to disrupt the property portal market in NZ. More >>

HiFX Morning Update, April 28 2017

Friday, 28 April 2017, 8:50 am | HiFX

The NZDUSD opens at 0.6877 (mid-rate) this morning. The NZD was the worst performing currency of the majors overnight. The Kiwi has traded a 203 point or 2.9% range this week from the high on Monday, and is down 6.8% from the 2017 high of 0.7376 Last ... More >>

MARKET CLOSE: NZ stocks gain

Thursday, 27 April 2017, 9:00 pm | BusinessDesk

April 27 (BusinessDesk) - New Zealand shares rose, as Fletcher Building benefited from government plans to beef up infrastructure spending, A2 Milk continued to climb after upbeat guidance and SkyCity Entertainment Group and Xero continued to recover ... More >>

NZ dollar rises from four-month low

Thursday, 27 April 2017, 9:00 pm | BusinessDesk

NZ dollar rises from four-month low as Trump agrees to put off axing Nafta More >>

Summerset to grapple with ripple effect from caregiver wage

Thursday, 27 April 2017, 8:59 pm | BusinessDesk

April 27 (BusinessDesk) - Summerset Group's board came under pressure regarding its plans for wage-earners who won't benefit from a recent government-funded lift in caregiver wages at its annual meeting in Wellington, but said it plans to be proactive. More >>

Navis Capital sees $40-$80M capex for Mainland Poultry

Thursday, 27 April 2017, 8:57 pm | BusinessDesk

April 27 (BusinessDesk) - Navis Capital, a private equity firm with about US$5 billion of investments, says there would be between $40 million and $80 million of capital expenditure required for Mainland Poultry, building a company with export opportunities ... More >>

Rising tax take gives government more wiggle room

Thursday, 27 April 2017, 8:56 pm | BusinessDesk

April 27 (BusinessDesk) - New Zealand's rising tax take, which was up 7.7 percent in the year to Feb. 28, has given the government room to beef up its infrastructure spending programme and target an aggressive debt reduction target, says Finance Minister ... More >>

Cyberespionage and ransomware attacks are on the increase

Thursday, 27 April 2017, 5:30 pm | Verizon Communications Inc

Cyberespionage and ransomware attacks are on the increase warns the Verizon 2017 Data Breach Investigations Report More >>

The infrastructure boost will be powered by skills

Thursday, 27 April 2017, 5:02 pm | Industry Training Federation of New Zealand

The government’s announcement of $11 Billion in capital infrastructure over the next four years needs to be underpinned by investment in skills and workplace training, says the Industry Training Federation. More >>

Joyce flags infrastructure spend

Thursday, 27 April 2017, 4:09 pm | BusinessDesk

April 27 (BusinessDesk) - Finance Minister Steven Joyce kept mum on potential tax cuts in announcing a boost to spending on transport infrastructure over the four years, in part to cover the rebuild of State Highway 1 in the South Island, while ... More >>

Tūwharetoa Settlement Trust acknowledges outgoing GM

Thursday, 27 April 2017, 3:27 pm | Tuwharetoa Settlement Trust

Tūwharetoa Settlement Trust’s General Manager Dylan Tahau is to depart the Trust to take up a Strategic Development Manager position at Taupō District Council. More >>

Dairy expansion will hit limits, must chase value

Thursday, 27 April 2017, 3:20 pm | BusinessDesk

April 27 (BusinessDesk) - Primary Industries Minister Nathan Guy says there is a limit to further dairy intensification in New Zealand and growing exports in the future will depend more on increasing the value of products rather than the volume. More >>

Auckland in business talks with Japanese delegates

Thursday, 27 April 2017, 3:13 pm | Auckland Tourism Events and Economic Development

A high-level delegation of Japanese business leaders provides a golden opportunity for Auckland and its ambitious businesses to forge closer economic ties with a major trading partner. More >>

Iconic Wellington Hotel to undergo multi-million dollar refu

Thursday, 27 April 2017, 3:06 pm | Amora Hotel Wellington

Wellington’s Amora Hotel will temporarily close its doors on 27 May 2017 to undergo a multi-million dollar refurbishment of all rooms and public areas. More >>

US food guru to speak at horticulture conference

Thursday, 27 April 2017, 2:59 pm | Horticulture NZ

American food and agribusiness guru Roland Fumasi has today been announced as one of the keynote speakers for the Horticulture Conference 2017, on 14 July in Tauranga. More >>

Priority on infrastructure that supports growth

Thursday, 27 April 2017, 2:36 pm | Business New Zealand

Chief Executive Kirk Hope says in key areas, including Kaikoura and Auckland, there is a need for priority spending on road and rail. More >>

Urban water dirtiest, but decline greatest in rural water

Thursday, 27 April 2017, 2:34 pm | BusinessDesk

April 27 (BusinessDesk) - Urban areas have the biggest problem with polluted freshwater, but rural areas are showing a faster-declining trend in the quality of fresh water in lakes, rivers and streams, says the first report on New Zealand's freshwater resources ... More >>

Celebrate Sauvignon Blanc Day on 5 May

Thursday, 27 April 2017, 2:18 pm | New Zealand Winegrowers

Celebrate Sauvignon Blanc Day on 5 May International Sauvignon Blanc Day is fast approaching, taking place on 5 May 2017. New Zealand Winegrowers is driving a social media campaign to raise awareness of the day and encourage consumers to celebrate ... More >>


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