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Latest Business Headlines

Kiwifruit industry set for strong growth in 2015 season

Sunday, 29 March 2015, 9:31 pm | Zespri

The first kiwifruit charter ship for 2015 is set to sail from the Port of Tauranga tomorrow (Sunday 28 March), marking the start of a season promising strong growth with volumes back to pre-Psa levels this season, Zespri’s Chief Executive Lain ... More >>

New Zealand has a bird in hand for Cricket World Cup final

Sunday, 29 March 2015, 9:30 pm | Tourism New Zealand

New Zealand has gone to the birds as the sports-loving nation rolls out the latest secret weapon for the much anticipated ICC Cricket World Cup final on Sunday. More >>

MARKET CLOSE: NZ shares rise as Fonterra Fund rebounds

Friday, 27 March 2015, 5:35 pm | BusinessDesk

March 27 (BusinessDesk) - New Zealand shares rose, paced by Fonterra Shareholders' Fund as the stock rebounded from a record low. Outside the benchmark index, Hallenstein Glassons advanced after reporting a 40 percent jump in first-half profit. More >>

Position on Auckland Ports planned reclamation works

Friday, 27 March 2015, 5:31 pm | New Zealand Shippers Council

The Council has over the last few weeks observed with some dismay the public debate that has been taking place regarding the Port of Auckland's proposed extension to it's Bledisloe Wharf facility. More >>

NZ dollar gains vs. Australian dollar on iron ore weakness

Friday, 27 March 2015, 5:30 pm | BusinessDesk

March 27 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart on sliding prices for iron ore exported to China, that nation's biggest market, while traders await a speech by US Federal Reserve chair Janet Yellen on Friday in the ... More >>

Failed Feltex case costs litigation funders $3.1M in costs

Friday, 27 March 2015, 4:59 pm | BusinessDesk

March 27 (BusinessDesk) - Former directors of Feltex Carpets and promoters of its 2004 initial public offering have been awarded a scaled-up $3.1 million in costs after being found not liable for alleged disclosure failings in its prospectus. More >>

How Renovating with Solar can Save You Money

Friday, 27 March 2015, 4:37 pm | SolarCity

As property prices continue to increase, more homeowners are choosing to renovate and experts say if they include solar in their plans, they should be able to save thousands. More >>

Innovation needed to halt grim future for Hastings retailers

Friday, 27 March 2015, 4:33 pm | Logan Store

Stores going out of business and others relocating to new premises outside of the central business district, along with a general lack of interest in main street retailing has seen Hastings city retail occupancy continue to drop over the past year. More >>

Wine industry says increased MPI fees would threaten exports

Friday, 27 March 2015, 4:28 pm | Crowe Horwath

The Ministry of Primary Industries’ proposal to impose higher costs on the wine industry poses a major threat to the sector and in particular its export business, says Wanaka-based Principal Alistair King from Crowe Horwath. More >>

New electronic medicines management a big change

Friday, 27 March 2015, 4:24 pm | MidCentral District Health Board

In a national first, MidCentral District Health Board is actively supporting the implementation of an electronic medicines management system to be installed in all of the district’s aged care facilities and associated pharmacies. More >>

Increase Profits and Improve Cashflow with Bartercard

Friday, 27 March 2015, 4:12 pm | Pure Seo

Bartercard members are part of an enormous community of businesses that are increasing revenue and improving their cashflow, using an electronic currency called a Trade Dollar. One Trade Dollar is equivalent to one New Zealand Dollar for all accounting ... More >>

NZ crossbred wool falls to two-month low

Friday, 27 March 2015, 3:51 pm | BusinessDesk

March 27 (BusinessDesk) - New Zealand crossbred wool, which accounts for the majority of New Zealand's production, fell to a two-month low at the South Island auction yesterday amid a stronger local currency and weaker buyer demand. More >>

Bank improves household wealth statistics

Friday, 27 March 2015, 3:43 pm | Reserve Bank

The Reserve Bank is publishing a new set of household balance sheet statistics compiled using international standards. The new statistics cover a wider range of household assets including households’ currency holdings, the equity owned in unlisted businesses ... More >>

Māori farming success recognised

Friday, 27 March 2015, 3:03 pm | Ministry For Primary Industries

The talent on display at this year’s Ahuwhenua Trophy competition highlights the vast potential for Māori Agribusiness, says the Ministry for Primary Industries (MPI). More >>

New online bull team builder puts farmers in control

Friday, 27 March 2015, 2:45 pm | Dairy NZ

A new online bull team builder, developed by NZ Animal Evaluation Limited (NZAEL), a wholly-owned subsidiary of DairyNZ, will allow farmers to see the impact of genetic improvement on farm profit and team averages. Instead of flicking through catalogues ... More >>

Swedes farmer survey results coming in May

Friday, 27 March 2015, 2:39 pm | Dairy NZ

The results of an in-depth farmer survey carried out to help understand the factors behind the toxic swedes issues that hit Southland dairy herds last year are expected to be available by the end of May. More >>

Media agency director found guilty of fraud

Friday, 27 March 2015, 2:36 pm | Serious Fraud Office

Glenda Mary Wynyard (49) has been found guilty in the Auckland District Court today of eleven out of thirteen Crimes Act charges laid by the Serious Fraud Office (SFO). More >>

Do Mobile Phones Have a New Calling?

Friday, 27 March 2015, 2:30 pm | Canstar

50% of Gen Ys say that data is more important than call minutes or texts More >>

Technology more important than ever for not-for-profits

Friday, 27 March 2015, 2:14 pm | Joint Media Statement

Upgrading out-of-date infrastructure and making better use of online media are top priorities for Australian and New Zealand not-for-profits in their efforts to keep up in the digital age. More >>

Dutch consortium taps into New Zealand seismic expertise

Friday, 27 March 2015, 2:10 pm | Aurecon

Dutch consortium taps into New Zealand seismic expertise in Wellington – gas extraction causing earthquakes in Holland More >>

New Suzuki Celerio a Fresh Fuel Economy Champion

Friday, 27 March 2015, 1:43 pm | Suzuki

The thrifty new Suzuki Celerio GLX 5-door hatchback is emerging as the latest fuel economy champion. More >>

Zoo Auckland appointed by Southern Cross Health

Friday, 27 March 2015, 1:19 pm | Zoo group

Zoo Auckland positioned to work with Southern Cross on special projects in the digital space. More >>

Business expenditure on R&D continues to rise

Friday, 27 March 2015, 1:10 pm | Statistics New Zealand

Businesses are spending more on research and development (R&D) and this expenditure is expected to rise again in 2015, Statistics New Zealand said today. More >>

Inflation target at 2% risks overheated economy, BNZ says

Friday, 27 March 2015, 12:32 pm | BusinessDesk

March 27 (BusinessDesk) - Targeting 2 percent annual inflation could force the Reserve Bank of New Zealand to cut interest rates too sharply and overheat the economy, says Bank of New Zealand, which suggests current low global inflation rates mean the local ... More >>

New tourism partners aiming for sustainability

Friday, 27 March 2015, 12:19 pm | Lincoln University

A new tourism partnership will help contribute to the sustainability of the industry in New Zealand, say Lincoln University tourism expert Professor David Simmons and Tourism Industry Association New Zealand (TIA) Chief Executive Chris Roberts. More >>

NZ milk powder futures drop as Fonterra lifts GDT volumes

Friday, 27 March 2015, 12:13 pm | BusinessDesk

March 27 (BusinessDesk) - New Zealand whole milk powder futures dropped after Fonterra Cooperative Group said it will increase the volume of product it puts up for sale on the GlobalDairyTrade platform, suggesting prices may extend their decline in next ... More >>

Hallenstein lifts profit 40% as it claws back market share

Friday, 27 March 2015, 12:10 pm | BusinessDesk

March 27 (BusinessDesk) - Hallenstein Glasson, the fast-fashion clothing chain, lifted first-half profit 40 percent, beating its guidance, as it clawed back market share in a competitive retail environment. More >>

Kordia steps up offerings for ME market

Friday, 27 March 2015, 11:55 am | Kordia

Today (March 27) Kordia NZ announces a new partnership with Vadacom to deliver a cloud-based PBX solution with lines and calling bundled together in one bill. More >>

GIC-Goodman Property JV to extend Auckland CBD footprint

Friday, 27 March 2015, 11:41 am | BusinessDesk

March 27 (BusinessDesk) - Wynyard Precinct Holdings, a joint venture between Goodman Property Trust and Singapore government-owned GIC, has agreed to buy an office tower in Auckland's Wynyard Quarter from Fletcher Building for $86.2 million. More >>

Harcourts Foundation achieves $3 Million milestone

Friday, 27 March 2015, 11:38 am | Harcourts

The charitable arm of Harcourts real estate group, The Harcourts Foundation has surpassed $3 million in funds raised to support local non-profit community groups. More >>

Orora workers to take industrial action from Monday

Friday, 27 March 2015, 11:11 am | EPMU

240 workers at Orora Kiwi Packaging in Auckland, Hastings and Christchurch will begin a two-week overtime ban on Monday, after mediation with their employer did not resolve their bargaining issues yesterday. More >>

RESEND: NZX launches three new ETFs

Friday, 27 March 2015, 11:01 am | BusinessDesk

March 27 (BusinessDesk) - NZX's Smartshares unit, which is being combined with new acquisition Superlife this year, is launching three more exchange traded funds, giving investors exposure to Australia's resource and financial sector and dividend-paying ... More >>

GMT Viaduct Joint Venture Makes Strategic Acquisition

Friday, 27 March 2015, 10:45 am | NZX

Goodman (NZ) Limited, the Manager of Goodman Property Trust (“Trust” or “GMT”), has announced that Wynyard Precinct Holdings Limited1 has conditionally agreed to acquire the new office building being developed for Datacom in Auckland’s Viaduct ... More >>

Mackenzie Country Station Wins Supreme

Friday, 27 March 2015, 10:28 am | Farm Environment Trust

Omarama high-country farmers Richard and Annabelle Subtil are the Supreme Winners of the 2015 Canterbury Ballance Farm Environment Awards (BFEA). More >>

Commerce Commission draft determination on scouring merger

Friday, 27 March 2015, 10:26 am | Cavalier Corporation

The Commerce Commission yesterday issued its draft determination, approving the merger of the scouring assets of 50%-owned Cavalier Wool Holdings Ltd (CWH) and New Zealand Wool Services International Ltd (NZWSI). More >>

West Coasters spend up large on travel

Friday, 27 March 2015, 10:14 am | Automobile Association

Aucklanders travel throughout New Zealand the most, but their cousins in the West Coast are the biggest spenders according to recent AA Traveller research . Residents on the West Coast spend almost $3000 every year on domestic travel, double that of ... More >>

NZX launches three new ETFs

Friday, 27 March 2015, 9:53 am | BusinessDesk

March 27 (BusinessDesk) - NZX's Smartshares unit, which is being combined with new acquisition Superlife next year, is launching three more exchange traded funds, giving investors exposure to Australia's resource and financial sector and dividend-paying ... More >>

NZ dollar reverses overnight gain on weaker dairy futures

Friday, 27 March 2015, 9:06 am | BusinessDesk

March 27 (BusinessDesk) - The New Zealand dollar fell as dairy futures weakened, raising concern about the outlook for the country's largest export commodity. More >>

While you were sleeping: Middle East concern lifts oil

Friday, 27 March 2015, 7:53 am | BusinessDesk

March 27(BusinessDesk) - Oil rose while stocks fluctuated after Saudi Arabia and its Arab Gulf allies began air strikes on Yemen, bolstering concern about disruption of supply. More >>

Trading update: SeaDragon FY 2015 sales to double

Thursday, 26 March 2015, 7:04 pm | SeaDragon

Additional Squalene supply agreements to underpin the trading performance of SeaDragon’s existing operations in FY 2016 as its Omega 3 fish oil refinery moves to completion, preparing the company for a new growth phase. More >>

ComCom likely to allow Cavalier, NZ Wool Services merger

Thursday, 26 March 2015, 6:01 pm | BusinessDesk

March 26 (BusinessDesk) - The Commerce Commission is likely to allow Cavalier Wool Holdings and New Zealand Wool Services International to merge their two wool scouring operations, which would ultimately make a monopoly of wool scouring services in New ... More >>

MARKET CLOSE: NZ shares fall, paced by Fletcher, Fonterra

Thursday, 26 March 2015, 5:53 pm | BusinessDesk

March 26 (BusinessDesk) - New Zealand shares fell, paced by Fletcher Building and Air New Zealand, as a global sell off weighed on local stocks. Fonterra Shareholders' Fund extended yesterday's decline after the dairy giant lowered its dividend forecast. More >>

NZ dollar extends slide against euro as Yellen awaited

Thursday, 26 March 2015, 5:33 pm | BusinessDesk

March 26 (BusinessDesk) - The New Zealand dollar extended its slide against the euro after a stronger-than-expected survey of German business confidence left traders short of the European common currency. More >>

Virgin Australia Provides Ten Extra Flights for CWC Final

Thursday, 26 March 2015, 5:28 pm | Virgin Australia

Virgin Australia is pleased to offer ten extra trans-Tasman flights to meet the increased demand between New Zealand and Melbourne for the Cricket World Cup final. The extra flights depart from Auckland and Christchurch and are on sale now for Black Caps ... More >>

Draft determination on wool scouring assets application

Thursday, 26 March 2015, 5:21 pm | Commerce Commission

The Commerce Commission has reached a preliminary view that it should allow Cavalier Wool Holdings to acquire 100 per cent of New Zealand Wool Services International's wool scouring business and assets. More >>

New research shows tourism industry in hearty state

Thursday, 26 March 2015, 5:14 pm | Tourism Industry Association

New Zealand’s tourism industry is in a strong position to take advantage of growth opportunities, according to the State of the Tourism Industry 2014, released today by the Tourism Industry Association New Zealand (TIA) and Lincoln University. More >>

Clearer employment standards welcomed

Thursday, 26 March 2015, 5:12 pm | Business New Zealand

The Government will introduce an Employment Standards Bill to Parliament this year to clarify employers’ record-keeping requirements and introduce tougher penalties for breaching them. More >>

ARANZ Medical named 2015 Hi-Tech Awards finalist

Thursday, 26 March 2015, 5:01 pm | ARANZ Medical

CHRISTCHURCH, NZ., 26 March, 2015 - ARANZ Medical Ltd has been named a finalist in the 2015 New Zealand Hi-Tech Awards. The fast growing company which specializes in 3D scanning applications that transform clinical processes in wound care and orthotics/ ... More >>

Update: Hotchin settles with Perpetual before appeal

Thursday, 26 March 2015, 4:59 pm | BusinessDesk

March 26 (BusinessDesk) - Mark Hotchin, principal of failed finance company Hanover, has reached a confidential settlement with one of Hanover's trustees, Perpetual Trust, leaving only Guardian Trust as a party to his Supreme Court bid to have the trustees ... More >>

NZ Online Retail Sales: Monthly update & Q&A with Might Ape

Thursday, 26 March 2015, 4:14 pm | Bank of New Zealand

Key figures for February online retail sales • Total online retail spending was up 9% on February last year – a solid result, nearly back to double-digits. • Online purchases at domestic merchants in February were up 6% on the spending levels ... More >>

At last, ALL things Driven

Thursday, 26 March 2015, 4:06 pm | NZME.

In keeping with their multi-platform strategy NZME has today announced the launch of driven.co.nz , a new market-leading website that brings all things driven together in one place. More >>

Strong NZ Dollar Softens Woolprices

Thursday, 26 March 2015, 4:03 pm | Wool Services International

New Zealand Wool Services International Ltd’s Marketing Executive, Mr Paul Steel reports that the strengthening NZ dollar and completed shipping requirements, saw most types ease this week, with the finer crossbred wools impacted the most. The ... More >>

Magic Memories builds capacity for global success

Thursday, 26 March 2015, 4:02 pm | SweeneyVesty

[Auckland, NZ; 26 March 2015] Company to focus on market development, operations growth and further developing products and experiences. More >>

Awards’ Entries/Quality Continues Upswing

Thursday, 26 March 2015, 3:08 pm | Pride In Print

Entries to the Pride In Print Awards have reached their highest level in six years as confidence flows back into the New Zealand print and packaging industries. More >>

NZX plans to launch equity options trading on April 24

Thursday, 26 March 2015, 2:12 pm | BusinessDesk

March 26 (BusinessDesk) - NZX, which operates New Zealand's stock market, plans to start offering equity options trading in three stocks as it seeks to develop the nation's capital markets. More >>

NZ commercial property lending less risky now: RBNZ

Thursday, 26 March 2015, 1:48 pm | BusinessDesk

March 26 (BusinessDesk) - The Reserve Bank said New Zealand’s $180 billion commercial property sector has become less risky since the global financial crisis because a reduced amount of debt is being used to fund new developments and purchases. More >>

Holiday Parks for Successful Events & Conferences

Thursday, 26 March 2015, 1:31 pm | Holiday Accommodation Parks Assn of NZ

Taking a break from business as usual to meet with fellow colleagues is a great way to share knowledge, inspire ideas and develop working relationships. The success of conferences and other such events, however, relies heavily on the setting. Bundled ... More >>

International passenger numbers grow at Christchurch Airport

Thursday, 26 March 2015, 1:22 pm | Christchurch Airport

New statistics show a 15 per cent increase in international passenger numbers at Christchurch Airport over the past month. International passenger numbers into Christchurch grew at twice last month’s national growth of 7.6 per cent, including growth across ... More >>

Feedback will help refine crude proposal

Thursday, 26 March 2015, 1:10 pm | Refining NZ

Public feedback on Refining NZ’s proposal to bring bigger crude oil cargoes to Marsden Point has set the stage for a series of expert studies of the harbour and any potential impacts of the proposal. More >>

SeaDragon signs new agreements for shark liver oil

Thursday, 26 March 2015, 1:07 pm | BusinessDesk

March 26 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, has terminated a contract with a charter vessel that supplied deep-sea shark liver oil and signed two new supply agreements, highlighting the challenge of ensuring ... More >>

 

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