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Latest Business Headlines

Law Society’s Gender Equality Charter

Saturday, 17 November 2018, 6:30 pm | New Zealand Law Society

Law Society’s Gender Equality Charter hits 100 signatories The New Zealand Law Society’s Gender Equality Charter has now been adopted by 100 legal workplaces across the country. More >>

New Zealand’s Safest Place to Work 2018 Announced

Saturday, 17 November 2018, 1:20 pm | Safe 365

North Island based construction company Turfey has been announced New Zealand’s Safest Place to Work for 2018 at the Safest Place to Work Awards sponsored by Trade Me Jobs. More >>

Kiwi wineries take out top honours

Saturday, 17 November 2018, 11:15 am | Sydney International Wine Competition

Kiwi wineries take out top honours in the 39th Sydney International Wine Competition 16 November 2018: New Zealand wineries once again showed their power in the international market, taking out the honours for most successful winery and the two most successful ... More >>

Directors cite tight labour market as biggest impediment

Saturday, 17 November 2018, 10:56 am | Institute Of Directors

Directors cite tight labour market as biggest impediment to NZ’s economic performance; confidence wanes More >>

Waitomo pumps Kiwi petrol price down below $2

Friday, 16 November 2018, 8:57 pm | Waitomo Group

Hamilton-based fuel supplier Waitomo Group has dropped its fuel prices not just for a day but for all of next week, with Unleaded 91 petrol now less than $2 a litre. More >>

MARKET CLOSE: NZ stocks fall on renewed Brexit uncertainty

Friday, 16 November 2018, 8:55 pm | BusinessDesk

Nov. 16 (BusinessDesk) - New Zealand shares fell as Brexit worries and a lack of earnings news let investors with a lack of direction. Three top-50 stocks also went ex-dividend today. More >>

NZ dollar heads for 1.3% weekly gain

Friday, 16 November 2018, 8:17 pm | BusinessDesk

NZ dollar heads for 1.3% weekly gain as investors wind back expectations of further weakness More >>

NZSA pans Kathmandu's lack of disclosure on directors' fees

Friday, 16 November 2018, 7:40 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Outdoor clothing and equipment retailer Kathmandu Holdings’ proposal to hike its directors’ fee pool by 25 percent has drawn the ire of the New Zealand Shareholders’ Association. More >>

Refining NZ eyes low-carbon opportunities

Friday, 16 November 2018, 7:39 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Refining NZ says it is reviewing its activities and potential opportunities to improve shareholder returns in the medium and long term. More >>

Mercury storage slides to two-year low

Friday, 16 November 2018, 7:38 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Hydro storage in Lake Taupo has fallen to a two-year low after unusually dry weather in the central North Island in recent weeks. More >>

NZSA says time's up for Keith Smith on Warehouse board

Friday, 16 November 2018, 4:56 pm | BusinessDesk

Nov. 16 (BusinessDesk) - The New Zealand Shareholders’ Association is suggesting that The Warehouse’s deputy chair Keith Smith may have passed his use-by date. More >>

Apple and Stonefruit industry member statement

Friday, 16 November 2018, 3:31 pm | Catalyst Communications

A meeting between representatives of MPI and the CPCNW plant facility has just concluded in Prosser, Washington, USA. More >>

Year-round promotions entrench NZ venison in Europe

Friday, 16 November 2018, 3:12 pm | Deer Industry NZ

The northern European autumn and winter ‘game season’ remains a key market for NZ venison, even with the industry’s success in building year-round venison demand in other markets. The region is also breaking with tradition and slowly developing ... More >>

Institute of Directors pays tribute to Sir John Anderson

Friday, 16 November 2018, 2:15 pm | Institute Of Directors

Friend and cricket colleague of Sir John Anderson, Institute of Directors Vice-Present Alan Isaac said today many people in New Zealand and Australia had benefited from the wisdom and counsel of the late Sir John Anderson. More >>

October manufacturing activity strongest since May

Friday, 16 November 2018, 2:03 pm | BusinessDesk

Nov. 16 (BusinessDesk) - New Zealand's manufacturing activity expanded in October to its highest level since May as production and new orders improved. More >>

Productive avocado orchard for sale

Friday, 16 November 2018, 1:30 pm | Bayleys

A medium sized and well-established avocado orchard in the heart of Whangarei’s foremost avocado growing district has been placed on the market for sale. More >>

Blis Technologies narrows 1H loss, upbeat about FY19

Friday, 16 November 2018, 1:28 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Blis Technologies narrowed its first-half loss and continues to expect a pre-tax profit for the full year as revenue ticks higher. More >>

Foley Family Wines migrates to NZX's main board

Friday, 16 November 2018, 12:48 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Foley Family Wines is biting the bullet early and moving from NZX's junior board to its main board from Dec. 3. More >>

Russell McVeagh wins New Zealand Deal of Year

Friday, 16 November 2018, 12:31 pm | Russell McVeagh

Leading law firm, Russell McVeagh, has been recognised at last night's 2018 New Zealand Law Awards, winning both International Deal of the Year and New Zealand Deal of the Year awards for the Lattice Energy acquisition by Beach Energy. More >>

NZ dollar rallies against British pound on Brexit turmoil

Friday, 16 November 2018, 12:28 pm | BusinessDesk

Nov. 16 (BusinessDesk) - The New Zealand dollar climbed against the British pound amid intensifying political turmoil in the UK over the government's Brexit plans. The kiwi also strengthened against the US currency. More >>

Craigs becomes NZX Wealth Technologies' first customer

Friday, 16 November 2018, 12:26 pm | BusinessDesk

Nov. 16 (BusinessDesk) - Craigs Investment Partners has become NZX’s first external customer for a new wealth technologies platform which offers a combined registry, administration and custodial service. More >>

Haka Tourism Group on a Roll

Friday, 16 November 2018, 11:41 am | Haka Tours

The Haka Tourism Group is delighted to announce our recent success at the Adventure Tourism Awards, held in Queensland Australia, on Wednesday 14th of November and the Auckland Business Awards on the same night. More >>

Chapman Tripp Wins Big at the New Zealand Law Awards

Friday, 16 November 2018, 11:20 am | Chapman Tripp

It was an evening to remember for Chapman Tripp and its clients at last night’s 2018 New Zealand Law Awards. More >>

Nowhere to run from hidden rental costs

Friday, 16 November 2018, 11:05 am | Pukeko Rental Managers

As of the 12th December 2018, the government are banning all letting fees. This is going to lead to a decrease in revenue for many property management companies and a need to minimize this deficit. This lost revenue will need to be recouped and if ... More >>

Solid returns expected for red meat sector in 2019

Friday, 16 November 2018, 10:30 am | Rabobank

While some downward pressure is expected on beef prices in next 12 months, sheepmeat pricing is anticipated to remain strong, signalling another year of solid returns for New Zealand’s red meat sector in 2019, according to a recently-released report ... More >>

SPADA Screen Industry Award 2018 Recipients Announced

Friday, 16 November 2018, 10:16 am | SPADA

The winners of three prestigious annual SPADA (Screen Production and Development Association) Screen Industry Awards for 2018 were announced at the 26th Annual SPADA Conference in Wellington on Thursday 15 November. More >>

Banking Ombudsman Scheme honours Sir John Anderson

Friday, 16 November 2018, 9:53 am | Banking Ombudsman

“We are very saddened to hear about the passing of Sir John Anderson” says Banking Ombudsman, Nicola Sladden. More >>

Hamilton home listings and sales escalate

Friday, 16 November 2018, 9:41 am | Lodge Real Estate

Over 410 homes were listed for sale in Hamilton on during October, representing a 13% increase on September 2018 listings and up 13% on October 2017. More >>

HiFX morning Update, November 16, 2018

Friday, 16 November 2018, 9:09 am | HiFX

The Kiwi opens at 0.6817 against the USD. More >>

Te Wera forest agreements secures growth for Taranaki

Friday, 16 November 2018, 8:51 am | China Forestry Group

China Forestry Group NZ (CFGNZ) is once again backing local wood processing with a ground-breaking agreement on harvesting and processing wood from Taranaki’s largest forest. More >>

High-Flying Year for Electric Kiwi

Friday, 16 November 2018, 8:44 am | Electric Kiwi

Electric Kiwi has come a long way fast since three school friends started the company four years ago. More >>

Forkhoist accident costs company $272,000

Thursday, 15 November 2018, 10:03 pm | Employers Assistance Ltd

An Auckland based transport & logistics company have been fined $272,000 by WorkSafe NZ following a workplace accident with a forkhoist. More >>

Winners announced in the 13th Plain English Awards

Thursday, 15 November 2018, 9:46 pm | Plain English Awards

Winners in the 13th annual Plain English Awards were announced at a ceremony in Wellington this evening. Wellington Mayor Justin Lester gave an opening address to a full house of finalists from throughout New Zealand, gathered at the City Gallery Wellington. More >>

Scott Forrest scales new heights

Thursday, 15 November 2018, 9:35 pm | Husqvarna

Scott Forrest scales new heights – winning New Zealand’s best tree climber for the fifth time New Zealand arborist, Husqvarna brand ambassador and H-team member Scott Forrest is reaching new heights after being named the nation’s best tree ... More >>

Budget Car Rental Goes Green to Get Gold

Thursday, 15 November 2018, 9:33 pm | Budget Car Rental New Zealand

New Zealand, November 15, 2018 – Budget Car Rental New Zealand has been awarded the Qualmark Gold Sustainable Tourism Business Award for its efforts in providing customers with more environmentally friendly travel options. More >>

CORRECT: MYOB celebrates accelerating growth

Thursday, 15 November 2018, 9:29 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Accounting software company MYOB is claiming market leadership in the Australian and New Zealand markets after adding 205,000 new subscribers in the 12 months ended September. More >>

Stalled upgrade to Singapore free trade deal

Thursday, 15 November 2018, 9:28 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Strained relations between New Zealand and Singapore appear to be mending with the announcement that a stalled upgrade to a free trade agreement between the two countries is going ahead. More >>

MYOB celebrates accelerating growth

Thursday, 15 November 2018, 9:25 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Accounting software company MYOB is claiming market leadership in the Australian and New Zealand markets after adding 205,000 new subscribers in the 12 months ended September. More >>

MARKET CLOSE: NZ stocks mixed as global worries weigh

Thursday, 15 November 2018, 9:24 pm | BusinessDesk

Nov. 15 (BusinessDesk) - New Zealand shares were mixed as weak international investor sentiment weighed on positive local earnings. More >>

Strong Aussie job growth sees NZ dollar ease

Thursday, 15 November 2018, 9:22 pm | BusinessDesk

Nov. 15 (BusinessDesk) - The New Zealand dollar eased against the Aussie dollar after Australia's unemployment rate remained at a six-year low in October but gained against the greenback as global risk appetite ticked higher after the draft Brexit deal. More >>

Kohatukai-1 to be plugged and abandoned - NZOG

Thursday, 15 November 2018, 7:36 pm | BusinessDesk

Nov. 15 (BusinessDesk) - New Zealand Oil & Gas says the Kohatukai-1 well it is a partner in will be plugged and abandoned after failing to deliver commercial volumes of gas. More >>

Economist Shaun Twaddle wins Emerging Director Award

Thursday, 15 November 2018, 7:12 pm | Institute Of Directors

Wellington economist Shaun Twaddle wins Emerging Director Award Economist Shaun Twaddle has won the Institute of Directors Wellington Branch Emerging Director Award 2019. IoD’s Wellington Branch members Dave Frow, Karen Coutts and Jackie Lloyd ... More >>

Winning business pushes the right buttons

Thursday, 15 November 2018, 5:21 pm | Auckland Business Chamber

Pushpay has won the Supreme Business Excellence Award at last night’s Westpac Auckland Business Awards 2018 – Central region. More >>

HiFX Weekly FX Technical Report

Thursday, 15 November 2018, 4:43 pm | HiFX

NZD/USD Last Price: 0.6789 Daily: /NZD prices continue to retrace prior/extended losses Weekly: Mkt attempting to bottom out either side of 0.6500 Support 1: 0.6595/05 Support2: 0.6500/10 Resistance1: 0.6850/60 Resistance2: 0.6925/35 More >>

UPDATE: KiwiRail gets $40M for Manawatu freight hub

Thursday, 15 November 2018, 4:26 pm | BusinessDesk

KiwiRail is accelerating work to relocate its Palmerston North operations out of the city as part of plans to develop a regional hub to better handle freight flows throughout the lower North Island. More >>

Safety gear must be fit for purpose

Thursday, 15 November 2018, 4:23 pm | WorkSafe NZ

Identifying a workplace risk, but not following up to ensure it is controlled is bad health and safety business practice according to WorkSafe. More >>

Auckland-Hamilton commuter rail service on the cards

Thursday, 15 November 2018, 4:14 pm | BusinessDesk

A daily commuter rail service between Auckland and Hamilton is a step closer following the release of a New Zealand Transport Agency business plan outlining a service that could start in election year. More >>

Government needs to rethink apprentice training support

Thursday, 15 November 2018, 4:10 pm | Motor Trade Association

The government needs to put trade training and tertiary education on the same footing if New Zealand is to ever grow its own trade-skilled workforce, says MTA (Motor Trade Association). More >>

FMA says incentives boost top bank sales staff earnings

Thursday, 15 November 2018, 4:08 pm | BusinessDesk

The highest amount a bank salesperson received on top of their salary as a result of incentive schemes, mostly linked to sales volumes, was $279,000 in the year ended March. More >>

B+LNZ calls for director nominations for Annual Meeting

Thursday, 15 November 2018, 4:07 pm | NZ Beef and Lamb

Beef + Lamb New Zealand (B+LNZ) today announced nominations have opened for two B+LNZ director roles and one position on its Directors’ Independent Remuneration Committee (DIRC). More >>

Sanford Focus on Value Helps Offset Climate Change Impact

Thursday, 15 November 2018, 3:46 pm | Sanford Limited

Sustainable seafood company, Sanford Limited (NZX:SAN) has today reported Net Profit After Tax (NPAT) of $42.3 million, an improvement of 12.9% on last year. Adjusted Earnings before Interest and Tax (Adjusted EBIT) increased 1.5% to $64.7million. ... More >>

First Gas plans two-day shut for Maui pipeline repair

Thursday, 15 November 2018, 3:42 pm | BusinessDesk

Nov. 15 (BusinessDesk) - First Gas is planning to shut part of the country’s biggest gas pipeline for two days to fix a damaged section near Whitecliffs, north of New Plymouth. More >>

EverEdge Global announces appointment of CIO, Francis Milner

Thursday, 15 November 2018, 3:31 pm | EverEdge Global Limited

EverEdge Global today announced the appointment of Francis Milner as Chief Investment Officer (CIO). The appointment comes on the back of the launch of the company’s new investment arm, EverEdge Capital , which Francis will spearhead. Paul Adams, ... More >>

Tahi Ngātahi enters the workplace

Thursday, 15 November 2018, 3:10 pm | Federated Farmers

Federated Farmers is pleased to see a new safety initiative made accessible for the wool industry workforce. More >>

Eco Subscription Box aims to make sustainable living easy

Thursday, 15 November 2018, 3:10 pm | Eco Collective

The Eco Collective is a new green subscription box aimed and making it easier for busy individuals and families to make their homes and lives more sustainable and less wasteful. More >>

Govt raids PGF for $40M top-up to rural broadband roll-out

Thursday, 15 November 2018, 3:04 pm | BusinessDesk

Nov. 15 (BusinessDesk) - The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that ... More >>

60 Years on And Wairakei Still a Thermal Success

Thursday, 15 November 2018, 2:42 pm | Contact Energy

Contact Energy is proud of the historic role the Wairakei Geothermal Power Station has played in pioneering geothermal generation, Contact’s CEO Dennis Barnes says. More >>

Mad Butcher sale solves immediate Veritas woes

Thursday, 15 November 2018, 2:40 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Veritas, the listed food and beverage company with the dubious honour of having bought Mad Butcher for $40 million and sold it for $8 million, has a healthier looking balance sheet, but is far from out of the woods yet. More >>

Sanford’s move up the value chain overcomes vicissitudes

Thursday, 15 November 2018, 2:15 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Sanford says annual earnings fell short of its expectations due to “challenging” climatic conditions leading to a decline in harvest volumes. More >>

Six Commitments to Improve Waterways

Thursday, 15 November 2018, 2:03 pm | Fonterra

One year on from the launch of an ambitious plan to help rebuild the health of New Zealand’s waterways, Fonterra is showing progress with more Sustainable Dairy Advisors on the ground and actions taking place across the country. More >>