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Latest Business Headlines

Westland values are alive and well

Sunday, 20 April 2014, 10:52 am | Westland Milk Products

The severity of the storm on the South Island’s West Coast is becoming clearer as communication is restored, Westland Milk Products says, and the dairy company is advising its farmers and staff to make sure they’re taking a break and support ... More >>

Tankers getting through in spite of storm

Friday, 18 April 2014, 11:38 am | Westland Milk Products

MEDIA RELEASE – 18 April 2014 Tankers getting through in spite of storm Widespread power outages, slips and tree falls across roads as a result of the severe storm in the last 24 hours are inhibiting communication with Westland Milk Products’ ... More >>

Aquaculture New Zealand welcomes Supreme Court decision

Friday, 18 April 2014, 11:23 am | Aquaculture New Zealand

Aquaculture New Zealand welcomes Supreme Court decision Aquaculture New Zealand has welcomed the long awaited Supreme Court decision clearing the way for three new salmon farms in the Marlborough Sounds. More >>

Fair tax for KiwiSaver funds a key election issue

Thursday, 17 April 2014, 5:38 pm | Financial Services Council

In this election year the parties need to say how they will reduce the unfair over-taxation of KiwiSaver funds that prevents most New Zealand employees from achieving a comfortable retirement. More >>

MARKET CLOSE NZ shares up, Genesis debut sparks energy rally

Thursday, 17 April 2014, 5:37 pm | BusinessDesk

MARKET CLOSE NZ shares rise as Genesis debut sparks energy rally; Meridian, MRP, Contact gain More >>

Supreme Court decision protects ‘outstanding landscapes'

Thursday, 17 April 2014, 5:20 pm | BusinessDesk

April 17 (BusinessDesk) – The Supreme Court has upheld resource consents for three salmon farms to be developed in the Marlborough Sounds by the King Salmon company, but in an important win for the protection of “outstanding landscapes”, it has ... More >>

NZ dollar heads for 0.8% weekly fall before RBNZ rate review

Thursday, 17 April 2014, 5:03 pm | BusinessDesk

April 17 (BusinessDesk) - The New Zealand dollar is heading for a 0.8 percent fall in a shortened week ahead of the Reserve Bank’s rate review next Thursday. More >>

New Appointment - Heritage Christchurch Resident Manager

Thursday, 17 April 2014, 4:53 pm | Heritage Hotels

Heritage Hotel Management is pleased to announce the appointment of Ms Ana Vivas as the new resident manager of Heritage Christchurch. More >>

Air NZ says claims withdrawn as other airlines settle in Oz

Thursday, 17 April 2014, 4:50 pm | BusinessDesk

Air New Zealand says claims withdrawn as other airlines settle over cargo cartel, seeks costs More >>

US Airways Twitter Scandal: Whoops, sorry about that

Thursday, 17 April 2014, 4:43 pm | Mosh Social Media

Jenny Rudd, Head of Content at MOSH, New Zealand's leading social media agency comments on the pressure to be perfect for social media community managers following the pornographic image posted on the US Airways Twitter feed. More >>

Creamy tasting dairy-free chocolate arrives

Thursday, 17 April 2014, 4:31 pm | British High Commission

Dairy-free chocolate from UK company Moo Free is now available in New Zealand. With dairy being one of the most common food allergies in New Zealand, the introduction of a great tasting dairy free chocolate will be exciting news for many households. More >>

Scope for greater use of business coaches in New Zealand

Thursday, 17 April 2014, 4:21 pm | Durning PR

New Zealand business owners and senior management are among the heaviest users of business coaches in the world but there is still scope for greater involvement, according to Pam Newlove, Chair of Grant Thornton New Zealand Limited. The latest Grant Thornton ... More >>

Northpower – Easter storm ... Update 5

Thursday, 17 April 2014, 4:18 pm | Northpower

Northpower has restored power to thousands of customers impacted by today’s storm. Only 184 of Northpower’s 55,000 customers remain without power. More >>

AMP Capital selling kiwi dollar in expectation of decline

Thursday, 17 April 2014, 3:25 pm | BusinessDesk

April 17 (BusinessDesk) - AMP Capital New Zealand, which manages more than $18 billion of assets, anticipates the kiwi dollar will start falling, and has started reducing its holdings in the local currency. More >>

BNZ’s new CEO Healy expects benefit from expanding economy

Thursday, 17 April 2014, 3:08 pm | BusinessDesk

April 17 (BusinessDesk) - Bank of New Zealand’s incoming chief executive Anthony Healy expects the lender to benefit from the nation’s burgeoning economy as he targets investment in higher growth areas such as agri-business. More >>

The Terrace Project: An Update

Thursday, 17 April 2014, 2:58 pm | The Terrace

The Terrace project in the heart of the CBD of Christchurch is a major undertaking for Hereford Holdings and Antony Gough. More >>

Genesis Energy soars on debut, other gen-taliers rise

Thursday, 17 April 2014, 2:41 pm | BusinessDesk

April 17 (BusinessDesk) – Shares in the partially privatised Genesis Energy soared 18 percent at their debut listing on the NZX this afternoon, buoying other listed energy companies in the process. More >>

Wynyard Group Share Purchase Plan

Thursday, 17 April 2014, 2:28 pm | Wynyard Group

Wynyard Group Limited (Wynyard, NZX:WYN) announces the successful completion of its Share Purchase Plan, which opened on 31 March 2014 and closed on 16 April 2014 (SPP). More >>

High-Performing Sheep Operation Wins Award

Thursday, 17 April 2014, 2:16 pm | Ballance New Zealand Farm Environment Award Trust

Kaituna sheep and beef farmers Matt and Lynley Wyeth are Supreme winners of the 2014 Greater Wellington Ballance Farm Environment Awards. More >>

‘Chipper’ kiwis push up consumer confidence in April

Thursday, 17 April 2014, 1:47 pm | BusinessDesk

April 17 (BusinessDesk) - New Zealand consumer confidence rose in April as kiwis became more confidence about their own financial position, giving them greater enthusiasm for buying major household items. More >>

Finalists Announced for the 2014 Music Managers Awards

Thursday, 17 April 2014, 1:14 pm | MMF

The MMF New Zealand, Recorded Music New Zealand and the New Zealand Music Commission are proud to announce the finalists for the 2014 Music Managers Awards. More >>

MasterCard to Acquire Pinpoint

Thursday, 17 April 2014, 1:12 pm | Mastercard

New Zealand, 17 April 2014 – MasterCard (NYSE: MA) today announced that it has entered into an agreement to acquire Pinpoint Pty. Ltd. (“Pinpoint”), a leading provider of loyalty and rewards services to financial institutions across the Asia ... More >>

Hop into Easter by Avoiding the Scammers

Thursday, 17 April 2014, 1:09 pm | AVG

AVG’s tips to help you spend happy time with your family over Easter, rather than removing malware from your online devices AUCKLAND, NEW ZEALAND – 17 April 2014 – While most of us are thinking about chocolate at this time of year, others are ... More >>

Genesis shares stag 17% at listing, first trade at $1.81

Thursday, 17 April 2014, 1:04 pm | BusinessDesk

April 17 (BusinessDesk) – Shares in the partially privatised Genesis Energy debuted on the NZX this afternoon, rising 26 cents, or 17 percent, from their $1.55 issue price, to $1.81 in the first minutes of trading. More >>

Wellington’s biggest property competition

Thursday, 17 April 2014, 1:01 pm | Nouvo

Rachel Smart has pocketed $20 000 in prizes as part of one of Wellington’s biggest property competitions. Ms Smart received a $12 000 discount off a Nouvo home and a $5 000 interior design package. More >>

Dick Smith slows NZ sales decline in Q3

Thursday, 17 April 2014, 1:00 pm | BusinessDesk

April 17 (BusinessDesk) – Dick Smith Holdings, the electronics retailer that went public last December, says it slowed the rate of sales decline at its New Zealand stores after shifting some support functions to Australia and outsourcing deliveries. More >>

Electricity industry invited to 'invest for tomorrow'

Thursday, 17 April 2014, 12:56 pm | Electricity Engineers Association

New Zealand's electricity supply industry gathers for their annual conference 18-20 June at Skycity Auckland, with the theme; People process and plant – invest for tomorrow'. More >>

Labour to double depreciation rate in targeted industries

Thursday, 17 April 2014, 12:55 pm | BusinessDesk

April 17 (BusinessDesk) – The major new element in the Labour Party’s manufacturing policy, announced today, assumes depreciation rates for assets in each affected industry would double, a party spokesman says. More >>

Thrifty secures government rental car contract

Thursday, 17 April 2014, 12:41 pm | Thrifty

Thrifty Car Rental has won a key government contract to provide vehicle rentals to all New Zealand government agencies. The tender was granted by the Ministry of Business, Innovation and Employment (MBIE) and is the first “All-of-Government” agreement ... More >>

Free tips on long term success for innovative local business

Thursday, 17 April 2014, 12:27 pm | James and Wells

Kiwis are known for their can-do attitude and clever ideas, but how many actually make it to market and provide the innovative thinker with the business of a lifetime? More >>

Mixed feelings about Council's Progress

Thursday, 17 April 2014, 12:27 pm | Wellington Employers' Chamber of Commerce

Chamber pleased with Council’s progress, but disappointed about 2.49% rates increase and living wage Wellington City Council’s decision to increase rates is disappointing says Wellington Employers’ Chamber of Commerce Chief Executive Raewyn Bleakley. ... More >>

Labour’s manufacturing policy a good contribution

Thursday, 17 April 2014, 11:47 am | Business NZ

ManufacturingNZ Executive Director Catherine Beard says Kiwi manufacturers will welcome some of the ideas in Labour’s manufacturing policy announced today, however some areas need more work. More >>

RBNZ Observer: Another 25bp hike expected next week

Thursday, 17 April 2014, 11:33 am | HSBC Bank

The RBNZ became the first developed world central bank to hike rates this cycle, in March, raising its cash rate by 25bp to 2.75%. We expect the RBNZ to follow through with a further 25bp rate hike next week, as New Zealand’s economy remains on track ... More >>

Ardbeg distillery launches 2014 limited edition

Thursday, 17 April 2014, 11:24 am | Ardbeg

Ardbeg, four-time winner of the World’s Best Scotch Whisky award, will launch its highly anticipated Limited Edition, Ardbeg Auriverdes on Ardbeg Day at their latest Ardbeg Embassy opening, Regional Wines & Spirits in Wellington. More >>

BNZ names Anthony Healy as new CEO, replacing Thorburn

Thursday, 17 April 2014, 11:07 am | BusinessDesk

April 17 (BusinessDesk) – Bank of New Zealand, the local unit of Australia’s third-biggest mortgage lender, named the head of its business bank, Anthony Healy, as its new chief executive. More >>

Mighty River Power: Quarterly Operational Update, March 2014

Thursday, 17 April 2014, 11:03 am | Mighty River Power

Mighty River Power’s geothermal production was its highest ever in the period at 682GWh, an increase of 179GWh (or 36%) on the prior comparable period (pcp) – making up 45% of Mighty River Power’s total generation. More >>

Anthony Healy appointed to lead Bank of New Zealand

Thursday, 17 April 2014, 10:47 am | BNZ

BNZ chairman John Waller announced today that Anthony Healy had been appointed managing director and chief executive officer of BNZ, effective from 12 May, 2014. More >>

Air NZ Cargo ExportNZ Auckland Award finalists announced

Thursday, 17 April 2014, 10:46 am | ExportNZ

New Zealand’s reputation as a land of milk and honey lifestyle is underpinned by an increasing range of eclectic high value businesses epitomized by the finalists in the 2014 Air New Zealand Cargo ExportNZ Awards Auckland. More >>

New Māori rep for Bay of Connections

Thursday, 17 April 2014, 10:41 am | Shine PR

New Māori rep for Bay of Connections The Bay of Connections has appointed Dr Riri Ellis as the new Māori Representative on its Governance Group. Dr Ellis joins Anthony Olsen on the group as its second Māori Business Representative. She is currently ... More >>

UnisonFibre and Telecom Join Forces

Thursday, 17 April 2014, 10:29 am | unisonfibre

Thursday 17th April 2014 - UnisonFibre has today confirmed the signing of an agreement with Telecom New Zealand that will support the growing use of fibre for education and business benefits across the Hawkes Bay, Rotorua and Taupo regions. Telecom will ... More >>

A million eyes Telecom’s internet television service

Thursday, 17 April 2014, 10:24 am | Horizon Research Limited

Telecom might have a market of more than a million New Zealand adults interested in using its internet television service if the content and price are affordable. More >>

Depreciation, buy Kiwi-made in Labour manufacturing policy

Thursday, 17 April 2014, 10:14 am | BusinessDesk

April 17 (BusinessDesk) – The Labour Party has unveiled its pitch to the manufacturing sector, adding accelerated depreciation for advanced manufacturing and promising to target more government procurement from local firms. More >>

NZ dollar drops to 5-wk low vs. pound after upbeat UK jobs

Thursday, 17 April 2014, 9:11 am | BusinessDesk

April 17 (BusinessDesk) – The New Zealand dollar dropped to a five-week low against the British pound after UK unemployment fell more than expected and wage growth accelerated, turning investor attention to the possibility of higher interest rates. More >>

KiwiSaver tax rates need fixing, world’s ‘most punitive’

Thursday, 17 April 2014, 8:00 am | BusinessDesk

April 17 (BusinessDesk) – New Zealand’s tax system heavily penalises KiwiSaver while offering massive tax breaks to property investors and needs to change, says savings lobbyist the Financial Services Council. More >>

While you were sleeping: Yellen shows support

Thursday, 17 April 2014, 7:25 am | BusinessDesk

April 17 (BusinessDesk) – Wall Street rose after US Federal Reserve Chairman Janet Yellen reassured investors that the central bank will continue with its easy money policy to bolster the US economic recovery. More >>

Mediaworks Appoints Head of Corporate Communications

Wednesday, 16 April 2014, 5:33 pm | Mediaworks

MediaWorks has appointed Rachel Lorimer to the newly created role of Group Head of Corporate Communications. Lorimer will oversee external communications, corporate affairs and internal communications for the Group, which includes TV3 and FOUR, radio ... More >>

MARKET CLOSE: NZ shares gain on global rally; Diligent rises

Wednesday, 16 April 2014, 5:33 pm | BusinessDesk

April 16 (BusinessDesk) - New Zealand stocks joined a global rally as US company earnings growth lifted sentiment for equity markets. Diligent Board Member Services led the benchmark index higher after reporting first-quarter sales growth. Pacific ... More >>

MediaWorks Appoints Head of Corporate Communications

Wednesday, 16 April 2014, 5:21 pm | Mediaworks

MediaWorks has appointed Rachel Lorimer to the newly created role of Group Head of Corporate Communications. More >>

New Zealand Shut for Easter

Wednesday, 16 April 2014, 5:20 pm | Hospitality New Zealand

A national survey this week of Hospitality establishments shows that just over half are planning to close on Good Friday and over a third plan to close on Easter Sunday. More >>

New Safety Service for travellers in New Zealand

Wednesday, 16 April 2014, 5:15 pm | TravelsafeNZ

A new Safety Service for Domestic and International travellers to New Zealand will now be available at the touch of a screen. More >>

Franchising Sentiment Shows Continued Optimism

Wednesday, 16 April 2014, 5:04 pm | Franchize Consultants

The Franchize Consultants’ April 2014 Franchising Confidence Index demonstrates a further increase in a general trend towards improved confidence across overall sector growth drivers. More >>

NZ dollar falls to nine-day low after CPI misses estimates

Wednesday, 16 April 2014, 5:02 pm | BusinessDesk

April 16 (BusinessDesk) - The New Zealand dollar dropped to a nine-day low after slower than expected inflation raised questions over the track of rising local interest rates. More >>

Overcoming distance to improve productivity

Wednesday, 16 April 2014, 4:58 pm | BusinessNZ

New Zealand’s productivity paradox shows more work is needed to overcome our key disadvantages, says BusinessNZ. New research by the Productivity Commission reveals the paradox that New Zealand’s reasonably robust policy settings should mean productivity ... More >>

Waikato HomeXPO a Win Win for Home Owners and Businesses

Wednesday, 16 April 2014, 4:49 pm | Waikato HomeXPO

Thousands of home owners were treated to a fantastic array of inspiration, innovation and renovation ideas and products at the three day Waikato HomeXPO. More than 11,000 visitors to the second boutique HomeXPO, part of the revamped New Waikato Show held ... More >>

Call for Formal Review of Christchurch Draft District Plan

Wednesday, 16 April 2014, 4:20 pm | Property Council Of New Zealand

Property Council has grave concerns for the future of Christchurch as Christchurch City Council reviews its District Plan. More >>

Ambitious Project to Reimagine Hotel Food

Wednesday, 16 April 2014, 4:18 pm | Heritage Hotels

Food-lovers everywhere are placing greater importance on locally sourced, sustainable ingredients. The raw food movement is sweeping the world. In New Zealand Heritage Hotels are increasingly choosing to buy fresh produce in season. Combine these major ... More >>

Imarda launches its global expansion

Wednesday, 16 April 2014, 4:11 pm | Imarda

The location based fleet-management specialists Imarda Ltd have today embarked on the global expansion phase of their i360 platform, releasing the details of their first Franchisee Partnership with Imarda SA Technologies (Pty) Ltd – formerly Telematics ... More >>

Commission urges businesses to know Easter laws

Wednesday, 16 April 2014, 3:56 pm | Commerce Commission

Easter Saturday and Sunday are not public holidays, casual staff may not be covered under the Holidays Act and businesses must not mislead customers when applying a surcharge. More >>

New Zealand Law Society elects new Vice-President

Wednesday, 16 April 2014, 3:38 pm | New Zealand Law Society

The New Zealand Law Society’s Council has elected Wellington lawyer Mark Wilton as its Vice-President (Wellington). More >>

Help your family make the right funeral choices

Wednesday, 16 April 2014, 3:37 pm | AA Insurance

Rising funeral costs can mean families are unable to provide the send-off they’d like for their loved ones. More >>

 

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