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Latest Business Headlines

Agricultural Aviation Sector Ensures Professionalism

Monday, 24 September 2018, 1:33 pm | Agricultural Aviation Association

"The Aerial Agricultural industry takes a great deal of pride in the professionalism of our operators and pilots and we can assure the general public that agricultural pilots are extremely well trained in systems that ensure unwanted risks to people, ... More >>

New Zealand strawberries ripe and ready for eating

Monday, 24 September 2018, 1:13 pm | Horticulture NZ

There is no evidence to suggest any connection to New Zealand strawberries from a find of needles in Australian strawberries in an Auckland Countdown store on Saturday, says Strawberry Growers New Zealand Executive Manager Michael Ahern. More >>

Steel & Tube affirms guidance citing new contracts

Monday, 24 September 2018, 12:56 pm | BusinessDesk

Sept. 24 (BusinessDesk) - Steel & Tube Holdings has reaffirmed its full-year earnings guidance citing new customer contracts and progress with efforts to streamline its business and cut costs. More >>

Investors look for healthy returns

Monday, 24 September 2018, 12:38 pm | Bayleys

Two stand-alone suburban fruit and vegetable supermarkets in Auckland have been placed on the market for sale. More >>

Final Candidates for Fonterra Elections Announced

Monday, 24 September 2018, 12:21 pm | Fonterra

Following the completion of the Self Nomination Process for the 2018 Directors’ Election Process, there are five candidates standing for three places on the Fonterra Board in 2018. Peter McBride, Jamie Tuuta and Ashley Waugh were announced two weeks ... More >>

NZ dollar falls as investors eye Reserve Bank, Fed decisions

Monday, 24 September 2018, 12:18 pm | BusinessDesk

Sept. 24 (BusinessDesk) - The New Zealand dollar slid, stemming a five-day advance on increased risk appetite, as investors eyed central bank decisions on interest rates at home and the US later this week. More >>

Auckland CBD car parks provide a strategic investment

Monday, 24 September 2018, 12:17 pm | Bayleys

Two investment car park blocks, on long leases in Auckland’s central business district have been placed on the market for sale. More >>

Spark switches on new ‘Internet of Things’ network

Monday, 24 September 2018, 12:07 pm | Spark NZ

Spark has switched on its second Internet of Things (IoT) network, LTE Cat-M1 (M1), which will run over Spark’s 4G mobile network to provide quality, low bandwidth IoT connectivity and will deliver a new capability for New Zealand in IoT. More >>

Realforms New Zealand makes global real estate history

Monday, 24 September 2018, 11:56 am | Realforms

In a world first, New Zealand is leading the way as the first house sale and purchase agreement is finalised without ever touching pen to paper. More >>

Māori enterprise study identifies support gaps

Monday, 24 September 2018, 11:11 am | Massey University

Many Māori entrepreneurs are experiencing issues with accessing finance, tax compliance and managing debt and wealth, according to a new report that explores the financial capability of Māori entrepreneurs. More >>

A Steady Late-Winter Market

Monday, 24 September 2018, 10:54 am | REINZ

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 183 less lifestyle property sales (-9.7%) for the three months ended August 2018 than for the three months ended July 2018. Overall, there were 1,700 lifestyle ... More >>

Late Winter Suppresses the Market

Monday, 24 September 2018, 10:51 am | REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 12 more farm sales (+3.9%) for the three months ended August 2018 than for the three months ended August 2017. Overall, there were 323 farm sales in the three months ... More >>

Outstanding value sees ASB take out inaugural CanSaver Award

Monday, 24 September 2018, 10:37 am | ASB Bank

ASB has been recognised for its strong performance being named the winner of the inaugural 2018 Canstar Outstanding Value KiwiSaver Scheme of the year award. More >>

Storage units – out of sight shouldn’t be out of mind

Monday, 24 September 2018, 10:10 am | AA Insurance

Auckland – 24 September 2018 – One in five Kiwis with belongings kept in storage don’t know if they are insured. More >>

Vensa partners with Precision Driven Health

Monday, 24 September 2018, 10:07 am | Vensa Health

AUCKLAND, NZ, 24 September, 2018 – Vensa Health ( www.vensa.com ), a leading New Zealand digital health company, has joined forces with research initiative Precision Driven Health (PDH) to research and develop new technology which will focus on the ... More >>

Steel & Tube Reaffirms Fy19 Guidance

Monday, 24 September 2018, 9:12 am | Steel and Tube Holdings

Steel & Tube Holdings Limited (NZX: STU) has reaffirmed its FY19 guidance of $25 million in earnings before interest and tax (EBIT), on the back of the continuing positive progress being made under the company’s ‘Striving for Excellence’ ... More >>

Canstar unveils new KiwiSaver Award

Monday, 24 September 2018, 9:07 am | Canstar

More >>

HiFX morning Update, September 24 2018

Monday, 24 September 2018, 8:52 am | HiFX

The NZDUSD opens at lower at 0.6660 this morning. More >>

Media advisory re Australian strawberries

Sunday, 23 September 2018, 5:50 pm | Countdown Supermarket

23 September 2018 – Countdown has withdrawn a brand of Australian strawberries from sale as a precautionary measure, and is advising customers to cut up strawberries before consuming them. More >>

The Best in Design for 2018

Sunday, 23 September 2018, 11:32 am | Designers Institute of New Zealand

From a story of a goat that combats real-world bullying, to an exhibition questioning New Zealand’s national typeface, to an ‘iconic’ piece of infrastructure, to a calming and interactive experience at Starship Children’s Hospital, the best ... More >>

New Zealand Chinese Language Week kicks off today

Sunday, 23 September 2018, 11:28 am | NZ Chinese Language Week

New Zealand Chinese Language Week: 23 – 29 September 2018 New Zealand Chinese Language Week kicks off today – Sunday 23rd September, a Kiwi-led initiative that aims to promote the benefits and opportunities of learning more about Chinese language ... More >>

Would you like a serving of unethical business practice

Sunday, 23 September 2018, 11:25 am | First Union

Summer isn’t far off and the tomatoes are just about ripe for the picking for the BBQ season but... More >>

Air NZ kicks off filming its next, Kiwi-as safety video

Saturday, 22 September 2018, 10:51 am | Air New Zealand

Air New Zealand kicks off filming its next, Kiwi-as safety video with 500 strong cast of local talent More >>

“Give it a go” says winning Masterlink plumbing apprentice

Saturday, 22 September 2018, 1:08 am | Master Plumbers Gasfitters and Drainlayers NZ

[HAMILTON, 21 SEPTEMBER 2018] Masterlink apprentice Kaleb Reeve knew he wanted to take up a trade when he left school, and he’s pleased he chose plumbing. More >>

Warehouse risking its (red) shirt on 'every day low price'

Friday, 21 September 2018, 9:07 pm | BusinessDesk

Sept. 21 (BusinessDesk) - The “A” word lurks behind any conversation with The Warehouse Group - Amazon. More >>

NZ shares edge higher, boosted by tourism data, earnings

Friday, 21 September 2018, 9:06 pm | BusinessDesk

Sept. 21 (BusinessDesk) - New Zealand shares edged higher as strong tourism data boosted prospects for airports and attraction operators. A2 Milk rose for a third day ahead of the reweighting of FTSE indices that it will have a larger presence ... More >>

NZ dollar heads for 2.2% weekly gain

Friday, 21 September 2018, 8:21 pm | BusinessDesk

Sept. 21 (BusinessDesk) - The New Zealand dollar is headed for a 2.2 percent weekly gain against the greenback, boosted by strong domestic growth data and a lift in global risk appetite. More >>

Property for Industry bond to pay 4.25%

Friday, 21 September 2018, 6:02 pm | BusinessDesk

Sept. 21 (BusinessDesk) - Property for Industry has fully utilised an over-subscription facility to issue $100 million of seven-year bonds. More >>

New ticket option launched for F.A.W.C! Day Out

Friday, 21 September 2018, 4:39 pm | Hawke's Bay Tourism

A new ticket option has just been released for the highly anticipated event, F.A.W.C! Day Out on Saturday 3 November. More >>

Overseas investor rules cool house price expectations

Friday, 21 September 2018, 4:37 pm | BusinessDesk

Sept. 21 (BusinessDesk) - Expectations for house price gains appear to have cooled ahead of tighter restrictions on foreign investors buying residential properties, Colliers International says. More >>

Border Ops Association on Detector Dogs

Friday, 21 September 2018, 3:44 pm | Border Ops Association

A statement in response to recent media releases surrounding issues around the Auckland Detector Dog Program at Auckland Airport More >>

Statement of Preliminary Issues for Tennex/San-i-pak

Friday, 21 September 2018, 3:38 pm | Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to the proposed acquisition of the medical and quarantine waste collection and treatment assets of San-i-pak Limited (San-i-pak) by Tennex Capital Limited (Tennex). More >>

China steel trade subsidies subject of dispute with NZ

Friday, 21 September 2018, 3:16 pm | Building Industry Federation

Chinese subsidization of steel exports to New Zealand remains an issue to be resolved following a High Court ruling yesterday critical of advice provided by the Ministry of Business, Innovation and Employment to the former New Zealand Government. More >>

Annual migration slows as departures increase

Friday, 21 September 2018, 3:10 pm | BusinessDesk

Sept. 21 (BusinessDesk) - New Zealand's annual net migration continues to weaken from its peak last year as more people leave our shores. More >>

Boost to listed property sector likely

Friday, 21 September 2018, 2:52 pm | BusinessDesk

Sept. 21 (BusinessDesk) - The potential implications from Tax Working Group’s interim report, released yesterday, are positively balanced for the listed property sector, Forsyth Barr analysts Hayden Strickett and Jeremy Simpson suggest. More >>

Complacency over chemical use leaves worker without an eye

Friday, 21 September 2018, 2:23 pm | WorkSafe NZ

A worker had to have his eye removed after an incident involving a corrosive cleaning product at a Tauranga Mussel Processing plant. More >>

Net migration eases back towards 2015 level

Friday, 21 September 2018, 1:56 pm | Statistics New Zealand

Annual net migration was down 8,800 (to 63,300) in the August 2018 year when compared with the August 2017 year, Stats NZ said today. More >>

Thousands of New Trees Planted to Help Prevent Power Outages

Friday, 21 September 2018, 1:51 pm | Vector Limited

Thousands of New Trees Planted to Help Prevent Power Outages Auckland energy company Vector today launched a new programme to raise awareness of the need to keep trees well clear from power lines, by planting thousands more of them to launch the initiative. ... More >>

Warehouse earnings fall 13% in year of 'significant change'

Friday, 21 September 2018, 1:36 pm | BusinessDesk

Sept. 21 (BusinessDesk) - Warehouse Group said its annual earnings fell 13 percent in a period of "significant change" for the business. The shares opened higher as the result was in line with guidance. More >>

Second CBL subsidiary sold

Friday, 21 September 2018, 1:34 pm | BusinessDesk

Sept. 21 (BusinessDesk) - The administrators of insurer CBL Corp have sold a second of the firm’s international subsidiaries. More >>

Auckland Airport plans to raise up to $175M in bond sale

Friday, 21 September 2018, 1:23 pm | BusinessDesk

Sept. 21 (BusinessDesk) - Auckland International Airport plans to sell up to $175 million of six-year fixed-rate bonds to institutional and retail investors as it seeks to help fund its biggest ever infrastructure spending programme. More >>

Visitor numbers boosted by Asia-Pacific region

Friday, 21 September 2018, 1:08 pm | Statistics New Zealand

Visitor numbers for August 2018 were up 5.4 percent from August 2017, Stats NZ said today. More >>

Michael Hill names new CEO

Friday, 21 September 2018, 12:44 pm | BusinessDesk

Sept. 21 (BusinessDesk) - Michael Hill International has named the head of Specialty Fashion Group as its new chief executive. More >>

Traditional Chinese takeaway an institution

Friday, 21 September 2018, 12:28 pm | Boyd PR

Nestled amongst Herne Bay’s up market restaurants and cafes, Golden Bridge is a traditional hole-in-the-wall Chinese takeaway with a dedicated following 25 years in the making. More >>

House price expectations dip but remain positive overall

Friday, 21 September 2018, 12:25 pm | Colliers International

Median house price rise expectations have dipped ahead of the Overseas Investment Amendment Act coming into force next month, the latest Colliers International survey shows. More >>

DHL Express announces its 2019 price adjustments

Friday, 21 September 2018, 12:14 pm | DHL

Auckland, New Zealand, September 21, 2018: DHL Express, the world’s leading international express services provider, today announced its annual price increase, effective January 1, 2019. Compared to 2018, in New Zealand the average shipment price increase will ... More >>

NZ dollar rises on outlook for economy

Friday, 21 September 2018, 12:11 pm | BusinessDesk

Sept. 21 (BusinessDesk) - The New Zealand dollar rose for a seventh straight session on better-than-expected domestic economic growth, while a report that China is set to cut tariff rates on imports from the majority of its trading partners as soon ... More >>

Housing, inequality main concerns among NZ directors

Friday, 21 September 2018, 11:43 am | BusinessDesk

Sept. 21 (BusinessDesk) - Inadequate housing and a growing tide of inequality are top of mind for directors both at home and abroad, a Global Network of Director Institutes survey shows. More >>

Regional Tourism marketing boards unite on strategies

Friday, 21 September 2018, 11:41 am | Joint Press Release

Regional Tourism Organisations (RTO’s) Destination Queenstown and Lake Wanaka Tourism have announced a move to collaborate on long-term destination strategies for the region. More >>

29% Of Business Leaders Dissatisfied with Government Support

Friday, 21 September 2018, 11:24 am | Beyond Recruitment

An increasing number of New Zealand business leaders are unhappy with government action, but a struggle to find the right talent remains the largest barrier to the success of organisations. More >>

Auckland Airport announces Board nominations

Friday, 21 September 2018, 11:06 am | Auckland Airport

Auckland Airport has announced that its Board has unanimously nominated Dean Hamilton and Tania Simpson to stand for election as independent non-executive directors at its 2018 annual meeting. More >>

Changes on the farm are improving water efficiency

Friday, 21 September 2018, 11:00 am | Irrigation NZ

IrrigationNZ says that introducing a nationwide water tax is not workable, and that allowing irrigators to continue to invest in more modern irrigation systems rather than taxing them will result in the biggest improvements in water use efficiency. More >>

Car yard property set to be ‘traded in’

Friday, 21 September 2018, 10:32 am | Bayley's Real Estate

The land and building housing a substantial second-hand car dealership in suburban Auckland have been placed on the market for sale. More >>

Dunedin’s Mercy Hospital wins two prestigious awards

Friday, 21 September 2018, 10:16 am | NZ Private Surgical Hospitals Association

Dunedin’s Mercy Hospital has won two prestigious private hospital sector industry awards. More >>

New Range of Farm Management Software Subscriptions

Friday, 21 September 2018, 10:15 am | FarmIQ

A new range of software subscriptions from FarmIQ address the growing information needs of New Zealand dairy and livestock industry. More >>

Urgent fix to new home consent process needed

Friday, 21 September 2018, 9:55 am | Building Industry Federation

The Government must move as a matter of urgency to clear up the delays and confusion in the consent and compliance process costing home owners and industry thousands of dollars every year says the Building Industry Federation. More >>

India and Sri Lanka Trade Groups Sign Cooperation Agreement

Friday, 21 September 2018, 9:47 am | New Zealand India Trade Alliance

New Zealand Indian and New Zealand Sri Lankan Trade Groups Sign Cooperation Agreement The ‘Colombo Forum’ was signed on 20 September between the New Zealand India Trade Alliance (NZITA) and the New Zealand Sri Lanka Business Council (NZSLBC). The ... More >>

HiFX morning Update, September 21 2018

Friday, 21 September 2018, 9:05 am | HiFX

Stocks out of the US are faring better than the USD, with both the Dow and S&P hitting new record highs. Risk on sentiment is prevailing, which has seen the NZD continue its climb off the lows. NZ GDP came in yesterday at 1% q/q, beating expectations ... More >>

The Warehouse Group delivers adjusted NPAT of $59.0m

Friday, 21 September 2018, 8:45 am | The Warehouse Group

The Warehouse Group has announced an Adjusted Net Profit (NPAT) of $59.0m in what was a significant year of change for the business. Adjusted NPAT from continuing operations reflects the normal operating performance of the business and was 13.4% ... More >>

KiwiBank Credit Card Fee Removal Welcomed by MoneyHub

Friday, 21 September 2018, 8:42 am | MoneyHub

KiwiBank’s decision to drop a number of credit card fees and significantly cut the price of other fees is welcomed by personal finance website MoneyHub and encourages other banks to follow suit. More >>