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Latest Business Headlines

NZ dollar gains as Fonterra hikes forecast farmgate payout

Thursday, 25 August 2016, 5:23 pm | BusinessDesk

Aug. 25 (BusinessDesk) - The New Zealand dollar gained after Fonterra Cooperative Group hiked its forecast payout to farmers for the current season as recent dairy auctions delivered bigger-than-expected price increases. More >>

2016 Hawke’s Bay Tourism Industry Award Shortlist Announced

Thursday, 25 August 2016, 5:19 pm | Hawke's Bay Tourism

Media Release 25th September 2015 2016 Hawke’s Bay Tourism Industry Award Shortlist Announced Tourism businesses in Hawke’s Bay have put their best foot forward for the 2016 Hawke’s Bay Tourism Industry awards, with 20 businesses vying for the ... More >>

Vinyl Bar employees have sexual violence prevention training

Thursday, 25 August 2016, 5:04 pm | Sexual Abuse Prevention Network

Vinyl Bar employees undergo sexual violence prevention training,following criticism from patrons of handling of a sexual assault More >>

Local companies to partner Boeing in Orion upgrade

Thursday, 25 August 2016, 5:03 pm | New Zealand Defence Industry Association

New Zealand defence industry suppliers will support international contractor Boeing to upgrade systems on the Royal New Zealand Air Force’s six Orion aircraft. Beca, Marops and Safe Air will support the upgraded Underwater, Intelligence, Surveillance ... More >>

Cloud consultant Sasan Rashidmardani joins Equinox IT

Thursday, 25 August 2016, 4:07 pm | Equinox IT

Sasan Rashidmardani, an experienced cloud architecture consultant, has joined Equinox IT in Auckland. Rashidmardani takes up the role of Senior Consultant – Cloud Solution Architecture, where he will help Equinox IT clients successfully design, adopt and ... More >>

Business confidence defies usual winter blues

Thursday, 25 August 2016, 3:59 pm | Auckland Chamber of Commerce

Auckland Chamber’s August Business Confidence Survey has confirmed that the availability, or rather lack of availability, of people with the right skills and the right talent is affecting our ability to make the most of good economic times. More >>

Metlifecare stake not a long-term hold for Infratil

Thursday, 25 August 2016, 3:54 pm | BusinessDesk

Aug. 25 (BusinessDesk) - Infratil chief executive Marko Bogoievski is happy with the 80 percent gain the value of the infrastructure investor's stake in retirement village operator Metlifecare, but doesn't expect the minority interest will be a ... More >>

Bobby calf improvements noted this season

Thursday, 25 August 2016, 3:45 pm | Ministry For Primary Industries

The calving season for dairy farmers is now in full swing and improvements in calf welfare have been noted across the bobby calf supply chain. More >>

CityLife Auckland Receptionist Judged NZ’s Best

Thursday, 25 August 2016, 3:42 pm | CityLife Auckland

MS PRIYANKA (Payal) SHARMA of CityLife Auckland has been awarded the AICR New Zealand 2016 Receptionist of the Year. More >>

Please Stop the Politicking And Fix Shop Trading Hours Mess

Thursday, 25 August 2016, 3:40 pm | Retail NZ

As the Shop Trading Hours Amendment Bill is being debated in Parliament, Retail NZ has urged our MPs to put their politics aside and fix the current set of broken rules. More >>

Airways New Zealand appoints new Chief Technology Officer

Thursday, 25 August 2016, 3:36 pm | Airways New Zealand

Airways New Zealand is pleased to announce the appointment of Russell Ambrose as Chief Technology Officer, a new role for New Zealand’s air navigation service provider (ANSP). “As a technology enabled business, Airways is dedicated to providing safe, ... More >>

Chris Gallaher Elected New Chairman for Pacific Edge Board

Thursday, 25 August 2016, 3:33 pm | Pacific Edge

The Board of cancer diagnostics company, Pacific Edge Limited (NZX: PEB) has announced the election of Mr Chris Gallaher as Chairman, replacing Mr Chris Swann who, as previously advised, is stepping down from the Board at today’s Annual Shareholders’ Meeting. More >>

Wool Market Basically Unchanged

Thursday, 25 August 2016, 3:02 pm | NZWSI Weekly Wool Market Report

New Zealand Wool Services International Ltd’s C.E.O Mr John Dawson reports that the South Island selection comprising a wide range of wool types with Merino, Mid Micron and Crossbreds saw varied support determined by targeted buying with an all ... More >>

Crown alleges Ngatata Love set up $3M in secret payments

Thursday, 25 August 2016, 2:37 pm | BusinessDesk

Crown alleges Ngatata Love set up $3M in secret payments to buy house for himself and partner More >>

5 stars for yet to be released Holden

Thursday, 25 August 2016, 1:54 pm | New Zealand Automobile Association

Holden will release the 2017 Trailblazer SUV later this year which will carry the same 5 star ANCAP safety rating of the 2012 Colorado 7 – the vehicle it is based on. More >>

New Zealand Police win diversity award

Thursday, 25 August 2016, 1:53 pm | Diversityworks

The New Zealand Police’s initiatives to transform gender diversity within its ranks have resulted in the organisation taking the top prize at this year’s Diversity Awards NZ. More >>

Invivo winery shares positive annual results at lively AGM

Thursday, 25 August 2016, 1:38 pm | Invivo Wines New Zealand

It’s probably one of the most lively investor ‘meetings’ you’re likely to attend. More >>

New Auckland Airport heliport to meet rising demand

Thursday, 25 August 2016, 1:30 pm | Auckland Airport

Construction is advanced on a new helicopter terminal and hangar at Auckland Airport. The new facility will be built, owned and managed by local helicopter tour operator Helicopter Me , and will cater for the airport’s growing number of affluent and ... More >>

UPDATE: Methven books $2.7M after cancelling earn-out

Thursday, 25 August 2016, 1:22 pm | BusinessDesk

Aug. 25 (BusinessDesk) - Listed shower and tapware maker Methven booked a $2.7 million gain in its full-year net profit adjustments after cancelling an earnout agreement with the owner of the Chinese manufacturing facility it bought in 2014. More >>

Companies use selfies to stay safe at work

Thursday, 25 August 2016, 1:20 pm | ThunderMaps

A local app developer is helping companies make health and safety fun, so that employees stay safe at work. This novel approach was conceived and is being championed by ThunderMaps, a leading provider of mobile reporting software for workplace health and safety. More >>

MYOB Group Limited announces robust half year result

Thursday, 25 August 2016, 1:15 pm | MYOB

MYOB Group Limited (“MYOB”; ASX: MYO) today announced its first half 2016 financial results, headlined by double-digit growth in revenue and earnings. More >>

Firm highly commended for Empowerment at Diversity Awards

Thursday, 25 August 2016, 1:12 pm | Minter Ellison Rudd Watts

Leading law firm MinterEllisonRuddWatts has been awarded Highly Commended in the Empowerment category at the prestigious Diversity NZ Awards, held last night at SkyCity. The award celebrates innovative responses to gender balance in the workforce. More >>

NZ insolvency practitioners face new licensing regime

Thursday, 25 August 2016, 1:09 pm | BusinessDesk

Aug. 25 (BusinessDesk) - New Zealand's insolvency practitioners look likely to face a new licensing regime after a report to Commerce Minister Paul Goldsmith found that gaps in existing rules enable dishonesty and incompetence. More >>

Wesley – new town announced to Franklin businesses

Thursday, 25 August 2016, 12:57 pm | Wesley New Town

An enthusiastic audience of Franklin and Auckland business interests last night attended the first public announcement of Wesley, a new town of 5,000 homes with transport hub and extensive amenities to be built close to Pukekohe. More >>

Sheep Milk Industry Set to Grow through New Partnership

Thursday, 25 August 2016, 12:53 pm | Ministry For Primary Industries

New Zealand’s fledgling sheep milk industry has received a significant boost today with approval of the business case for a new Primary Growth Partnership (PGP) programme between the Ministry for Primary Industries (MPI) and Spring Sheep Milk Co. The new ... More >>

Countdown FY earnings slip 3.7% on record revenue

Thursday, 25 August 2016, 12:36 pm | BusinessDesk

Aug. 25 (BusinessDesk) - The Countdown supermarket chain posted a 3.7 percent drop in annual earnings due to a combination of food price deflation, competitive pressures and increased team-based performance payments as part of a customer service improvement ... More >>

8 out of 10 Kiwi drivers would prefer fuel efficiency

Thursday, 25 August 2016, 12:21 pm | Ford New Zealand

Ford survey reveals 8 out of 10 Kiwi drivers would prefer a more fuel-efficient vehicle More >>

Spark to credit costs of calls and texts to Italy

Thursday, 25 August 2016, 12:18 pm | Spark NZ

Spark announced today it will credit its customers for the cost of landline and mobile calls and texts to Italy following the devastating earthquakes on Wednesday morning local time. More >>

Sheep milk industry gets $12.6M Crown funding

Thursday, 25 August 2016, 12:18 pm | BusinessDesk

Aug. 25 (BusinessDesk) - The fledgling sheep milk industry has been given a $12.6 million boost with government funding for a Primary Growth Partnership project with Spring Sheep Milk Co. More >>

ASB / Main Report Regional Economic Scoreboard

Thursday, 25 August 2016, 12:13 pm | ASB Bank

The Bay of Plenty’s winning streak continues as it keeps a firm grip on its spot as New Zealand’s top-performing region for the fifth straight quarter in the latest ASB/Main Report Regional Economic Scoreboard. More >>

Fonterra Forecast Gives Dairy A Boost

Thursday, 25 August 2016, 12:11 pm | Federated Farmers

Federated Farmers dairy industry spokesperson Andrew Hoggard says the Fonterra announcement today will boost dairy farmer optimism and even more usefully, will ease their bank manager’s worries. More >>

Signing for SCS Connect cooler fleet management solution

Thursday, 25 August 2016, 12:10 pm | Wellington Drive Technologies

Wellington Drive announces the signing of customer terms and conditions for supply of the SCS Connect cooler fleet management solution. More >>

Wanaka accounting firm and bookkeeping company win accolades

Thursday, 25 August 2016, 12:08 pm | Ashton Wheelans and Mighty Eff

Two Wanaka businesses have been recognised for excellence in accounting and bookkeeping at the annual New Zealand Xero Regional Awards. Accounting firm Ashton Wheelans and bookkeeping company Mighty Efficient yesterday won Xero Accounting Partner of the ... More >>

Scales Corporation Lifts Half Year After Tax Profit

Thursday, 25 August 2016, 12:07 pm | Scales Corporation Ltd

Scales Corporation Lifts Half Year After Tax Profit, Upgrades Full Year Earnings Guidance Scales Corporation Limited (NZX:SCL) today reported a net profit after tax of $33.8 million for the half year ended 30 June 2016 ( 1H16 ), up 3 per cent on ... More >>

Ebos posts 20% gain in full-year profit as sales top $7 bln

Thursday, 25 August 2016, 12:07 pm | BusinessDesk

Aug. 25 (BusinessDesk) - Ebos Group posted a 20 percent gain in full-year profit and lifted its dividends as revenue topped $7 billion for the first time, saying it expects further earnings growth in the current year. More >>

Beef progeny test delivering answers to farmers

Thursday, 25 August 2016, 11:44 am | Beef And Lamb NZ

Commercial farmers can bank on estimated breeding values (EBVs) for calf weaning weights delivering on what they predict. More >>

Positive momentum at Methven

Thursday, 25 August 2016, 10:54 am | Methven

New Zealand’s leading shower and tapware designer Methven Ltd (MVN) today reported a 30.6% increase in Net Profit After Tax (NPAT) and a 23.9% increase in NPAT excluding non-recurring items1. Methven Chairman Phil Lough commented that “We are encouraged ... More >>

29 Trades Apprentices Graduate in Auckland

Thursday, 25 August 2016, 10:52 am | Apprenticeship Training Trust

Twenty-nine (29) trades apprentices from the Auckland region celebrated their graduation, and prize winning, from the Apprenticeship Training Trust’s (ATT) training scheme at a ceremony in South Auckland on Wednesday evening, 24 August. The graduating apprentices ... More >>

Fonterra Increases Forecast Farmgate Milk Price for 2016/17

Thursday, 25 August 2016, 10:43 am | Fonterra

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. More >>

‘AKIN’ 16/17 spring/summer collection and website launch

Thursday, 25 August 2016, 10:18 am | Evie and Emily

MEDIA RELEASE for EVEM Ltd and their ‘AKIN’ 16/17 spring/summer collection and website launch event. More >>

Methven continues annual revenue and profit growth

Thursday, 25 August 2016, 10:11 am | BusinessDesk

Aug. 25 (BusinessDesk) - Methven, the shower and tapware designer, has reported a 31 percent increase in full-year net profit to $7.7 million with strong sales in New Zealand and Australia, continuing a turnaround in its performance that started ... More >>

SLI Systems curbs FY loss

Thursday, 25 August 2016, 10:10 am | BusinessDesk

Aug. 25 (BusinessDesk) - E-commerce software seller SLI Systems narrowed its annual loss, reflecting cost containment during a restructuring following the loss of three major customers. More >>

Hellaby Holdings annual profit falls 30%

Thursday, 25 August 2016, 10:08 am | BusinessDesk

Aug. 25 (BusinessDesk) - Hellaby Holdings, the diversified investment group, posted a 30 percent fall as restructuring under new chief executive Alan Clarke continues. More >>

Scales lifts first-half profit 3% on record Mr Apple crop

Thursday, 25 August 2016, 10:07 am | BusinessDesk

Aug. 25 (BusinessDesk) - Scales Corp lifted first-half profit 3 percent and raised guidance for annual earnings as its Mr Apple unit delivered a record crop and met its 2020 export volume target four years early. More >>

Former Tenths trustee gives evidence

Thursday, 25 August 2016, 10:04 am | BusinessDesk

Aug. 25 (BusinessDesk) - A former trustee for the Wellington Tenths Trust has told Ngatata Love's fraud trial that he was ok with the idea that "consultants" could be paid a $3 million fee for negotiating a deal with property developers. More >>

NZ dollar gains as traders await Jackson Hole symposium

Thursday, 25 August 2016, 10:01 am | BusinessDesk

Aug. 25 (BusinessDesk) - The New Zealand dollar rose above 73 US cents as traders wait to see what Federal Reserve chair Janet Yellen has to say at this weekend's central banker symposium in Jackson Hole, Wyoming. More >>

While you were sleeping: Wall Street slips

Thursday, 25 August 2016, 7:42 am | BusinessDesk

Aug. 25 (BusinessDesk) - Wall Street moved lower ahead of Friday’s speech by Federal Reserve Chair Janet Yellen who might offer clues on the timing for an interest rate hike by the central bank—which some Fed officials have recently suggested could ... More >>

NZD falls - Yellen may dent kiwi-yield story

Wednesday, 24 August 2016, 5:28 pm | BusinessDesk

The New Zealand dollar fell as traders speculated Federal Reserve chair Janet Yellen may echo recent hawkish statements by other Fed officials, giving impetus to the greenback. More >>

Infratil still aspires to shareholder returns of 20% a year

Wednesday, 24 August 2016, 5:26 pm | BusinessDesk

Infratil still aspires to generating total shareholder returns of 20 percent a year as it broadens the focus of its investment portfolio into sectors it wouldn't have entered 10 years ago. More >>

Jeep 75th Anniversary Reunites Kiwi Family with Its History

Wednesday, 24 August 2016, 5:18 pm | Fiat Chrysler NZ Limited

The last thing that Sherryll Leeson expected to see when she opened the motoring supplement of the NZ Herald was a picture of her father, but, set amongst a story on Jeep’s 75th Anniversary, was a picture of then New Zealand Prime Minister Peter ... More >>

Go Bus Confident of Employing Local Drivers

Wednesday, 24 August 2016, 5:06 pm | Go Bus

Go Bus Transport, New Zealand’s largest and most diverse bus operator, says it has been delighted with the applications already received for local bus drivers to work on its South Auckland services that were recently awarded following a tender ... More >>

Redefine – love your op shop

Wednesday, 24 August 2016, 5:00 pm | Presbyterian Support

If creativity, a good day out with the family and Charity retail therapy could be summed up in a word, it would be Redefine. More >>

Fila X factorie New Zealand Collaboration

Wednesday, 24 August 2016, 5:00 pm | factorie

factorie is excited to announce an exclusive collaboration with FILA, one of the world’s largest heritage sportswear brands. More >>

Videos Highlight Sustainable Deer Farming

Wednesday, 24 August 2016, 4:53 pm | NZ Landcare Trust

NZ Landcare Trust has been working with deer farmers to capture examples of excellent sustainable land and water management from around the country. This information has been distilled into fifteen short videos that are now available to view online. The ... More >>

Peanut Butter Gets a Slice of the Action

Wednesday, 24 August 2016, 3:26 pm | Prolife Foods

The new kid out of the box is here. Mother Earth has combined the goodness of natural peanut butter with their popular oaty slice to create a mouth-watering new flavour – Baked Oaty Slice Peanut Butter. More >>

You Still Can’t Beat a Breggfast

Wednesday, 24 August 2016, 2:56 pm | Eggs Incorporated NZ

To pack a protein punch at breakfast time, it is still eggs all the way, says Sarah Hanrahan, dietitian for the New Zealand Nutrition Foundation. More >>

Seabed ironsands miner TransTasman tries again

Wednesday, 24 August 2016, 2:52 pm | BusinessDesk

Aug. 24 (BusinessDesk) - The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes ... More >>

Vigil Monitoring goes global with Jupl

Wednesday, 24 August 2016, 2:39 pm | Jupl

Auckland 24 August, 2016 – Vigil Monitoring, co-founded by Sir Ray Avery and Alan Brannigan, has announced it will change its name to Jupl, effective immediately. The company says the name change is part of the preparation for its next major growth ... More >>

Mobile health startup Vigil changes name

Wednesday, 24 August 2016, 2:31 pm | BusinessDesk

Aug. 24 (BusinessDesk) - Vigil Monitoring, the digital healthcare company founded by Ray Avery and Alan Brannigan, is changing its name to Jupl as it expands into Australia. More >>

Overvalued Exchange Rate Matters

Wednesday, 24 August 2016, 1:36 pm | Manufacturers and Exporters Association

The New Zealand dollar remains overvalued and has risen close to the TWI 15 month high experienced last month, following comments from the Reserve Bank of New Zealand yesterday lowering expectations of significant OCR cuts. The effect of our high and ... More >>


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