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Latest Business Headlines

MARKET CLOSE: NZ shares fall; Meridian, Genesis decline

Tuesday, 30 September 2014, 5:56 pm | BusinessDesk

Sept. 30 (BusinessDesk) - New Zealand shares fell on the last day of quarter as investors locked in profits from a 2.2 percent gain over the period. Meridian Energy and Genesis Energy paced the day's decline. More >>

Mega listing deadline given another extension

Tuesday, 30 September 2014, 5:47 pm | BusinessDesk

Sept. 30 (BusinessDesk) - The proposed backdoor listing for file storage and encryption firm Mega has been given another deadline for regulators to go through documents outlining the offer to shareholders of TRS Investments, the proposed vehicle for ... More >>

Recall of Macro Almond Spread 250g

Tuesday, 30 September 2014, 5:40 pm | Countdown

Tuesday, 30 September 2014: Countdown has issued a recall of Macro Almond Spread 250g sold in Countdown, FreshChoice and SuperValue stores nationwide. More >>

Timber processor fined for crush injury

Tuesday, 30 September 2014, 5:38 pm | WorkSafe NZ

Forestry and timber processing company, Juken New Zealand Limited, was fined $57,000 and ordered to pay reparations of $12,000 today after an employee was seriously harmed when his finger was caught in a timber veneer dryer. More >>

EPA hazardous substances poster wins award in San Francisco

Tuesday, 30 September 2014, 5:37 pm | Environmental Protection Authority

A poster presented by two members of the hazardous substances applications team from the Environmental Protection Authority (EPA) won first equal at an international conference held in San Francisco. More >>

Proud to Contribute ‘Lion’s Share’ of Economic Activity

Tuesday, 30 September 2014, 5:32 pm | Carnival New Zealand

Cruise industry leader Carnival New Zealand today welcomed new figures highlighting a record cruise contribution to the national economy with forecasts for even further growth. More >>

China approval to manufacture retail-ready infant formula

Tuesday, 30 September 2014, 5:17 pm | Synlait

Synlait Milk is now a registered manufacturer of retail-ready infant formula for export to China, following approval from the Certification and Accreditation Administration of the People's Republic of China (CNCA). More >>

Local Company Launches ‘Greenpages’

Tuesday, 30 September 2014, 5:16 pm | Greenpages

Since it launched its online ‘green’ directory in August, a small local company has received ‘overwhelmingly positive’ feedback from businesses looking for an alternative to other costly directory services. More >>

Synlait Milk gets Chinese infant formula accreditation

Tuesday, 30 September 2014, 5:14 pm | BusinessDesk

Sept. 30 (BusinessDesk) - Synlait Milk, which plans to take a quarter-stake in Sichuan New Hope Nutritional Foods Co to gain a direct interest in a Chinese infant formula brand, has been granted accreditation to manufacture retail-ready infant formula ... More >>

NZ dollar heads for 11% slump in Sept quarter

Tuesday, 30 September 2014, 5:10 pm | BusinessDesk

Sept. 30 (BusinessDesk) - The New Zealand dollar is heading for an 11 percent slump in the September quarter as global demand for the greenback has rallied on the prospect of rising US interest rates next year, and as the Reserve Bank of New Zealand confirmed ... More >>

Asia Pacific M&A Exceeds 2013 Annual Volume

Tuesday, 30 September 2014, 4:50 pm | Thomson Reuters

The value of announced M&A deals involving Asia Pacific companies, excluding Japan, totaled US$552.6 billion so far this year and surpassed the annual volume in 2013 (US$542.9 billion). More >>

Annual Report for the year ended 30 June 2014

Tuesday, 30 September 2014, 4:47 pm | Lyttelton Port Company

The Lyttelton Port Company Limited Annual Report for the year ended 30 June 2014 is now available via the following link: More >>

Skope Industries Wins at Coca Cola Amatil Awards

Tuesday, 30 September 2014, 3:52 pm | Skope

When it comes to helping Coca Cola Amatil (CCA) get more value out of the products and services it purchases, no-one knows how to rise to the challenge and exceed expectations better than Christchurch-based SKOPE Industries (SKOPE). More >>

Next Capital's Vitaco the latest to settle MCN tax dispute

Tuesday, 30 September 2014, 3:34 pm | BusinessDesk

Sept. 30 (BusinessDesk) - Vitaco Health Group, the food supplements business majority owned by Australian private equity firm Next Capital, has cut a deal with the Inland Revenue Department which will see it give up $29.9 million of tax losses generated ... More >>

Air NZ's Luxon defends domestic regional air fares

Tuesday, 30 September 2014, 3:27 pm | BusinessDesk

Sept. 30 (BusinessDesk) - Air New Zealand chief executive Christopher Luxon has defended its pricing on domestic regional routes, saying it's one of only a few airlines in the world servicing as many smaller towns as it does, and that such routes are often ... More >>

Auckland Airport welcomes China Eastern Airlines to NZ

Tuesday, 30 September 2014, 3:18 pm | Auckland Airport

Auckland Airport and China Eastern Airlines are delighted to announce a new seasonal Shanghai to Auckland service, scheduled to commence in December 2014. More >>

REANNZ demonstrates cutting-edge telemedicine technology

Tuesday, 30 September 2014, 3:15 pm | REANNZ

REANNZ is demonstrating cutting-edge ‘telemedicine’ technology using its newly established world-first 100Gbps research network across the Pacific as part of the global REANNZ-hosted GLIF gathering in Queenstown this week (26-30 September). More >>

Kiwifruit Claim Class Action against the Government

Tuesday, 30 September 2014, 3:12 pm | New Zealand Kiwifruit Growers

New Zealand Kiwifruit Growers Incorporated (NZKGI) became aware of ‘The Kiwifruit Claim’ class action against the Government this afternoon (Monday 29 September 2014). More >>

Dunedin Venues Management Ltd results show increased profit

Tuesday, 30 September 2014, 3:00 pm | Dunedin Venues Management Ltd

• Revenue increased to $9.1 million (up from $8.23 million) • Operating profit increased by 10.3% to $2.7million In the year end results to June 30 2014, Dunedin Venues Management Ltd, operator of Forsyth Barr Stadium and the Dunedin Centre, produced ... More >>

Annual Result for the year ended 30 June 2014

Tuesday, 30 September 2014, 2:59 pm | Dunedin City Holdings

Profit after tax for the group was $12.5m. • We have distributed to the Dunedin City Council (DCC) and its subsidiaries outside the DCHL group a total of $15.7m. This has fully met budget expectations and been achieved within the policy of not ... More >>

Christchurch District Plan Still a Deep Concern

Tuesday, 30 September 2014, 2:49 pm | Property Council Of New Zealand

Property Council South Island Branch is still deeply concerned about the Christchurch City Council District Plan. More >>

More than talk from RBNZ

Tuesday, 30 September 2014, 2:47 pm | NZ Manufacturers and Exporters Association

The Reserve Bank of New Zealand (RBNZ) announced yesterday that they had intervened in the currency markets during August, selling a net NZ$521m. Manufacturers and exporters will generally be pleased to see some action on the currency that has been such a ... More >>

Goodman Fielder Appoints Reactive

Tuesday, 30 September 2014, 2:44 pm | Reactive

Reactive is excited to announce a new partnership with Goodman Fielder, Australasia’s leading listed food company and the owner of consumer brands that every Australian and New Zealander has in their pantry including Edmonds, Vogel's, Meadow Fresh, Meadow ... More >>

NZ business confidence falls to 2-year low

Tuesday, 30 September 2014, 2:44 pm | BusinessDesk

Sept. 30 (BusinessDesk) - New Zealand business confidence declined for a seventh month in September, to the lowest level in more than two years, as election uncertainty added to concerns about slowing economic growth, according to ANZ Bank's latest Business ... More >>

Marlborough's finest comes to Auckland city

Tuesday, 30 September 2014, 2:36 pm | Cloudy Bay

Cloudy Bay are giving wine enthusiasts the chance to experience a slice of Marlborough’s finest in Auckland city with the launch of Cloudy Bay Wine Bar @ The Foodstore from 1st October 2014. The new outdoor space overlooking the waterfront, invites guests ... More >>

Dot Kiwi Congratulates InternetNZ

Tuesday, 30 September 2014, 2:21 pm | Dot Kiwi

“It’s exciting to see InternetNZ responding to global trends and new competition by allowing registration of .nz, rather than .co.nz and other iterations of .nz. As of today, New Zealanders have a choice of two local, simplified domains, .kiwi ... More >>

Asia Pacific Superyachts NZ Signs on with Coast NZ

Tuesday, 30 September 2014, 2:05 pm | Asia Pacific Superyachts NZ

Asia Pacific Superyachts NZ have signed on as Agents for COAST NZ, reports Duthie Lidgard, managing director of APS NZ. More >>

Farmax: A Positive Outlook for Spring

Tuesday, 30 September 2014, 1:58 pm | Farmax

The calendar has rolled over to October already and we are one month into spring. The daffodils have come and gone, and soil temperatures on the up, but has spring arrived? More >>

Queensland Rail selects Tait Communications’ digital system

Tuesday, 30 September 2014, 1:54 pm | Tait Communications

Queensland Rail selects Tait Communications’ digital voice and data system for Australia’s largest rail network More >>

Cruise Sector Earns $365.3m And Still Growing

Tuesday, 30 September 2014, 1:53 pm | Cruise New Zealand

The cruise sector contributed a record $365.3 million to New Zealand’s economy in the 2013-14 season and that figure is forecast to swell dramatically to $421.5 million in two years. More >>

Lawyers, clients warned take care with emailed instructions

Tuesday, 30 September 2014, 1:52 pm | New Zealand Law Society

The New Zealand Law Society is warning lawyers and clients of lawyers to be extremely careful with taking and issuing instructions by email. This follows recent instances where a law firm or client’s email system has been hacked and false instructions ... More >>

Leadership programme developed for dairying women

Tuesday, 30 September 2014, 1:34 pm | Joint Media Statement

A pilot programme to develop the skills and confidence of dairy women to influence and lead positive change in their businesses and communities begins in November. More >>

Māori Television confirms resignation of Carol Hirschfeld

Tuesday, 30 September 2014, 1:27 pm | Maori Television

Chief Executive Paora Maxwell said Ms Hirschfeld had decided not to accept the newly aligned position of HOD Internal Productions, or to apply for the leadership role of Head of Programming & Production in the proposed restructure of the organisation. More >>

Machinery offer extended to meet demand

Tuesday, 30 September 2014, 1:26 pm | Duncan Ag

A special spring finance offer from leading New Zealand drill manufacturer Duncan Ag has been so well received by farmers the company has extended the deal to cover its newly acquired AgMech range as well. More >>

Not for profit professionals to unite for Leaders Symposium

Tuesday, 30 September 2014, 1:24 pm | Australasian Society of Association Executives

The complex world of not-for-profit leadership will be the key topic of discussion at the premier event for Australasian sector leaders in Rotorua next month. More >>

Celebrating Hawkes Bay Heritage with a Classic New Style

Tuesday, 30 September 2014, 1:22 pm | Vidal Estate

It has been a landmark year for one of New Zealand’s oldest wineries, Vidal Estate, with the introduction of a classical new logo and label design - capturing 109 years of heritage, quality and provenance. More >>

Tatua’s tremendous trifecta

Tuesday, 30 September 2014, 1:19 pm | Federated Farmers

Tatua members of Federated Farmers are welcoming an all time record payout by a New Zealand milk processor at $9 per kilogram of milk solids (kg/MS) for the 2013/14 season, with the in-season forecast for 2014/15 standing at $6.50 kg/MS. More >>

Certified Builders welcomes continued growth in new building

Tuesday, 30 September 2014, 1:18 pm | Certified Builders Association

Certified Builders welcomes Statistics New Zealand’s release of new building consent numbers as positive for the building industry and the economy, but says the shortage of skilled trades people continues to be an issue in some areas. More >>

FMA warns New Zealanders to steer clear of General Equity

Tuesday, 30 September 2014, 1:16 pm | BusinessDesk

Sept. 30 (BusinessDesk) - The Financial Markets Authority has warned New Zealanders to exercise "extreme caution" when dealing with building society General Equity and has ordered the company to display the regulator's warning on its website. More >>

FMA issues warning about General Equity

Tuesday, 30 September 2014, 12:46 pm | Financial Markets Authority

The Financial Markets Authority ( FMA ) has issued a warning about General Equity (previously named General Equity Building Society), a New Zealand registered building society. The warning recommends that the public exercises extreme caution when dealing ... More >>

Commission to consider consumer pharmaceuticals merger

Tuesday, 30 September 2014, 12:36 pm | Commerce Commission

The Commerce Commission has received an application from GlaxoSmithKline plc (GSK) seeking clearance to acquire Novartis AG’s consumer healthcare pharmaceutical business. More >>

Carol Hirschfeld Joins Radio New Zealand

Tuesday, 30 September 2014, 12:28 pm | Radio New Zealand

Radio New Zealand CEO, Paul Thompson, has announced that Carol Hirschfeld, the former General Manager Production for Maori TV, is to join Radio New Zealand as Head of Content and Radio New Zealand Networks Presentation Manager, John Howson, has been ... More >>

NZ building consents flatline in August

Tuesday, 30 September 2014, 12:01 pm | BusinessDesk

Sept. 30 (BusinessDesk) - New Zealand building consents held steady in August from a month earlier, underpinned by approvals for apartments and retirement village units. More >>

ICM's Duncan Saville seeks spot on NZOG board

Tuesday, 30 September 2014, 11:29 am | BusinessDesk

Sept. 30 (BusinessDesk) - Duncan Saville, whose ICM unit manages ASX-listed Zeta Resources, is seeking a seat on the board of New Zealand Oil & Gas, and has the blessing of the oil explorer's current directors. More >>

Designing for diversity

Tuesday, 30 September 2014, 11:24 am | University of Auckland

A first generation Chinese New Zealander has created a design for his local shops in an effort to promote greater cultural diversity. Bobby Shen undertook the project as part of his Masters of Architecture (Professional) degree at the University of ... More >>

Dwelling consents growth slowing

Tuesday, 30 September 2014, 11:12 am | Statistics New Zealand

The trend for the number of new dwellings consented is at its highest level since August 2007, but the rate of growth is slowing, Statistics New Zealand said today. More >>

Australia's Quattro in talks to buy NZ properties

Tuesday, 30 September 2014, 10:48 am | BusinessDesk

Sept. 30 (BusinessDesk) - Quattro Asset Management, an Australian fund manager, is in negotiations to buy two Auckland industrial assets from Goodman Property Trust and two office towers in Wellington and Auckland from Precinct Properties New Zealand More >>

Derceto purchased by French company

Tuesday, 30 September 2014, 10:31 am | Beca Group

A technology startup born out of professional services consultancy Beca has taken the next step in its growth. More >>

Infotools Create Director of Sales And Marketing Role

Tuesday, 30 September 2014, 10:27 am | Infotools

Previously the client development director at Infotools, Chris Spence has been promoted to lead the company’s global sales team and marketing initiatives from their head office in New Zealand. More >>

Auckland checkout operators compete for Checker of the Year

Tuesday, 30 September 2014, 10:24 am | Foodstuffs Limited

Checkout operators from Auckland’s New World and PAK’nSAVE stores had their moment to shine at the Foodstuffs Checker of the Year regional heats this week. More >>

Firms stick to steady as she goes on jobs front, survey says

Tuesday, 30 September 2014, 10:24 am | BusinessDesk

Sept. 30 (BusinessDesk) - Nearly two-thirds of employers intend keeping headcount steady this quarter, according to the latest Hudson quarterly report on employment trends. More >>

Rydges Wellington Dominates National Hospitality Awards

Tuesday, 30 September 2014, 10:18 am | Hospitality New Zealand

Rydges Wellington has cemented its position again as the country’s top hotel operator for the third year running after achieving two significant national hospitality awards for accommodation and marketing excellence. More >>

Kiwi Demand for Hawaii Travel Soars

Tuesday, 30 September 2014, 10:07 am | House of Travel

New Zealanders are travelling to Hawaii in greater numbers according to the latest travel industry figures. More >>

Wireless Nation appoints South Island General Manager

Tuesday, 30 September 2014, 10:06 am | Wireless Nation

Cutting edge ISP Wireless Nation has appointed a new South Island General Manager, another stride in its commitment to deliver broadband to farmers, wherever and however they need it. More >>

Hiring Intentions Remain Steady

Tuesday, 30 September 2014, 9:45 am | Hudson Report

New Zealand – 30 September 2014 – Nearly two-thirds (62.4%) of employers intend to keep headcount steady this quarter, as the latest Hudson Report: Employment Trends released today [1] marked a solid year of employment stability. More >>

Maori values make the difference for business futures

Tuesday, 30 September 2014, 9:42 am | Federation Of Maori Authorities

The Federation of Maori Authorities Annual National Conference has highlighted connection and collaboration as critical factors for Maori business success moving forward. The three day conference, held in Whanganui, included a number of presentations which ... More >>

Farm agreement launched for dairy businesses

Tuesday, 30 September 2014, 9:34 am | Federated Farmers

Federated Farmers will launch its new and improved Herd Owning Sharemilking Agreement to dairy farmers tomorrow. “This Agreement clearly navigates areas where farm owners and sharemilkers have had disagreements in the past,” says Andrew Hoggard, Federated ... More >>

Watershed day for .nz domain name space

Tuesday, 30 September 2014, 9:18 am | Domain Name Commission

From 1pm today a new .nz registration option launches, giving people more choice when it comes to representing themselves online. More >>

NZ dollar catches breath after yesterday's slump

Tuesday, 30 September 2014, 8:44 am | BusinessDesk

Sept. 30 (BusinessDesk) - The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month, selling the kiwi in an attempt to push its value down ... More >>

Cancelled strike leaves oil companies holding emergency fuel

Monday, 29 September 2014, 6:00 pm | BusinessDesk

Sept. 29 (BusinessDesk) - The cancellation of a two day strike at the Marsden Point oil refinery next week has left the country's four main oil companies with an unwanted 50 million litre emergency shipment of aviation fuel that set sail from South Korea ... More >>

 

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