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Latest Business Headlines

NZ dollar drops after RBNZ abandons bias to raise rates

Thursday, 29 January 2015, 5:31 pm | BusinessDesk

Jan. 29 (BusinessDesk) - The New Zealand dollar dropped, touching a four-year low, after the Reserve Bank abandoned its bias for raising interest rates and said a rate cut was a possibility. More >>

NZ Oil & Gas to return $63.2M of excess cash

Thursday, 29 January 2015, 4:56 pm | BusinessDesk

Jan. 29 (BusinessDesk) - New Zealand Oil & Gas, the listed energy explorer, will return $63.2 million of excess cash to shareholders after gaining final High Court orders allowing it to proceed with the plan. More >>

What Kiwis’ Favourite Ice Cream Flavours Say About Then

Thursday, 29 January 2015, 4:55 pm | OOB Organic

MATAKANA, NZ – A recent report from OOB, the Matakana-based organic ice cream makers, has revealed: More >>

Longer skiing season at Cardrona

Thursday, 29 January 2015, 4:49 pm | Cardrona

With winter approaching, Cardrona Alpine Resort have decided to lengthen their winter season and have invested heavily into improving the quality and number of groomed trails for all types of skiers and snowboarders. More >>

Americans the biggest buyers of NZ land since 2010: Linz

Thursday, 29 January 2015, 4:48 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Americans have been the biggest buyers of New Zealand land in the past five years although the Chinese topped the list in 2014 alone. More >>

Customisable Gourmet Burgers And Table Service

Thursday, 29 January 2015, 4:40 pm | McDonald's

Kicking off a bold plan to transform the McDonald’s experience for New Zealanders over the next five years, the McDonald’s Balmoral restaurant this week opens as a purpose-built Customer Learning Lab. The restaurant will provide a glimpse into ... More >>

Xero names US-based Douglas Jeffries as CFO

Thursday, 29 January 2015, 4:39 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Xero, the cloud-based accounting software firm, named US-based Douglas Jeffries as its new chief financial officer, replacing Ross Jenkins who will take on the new role of chief operating officer responsible for field operations. More >>

UPDATED: Briscoe considers customer loyalty programme

Thursday, 29 January 2015, 4:36 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Briscoe Group, which operates the Briscoes, Rebel Sports, and Living & Giving stores in New Zealand, may introduce a customer loyalty programme this year to stoke growth in online sales. More >>

Local Productions Help New Zealand Achieve Record Box Office

Thursday, 29 January 2015, 4:15 pm | Motion Pictures Distributors' Association

The New Zealand motion picture industry achieved a new high in 2014 with a record total Gross Box Office of $183.1M breaking the mark of $176.5M set in 2010. Revenues were 5% higher than the previous year (1). More >>

Xero Appoints Douglas Jeffries as CFO

Thursday, 29 January 2015, 3:32 pm | Xero

Xero Limited (XRO), today announced Douglas Jeffries as its Executive Vice President and Chief Financial Officer (CFO). Ross Jenkins, Xero’s current CFO, will assume a new role as Xero’s Chief Operating Officer responsible for all field operations. ... More >>

Fonterra Milk Volume Forecast Reduced

Thursday, 29 January 2015, 3:01 pm | Fonterra

Fonterra Co-operative Group Limited has reduced its milk volume forecast for the 2014-15 season to 1,532 million kgMS, reflecting the impact of dry weather on production in recent weeks. More >>

Dollar Drop Helps Push up Wool

Thursday, 29 January 2015, 2:59 pm | New Zealand Wool Services

New Zealand Wool Services International Limited’s Marketing Executive, Mr Paul Steel reports that the rapidly weakening New Zealand dollar against the US and GBP aided by recent active customer buying activity saw the local prices lift in all ... More >>

Fonterra drops forecast milk volumes by 3.3 percent

Thursday, 29 January 2015, 2:51 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More >>

Outward Bound Appoints New CEO

Thursday, 29 January 2015, 2:37 pm | Outward Bound

Outward Bound Appoints New CEO Outward Bound Trust of New Zealand is pleased to announce the appointment of Victor Klap as Chief Executive Officer, replacing outgoing CEO Trevor Taylor. He brings to the role a wealth of leadership experience in the public ... More >>

Interest rates could fall below 5% - so be patient

Thursday, 29 January 2015, 2:34 pm | New Zealand Mortgages and Securities

Auckland property financier James Kellow says prospective homeowners should be patient with arranging a mortgage, as he believes interest rates will fall in 2015 possibly below five percent for some. His comments follow the Reserve Bank today holding the ... More >>

ServiceIQ helps put the spotlight on qualified Kiwis

Thursday, 29 January 2015, 2:34 pm | ServiceIQ

Attention all ServiceIQ achievers: you can now promote your qualifications and skills online by connecting with ServiceIQ’s newly launched LinkedIn Alumni profile page. More >>

New marine rescue fleet launched at Auckland Airport

Thursday, 29 January 2015, 1:48 pm | Auckland Airport

Auckland Airport has today launched a major upgrade to its marine rescue fleet to ensure survival equipment can be deployed on the Manukau Harbour in the event of an emergency. More >>

Commerce Commission grants clearance to baby products merger

Thursday, 29 January 2015, 1:45 pm | Commerce Commission

The Commerce Commission has granted clearance to Mayborn Group Limited to acquire certain assets from Jackel Pty Limited, including intellectual property rights to the Tommee Tippee brands and trademarks for New Zealand. More >>

Microsoft incentivises Kiwi businesses to switch from Google

Thursday, 29 January 2015, 1:44 pm | Microsoft New Zealand

Microsoft New Zealand is launching a competitive campaign next week offering Kiwi small and medium businesses (SMBs) using Google Apps for Work a $25 per-user rebate if they purchase Office 365 before 30 April 2015 and switch before 31 May. More >>

NZ venison, lamb ventures win $41 mln of funding under PGP

Thursday, 29 January 2015, 1:44 pm | BusinessDesk

Jan. 29 (BusinessDesk) - Two projects to develop premium markets for New Zealand venison and lamb have won a total of $41 million in government and industry co-funding under the Primary Growth Partnership. More >>

Chapman Tripp Announces Five New Community Partnerships

Thursday, 29 January 2015, 1:18 pm | Chapman Tripp

Chapman Tripp is proud to announce five new national community partnerships as part of its revitalised Corporate Social Responsibility (CSR) strategy. Chapman Tripp has agreed to support Aera Foundation, Creative HQ, First Foundation, New Zealand ... More >>

Queenstown-based mobile concierge company launches

Thursday, 29 January 2015, 1:03 pm | Concierge Queenstown

Concierge Queenstown, a mobile concierge company aimed at simplifying the booking process for activity and restaurant bookings, launched today. The brainchild of former Le Clefs d’Or Concierge, Steve Hanrahan, Concierge Queenstown offers a complimentary ... More >>

Spark Digital boosts its leadership team

Thursday, 29 January 2015, 12:05 pm | Spark Digital

Spark Digital announced today that Mike Smith will join the company’s leadership team in a newly created role as General Manager Cloud, Infrastructure and Data Centres, based in Auckland. Reporting to CEO Tim Miles, Mike will have overall responsibility ... More >>

20,000 More Jobs in 2014

Thursday, 29 January 2015, 11:38 am | SEEK

2014 saw a 10% increase in new jobs ads with over 20,000 more jobs advertised in 2014 than the year prior, shows data released by SEEK New Zealand today. More >>

Wynyard Advanced Crime Analytics Solution Selected by PSCU

Thursday, 29 January 2015, 11:36 am | Wynyard Group

Auckland, 29 January 2015 – Wynyard Group , a market leader in crime fighting software and services, today announced that it has signed a multi-year agreement with PSCU for its Internal Fraud Analytics Solution – a configuration of the Wynyard Advanced ... More >>

NZ Online Retail Sales: December update + Christmas patterns

Thursday, 29 January 2015, 11:29 am | Bank of New Zealand

Please find attached BNZ and Marketview’s latest monthly report on New Zealand’s Online Retail Sales. More >>

Please Reconsider Ruakura Tainui Group Holdings

Thursday, 29 January 2015, 11:27 am | Fairview Downs Residents and Owners Association

In response to the resignation of Tainui Group Holdings Cheif Executive Mike Pohio and the comment from Chairman Henry van der Hayden that "the TGH board was considering other ways of developing the property (Ruakura) and with what partners". More >>

Enforcement action on Opotiki kiwifruit industry employers

Thursday, 29 January 2015, 11:23 am | Ministry of Business Innovation and Employment

Enforcement action has been taken against eight employers in the Kiwifruit sector in the Opotiki area of the Bay of Plenty following an operation carried out last year by the Ministry of Business, Innovation and Employment (MBIE). More >>

South Island Index heats up after winter decline

Thursday, 29 January 2015, 11:19 am | Deloitte

The Deloitte South Island Index achieved strong growth during the last quarter of the calendar year, a welcome turnaround after experiencing two consecutive quarterly declines for the first time in five years last winter. More >>

ManaBus.com Management Appointment

Thursday, 29 January 2015, 11:07 am | Mana Bus

Auckland, 29 January 2015 – ManaBus.com, the new fast, friendly and affordable city to city express coach operator, today announces changes to its management team. More >>

Epson launches revolutionary EcoTank printers in New Zealand

Thursday, 29 January 2015, 11:01 am | Epson

Epson has revolutionised household printing in New Zealand and made it incredibly convenient by launching its first generation EcoTank printer, the L355, that comes with up to two years of ink included1. More >>

Total exports rise despite fall in dairy

Thursday, 29 January 2015, 10:58 am | Statistics New Zealand

The seasonally adjusted value of goods exported rose 0.9 percent to $12 billion in the December 2014 quarter, Statistics New Zealand said today. More >>

NZ posts first trade deficit for December in 4 years

Thursday, 29 January 2015, 10:54 am | BusinessDesk

Jan. 29 (BusinessDesk) - New Zealand posted its first trade deficit for a December month in four years as aircraft and mobile phones boosted imports while declining milk powder prices pulled down exports. More >>

Housing affordability drops 14%, driven by Auckland prices

Thursday, 29 January 2015, 10:53 am | BusinessDesk

Jan. 29 (BusinessDesk) - Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to ... More >>

New PGP programme to turn passion into profit

Thursday, 29 January 2015, 10:49 am | Ministry For Primary Industries

Deer Industry New Zealand and the Ministry for Primary Industries (MPI) have today announced they will partner in a new Primary Growth Partnership (PGP) programme called Passion2Profit. More >>

NZ dollar drops to 4-year low as RBNZ shifts into neutral

Thursday, 29 January 2015, 10:44 am | BusinessDesk

NZ dollar drops to 4-year low, swap rates fall after central bank shifts into neutral More >>

Briscoe lifts fourth quarter sales with aggressive discounts

Thursday, 29 January 2015, 10:39 am | BusinessDesk

Jan. 29 (BusinessDesk) - Briscoe Group, which operates the Briscoes, Rebel Sports, and Living & Giving chains, said sales rose 2.9 percent to $167.4 million in its fourth quarter despite tough trading conditions that led to aggressive discounting. More >>

New director for JLL Wellington

Thursday, 29 January 2015, 10:35 am | Jones Lang LaSalle

AUCKLAND AND WELLINGTON, 28th January 2015 – Reflecting the growth of the sales division at JLL, John McKenzie has been appointed as Director of Investment Sales for the Wellington based team. More >>

Keeping alcohol licences current key to supply

Thursday, 29 January 2015, 10:20 am | Auckland Council

Auckland Council is reminding alcohol licensees and managers to make sure their licenses are up to date so they can continue to operate over the busy summer season. More >>

Philips calls for action to end light poverty

Thursday, 29 January 2015, 10:17 am | Philips

Millions of people are needlessly suffering because approximately a fifth of the world’s population does not have access to electric light, Royal Philips (NYSE: PHG, AEX: PHIA), the global leader in lighting, warns today. More >>

OCR unchanged at 3.5 percent

Thursday, 29 January 2015, 10:12 am | Reserve Bank

Trading partner growth in 2015 is expected to be similar to 2014, though the outlook is weaker than anticipated last year. Divergences continue among regions, with growth in China, Japan and the euro area easing in recent quarters, while growth in the ... More >>

Reserve Bank sees OCR on hold ‘for some time’, could go ‘up

Thursday, 29 January 2015, 9:10 am | BusinessDesk

Reserve Bank sees OCR on hold ‘for some time’, could go ‘up or down’ based on data More >>

NZ dollar little changed after Fed as traders await RBNZ

Thursday, 29 January 2015, 8:44 am | BusinessDesk

Jan. 29 (BusinessDesk) - The New Zealand dollar was little changed after the Federal Reserve reiterated that it would remain "patient" in deciding when to raise interest rates, while noting inflation may decline further. The local currency is ... More >>

While you were sleeping: Apple, Boeing soar

Thursday, 29 January 2015, 7:46 am | BusinessDesk

Jan. 29 (BusinessDesk) - Wall Street gained, led by Boeing and Apple, as both companies reported earnings that surpassed expectations. More >>

Yeastie Boys raise $500k in 30 mins

Wednesday, 28 January 2015, 10:55 pm | PledgeMe

28/01/2015 Yeastie Boys raise $500k in 30 mins Yeastie Boys cup runneth over with their equity crowdfunding campaign raising half a million dollars within 30 minutes, PledgeMe is pleased to announce. More >>

NZ Super Fund returns 13.89% in 2014, warns that may wane

Wednesday, 28 January 2015, 6:00 pm | BusinessDesk

Jan. 28 (BusinessDesk) - The New Zealand Superannuation Fund, the sovereign wealth fund set up to help smooth the cost of universal superannuation between today’s taxpayers and future generations, returned 13.89 percent over 2014, ending the year ... More >>

MARKET CLOSE: NZ shares rise; Heartland gains on profit lift

Wednesday, 28 January 2015, 5:36 pm | BusinessDesk

Jan. 28 (BusinessDesk) - New Zealand shares rose to a new record, led by Heartland New Zealand after the bank said it expected to post bigger earnings this year as it grows its asset base. Stocks with stable dividends also gained, including Spark ... More >>

Otago/Southland kicks off ANZ Young Farmer Regionals

Wednesday, 28 January 2015, 5:27 pm | ANZ Young Farmer Contest

Otago/Southland kicks off ANZ Young Farmer Contest Regional Finals FOR IMMEDIATE RELEASE 28-01-15 More >>

Small Business Encouraged by Labour’s proposed support

Wednesday, 28 January 2015, 5:18 pm | Small Business Voice

This morning in his state of the nation speech, Labour Leader, Andrew Little, promised to provide more support for small businesses. His comments have been praised by small business advocacy group Small Business Voice (SBV). More >>

Queensland Connection at Karaka

Wednesday, 28 January 2015, 5:05 pm | NZ Racing Desk

Prominent Melbourne trainer Peter Moody may well end up with a new stable acquisition despite missing out on buying the youngster during the first day of the select session at the New Zealand Bloodstock National Yearling Sale Series. More >>

NZ dollar drops vs. Australian dollar after inflation data

Wednesday, 28 January 2015, 5:04 pm | BusinessDesk

Jan. 28 (BusinessDesk) - The New Zealand dollar dropped against the Australian dollar after unexpectedly strong inflation data across the Tasman prompted traders to wind back bets that nation's central bank could cut interest rates. More >>

Initiative offers free cow condition assessments

Wednesday, 28 January 2015, 4:59 pm | DairyNZ

Northland herds have the opportunity this season to be part of the DairyNZ body condition score (BCS) initiative which will see certified BCS assessors provide free body condition score assessments. More >>

MYOB Advanced, cloud ERP solution for mid-sized businesses

Wednesday, 28 January 2015, 4:55 pm | MYOB

MYOB is bringing the benefits of innovative cloud technology to larger Australian and New Zealand businesses with the announcement of its latest ERP solution, MYOB Advanced. More >>

Irrigating farmers need to optimise every drop

Wednesday, 28 January 2015, 4:26 pm | Irrigation NZ

Irrigating farmers need to pull out all the stops to ensure they are optimising every drop of water as the irrigation season may shut down six weeks earlier than usual in some parts of New Zealand threatening the viability of crops and winter feed supply ... More >>

Spark director Maury Leyland to resign next month

Wednesday, 28 January 2015, 4:07 pm | BusinessDesk

Jan. 28 (BusinessDesk) - Spark New Zealand director Maury Leyland will resign from the telecommunications company's board from the end of next month as she spends more time at her day-job as Fonterra Cooperative Group's head of people, culture and strategy. More >>

NZ govt to spend $650M on school upgrades, repairs in 2015

Wednesday, 28 January 2015, 4:04 pm | BusinessDesk

Jan. 28 (BusinessDesk) - The New Zealand government expects to spend $650 million this year upgrading and maintaining its $8.32 billion school property portfolio, and anticipates repair costs for leaky buildings largely damaged by faulty cladding ... More >>

UPDATE: FMA, NZX sign MOU for market oversight

Wednesday, 28 January 2015, 3:21 pm | BusinessDesk

Jan. 28 (BusinessDesk) - The Financial Markets Authority and NZX, the two regulators of New Zealand’s capital markets, have signed a memorandum of understanding that formalises how they work together to avoid duplication and ensures a “no surprises” ... More >>

To Be Sure, He’s Fit for the Role

Wednesday, 28 January 2015, 3:06 pm | Pead PR

Showcase appoints new operations manager You could call it the luck of the Irish but Ben Hartigan now has what many Kiwi beer fans would consider the best job in the world. In his new role as operations manager of craft beer for Auckland bars ... More >>

FMA and NZX sign Memorandum of Understanding

Wednesday, 28 January 2015, 2:37 pm | Financial Markets Authority

The Financial Markets Authority (FMA) and NZX have this week signed a Memorandum of Understanding (MoU). The MoU sets out the framework for engagement and co-operation between the FMA and NZX, taking into account their complementary regulatory responsibilities ... More >>

Waiwera Wins in Big Overseas Competition

Wednesday, 28 January 2015, 2:32 pm | Waiwera Group

Two “Best of Show” Platinum awards, two Gold medals and a silver medal was the haul for Waiwera Group Ltd at the world’s largest beverage competition. More >>

 

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