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Latest Business Headlines

Silver Fern Farms & Shanghai Maling Finalising Extension

Sunday, 26 June 2016, 9:54 pm | Silver Fern Farms

• An extension to the June 30 date for receiving OIO approval is in the process of being finalised More >>

Jumia Becomes the One Stop Online Destination in Africa

Sunday, 26 June 2016, 9:09 pm | African Press Organisation

LAGOS, Nigeria, June 24, 2016/ -- Africa Internet Group is today connecting its companies into Jumia’s ( www.JUMIA.com.ng ) ecosystem with a new vision, "Expand your horizons". The new Jumia ecosystem will give access to products and services ... More >>

Corporate Citizens Need to Make a Real Impact

Sunday, 26 June 2016, 8:56 pm | African Press Organisation

The roll-out of the Sustainable Development Goals (SDGs) comes with a “leave no one behind” strategy that moves from reducing to ending poverty, and one that puts sustainability and growth at its core, believes Abey Tau, Public Affairs and Corporate ... More >>

NEC Wins the 2015 Gold Award for Field Innovation

Sunday, 26 June 2016, 8:44 pm | NEC Corporation

NEC Wins the 2015 Gold Award for Field Innovation from the Japanese Society for AI More >>

Shrimp farming sector looks for consensus

Saturday, 25 June 2016, 4:05 pm | FAO

24 June 2016, Bangkok, Thailand – Governments, scientists and producers have expressed the need for a consensus on ways to fight a deadly disease that continues to seriously threaten the world’s shrimp farming sector. More >>

Resn Caps Off Awards Wins with Even More Awards

Saturday, 25 June 2016, 3:42 pm | Resn

Wellington, New Zealand - Resn, the creative digital agency, has scooped up numerous international advertising awards over the last two months. Most recently, its projects have had considerable success at the Cannes Lions, rounding out an awards season ... More >>

Q + A - Sunday June 26

Saturday, 25 June 2016, 1:50 pm | TVNZ

1. The UK votes to leave the EU - Greg Boyed speaks to Shane Frith, an ex-pat New Zealander who worked on the UK Leave campaign plus the British High Commissioner to NZ, Jonathan Sinclair. More >>

Brexit poses implications for NZ's sheep and beef industry

Saturday, 25 June 2016, 1:23 pm | NZ Beef and Lamb

“We are concerned about the future of New Zealand’s sheep and beef exports to the UK and the EU following the UK’s vote to leave the EU,” says Beef + Lamb New Zealand and the Meat Industry Association of New Zealand. More >>

Hindus welcome Frankfurt Airport upgrade plans

Saturday, 25 June 2016, 12:41 pm | AOL

Hindus have welcomed reported plans of Frankfurt Airport, a major international airport in Germany, to invest about $113 million in upgrades/makeover which include yoga rooms. More >>

Fronde chairman Jon Mayson ousted, two other directors exit

Friday, 24 June 2016, 5:27 pm | BusinessDesk

Jon Mayson, chairman of IT services provider Fronde, has been asked to step down by the company’s two main shareholder/directors who wanted to refresh the board. More >>

Brexit Fallout

Friday, 24 June 2016, 5:21 pm | IG Markets

The surprise “Leave” victory in the UK’s Brexit referendum has changed the calculus of global markets. We have seen the biggest intra-day volatility in the pound on record, as evidenced by it hitting a yearly high and yearly low within hours ... More >>

Attention now turns to assessing the risks

Friday, 24 June 2016, 5:20 pm | CMC Markets

Blindsided by the outcome of Britain’s EU referendum, markets must now turn their attention to the task of pricing the risks or opportunities that will flow from this historic decision. More >>

Brexit will require work by trade negotiators

Friday, 24 June 2016, 5:17 pm | Business New Zealand

The new post-Brexit landscape will require more work by New Zealand trade negotiators, says ExportNZ. More >>

New Zealand needs to milk Brexit for all its worth

Friday, 24 June 2016, 5:15 pm | Federated Farmers

With Britain voting to exit the European Union today, Federated Farmers is urging diplomats and export companies to be quick off the block and first inline for meetings to push New Zealand’s agenda. More >>

NZ interest rates plunge as Brexit gets closer to reality

Friday, 24 June 2016, 4:57 pm | BusinessDesk

June 24 (BusinessDesk) - New Zealand swap rates plunged as news of the likely victory for Brexit in the UK's referendum on whether to leave the European Union rippled through global financial markets and sent investors fleeing for safe havens. More >>

Ashburton friends celebrate $500,000 win

Friday, 24 June 2016, 4:57 pm | Lotto New Zealand

Ashburton friends celebrate $500,000 win Having a few beers with the boys is already a winning combo, but imagine if that quick catch-up at the local pub ended up bagging you a $500,000 Lotto win? Five mates from Ashburton are raising their glasses after ... More >>

Huawei Cloud Conference 2016 held in Auckland

Friday, 24 June 2016, 4:14 pm | Huawei

Auckland, June 24: Huawei Cloud Conference (HCC) 2016 was held today at Auckland’s ANZ Viaduct Events Centre, with experts sharing their vision for the future of the Cloud. More >>

Cavalier raises 2016 earnings guidance on better performance

Friday, 24 June 2016, 3:28 pm | BusinessDesk

June 24 (BusinessDesk) - Cavalier Corp shares jumped to a 19-month high after the carpet maker raised 2016 earnings guidance as its broadloom carpets unit outperformed expectations and it sold an unprofitable carpet tile operation. More >>

Enprise Group pays first dividend

Friday, 24 June 2016, 3:20 pm | Enprise

24 June 2016. Auckland, New Zealand. Enprise Group (NZAX: ENS) has announced a 6% dividend payment, based on current market value. More >>

Methven wins Award at the 2016 ExportNZ Awards

Friday, 24 June 2016, 3:13 pm | Methven

Methven wins Best Use of Commercialisation of Innovation for Export Award at the 2016 ExportNZ Awards More >>

Cavalier Corporation revises earnings position

Friday, 24 June 2016, 2:47 pm | Cavalier Corporation

Cavalier Corporation revises earnings position Cavalier Corporation is pleased to announce a second positive earnings revision to an estimated $6 million normalised profit after tax for 2015/16. This is up $5 million on the previous year’s normalised ... More >>

Rabobank Global Beef Quarterly Q2 2016

Friday, 24 June 2016, 2:38 pm | Rabobank

The Rabobank global beef index ticked up in Q1 2016 after declining for much of 2015. However it shows signs of dropping again as softening prices in the US and Canada battle strengthening prices in Australia and Brazil, according to the Rabobank ... More >>

NZ stocks turn as referendum result keeps investors guessing

Friday, 24 June 2016, 2:25 pm | BusinessDesk

June 24 (BusinessDesk) - New Zealand shares gave up earlier gains as early results from Britain's referendum on whether to leave the European Union show the race is much closer than what pundits had been picking . More >>

Ryman board seeks 9% pay rise to cope with bigger business

Friday, 24 June 2016, 1:43 pm | BusinessDesk

June 24 (BusinessDesk) - Ryman Healthcare's board will ask shareholders to sign off on a 9 percent pay rise for directors as they cope with an increasingly larger retirement village operator. More >>

New health and safety guide for mariners

Friday, 24 June 2016, 1:39 pm | Maritime New Zealand

Maritime NZ has developed two new publications aimed at increasing maritime operators’ understanding of their health and safety obligations under the Health and Safety at Work Act (HSWA) 2015. More >>

Southern Cross release top claims for each age group

Friday, 24 June 2016, 12:37 pm | Southern Cross

Southern Cross Health Society has released the top five surgical claims by paid total for men and women in each age bracket. More >>

Quayside Holdings Takes Significant Stake in HoneyLab

Friday, 24 June 2016, 12:16 pm | Honey Lab

Deal gives Quayside a significant stake in the rapidly-growing BoP healthcare company 22 June 2016 – Quayside Holdings, has today announced that they have taken a significant stake in the Bay of Plenty-based healthcare company HoneyLab. The investment, facilitated ... More >>

NZ dollar spikes then drops as UK results dribble in

Friday, 24 June 2016, 11:54 am | BusinessDesk

June 24 (BusinessDesk) - The New Zealand dollar jumped to a 13-month high of 73 US cents before tumbling to 71.75 cents as traders reacted in an illiquid market to results trickling out from the UK's referendum on whether to leave the European Union. More >>

Russell holiday parks clean up at national awards

Friday, 24 June 2016, 11:46 am | Next Generation Holiday Parks

Two local holiday parks have beaten out some stiff competition to collect three awards between them at Wednesday night’s Holiday Accommodation Parks of New Zealand (HAPNZ) annual conference awards dinner. More >>

Xero to turn profitable from 2020, Morningstar predicts

Friday, 24 June 2016, 11:26 am | BusinessDesk

June 24 (BusinessDesk) - Xero will start turning profits from 2020 as it continues to grow its customer base in North America and the UK, says Morningstar. More >>

Are you covered?

Friday, 24 June 2016, 11:25 am | Canstar Blue

Auckland, Friday 24 June: A new survey from consumer satisfaction company Canstar Blue shows a concerning trend; fewer New Zealanders are confident they have enough insurance cover for their home and contents. More >>

Panasonic launches 4K Ultra-High Definition Blu-ray Player

Friday, 24 June 2016, 11:00 am | Panasonic

Auckland, 24 June 2016 - Panasonic New Zealand has today unveiled New Zealand’s first 4K Ultra-High Definition (UHD) Blu-ray Player, the DMP-UB900, an exciting new product that brings breath-taking picture quality, far better than the cinema into ... More >>

APN reaches $36.3 million tax settlement with IRD

Friday, 24 June 2016, 10:57 am | BusinessDesk

June 24 (BusinessDesk) - Australian publisher APN News & Media has reached a binding heads of agreement with the Inland Revenue Department to settle its alleged tax avoidance case and other disputed tax issues for $36.3 million. More >>

International Visitor Arrivals to New Zealand

Friday, 24 June 2016, 10:56 am | Statistics New Zealand

The latest edition of International Visitor Arrivals to New Zealand (IVA) is now available on the Statistics New Zealand website. More >>

SMIB Partner with Bartercard

Friday, 24 June 2016, 10:50 am | Sustainable Mortgage and Insurance Brokers

Sustainable Mortgage & Insurance Brokers Director Farida Davis is pleased to announce a newly signed agreement with Bartercard NZ to allow Bartercard’s 7000 members the ability to pay for a range of Insurance Products using their Bartercard ... More >>

Fellet makes modest purchases of Sky TV shares

Friday, 24 June 2016, 10:41 am | BusinessDesk

June 24 (BusinessDesk) - Sky Network Television chief executive John Fellet has increased his modest holding in the pay-TV operator ahead of a special meeting of shareholders next month to vote on a merger with Vodafone Group that would create ... More >>

Miscanthus New Zealand widens its horizons

Friday, 24 June 2016, 10:41 am | Miscanthus NZ

The Te Awamutu based company, Miscanthus New Zealand Limited (MNZ), is moving to widen the appeal of Miscanthus products. This company, which over the last 6 years has been introducing to New Zealand the sterile perennial 4 m tall woody grass called ... More >>

Due diligence continuing

Friday, 24 June 2016, 10:28 am | NZ Post

Due diligence on the proposed sale of 45% of NZ Post's stake in Kiwibank to the New Zealand Superannuation Fund and the Accident Compensation Corporation (ACC) is progressing well, the parties said today. More >>

Te Omanga Hospice revamps retail operation

Friday, 24 June 2016, 10:12 am | Te Omanga Hospice

Te Omanga Hospice , the Hutt Valley specialist palliative care provider, today announced that it had signed a lease for a warehouse and would be closing its shop on Petone’s Jackson Street. More >>

Success of Auckland and Waikato Exporters Celebrated

Friday, 24 June 2016, 10:08 am | Fuseworks

Well established Waikato Milking Systems has taken out the supreme award for the 2016 Air New Zealand Cargo ExportNZ Awards for Auckland and Waikato regions. More >>

Jetstar launches international winter evening flights

Friday, 24 June 2016, 10:06 am | Jetstar

Jetstar will become the first international airline to operate after-dark flights to Queenstown when its Melbourne-Queenstown service touches down in the southern lakes resort at 7.20pm this evening. More >>

Gallagher Named Exporter of the Year

Friday, 24 June 2016, 10:02 am | Gallagher Holdings Limited

AUCKLAND, NEW ZEALAND – Gallagher is continuing to gain recognition for its commitment to international markets, picking up two prestigious awards at the 2016 Air New Zealand Cargo ExportNZ Awards tonight. More >>

Real-time visualisation of 3D geochemical data

Friday, 24 June 2016, 9:57 am | ARANZ Geo Limited

CHRISTCHURCH, NZ - June 23, 2016 - ARANZ Geo Limited, developer of 3D geological modelling software Leapfrog, and REFLEX, developer of REFLEX ioGAS geochemical exploratory data analysis software, report continued success three years on from the launch of ... More >>

2degrees extends 4G coverage on the North Shore

Friday, 24 June 2016, 9:45 am | 2degrees Mobile

2degrees is extending its 4G coverage on the North Shore even further to include Browns Bay, Campbells Bay, Mairangi Bay, Rothesay and Torbay. More >>

Tech leader backs local with formation of technology company

Friday, 24 June 2016, 9:36 am | Vo2

Westpac Waikato Business Excellence Awards Leader of the Year, Jason Trower has gone all in on regional business with the formation of a new technology company, consolidating his Waikato and Bay of Plenty businesses. More >>

HiFX Morning Update - June 24 2016

Friday, 24 June 2016, 8:54 am | HiFX

The NZDUSD opens at 0.7253 (mid-rate) this morning. The NZD rallied against the majority of its trading partners overnight with the JPY weakening 2.6% and the GBP unchanged versus the Kiwi. More >>

NZ dollar jumps as UK judged likely to stick with Europe

Friday, 24 June 2016, 8:51 am | BusinessDesk

June 24 (BusinessDesk) - The New Zealand dollar jumped above 72 US cents for the first time in more than a year as confidence that UK voters will stick with the European Union firmed ahead of today's historic vote. More >>

MARKET CLOSE: NZ shares rise before Brexit vote

Friday, 24 June 2016, 8:44 am | BusinessDesk

June 23 (BusinessDesk) - New Zealand shares rose as markets speculated the UK will vote to remain in the European Union. Vital Healthcare Property Trust and Summerset Group gained, while Nuplex Industries dropped as its acquisition by Allnex may be ... More >>

While you were sleeping: Stocks, pound rally as UK votes

Friday, 24 June 2016, 7:51 am | BusinessDesk

June 24 (BusinessDesk) - Equities on both sides of the Atlantic rose as investors awaited the outcome of a British referendum about the UK’s membership in the European Union, as recent surveys suggested more voters favoured the “Remain” option. More >>

Marlborough Wine Estates Group to List on NXT

Thursday, 23 June 2016, 5:36 pm | Marlborough Wine Estates Group

AUCKLAND, NEW ZEALAND: Premium wine maker, Marlborough Wines Estates Group Limited (MWE) has today confirmed that it will become the third wine company to list on the New Zealand stock exchange when it joins the NXT market as a compliance listing next ... More >>

Error prevention and VR learning win HealthTech awards

Thursday, 23 June 2016, 5:34 pm | BusinessDesk

June 23 (BusinessDesk) - A medical device aimed at preventing medication errors in hospitals and a virtual reality simulator for teaching radiologists are winners of this year’s HealthTech awards. More >>

Time to learn from the wreckage: CAA

Thursday, 23 June 2016, 5:29 pm | Civil Aviation Authority

The Civil Aviation Authority has hit the road, bringing its annual AvKiwi Safety Seminar to Wellington. More >>

Prime Minister Opens New Glass Processing Plant

Thursday, 23 June 2016, 5:26 pm | Stake Glass

Operations Manager, Jon Cole, (front right) and Cutting Supervisor, David Miranda, (front left) discuss the glass cutting process with Rt Hon John Key and Hon Nicky Wagner, at the official opening of the Stake Glass processing plant in Christchurch. ... More >>

Discussion Paper: Inflation expectations and low inflation

Thursday, 23 June 2016, 5:22 pm | The Reserve Bank of New Zealand

A new discussion paper by Ozer Karagedikli and John McDermott has been published on the Reserve Bank’s website. More >>

NZ dollar little changed near 12-month high

Thursday, 23 June 2016, 5:17 pm | BusinessDesk

NZ dollar little changed near 12-month high, may push higher if UK stays in the EU More >>

Not just the UK to worry about with Brexit

Thursday, 23 June 2016, 5:09 pm | Beef And Lamb NZ

Beef + Lamb New Zealand says those who think Brexit won’t have an impact on trade because the United Kingdom (UK) only takes 2% of New Zealand’s exports, are missing the point, it’s the whole of the European trade we should be looking at. More >>

“Solid Result” for SBS Bank Providing Platform for Growth

Thursday, 23 June 2016, 4:54 pm | SBS Bank

SBS Bank is reporting a solid result for the financial year ending 31 March 2016 with an operating surplus of $27.7 million, a 6% increase on the $26.1 million reported last year. More >>

SBS Bank lifts annual profit

Thursday, 23 June 2016, 4:54 pm | BusinessDesk

June 23 (BusinessDesk) - SBS Bank, New Zealand's biggest building society, lifted annual profit 2.8 percent in 2016 as it worked to improve its presence in Auckland. More >>

Govt grants should fund Kiwi tech pilots, founder says

Thursday, 23 June 2016, 4:51 pm | BusinessDesk

Govt grants should fund Kiwi tech pilots rather than hand out cash, start-up founder says More >>

O:Tu winemaker Marlborough Wine Estates to join NXT

Thursday, 23 June 2016, 4:49 pm | BusinessDesk

June 23 (BusinessDesk) - Marlborough Wine Estates Group, the Chinese-owned maker of O:Tu and Music Bay wine brands, will join the NXT market next week in a compliance listing valuing it at $14.7 million. More >>

 

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