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MARKET CLOSE: NZ shares fall on China jitters, Xero, Pacific

Tuesday, 28 July 2015, 5:32 pm | BusinessDesk

July 28 (BusinessDesk) - New Zealand shares fell in a broad based sell off, as China's stock market volatility spooked investors. Pacific Edge, Xero and Heartland New Zealand all declined. More >>

NZ dollar gains as Beijing tries to support stocks

Tuesday, 28 July 2015, 5:30 pm | BusinessDesk

July 28 (BusinessDesk) - The New Zealand dollar rose after Beijing said it was continuing efforts to support the ailing Chinese stock market, slowing their decline, while locally traders await a speech by the Reserve Bank governor tomorrow. More >>

NZ institutional investors set up new governance forum

Tuesday, 28 July 2015, 4:55 pm | BusinessDesk

July 28 (BusinessDesk) - A group of New Zealand’s leading institutional investors plan to flex their investment muscle over corporate governance through a newly set up forum. More >>

Summary - Survey of Cereal Areas and Volumes

Tuesday, 28 July 2015, 4:44 pm | Foundation for Arable Research

The objective of this AIMI survey of growers was to determine, as at July 1, 2015: More >>

Mitre 10 inducts outstanding contributors into Hall of Fame

Tuesday, 28 July 2015, 4:03 pm | Mitre 10

Mitre 10 inducts outstanding contributors into Hall of Fame One past CEO and two veteran Mitre 10 owners have been inducted into a newly established Mitre 10 Hall of Fame at the retailer’s annual awards dinner, held on 23 July at the Langham ... More >>

Green Cross declares 15 cent special dividend

Tuesday, 28 July 2015, 3:18 pm | BusinessDesk

July 28 (BusinessDesk) - Green Cross Health, formerly known as PharmacyBrands, will return $20.3 million to shareholders through a special dividend after reviewing its capital structure. More >>

Resident Joins Lexus

Tuesday, 28 July 2015, 3:03 pm | Lexus New Zealand

Auckland’s progressive design and manufacturing company, Resident, has joined Lexus New Zealand as a brand partner. More >>

NZ boardrooms fail to keep pace with digital economy

Tuesday, 28 July 2015, 2:16 pm | Grant Thornton

28 July 2015 New Zealand boardrooms are not keeping pace with today’s digital economy, leaving glaring knowledge gaps around the board table. More >>

Maori businesses more optimistic, profitable

Tuesday, 28 July 2015, 1:44 pm | BusinessDesk

July 28 (BusinessDesk) - Maori businesses are more optimistic and recording stronger profit growth than non-Maori firms as the focus of the sector shifts from righting historical grievances to looking to the future, ANZ Bank's 2015 Maori business report ... More >>

VUW and LEADR & IAMA research

Tuesday, 28 July 2015, 1:44 pm | LEADR

VUW and LEADR & IAMA research first step in taking anecdote to evidence on commercial mediation in NZ More >>

SeaDragon Market Update

Tuesday, 28 July 2015, 1:07 pm | SeaDragon

SeaDragon Limited (NZX:SEA) today releases an update to the market detailing the company’s progress towards completing the Omega-3 production plant. The update also includes an overview of; • Key products • The rationale for investment in ... More >>

Civil proceedings discontinued

Tuesday, 28 July 2015, 12:49 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has discontinued its civil proceedings against the directors of Capital + Merchant Finance Limited (CMF). More >>

Greg Kirkwood Elected as Council Deputy Chair

Tuesday, 28 July 2015, 12:44 pm | Fonterra Shareholders Council

The Fonterra Shareholders’ Council has today elected Greg Kirkwood to its Deputy Chair position for a 12 month term. Mr Kirkwood, 45, was first elected to the Council in 2012 and represents Farmers in Waitaki. He farms in Ranfurly, Central Otago with ... More >>

Better regulation for economic growth

Tuesday, 28 July 2015, 11:58 am | Business New Zealand

28 July 2015 Better regulation for economic growth Plans to improve New Zealand’s laws and regulations have been welcomed by BusinessNZ. Regulatory Reform Minister Steven Joyce today announced plans to require higher performance from regulators, ... More >>

Health and safety reforms preserve main principles: Z Energy

Tuesday, 28 July 2015, 11:58 am | BusinessDesk

July 28 (BusinessDesk) - The government's Health and Safety Reform Bill has retained the most important principles that underpinned it and will "over time help to shift how we think about health and safety in New Zealand," says Julian Hughes, ... More >>

A2's Babidge has 730% return upon settling partly-paid stock

Tuesday, 28 July 2015, 11:51 am | BusinessDesk

A2's Babidge sitting on 730% return after settling partly-paid shares worth $4.98 mln More >>

Māori businesses upbeat, leading the way and making profits

Tuesday, 28 July 2015, 11:45 am | ANZ Bank

With a strong asset base, a growing talent pool and high levels of optimism, Māori businesses are shifting their focus to profit and prosperity, New Zealand’s most in-depth business survey has found. More >>

Tourism industry unites to oppose Travel Tax

Tuesday, 28 July 2015, 11:22 am | Joint Press Release

The Government must rethink its new Travel Tax because it is bad policy which will harm New Zealand’s economy, a coalition of tourism, travel and aviation organisations says. More >>

Moves to lift quality of regulation welcomed

Tuesday, 28 July 2015, 11:21 am | New Zealand Bankers' Association

Moves to lift quality of regulation welcomed The New Zealand Bankers’ Association today welcomed the government’s response to the Productivity Commission’s recommendations to improve regulation in New Zealand. “We support any moves to improve the quality ... More >>

Potential savings for Northland residents

Tuesday, 28 July 2015, 11:18 am | Electricity Authority

Potential savings for Northland residents Northlander’s are being urged to check their electricity provider, as switching rates are in decline despite a large increase in retail brands entering the local market. New figures from the Electricity Authority ... More >>

Smartest executives selected for PM's Business Scholarship

Tuesday, 28 July 2015, 11:17 am | Aotearoa Fisheries

For Carolyn Paewai-Young, being a recipient of the Prime Minister’s Business Scholarship means two trips to France next year to one of the world’s most prestigious business schools, and the added knowledge to help grow Palmerston North-based, Prepared Foods. More >>

50% of Wellington households switch electricity providers

Tuesday, 28 July 2015, 11:06 am | Electricity Authority

Over 50% of Wellington households switch electricity providers New figures from the Electricity Authority estimate over half of Wellington households have switched electricity providers in the last five years. The figures show last year over 42,000 ... More >>

Manawatu-Wanganui households likely to switch electricity

Tuesday, 28 July 2015, 11:05 am | Electricity Authority

More than 50% of Manawatu-Wanganui households switch electricity suppliers Households in the Manawatu-Wanganui region are more likely to shop around for a better deal on their electricity, with over 50 percent switching suppliers in the last five years. ... More >>

Taranaki most likely to switch electricity providers

Tuesday, 28 July 2015, 11:04 am | Electricity Authority

Taranaki households most likely to switch electricity providers Households in the Taranaki region are the most active in the electricity market, with 62 percent changing providers once or more in the last five years. New figures from the Electricity Authority ... More >>

Over 50% of Waikato residents switch power suppliers

Tuesday, 28 July 2015, 10:59 am | Electricity Authority

More than 50% of Waikato residents switch electricity suppliers Electricity switching rates in Waikato are the second highest in the country with over half of households switching suppliers in the last five years. New figures from the Electricity Authority ... More >>

Potential savings for Hawke’s Bay households

Tuesday, 28 July 2015, 10:58 am | Electricity Authority

Potential savings for Hawke’s Bay households Hawke’s Bay households are urged to shop around, with only 41% of consumers in the region switching electricity providers in the last five years. New figures from the Electricity Authority estimate last ... More >>

$20 million invested in new New Zealand drama

Tuesday, 28 July 2015, 10:51 am | NZ On Air

$20 million invested in new New Zealand drama Local stories will feature strongly in next year’s television line-ups with NZ On Air investing $20.3 million from its first funding round of the financial year in drama and dramatised documentary. More >>

Aucklanders have greater choice in the electricity market

Tuesday, 28 July 2015, 10:43 am | Electricity Authority

Households in the Auckland region have the greatest choice of electricity suppliers, providing consumers with more options and potential savings of nearly $70,000,000. More >>

SeaDragon sees 60% boost in 2016 sales, positive earnings

Tuesday, 28 July 2015, 10:41 am | BusinessDesk

July 28 (BusinessDesk) - SeaDragon, which this month announced plans for a deeply discounted rights issue, expects annual sales to rise 60 percent in 2016, helping generate positive pretax earnings. More >>

Focus on Regions Welcome

Tuesday, 28 July 2015, 9:51 am | MYOB

The Government’s announcement on Sunday of extra incentives for migrants to settle outside Auckland will be a welcome boost to local economies, according to leading New Zealand software accounting firm MYOB. More >>

REINZ grants JLL four award wins

Tuesday, 28 July 2015, 9:39 am | JLL

AUCKLAND, Tuesday 28th July 2015 - JLL has been officially recognised in four separate categories at the 2015 REINZ Awards for Excellence ceremony held on Thursday evening 23rd July, at Auckland’s Grand Rendezvous Hotel. More >>

The George welcomes two new properties to growing portfolio

Tuesday, 28 July 2015, 9:20 am | The George

The George welcomes two luxury properties to growing portfolio Christchurch’s luxury boutique hotel, The George is adding two high-end properties under its growing Brook Serene Hotel Management portfolio. Hotel Montreal, Christchurch’s only other ... More >>

Drought, weak dairy prices hit NZX agri publications adverts

Tuesday, 28 July 2015, 9:16 am | BusinessDesk

July 28 (BusinessDesk) - NZX, the stock market operator, said advertising in its portfolio of agricultural publications dropped 17 percent in the first half, reflecting the slump in dairy prices and the impact of drought. More >>

Auckland connections with double daily Lisbon flights

Tuesday, 28 July 2015, 9:05 am | Emirates Airlines

Auckland travellers bound for Lisbon will have direct connections at Dubai in each direction when Emirates Airline doubles its service to the Portuguese capital from the beginning of next year. More >>

Summerset buys land in Parnell for new premium site

Tuesday, 28 July 2015, 8:55 am | BusinessDesk

July 28 (BusinessDesk) - Summerset Group, the country's third-biggest listed retirement village operator, has bought a 2.3 hectare site in Auckland's Parnell which it plans to develop as a premium site. More >>

HiFX Morning Update, July 28

Tuesday, 28 July 2015, 8:49 am | HiFX

The NZDUSD opens at 0.6607 (mid-rate) this morning. The NZDUSD has strengthened overnight on the back of broad USD weakness as investors trim their USD long positions ahead of Thursdays FOMC meeting and a growing belief that the Fed may not be in a ... More >>

NZ dollar gains vs. Australian dollar on Chinese stock rout

Tuesday, 28 July 2015, 8:36 am | BusinessDesk

July 28 (BusinessDesk) - The New Zealand dollar rose to a six-and-a-half week high against its trans-Tasman counterpart after a slump in Chinese equities markets weighed more heavily on the currency of Australia, which counts China as its biggest export ... More >>

Govt to 'crowd-source' regulatory advice

Tuesday, 28 July 2015, 7:59 am | BusinessDesk

July 28 (BusinessDesk) - A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More >>

Fonterra hits pause button on equity trust scheme; UBS walks

Monday, 27 July 2015, 5:49 pm | BusinessDesk

July 27 (BusinessDesk) - Fonterra Co-operative Group has put on hold plans to develop an Equity Partnership Trust that would have given its 10,500 farmer suppliers access to investor capital to help them with the compulsory purchase of Fonterra shares ... More >>

MARKET CLOSE: NZ shares fall; MRP, Genesis, Fletcher decline

Monday, 27 July 2015, 5:45 pm | BusinessDesk

July 27 (BusinessDesk) - New Zealand shares fell in lighter than usual trading, led by MightyRiverPower, as investors wait on a decision over the future of the Tiwai Point aluminium smelter. Fletcher Building and Ebos Group declined. More >>

Key blames Labour for barrier to foreign buyer ban

Monday, 27 July 2015, 5:31 pm | BusinessDesk

July 27 (BusinessDesk) - Prime Minister John Key has blamed the way the Labour-led government of the 2000s structured the free trade agreement with China for making it impossible for a future government to impose a ban on land sales to foreign investors, ... More >>

Timatahia te tukunga iho mō tōu whare hou... i roto i te Reo

Monday, 27 July 2015, 5:25 pm | Open2View

Timatahia te tukunga iho mō tōu whare hou... i roto i te Reo Māori! More >>

Drone Services in the Heart of Auckland

Monday, 27 July 2015, 5:19 pm | ASG E-Guard

Working within the new framework of drone rules, ASG E-Guard is now offering a range of services to businesses in the greater Auckland area and beyond. Using state of the art equipment, the company is able to quickly produce the imagery products that ... More >>

NZ dollar drifts ahead of Wheeler speech, FOMC

Monday, 27 July 2015, 5:10 pm | BusinessDesk

July 27 (BusinessDesk) - The New Zealand dollar rose against the US dollar ahead of a speech by Reserve Bank governor Graeme Wheeler on Wednesday and a US interest rate review at the end of the week. More >>

UPDATE: FMA issues first stop to Auckland property investor

Monday, 27 July 2015, 4:58 pm | BusinessDesk

July 27 (BusinessDesk) - The Financial Markets Authority has issued its first stop order under the Financial Markets Conduct Act against Green Gardens Finance Trust Limited (GGFT) which has been taking deposits from people for Auckland property investments ... More >>

G.J. Gardner Homes Named ‘Most Trusted Brand’

Monday, 27 July 2015, 4:34 pm | GJ Gardner

According to independent research commissioned by leading consumer magazine, Reader’s Digest, G.J. Gardner Homes has been named as ‘one of New Zealand’s most trusted brands’. More >>

Housemart continues to lead way

Monday, 27 July 2015, 4:30 pm | Housemart Queenstown

They’ve done it again – the little business that COULD is once again the little business that DOES. More >>

Class suits legn still in purgatory, Appeal Court judge says

Monday, 27 July 2015, 4:15 pm | BusinessDesk

July 27 (BusinessDesk) - Justice Forrest Miller, who sits on the Court of Appeal, says class actions provide an extra avenue to help enforce the Commerce Act, but legislation governing the way they should be run is still "in purgatory." More >>

FMA issues stop order against Green Gardens Finance Trust

Monday, 27 July 2015, 4:04 pm | BusinessDesk

July 27 (BusinessDesk) - The Financial Markets Authority has issued its first stop order under the Financial Markets Conduct Act against Green Gardens Finance Trust Limited (GGFT) and is warning people to be wary of doing business or depositing money ... More >>

Bethunes launchesdeeply discounted rights issue

Monday, 27 July 2015, 3:24 pm | BusinessDesk

July 27 (BusinessDesk) - Bethunes Investments, formerly known as Mowbray Collectables, is looking to raise up to $2.87 million at a 93 percent discount to the current share price, and wants new investors to help keep its struggling auction houses afloat. More >>

Bayer Marlborough Young Viticulturist of the Year 2015

Monday, 27 July 2015, 3:17 pm | Young Viticulturist of the Year

A great win for Matt Duggan from Cloudy Bay, as he becomes the Bayer Marlborough Young Viticulturist of the Year 2015. Six contestants battled it out at the Marlborough Research Centre in Blenheim with their final challenge being to deliver a speech ... More >>

Immigration changes a good step, but growth strategy needed

Monday, 27 July 2015, 3:05 pm | NZMEA

The Government’s immigration changes to encourage more skills and entrepreneurs to the regions is a good step forward and will help address regional skill shortages. However, a wider regional growth strategy is needed to bring new life and sustainable ... More >>

Canterbury students launch ethical business shirt company

Monday, 27 July 2015, 2:49 pm | Make Lemonade

Two University of Canterbury postgraduate students have launched a company which is the first in New Zealand to sell ethically-made organic business shirts. More >>

Kiwi exporters beware of e-commerce

Monday, 27 July 2015, 1:55 pm | Wright Communications

The recent New Balance case should be a big wake up call for Kiwi companies exporting to Asian markets, especially those capitalising on e-commerce to do so. Selling online is a great idea as it gives companies ready access to untapped consumer markets - ... More >>

ASB Farmshed Economics Report

Monday, 27 July 2015, 1:35 pm | ASB Bank

The agriculture sector is down on confidence, with dairy in particular at a low point, according to the latest ASB Farmshed Economics Report. More >>

NZ dollar outlook: Kiwi may trade in range this week

Monday, 27 July 2015, 1:25 pm | BusinessDesk

July 27 (BusinessDesk) - The New Zealand dollar may remain rangebound this week as traders assess their positions ahead of next week's GlobalDairyTrade auction. More >>

G3 reports first quarter metrics in line with targets

Monday, 27 July 2015, 1:12 pm | BusinessDesk

July 27 (BusinessDesk) - G3 Group, the mail operations and document management company which is listed on the new small-cap NXT market, says first-quarter trading was in line with targets. More >>

Heineken extracts fatter annual dividend from DB than profit

Monday, 27 July 2015, 1:06 pm | BusinessDesk

July 27 (BusinessDesk) - For the second year in a row, global beer group Heineken NV has pulled out a bigger dividend than its New Zealand subsidiary, DB Breweries, earned. More >>

Yashili, Danone collaboration to cover new Pokeno milk plant

Monday, 27 July 2015, 12:26 pm | BusinessDesk

July 27 (BusinessDesk) - Chinese-owned Yashili International Holdings will collaborate with French dairy giant Danone on its new $212 million plant in Auckland, as part of a wider deal for the Chinese milk formula maker to buy Danone's Dumex China brand ... More >>

More young adults taking out health insurance: HFANZ

Monday, 27 July 2015, 12:09 pm | Health Funds Association of NZ

More New Zealanders aged 25-35 are taking out health insurance policies, according to statistics released today by the Health Funds Association of New Zealand (HFANZ). More >>


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