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Latest Business Headlines

Partners Leave Russell McVeagh to Establish Anderson Lloyd

Saturday, 26 July 2014, 10:05 am | Anderson Lloyd

In one of the legal fraternity’s most significant moves in recent years, three Russell McVeagh partners have joined forces to form the new Auckland office of Anderson Lloyd, one of the South Island’s largest law firms. More >>

MARKET CLOSE: NZ shares gain, led by Xero

Friday, 25 July 2014, 6:07 pm | BusinessDesk

July 25 (BusinessDesk) - New Zealand shares rose, led by Xero after investors gained confidence about the cloud-based accounting software firm's US expansion plans following upbeat comments at the company's annual meeting this week. More >>

NZ dollar heads for 1.4% weekly drop post-Wheeler comments

Friday, 25 July 2014, 5:43 pm | BusinessDesk

Jul. 25 (BusinessDesk) - The New Zealand dollar is heading for a 1.4 percent weekly fall against the greenback after Reserve Bank governor Graeme Wheeler talked down the local currency and signalled conditions were ripe for intervention. More >>

Puhoi - Warkworth "holiday highway" gets the big tick

Friday, 25 July 2014, 5:40 pm | BusinessDesk

July 25 (BusinessDesk) - A board of inquiry has given the go-ahead on the $760 million Puhoi-to-Warkworth highway. More >>

Unison Announces Solid Result for 2013/14 Year

Friday, 25 July 2014, 5:37 pm | Unison

Friday 25 July 2014 - Hawke’s Bay consumer-owned lines company, Unison Networks, today announced a solid result for the 2013/14 financial year, declaring a $9.446 million dividend for its shareholders, the Hawke’s Bay Power Consumers’ Trust. More >>

Trustpower Limited First Quarter Operating Results

Friday, 25 July 2014, 5:36 pm | TrustPower

Trustpower’s operating statistics for the quarter ended 30 June 2014 together with prior period comparatives are provided at the end of this announcement. More >>

How to increase promoted YouTube video views?

Friday, 25 July 2014, 5:23 pm | FIRST digital

An insightful case study from FIRST, a leading digital marketing agency in Auckland shows how they quickly increased video views for Serato to 500,000 views within one month at a cost per view of $0.03. More >>

Disgraced hotel operator still hasn’t learned

Friday, 25 July 2014, 5:05 pm | Union Network of Migrants

A publicly disgraced Auckland hotel is still not paying their workers the minimum wage, according to the Union Network of Migrants (UNEMIG). More >>

Home loan affordability improves in June

Friday, 25 July 2014, 5:01 pm | Roost Mortgages

Home loan affordability improves in June after house price falls, more than offsetting interest rate rises More >>

The Changing Face of the Global Dairy Industry

Friday, 25 July 2014, 4:32 pm | Oceania Group

Standing in front of the milk powder dryer of Oceania Dairy Limited’s new factory at Glenavy, Shane Lodge has a feeling of deja vu – but with a difference. More >>

The Changing Face of the Global Dairy Industry

Friday, 25 July 2014, 4:27 pm | Oceania Group

Standing in front of the milk powder dryer of Oceania Dairy Limited’s new factory at Glenavy, Shane Lodge has a feeling of deja vu – but with a difference. More >>

Carbon tax axe will boost Australian renewables: Trustpower

Friday, 25 July 2014, 4:20 pm | BusinessDesk

July 25 (BusinessDesk) - Electricity generator Trustpower believes the repeal of Australia's carbon tax will be great for renewable energy, which is likely to be heavily favoured under the federal government's Renewable Energy Targets scheme. More >>

Scent-based speed dating comes to Kiwi shores

Friday, 25 July 2014, 2:40 pm | Findsomeone

Single Kiwis were given the chance to find love using only a person’s natural scent, thanks to a ‘Pheromone Party’ held in Auckland last night by Trade Me’s dating website FindSomeone ( findsomeone.co.nz ). More >>

Funding decision game changer for regional economy

Friday, 25 July 2014, 2:33 pm | Priority one

MEDIA RELEASE: Friday 25 July 2014. Economic development organisation, Priority One, is thrilled with yesterday’s announcement by the Tauranga Energy Consumer Trust to provide a funding contribution of $15 million towards the proposed tertiary ... More >>

NAI Harcourts Hamilton recognised as top performer by REINZ

Friday, 25 July 2014, 2:17 pm | Harcourts

NAI Harcourts Hamilton Commercial has been celebrated at the Real Estate Institute of New Zealand’s annual awards as a standout leader in the commercial and industrial sector. More >>

NZ Consumer Sentiment Stable; Australia Lowest on Record

Friday, 25 July 2014, 2:07 pm | Nielsen NZ

AUCKLAND: 25 July 2014 – New Zealand consumer confidence decreased one index point to 99 in Q2 2014, six points higher than the same time period a year ago (Q2 2013) according to consumer confidence findings from Nielsen, a leading global provider ... More >>

Raygun Reaches Over One Billion Errors Zapped

Friday, 25 July 2014, 2:05 pm | Mindscape

Raygun , the popular error reporting service for web and mobile developers - today smashed through one billion errors processed on behalf of their loyal customer base. A momentous event - meaning the service’s 6,500+ users now have healthier software, ... More >>

Kiwibank exits Goodman Property's $600 mln lending syndicate

Friday, 25 July 2014, 2:02 pm | BusinessDesk

July 25 (BusinessDesk) - Kiwibank has exited a five-year, $30 million lending relationship with Goodman Property Trust, New Zealand's largest listed property investor with the remaining 'big four' banks to boost their funding to $150 million each. More >>

“Significant” investment delivers growth for the NZ tourism

Friday, 25 July 2014, 1:57 pm | The Remarkables

A “significant” and brave investment that is helping the tourism industry succeed was praised by Deputy Prime Minister Bill English today (Friday July 25) when he officially opened the new Curvey Basin chairlift at The Remarkables ski area in Queenstown. More >>

Scales Corporation lists on the NZX Main Board

Friday, 25 July 2014, 1:56 pm | Scales Corporation Ltd

Shares in leading New Zealand agribusiness group Scales Corporation began trading on the NZX Main Board today following the successful IPO that raised $149 million through the sale of new and existing shares. More >>

Chapman Tripp Continues to Advise on National Flow of IPOS

Friday, 25 July 2014, 1:50 pm | Chapman Tripp

Chapman Tripp’s Auckland and Wellington Capital Markets teams have advised Scales Corporation and ikeGPS on this week’s initial public offerings ( IPOs ) and listings on the NZX Main Board. Chapman Tripp has acted for the issuer on six of the nine ... More >>

Spanners fly in Southland: MTA Fastest Spanner 2014

Friday, 25 July 2014, 1:46 pm | Motor Trade Association

Automotive technicians from across Southland battled it out with technique, skill, teamwork and panache for the title of MTA Fastest Spanner: 2014. More >>

Joint agency operation receives second guilty plea

Friday, 25 July 2014, 1:35 pm | Serious Fraud Office

James Stephen Burns (41) has pleaded guilty to Crimes Act charges following a major joint enforcement agency operation (Operation Edit) led by the Serious Fraud Office (SFO). More >>

BPW NZ – Congratulates Business Leaders

Friday, 25 July 2014, 1:31 pm | BPW NZ

The New Zealand Federation of Business and Professional Women (BPW NZ) congratulates all NZ and Australian businesses who entered the YWCA Pay Equity Awards. More >>

NZ businesses still upbeat, confidence on the wane

Friday, 25 July 2014, 1:26 pm | BusinessDesk

July 25 (BusinessDesk) - New Zealand firms remained largely upbeat this month, though confidence is still coming off the boil amid falling dairy prices, a strong currency and rising interest rates, according to ANZ Bank's July Business Outlook survey. More >>

Additional Commercial Vehicles to Meet Demand

Friday, 25 July 2014, 1:18 pm | Hertz

Auckland, New Zealand – 25 July 2014 – Hertz (NYSE:HTZ), the world’s largest general use car rental brand, has introduced two new commercial vehicle lines to its New Zealand fleet following high demand from the infrastructure and agricultural ... More >>

Wellington can’t stand still in traffic congestion

Friday, 25 July 2014, 1:14 pm | Wellington Employers' Chamber of Commerce

The Wellington Employers’ Chamber of Commerce is urging the Government not to wait, says President John Milford. “The overall decision isn’t going to change. As we understand it, we’re simply waiting on finalising aspects of the report – ... More >>

UPDATE: Scales shares edge lower on NZX debut

Friday, 25 July 2014, 12:47 pm | BusinessDesk

UPDATE: Scales shares edge lower on NZX debut raising $30M of new capital to repay debt More >>

New Zealand premium wine sales soar in the UK market

Friday, 25 July 2014, 12:41 pm | New Zealand Winegrowers

New Zealand wine has become the number 2 country of origin in the UK market for wine sold over £7 according to the latest Nielsen data (MAT 21-6-14). New Zealand now sells 18% of all wines sold in this premium price segment, having overtaken Australia ... More >>

Kiwi IP champions enter bold new chapter

Friday, 25 July 2014, 12:39 pm | James and Wells

James & Wells have just entered a new chapter in their 35 year history, and by the looks of their new-look website, it will be a memorable one. More >>

Emirates Opens Own Lounge At Glasgow

Friday, 25 July 2014, 11:55 am | Emirates Airlines

Emirates is celebrating the Commonwealth Games in style with the official opening of its lounge at Glasgow Airport by the airline’s president, Sir Tim Clark. More >>

Drinks Writer launches kiwi CRAFT on Kicks

Friday, 25 July 2014, 11:48 am | Kiwi Craft

Drinks writer and editor of the upcoming magazine Eat NZ Jules van Cruysen released into the wild his first Kickstarter campaign on the morning of Thursday the 24th of July for kiwi CRAFT , a guide book to New Zealand beer, breweries, brewers and ... More >>

Jail-time Possible if Workplace Health and Safety Ignored

Friday, 25 July 2014, 11:37 am | Village PR

Jail-time Possible if Workplace Health and Safety Ignored 25 July 2014 TAURANGA: A leading employment lawyer is warning all New Zealanders to make health and safety a top priority in their workplace to avoid being held accountable under new legislation ... More >>

Currency Weekly AUD-NZD: Book your parity party, but not yet

Friday, 25 July 2014, 11:26 am | HSBC Global Research

Since the 2011 high, the AUD-NZD cross has fallen about 20% and has come close to making new post-float lows. While the latest increase in interest rates from the RBNZ was widely expected. The jawboning of the currency lower as well as the announcement ... More >>

Scales shares edge up 0.6% on NZX debut

Friday, 25 July 2014, 11:06 am | BusinessDesk

July 25 (BusinessDesk) - Shares in Scales Corp increased 0.6 percent on their NZX debut in the fruit and vegetables logistics company's $148 million initial public offer. More >>

Farmers call for OCR pause as exports fall in June quarter

Friday, 25 July 2014, 10:49 am | Federated Farmers

Following yesterday’s increase in the Official Cash Rate and export data for the June quarter, Federated Farmers is relieved the OCR will likely be on hold for the remainder of 2014. More >>

Chinese language visitor website vital to region’s economy

Friday, 25 July 2014, 10:44 am | WellingtonNZ

A new Chinese version of WellingtonNZ.com that’s gone live today is vital to driving further growth out of New Zealand’s second largest visitor market, says Positively Wellington Tourism (PWT) Chief Executive David Perks. The translation of key content ... More >>

Cottonsoft Follows up Dunedin Expansion with Eco Award

Friday, 25 July 2014, 10:37 am | Cottonsoft

Operating in the highly competitive FMCG space, toilet tissue and paper towel manufacturer Cottonsoft is cementing its market leadership following the recent expansion of its Dunedin manufacturing facility. Having earned the sought-after ECNZ (Environmental ... More >>

Aussie investors to sell their NZ vineyard investments

Friday, 25 July 2014, 10:37 am | Bayleys

The strong Kiwi dollar has motivated the Australian investors behind the Marlborough vineyards to place them on the market for sale. More >>

Rotorua Energy Charitable Trust announces annual result

Friday, 25 July 2014, 10:28 am | Rotorua Energy Charitable Trust

The Rotorua Energy Charitable Trust has announced its annual result for the year ending 31 March 2014 at its annual general meeting (AGM) held yesterday (24 July). More >>

ICT reference group to advise IRD's Transformation

Friday, 25 July 2014, 10:18 am | Inland Revenue Department

Inland Revenue is seeking nominations from the New Zealand technology sector for an industry reference group to advise its Business Transformation programme The Information Communications Technology (ICT) Reference Group will be made up of New Zealand ICT ... More >>

ASX-listed InvoCare unit cleared to buy Chch crematoriums

Friday, 25 July 2014, 10:17 am | BusinessDesk

July 25 (BusinessDesk) - The Commerce Commission has cleared the way for ASX-listed InvoCare's Bledisloe New Zealand to buy the 70-year old Cremation Society of Canterbury adding two crematoriums to its New Zealand network. More >>

Bledisloe cleared to acquire Cremation Society

Friday, 25 July 2014, 10:15 am | Commerce Commission

Bledisloe New Zealand cleared to acquire Cremation Society of Canterbury and Harewood Memorial Gardens & Crematorium More >>

Mobile technologies set to take off in primary industries

Friday, 25 July 2014, 10:10 am | Mobile Technology

Drones, or unmanned aerial vehicles, are now regularly appearing in the news and public spaces as their uses multiply. In farming, over the past 12 months, a number of productivity-enhancing applications for primary industries have been deployed ... More >>

Auckland Airport cuts fine deal in US$250M bond issue

Friday, 25 July 2014, 10:03 am | BusinessDesk

Jul. 25 (BusinessDesk) - Auckland International Airport has sold US$250 million of bonds in the final tranche of a financing package to pay for its capital return to shareholders earlier this year at what it says is the lowest borrowing margin for ... More >>

Auckland Airport successfully prices its 2nd USPP issue

Friday, 25 July 2014, 10:01 am | Auckland Airport

Auckland Airport today priced a USD 250 million loan transaction in the United States Private Placement market. The USPP funding is the company’s third and final debt capital markets transaction undertaken this year to refinance the NZD 454 million ... More >>

Fairfax Media NZ Launches National Events Division

Friday, 25 July 2014, 9:47 am | Fairfax Media

Fairfax Media New Zealand today launched a national events division, demonstrating the organisation’s continued diversification beyond its heritage as a traditional print media organisation. Fairfax currently has a number of successful events within ... More >>

20 years of magic captured in Weta’s 20th anniversary books

Friday, 25 July 2014, 9:42 am | Ideas Shop

San Diego, USA: The celebrations of 20 years of film-making from the Weta Group will kick off with the launch today of two stunning books capturing the history of the Weta companies. The books, Weta Digital: 20 Years of Imagination on Screen and ... More >>

Chinese IT Expert to Help New Zealand’s IT Sector Grow

Friday, 25 July 2014, 9:12 am | Think Different

A New Zealand software company is looking to bridge the gap between Kiwi Information Technology firms and the Chinese market from their headquarters in the Queens Arcade, Lower Hutt. More >>

NZ dollar keeps falling, touches fresh six-week low

Friday, 25 July 2014, 9:12 am | BusinessDesk

Jul. 25 (BusinessDesk) - The New Zealand dollar was the weakest major currency overnight, touching a fresh six-week low after Reserve Bank governor Graeme Wheeler yesterday signalled conditions were ripe for currency intervention. More >>

Chorus suspends dividend payments, tweaks banking covenants

Friday, 25 July 2014, 8:56 am | BusinessDesk

Jul. 25 (BusinessDesk) - Chorus, the telecommunications network operator, has suspended dividend payments as regulatory uncertainty weighs on its balance sheet, and has renegotiated its banking covenants to give it some financial breathing space. More >>

While you were sleeping: Wall Street edges to record

Friday, 25 July 2014, 7:34 am | BusinessDesk

July 25 (BusinessDesk) - Wall Street continued its ascent, pushing the Standard & Poor’s 500 Index to another intraday record high, amid solid US jobs data and corporate earnings such as from Facebook. More >>

MARKET CLOSE: NZ stocks rise on Xero's NYSE listing plans

Thursday, 24 July 2014, 5:38 pm | BusinessDesk

MARKET CLOSE: NZ stocks rise on Xero's NYSE listing plans, Telecom climbs to 2008 highs More >>

Doing all we can to support healthy, happy babies

Thursday, 24 July 2014, 5:30 pm | The Baby Show

The Baby Show (ASB Showgrounds from 22 to 24 August 2014) has got your back when it comes to showcasing the latest products that support the health and wellbeing of your beautiful offspring. More >>

New food app puts the microscope on ingredients in foods

Thursday, 24 July 2014, 5:27 pm | Foodeye

Kiwis have an easy new way to make the right food choices to meet their needs with the launch of New Zealand’s latest food app, Foodeye. More >>

Fresh New Look for NZers’ Favourite Herbal Tonic Range

Thursday, 24 July 2014, 5:23 pm | Harker Herbals

New Zealand’s most iconic brand of herbal products is celebrating over 30 years in the market with a fresh new look and name in preparation for its next exciting phase. More >>

NZ dollar slides to 6-week low on intervention talk

Thursday, 24 July 2014, 5:10 pm | BusinessDesk

July 24 (BusinessDesk) - The New Zealand dollar dropped to a six-week low after Reserve Bank governor Graeme Wheeler explicitly invoked one of the criteria to intervene in currency markets in calling the kiwi's strength "unjustified." More >>

We gave Public Transport a V...

Thursday, 24 July 2014, 5:00 pm | V Energy Drink

If you’ve managed to head down to Lower Queen Street today, you may have seen the Auckland Overground, V’s take on Public Transport. More >>

That’s all folks – OCR increases for 2014

Thursday, 24 July 2014, 4:55 pm | Mike Pero Real Estate

"Today's announcement by the Reserve Bank should be the last of the bad news for this year. More >>

Wood Treatment Specialists Converge on Australia and NZ

Thursday, 24 July 2014, 4:50 pm | Forest Industry Engineering Association

Like it or not, thermally and chemically modified wood along with wood plastic composites (WPC’s) are now a commercial reality. They’re already being produced in commercial quantities in both Australia and New Zealand. They’re competing - but can complement ... More >>

 

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