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Latest Business Headlines

Our buildings finally to be as good as our sail boats

Thursday, 29 June 2017, 12:26 pm | Pro Clima

The opening of New Zealand’s pro clima HUB, Centre for Advanced Building Systems, marks the beginning of the New Zealand building industry attempting to do the same in its field. More >>

Sweet international award success strikes a second time

Thursday, 29 June 2017, 12:20 pm | Hogarth Craft Chocolate

Sweet international award success strikes a second time in two weeks for Hogarth Craft Chocolate Nelson-based fine chocolate producer Hogarth Craft Chocolate has secured a second raft of global awards wins in two weeks, taking home four gold awards ... More >>

Tradestaff celebrates success of migrant worker programme

Thursday, 29 June 2017, 12:19 pm | Tradestaff

Tradestaff is celebrating the success of the Canterbury Trade Pilot Initiative Programme. More >>

Trilogy to buy controlling stake in Lanocreme maker Lanocorp

Thursday, 29 June 2017, 12:11 pm | BusinessDesk

June 29 (BusinessDesk) - Trilogy International, the scented candle and beauty products maker grappling with rising raw material costs, will spend $13.8 million buying control of smaller rival Lanocorp's New Zealand and Australian businesses. More >>

MBIE launches online labour market data hub

Thursday, 29 June 2017, 12:08 pm | Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employment today released the Labour Market Dashboard – a one-stop self-service tool which displays labour market information from many different sources in one place. More >>

Te Araroa trail contributing millions to regional NZ

Thursday, 29 June 2017, 11:51 am | Te Araroa- The Long Pathway

Business is booming for cafés, dairies, campsites and other enterprises along the length of New Zealand’s national Te Araroa Trail. More >>

NZ dollar falls to 3-week low against pound

Thursday, 29 June 2017, 11:50 am | BusinessDesk

June 29 (BusinessDesk) - The New Zealand dollar fell to a three-week low against the pound after Bank of England governor Mark Carney signalled it may be necessary to remove some of the bank's monetary stimulus, suggesting interest rates could be ... More >>

How to save money by reducing software licence costs

Thursday, 29 June 2017, 11:43 am | Crucial

AUCKLAND, 29 June 2017 – Every year, server software licence costs consume more and more of your IT budget, which is increasingly stretched thin. In the era of software-defined everything, licensing costs are often thought of as fixed costs – but they don’t ... More >>

Transpower To Improve Power Supply in Hawkes Bay

Thursday, 29 June 2017, 11:35 am | Transpower

Transpower announced today that it will begin improvements totalling $5.5million at Redclyffe, Whirinaki and Wairakei (Taupo) substations, and on the major transmission line into the Hawkes Bay region in September 2017. The work will improve reliability ... More >>

While you were sleeping: Rate hikes ahead

Thursday, 29 June 2017, 11:01 am | BusinessDesk

June 29 (BusinessDesk) - Wall Street advanced amid fresh economic optimism after central bank chiefs in the UK and Canada signalled interest rates increases ahead. More >>

Finding A Value for Sunshine

Thursday, 29 June 2017, 10:53 am | MOTU

It is a truth commonly acknowledged that a house that gets more exposure to sunlight is more attractive, especially in ‘temperate’ climates like New Zealand’s. Until now, however, the value of that sunshine has not been calculated. More >>

More work-ready staff needed for growing sector

Thursday, 29 June 2017, 10:45 am | The Central Economic Development Agency

The logistics and distribution sector, including wholesale trade, is showing signs of staff and skills resource constraints with 700 local positions needing to be filled in the next five years. More >>

OneSmart™ the smartest choice for travellers

Thursday, 29 June 2017, 10:31 am | Air New Zealand

Air New Zealand has scooped the Canstar Travel Money Awards with its OneSmart card awarded Travel Money Card of the Year. More >>

What to Pack in Your Wallet for That Overseas Trip

Thursday, 29 June 2017, 10:28 am | Canstar

With the New Zealand dollar still doing well against the Australian dollar and the Pound, now is a pretty tempting time to book the tickets, zip up the backpack and head on that longed for OE. But what’s the best way to spend your hard earned cash ... More >>

TeamTalk finalises new 3-year banking facility

Thursday, 29 June 2017, 10:18 am | TeamTalk

TeamTalk Limited (NZX: TTK) is pleased to announce that it has now signed their new banking facility with Westpac New Zealand Limited. The new facility for the company runs through and until 31 March 2020 to replace the existing facility which expires ... More >>

BNZ Closed for Good project submissions open today

Thursday, 29 June 2017, 10:14 am | BNZ

BNZ is today asking community groups to put their hands up for support as Closed for Good project submissions open. More >>

Investor Confidence Ratings released

Thursday, 29 June 2017, 10:09 am | New Zealand Treasury

The Treasury has today released the latest round of Investor Confidence Rating (ICR) results for nine public sector agencies. The release shows five of nine agencies assessed received either an ‘A’ or ‘B’ rating (on the scale of A to E). “The ... More >>

Rockit Global is Hawke’s Bay Exporter of the Year

Thursday, 29 June 2017, 9:56 am | Export NZ

Specialist apple grower Rockit Global has been named ExportNZ Hawke’s Bay’s ASB Exporter of the Year. More >>

Arable Farmers Honoured with Inaugural Awards

Thursday, 29 June 2017, 9:46 am | Federated Farmers

The best and brightest of the country’s arable industry was celebrated and honoured at last night’s Federated Farmers’ Arable Industry Conference and AGM at Lincoln. More >>

Qatar Fire Safety Systems & Equipment Projected Growth 6.2%

Thursday, 29 June 2017, 9:44 am | 6Wresearch

6Wresearch has recently published a new report titled “Qatar Fire Safety Systems & Equipment Market (2017–2023)” report provides in-depth analysis with 66 figures and 10 tables covered in more than 135 pages . The report estimates and forecast ... More >>

NZ Fire Service becomes 100th Spark Service customer

Thursday, 29 June 2017, 9:31 am | Spark

Spark has announced today that New Zealand Fire Service has become the 100th Telecommunications as a Service (TaaS) customer. More >>

Narva Product Recall

Thursday, 29 June 2017, 9:05 am | Narva NZ

Narva New Zealand Limited (NNZL) is recalling its Projecta Intelli-Start Jumpstarter IS900E and IS1200E series packs due to a potential overheating issue, resulting in self-ignition, during and/or after use. The safety and wellbeing of customers is ... More >>

Powerhouse calls special meeting to dump Blair Bryant

Thursday, 29 June 2017, 9:00 am | BusinessDesk

June 28 (BusinessDesk) - Powerhouse Ventures has called a special meeting of shareholders to vote on removing Blair Bryant from the board of the ASX-listed, Christchurch-based technology incubator because its former chairman hasn't left voluntarily since it ... More >>

HiFX Morning Update, June 29 2017

Thursday, 29 June 2017, 8:54 am | HiFX

With Central Bank press releases taking centre stage the GBP has been the strongest performing currency over the past 24hrs, after Bank of England (BOE) Governor Mark Carney suggested interest rates could rise. Mr Carney speaking at the European Central ... More >>

MARKET CLOSE: NZ shares mixed, SkyCity drags market down

Wednesday, 28 June 2017, 9:04 pm | BusinessDesk

June 28 (BusinessDesk) - New Zealand shares were mixed, with most of the market including Summerset Group Holdings and Westpac Banking Corp rising but a big trade in Sky City Entertainment tipping the index down. More >>

REPEAT: Shell NZ narrows FY loss

Wednesday, 28 June 2017, 9:03 pm | BusinessDesk

June 26 (BusinessDesk) - Shell New Zealand is keen to find suitors for its remaining New Zealand assets after the sale of its Kapuni onshore field helped narrow its loss in the year to December while Austrian oil and gas producer OMV AG's New Zealand ... More >>

NZ dollar steady, volatility possible as ECB forum continues

Wednesday, 28 June 2017, 9:02 pm | BusinessDesk

June 28 (BusinessDesk) - The New Zealand dollar spent the day treading water after its overnight tumble when European Central Bank president Mario Draghi hinted the ECB might start winding down its stimulus. The local currency could see further volatility ... More >>

C3 picked to run Tainui's Ruakura inland port

Wednesday, 28 June 2017, 9:01 pm | BusinessDesk

June 28 (BusinessDesk) - C3, the local on-wharf logistics firm owned by Linx Cargo Care Group, has been picked out of seven bids to operate Waikato-Tainui's inland port at Ruakura on Hamilton's city limits. More >>

Another New Zealand software success story

Wednesday, 28 June 2017, 4:40 pm | Magic Chrono

Another New Zealand software success story, Inspired by Grant Dalton's recent words finally revealed! More >>

Social Development prices social housing liability at $16.4B

Wednesday, 28 June 2017, 3:43 pm | BusinessDesk

June 28 (BusinessDesk) - The Ministry of Social Development has released its first valuation of the social housing system, part of the government's "social investment" approach to data collection and analysis. More >>

Greenpeace report verging on hysteria in election year

Wednesday, 28 June 2017, 3:32 pm | Federated Farmers

Federated Farmers is disappointed Greenpeace has resorted to sensationalist rhetoric in a report published today that implies agriculture and related activities are a threat to all New Zealanders’ health. More >>

Holcim NZ turns to full-year loss

Wednesday, 28 June 2017, 3:17 pm | BusinessDesk

June 28 (BusinessDesk) - Holcim New Zealand, the local unit of the world's biggest cement maker, posted a full-year loss after it changed its business away from manufacturing and into importing and distribution, incurring higher distribution costs. More >>

Local LINK Business Sales Clean Up Awards

Wednesday, 28 June 2017, 3:10 pm | Link

LINK Bay of Plenty and Waikato have yet again come away from the LINK New Zealand annual awards with outstanding results. After 8 years of significant and consistent growth, the success story behind selling businesses continues. More >>

Emergent at centre of major expansion drive in Waikato

Wednesday, 28 June 2017, 2:52 pm | Emergent

Emergent, New Zealand’s leading recruitment experts are launching a rapid expansion drive, incentivised by a growing economy and skills shortage in the Waikato region. More >>

Game-changing document automation software released

Wednesday, 28 June 2017, 2:49 pm | Automio

Kiwi software as a service (SaaS) startup Automio has launched an innovative automation software and smart document marketplace which will be a business game-changer. More >>

TGH and LINX join forces at Ruakura

Wednesday, 28 June 2017, 2:27 pm | Joint Press Release

The Waikato-Tainui owned Ruakura inland port development has taken a major step forward with the announcement today of a joint venture partnership with a world-class port operator. More >>

Shell NZ narrows FY loss, OMV's NZ unit moves back to profit

Wednesday, 28 June 2017, 2:18 pm | BusinessDesk

June 26 (BusinessDesk) - Shell New Zealand is keen to find suitors for its remaining New Zealand assets after the sale of its Kapuni onshore field helped narrow its loss in the year to December while Austrian oil and gas producer OMV AG's New Zealand ... More >>

Petya Ransomware Attack: What You Need to Know and Do

Wednesday, 28 June 2017, 2:08 pm | Aura InfoSec

Petya Ransomware Attack: What You Need to Know and Do A new strain of ransomware, known as ‘Petya’, has impacted individuals, private companies and public organisations including banks, airports and government organisations across Europe over the last ... More >>

Petya Ransomware Response

Wednesday, 28 June 2017, 12:56 pm | Bass PR

CyberArk, Ivanti, LogRhythm, Malwarebytes and Tenable More >>

Promapp Checks In At Credit Union South

Wednesday, 28 June 2017, 12:51 pm | Promapp

Auckland, 28 June 2017 – Promapp, a leading provider of cloud-based business process management software, has won a contract to support digital process innovation at Credit Union South, one of New Zealand’s oldest and most established credit unions. ... More >>

Outlook for NZ economic growth positive

Wednesday, 28 June 2017, 12:40 pm | BusinessDesk

June 28 (BusinessDesk) - The outlook for New Zealand's economic growth remains positive, albeit with considerable uncertainty remaining, especially internationally, the Reserve Bank says in its 2017-2020 Statement of Intent. More >>

SkyCity chair Chris Moller to retire

Wednesday, 28 June 2017, 12:22 pm | BusinessDesk

June 28 (BusinessDesk) - SkyCity Entertainment Group said chair Chris Moller will retire from New Zealand's only listed casino company at the end of this year, and be replaced by its new director Rob Campbell. More >>

Summerset says 2017 underlying earnings may rise by 33%

Wednesday, 28 June 2017, 12:06 pm | BusinessDesk

June 28 (BusinessDesk) - Summerset Group, the best-performing retirement village stock in the past 12 months, said 2017 underlying earnings may rise as much as 33 percent, driven by new sales of occupation rights to its units. More >>

Digital investment worthwhile

Wednesday, 28 June 2017, 11:53 am | Business NZ

Investment in digital technologies in schools will be highly worthwhile, says BusinessNZ. More >>

NZ dollar tumbles vs euro

Wednesday, 28 June 2017, 11:42 am | BusinessDesk

June 28 (BusinessDesk) - The New Zealand dollar dropped to a two-week low against the euro after European Central Bank president Mario Draghi talked up the prospects for Europe's economic recovery and signs that inflation is stirring. More >>

Te Puni Kōkiri supporting Māori led developments

Wednesday, 28 June 2017, 11:17 am | Te Puni Kokiri

Te Puni Kōkiri has signed agreements with the Māori Women’s Development Inc. (MWDI) and NZ Māori Tourism (NZMT) today ahead of plans to invest more than $15 million into both agencies over the next three years. TPK chief executive Michelle ... More >>

While you were sleeping: Stocks slide

Wednesday, 28 June 2017, 11:05 am | BusinessDesk

June 28 (BusinessDesk) - Equities on both sides of the Atlantic fell as central bank chiefs signalled an easing of monetary stimulus. More >>

Petya ransomware impacting large organisations

Wednesday, 28 June 2017, 10:44 am | Symantec

This new strain of the Petya ransomware started propagating on June 27, 2017, infecting many organisations. Similar to WannaCry , Petya uses the Eternal Blue exploit to propagate itself. More >>

Farmers Feeling Less Stress From Their Banks

Wednesday, 28 June 2017, 10:43 am | Federated Farmers

Pressure on farmers appears to be easing a little on the back of an improved farming outlook, according to Federated Farmers’ latest Banking Survey undertaken in May by Research First. More >>

Waikato’s ‘rock star’ supermarket checkers named

Wednesday, 28 June 2017, 10:33 am | Foodstuffs Limited

Last night, more than 100 checkout operators from New World and PAK’nSAVE stores across the Waikato region took to the tills onstage at Claudelands Arena to compete for the chance to be named Checker of the Year in Foodstuffs North Island’s annual ... More >>

RARE WOW FOOTAGE RELEASED

Wednesday, 28 June 2017, 10:24 am | Warbirds Over Wanaka

Wanaka: Rare and historic footage from two of the very earliest Warbirds Over Wanaka International Airshows has been uncovered and released on DVD for the first time. More >>

CROWN-MĀORI RELATIONSHIP EVOLVES AS $50B INDUSTRY GROWS

Wednesday, 28 June 2017, 10:15 am | Chapman Tripp

Continued growth in the Māori economy off the back of what has been a tumultuous Treaty settlement process will see more active participation of iwi groups in New Zealand’s domestic M&A market, Chapman Tripp says. More >>

Statement of Intent Outlines RBNZ’s Priorities

Wednesday, 28 June 2017, 10:11 am | Reserve Bank

The Reserve Bank's commitment to price and financial stability in an uncertain global environment is underlined in the Bank's Statement of Intent ( SOI ) for 2017-2020. More >>

GO Rentals Leads Industry with First Qualmark Gold Award

Wednesday, 28 June 2017, 10:09 am | GO Rentals

GO Rentals today announced its newly received Qualmark Gold Sustainable Tourism Award, the first business in the New Zealand car rental industry to accomplish the prestigious, internationally-recognised rating for excellence in sustainable business ... More >>

Frucor Beverages Announces Name Change to Frucor Suntory

Wednesday, 28 June 2017, 10:07 am | Frucor Beverages

Frucor Beverages New Zealand has today announced that its company name has changed to Frucor Suntory , effective immediately. More >>

High Court judgement creates confusion

Wednesday, 28 June 2017, 9:58 am | Seafood New Zealand

The seafood industry will examine the High Court's decision on the role of regional councils in marine management to understand its full implications. More >>

Qrious launches Qonnect, high performance big data platform

Wednesday, 28 June 2017, 9:53 am | Qrious

Qrious, the big data and analytics software business owned by Spark NZ, announced today the launch of the highly anticipated Qrious ‘Qonnect’ big data platform, an end-to-end data management and analytics solution. The cloud-based platform-as-a-service ... More >>

Leading NZ agents recognised in Australia

Wednesday, 28 June 2017, 9:44 am | Century 21 Real Estate

Century 21’s Australasian convention held in Surfers Paradise this month singled out several legendary and leading Kiwi real estate agents, reflecting Century 21’s growing recognition and strength in the New Zealand marketplace,” says Geoff Barnett, ... More >>

Reporting on the Real Value of Social Investment

Wednesday, 28 June 2017, 9:30 am | Te Whanau O Waipareira Trust

Te Pou Matakana (TPM) chair Merepeka Raukawa-Tait says, “An increasing number of organisations have developed measures for outputs of their activities and programmes, yet measuring outputs is not the same as measuring impact or long term success of ... More >>

Consumer NZ issues dating site warning

Wednesday, 28 June 2017, 9:22 am | Consumer NZ

Consumer NZ chief executive Sue Chetwin says Private Event is run by the owner of a company called Get Design and Sales that left consumers thousands of dollars out of pocket. More >>