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Latest Business Headlines

Air NZ restricts ticket sales as Auck fuel shortage bite

Tuesday, 19 September 2017, 8:46 pm | BusinessDesk

Sept. 19 (BusinessDesk) - Air New Zealand is restricting ticket sales and will cancel some international flights as it deals with the shortage of jet fuel at Auckland International Airport. More >>

MARKET CLOSE: NZ shares up, milk stocks Synlait, A2 gain

Tuesday, 19 September 2017, 8:44 pm | BusinessDesk

MARKET CLOSE: NZ shares up, milk stocks Synlait, A2 gain while Air NZ drops as more flights cancelled More >>

NZ dollar rises but seen as range-bound ahead of election

Tuesday, 19 September 2017, 8:21 pm | BusinessDesk

Sept. 19 (BusinessDesk) - The New Zealand dollar gained although it remains in a tight range as investors await the Federal Reserve meeting for clues on US monetary policy as well as the final opinion polls ahead of Saturday's election. More >>

Alliance buys Singapore marketer Goldkiwi to improve reach

Tuesday, 19 September 2017, 7:56 pm | BusinessDesk

Sept. 19 (BusinessDesk) - Alliance Group, New Zealand's second-largest meat cooperative, has bought Singapore-based marketing and sales company Goldkiwi Asia for an undisclosed amount. More >>

ASX-listed 9 Spokes climbs 9.5% after signing RBC

Tuesday, 19 September 2017, 7:54 pm | BusinessDesk

Sept. 19 (BusinessDesk) - ASX-listed 9 Spokes International shares rose 9.5 percent after the software developer signed a deal with Royal Bank of Canada for the North American bank to provide a white-label version of the company's platform. More >>

Dave Henderson loses appeal against conditions

Tuesday, 19 September 2017, 6:23 pm | BusinessDesk

Sept. 19 (BusinessDesk) - The Court of Appeal has dismissed Christchurch property developer David Henderson's appeal against conditions imposed when he was discharged from bankruptcy including a permanent ban on giving personal guarantees for debts ... More >>

Vodafone Foundation supports cutting edge technology

Tuesday, 19 September 2017, 6:17 pm | Vodafone

Vodafone Foundation supports cutting edge technology solutions for vulnerable young people The Vodafone Foundation’s newest and most innovative programme has been unveiled tonight as part of a ten year strategy to halve the number of disadvantaged ... More >>

Refinery to Auckland pipeline outage update – Tuesday

Tuesday, 19 September 2017, 6:14 pm | Mobil Oil New Zealand

Refinery to Auckland pipeline outage update – Tuesday 19 September The fuel customers of Refining New Zealand said ground fuel supply into Auckland continued to be healthy and there was no shortage of petrol or diesel in and around Auckland. Refining New ... More >>

All hands to the pump at Air New Zealand

Tuesday, 19 September 2017, 5:28 pm | Air New Zealand

It’s all hands to the pump at Air New Zealand as staff step up to the challenges presented by fuel rationing at Auckland Airport. More >>

DCANZ DairyNZ and MPI endorse Dairy Declaration of Rotterdam

Tuesday, 19 September 2017, 4:57 pm | Ministry of Primary Industries

DairyNZ, the Dairy Companies Association of New Zealand (DCANZ) and the Ministry for Primary Industries (MPI) have today endorsed the Dairy Declaration of Rotterdam, marking New Zealand’s commitment towards global sustainable dairy development. More >>

Update 6: Auckland fuel supply issue

Tuesday, 19 September 2017, 4:53 pm | Air New Zealand Public Affairs

Air New Zealand is continuing to experience disruption to its services following the temporary shut-down of Refining New Zealand’s pipeline to Auckland. More >>

The bargaining fee ballot

Tuesday, 19 September 2017, 4:33 pm | ASMS National Direct

The ante penultimate episode of the ASMS DHB MECA negotiations saga is the bargaining fee ballot, which was held at all DHBs in mid to late August. More >>

Pacific coffee and chocolate on show in Auckland this week

Tuesday, 19 September 2017, 4:29 pm | Pacific Trade Invest

Coffee and chocolate products from five Pacific Island countries will be showcased at the fourth Chocolate & Coffee Show on Auckland’s waterfront this weekend. The show features all things related to chocolate and coffee. More >>

Biosecurity partnership continues to grow

Tuesday, 19 September 2017, 4:25 pm | Meat Industry Association

Summerfruit NZ and the Meat Industry Association of New Zealand (MIA) have this week signed the Government Industry Agreement for Biosecurity Readiness and Response (GIA) Deed, joining the fight against pests and diseases that could significantly impact ... More >>

Housing slowdown, election weigh on retirement stocks

Tuesday, 19 September 2017, 4:22 pm | BusinessDesk

Sept. 18 (BusinessDesk) - New Zealand's listed retirement village operators face heightened pressure as cooling house prices and fears a more activist government may win this week's election threaten to end the companies' riding on the coat-tails ... More >>

Late payments rise for second consecutive quarter

Tuesday, 19 September 2017, 4:21 pm | Dun and Bradstreet

Please find attached Dun & Bradstreet’s quarterly report into Late Payments in NZ and key highlights below. Please note that this report provides a summary of how late entities pay for goods and services in NZ after payment is due and was formerly ... More >>

Partnership to help Christchurch businesses to 'get digital'

Tuesday, 19 September 2017, 3:59 pm | Enable Networks

Enable launches new partnership with Canterbury Employers’ Chamber of Commerce to help Christchurch businesses to ‘get digital’ More >>

Queenstown Airport monthly passenger traffic report

Tuesday, 19 September 2017, 3:55 pm | Queenstown Airport

Below is a quick summary of the month’s results compared with the same period last year: More >>

New Shareholder Benefits Programme Launched

Tuesday, 19 September 2017, 3:37 pm | Silver Fern Farms

Dunedin Tuesday 19 September 2017: Silver Fern Farms Co-operative’s new shareholder benefits programme has a suite of incentives designed to reward shareholders and encourage the supply of quality livestock to Silver Fern Farms Limited says Chairman ... More >>

Women’s Suffrage Day to reflect on gender diversity

Tuesday, 19 September 2017, 3:34 pm | New Zealand Law Society

Women’s Suffrage Day an opportunity to reflect on gender diversity in the legal profession More >>

Synlait shares hit record on profit gain

Tuesday, 19 September 2017, 3:22 pm | BusinessDesk

Sept. 19 (BusinessDesk) - Synlait Milk shares rose to a record high after the company posted an 11 percent gain in full-year profit and flagged further growth this year while signalling a move into branded consumer goods. More >>

$1 Billion invested in the AI Ecosystem to Fuel Adoption

Tuesday, 19 September 2017, 3:15 pm | Intel

At Intel we have an optimistic and pragmatic view of AI’s impact on society, jobs and daily life that will mimic other profound transformations – from the industrial to the PC revolutions. Our belief is that AI will bring significant, new opportunities ... More >>

PSA national secretaries vote for equal pay on Suffrage Day

Tuesday, 19 September 2017, 2:35 pm | PSA

Today, PSA national secretaries Erin Polaczuk and Glenn Barclay are advance voting for the 2017 election alongside their daughters, with equal pay and fairness in mind on the 124th anniversary of women’s suffrage in New Zealand. More >>

Where is Taupo’s $30 million Powerball ticket?

Tuesday, 19 September 2017, 2:25 pm | Lotto New Zealand

It’s the $30 million question everyone in Taupo is asking: Where isSaturday’s winning Powerball ticket? More >>

Fuel shortage ultimately a failure to manage rapid growth

Tuesday, 19 September 2017, 2:14 pm | Auckland Chamber of Commerce

Fuel shortage – “ultimately, a failure to manage for our rapid growth” The ruptured fuel pipeline between the Marsden refinery and Auckland Airport is not an airport or an airline fault. “It is not a central government fault either,” said ... More >>

OG Oil & Gas keen on NZX-listing for NZOG

Tuesday, 19 September 2017, 1:57 pm | BusinessDesk

OG Oil & Gas keen on NZX-listing for NZOG in partial bid to keep future capital lines open More >>

Postie forced to work with supervisor who threatened her

Tuesday, 19 September 2017, 1:40 pm | Postal Workers Union of Aotearoa

A postal worker was expected to continue working with her supervisor after the supervisor threatened to kill her, despite New Zealand Post investigating the worker’s complaint and acknowledging that the threat actually happened. More >>

NZ consumer confidence dips in September on future worries

Tuesday, 19 September 2017, 1:18 pm | BusinessDesk

Sept. 19 (BusinessDesk) - New Zealand consumer confidence dropped in the September quarter as the slowing housing market dented optimism about the future, although people felt more upbeat about their current financial situation. More >>

Equifaxis is hackers' first to fall victim

Tuesday, 19 September 2017, 1:09 pm | Equifax

Hackers “Strut” in Again… And Equifax (and 143 million customers) is probably just the first to fall victim More >>

InMobi and Digital Commons Forge Exclusive Partnership in NZ

Tuesday, 19 September 2017, 12:45 pm | Digital Commons

InMobi, the world’s largest independent mobile advertising platform, today announced an exclusive partnership with Digital Commons. This partnership will help agencies and advertisers in New Zealand leverage InMobi’s cutting-edge mobile advertising ... More >>

NZ Tech Company DataTorque Wins in Barbados

Tuesday, 19 September 2017, 12:06 pm | Data Torque

New Zealand technology business DataTorque has won the opportunity to help the Government of Barbados improve its tax efficiency with its Revenue Management System (RMS). More >>

MBIE: Wiri terminal wouldn't have avoided pipeline woes

Tuesday, 19 September 2017, 12:03 pm | BusinessDesk

Sept. 19 (BusinessDesk) - The Ministry of Business, Innovation and Employment says an alternative to the Wiri oil terminal was too expensive and wouldn't have avoided the recent pipeline leak disrupting air services in Auckland because the leak was ... More >>

Lifestyle Property Sales Market Brittle

Tuesday, 19 September 2017, 11:34 am | REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 546 fewer lifestyle property sales (-23.2%) for the three months ended August 2017 than for the three months ended August 2016. Overall, there were 1,808 lifestyle property ... More >>

NZ dollar falls against broadly stronger greenback

Tuesday, 19 September 2017, 11:34 am | BusinessDesk

Sept. 19 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar ahead of the Federal Reserve's two-day policy meeting which may provide hints to how and when the central bank will begin unwinding its massive balance sheet. More >>

Rural Market Waits for Spring Sunshine

Tuesday, 19 September 2017, 11:32 am | REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 82 fewer farm sales (-20.9%) for the three months ended August 2017 than for the three months ended August 2016. Overall, there were 311 farm sales in the three months ... More >>

Cambridge My Kitchen Rules winners open NZ’s bone broth bar

Tuesday, 19 September 2017, 11:25 am | Pead PR

Cambridge besties and My Kitchen Rules NZ winners Neena Truscott and Belinda MacDonald are bringing an international trend to Kiwi shores with the launch of New Zealand’s first pop up broth bar dedicated to organic bone broth. More >>

First half year commercial property transactions moderate

Tuesday, 19 September 2017, 11:23 am | CBRE

Auckland – Transaction volumes have totalled $1,260 million as a result of 67 $5+ million value properties changing ownership in the first half of 2017 according to CBRE’s latest New Zealand Investment Marketview report. More >>

Polycom Sets New Standard in Conference Call Excellence

Tuesday, 19 September 2017, 11:16 am | Polycom

The Modern Conference Phone Turns 25: Polycom Announces New Solutions That Once Again Set Standard in Conference Call Excellence More >>

Ballance Farm Environment Awards Boosts Kiwifruit Orchard

Tuesday, 19 September 2017, 11:12 am | Ballance Farm Environment awards

Entering the Bay of Plenty Ballance Farm Environment Awards encouraged Whakatane kiwifruit growers Iain and Leanne Blackwood to “sharpen their game”. More >>

New Collection for Breakfast Lovers

Tuesday, 19 September 2017, 11:09 am | Alison's Pantry

Household-favourite Alison’s Pantry has launched their new gourmet Breakfast Collection, offering delightfully delicious additions to the self-selection bins. More >>

Switched On - the newsletter of Utilities Disputes

Tuesday, 19 September 2017, 11:01 am | Utilities Disputes

We are pleased to present the third edition of our newsletter, Switched On . Since our last publication, we’ve added a new Scheme - Broadband Shared Property Access Disputes Scheme (BSPAD Scheme) - to our dispute resolution coverage. Resolving complaints ... More >>

While You Were Sleeping: Wall St Sets Fresh Records

Tuesday, 19 September 2017, 10:55 am | BusinessDesk

Sept. 19 (BusinessDesk) - Wall Street moved higher, paring some gains after rallying to record highs amid optimism about the US economic outlook and corporate profits, as investors eyed a meeting by the Federal Reserve which is set to tighten monetary ... More >>

Coretex Certifies ELD Solution

Tuesday, 19 September 2017, 10:29 am | Coretex

Auckland, New Zealand. 19th September 2017, Coretex, a leader in Active Fleet Management Solutions announced that it has certified its ELD solution with the FMCSA. More >>

Online Banking - a Financial Revolution at your Fingertips

Tuesday, 19 September 2017, 9:48 am | Canstar

Online banking - a financial revolution at your fingertips Just over 50 years ago, one of the biggest disruptors in banking history, the ATM was invented by a man who was irritated at not being able to get to his money outside of his banks’ strict ... More >>

Airways Tackles Fuel Shortage with Increased Conservation

Tuesday, 19 September 2017, 9:34 am | Airways New Zealand

New Zealand’s air traffic control provider is implementing fuel conservation measures to help alleviate the impact of the Auckland aviation fuel shortage. It expects up to 10 days of disruption to passengers while Airways enforces stricter air traffic ... More >>

Delivering on Growth Strategy And Reports $38.2M Profit

Tuesday, 19 September 2017, 9:31 am | Synlait

Synlait (NZX: SML; ASX: SM1) has reported their strongest performance yet with a net profit after tax of $38.2 million, double digit growth in profit margins and revenue increasing 39% to $759 million. More >>

Protection of Tenant Rights

Tuesday, 19 September 2017, 9:31 am | NZ Property Investors Federation

“It is important to protect tenant rights,” said Andrew King, executive officer of the NZ Property Investors’ Federation. “However, it is not correct to say that tenants have no rights in New Zealand and that tenancy laws need to be rebalanced ... More >>

95 octane fuel supply into Auckland

Tuesday, 19 September 2017, 9:29 am | Z Energy

Z Energy said good stocks of 95 octane fuel into Auckland were continuing to be trucked and there should be no concern for Z’s 95 octane customers. More >>

Southern Spars Strengthens its Service Capability

Tuesday, 19 September 2017, 9:29 am | Southern Spars

Southern Spars has announced a key appointment to boost the integration of its service activity. More >>

Cadbury releases a new Marvellous Creation!

Tuesday, 19 September 2017, 9:26 am | Cadbury

AUCKLAND, New Zealand – Tuesday 19th September 2017: Ever wondered what it would be like if you threw a surprise party for your taste buds? Well Cadbury Dairy Milk Marvellous Creations is giving you that opportunity. More >>

Greens would lower debt faster than Labour

Monday, 18 September 2017, 9:16 pm | BusinessDesk

Sept. 18 (BusinessDesk) - The Green Party would reduce net Crown debt more quickly than the Labour Party and would continue to run Budget surpluses over the next four years, if it were the government, according to a costed fiscal plan released by the ... More >>

MARKET CLOSE: NZX 50 mixed at the start of election week

Monday, 18 September 2017, 9:07 pm | BusinessDesk

MARKET CLOSE: NZX 50 mixed at the start of election week; NZ Refining, Air NZ fall on pipeline leak More >>

Dollar rises as risk appetite improves

Monday, 18 September 2017, 8:09 pm | BusinessDesk

Sept. 18 (BusinessDesk) - The New Zealand dollar gained as investors became more sanguine about the outcome of Saturday's election, regardless of who wins and as risk appetite improved in Asia. More >>

Vinz wins inspection contract for Tourism Holdings

Monday, 18 September 2017, 8:05 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Vehicle Inspection New Zealand (Vinz), which is owned by Japan's Jevic, has won a safety inspection contract for Tourism Holdings' global fleet of 5,264 vehicles. More >>

Jeff McDowall to succeed Rob McDonald as Air NZ CFO

Monday, 18 September 2017, 8:04 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Jeff McDowall, who is currently Air New Zealand's group general manager corporate finance, will take over from chief financial officer Rob McDonald on Jan 1, 2018. More >>

Refining NZ - Pipeline repair: status update

Monday, 18 September 2017, 7:47 pm | Refining NZ

We are running to schedule with our time-plan for repairing the pipe, returning the pipeline to service and getting jet fuel delivered into Wiri Oil Services Ltd (WOSL). More >>

CentrePort's Hurrycranes resume container operations

Monday, 18 September 2017, 7:44 pm | CentrePort

CentrePort’s two ship-to-shore cranes are back in action today – the first time since last November’s Kaikoura earthquake. More >>

Energy Industry celebrates top achievers

Monday, 18 September 2017, 4:16 pm | Connexis

Energy Industry celebrates top achievers September 18, 2017: The top trainees and trainers in New Zealand’s electricity and telecommunications industry have been recognised at the Connexis Annual Connection Excellence Awards in Hamilton. More >>

Westland Milk shareholders to vote on shrinking board

Monday, 18 September 2017, 4:11 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Westland Milk Products shareholders are to vote on shrinking the board and improving selection processes after criticism that followed the cooperative's $14.5 million loss last year. More >>

Air NZ - Update 4: Auckland fuel supply issue

Monday, 18 September 2017, 4:05 pm | Air New Zealand

Update 4: Auckland fuel supply issue Air New Zealand is continuing to experience disruptions to its services following the temporary shut-down of Refining New Zealand’s pipeline into Auckland that is restricting the volume of fuel available to all airlines ... More >>