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Latest Business Headlines

Let’s make more of KiwiSaver for homeownership

Sunday, 18 August 2019, 1:36 pm | Century 21 Real Estate

Across New Zealand, real estate listings and sales in the second quarter were generally slow, but then July saw an unexpected lift. More >>

This Side up Becomes IAB Awards Finalist

Saturday, 17 August 2019, 5:20 pm | This Side Up

This Side up Becomes IAB Awards Finalist in Two Categories Including NZ Digital Agency of the Year More >>

Celebrating 200 Years of New Zealand Wine

Saturday, 17 August 2019, 11:09 am | NZ Winegrowers

September 25 2019 marks 200 years since the first planting of grapevines in New Zealand. More >>

New Zealand Coastal Seafoods successfully lists on ASX

Saturday, 17 August 2019, 10:23 am | NZ Coastal Seafoods

New Zealand Coastal Seafoods Limited (ASX: NZS) has joined other leading New Zealand food and beverage export companies on the ASX, after recommencing trading of its shares on August 5, 2019. As announced on 23 July 2019, the Company succesfully raised ... More >>

MARKET CLOSE: NZ shares fall as global uncertainty weighs

Friday, 16 August 2019, 8:54 pm | BusinessDesk

MARKET CLOSE: NZ shares fall as global uncertainty weighs on utilities; Sky gains on M&A More >>

NZ dollar withstands poor manufacturing data

Friday, 16 August 2019, 8:25 pm | BusinessDesk

Aug. 16 (BusinessDesk) - The New Zealand dollar is little changed after an attempt to push it down on the back of poor manufacturing data failed to keep it lower. More >>

Bublitz to serve home detention following appeal

Friday, 16 August 2019, 6:51 pm | BusinessDesk

Aug. 16 (BusinessDesk) - A partially successful appeal will see former Viaduct Capital and Mutual Finance executive Paul Bublitz leave prison for home detention after some convictions were quashed. More >>

Global trends plus ultimate comfort put Ziera a step ahead

Friday, 16 August 2019, 6:49 pm | Ziera

Ziera’s collection for spring and summer is all about making a strong statement, whether that’s for work, play or party. More >>

Former G8 boss takes over management of Evolve

Friday, 16 August 2019, 4:35 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Evolve Education's biggest shareholder will take over the day-to-day running of the early childcare education operator in 10 days after chief executive Roseanne Graham handed in her notice. More >>

Cruise value to NZ showing massive growth

Friday, 16 August 2019, 4:28 pm | NZ Cruise Association

The value of cruise to New Zealand is climbing more quickly than other sectors of tourism, with new figures showing a massive climb of 28% in the 2018-19 season. Official figures released by Stats NZ today show cruise is now worth $570 million a year to ... More >>

Ngāi Tahu Holdings Chief Executive resigns

Friday, 16 August 2019, 3:23 pm | Ngai Tahu

Ngāi Tahu Holdings Chief Executive Mike Sang has today announced his resignation, after nearly seven years in the role and a decade working for the iwi. More >>

Precinct boosts earnings, withholds $34m from Fletcher

Friday, 16 August 2019, 3:12 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Precinct Properties has now withheld $34 million from Fletcher Construction for delays on Auckland’s Commercial Bay project, and says the high-end development is on track for its two-2020 opening dates. More >>

Sky TV shares rise on US$40m RugbyPass acquisition

Friday, 16 August 2019, 3:11 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Sky Network Television shares rose 3.3 percent as investors welcomed plans to extend its foray into online media and push for a bigger global rugby audience by buying online rugby platform RugbyPass for up to US$40 million. More >>

NZ Compare recognised for excellence

Friday, 16 August 2019, 2:43 pm | NZ Compare

NZ Compare were delighted to be shortlisted as Finalists in an amazing 3 categories for the Westpac Auckland Business Awards 2019. NZ Compare were shortlisted for: More >>

FMA Statement on Court of Appeal judgment

Friday, 16 August 2019, 2:01 pm | Financial Markets Authority

The FMA notes the judgment from the Court of Appeal in relation to Mr Paul Bublitz and Mr Bruce McKay. More >>

NZ manufacturing activity shrinks for first time in 7 years

Friday, 16 August 2019, 1:53 pm | BusinessDesk

Aug. 16 (BusinessDesk) - New Zealand manufacturing activity contracted for the first time in seven years as new orders dried up and job numbers tumbled. More >>

Orr defends RBNZ rate cut, says monetary policy looks ahead

Friday, 16 August 2019, 1:25 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Central bank governor Adrian Orr came out swinging in response to an opinion piece from BusinessNZ chief executive Kirk Hope who called on the bank to focus on a "conservative, principles-based, no-surprises approach to monetary ... More >>

Michael Hill underlying earnings fall 14% as margins squeeze

Friday, 16 August 2019, 1:06 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Michael Hill International reported a slide in underlying earnings as margins were squeezed in a competitive retail environment. More >>

Review identifies positive infrastructure delivery changes

Friday, 16 August 2019, 1:05 pm | Association of Consulting Engineers New Zealand

A report published this week by the Infrastructure Transaction Unit, within Treasury, examined issues associated with the use of New Zealand Standard Conditions of Contract for Building and Civil Engineering, in public sector-initiated construction projects. ... More >>

Mainzeal’s Yan to resist bankruptcy

Friday, 16 August 2019, 1:04 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Former Mainzeal director Richard Yan says he’ll fight pressure from liquidators at BDO after they moved to make him bankrupt. More >>

Qatar Airways named official airline partner of Eden Park

Friday, 16 August 2019, 12:39 pm | Qatar Airways

AUCKLAND, New Zealand – Today Qatar Airways announces a new strategic partnership with Eden Park, the stadium where some of New Zealand’s most memorable rugby moments have been witnessed. More >>

Motorola Solutions appoints new business leader

Friday, 16 August 2019, 12:09 pm | Motorola

MELBOURNE, Australia – August 16, 2019 – Motorola Solutions, Inc. (NYSE: MSI) today appointed Con Balaskas as its new Managing Director for Australia and New Zealand. More >>

Staglands Wildlife Reserve awarded official mark of quality

Friday, 16 August 2019, 11:36 am | Staglands Wildlife Reserve and Cafe

Staglands Wildlife Reserve & Café has been awarded a Silver Qualmark Sustainable Tourism Business Award. More >>

Cruise ship spending is going full steam ahead

Friday, 16 August 2019, 11:25 am | Statistics New Zealand

Cruise ship spending is going full steam ahead, swelling 28 percent to $570 million in the year ended June 2019, Stats NZ said today. More >>

Potato mop-top virus response closes out

Friday, 16 August 2019, 11:11 am | Ministry For Primary Industries

A joint Biosecurity New Zealand and Potatoes New Zealand response to the crop disease Potato mop-top virus (PMTV) is being closed out, with industry taking the lead on long-term management. More >>

Conference changes venue due to storm damage

Friday, 16 August 2019, 11:09 am | NZ Cruise Association

The New Zealand Cruise Association’s 2019 Conference, to be held in Auckland on 22 –23 August, has had a last minute venue change. More >>

NZ dollar stuck in tight range; global sentiment the driver

Friday, 16 August 2019, 11:06 am | BusinessDesk

Aug. 16 (BusinessDesk) - The New Zealand dollar stuck to a tight range as ongoing trade concerns offset better-than-expected retail data in the US. More >>

Kiwis squeezing more out of ageing fleet

Friday, 16 August 2019, 11:04 am | BusinessDesk

Aug. 16 (BusinessDesk) - The slowing market for new car sales has weighed on dealers' earnings but has been a boon for the likes of Super Cheap Auto as people try to get more out of their ageing vehicles. More >>

Inland Revenue prefers education over penalties

Friday, 16 August 2019, 9:58 am | Inland Revenue Department

Inland Revenue (IR) would like businesses not already filing their payroll information every payday, to seek the help they may need before IR calls them. More >>

Mercurey Central Otago Young Winemaker of the Year 2019

Friday, 16 August 2019, 9:56 am | New Zealand Winegrowers

Congratulations to Ben Tombs from Peregrine for becoming the Tonnellerie de Mercurey Central Otago Young Winemaker of the Year 2019 More >>

XE Morning Update - August 16, 2019

Friday, 16 August 2019, 9:00 am | XE Morning Update

The Kiwi opens at 0.6445 The Kiwi continues to consolidate, with the market starting to look towards the Fed’s decision next month. Taking a leaf out of the RBNZ, the market is now pricing in a 42% chance of a 50 basis point cut out of the Fed, with ... More >>

KiwiBuild reaches record numbers in Wellington

Friday, 16 August 2019, 8:34 am | The Wellington Company

Over 200 potential KiwiBuild buyers entered the ballot for 44 KiwiBuild apartments in Wellington’s Monark development, making it the most popular KiwiBuild ballot to date. The Wellington Company and KiwiBuild are now working with them to finalise ... More >>

Clear your diary – Grabaseat $9 deals take off this morning

Friday, 16 August 2019, 8:31 am | Air New Zealand

Air New Zealand’s Grabaseat is releasing 500 domestic flights at just $9 one-way and hundreds of razor-sharp fares to Asia, Australia and the Pacific Islands this morning. Unmissable deals include $9 one-way flights to and from Air New Zealand’s ... More >>

Cannasouth harvests 1st crop of medicinal research cannabis

Friday, 16 August 2019, 8:12 am | Cannasouth

Cannasouth has harvested its first crop of medicinal research cannabis from its purpose-built growing facility in Hamilton. More >>

MARKET CLOSE: NZ shares join global rout

Thursday, 15 August 2019, 8:42 pm | BusinessDesk

Aug. 15 (BusinessDesk) - New Zealand shares joined a global slump as investors fretted over the prospect of a worldwide recession in the wake of bond market pricing. Heartland Group was among the few local stocks in positive territory after reporting solid ... More >>

NZ dollar falls against Aussie on stronger-than-expected job

Thursday, 15 August 2019, 8:12 pm | BusinessDesk

Aug. 15 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after better-than-expected jobs numbers across the Tasman but was little changed against the US dollar. More >>

UPDATE: Heartland shares gain as annual profit lifts 9%

Thursday, 15 August 2019, 7:22 pm | BusinessDesk

(Adds share movement to lead and updates price in 4th paragraph, includes profit guidance in 9th paragraph) More >>

Primary industry training must deliver

Thursday, 15 August 2019, 7:20 pm | Primary ITO

Primary ITO is welcoming the announcement that the primary sector will get the first of the Government’s new Centres of Vocational Excellence (CoVEs). More >>

The Wine Auction Room celebrates legendary Heroes and Icons

Thursday, 15 August 2019, 4:28 pm | The Wine Auction Room

A pre-WW2 cognac, a unique Penfolds Grange vertical of magnums never sold before in NZ, and rare rum that is no longer made, as well as whiskies and other spirits from the 50s, 60s and 70s, are all going under the hammer at The Wine Auction Room’s ... More >>

Xero says global roll-out of core product still best option

Thursday, 15 August 2019, 4:22 pm | BusinessDesk

Aug. 15 (BusinessDesk) - Xero’s biggest immediate opportunities are to keep driving growth of its core accounting software in existing markets and to enter other geographies, says chief executive Steve Vamos. More >>

Bigger is Better as The Instillery & Origin merge

Thursday, 15 August 2019, 4:07 pm | The Instillery

August 15, 2019: Aotearoa’s number 1 in Cloud, The Instillery and Origin nationally renowned managed IT & Security services provider, today announced their merger, creating a unique future-focused provider of cloud, automation, connectivity and ... More >>

SkyCity CEO sees no sign of slowdown yet, but is prepared

Thursday, 15 August 2019, 3:38 pm | BusinessDesk

Aug. 15 (BusinessDesk) - SkyCity Entertainment Group isn’t yet seeing the impact of a slowdown in tourism but chief executive Graeme Stephens says he's braced for the challenge. More >>

New prospects for owners of Canterbury on-sold property

Thursday, 15 August 2019, 3:34 pm | Earthquake Commission

The Earthquake Commission has welcomed today’s announcement by the Minister Responsible for the Earthquake Commission, Hon Grant Robertson and Minister for Greater Christchurch Regeneration, Hon Megan Woods. More >>

ICNZ urges pre-purchase due diligence

Thursday, 15 August 2019, 3:13 pm | Insurance Council

The Insurance Council of New Zealand is urging property buyers in Canterbury to do thorough due diligence before buying a property. It’s also urging current owners to put any payments received from the government towards properly fixing their homes, ... More >>

Macpac outperforming expectations for Super Retail Group

Thursday, 15 August 2019, 3:10 pm | BusinessDesk

Aug. 15 (BusinessDesk) - Macpac is still delivering better results than expected for its Australian owner Super Retail Group, which wants to keep rolling out the outdoor equipment chain across Australasia. More >>

Bioenergy provides a future for agriculture within the ETS

Thursday, 15 August 2019, 3:05 pm | Bioenergy Association

The bioenergy sector points to the opportunities for farmers to offset agriculture’s greenhouse gas emissions in their submission to the Government on proposals for inclusion of agriculture within the emissions trading scheme.. More >>

Rubrik enters Data Governance with new SaaS capabilities

Thursday, 15 August 2019, 3:04 pm | Rubrik

AUCKLAND, New Zealand, 15 August, 2019 – Rubrik, the Multi-Cloud Data Control company, today announced its Andes 5.1 release launching ground-breaking solutions for data classification, automated DR orchestration, and continuous data protection ... More >>

Recession indicators adding up

Thursday, 15 August 2019, 2:56 pm | Grant Thornton

15 August 2019 Indicators are currently accumulating that point to a recession. The most alarming warning sign is the US yield curve which plots the yields of Treasury maturities. “The longer you loan Treasury your money, the higher you would expect ... More >>

Accenture to Acquire Analytics8

Thursday, 15 August 2019, 2:13 pm | Accenture

Acquisition will strengthen Accenture’s capabilities to deliver AI-powered data and advanced analytics services to clients More >>

Citizens Advice Bureau’s new website is up for two awards

Thursday, 15 August 2019, 2:08 pm | Citizens Advice Bureaux NZ

Somar Design Studios and the Citizens Advice Bureau are celebrating being finalists in the 2019 Best Awards for their work on the site www.cab.org.nz . More >>

ATEED achieves global recognition

Thursday, 15 August 2019, 2:05 pm | ATEED

An ongoing commitment to environmental responsibility and performance has seen Auckland Tourism, Events and Economic Development (ATEED) achieve the globally recognised Enviro-Mark® Gold certification. More >>

Heartland Group lifts annual profit 9% on lending growth

Thursday, 15 August 2019, 2:00 pm | BusinessDesk

Heartland Group lifted annual net profit 9 percent amid growth in its reverse mortgages, motor and business lending divisions. Net profit for the 12 months ended June 30 rose to $73.6 million from $67.5 million the previous year. More >>

New $15 million infant formula can facility for Auckland

Thursday, 15 August 2019, 1:51 pm | Jamestrong Packaging

Jamestrong responds to burgeoning infant formula market, opening new $15 million can facility in Auckland, NZ More >>

Personal Cyber Insurance a New Zealand First

Thursday, 15 August 2019, 1:28 pm | Delta Insurance

Kiwi-owned company Delta Insurance has introduced cover to protect individuals and households from losses through cyber-attacks – a first for this country. More >>

NZME attracts top radio sales talent from MediaWorks

Thursday, 15 August 2019, 1:22 pm | NZME

New Zealand Media and Entertainment (NZME) says it will supercharge the results it delivers for its South Island radio advertisers with key management and media strategists joining its Dunedin based team. More >>

Websites affected in precautionary cyber security measures

Thursday, 15 August 2019, 1:15 pm | Tu Ora Compass Health

Tū Ora Compass Health has been working with technology and cyber security providers, after its website was targeted as part of a widespread global cyber incident in which a number of organisations websites were defaced. More >>

If it’s not safe, fix it

Thursday, 15 August 2019, 11:23 am | WorkSafe NZ

Companies which identify safety issues with their machinery have a duty to remedy the problems and ensure any new operational processes are consistently applied, says WorkSafe. More >>

NZD weaker as global risk aversion picks up

Thursday, 15 August 2019, 11:12 am | BusinessDesk

Aug. 15 (BusinessDesk) - The New Zealand dollar fell as global risk aversion picked up again after US Treasury yield curve inverted briefly overnight, often viewed as a sign of looming recession. More >>

Port of Tauranga and Port Ruakura LP announce partnership

Thursday, 15 August 2019, 10:42 am | Port of Tauranga Limited

Port of Tauranga and the TGH-subsidiary Port Ruakura LP today announced a long-term partnership to support the development of the planned Ruakura Inland Port at Hamilton. The agreement allows Port of Tauranga's cargo trains running between MetroPort Auckland ... More >>

Why Gold Prices Are About To Skyrocket Even Higher

Thursday, 15 August 2019, 10:20 am | Oilprice.com

The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. But there is one key trend that stands to push gold up beyond $1,700--regardless of the day's news. More >>