Latest Business Headlines
Emirates Announces Fifth Route To Pakistan
Tuesday, 13 August 2013, 6:29 pm | Emirates Airlines
Emirates Airline is to launch services from Dubai to Sialkot, its fifth route to Pakistan. More >>
UPDATED: Port of Tauranga makes first South Island foray
Tuesday, 13 August 2013, 6:07 pm | BusinessDesk
UPDATED: Port of Tauranga makes first South Island foray with shot in the arm for PrimePort More >>
MARKET CLOSE: NZ shares gain paced by Summerset
Tuesday, 13 August 2013, 5:44 pm | BusinessDesk
Aug. 13 (BusinessDesk) – New Zealand shares rose, paced by Summerset Group after it posted first-half earnings that almost tripled and Port of Tauranga after it unveiled plans to invest in Timaru’s port and use it as a feeder for larger overseas vessels ... More >>
Fonterra Confirms No Affected Product Sent to Russia
Tuesday, 13 August 2013, 5:35 pm | Fonterra
Fonterra has confirmed that none of the potentially affected whey protein concentrate (WPC80) was supplied by Fonterra to Russia, Belarus or Kazakhstan. In addition, no Fonterra products sent to these countries used the affected whey protein concentrate ... More >>
New Zealand Company Goes Global
Tuesday, 13 August 2013, 5:21 pm | EB Engineering Solutions
Water is arguably the single most important factor facing the world today and making it more readily available has been a significant motivation behind the recent success of EB Engineering Solutions, a small South Island based business with global aspirations. More >>
Chartered Accountants Also Brilliant Bakers!
Tuesday, 13 August 2013, 5:17 pm | BW Chartered Accountants
Wellington Chartered Accountancy firm, BW, will be switching their calculators and spreadsheets for mixing bowls and measuring cups in order to help the Wellington SPCA raise funds with their annual “Cupcake Day for the SPCA” fundraiser. More >>
Thorough Punawai-1 Consenting Process Concludes
Tuesday, 13 August 2013, 5:15 pm | TAG Oil
TAG Oil said today that the consenting process for its proposed Punawai-1well near Gisborne has been one of the most comprehensive it has ever been through. More >>
NZ dollar slips vs. greenback ahead of US retail sales
Tuesday, 13 August 2013, 5:10 pm | BusinessDesk
Aug 13 (BusinessDesk) - The New Zealand dollar slipped below 80 US cents ahead of retail sales figures in the US, which are expected to show consumer spending in the world’s biggest economy rose for a fourth month. More >>
China Airlines’ extra capacity, Taiwan marketing partnership
Tuesday, 13 August 2013, 5:01 pm | Auckland International Airport
Auckland Airport and Tourism New Zealand welcome China Airlines’ extra capacity and announce new Taiwan marketing partnership More >>
Crossroads Milestone Series Merlot Takes Trophy at Spiegelau
Tuesday, 13 August 2013, 4:59 pm | Crossroads Winery
The Crossroads Milestone Series Merlot 2012 has been recognised as one of the best wines in New Zealand, at the 2013 Spiegelau International Wine Competition. More >>
New Local Distributor Appointed for VnC Cocktails
Tuesday, 13 August 2013, 4:56 pm | VNC Cocktails
Beam NZ and VnC Cocktails are delighted to announce today that Beam NZ will be the exclusive New Zealand distributor for VnC Cocktails and Lemon Z starting 1st September 2013. More >>
June A Record Breaker For Guest Nights In Queenstown
Tuesday, 13 August 2013, 4:56 pm | Destination Queenstown
Queenstown had a record breaking start to winter according to the latest Statistics New Zealand research, with an almost 30 percent increase in international visitor nights. More >>
Rural Broadband and mobile coverage arrives at Wharepapa
Tuesday, 13 August 2013, 4:49 pm | Vodafone
Mobile coverage and broadband options just got better for residents and visitors to the Wharepapa South area of Waipa District, as Vodafone lights up its newly built cell site under the Government’s Rural Broadband Initiative (RBI). More >>
NZ 9th in worldwide resources and mining salary ranking
Tuesday, 13 August 2013, 4:38 pm | Hays
New Zealand’s local resources & mining professionals earn the 9th highest wage globally, according to a worldwide study of remuneration trends published by recruiting experts Hays Resources & Mining. More >>
Ploughs Need Cigarette-Style Warning on Them
Tuesday, 13 August 2013, 4:32 pm | Baker No-Tillage
In Holland the first beef burger without disturbing a cow has been eaten, globally governments intend to ban smoking and, in New Zealand, a soil scientist is campaigning to outlaw the plough. More >>
Young Tourism Entrepreneur recognised by Ernst and Young
Tuesday, 13 August 2013, 4:26 pm | Haka Tours
Global Accountancy Firm Ernst and Young have named Ryan Sanders, Founder and Director of Haka Tourism Group, as one of New Zealand’s Top Young Entrepreneurs for 2013 More >>
RBNZ fine-tunes low-equity loan restriction regime
Tuesday, 13 August 2013, 4:21 pm | BusinessDesk
Aug 13 (BusinessDesk) - The Reserve Bank has fine-tuned the regime to restrict home-lending for borrowers with small deposits, but reiterated that banks will get just two weeks’ notice before any new rules are imposed. More >>
Yeastie Boys strike gold with earl grey ale
Tuesday, 13 August 2013, 4:05 pm | Yeastie Boys
The "tea-leafed" India Pale Ale, which beat out 60 other breweries to be crowned "People's Choice" at Melbourne's Great AustralasianBeer SpecTAPular last year, was awarded a gold medal at last week’s Brewers Guild of New Zealand Awards 2013. More >>
Security Technology Alliance to Create a New Growth Industry
Tuesday, 13 August 2013, 3:58 pm | Security Technology Alliance
Innovative New Zealand-based high growth technology companies, Gallagher, Tait Communications, Wynyard Group and Endace, have come together to form the Security Technology Alliance (STA), a compelling new security proposition for global markets. More >>
Bring it Back Tip Top!
Tuesday, 13 August 2013, 3:54 pm | Tip Top
Ice cream lovers rejoice! Tip Top has announced today that it will bring back one of Kiwis’ favourite ice creams. Ice cream aficionados are being asked to vote for their favourite from a selection chosen by fans of Tip Top’s Facebook page. More >>
Port alliance set to transform South Canterbury economy
Tuesday, 13 August 2013, 3:47 pm | PrimePort Timaru
An exciting joint venture between PrimePort Timaru and Port of Tauranga creates the opportunity to deliver huge benefits to the community and transform trading opportunities for the South Canterbury region, says port chairman Roger Gower. More >>
Port of Tauranga takes $21.6M stake in Timaru's PrimePort
Tuesday, 13 August 2013, 3:46 pm | BusinessDesk
Aug. 13 (BusinessDesk) – Port of Tauranga, New Zealand’s busiest export port, has agreed to buy a half stake in PrimePort Timaru in a $21.6 million deal aimed at strengthening the Tauranga site as a hub for coastal shipping. More >>
Tauranga and Timaru Ports Agree Strategic Alliance
Tuesday, 13 August 2013, 3:28 pm | Port of Tauranga Limited
New Zealand s leading international freight gateway, Port of Tauranga, has today announced a strategic alliance with PrimePort Timaru that will herald a new era for New Zealand freight. More >>
Rural Broadband and mobile coverage arrives at Castle Point
Tuesday, 13 August 2013, 3:02 pm | Vodafone
Mobile coverage and broadband options just got better for residents and visitors to the Castle Point area of Masterton as Vodafone lights up its newly built cell site under the Government’s Rural Broadband Initiative (RBI). More >>
thl launches Mighty Double Down with space for slumber party
Tuesday, 13 August 2013, 2:59 pm | thl
Budget conscious travellers rejoice as Tourism Holdings Limited (thl) launches Mighty Double Down – the latest self-drive vehicle addition to the Mighty campervan range, meaning a 15% increase to the Mighty fleet size. More >>
Fishery officers use Facebook to catch paua poacher
Tuesday, 13 August 2013, 2:56 pm | Ministry For Primary Industries
A Rotorua man has been sentenced to 200 hours community service after pleading guilty to paua poaching charges. On 31 July 2013, 34 year old unemployed man Raymond Major appeared in the Rotorua District Court on charges under Section 232 of the Fisheries ... More >>
New man pilots aircraft engineers
Tuesday, 13 August 2013, 2:37 pm | Aircraft Engineering Association of New Zealand
Early August saw Dave Evans at the controls of the Aircraft Engineering Association of New Zealand (AEANZ) Committee. With Avgas in his blood, Dave spent many years with the RNZAF before joining ServiceIQ as Aviation Sector Manager, where his twin ... More >>
Greenshell NZ Wins at American Chamber of Commerce Awards
Tuesday, 13 August 2013, 2:35 pm | Greenshell New Zealand
Greenshell New Zealand proved just how strong its mussel business is at last week’s American Chamber of Commerce DHL Express Success & Innovation Awards, scooping up two prestigious awards. More >>
Gen-i opens new $10.5m Christchurch data centre
Tuesday, 13 August 2013, 2:30 pm | gen-i
Gen-i has today celebrated the official opening of its new $10.5 million Tier 3, data centre in Christchurch by Hon Amy Adams, Minister for Communications and Information Technology. More >>
Telecom drops court action, takes Vodafone spat to regulator
Tuesday, 13 August 2013, 1:59 pm | BusinessDesk
Aug. 13 (BusinessDesk) - Telecom Corp is taking its spat with rival Vodafone New Zealand to the Commerce Commission after dropping threatened legal action over the ‘SuperNet’ ad campaign. More >>
Mojo Coffee launch Neonatal Trust’s annual phone collection
Tuesday, 13 August 2013, 1:52 pm | Mojo Coffee
Lovers of flat whites have another reason to pop into Mojo Coffee with today’s launch of their “Old Phones Helping New Lives” campaign for the Neonatal Trust. The Neonatal Trust, which supports families of premature or sick full term babies, ... More >>
Vodafone SuperNet advertising campaign continues unchanged
Tuesday, 13 August 2013, 1:48 pm | Vodafone
Vodafone’s SuperNet advertising campaign will continue unchanged following Telecom’s announcement today it has dropped its court case seeking an injunction. More >>
Domino’s Delivers Solid Full Year Results
Tuesday, 13 August 2013, 1:43 pm | Domino's Pizza
Domino’s Pizza Enterprises Limited (DMP) today announced an underlying Net Profit After Tax to shareholders of $30.4 million, an increase of 13.0% on the previous year, with results revealing the leaders in the Australian pizza industry continue ... More >>
Christchurch Central Development Unit: Market Update #14
Tuesday, 13 August 2013, 1:20 pm | Canterbury Earthquake Recovery Authority
Expressions of Interest (EOI) are being sought for Civil and Landscape Construction for Christchurch’s new Avon River Precinct and North and East Frames. More >>
UPDATED: Summerset 1H profit almost triples
Tuesday, 13 August 2013, 1:06 pm | BusinessDesk
UPDATED: Summerset 1H profit almost triples as it sold more rights and land value doubled, shares gain More >>
Hertz Introduces BMWs to New Zealand Fleet
Tuesday, 13 August 2013, 1:06 pm | Hertz
The Hertz Corporation (NYSE:HTZ), the world’s leading general use car rental brand, has introduced the latest model BMW 3 Series sedan (320i) to the New Zealand fleet as part of the company’s ongoing commitment to provide innovative car hire options. More >>
Vodafone Changes Advertising Ahead of High Court Hearing
Tuesday, 13 August 2013, 12:56 pm | Telecom New Zealand
Telecom Withdraws Court Action And Refers Matter to the Commerce Commission Vodafone has made a number of changes and amendments to its ‘SuperNet’ advertising after Telecom recently commenced High Court proceedings in respect of certain aspects of ... More >>
Visitor spend remains constant
Tuesday, 13 August 2013, 12:47 pm | Ministry of Business Innovation and Employment
Spending by visitors to New Zealand has remained fairly constant over the last year at $5.5 billion, according to the International Visitor Survey released today by the Ministry of Business, Innovation and Employment. More >>
Telecom unbundling key to regulator’s copper conundrum
Tuesday, 13 August 2013, 12:35 pm | BusinessDesk
Aug. 13 (BusinessDesk) - Telecom Corp’s dominance in the country’s retail broadband market and how it chooses to unbundle services on Chorus’ ageing copper network are central to the conundrum facing the Commerce Commission. More >>
Development Programme Benefits Sector
Tuesday, 13 August 2013, 12:09 pm | NZ Beef and Lamb
Development Programme Benefits Sector Following a successful pilot during 2012, Beef + Lamb New Zealand (B+LNZ) is now rolling out a development programme for farmers on B+LNZ farmer councils and those involved in project farms. Facilitated by the ... More >>
Another Record Full Year For Freightways
Tuesday, 13 August 2013, 11:54 am | Freightways
Freightways (NZX:FRE) has delivered a record result for the year ended 30 June 2013, showing 6% improvement over the previous year in net profit after tax (NPAT), excluding $2.1 million of non-recurring income. More >>
Quickflix Launch App for Nokia Windows 8 Devices
Tuesday, 13 August 2013, 11:50 am | Quickflix
‘Kid’s Corner’ integration allows children to watch latest TV shows safely and securely while on the move. Quickflix, New Zealand's online movie service, today announces the launch of its new app for Nokia Windows 8 Devices, giving TV and movie ... More >>
Cooks Enters Agreement to Acquire Progressive Processors
Tuesday, 13 August 2013, 11:47 am | Cooks Food Group
Cooks Food Group (Cooks) is pleased to advise it has entered a conditional sale and purchase agreement to acquire the business and assets of Progressive Processors Limited. More >>
Accuro Health Continues to Grow Against Downward Trend
Tuesday, 13 August 2013, 11:42 am | Accuro Health Insurance
Accuro Health Continues to Grow Against Downward Trend August 13, 2013 Accuro Health Insurance has achieved a further significant milestone. For the 11th quarter in a row to June, 2013, Accuro has increased its membership at a time when the Health ... More >>
BNZ-REINZ Residential Market Survey – Tony Alexander
Tuesday, 13 August 2013, 11:41 am | Tony Alexander Weekly Overview
Fewer first home buyers but it remains a seller's market with rising prices. The 253 licensed real estate agents who responded in our survey this month have noted a falling away of first home buyers in the market but still strongly rising prices ... More >>
NZ Energy Corp gets extension to complete Origin deal
Tuesday, 13 August 2013, 11:19 am | BusinessDesk
Aug 13 (BusinessDesk) - New Zealand Energy Corp has gained a six week extension in its vexed efforts to complete the purchase of gas production assets it is buying from Origin Energy, in exchange for adding an extra C$1 million to the C$5 million ... More >>
Morningstar Equities
Tuesday, 13 August 2013, 11:13 am | Morningstar
Following our recent note on the whey contamination issue, we assess the impact on the Fonterra's financial performance and fair value. We believe that while the whole episode has somewhat tarnished the image of Fonterra and New Zealand, we don't think ... More >>
Judges set for hospitality competition
Tuesday, 13 August 2013, 10:47 am | Vegetables.co.nz
Described as a "panel full of talent", the judges are ready to dish out advice and points at this year's City & Guilds Training Team of the Year competition. The City & Guilds Training Team of the Year competition gets underway at 11.30am on 18 August ... More >>
Moa slumps to record low after warning on 2014 sales
Tuesday, 13 August 2013, 10:44 am | BusinessDesk
Moa slumps to record low, worst performing stock after saying 2014 sales will miss forecasts More >>
Navigator seeks talent pool for stronger organisations
Tuesday, 13 August 2013, 10:26 am | Navigator Partners
A New Zealand start-up with an eye on international markets and a vision for creating better outcomes for organisations and their communities, people and customers is scouting for New Zealand-based and international consulting talent. More >>
Summerset 1H profit almost triples as it sold more rights
Tuesday, 13 August 2013, 10:06 am | BusinessDesk
Summerset 1H profit almost triples as it sold more rights and land value doubled, shares gain More >>
Mark Wheeler new chief of Aviation Security Service
Tuesday, 13 August 2013, 9:45 am | Civil Aviation Authority
Mark Wheeler ONZM, has been appointed as the new General Manager of New Zealand’s Aviation Security Service. More >>
Welfare debt a bigger target than unpaid tax
Tuesday, 13 August 2013, 9:40 am | Victoria University of Wellington
New research from Victoria University shows government agencies are more likely to write off unpaid tax than welfare debt—even though the outstanding tax bill is almost six times larger. More >>
Opus misses 1H profit expectations as NZ business struggles
Tuesday, 13 August 2013, 9:34 am | BusinessDesk
Opus International misses 1H profit expectations as NZ business struggles on Mainzeal, local govt spend More >>
PGG Wrightson take $321M charge on goodwill
Tuesday, 13 August 2013, 9:30 am | BusinessDesk
Aug. 13 (BusinessDesk) - PGG Wrightson, the rural services company controlled by China’s Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the ... More >>
Hospitality Industry Serves Up 100 More Jobs
Tuesday, 13 August 2013, 9:05 am | SEEK
Jobs in the hospitality and tourism sector across the country are up 13% from July 2012, shows data released by today. More >>
Synlait owner's outlook brightens on Fonterra stumble
Tuesday, 13 August 2013, 8:58 am | BusinessDesk
China’s Bright Dairy looking better after Fonterra’s food safety stumble, Moody’s says More >>
Reading between the lines – an app to promote books
Tuesday, 13 August 2013, 8:41 am | sticK
How can the book publishing world engage in a digital world? More >>
NZ dollar rises vs. Australian dollar before confidence data
Tuesday, 13 August 2013, 8:32 am | BusinessDesk
Aug. 13 (BusinessDesk) – The New Zealand dollar rose against the Australian dollar as investors look ahead to reports today which may show the Australian economy is weakening, increasing the likelihood of further interest rate cuts. More >>
NZ security tech firms join hands in global push
Tuesday, 13 August 2013, 8:24 am | BusinessDesk
Aug. 13 (BusinessDesk) - New Zealand’s top technology security firms Gallagher, Tait Communications, Wynyard Group and Endace are trying a coordinated push into global markets as they share resources and draw on each other’s existing capabilities. More >>
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