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Latest Business Headlines [Page 2]

NZ dollar falls to 6-week low as FOMC looms

Wednesday, 21 March 2018, 11:45 am | BusinessDesk

March 21 (BusinessDesk) - The New Zealand dollar fell to a six-week low ahead of what is expected to be a rate hike by the Federal Reserve's policy committee tomorrow, which will highlight the disparity with the Reserve Bank's interest rate outlook. More >>

Thomas Macdonald ‘humbled’ to win 2018 Zanda McDonald Award

Wednesday, 21 March 2018, 11:43 am | Zanda McDonald Award

Thomas Macdonald, 24 year old Business Manager of Waikato-based Spring Sheep Milk Company, and Sir Don Llewellyn scholar, has scooped the 2018 Zanda McDonald Award. More >>

Fonterra Announces Progress on CEO Succession Plan

Wednesday, 21 March 2018, 11:12 am | Fonterra

Fonterra Co-operative Group Limited (Fonterra) today announced that, as part of a planned CEO succession process, the Fonterra Board and its CEO Theo Spierings have agreed that Mr Spierings will leave his role later this year. More >>

Bay of Plenty Tops Regional GDP Increases Again

Wednesday, 21 March 2018, 11:04 am | Statistics New Zealand

The Bay of Plenty’s increase in nominal GDP topped the regions for the second year in a row, Stats NZ said today. More >>

Chinese New Year Boosts Visitors to February Record

Wednesday, 21 March 2018, 11:00 am | Statistics New Zealand

More than 15,000 visitors a day on average arrived in New Zealand in February, setting a new record for the month, Stats NZ said today. More >>

While you were sleeping: Wall St, oil rebound

Wednesday, 21 March 2018, 11:00 am | BusinessDesk

March 21 (BusinessDesk) - Wall Street moved higher as did oil prices, while US Treasuries declined, as the US Federal Reserve began its first two-day policy meeting chaired by Jerome Powell. More >>

Auckland Economy Hits $100 billion

Wednesday, 21 March 2018, 10:51 am | Statistics New Zealand

Auckland’s nominal GDP has passed $100 billion for the first time, Stats NZ said today. More >>

Coresteel Buildings Waikato Named Franchise of the Year

Wednesday, 21 March 2018, 10:39 am | Coresteel Buildings

Coresteel Buildings Waikato has been named Franchise of the Year at the annual Coresteel Buildings National Conference, held 7-8 March in Whangarei. More >>

QLDC and QAC sign Wanaka Airport lease

Wednesday, 21 March 2018, 10:08 am | Queenstown Lakes District Council

Queenstown Lakes District Council (QLDC) has confirmed that it has finalised the terms of a long-term lease with Queenstown Airport Corporation (QAC) for Wanaka Airport. More >>

Dairy product prices dip for a third straight auction

Wednesday, 21 March 2018, 9:56 am | BusinessDesk

March 21 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, while whole milk powder posted an unexpected increase amid data showing challenging weather conditions continue to weigh on production. More >>

What are your rights at work? Not Sure? Ask the CAB

Wednesday, 21 March 2018, 9:43 am | Citizens Advice Bureaux NZ

A lot of people go to the Citizens Advice Bureau for help with employment issues and questions. Last year, the CAB was shocked to discover that many of these clients didn’t have a written employment agreement. They were so concerned about this that ... More >>

James Cook Hotel's Matriarch Denise Thornton Retires

Wednesday, 21 March 2018, 9:34 am | James Cook Hotel

The James Cook Hotel Grand Chancellor’s Executive Housekeeper, Denise Thornton, retires this Friday after 44 years at the central Wellington Hotel. Commencing on the front desk in 1974, Denise remembers her first day at the ‘Jimmy Cook’ with ... More >>

DROPIT Gears Up for Success at Australian Grand Prix

Wednesday, 21 March 2018, 9:25 am | DROPIT

March 20, 2018 : Kiwi tech company DROPIT will claim pole position with motorsport fans when it debuts its revolutionary drop auctions at the Formula 1® 2018 Rolex Australian Grand Prix, this weekend (March 22-25). More >>

Vodafone launches world’s largest future jobs programme

Wednesday, 21 March 2018, 9:23 am | Vodafone NZ

Wednesday March 21, 2018 Vodafone launches world’s largest future jobs programme to help Kiwi youth Vodafone has launched a ground-breaking international future jobs programme in 18 countries including New Zealand, to provide career guidance and access ... More >>

BNZ Fee Slash Welcomed by MoneyHub

Wednesday, 21 March 2018, 9:23 am | Money Hub

BNZ Fee Slash Welcomed by MoneyHub and Issues Challenge to Other Banks to Follow Suit More >>

Fonterra Announces 2018 Interim Results

Wednesday, 21 March 2018, 8:54 am | Fonterra

Fonterra Co-operative Group Limited today increased its forecast Farmgate Milk Price for the 2017/18 season to $6.55 per kgMS and announced a full year forecast dividend range of 25 - 35 cents per share with an interim dividend of 10 cents per share. More >>

Kiwis think streaming services offer value for money

Wednesday, 21 March 2018, 8:48 am | Canstar Blue

Auckland, Date. 21 March 2018. Streaming may be the ‘new kid on the block’ when it comes to how we watch TV but Kiwis can’t get enough of it. More >>

Synlait Announces Record Half Year Profit

Wednesday, 21 March 2018, 8:45 am | Synlait

Synlait Milk (NZX: SML; ASX: SM1) has reported a half year net profit after tax (NPAT) of $40.7 million for the six months ending 31 January 2018. More >>

Property data shows big jump in residential value

Wednesday, 21 March 2018, 8:41 am | New Zealand Property Institute

Property Institute of New Zealand Chief Executive Ashley Church says that new data showing that the residential value of kiwi cities is closing in on $1 trillion dollars is both good and bad news for the New Zealand housing market and wider economy. More >>

New Zealand-Canada coproductions receive over $500K

Wednesday, 21 March 2018, 8:24 am | NZ On Air

20 March 2018 New Zealand-Canada coproductions receive over $500K NZ On Air and the Canada Media Fund (CMF) announced today a financing incentive of CAD $515,000 for two digital media coproduction projects under the New Zealand-Canada Digital Media ... More >>

Ethics of artificial intelligence critical to its success

Wednesday, 21 March 2018, 8:20 am | Make Lemonade

The ethics of artificial intelligence will be critical to the success of AI going forward, a Microsoft leader and a keynote speaker at the AI Day event in Auckland next week says. More >>

Techweek to showcase NZ’s world-leading inventions

Wednesday, 21 March 2018, 8:17 am | Make Lemonade

New Zealanders will hear and learn all about the country’s most amazing world-leading innovation, projects and breakthroughs during Techweek in May, NZTech chief executive Graeme Muller says. More >>

HiFX Morning Update, March 21 2018

Wednesday, 21 March 2018, 8:14 am | HiFX

The NZDUSD opens at 0.7192 (mid-rate) this morning. The NZD is the weakest performing G10 currency coming under pressure after the spread between the New Zealand and US 10-year government bond yields turned negative for the first time since records began ... More >>

MARKET CLOSE: NZ shares down; Synlait, Fonterra fall

Tuesday, 20 March 2018, 8:31 pm | BusinessDesk

March 20 (BusinessDesk) - New Zealand shares dropped, with Synlait Milk, A2 Milk Co and Fonterra Shareholders Fund units falling ahead of tomorrow's GlobalDairyTrade auction and results from Synlait and Fonterra Cooperative Group. More >>

NZ dollar pares gains in light trading ahead of Fed review

Tuesday, 20 March 2018, 8:20 pm | BusinessDesk

March 20 (BusinessDesk) - The New Zealand dollar pared overnight gains against the greenback in thin trading as markets focus on the upcoming US Federal Reserve policy review with the Fed widely expected to lift interest rates. More >>

Air NZ's Carter defends airline's independence

Tuesday, 20 March 2018, 7:16 pm | BusinessDesk

Air NZ's Carter defends airline's independence after Shane Jones laments axing of routes More >>

Fonterra tipped to lift milk price forecast

Tuesday, 20 March 2018, 6:51 pm | BusinessDesk

Fonterra tipped to lift milk price forecast on 'balanced' global dairy markets By Rebecca Howard More >>

Smoking can stub out job opportunities

Tuesday, 20 March 2018, 5:57 pm | Employsure

It turns out your health isn't the only thing being harmed by your smoking habit. Finding employment could also be an issue for smokers, an employment expert says. More >>

Court lets Carter Holt drag councils into leaky schools suit

Tuesday, 20 March 2018, 5:37 pm | BusinessDesk

March 20 (BusinessDesk) - Carter Holt Harvey won its bid to drag local authorities into its protracted leaky schools court case with the Ministry of Education, although the judge excluded buildings captured by a time-bar, and gave the building products ... More >>

Volution Group acquires leading ventilation company, Simx

Tuesday, 20 March 2018, 5:20 pm | Minter Ellison Rudd Watts

UK-based manufacturing and distributing company, Volution Group has acquired Simx Limited - a leading New Zealand designer, manufacturer and supplier of residential ventilation products - for NZ$72 million. More >>

solarcity appoints new Chief Marketing Officer

Tuesday, 20 March 2018, 5:17 pm | SolarCity

Auckland, 19 March 2018 – Maryanne Smith, former Noel Leeming and Torpedo7 Group General Manager - Marketing, has joined solarcity in the newly created position of Chief Marketing Officer to lead sales, marketing and customer services. More >>

NZ govt debt loses 'darling of the high-yield world' status

Tuesday, 20 March 2018, 5:10 pm | BusinessDesk

NZ govt debt loses 'darling of the high-yield world' status as US Treasury yields climb More >>

NZPI Conference to Tackle Big Planning Issues

Tuesday, 20 March 2018, 4:23 pm | NZ Planning Institute

Water quality and availability, rapid urbanisation, and the impact of natural hazards and climate change are among the top three planning issues to be discussed at the New Zealand Planning Institute’s conference Breaking New Ground held in Tauranga ... More >>

Chairman’s statement on behalf of Air New Zealand

Tuesday, 20 March 2018, 3:47 pm | Air New Zealand

Air New Zealand Chairman Tony Carter has today written to the Minister of Finance Hon Grant Robertson to reinforce that the airline will always act independently of the Crown. More >>

Former Bhutan Minister recognised in alumni awards

Tuesday, 20 March 2018, 3:46 pm | Lincoln University

Founder of nationwide financial company Craigs Investment Partners, Neil Craig, and former Bhutan Minister for Agriculture, Forests and Environment, Dr Pema Gyamtsho, will be recognised as outstanding alumni at the Lincoln University Graduation ceremony ... More >>

Kiwi firms succeeding with greater R&D investment

Tuesday, 20 March 2018, 3:31 pm | Callaghan Innovation

Callaghan Innovation is welcoming the latest Business Operations Survey results showing Kiwi businesses are lifting their efforts in research and development (R&D). More >>

NZ businesses investing more in R&D and expansion

Tuesday, 20 March 2018, 3:29 pm | BusinessDesk

March 20 (BusinessDesk) - New Zealand businesses are investing more in their growth and research and development but while the number of businesses carrying out R&D is at a 10-year high only 11 percent of firms are doing it. More >>

Rabobank New Zealand announces new board appointment

Tuesday, 20 March 2018, 2:56 pm | Rabobank

Rabobank New Zealand has announced the appointment of Jillian Segal AM to its board of directors. More >>

Kathmandu lifts 1H profit 23%

Tuesday, 20 March 2018, 2:49 pm | Markinson

March 20 (BusinessDesk) - Kathmandu Holdings, the outdoor equipment retailer, increased first-half profit 23 percent, in line with its forecast, as it discounted less products and lifted margins. It also announced plans to buy its US footwear supplier Oboz ... More >>

Baby Boomers less optimistic about upskilling

Tuesday, 20 March 2018, 2:23 pm | Hays

Upskilling keeps you relevant and employable in the face of the Fourth Industrial Revolution’s rapid rate of workplace change, but a survey by recruiting experts Hays shows the majority (71%) of Millennials also believe it should lead to a salary ... More >>

Federated Farmers pays tribute to John O’ Connor

Tuesday, 20 March 2018, 2:11 pm | Federated Farmers

Federated Farmers offers its deepest condolences to Agriculture Minister Damien O’Connor and family after the passing of his father, West Coast dairy farmer John O’Connor. More >>

Confidence in residential property near pre-election levels

Tuesday, 20 March 2018, 1:36 pm | Colliers International

Confidence in the residential property market has bounced back to near pre-election levels, new research shows. More >>

Ale in a day’s work: judges search for best beer and cider

Tuesday, 20 March 2018, 1:16 pm | New World Beer and Cider Awards

Ale in a day’s work – judges search for best beers and ciders among record number of entries Finding the best beers and ciders among almost 600 entries is no easy job, but a group of expert judges are stepping forward to put their palates to this ... More >>

NZ cryptocurrency investment platform launches

Tuesday, 20 March 2018, 1:14 pm | Ilumony

FOR IMMEDIATE RELEASE: 20 March 2018 A New Zealand-based financial services company is launching a cryptocurrency portfolio investment platform designed to make the exciting asset class accessible to everyone. The new platform, called Invsta , is ... More >>

NZ Poised to Become Switzerland of the South Pacific

Tuesday, 20 March 2018, 1:12 pm | New Zealand International Arbitration Centre

New Zealand Poised to Become Switzerland of the South Pacific Hot on the heels of the CPTTP Agreement finalised earlier this year, the New Zealand International Arbitration Centre ( NZIAC ) has announced the launch of its new and innovative 2018 suite of ... More >>

New Zealand at Expo 2020 design team announced

Tuesday, 20 March 2018, 1:09 pm | New Zealand Trade and Enterprise

New Zealand at Expo 2020 has announced the design team that will lead the design and visitor experience of the New Zealand Pavilion at Expo 2020 in Dubai, United Arab Emirates. More >>

NZ consumer confidence ticks back up

Tuesday, 20 March 2018, 1:04 pm | BusinessDesk

March 20 (BusinessDesk) - New Zealand consumer confidence retraced its post-election drop to return to average levels in the March quarter as political jitters faded and the economy remains strong. More >>

ANZ mulls UDC Finance IPO after sale rejected

Tuesday, 20 March 2018, 1:02 pm | BusinessDesk

March 20 (BusinessDesk) - ANZ Bank New Zealand said it's exploring an initial public offering for UDC Finance after a planned $660 million sale to Chinese conglomerate HNA Group was rejected by the Overseas Investment Office in December. More >>

Woods fast-tracks agreed EQC legislative changes

Tuesday, 20 March 2018, 1:01 pm | BusinessDesk

March 20 (BusinessDesk) - Earthquake Commission Minister Megan Woods has fast-tracked four widely supported changes to the law governing the EQC, including a higher cap for residential property and ditching the entity's contents cover, leaving more contested ... More >>

Facebook users give Queenstown the thumbs up!

Tuesday, 20 March 2018, 12:38 pm | Destination Queenstown

Queenstown, New Zealand (20 March, 2018) Queenstown’s fans have given the Southern Hemisphere’s premium visitor destination a big thumbs up on social media. More >>

Nigel Woodhead to put his ploughing skills to the test

Tuesday, 20 March 2018, 12:35 pm | New Zealand Young Farmers

20th March 2018 Nigel Woodhead to put his ploughing skills to the test in Southland More >>

Go for 5G, but bring rural NZ along too

Tuesday, 20 March 2018, 12:30 pm | Federated Farmers

New Zealand’s ambitions to get on with the roll-out of 5G technology should be applauded but don’t put dealing with woeful rural coverage on the back-burner, Federated Farmers Vice-President Andrew Hoggard says. More >>

Fewer Weeds, More Wheat

Tuesday, 20 March 2018, 12:10 pm | Environmental Protection Authority

A herbicide to control problematic weeds in wheat crops and so increase crop yield, has been approved by the Environmental Protection Authority (EPA). More >>

NZ Steel's Pacific Steel restructuring hurt margins

Tuesday, 20 March 2018, 12:08 pm | BusinessDesk

March 20 (BusinessDesk) - Restructuring at Pacific Steel and weak global demand rather than the behaviour of Chinese rivals squeezed the company's margins, says an officials' report that recommended the government reject its dumping complaints ... More >>

NZ dollar rises from three-week low ahead of Fed meeting

Tuesday, 20 March 2018, 11:40 am | BusinessDesk

March 20 (BusinessDesk) - The New Zealand dollar bounced from a three-week low ahead of this week's Federal Reserve policy review, which is expected to lift US interest rates, while stocks on Wall Street after growings fears of regulation in the tech ... More >>

Census on track for 70 percent online

Tuesday, 20 March 2018, 11:38 am | Statistics New Zealand

More than 3.2 million people have completed the 2018 Census online so far, and the total is expected to exceed the online target of 70 percent, Stats NZ said today. More >>

REINZ Lifestyle: The Trend Continues

Tuesday, 20 March 2018, 11:14 am | REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 192 fewer lifestyle property sales (-11.1%) for the three months ended February 2018 than for the three months ended January 2018. Overall, there were 1,530 lifestyle ... More >>

REINZ Rural: An Easing in the Late Summer Market

Tuesday, 20 March 2018, 11:12 am | REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 52 fewer farm sales (-11.9%) for the three months ended February 2018 than for the three months ended February 2017. Overall, there were 384 farm sales in the three months ... More >>

Mammoth kiwifruit property portfolio placed on the market

Tuesday, 20 March 2018, 11:09 am | Bayleys

One of New Zealand’s biggest privately-owned kiwifruit orchard portfolios has been placed on the market for sale. More >>

Expansion and research on the rise

Tuesday, 20 March 2018, 10:56 am | Statistics New Zealand

One in three New Zealand businesses invested in their expansion in 2017, compared with 1 in 5 in 2007, Stats NZ said today. These results come from the Business Operations Survey, which reports on businesses with six or more employees. More >>