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Latest Business Headlines [Page 2]

ATEED appoints Nick Hill as new Chief Executive

Thursday, 22 June 2017, 2:16 pm | ATEED

The Board of Directors for Auckland Tourism, Events and Economic Development (ATEED), Auckland’s economic growth agency and an Auckland Council controlled organisation, today announce the appointment of Nick Hill to the position of Chief Executive. More >>

Seeka forecasts 15% drop in 2017 profit

Thursday, 22 June 2017, 2:11 pm | BusinessDesk

June 22 (BusinessDesk) - Seeka, the largest kiwifruit grower in New Zealand and Australia, has confirmed its guidance for a 15 percent drop in operating profit in 2017 as weaker-than-expected kiwifruit crops offset growth from its avocado sector. More >>

Julie Christie to leave MediaWorks board at end of the month

Thursday, 22 June 2017, 2:09 pm | BusinessDesk

June 22 (BusinessDesk) - Reality TV pioneer Julie Christie will leave the board of MediaWorks Investments at the end of the month, ending almost four years as a director of the private equity-owned free-to-air broadcaster. More >>

BISON Container Scales In Demand At America's Cup

Thursday, 22 June 2017, 1:20 pm | Bison

BISON, the New Zealand tech company, has just shipped a second set of its pioneering container scales to Bermuda, this time to the America's Cup Event Authority (ACEA). The ACEA follows the lead of Emirates Team New Zealand (ETNZ), who have already adopted ... More >>

Third Consecutive Period of Growth for NZ Herald Readership

Thursday, 22 June 2017, 1:01 pm | NZME.

22 June 2017 – The New Zealand Herald’s print and digital readership has continued its upward trajectory, and the Herald on Sunday remains the most-read Sunday Newspaper in the country. More >>

2015 vintage wines “very high quality”

Thursday, 22 June 2017, 12:59 pm | Gimblett Gravels Winegrowers Association

“Very high quality” was Master of Wine Andrew Caillard’s description of the top twelve GIMBLETT GRAVELS® red wines chosen to showcase the 2015 vintage. Following the selection tasting Andrew praised the winemakers, noting that “as a body of ... More >>

NZ increases jet fuel supply to meet growing demand

Thursday, 22 June 2017, 12:46 pm | Ministry of Business Innovation and Employment

New Zealand’s supply of aviation fuel grew significantly in the March 2017 quarter compared to the same period last year to meet strong demand from the airline industry, according to new data released today. More >>

Fonterra forecasts 3% rise in NZ milk collection this season

Thursday, 22 June 2017, 12:40 pm | BusinessDesk

June 22 (BusinessDesk) - Fonterra Cooperative Group expects to collect 3 percent more milk from New Zealand farms this season as higher milk prices encourage farmers to lift production. More >>

Manifesto calls for pragmatic approach to environment

Thursday, 22 June 2017, 12:35 pm | Federated Farmers

Federated Farmers has launched its ‘Farmers’ Manifesto’ challenging political parties in the upcoming general election to take a "sensible, practical and affordable" approach to tackling issues of high importance to its members. More >>

RBNZ's Wheeler keeps OCR at 1.75% with uncertain outlook

Thursday, 22 June 2017, 12:30 pm | BusinessDesk

June 22 (BusinessDesk) - Reserve Bank governor Graeme Wheeler kept the official cash rate at 1.75 percent and will look through a recent pick-up in inflation which is seen as being a temporary spike in the tradables sector while complaining about the ... More >>

Remarkables Residences housing development goes onto market

Thursday, 22 June 2017, 12:20 pm | Joint Press Release

A $200m luxury residential development in Queenstown goes onto the market today (Thursday June 22) with the launch of a full display suite at Five Mile Centre. More >>

Gym’ tenancy offers opportunities for commercial property

Thursday, 22 June 2017, 12:09 pm | Bayleys

Two newly-built commercial premises in the high-profile purpose-built Grange retail hub just north of Auckland have been placed on the market for sale. More >>

Meridian CEO Binns to stand down this year

Thursday, 22 June 2017, 12:01 pm | BusinessDesk

Meridian CEO Binns to stand down this year after steering firm from SOE to NZX heavyweight More >>

Soft Plastics Recycling Programme to Dunedin

Thursday, 22 June 2017, 11:42 am | Retail NZ

Retail NZ has welcomed the extension of the Soft Plastics Recycling Programme to Dunedin. “Plastic bags are a key part of packaging everything from chocolate wrappers to potato chip bags, and the extension of the Soft Plastics Recycling Programme to ... More >>

NZ dollar little changed ahead of RBNZ review

Thursday, 22 June 2017, 11:36 am | BusinessDesk

NZ dollar little changed ahead of RBNZ review expected to keep rates on hold June 22 (BusinessDesk) - The New Zealand dollar barely budged heading into the Reserve Bank's latest policy review which is expected to keep the official cash rate at 1.75 ... More >>

Soft Plastic Recycling Comes to Dunedin

Thursday, 22 June 2017, 11:33 am | The Packaging Forum

The Packaging Forum today launched the Love NZ soft plastic recycling programme at fourteen New World, Countdown, FreshChoice, PAK’nSAVE and The Warehouse stores in Dunedin. Dunedin Mayor Dave Cull joined representatives from industry, community ... More >>

While you were sleeping: Oil slide continues

Thursday, 22 June 2017, 11:06 am | BusinessDesk

June 22 (BusinessDesk) - Wall Street was mixed amid the ongoing slide in oil prices, which touched the lowest level in 10 months. More >>

Displaced Labour Interns Welcome at The Taxpayers' Union

Thursday, 22 June 2017, 10:54 am | New Zealand Taxpayers' Union

Unlike the Labour Party, the Taxpayers' Union pays its student interns and pay at least the "living wage". Its Wellington office has space for at least two more international research interns in the lead up to polling day, and the Union ... More >>

Nelson Company Wins Gold at Academy of Chocolate Awards

Thursday, 22 June 2017, 10:51 am | Hogarth Craft Chocolate

Nelson company Hogarth Craft Chocolate has scored what is believed to be a first for NZ-made chocolate, winning a gold award in the flavoured dark chocolate bar section of the 2017 Academy of Chocolate Awards. More >>


Thursday, 22 June 2017, 10:43 am | BP New Zealand

BP has again decreased prices across its national company-owned network today, removing 2 cents per litre from all grades of petrol and diesel. More >>

Stars align for venison

Thursday, 22 June 2017, 10:43 am | Deer Industry NZ

Venison farmers are pinching themselves at their good fortune. Prices have steadily increased in the last two years to an all-time June high of $9 a kilogram, carcase weight, for quality stags. More >>

Business Owners Choose Kāpiti

Thursday, 22 June 2017, 10:35 am | Kapiti Coast Chamber Of Commerce

An Infometrics report commissioned by the Kāpiti Coast District Council has revealed new insights into the Kāpiti Coast’s booming self-employed business community, with house construction taking the lead as industry of choice. More >>

Transpower supports next generation of Women in Tech

Thursday, 22 June 2017, 10:33 am | Transpower

Transpower has put its support behind ShadowTech Day 2017, providing workplace mentors to female students studying Science, Technology, Engineering and Maths (STEM) subjects. More >>

Portland Cement Plant Receives Environmental Boost

Thursday, 22 June 2017, 10:31 am | Fletcher Building

A significant investment by Fletcher Building into an environmentally sustainable fuel for its Portland Cement manufacturing plant received a boost today from the Ministry for the Environment’s Waste Minimisation Fund. More >>


Thursday, 22 June 2017, 10:31 am | Dans le Noir

Given the success of the dining in the dark experience at Rydges Auckland, Dans le Noir ? which had to be closed on May 31st is extended until August 31st, 2017. More >>

Waste Management Announces Investment to Manage Used Tyres

Thursday, 22 June 2017, 10:28 am | Waste Management

Waste Management was today pleased to join Minister for the Environment, Hon Dr Nick Smith, along with representatives from Golden Bay Cement, to announce a significant step forward in addressing a critical environmental problem by better managing and ... More >>

Glidepath awarded new terminal system contract

Thursday, 22 June 2017, 10:26 am | Glidepath

Scheduled for completion in 2020, international construction firm Aecon has awarded Glidepath a multi-million US dollar baggage and security systems contract for the new terminal at LF Wade International Airport Bermuda. Situated at the northern most ... More >>

Bakery Sale Offers New Owners Chance to Roll In The Dough

Thursday, 22 June 2017, 10:24 am | Bayleys

One of Hawke’s Bay’s best known family-owned pie-shops and bakeries has been placed on the market for sale. More >>

CANSTAR awards five-star rating to NZCU Baywide

Thursday, 22 June 2017, 10:22 am | NZCU Baywide Credit Union

NZCU Baywide’s online saver account has been recognised again as one of New Zealand’s best savings accounts after being awarded a five-star rating by CANSTAR, New Zealand’s only online research service in retail and business finance. More >>

RJ’s Licorice is Wellington Exporter of the Year

Thursday, 22 June 2017, 9:58 am | Wellington Chamber Of Commerce

Licorice maker RJ’s Licorice is the winner of the inaugural ASB Wellington Exporter of the Year Award. More >>

Primary Sector Science Roadmap ‘not all about food’

Thursday, 22 June 2017, 9:44 am | NZ Forest Owners' Association

The just released Primary Sector Science Roadmap features a pine tree nursery on its front cover. More >>

India Trade Alliance Bridges NZ India Agriculture Divide

Thursday, 22 June 2017, 9:31 am | India Trade Alliance

India Trade Alliance was once again on the forefront of cementing Agriculture business and government relations between the state of Haryana, India and New Zealand. More >>

HiFX Data Update - RBNZ Official Cash Rate Decision

Thursday, 22 June 2017, 9:26 am | HiFX

The RBNZ have maintained the Official Cash Rate (OCR) at 1.75%. This was widely expected. More >>

Next steps outlined for the Commission’s decision on Powerco

Thursday, 22 June 2017, 9:23 am | Commerce Commission

The Commerce Commission has today released a process paper detailing the next steps for assessing lines company Powerco’s application proposing price increases to meet the cost of its planned $1.32 billion investment in its electricity lines network. More >>

Official Cash Rate unchanged at 1.75 percent

Thursday, 22 June 2017, 9:08 am | Reserve Bank

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. More >>

HiFX Morning Update, June 22 2017

Thursday, 22 June 2017, 8:45 am | HiFX

A further fall in oil prices despite a sharp drop in U.S. oil stockpiles has seen the NZD along with other commodity-linked currencies underperform against the majors. More >>

NZ dollar tad weaker

Wednesday, 21 June 2017, 8:16 pm | BusinessDesk

June 21 (BusinessDesk) – The New Zealand dollar is slightly weaker as markets anticipate the central bank will attempt to jawbone it lower in tomorrow's official cash rate review while keeping rates on hold at 1.75 percent. More >>

Supreme Court judges mull interpretation of ERA

Wednesday, 21 June 2017, 6:52 pm | BusinessDesk

June 21 (BusinessDesk) – The Supreme Court is concerned an overly broad interpretation of the Employment Relations Act could limit employers' negotiating powers, as Affco and the Meat Workers Union continue their dispute in the country's highest court. More >>

FMA weighs up fast-tracking personalised robo-advice

Wednesday, 21 June 2017, 6:12 pm | BusinessDesk

June 21 (BusinessDesk) - The Financial Markets Authority is considering using its powers to fast-track automated personalised financial advice ahead of the expected 2019 schedule in the latest overhaul of legislation governing the sector. More >>

Costly science funding applications

Wednesday, 21 June 2017, 6:11 pm | BusinessDesk

Costly science funding applications still the elephant in the room By Rebecca Howard June 21 (BusinessDesk) – Funding remains the elephant in the room for the scientific community and while the end point of research is positive, there is a need to keep ... More >>

MARKET CLOSE: NZ shares join global retreat as oil declines

Wednesday, 21 June 2017, 6:09 pm | BusinessDesk

MARKET CLOSE: NZ shares join global retreat as oil declines; dual-listed Fletcher, Air NZ drop More >>

Growing job vacancies in tourism & hospitality

Wednesday, 21 June 2017, 5:05 pm | Tourism Industry Association

Growing job vacancies in tourism & hospitality New job vacancy data illustrates the difficulties tourism and hospitality businesses are facing to find good staff, Tourism Industry Aotearoa says. The latest Jobs Online report issued today by the ... More >>

Vodafone Surfing Speed up 30%

Wednesday, 21 June 2017, 4:53 pm | TrueNet

Vodafone Cable connections show a 31% increase in NZ webpage average speed this month compared to last month. Vodafone Fibre shows a 29% increase month on month. More >>

UDC Finance debenture holders approve change to Trust Deed

Wednesday, 21 June 2017, 4:37 pm | ANZ Bank

UDC Finance debenture holders approve amendment to Trust Deed UDC Finance Limited’s (UDC) debenture holders today passed a special resolution to amend the company’s Trust Deed. The amendment requires UDC to repay Secured Investments if a sale to ... More >>

NZ Start-Up looking to build the future

Wednesday, 21 June 2017, 4:09 pm | Taiga

Auckland, New Zealand: Introducing the “Sentinel40”, an advanced habitat that incorporates Japanese tech and off-grid capabilities in a 40ft container that can be shipped anywhere in world. More >>

Performance reviews – are they as dead as the dinosaurs?

Wednesday, 21 June 2017, 3:16 pm | Hays

Almost two-thirds (63 per cent) of managers in New Zealand would like to ditch the annual performance review in favour of more regular feedback, according to a survey by recruiting experts Hays. More >>

New purpose built Dunedin harbour premises for Steel & Tube

Wednesday, 21 June 2017, 3:05 pm | Steel and Tube Holdings

Steel & Tube has unveiled its new warehousing, office and trade shop space to customers and shareholders at an official opening by Minister and Dunedin MP Michael Woodhouse. More >>

FMA seeks feedback on robo-advice exemption

Wednesday, 21 June 2017, 2:35 pm | Financial Markets Authority

The FMA is seeking feedback on its proposals to allow entities to provide personalised financial advice generated by a computer programme or algorithm (robo-advice). This would be a temporary measure before new legislation is passed by Parliament. More >>

Kiwi Technology In Demand In Bermuda

Wednesday, 21 June 2017, 2:25 pm | Bison

BISON, the New Zealand tech company, has just shipped a second set of its pioneering container scales to Bermuda, this time to the America's Cup Event Authority (ACEA). The ACEA follows the lead of Emirates Team New Zealand (ETNZ), who have already adopted ... More >>

The ABC of bribery & corruption: Deloitte 2017 survey

Wednesday, 21 June 2017, 1:33 pm | Deloitte

Kiwi organisations appreciate the risks associated with bribery and corruption but their response is comparatively slow More >>

Huge America’s Cup success for small NZ company

Wednesday, 21 June 2017, 1:31 pm | Igtimi

A small New Zealand firm is making a giant contribution to the America’s Cup. More >>

New portal offers wide range of training for vet practices

Wednesday, 21 June 2017, 12:45 pm | Bayer NZ

Auckland 21 June 2017 – Today, Bayer New Zealand has launched VetSpace, a new training portal that provides a wide range of online training essentials for keeping veterinary clinics up-to-date with new developments. More >>

Smiths City FY profit halves from year-earlier result

Wednesday, 21 June 2017, 12:37 pm | BusinessDesk

June 21 (BusinessDesk) – Smiths City Group's annual profit more than halved without the one-off gain from the sale of its Colombo St store in 2016, although underlying earnings jumped from wider margins in its finance division and a smaller restructuring ... More >>

Tourism Holdings raises annual earnings guidance

Wednesday, 21 June 2017, 11:50 am | BusinessDesk

June 21 (BusinessDesk) – Tourism Holdings raised its earnings guidance and says annual profit will probably rise by about 21 percent as New Zealand continues to register record visitor numbers. More >>

NZ dollar hits 3 1/2 mth high vs Pound

Wednesday, 21 June 2017, 11:49 am | BusinessDesk

June 21 (BusinessDesk) – The New Zealand dollar rose to a three-and-a-half month high against the British pound after Bank of England governor Mark Carney talked down the need for early interest rate hikes, while the Reserve Bank's policy review ... More >>

Bauer Media Group Appoints Paul Dykzeul

Wednesday, 21 June 2017, 11:18 am | Bauer Media

Bauer Media Group have named experienced media executive Paul Dykzeul as chief executive officer of Bauer Media Australia and New Zealand. More >>

While you were sleeping: Oil hits lowest this year

Wednesday, 21 June 2017, 11:16 am | BusinessDesk

June 21 (BusinessDesk) – Wall Street declined from record highs as oil prices slid to the lowest level in seven months amid unabated concern about the global glut. More >>

Online Job Advertisements Steady Again in May

Wednesday, 21 June 2017, 10:51 am | MBIE

The numbers of online job advertisements were steady with an increase of 0.6 per cent in May and 11.8 per cent over the year, according to the latest Ministry of Business, Innovation and Employment (MBIE) Jobs Online report. More >>

REINZ announces National Real Estate Auctioneering Champion

Wednesday, 21 June 2017, 10:46 am | REINZ

The Real Estate Institute of New Zealand (REINZ) is delighted to announce that Ned Allison from Harcourts Grenadier in Christchurch is the winner of the 2017 REINZ National Real Estate Auctioneering Championships. Mark McGoldrick from Harcourts ... More >>

Private insurers receive $1.8b Kaikōura earthquake claims

Wednesday, 21 June 2017, 10:13 am | Insurance Council

The total value of insurance claims for the 14 November Kaikōura earthquake as at 31 May 2017 is $1.84 billion the Insurance Council reported today. More >>