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Latest Business Headlines [Page 2]

Rakon 1H earnings jump on one-off gain, improved margins

Thursday, 15 November 2018, 1:46 pm | BusinessDesk

Nov. 15 (BusinessDesk) - High-tech components maker Rakon reported a lift in first-half earnings as revenue increased and its cost of sales remained stable. More >>

KiwiRail gets $40M for new Manawatu freight hub

Thursday, 15 November 2018, 1:39 pm | BusinessDesk

Nov. 15 (BusinessDesk) - KiwiRail is planning to relocate its Palmerston North operations out of the city as part of plans to develop a regional hub to better handle freight flows throughout the lower North Island. More >>

October 2018 power switching stats released

Thursday, 15 November 2018, 1:30 pm | Electricity Authority

The latest monthly statistics show 38,870 New Zealand households changed electricity supplier during October. More >>

Incentives for bank staff too highly focused on sales

Thursday, 15 November 2018, 1:27 pm | Financial Markets Authority

Incentives for bank staff too highly focused on sales The Financial Markets Authority (FMA) today published Bank Incentive Structures, its thematic review of how banks in New Zealand incentivise their staff. The report sits alongside the recently published ... More >>

MYOB grabs top spot for new cloud-accounting customers

Thursday, 15 November 2018, 12:28 pm | MYOB

Accounting software company MYOB has released new figures showing it is now the fastest growing cloud-accounting business in Australia and New Zealand with 205,000 new subscriptions added in the 12 months to September 2018. It marks a remarkable transformation for ... More >>

NZ dollar strengthens on draft Brexit deal

Thursday, 15 November 2018, 12:17 pm | BusinessDesk

Nov. 15 (BusinessDesk) - The New Zealand dollar strengthened against its key counterparts after UK Prime Minister Theresa May secured a draft deal on Brexit. More >>

Qrious Partners With Adobe

Thursday, 15 November 2018, 12:08 pm | Qrious

Qrious Partners With Adobe to Deliver Marketing Automation and Digital Optimisation Expertise for Enterprise Organisations More >>

Brexit, trade and data stir markets

Thursday, 15 November 2018, 12:06 pm | CMC Markets

A series of geopolitical headlines stirred the global financial markets overnight and boosted market volatility. The British Pound saw greater volatility after reports that the UK Prime Minister received agreement from her cabinet on a draft Brexit ... More >>

Decline in wine consumption impacting NZ industry

Thursday, 15 November 2018, 11:55 am | Michael Cooper's Best Wines

While five million glasses of New Zealand wine are consumed around the world every day, consumption in some key markets is actually declining and the industry is starting to see the impact, says wine writer Michael Cooper. More >>

RTF welcomes driver training investment

Thursday, 15 November 2018, 11:52 am | Road Transport Forum

The Road Transport Forum has welcomed today’s announcement that the Government will be investing $2.8 million into expansion of the driver training facility at Manfeild Park. More >>

Bell Gully leads NZ across key IFLR1000 ranking categories

Thursday, 15 November 2018, 11:11 am | Bell Gully

International Financial Law Review (IFLR) has recognised Bell Gully as leading the New Zealand market across key categories in its latest directory released in early November. More >>

Xero enriches connected platform for businesses and advisors

Thursday, 15 November 2018, 10:50 am | Xero

Digitisation takes centre stage at Xerocon London with new global updates as Xero removes friction, helping small businesses and advisers run projects efficiently, and make their businesses more profitable More >>

NZ Construction Industry Trends Match Global Pattern

Thursday, 15 November 2018, 10:48 am | Teletrac Navman

Auckland, New Zealand, 15 November 2018 – Increasing demand for services is putting pressure on talent acquisition, with construction companies turning to technology to forecast hiring, manage costs, and grow revenue. This finding comes from Teletrac ... More >>

Canterbury Trotting Club fined $10,000 for underpaying staff

Thursday, 15 November 2018, 10:44 am | Ministry of Business Innovation and Employment

The New Zealand Metropolitan Trotting Club Inc. (the Trotting Club) has been ordered to pay a $10,000 penalty by the Employment Relations Authority (ERA) for failure to pay more than 50 employees their correct holiday pay. More >>

Indirect payment of letting fees may be unintended outcome

Thursday, 15 November 2018, 10:35 am | NZ Property Investors Federation

Property managers are to be banned from charging tenants a letting fee from 12 December this year. More >>

Unruly Creates Bespoke Content Testing for NZ Market

Thursday, 15 November 2018, 10:00 am | Unruly

Unruly, the global video marketplace you can trust, launches New Zealand’s first cultural testing and targeting capability at ad:tech Auckland. More >>

Wellington Chamber Celebrates Sir John Anderson's Life

Thursday, 15 November 2018, 9:39 am | Wellington Chamber Of Commerce

The Wellington Chamber of Commerce acknowledges Sir John Anderson’s life of service following his passing, aged 73, yesterday. More >>

Electric Kiwi takes top ranking on Deloitte Fast 50 index

Thursday, 15 November 2018, 9:23 am | Deloitte

• Parkable named as 2018 national Rising Star winner • Southbase Construction ranks top of the Master of Growth index 14 November 2018 – Auckland-based independent digital electricity company Electric Kiwi has secured the number one spot in the ... More >>

BitPrime Cryptocurrency Price Update

Thursday, 15 November 2018, 9:20 am | BitPrime

Cryptocurrency Market Market capitalisation yesterday: NZD$312,703,448,212 Market capitalisation today: NZD$302,203,176,683 Change: -3.36% More >>

10,000 period products for NZ high schools

Thursday, 15 November 2018, 9:15 am | Dignity

The Dignity NZ team, from left: co-founder Miranda Hitchings, Hester Reich, co-founder Jacinta Gulasekharam, and Sophie MacDonald. More >>

Lines companies’ price-quality path reset - views sought

Thursday, 15 November 2018, 8:56 am | Commerce Commission

The Commerce Commission has today released a consultation paper seeking feedback on the potential issues it will be considering when resetting the price-quality paths that will apply to 17 regional electricity lines companies in New Zealand. More >>

Spark makes its unlimited mobile plan even better

Thursday, 15 November 2018, 8:40 am | Spark

Customers can now get unlimited data, calls and texts for $99.99 and share with up to 3 others on their account for just $29.99 each*. With four people on an account, the average price is now only $47.49 for an unlimited connection. More >>

Canon Announces Support of E-Waste Recycling Programme

Thursday, 15 November 2018, 8:31 am | Canon

Canon New Zealand is furthering its commitment to the environment by proudly announcing its support of TechCollect, a free e-waste collection and recycling pilot programme More >>

Robotics Plus receives US$8M investment from Yamaha Motor

Thursday, 15 November 2018, 8:29 am | Robotics Plus

Yamaha Motor Co. Ltd. makes second investment into world-leading agricultural automation and robotics innovator, bringing its total investment to US$10M More >>

HiFX morning Update, November 15, 2018

Thursday, 15 November 2018, 8:20 am | HiFX

The NZDUSD opens at 0.6788 (mid-rate) this morning. This morning all eyes are focused on the UK, where Cabinet is still meeting behind closed doors as Theresa May attempts to gain their support for Britain’s divorce deal from the EU. Overnight data from ... More >>

MARKET CLOSE: NZ stocks extend declines in jittery markets

Wednesday, 14 November 2018, 9:18 pm | BusinessDesk

Nov. 14 (BusinessDesk) - New Zealand shares fell as a sharp drop in oil prices and doubts about the prospects for China-US talks weighed on sentiment in Asian markets. More >>

Falling enrolments prompts voluntary redundancy call at Vic

Wednesday, 14 November 2018, 9:01 pm | BusinessDesk

Nov. 14 (BusinessDesk) - Falling enrolments, particularly in some humanities subjects, has prompted Victoria University of Wellington to invite staff who are "ready to leave" to take voluntary redundancy. More >>

Sanford fatality

Wednesday, 14 November 2018, 8:47 pm | Sanford Limited

We are sad to advise the tragic death of one of our crew members on our deepwater factory vessel, the San Granit, earlier today. Our thoughts are with the family, friends and workmates of our team member as they are dealing with this terrible incident. ... More >>

Fast 50 and NZTE award for Auckland BioSciences

Wednesday, 14 November 2018, 8:46 pm | Auckland BioSciences

It’s been a week of wins for Auckland BioSciences: a life sciences startup which has just been named New Zealand’s 43rd-fastest growing business at the Deloitte Fast 50 awards tonight. It’s the first time the company has entered the event and ... More >>

Million dollar tax evasion couple sentenced

Wednesday, 14 November 2018, 8:43 pm | BusinessDesk

Nov. 14 (BusinessDesk) - Paying employees under the counter, failing to declare cash sales and reporting substantial losses to avoid both company tax and GST has landed a Hastings couple with prison and home detention sentences for tax evasion ... More >>

NZ dollar gains against Aussie on muted Aust wage growth

Wednesday, 14 November 2018, 8:26 pm | BusinessDesk

Nov. 14 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar after wage growth across the Tasman remained muted in the third quarter. More >>

Spring sprouts into action says REINZ

Wednesday, 14 November 2018, 7:47 pm | REINZ

Spring sprouts into action with highest number of sales in 5 months, says REINZ The number of residential properties sold across New Zealand increased by 15.5% year-on-year – the highest number of sales in 5 months according to the latest data from the ... More >>

Contact looking again at wind

Wednesday, 14 November 2018, 7:45 pm | BusinessDesk

Nov. 14 (BusinessDesk) - Contact Energy is looking again at wind generation and may carry out some preliminary investigations during the next two years. More >>

Rental Market Statistics: October Report

Wednesday, 14 November 2018, 5:36 pm | Oxygen

Every month we gather the most recent information on rental prices in Wellington and the Hawke's Bay. This is a great way to look at an overview of how much you could potentially rent out your investment property for. More >>

SIFA pans second draft of financial advice code

Wednesday, 14 November 2018, 5:18 pm | BusinessDesk

Nov. 14 (BusinessDesk) - A group representing independent financial advisers says the latest attempt at a code of conduct for the sector is “both lacking in content and platitudinous.” More >>

Hastings restaurant owners sentenced for tax evasion

Wednesday, 14 November 2018, 4:59 pm | New Zealand Inland Revenue

A Hastings couple, who operated dairies, restaurants and other businesses, have been sentenced to prison and home detention on tax evasion charges totalling nearly a million dollars. More >>

Come clean about Victoria University’s future, VC told

Wednesday, 14 November 2018, 4:41 pm | Tertiary Education Union

The Vice-Chancellor of the Victoria University of Wellington, Professor Grant Guilford has been told by the Tertiary Education Union (TEU) to come clean about his plans for the future of the university after all staff were sent an email yesterday inviting ... More >>

MEDIA STATEMENT - fatal accident on NZ fishing vessel

Wednesday, 14 November 2018, 4:31 pm | Transport Accident Investigation Commission

The Transport Accident Investigation Commission has opened an inquiry into a fatal accident on board the New Zealand-registered factory fishing vessel San Granit. The accident occurred some 55 miles East of Banks Peninsula at about 0400 this morning. ... More >>

Inaugural Lightning Lab GovTech Demo Day deemed huge success

Wednesday, 14 November 2018, 4:20 pm | Creative HQ

New tech and entrepreneurial thinking is looking to save albatross from extinction, giving Kiwis a blockchain-based digital identity, and humanising the way agencies prevent and respond to family violence in Aotearoa. More >>

ANZ pays tribute to Sir John Anderson

Wednesday, 14 November 2018, 4:16 pm | ANZ Bank

ANZ Bank New Zealand today paid tribute to former CEO Sir John Anderson, who passed away last night, and extended condolences to his family. ANZ New Zealand CEO David Hisco said: “Sir John Anderson had a long and successful career in New Zealand ... More >>

UPDATE: Mainfreight shares lift

Wednesday, 14 November 2018, 4:14 pm | BusinessDesk

Mainfreight's shares lifted 4.2 percent after its offshore divisions kicked into gear, driving growth in the first half of the year. More >>

Ebos promises productivity improvements and acquisitions

Wednesday, 14 November 2018, 4:07 pm | BusinessDesk

Pharmaceuticals and petfood company Ebos demonstrated how it will improve productivity and hinted at potential acquisitions and other avenues for growth at its latest investor day. More >>

TaleFlick Launches in New Zealand

Wednesday, 14 November 2018, 2:19 pm | Taleflick

From Taihepe to Taieri, New Zealand writers and storytellers can now bridge the geographic divide to Hollywood, thanks to TaleFlick - a digital story content platform that connects content creators with film studios and producers. More >>

Auckland-Chicago named a top 10 ‘most exciting’ new route

Wednesday, 14 November 2018, 2:11 pm | Air New Zealand

Lonely Planet has named Air New Zealand’s new nonstop Auckland-Chicago service as one of the most exciting new airline routes of 2019. More >>

October house sales jumped 15.5% on 2017

Wednesday, 14 November 2018, 1:31 pm | BusinessDesk

House prices rose just 0.5 percent nationwide in October from September, while Auckland prices fell a smidgeon. However volumes of houses sold jumped 15.5 percent from last October to the highest number in five months. More >>

World Energy report shows New Zealand alone in rejecting gas

Wednesday, 14 November 2018, 1:27 pm | PEPANZ

No other country appears to be following New Zealand’s ‘leadership’ in abandoning natural gas exploration, according to the International Energy Agency’s World Energy Outlook for 2018. More >>

Arable industry positivity on growth path

Wednesday, 14 November 2018, 1:23 pm | Federated Farmers

Cuts in unsold stocks and a continued resurgence in hectares sown is more evidence of confidence throughout the arable industry, Brian Leadley of Federated Farmers says. More >>

Mainfreight reports strong lift in 1H net profit

Wednesday, 14 November 2018, 12:48 pm | BusinessDesk

Nov. 14 (BusinessDesk) - Mainfreight reported a 32 percent lift in its first-half net profit as its offshore divisions continue to grow. The global transport and logistics company said trading through October and into November has continued to be strong. More >>

Chorus boosts fast fibre connections, plans price cuts

Wednesday, 14 November 2018, 12:46 pm | BusinessDesk

Nov. 14 (BusinessDesk) - Chorus has announced plans to reduce the wholesale price of its premium fibre product in mid-2019 and again in mid-2020. Meanwhile, it has increased the number of ultra-fast broadband connections on its network to 500,000, ... More >>

Auckland’s supply chain complications

Wednesday, 14 November 2018, 12:41 pm | National Road Carriers

National Road Carriers Association and the Ports of Auckland are combining forces to promote change in the supply chain to improve delivery times and prevent delays. More >>

Infratil extends Tilt takeover offer for last time

Wednesday, 14 November 2018, 12:20 pm | BusinessDesk

Nov. 14 (BusinessDesk) - Infratil has extended its takeover offer for Tilt Renewables until the end of the month in a final attempt to garner the 90 percent stake it needs to compulsorily acquire the remaining shares. More >>

NZ dollar gains against greenback on US-China trade talks

Wednesday, 14 November 2018, 11:53 am | BusinessDesk

Nov. 14 (BusinessDesk) - The New Zealand dollar climbed against its US counterpart amid optimism about a revival of trade talks between the US and China, while progress in Brexit negotiations also underpinned the mood. More >>

East Coast nurses and health care assistants to join strike

Wednesday, 14 November 2018, 11:34 am | New Zealand Nurses Organisation

NZNO nurses and health care assistants (HCAs) will join colleagues in various professions, and from three other unions, in a 24 hour strike over a breakdown in their collective agreement negotiation with East Coast PHO Ngāti Porou Hauora (NPH). The strike will ... More >>

Regulation needed to support 'green' bonds

Wednesday, 14 November 2018, 11:33 am | BusinessDesk

Nov. 14 (BusinessDesk) - Urgent investment required to help meet climate change targets is more likely to happen if the government drops its hands-off approach to regulating so-called ‘green’ bonds, Auckland law firm Chapman Tripp says. More >>

Gough Cat signs dealer agreement with US company Weiler Inc

Wednesday, 14 November 2018, 10:34 am | Gough Group

Gough Cat is excited to announce an agreement with United States company Weiler Incorporated to distribute its forestry product line in New Zealand. More >>

KVH wins biosecurity award

Wednesday, 14 November 2018, 10:30 am | Kiwifruit Vine Health Inc.

Kiwifruit Vine Health (KVH) has won a national biosecurity award for its contribution to the biosecurity integrity of the New Zealand kiwifruit industry. More >>

EQCFix questions terms of reference of Public Inquiry

Wednesday, 14 November 2018, 10:29 am | EQCfix

The announcement of a Public Inquiry into EQC is welcomed today by claimants’ group EQCFix . “However, we are unsure to what extent the Inquiry will look at the drivers behind the operational decisions that were made by, and in some cases ... More >>

Study reveals 'Nostalgia Tourism' set to boom this Summer

Wednesday, 14 November 2018, 10:20 am | Bookabach

Kiwi travellers are preparing for a season of memory making with nostalgia tourism becoming an increasingly popular trend this summer according to a new report from Bookabach . A national study out today has revealed two thirds (65 per cent) have ... More >>

Anchor breaks new sales record at China's Double 11

Wednesday, 14 November 2018, 10:15 am | Fonterra

Anchor products shone at Double 11, the world’s largest 24-hour shopping event, with Fonterra sales jumping 31% on last year. President of Fonterra China, Christina Zhu, says Fonterra achieved another strong result with an estimated total of $28 ... More >>

Winners announced in fourth annual iSANZ Awards

Wednesday, 14 November 2018, 10:13 am | ISANZ

Specialist New Zealand information security firms, banks, public sector agencies, non-profits and highly-skilled professionals were honoured last night at the fourth annual iSANZ Awards. Judged awards were handed out in five categories. A Hall of ... More >>