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Latest Business Headlines [Page 2]

F&P Healthcare extends patent fight vs ResMed

Tuesday, 12 December 2017, 6:28 pm | BusinessDesk

Dec. 12 (BusinessDesk) - Fisher and Paykel Healthcare has extended its patent fight with ResMed to Australia, seeking damages and injunctions to halt sales of its rival's products that it says infringed four patents. More >>

Kiwi Property bond offer oversubscribed

Tuesday, 12 December 2017, 6:27 pm | BusinessDesk

Dec. 12 (BusinessDesk) - Kiwi Property Group has raised $125 million in seven-year bonds, accepting $50 million in oversubscriptions after a bookbuild set the interest rate at the bottom end of the indicative range. More >>

Mānuka honey testing introduced as UK accepts NZ trademark

Tuesday, 12 December 2017, 5:30 pm | BusinessDesk

Dec. 12 (BusinessDesk) - Mānuka honey will be given an official marker under a new testing regime issued by the Ministry for Primary Industries, as the UK recognises New Zealand's rights to the name. More >>

The Warehouse launches EV chargers

Tuesday, 12 December 2017, 5:22 pm | The Warehouse Group

The Warehouse has begun installing electric vehicle (EV) charging stations at many stores across New Zealand. The network is being launched in Southland with Invercargill to be the first official store where EV owners can plug in to charge their vehicles. More >>

GeoOp to raise funds in the new year to get to break even

Tuesday, 12 December 2017, 4:31 pm | BusinessDesk

Dec. 12 (BusinessDesk) - GeoOp plans to raise fresh capital in the new year after a scuttled initial public offering across the Tasman to help the management app developer break even. More >>

Christmas comes early for homeowners

Tuesday, 12 December 2017, 4:28 pm | Trade Me Property

Christmas has come early for many Kiwi homeowners after the national average asking price climbed 2.5 per cent on last month to $639,150, according to the latest Trade Me Property Price Index. More >>

nib earns first CQ Tick for cultural intelligence

Tuesday, 12 December 2017, 4:24 pm | nib NZ

nib will today become one of the first corporate organisations in New Zealand to be awarded the “CQ Tick”, reflecting the health insurer’s commitment to exploring and responding to gender and cultural diversity both within the workplace and their ... More >>

MPI report - reasons to be cheerful say Feds

Tuesday, 12 December 2017, 4:18 pm | Federated Farmers

The strength and value of the New Zealand primary sector is indisputable with industry exports projected to exceed $41.4 billion by mid-2018. More >>

Boost to local democracy as Aucklanders debate future

Tuesday, 12 December 2017, 4:16 pm | Public Service Association

Disestablishing a major council-controlled organisation (CCO) would be a step forward for Auckland Council and a great improvement to local democracy, the PSA says. More >>

Infection positives underline 'protect your patch' message

Tuesday, 12 December 2017, 3:57 pm | Federated Farmers

Good on-farm biosecurity and accurate tracing of animal movement is not an option in today’s world, it’s an imperative, Federated Farmers President Katie Milne said. More >>

Partners Life named as IBM Best Workplaces Award Finalist

Tuesday, 12 December 2017, 3:52 pm | Partners Life

Takapuna, December 2017 – Partners Life has been named as a finalist in the Medium – Large Workplace category of the 2017 IBM Best Workplaces Awards, based on New Zealand’s largest and longest running study of workplace climate and employee engagement. ... More >>

Final call for eligible investors in the Hanover settlement

Tuesday, 12 December 2017, 3:51 pm | Financial Markets Authority

We urge eligible investors in the Hanover settlement who have not yet made a claim for their money, to do so before Friday 16 February 2018. More >>

Portable bocce courts build Special Olympics participation

Tuesday, 12 December 2017, 3:47 pm | Packaworld

The number of athletes playing bocce at the 2017 Special Olympics New Zealand National Summer Games increased by 28 per cent since the previous event – and inflatable courts from Wellington’s Packaworld International are a driving force behind the ... More >>

Moana New Zealand makes record dividend pay out to Iwi

Tuesday, 12 December 2017, 3:39 pm | Moana Fisheries

Moana New Zealand makes record dividend pay out to Iwi Iwi-owned fishing company Moana New Zealand has today made its biggest dividend pay out to shareholders yet. The 58 Iwi shareholders will receive their share of the $9.7 million dividend. The ... More >>

NZ shoppers welcome the start of summer stonefruit season

Tuesday, 12 December 2017, 3:20 pm | Foodstuffs Limited

The summer stonefruit season is only 10 weeks long, from mid-December to March, but New Zealanders certainly make the most of it. Figures from Summerfruit NZ show that in the 2016-17 season, New Zealanders consumed 4,064 tonnes of nectarines; 3,579 ... More >>

Plastic pipe building company opens North Island base

Tuesday, 12 December 2017, 3:18 pm | Frank PKS

Frank PKS (NZ) Ltd is establishing a new manufacturing plant in Levin to meet growing demand in the North Island. More >>

Wynn Williams welcomes Anthony Drake to the Partnership

Tuesday, 12 December 2017, 3:13 pm | Wynn Williams

Anthony Drake joins the Partnership from another national firm to work with Amanda Douglas as a Partner in the Employment Group and wider Dispute Resolution Team at Wynn Williams. More >>

FAB Group makes first offshore acquisition in London

Tuesday, 12 December 2017, 3:10 pm | Fab Group

FAB Group makes first offshore acquisition in London, with 40 more planned in the next two years Owners of Caci clinic franchise buy first offshore site 12 December 2017 – FAB Group , New Zealand’s leader in appearance medicine and skin rejuvenation ... More >>

Manuka Health welcomes MPI efforts over honey

Tuesday, 12 December 2017, 2:58 pm | Manuka Health NZ

Manuka Health welcomes New Zealand’s new official Manuka honey definition. New Zealand’s Ministry for Primary Industries (MPI) has released its finalised scientific definition which identifies five properties to authenticate genuine Manuka honey, ... More >>

Napier Port profit hits record in 2017

Tuesday, 12 December 2017, 2:44 pm | BusinessDesk

Dec. 12 (BusinessDesk) - Napier Port lifted net profit to a record this year as the Kaikoura earthquake meant it benefited from atypically high cargo volumes, and it wants to expand so it can handle larger tourism and trade ships More >>

Umbrellar launches CloudConnect powered by Veeam

Tuesday, 12 December 2017, 2:22 pm | Umbrellar

Umbrellar CloudConnect a quick, simple and affordable way to backup data from devices on all platforms More >>

NZ guest nights rise in October on good weather

Tuesday, 12 December 2017, 2:17 pm | BusinessDesk

Dec. 12 (BusinessDesk) - New Zealand national guest nights rose in October from a year earlier as demand was bolstered by good weather, a longer ski season and more school holidays. More >>

Wellington businesses get record sustainability recognition

Tuesday, 12 December 2017, 2:10 pm | Sustainable Business Network

Wellington-based New Zealand Post took out the Supreme Award: NZI Greatest Contribution to a Sustainable New Zealand. Five other winners hail from Wellington and a record 20 finalists were also locals. More >>

CRP says rejection of EPA costs claim will hurt cashflow

Tuesday, 12 December 2017, 2:03 pm | BusinessDesk

Chatham Rock Phosphate will take legal advice on its next steps after the High Court dismissed its application to review costs charged by the Environmental Protection Authority, something it said will hurt its cash flow. More >>

Mrs Higgins now able to expand rapidly

Tuesday, 12 December 2017, 1:42 pm | Rangatira Investments

Mrs Higgins is delighted to announce that Rangatira Investments acquired a 50% shareholding in the company. The remaining 50% is retained by current owners Markus and Bronwyn Hasler. More >>

Landmark UK decision major step in protecting Mānuka honey

Tuesday, 12 December 2017, 1:37 pm | UMF Honey Association

An early Christmas present for New Zealand and its beekeeping industry has arrived in a landmark decision overnight by the UK Trade Mark Registry to accept the term Mānuka honey as a certification mark. More >>

NZ Organic Wine Awards partner with Riedel Glassware

Tuesday, 12 December 2017, 1:35 pm | Organic Wine Awards

In an exciting new partnership for 2018 the New Zealand Organic Wine Awards has signed a multi year agreement with Riedel, the wine glass company (RSN New Zealand). The partnership will see Riedel as the exclusive glassware provider for the event, including ... More >>

Port continues to be regional economic anchor-point

Tuesday, 12 December 2017, 1:32 pm | Taranaki Regional Council

Port Taranaki remains a vital element in the regional economy despite ups and downs in its key freight commodities, a new economic assessment report shows. More >>

Seafood outlook looking rosy

Tuesday, 12 December 2017, 1:22 pm | Seafood New Zealand

The latest Situation and Outlook for Primary Industries , released yesterday by the Ministry for Primary Industries, paints a positive picture for the future of New Zealand’s commercial seafood industry. More >>

MovingPros Award Winners Announced

Tuesday, 12 December 2017, 1:21 pm | MovingPros

The MovingPros 2017 Mover of the Year Award winners were announced today, recognising the top 10 movers on the platform from across New Zealand, based on verified customer reviews. More >>

Divorce, Death, Disaster and what it means for KiwiSavers

Tuesday, 12 December 2017, 1:18 pm | Westpac

A survey of KiwiSaver members by Westpac NZ shows many people have little idea about what happens to their savings in the event of unforeseen circumstances, such as divorce, death or financial disaster. More >>

ERoad plans $18m capital raise as it pushes US expansion

Tuesday, 12 December 2017, 1:16 pm | BusinessDesk

Dec. 12 (BusinessDesk) - ERoad is in a trading halt as it looks to raise at least $18 million through a placement and a share purchase plan to fund an upgrade of its back-end systems amid a push into North America. More >>

Ryman buys Victoria University's Karori campus

Tuesday, 12 December 2017, 1:08 pm | BusinessDesk

Dec. 12 (BusinessDesk) - Ryman Healthcare, New Zealand's largest retirement village operator, has bought Victoria University of Wellington's former Karori campus for an undisclosed sum to convert into a retirement village. More >>

OG Oil & Gas crosses 50% threshold in bid for NZOG

Tuesday, 12 December 2017, 12:26 pm | BusinessDesk

Dec. 12 (BusinessDesk) - OG Oil & Gas has crossed the 50 percent threshold needed to win control of NZX-listed New Zealand Oil & Gas in a partial takeover of the local energy explorer and producer, meaning it now just needs regulatory approval to declare ... More >>

NZ dollar climbs to two-week high on Orr appointment

Tuesday, 12 December 2017, 11:44 am | BusinessDesk

Dec. 12 (BusinessDesk) - The New Zealand dollar rose to a two-week high on optimism about the appointment of Adrian Orr as next governor of the Reserve Bank, while globally, markets are awaiting a raft of central bank reviews this week. More >>

FMA Publishes Accredited Body Reports for NZICA & CPA (Aust)

Tuesday, 12 December 2017, 11:36 am | Financial Markets Authority

The Financial Markets Authority (FMA) has today published the accredited body reports for the New Zealand Institute of Chartered Accountants (NZICA) and CPA Australia. More >>

Forestry Company Praised for Protecting Kea Nest

Tuesday, 12 December 2017, 11:21 am | New Zealand Government

The Department of Conservation is praising a Nelson forestry company for temporarily halting operations around a kea nest to protect the kea. More >>

While you were sleeping: Shazam, Wall St rises again

Tuesday, 12 December 2017, 11:15 am | BusinessDesk

Dec. 12 (BusinessDesk) - Wall Street moved higher, while the US dollar and Treasuries fell, as Federal Reserve policy makers are expected to be gearing up to raise interest rates for the third time this year. More >>

Widespread Rise in October Guest Nights

Tuesday, 12 December 2017, 10:51 am | Statistics New Zealand

New Zealand’s total guest nights increased 4.8 percent to 3.1 million in October 2017 compared with October 2016, Stats NZ said today. More >>

New Intel Pentium Silver and Intel Celeron Processors:

Tuesday, 12 December 2017, 10:27 am | Intel

Intel delivers industry-leading innovations and creates new experiences across its portfolio products. Today, Intel unveils the all-new Intel Pentium® Silver and Intel Celeron® processors. More >>

Mad Butcher Launches New BBQ Meat Boxes

Tuesday, 12 December 2017, 10:24 am | The Mad Butcher

BBQ season is finally here and, to celebrate, New Zealand’s number one BBQ shop Mad Butcher has launched three new BBQ Meat Boxes. They’re perfect to take away to the bach, the beach or to enjoy at home with friends and family during the festive ... More >>

Dodson Motorsport Set Sales Records at Las Vegas Trade Show

Tuesday, 12 December 2017, 10:19 am | Dodson Motorsport

Dodson Motorsport, world leaders in aftermarket dual clutch transmission components, set track and sales records at the 2017 SEMA trade show in Las Vegas. The company set a new world record for the fastest VW Golf MK7R, increased revenue 25 per cent, ... More >>

Accounting industry stands on the edge of a precipice

Tuesday, 12 December 2017, 9:51 am | Connect Outsourcing

The accounting industry stands on the edge of a precipice. Are you ready to jump? More >>

Govt to boost sustainable farming fund for smaller projects

Tuesday, 12 December 2017, 9:35 am | BusinessDesk

Dec. 11 (BusinessDesk) - Agriculture Minister Damien O'Connor will pour more resource into the Ministry for Primary Industries sustainable farming fund to back small projects he says "deliver what people want" More >>

nib earns first CQ Tick for cultural intelligence

Tuesday, 12 December 2017, 8:46 am | nib holdings

nib will today become one of the first corporate organisations in New Zealand to be awarded the “CQ Tick”, reflecting the health insurer’s commitment to exploring and responding to gender and cultural diversity both within the workplace and their ... More >>

50 Year Reunion of Codelfa-Cogefar (NZ) Ltd

Tuesday, 12 December 2017, 8:24 am | Codelfa-Cogefar

More than 20 former workers of Codelfa-Cogefar (NZ) Ltd gathered from Italy, Australia, Samoa and around New Zealand to attend the Codelfa-Cogefar (NZ) Ltd Workers 50 Year Reunion in Turangi during 1-3 December, along with ex-colleagues, family and friends. ... More >>

BusinessNZ Energy Council positive about energy future

Tuesday, 12 December 2017, 8:07 am | Business NZ

The BusinessNZ Energy Council (BEC) has released its post-election briefing setting out the conditions required to unlock a positive energy future for New Zealand. More >>

HiFX Morning Update, December 12, 2017

Tuesday, 12 December 2017, 7:49 am | HiFX

The NZDUSD opens at 0.6916 (mid-rate) this morning. The NZD has been the strongest performing of the G10 currencies. The NZD rallied following the announcement that Adrian Orr has been appointed as the Reserve Bank Governor effective from 27 March ... More >>

MARKET CLOSE: NZ shares rise, led by Metro Glass, Heartland

Monday, 11 December 2017, 8:32 pm | BusinessDesk

Dec. 11 (BusinessDesk) - New Zealand shares rose, led by Metro Performance Glass and Heartland Bank, while dairy-related companies A2 Milk Co and Synlait Milk continued to weaken. More >>

NZ dollar jumps as Orr named governor

Monday, 11 December 2017, 8:18 pm | BusinessDesk

Dec. 11 (BusinessDesk) - The New Zealand dollar jumped after NZ Superannuation Fund chief Adrian Orr was named as next governor of the Reserve Bank, installing a seasoned veteran well known by the business community and possibly more hawkish than the incumbent. More >>

UPDATE: Super Fund boss Adrian Orr appointed next RBNZ gov

Monday, 11 December 2017, 8:13 pm | BusinessDesk

Dec. 11 (BusinessDesk) - New Zealand Superannuation Fund chief executive Adrian Orr has been named the next Reserve Bank governor, starting in late March 2018. More >>

Bankers’ Association congratulates new Reserve Bank Governor

Monday, 11 December 2017, 8:05 pm | New Zealand Bankers' Association

Bankers’ Association congratulates new Reserve Bank Governor The New Zealand Bankers’ Association today congratulated Adrian Orr on his appointment as the next Governor of the Reserve Bank of New Zealand. “New Zealand is lucky that we have someone ... More >>

NZ Super Fund boss Adrian Orr appointed next RBNZ governor

Monday, 11 December 2017, 7:21 pm | BusinessDesk

Dec. 11 (BusinessDesk) - New Zealand Superannuation Fund chief executive Adrian Orr has been named the next Reserve Bank governor, starting in late March 2018. More >>

IRD auditing 16 multinational over $100 mln of tax avoidance

Monday, 11 December 2017, 7:20 pm | BusinessDesk

Dec. 11 (BusinessDesk) - The Inland Revenue Department is auditing 16 multinational firms over their use of transfer pricing to trim their annual collective tax bill by about $100 million. More >>

Dairy Compliance Awards

Monday, 11 December 2017, 7:11 pm | Hawkes Bay Regional Council

Dairy Compliance Awards Hawke’s Bay’s dairy farmers who are consistently achieving full compliance with their resource consents were recognised at the Dairy Compliance Awards 2017 event last week (Thursday 7 December). HBRC Chief Executive James Palmer ... More >>

New Business Development Director for Destination Queenstown

Monday, 11 December 2017, 7:07 pm | Destination Queenstown

Queenstown, New Zealand (Monday 11 December, 2017) – Destination Queenstown (DQ) is pleased to announce the appointment of Kiran Nambiar to the position of Business Development Director, effective from January 2018. More >>

China will remain world’s largest bottled water market

Monday, 11 December 2017, 4:39 pm | GlobalData

The ever increasing thirst for quality water and health-conscious drinking habits will mean that China retains its position as the world’s biggest bottled water market to 2021, according to GlobalData, a leading data and analytics company. More >>

Microsoft NZ lifts FY profit 15% on consulting gains

Monday, 11 December 2017, 4:36 pm | BusinessDesk

Microsoft NZ lifts FY profit 15% on consulting gains; Oracle NZ posts loss on impairment More >>

NZ legal expert appointed to address Australian fraud case

Monday, 11 December 2017, 4:33 pm | McKenzie Friend Professionals

Former senior lawyer and leading McKenzie Friend, Vinay Deobhakta from Auckland has been accepted as a McKenzie Friend by the NSW Supreme Court In the litigation involving Australia’s biggest ever “ponzi “scheme”. More >>

Comments on Bitcoin Future's Trading

Monday, 11 December 2017, 4:24 pm | ThinkMarkets

It has been a plain sailing so far for the Bitcoin trading. One thing which exchanges, and traders do need to keep in mind is that the current circuit breaker limit is too tight. More >>