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Latest Business Headlines [Page 2]

ERoad says annual loss widened in 2017

Monday, 24 April 2017, 8:52 pm | BusinessDesk

April 24 (BusinessDesk) - ERoad says its annual loss widened in the 2017 financial year as a boost to investment in the US and changes to the way it amortises development costs weighed on the bottom line, even as sales continued to grow. More >>

NZ dollar rises against greenback on global relief

Monday, 24 April 2017, 8:51 pm | BusinessDesk

NZ dollar rises against greenback on global relief over first French vote, falls vs euro More >>

Chorus joins ASX 200 - now with 8 NZX-listed Kiwi firms

Monday, 24 April 2017, 5:10 pm | BusinessDesk

Chorus joins ASX 200, bringing to 8 the number of NZX-listed Kiwi firms in Aussie benchmark More >>

Brownlee takes Foreign Minister post in Cabinet reshuffle

Monday, 24 April 2017, 4:31 pm | BusinessDesk

April 24 (BusinessDesk) - Gerry Brownlee is to be the new Minister of Foreign Affairs, replacing Murray McCully, while Education Minister Hekia Parata will be replaced, as expected, by her current associate minister, Nikki Kaye. More >>

Environmental groups weigh action over 'flawed' hearing

Monday, 24 April 2017, 3:23 pm | BusinessDesk

April 24 (BusinessDesk) - Environmental groups Kiwis Against Seabed Mining and Greenpeace may apply for a judicial review of Trans Tasman Resources' bid to mine iron sands from the ocean floor in New Zealand's Exclusive Economic Zone, arguing the process ... More >>

Strong presence at World Expo 2020 vital, says FGC

Monday, 24 April 2017, 3:20 pm | Food and Grocery Council

Having a strong presence at World Expo 2020 in Dubai is a vital part of New Zealand’s strategy to diversify and to strengthen other growing markets for food products and services, says NZ Food and Grocery Council Chief Executive Katherine Rich. More >>

Zespri forecasts record profit from Gold3 licence revenue

Monday, 24 April 2017, 3:12 pm | BusinessDesk

April 24 (BusinessDesk) - Zespri International, the country's kiwifruit export marketing body, expects to post a record profit this year due to increased revenue from the allocation of licences to grow the Gold3 variety. More >>

Door-to-door farm visits welcomed as floodwaters recede

Monday, 24 April 2017, 2:49 pm | Ministry For Primary Industries

Teams from the local Rural Support Trust and Red Cross have been documenting destroyed pastures, damaged homes and inundated orchards, as they carry out assessment visits to flood-affected farms and orchards in the Bay of Plenty. More >>

Canterbury's leading agritech companies showcase solutions

Monday, 24 April 2017, 2:44 pm | Lincoln Hub

Canterbury's leading agritech companies, who contribute to the country's $3 billion agtech sector, will be showcasing their solutions to increase productivity and profitability in agriculture, at a TechWeek event on 10 May 2017. More >>

Final Issue of NZ Musician

Monday, 24 April 2017, 2:09 pm | NZ Musician

After 29 years and 172 issues the publishers of NZ Musician have announced that the April/May 2017 issue will be the magazine’s final regular publication. More >>

Three companies approved for linewide CRL systems tender

Monday, 24 April 2017, 1:48 pm | Auckland Transport

24 April 2017 Three companies approved for linewide CRL systems tender Three companies have been shortlisted to tender for linewide systems integration, testing and commissioning for the City Rail Link. There were eight international expressions of interest for ... More >>

NZ log volumes hurt by recent stormy weather

Monday, 24 April 2017, 1:11 pm | BusinessDesk

April 24 (BusinessDesk) - New Zealand log supply will likely be curbed by recent stormy weather, as cyclones dented local production and disrupted sea freight. More >>

Gentrack buys controlling stakes in airport software firms

Monday, 24 April 2017, 12:58 pm | BusinessDesk

April 24 (BusinessDesk) - Gentrack Group wants to double earnings from its airport software business by 2019 after buying controlling stakes in two European companies for some $19.8 million. More >>

Three Wins Sat Night, Announces Married at First Sight NZ

Monday, 24 April 2017, 12:31 pm | Mediaworks

Three won the night on Saturday in the key 25-54 demographic as well as 18-49 with family movie We Bought a Zoo winning its timeslot. The Graham Norton Show also won its timeslot on Friday night in both 25-54 and Household Shoppers with Kids and Sunday ... More >>

Dusting of snow signals winter on its way

Monday, 24 April 2017, 12:30 pm | Mt Ruapehu

MT RUAPEHU 24 April 2017: A recent dusting of snow on Mt Ruapehu has signalled winter is on its way, and 2017 is set to be a bumper ski season with new snowmakers opening the ski fields a month earlier than usual in early June. More >>

The Engine fires up in Auckland with free business training

Monday, 24 April 2017, 12:26 pm | The Engine

The Engine fires up in Auckland with free business training for start-ups and SMEs More >>

Volunteer Service Abroad CEO resigns

Monday, 24 April 2017, 12:10 pm | Volunteer Service Abroad

Volunteer Service Abroad (VSA) today announced the resignation of Dr Gill Greer as chief executive officer of VSA, effective 4 August, 2017. More >>

Markets cheer French election

Monday, 24 April 2017, 12:07 pm | CMC Markets

Global share futures markets are surging and the Euro jumped at this morning’s opening as traders take the first opportunity to position after the French election result. While the increased popularity of the centrist candidate is not a strong ... More >>

Auckland gains business success during World Masters Games

Monday, 24 April 2017, 12:05 pm | ATEED

With nearly 25,000 athletes from 100 countries here for the World Masters Games 2017, Auckland’s economic growth agency is presenting business and investment opportunities to interested international visitors. More >>

NZ dollar drops vs euro on optimism Macron will prevail

Monday, 24 April 2017, 11:51 am | BusinessDesk

April 24 (BusinessDesk) - The New Zealand dollar declined against the euro after French centrist politician Emmanuel Macron and the far-right Marine Le Pen made it through the first round of the presidential election, with optimism Macron will garner ... More >>

Bumper Cruise Season for New Zealand 2016-17

Monday, 24 April 2017, 11:46 am | Cruise New Zealand

Bumper Cruise Season for New Zealand 2016-17 The last ship of the 2016-17 cruise season will sail out of the Bay of Islands tomorrow (Anzac Day), marking the end of another very busy summer. The Sirena is the last of 41 ships from 22 cruise lines ... More >>

World Week Ahead: US tax reform, corporate earnings

Monday, 24 April 2017, 11:20 am | BusinessDesk

April 24 (BusinessDesk) - A slew of US corporate earnings including those of Alphabet and Amazon, US President Donald Trump’s “big announcement” on tax reform, as well as central bank meetings in the eurozone and Japan will form a key focus this ... More >>

New livestock finance facility offers flexibility

Monday, 24 April 2017, 11:16 am | Carrfields

April 23 2017 – A new seasonal livestock finance facility is aiming to address a gap in the market for low cost and flexible borrowing. Carrfields Stockline, which has just been launched nationwide, was set up in response to a need among farmers ... More >>

TSB Bank wins Consumer NZ’s People’s Choice Award

Monday, 24 April 2017, 10:57 am | TSB Bank

TSB Bank has won the Consumer NZ People’s Choice award for Banking for the second year in a row. More >>

Finalists Prepare for Last Round of Judging

Monday, 24 April 2017, 10:48 am | NZ Dairy Industry Awards

This weekend marks the culmination of months of planning and preparation for the 22 finalists in the Share Farmer and Dairy Manager of the Year competitions, as finals judging gets underway for the 2017 New Zealand Dairy Industry Awards. More >>

Why does the CTU think one shoe fits all?

Monday, 24 April 2017, 10:25 am | Small Business Voice

Yesterday, the CTU publicly called for a return to centralised wage bargaining. Max Whitehead, CEO of Small Business Voice, says they have made their motivation for pushing for pay equity clear: The CTU thinks one shoe fits all employees (press ... More >>

NZ-owned banks take out Consumer NZ People’s Choice awards

Monday, 24 April 2017, 9:14 am | Consumer NZ

Consumer NZ has given TSB Bank, The Co-operative Bank and Kiwibank 2017 People’s Choice awards for banking. More >>

HiFX Morning Update April 24 2017

Monday, 24 April 2017, 9:05 am | HiFX

This morning French voters delivered the result the markets were hoping for with independent centrist Emmanuel Macron and far-right Europhobe Marine Le Pen advancing to the next round of voting on the 7th May. Marcon won 23.7% of the vote with Le ... More >>

Union charges NZ Post with “serious misconduct”

Sunday, 23 April 2017, 7:16 pm | Postal Workers Union of Aotearoa

Union charges NZ Post with “serious misconduct” over mail delays The latest report of standard letters taking up to 2 weeks to be delivered across the country has led the Postal Workers Union to charge NZ Post with serious misconduct. This is the same ... More >>

NZ light years ahead of UK and US exercise facilities

Sunday, 23 April 2017, 7:08 pm | Make Lemonade

NZ light years ahead of UK and US exercise facilities April 23, 2017 New Zealand exercise facilities score significantly higher than United Kingdom and United States operators when it comes to customers recommending the business and this has been ... More >>

Emirates Recruiting Pilots in New Zealand

Sunday, 23 April 2017, 6:44 pm | Emirates Airlines

Emirates Recruiting Pilots in New Zealand • Emirates is searching for experienced and technically proficient commercial pilots • Pilot Roadshows to be held in Auckland 28 April and Christchurch 30 April Emirates, recognised this month as the Best Airline ... More >>

MARKET CLOSE: NZ shares join Asia rally

Saturday, 22 April 2017, 1:18 pm | BusinessDesk

April 21 (BusinessDesk) - New Zealand shares joined a rally across Asia as stock markets took their lead from Wall Street on a day when firms posted better-than-expected earnings. Dual-listed stocks Australia & New Zealand Banking Group and Trade ... More >>

NZ dollar unwinds some gains against Aussie

Saturday, 22 April 2017, 1:16 pm | BusinessDesk

April 21 (BusinessDesk) - The New Zealand dollar unwound yesterday's gains against the Australian dollar but still ended the week higher, despite improving iron ore prices giving the Aussie a boost. More >>

Wellington Drive first-quarter sales climb 30%

Friday, 21 April 2017, 7:42 pm | BusinessDesk

April 21 (BusinessDesk) - Wellington Drive Technologies, which makes energy efficient motors and control systems for commercial refrigerators, lifted first-quarter sales 30 percent as the company's focus on Latin America continues to underpin its long ... More >>

Goldsmith, Seymour eye more robust regulatory analysis

Friday, 21 April 2017, 7:41 pm | BusinessDesk

April 21 (BusinessDesk) - Regulatory Reform Minister Paul Goldsmith and his under-secretary David Seymour want government officials to provide more robust regulatory analysis under a tighter framework to avoid poor advice typically undermined by seeking a ... More >>

UPDATE: NPT shareholders reject property deal

Friday, 21 April 2017, 7:40 pm | BusinessDesk

April 21 (BusinessDesk) - NPT shareholders voted against a property deal between Kiwi Property Group and NPT and voted in favour of board changes. More >>

NPT shareholders reject property deal and spill board

Friday, 21 April 2017, 7:39 pm | BusinessDesk

April 21 (BusinessDesk) - NPT shareholders voted against a property deal between Kiwi Property Group and NPT and voted in favour of board changes. More >>

New Bayhill Development Set to Revitalise Timaru

Friday, 21 April 2017, 4:44 pm | Bayhill Developments Ltd

Confirmation of resource consent for the demolition of the Hydro Grand and development of mixed use complex, the ‘Bayhill’ at 10 Bay Hill, Timaru. More >>

Consumer confidence eases in April, remains above average

Friday, 21 April 2017, 4:27 pm | BusinessDesk

April 21 (BusinessDesk) - New Zealand consumer confidence eased in April, weighed by a slowdown in the property market and growing expectations that interest rates will rise. More >>

Kiwi Environmental Innovation Attracts Chinese Investors

Friday, 21 April 2017, 4:22 pm | China Chamber of Commerce in NZ

Some of New Zealand and China’s most innovative companies met today to discuss opportunities for investment and expansion. The China - New Zealand Environmental Technology Investment and Cooperation Summit was hosted in Auckland by the China ... More >>

Better regulation endorsed

Friday, 21 April 2017, 4:13 pm | BusinessNZ

BusinessNZ Chief Executive Kirk Hope said the Government’s new Regulatory Management Strategy should help address some red tape issues for business. More >>

Invest South takes stake in Bison Group

Friday, 21 April 2017, 4:09 pm | BusinessDesk

April 21 (BusinessDesk) - Funds from private-equity fund Invest South and other investors will provide a capital base for continued growth as Dunedin-based BISON Group looks to expand its international footprint, the company's chief executive said. More >>

Open Country delivers record profit

Friday, 21 April 2017, 3:55 pm | BusinessDesk

April 21 (BusinessDesk) - Open Country Dairy, New Zealand's second-largest milk processor, posted a record profit last year as it sold more high-value products and strengthened its balance sheet. More >>

New competition brought by motorway welcomed

Friday, 21 April 2017, 3:41 pm | GymSpot Warkworth

Since the announcement of the Northern motorway extension from Puhoi to Te Hana, development of commercial and residential property in Warkworth has been steady. Outlined in Auckland councils 10 year plan, the Warkworth region is earmarked as ... More >>

Restaurant Brands staff to go on first strike in a decade

Friday, 21 April 2017, 3:19 pm | BusinessDesk

April 21 (BusinessDesk) - Half of Restaurant Brands New Zealand's 4,000-strong workforce is set to walk off the job tomorrow after negotiations for a new collective agreement broke down. More >>

Celebrating beginning of construction

Friday, 21 April 2017, 3:03 pm | Wildbase Recovery

Palmerston North based Kynoch Construction Limited has today been awarded the tender for building the Central Energy Trust Wildbase Recovery facility. More >>

Trucking industry combines forces to find 1,000 more drivers

Friday, 21 April 2017, 2:58 pm | Wright Communications

Trucking industry combines forces to find 1,000 more drivers The trucking industry and the Government’s Sector Workforce Engagement Programme (SWEP) have joined forces to get as many as 1,000 more drivers into the road freight transport industry nationwide. ... More >>

NZ Super Fund writes off investment in Ogin

Friday, 21 April 2017, 2:44 pm | BusinessDesk

April 21 (BusinessDesk) - The New Zealand Superannuation Fund has completely written off the value of its investment in US wind turbine company Ogin which is in the process of being wound down. More >>

University of Canterbury flies high in new partnership

Friday, 21 April 2017, 2:16 pm | University of Canterbury

Asia’s largest airline has joined the University of Canterbury (UC) in a new partnership which will benefit Tekapo and the Mackenzie District. More >>

More native forest can help firms manage emissions

Friday, 21 April 2017, 1:37 pm | Motu Economic and Public Policy Research

Companies with high greenhouse gas emissions face the risk of high costs in a carbon market where prices could soar as high as US$190 per unit. Researchers at Motu Economic and Public Policy Research have today released a report showing an environmentally ... More >>

Hamilton labour candidate helps local company help veterans

Friday, 21 April 2017, 1:31 pm | Wash Rite

Hamilton based Wash Rite Limited has been offering free house washes and roof washing to ex serviceman and servicewomen for the past two year’s. On a recent free moss and mould removal job for an ex naval serviceman Wash Rite was accompanied by Hamilton ... More >>

Farmers hold back wool from auction

Friday, 21 April 2017, 1:24 pm | BusinessDesk

April 21 (BusinessDesk) - Less wool than forecast was offered at New Zealand's weekly auction as farmers held back bales from sale in anticipation prices may lift in the future. More >>

TPP minus US starting to gain ground

Friday, 21 April 2017, 12:27 pm | BusinessDesk

April 21 (BusinessDesk) - The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after ... More >>

Three new directors appointed to Auckland Transport board

Friday, 21 April 2017, 12:21 pm | Auckland Transport

21 April 2017 Three new directors appointed to Auckland Transport board Former Finance Minister Sir Michael Cullen, Mary-Jane Daly and Kylie Clegg have been appointed to the board of the Auckland Council-controlled organisation Auckland Transport (AT). ... More >>

Local TV content steady

Friday, 21 April 2017, 12:07 pm | NZ On Air

New Zealanders enjoyed slightly more new local television content last year but less local content in prime time. More >>

Provoke Takes Home Two at the 2017 Microsoft Partner Awards

Friday, 21 April 2017, 11:51 am | Provoke Solutions Ltd

Provoke’s Infrastructure Team Lead Nick Westbrook took home a big win at the 2017 Microsoft New Zealand Awards with a gong for Sales Solution Specialist of The Year. This year marked the tenth anniversary of the Microsoft New Zealand awards, a fact ... More >>

NZ dollar unwinds inflation jump

Friday, 21 April 2017, 11:46 am | BusinessDesk

April 21 (BusinessDesk) - The New Zealand dollar unwound most of yesterday's gain from faster-than-expected inflation as Dallas Federal Reserve president Robert Kaplan affirmed his view that the world's biggest central bank will lift rates another two ... More >>

Clear support among public for tourism

Friday, 21 April 2017, 11:41 am | Tourism Industry Aotearoa

The public is right behind the tourism industry with almost all New Zealanders agreeing that international tourism is good for the country, as shown by the latest research from Tourism New Zealand and Tourism Industry Aotearoa. More >>

New Record Median Price as Volumes Steady

Friday, 21 April 2017, 11:10 am | Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (“REINZ”) shows there were 124 fewer lifestyle property sales (-5.8%) for the three months ended March 2017 than for the three months ended March 2016. Overall, there were 2,011 lifestyle ... More >>

Good Autumn Conditions Benefit Rural Real Estate Market

Friday, 21 April 2017, 11:07 am | Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (“REINZ”) shows there were 55 more farm sales (+14.4%) for the three months ended March 2017 than for the three months ended March 2016. Overall, there were 438 farm sales in the three months ... More >>


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