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Latest Business Headlines [Page 2]

Beef + Lamb New Zealand confirms board positions

Wednesday, 24 May 2017, 4:27 pm | Beef And Lamb NZ

The Directors of Beef + Lamb New Zealand have re-elected Northland farmer James Parsons as the Chairman for another year. More >>

SSC to probe Ministry's treatment of whistleblowers

Wednesday, 24 May 2017, 4:21 pm | BusinessDesk

May 24 (BusinessDesk) - The State Services Commission will investigate claims public servants lost their jobs after raising concerns about the actions of fraudster Joanne Harrison at the Ministry of Transport. More >>

New Partner Development Manager and Partner Director

Wednesday, 24 May 2017, 4:14 pm | Modica Group

Phillip Linder and Hayley Fisher have joined Modica Group as Partner Development Manager and Partner Director respectively, and will focus on growing Modica internationally. More >>

Ruling on Criminal History Check May Affect All Regulators

Wednesday, 24 May 2017, 3:49 pm | Real Estate Agents Authority

A Court of Appeal decision that limits the scope of criminal history checks on real estate agents may have implications for all regulators, the real estate industry watchdog says. More >>

Cash to You Loans banned from lending

Wednesday, 24 May 2017, 3:39 pm | Commerce Commission

Napier loan company Cash to You Loans Limited has been banned indefinitely from operating as a lender, after charging borrowers unreasonable fees and excess interest and failing to correctly disclose fees charged. More >>

FMA licenses 201 firms under new securities law regime

Wednesday, 24 May 2017, 3:37 pm | BusinessDesk

May 24 (BusinessDesk) - The Financial markets Authority has issued 201 licenses to a variety of financial services firms in the two-and-a-half years of a new securities law regime. More >>

Aurora Energy outlines large-scale asset renewal programme

Wednesday, 24 May 2017, 3:27 pm | Aurora Energy

Aurora Energy is planning to spend more than $720 million in the Dunedin, Central Otago and Queenstown Lakes districts over the next decade. More >>

NZ goods exports hit an April record

Wednesday, 24 May 2017, 2:49 pm | BusinessDesk

May 24 (BusinessDesk) - New Zealand's merchandise exports rose to their highest ever for an April month as increased dairy prices boosted the value of the country's largest commodity for a seventh consecutive month. More >>

Mixed blessings for Contact Energy from low southern lakes

Wednesday, 24 May 2017, 2:35 pm | BusinessDesk

May 24 (BusinessDesk) - Low inflows of water into the South Island's hydro-electricity storage lakes are expected to knock Contact Energy's earnings in the second half of the current financial year but should boost prices for electricity to residential, ... More >>

Milk price great news, says DairyNZ

Wednesday, 24 May 2017, 2:32 pm | Dairy NZ

Today’s Fonterra milk price forecast of $6.50 for the 20117-18 season, coupled with the revised price of $6.15 for the current season, is great news for dairy farmers, says DairyNZ. More >>

Arvida, on expansion drive, more than doubles annual profit

Wednesday, 24 May 2017, 1:43 pm | BusinessDesk

May 24 (BusinessDesk) - Arvida Group, the retirement village company that listed in 2014, more than doubled annual profit as it expanded its offering and benefited from a buoyant property market. More >>

Pacific Edge annual loss widens, US push drives sales boost

Wednesday, 24 May 2017, 1:22 pm | BusinessDesk

May 24 (BusinessDesk) - Pacific Edge widened its annual loss as the cancer diagnostic company's focus on expanding its US footprint drove a 62 percent boost in sales. More >>

LIC Director Election Results

Wednesday, 24 May 2017, 1:12 pm | LIC

Dairy farmer-owned co-operative, LIC (NZX: LIC), announces the election of two Directors to its Board following the recent shareholder election in the South Island. More >>

AFT Pharmaceuticals reports FY17 loss

Wednesday, 24 May 2017, 12:58 pm | BusinessDesk

May 24 (BusinessDesk) - AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, reported a full-year loss in the year to March 31 but expects to significantly narrow those deficits this year and return to profitability in the 2018/19 period. More >>

Fonterra lifts forecast milk payments for 2017

Wednesday, 24 May 2017, 12:30 pm | BusinessDesk

May 24 (BusinessDesk) - Fonterra Cooperative Group lifted its forecast farmgate payout for this season, and raised its expectations for next season, as the world's largest exporter of dairy products benefits from rising prices. More >>

Bridgestone named New Zealand's Most Trusted Tyre Brand

Wednesday, 24 May 2017, 12:25 pm | Bridgestone

Bridgestone is the Most Trusted Tyre Brand in New Zealand according to an independent survey conducted by Roy Morgan Research. More >>

Tower first-half loss narrows as Canterbury quake bill rises

Wednesday, 24 May 2017, 12:25 pm | BusinessDesk

May 24 (BusinessDesk) - Tower narrowed its first-half loss as its underlying earnings improved, offsetting yet another unexpected increase in the cost of the Canterbury earthquakes six years ago. More >>

Endace Appoints New Head of HR

Wednesday, 24 May 2017, 12:21 pm | Endace

Auckland, New Zealand — May 27, 2017 — Endace, a world leader in high-speed network recording and network history playback, announced today that it has appointed Sasha Blair as the company’s new Vice President of HR and Administration. More >>

Buckley Systems’ magnetism attracts new C-Suite

Wednesday, 24 May 2017, 12:20 pm | Buckley Systems

Successful New Zealand manufacturer and global exporter of precision electro magnets, Buckley Systems, has appointed four C-Suite executives. More >>

Tegel Named Subway® Supplier Partner of the Year

Wednesday, 24 May 2017, 11:39 am | Tegel Foods

Leading poultry producer Tegel has been recognised by the Subway® Brand (Subway) and its’ procurement partner company IPC Asia Pacific as the ‘2017 Supplier Partner of the Year’ across Australia and New Zealand, at the company’s Supplier Awards. More >>

Fonterra forecast signals dairy industry revival

Wednesday, 24 May 2017, 11:38 am | Federated Farmers

The revival in fortunes of dairy farmers has been highlighted today by Fonterra’s announcement that they are increasing the milk price for the current season-lifting its payout from $6.00 to $6.15/kg milksolids for the year ending 30 May 2017. More >>

NZ dollar drifts from month-high as Trump unveils budget

Wednesday, 24 May 2017, 11:33 am | BusinessDesk

May 24 (BusinessDesk) - The New Zealand dollar drifted off a month-high as US President Donald Trump unveiled plans to cut government spending, easing some nerves about the White House's ability to press ahead with reforms, while domestically Fonterra ... More >>

Higher dairy, wood, and wine exports lift trade surplus

Wednesday, 24 May 2017, 11:17 am | Statistics New Zealand

More dairy, wood, and wine exports in April 2017 led to a goods trade surplus of $578 million, Stats NZ said today. More >>

HiFX Data Update - NZ April Trade Balance Release

Wednesday, 24 May 2017, 11:10 am | HiFX

The NZ Trade Balance for April has just been released. They came in better than expected (i.e. larger surplus): NZ Trade Balance: Trade Balance (Apr) $578 mio Surplus Consensus $310mio Surplus - Imports (Apr) $4.17bio - Exports (Apr) $4.75bio Trade ... More >>

While you were sleeping: Trump budget relief

Wednesday, 24 May 2017, 10:59 am | BusinessDesk

May 24 (BusinessDesk) - Wall Street moved higher amid initial relief about US Donald Trump’s budget plan. More >>

Regional hotel sales signal rising demand

Wednesday, 24 May 2017, 10:52 am | Colliers International

Demand for regional hotels is on the rise following a record number of hotel sales in New Zealand's main tourism markets. More >>

New Cin7 App Store

Wednesday, 24 May 2017, 10:45 am | Cin7

Users "click-and-connect" with 120+ eCommerce, retail, 3PL and other integrations More >>

Pacific Edge Limited Full Year Results to 31 March 2017

Wednesday, 24 May 2017, 10:40 am | Pacific Edge

Steady growth in sales and laboratory throughput; strong progress on targeted transformational customers • Total revenue up 33% to $9.5m, including a 62% increase in operating revenue up to $8.1m with growth coming from new and existing commercial customers ... More >>

Christchurch social enterprises gain from social sabbatical

Wednesday, 24 May 2017, 10:31 am | Akina Foundation

SAP’s Social Sabbatical for Regional Engagement programme kicked off Monday in Christchurch, with a launch event that brought together employees of SAP Australia and New Zealand, SAP’s implementing partner PYXERA Global, the participating social ... More >>

A380s all the way from AKL, CHC to Birmingham

Wednesday, 24 May 2017, 10:16 am | Emirates Airlines

• Emirates will be introducing a second daily A380 service between Dubai and Birmingham this year, beginning October 29, with New Zealand travellers then able to travel all the way in each direction on A380 aircraft. More >>

Guide Provides Insight Into Legal Status Of Online Gambling

Wednesday, 24 May 2017, 10:11 am | LegalOnlineGambling.co.nz

Online gambling professionals have launched a resource guide that helps individuals in New Zealand determine what is and is not legal, and how to access legally sanctioned, high quality online gambling destinations. More >>

Unisys Launches ActiveInsights™ PharmaTrack

Wednesday, 24 May 2017, 10:11 am | Unisys

Combining existing expertise in its Life Sciences & Healthcare and Travel & Transportation verticals, new software solution leverages leading-edge Unisys Stealth® security and predictive analytics to address drug theft and counterfeiting and enhance patient ... More >>

Crunch time for OPEC ahead of Thursday meeting

Wednesday, 24 May 2017, 10:06 am | ThinkMarkets

No rabbits are expected out of OPEC’s hat on Thursday, when OPEC is expected to announce the reduction of the supply gut. The joint efforts of the OPEC cartel with non-OPEC producers dating back to October 2016 initially resulted to a curb of nearly ... More >>

Licensing overview: what the FMA found

Wednesday, 24 May 2017, 9:40 am | Financial Markets Authority

Common issues, hints for new applicants and a guide to the Financial Markets Authority’s (FMA) future focus are included in a review of the regulator’s first two and a half years of licensing. More >>

Air New Zealand unveils new Palmerston North lounge

Wednesday, 24 May 2017, 9:29 am | Air New Zealand

Air New Zealand has today opened the doors to its new lounge at Palmerston North Airport. More >>

Fonterra Increases Farmgate Milk Price And Earnings Update

Wednesday, 24 May 2017, 9:05 am | Fonterra

Fonterra Co-operative Group today increased its 2016/17 forecast Farmgate Milk Price by 15 cents to $6.15 per kgMS. More >>

Tech crucial to NZ’s future – manifesto

Wednesday, 24 May 2017, 8:52 am | Make Lemonade

New Zealand’s leading tech organisations today released their manifesto of New Zealand’s Digital Future. More >>

National AI group launching next month

Wednesday, 24 May 2017, 8:48 am | Make Lemonade

Artificial Intelligence or AI is fast being used to make people more efficient and it will touch every element of New Zealanders’ lives from better healthcare and education to faster service and more personalised products, tech leader Stu Christie ... More >>

HiFX Morning Update, May 24 2017

Wednesday, 24 May 2017, 8:41 am | HiFX

The NZD continues to outperform, extending yesterday’s gains against all its main rivals, with the NZDUSD rate trading to a high of 0.7041. Investors remain in a cautious mood and will look to tomorrow’s Fed minutes for further hints about a US rate ... More >>

Pioneering high-productivity Super-Bs cut truck journeys

Tuesday, 23 May 2017, 9:24 pm | Truck and Driver Magazine

Two pioneering high productivity truck and trailer units that are longer and heavier than standard vehicles are dramatically reducing the number of truck journeys on their set route in Hawke’s Bay. And the success of the pair, each comprising a ... More >>

MARKET CLOSE: NZ stocks slip after Manchester concert attack

Tuesday, 23 May 2017, 9:16 pm | BusinessDesk

MARKET CLOSE: NZ stocks slip as Manchester concert attack drags on investor sentiment, Comvita drops More >>

NZ dollar climbs above 70 US cents

Tuesday, 23 May 2017, 9:15 pm | BusinessDesk

May 23 (BusinessDesk) - The New Zealand dollar rose above 70 US cents for the first time in about a month on expectations this week's budget will paint an upbeat picture of the domestic economy at a time political uncertainties have weighed on the greenback. More >>

Three fintech start-ups pitch for funds

Tuesday, 23 May 2017, 9:14 pm | BusinessDesk

May 23 (BusinessDesk) - Three of the financial technology start-ups in the Kiwibank Fintech Accelerator programme pitched their ideas to investors before the public demonstration day event in Wellington last week. More >>

Changes to Foreign Trust Disclosures in NZ

Tuesday, 23 May 2017, 5:27 pm | MSI Global Alliance

Late last year there was a media storm as a result of information uncovered in the release of the ‘Panama Papers’ from a Panamanian law firm. The release of this information brought into the spotlight the ability to use New Zealand’s trust regime ... More >>

Newmarket Business Awards Finalists Announced

Tuesday, 23 May 2017, 4:43 pm | Newmarket Business Association

Neighbourhood bars and cafes, designer retailers, fitness centres and beauty clinics are among the finalists announced today in the 2017 Newmarket Business Awards (NBA). More >>

Media Suite joins the All of Government Web Services Panel

Tuesday, 23 May 2017, 4:20 pm | Media Suite

As a proud new member of the Web Services Panel (WSP), we are looking forward to a faster, more affordable procurement process for our government agency clients. More >>

Smart personal Safety Device protecting lone workers

Tuesday, 23 May 2017, 4:09 pm | Groundwork

Recently there has been a change in legislation placing more emphasis on the protection of lone workers. In a lot of cases these workers have not been able to reach out for assistance when in trouble, leading to otherwise preventable injury or death. ... More >>

Accommodation for Ed Sheeran – you sorted?

Tuesday, 23 May 2017, 4:03 pm | Look After Me

Nationwide accommodation network, Look After Me has put their hand as an accommodation Partner for fans going to the New Zealand Ed Sheeran concerts. Director Dr Julia Charity who founded the company just ahead of the 2011 Rugby World Cup said they ... More >>

Briscoe's ASX listing won't derail cautious investment

Tuesday, 23 May 2017, 4:03 pm | BusinessDesk

May 23 (BusinessDesk) - Briscoe Group's cautious and methodical approach to making investments or acquisitions won't be cast aside with the retailer's plan to seek a secondary listing on the Australian Securities Exchange, says chair Rosanne Meo. More >>

Macquarie lifts F&P Healthcare price target by 7.3%

Tuesday, 23 May 2017, 3:35 pm | BusinessDesk

May 23 (BusinessDesk) - Macquarie Group lifted its 12-month target price on Fisher & Paykel Healthcare by 7.3 percent and kept its 'outperform' rating after the company's full-year revenue growth beat expectations and as a weaker New Zealand dollar weighs ... More >>

Rex Bionics shareholders agree to watered down stake

Tuesday, 23 May 2017, 3:25 pm | BusinessDesk

May 23 (BusinessDesk) - Rex Bionics investors have backed a deal that will see their investment diluted to little more than a third of the company in exchange for a A$10 million lifeline by Australian fund manager and fellow shareholder BioScience Managers. More >>

Coconut Oil Producer Achieves Certified Organic Status

Tuesday, 23 May 2017, 3:22 pm | Tanna Farms

Vanuatu’s leading Coconut Oil producer and exporter can proudly confirm its ‘in-conversion to organic’ status with the highly accredited organic certifier, BioGro New Zealand. Tanna Farms will be fully certified from July 4th, 2017. More >>

Designer Wardrobe completes $1.7m capital raising

Tuesday, 23 May 2017, 3:07 pm | One Plus One

Online buy, sell and rent fashion marketplace, Designer Wardrobe has successfully completed a $1.7m capital raise through private equity marketplace Snowball Effect. The raise received strong support from significant investors, including Stephen Tindall’s ... More >>

Serko shares climb to 6-month high as annual loss shrinks

Tuesday, 23 May 2017, 3:05 pm | BusinessDesk

May 23 (BusinessDesk) - Serko shares jumped to a six-month high after the online travel booking software firm said it boosted sales and scaled back spending, allowing it to almost halve its annual loss and affirm its target of making a profit in 2018. More >>

Apprenticeships more than just Trades

Tuesday, 23 May 2017, 3:05 pm | Careerforce

23 May 2017 Apprenticeships more than just Trades Young people and school leavers opting for an Apprenticeship over university study should consider a career in the health and wellbeing sector. “Apprenticeships are much more than just trades,” ... More >>

Commission’s alpaca case brings total fines to $1.5 million

Tuesday, 23 May 2017, 2:49 pm | Commerce Commission

A company and two individuals have been fined a total of nearly $194,000 for claiming that duvets were "pure alpaca wool" or "100% cashmere", when they contained little or no such fibres. More >>

Police attending 2017 Auckland Careers Expo

Tuesday, 23 May 2017, 2:41 pm | New Zealand Police

NZ Police will be at the Auckland Careers Expo 2017 this week, and invite anyone who has an interest in joining to come along and talk to our staff to find out more about the job. More >>

Wellington Welcomes Fieldays in its 49th Year

Tuesday, 23 May 2017, 2:28 pm | Federated Farmers

With the countdown to the 49th Agricultural Fieldays at Mystery Creek fast approaching, Federated Farmer’s is proud to host Fieldays comes to Wellington, a celebration of what Fieldays means for Kiwis and how it contributes to and influences both the ... More >>

Politicians urged to consider public safety ahead of vote

Tuesday, 23 May 2017, 1:54 pm | Blue Bubble Alliance

Ahead of the Land Transport Amendment Bill being considered by Parliament this evening, Blue Bubble urges politicians to consider public and driver safety when it votes on watered down safety provisions. “While the taxi industry welcomes change, now ... More >>

Are stock markets worried about US politics?

Tuesday, 23 May 2017, 1:33 pm | CMC Markets

The next few days should reveal whether equity markets are going to carry any risk premium for the uncertainty about the US politics that was worrying traders last week. The relief rally in the US S&P 500 has seen it recover to within 0.5% of ... More >>