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Latest Business Headlines [Page 2]

Market cleanliness summer scholarship study published

Thursday, 24 May 2018, 2:07 pm | Financial Markets Authority

The Financial Markets Authority (FMA) and NZX Regulation (NZXR) today published a study carried out by Victoria University student Anna Hensen, ‘ New Zealand Equity Market Cleanliness for the years 2010-2016 ’. More >>

On Emirates, Favourite Boaards Can Go To Bali Too

Thursday, 24 May 2018, 2:05 pm | Emirates Airlines

Surfboards will go free, provided they meet certain measurements, when Emirates starts flying between Auckland and Bali next month. More >>

Stuff takes 100% ownership of Stuff Fibre

Thursday, 24 May 2018, 1:52 pm | Stuff

Stuff Limited (Stuff) confirmed today it has bought 100% of internet service provider, Stuff Fibre (NZ Fibre Communications Limited). More >>

Winners at the NZ Facilities Management Awards

Thursday, 24 May 2018, 1:40 pm | Facilities Management Association of New Zealand

At a Gala Awards Dinner held last night at the ANZ Viaduct Events Centre in Auckland, the Facilities Management Association of New Zealand (FMANZ) paid tribute to two of its members who have excelled in their profession. More >>

Updated statement from EVENT Cinemas

Thursday, 24 May 2018, 1:33 pm | Event Cinemas

There was no industrial action at the majority of EVENT Cinemas’ 17 locations across New Zealand last night. There were 15 staff across all sites that left work to go on strike at 10pm to coincide with the Midnight Screening of Hans Solo: A Star ... More >>

Letter to life insurers by the FMA and Reserve Bank

Thursday, 24 May 2018, 1:31 pm | Financial Markets Authority

Letter sent to life insurers by the FMA and Reserve Bank of New Zealand The FMA and the RBNZ have sent the letter below to the chief executives of New Zealand’s licensed life insurers More >>

Metro Performance Glass full-year profit falls 16%

Thursday, 24 May 2018, 12:53 pm | BusinessDesk

May 24 (BusinessDesk) - Metro Performance Glass said its full-year profit fell 16 percent because of softer growth in New Zealand and capital programme disruptions in Australia. More >>

NZ Super Fund on track to hire new CEO in June

Thursday, 24 May 2018, 12:42 pm | BusinessDesk

May 24 (BusinessDesk) - The Guardians of New Zealand Superannuation are on track to appoint a new chief executive next month, as the board lobbies to keep control of setting the top manager's pay packet. More >>

New Router Malware with Destructive Capabilities

Thursday, 24 May 2018, 12:41 pm | Botica

A new threat which targets a range of routers and NAS devices is capable of knocking out infected devices by rendering them unusable. The malware, known as VPNFilter, is unlike most other IoT threats because it is capable of maintaining a persistent ... More >>

Provision of distance veterinary services

Thursday, 24 May 2018, 12:36 pm | NZVA

Following media reports stating that a veterinary practice was advising a Winton farm some 1600 kilometers away, the New Zealand Veterinary Association (NZVA) has released a statement setting out the rules in relation to the provision of distance ... More >>

Westpac NZ replaces a third of its fleet with electric cars

Thursday, 24 May 2018, 12:02 pm | Westpac New Zealand

Westpac has welcomed the arrival of 65 new electric and plug-in hybrid cars as it gears up to meet a target of almost 100 electric cars by 2019. More >>

NZ dollar gains as Fed minutes point to 3 hikes

Thursday, 24 May 2018, 11:56 am | BusinessDesk

May 24 (BusinessDesk) - The New Zealand dollar rose against the greenback and the euro after the Federal Reserve minutes pointed to no more than three rate hikes this year while European manufacturing and services data weakened. More >>

Massive boost for Vodafone Warriors partnership

Thursday, 24 May 2018, 11:01 am | Vodafone

Vodafone today announced New Zealand’s longest professional naming rights partnership will be extended for another term. More >>

Treasuries rally as Fed’s in no rush

Thursday, 24 May 2018, 10:59 am | BusinessDesk

May 24 (BusinessDesk) - US Treasuries climbed while Wall Street was mixed, giving up some of its earlier declines, as Federal Reserve policy makers signalled the pace of interest rate hikes is unlikely to accelerate soon. More >>

Kiwifruit monthly exports soar to new high

Thursday, 24 May 2018, 10:58 am | Statistics New Zealand

Kiwifruit exports rose $197 million (82 percent) in April 2018 compared with April 2017, to reach $438 million, Stats NZ said today. This is a new high for any month. More >>

New Zealand Cruise Association announces 2018 Conference

Thursday, 24 May 2018, 10:46 am | NZ Cruise Association

Registrations are now open for the New Zealand Cruise Association’s 2018 Conference, to be held in Blenheim from 23 – 24 August. More >>

IWC Trophy for best wine in the Wairarapa!

Thursday, 24 May 2018, 10:35 am | Matahiwi Estate

The IWC Trophy’s for 2018 have been announced and our Holly Pinot Noir 2016 has been awarded the trophy for best wine in our region, Wairarapa! Winemaker Miles Dinneen says “We are so pleased with the result and knew that this was a special wine from ... More >>

Retail market steady in first quarter - Retail NZ report

Thursday, 24 May 2018, 10:08 am | Retail NZ

The latest Retail NZ Retail Radar report shows that the retail market was largely steady in the quarter ended 31 March. More >>

Paymark congratulates Fintech Innovation Challenge finalists

Thursday, 24 May 2018, 9:53 am | Paymark

Paymark extends its congratulations to the finalists in the 2018 Fintech Innovation Challenge, and is delighted by the calibre of the award entries. More >>

Tim Melville announced as President of NZIA

Thursday, 24 May 2018, 9:51 am | New Zealand Institute of Architects

Auckland architect Tim Melville has taken up the role of President of the New Zealand Institute of Architects and will serve a two-year term of office until May 2020. More >>

Millennials’ confidence in business takes sharp downturn

Thursday, 24 May 2018, 9:06 am | Deloitte

Annual Deloitte survey finds millennials are calling for business leaders to more positively impact the broader world More >>

New Zealand start up signs USD $40 million deal

Thursday, 24 May 2018, 8:44 am | Senate SHJ

New Zealand start up signs USD $40 million deal with U.S. Oil and Gas Company More >>

Rise of the Machines

Thursday, 24 May 2018, 8:41 am | Business NZ

The fifth Annual Energy Issues map for New Zealand shows an energy sector grappling with the risks and opportunities of digitalisation, decarbonisation and decentralisation (the ‘3Ds’). More >>

HiFX Morning Update, May 24 2018

Thursday, 24 May 2018, 8:24 am | HiFX

The NZDUSD opens at 0.6919 (mid-rate) this morning. Renewed risk-off sentiment hit markets yesterday afternoon after Donald Trump tweeted that he was not happy with the China trade negotiations so far, despite China reducing import tariffs on autos, ... More >>

Gull offers 12 cents off per litre all fuel

Thursday, 24 May 2018, 8:17 am | Gull Petroleum

Gull offers cure for pump shock prices with 12 cents off per litre all fuel More >>

Insuring Investment Property: Report highlights wide choice

Wednesday, 23 May 2018, 8:51 pm | MoneyHub

Insuring Investment Property: New Report into Landlord Insurance highlights a wide choice for residential property investors More >>

MARKET CLOSE: NZ shares drop on Fonterra, A2 weakness

Wednesday, 23 May 2018, 8:32 pm | BusinessDesk

MARKET CLOSE: NZ shares drop on Fonterra, A2 weakness; Steel & Tube drops 18% on 2018 loss More >>

NZ dollar falls ahead of Fed minutes

Wednesday, 23 May 2018, 8:28 pm | BusinessDesk

May 23 (BusinessDesk) - The New Zealand dollar fell against the US dollar ahead of minutes from the last US Federal Reserve policy meeting and after US President Donald Trump hinted at further tax cuts. More >>

Sanford lifts first-half profit 43%

Wednesday, 23 May 2018, 7:31 pm | BusinessDesk

May 23 (BusinessDesk) - Sanford, New Zealand's largest listed seafood company, lifted first-half profit 43 percent as it continued to focus on higher value items such as fish fillets rather than frozen commodity products. More >>

Want office space where you can light fires

Wednesday, 23 May 2018, 7:30 pm | BusinessDesk

May 23 (BusinessDesk) - Level Two, the science and hardware coworking space that spawned RocketLab and LanzaTech, is planning a $500,000 expansion to enable more companies to move in. More >>

New Reserve Bank dashboard to shed light on banks' liquidity

Wednesday, 23 May 2018, 4:55 pm | BusinessDesk

May 23 (BusinessDesk) - Until now, getting a clear picture of how the country's banks stack up against each other could be a tortuous process, involving trawling through various bank sites, or a large and relatively incomprehensible spreadsheet on the ... More >>

Argosy says time to sell with market near peak

Wednesday, 23 May 2018, 4:28 pm | BusinessDesk

Argosy says time to sell with market near peak as FY earnings edge higher on flat rents More >>

Star Wars Film to face strike action tonight at Event Cinema

Wednesday, 23 May 2018, 4:12 pm | Unite Union

Tonight, Unite Union advises Star Wars fan to go elsewhere instead of Event cinemas for the midnight premiere of Han Solo. More >>

Big increase in organisations showcasing diversity

Wednesday, 23 May 2018, 4:02 pm | Diversityworks

The number of entries to the Diversity Awards NZ™ has increased by 75 per cent this year, with organisations across New Zealand showcasing more than 90 initiatives designed to increase diversity and inclusion in our workplaces. “The Diversity ... More >>

Sanford Reports Strong First Half Result

Wednesday, 23 May 2018, 3:59 pm | Sanford Limited

Sanford Limited (NZX: SAN) has today posted a 14.2% increase in adjusted EBIT* to $35.4m for the half year to 31 March, 2018. More >>

Facebook and Te Puia unveil new AR filter at Techweek

Wednesday, 23 May 2018, 3:41 pm | Te Puia

Jaws have literally dropped during Techweek this week > as the world’s first Māori-themed augmented reality (AR) face filter goes live. More >>

Steel & Tube expects 2019 profit following downgrade

Wednesday, 23 May 2018, 3:32 pm | BusinessDesk

May 23 (BusinessDesk) - Steel & Tube Holdings says investors can expect a return to profitability in 2019, following a significant downgrade which has seen the stock shed up to a quarter of its value. More >>

NZ log exports hit new monthly record in March

Wednesday, 23 May 2018, 3:31 pm | BusinessDesk

May 23 (BusinessDesk) - New Zealand exported a record volume of softwood logs in March, as shipments to most major markets increased, with further strength forecast through the rest of the year, according to AgriHQ, NZX's agricultural analysis business. More >>

FQC produces guidelines for bulk fertiliser storage

Wednesday, 23 May 2018, 3:07 pm | Fertiliser Quality Council

The Fertiliser Quality Council (FQC) has produced a set of storage and handling guidelines for manufacturers and distributors who deal with bulk fertiliser. More >>

Discussion not in breach of broadcasting standards

Wednesday, 23 May 2018, 3:05 pm | Broadcasting Standards Authority

Discussion about the use of te reo in broadcasting not in breach of broadcasting standards More >>

Regulator’s focus on minimum employment entitlements

Wednesday, 23 May 2018, 2:58 pm | Minter Ellison Rudd Watts

Regulator’s focus on minimum employment entitlements continues Smiths City Group Limited (Smiths City) is the latest in a string of businesses to come under fire for failing to provide employees with minimum statutory entitlements. This trend, ... More >>

Business sector upbeat about NZ-EU trade talks

Wednesday, 23 May 2018, 2:54 pm | BusinessDesk

May 23 (BusinessDesk) - News that trade negotiations will begin between New Zealand and the European Union, the country's third-largest trading partner, has been well received by local business chiefs. More >>

Australians buzzing about New Zealand honey

Wednesday, 23 May 2018, 2:51 pm | Manuka Health NZ

Wednesday 23rd May Australians buzzing about New Zealand honey as Manuka Health wins most ‘Trusted Honey Brand’ across the Tasman More >>

“Chocks away” on EU-NZ FTA

Wednesday, 23 May 2018, 2:46 pm | NZ Europe Business Council

A Free Trade Agreement (FTA) with the European Union (EU) could boost exports by up to $NZ2 billion a year and save New Zealand hundreds of millions of dollars a year. More >>

Zespri annual profit rises 38%, lifts grower payment

Wednesday, 23 May 2018, 2:18 pm | BusinessDesk

May 23 (BusinessDesk) - Zespri Group reported a 38 percent lift in full-year profit and tripled its dividend after revenue growth was driven by the release of 400 hectares of licences for the profitable SunGold variety in 2017. More >>

Fonterra lifts milk price forecasts

Wednesday, 23 May 2018, 2:17 pm | BusinessDesk

May 23 (BusinessDesk) - Fonterra Cooperative Group raised its forecast farmgate milk price for the 2018 and 2019 seasons while cutting its projected dividends for 2018, saying rising global dairy prices are squeezing margins. More >>

DCANZ Looks Forward to High Quality EU Trade Deal

Wednesday, 23 May 2018, 1:48 pm | Dairy Companies Association of New Zealand

The Dairy Companies Association of New Zealand welcomes the European Union’s decision move forward with negotiating a free trade deal with New Zealand. More >>

SLI Systems delays start for self-service model

Wednesday, 23 May 2018, 1:45 pm | BusinessDesk

May 23 (BusinessDesk) - SLI Systems has delayed the start of a cheaper self-service model, although the e-commerce software developer’s cost-cutting measures to prepare for that strategy is likely to ensure it achieves a profit this year. More >>

Wellington Airport’s terminal south extension project wins

Wednesday, 23 May 2018, 1:41 pm | Wellington Airport Limited

Wellington Airport’s terminal south extension project was awarded tourism and leisure category winner and a gold award at an New Zealand Commercial Project award ceremony held this week. More >>

Govt should regulate property managers, says REINZ

Wednesday, 23 May 2018, 1:24 pm | REINZ

As submissions close today on the proposed ban on letting fees, the Real Estate Institute of New Zealand (REINZ) believes that if the Government really wants to help renters, it should regulate the property management industry rather than focus on banning ... More >>

Wendy's impose cut in rostered hours for union members

Wednesday, 23 May 2018, 1:21 pm | Unite Union

Fast food company Wendy's has imposed a cut of up to 20% in the usual rostered hours for Unite Union members. More >>

Serko posts maiden profit in 2018, forecasts sales growth

Wednesday, 23 May 2018, 1:10 pm | BusinessDesk

Serko posts maiden profit in 2018, forecasts 2019 sales growth as Europe expansion costs rise By Sophie Boot More >>

Steel & Tube shares plunge 24% after company flags loss

Wednesday, 23 May 2018, 1:09 pm | BusinessDesk

May 23 (BusinessDesk) - Steel & Tube Holdings expects to post a loss this financial year and breach its banking covenants after a restructuring that will see it exit its plastics business and write down the value of its assets. More >>

New $100 Million-Plus Industrial Fund

Wednesday, 23 May 2018, 1:07 pm | Bayleys

A new property fund managed by Augusta Funds Management Ltd has been established to invest solely in industrial property, with an initial portfolio of four properties with a valuation of approximately $118 million. More >>

6 potential uses of blockchain in HR and recruitment

Wednesday, 23 May 2018, 12:40 pm | Hays Recruitment

Verifying candidate credentials, referencing and work contracts are just three areas of HR and recruitment that blockchain technology will impact, says recruiting experts Hays. More >>

AFT sees breakeven in FY19 after narrowing annual loss

Wednesday, 23 May 2018, 12:37 pm | BusinessDesk

May 23 (BusinessDesk) - AFT Pharmaceuticals narrowed its 2018 loss and expects to break even in the 2019 financial year as it dials back spending on research and development and lifts sales. More >>

Fonterra raises 2018, 2019 milk price forecasts

Wednesday, 23 May 2018, 12:21 pm | BusinessDesk

May 23 (BusinessDesk) - Fonterra Cooperative Group raised its forecast farmgate milk price for the 2018 and 2019 seasons while cutting its projected dividends for 2018, saying rising global dairy prices are squeezing margins. More >>

Dollar dips as doubts over North Korean summit saps optimism

Wednesday, 23 May 2018, 11:33 am | BusinessDesk

May 23 (BusinessDesk) - The New Zealand dollar fell as doubts about whether US President Donald Trump will meet his North Korean counterpart Kim Jong-Un eroded earlier optimism over a thawing trade relationship between China and the US. More >>

NZ Apple Industry Leads the World Four Years Running

Wednesday, 23 May 2018, 11:27 am | New Zealand Apples and Pears

The World Apple Review has for the fourth year running named New Zealand’s apple industry the most competitive on the global stage, against 33 major apple growing countries. More >>

Bulletin article discusses unconventional monetary policy

Wednesday, 23 May 2018, 11:20 am | The Reserve Bank of New Zealand

An article published today in the Reserve Bank Bulletin examines the international experience of several central banks since the global financial crisis of 2007/08, and considers the potential for such policies in the New Zealand environment. More >>