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Latest Business Headlines [Page 2]

NZ Refining granted consents to dredge Whangarei Harbour

Wednesday, 18 July 2018, 8:33 pm | BusinessDesk

July 18 (BusinessDesk) - New Zealand Refining has been granted resource consent to dredge Whangarei Harbour by the Northland Regional Council, something it says will let larger crude cargoes of around 1 million barrels to be shipped to Marsden Point. More >>

NZ dollar extends decline as greenback benefits

Wednesday, 18 July 2018, 8:23 pm | BusinessDesk

July 18 (BusinessDesk) - The New Zealand dollar fell in Asia after upbeat comments overnight from Federal Reserve chair Jerome Powell reinforced the view US rates will keep rising while domestic rates stay at a record low. More >>

Hawkins sale proceeds used to settle claim on major project

Wednesday, 18 July 2018, 8:20 pm | BusinessDesk

July 18 (BusinessDesk) - Funds from the sale of Hawkins Construction to Downer EDI were recycled back into the leftover businesses to settle a claim on a major project, wind down the remaining projects, and prepare for a growing number of legal disputes, ... More >>

BlueScope loses bid to toss out $506M claim

Wednesday, 18 July 2018, 8:19 pm | BusinessDesk

July 18 (BusinessDesk) - BlueScope Steel, the Glenbrook steel mill operator, has lost a bid to end or narrow a $506 million court action taken by the unsuccessful bidder for the Taharoa iron sands mine near Kawhia. More >>

Provincial NZ dominates economic growth prospects

Wednesday, 18 July 2018, 8:14 pm | Infometrics

New Zealand’s provincial economies are poised to drive growth in the economy, building on the recovery in dairy prices during 2016, according to Infometrics latest economic forecasts. Spending activity in the regions is comfortably outpacing activity in ... More >>

Worker input on safety is needed for the forestry industry

Wednesday, 18 July 2018, 4:35 pm | First Union

Worker input on safety guidelines and funding for safety training is needed for the forestry industry FIRST Union is deeply saddened by the death of Shannon David Omlo of Tapawera in a forestry accident near Nelson yesterday. FIRST Union extends ... More >>

FMA may act against financial services firms after review

Wednesday, 18 July 2018, 4:32 pm | BusinessDesk

July 18 (BusinessDesk) - The Financial Markets Authority may take regulatory action against three financial services firms after its latest probe into replacement life insurance. More >>

Mercury’s Waikato hydro pumps out most power since 1996

Wednesday, 18 July 2018, 3:35 pm | BusinessDesk

July 18 (BusinessDesk) - Production from the Waikato hydro scheme reached a 22-year high in the June year just ended. More >>

New digital inclusion organisation to expand support

Wednesday, 18 July 2018, 3:30 pm | Digital Inclusion Alliance

New digital inclusion organisation to expand support for communities A new organisation to promote digital inclusion was announced today by the organisation’s establishment board. The Digital Inclusion Alliance Aotearoa (DIAA) aims to be a catalyst for expanding ... More >>

EVRoam provides safe, reliable information for EV charging

Wednesday, 18 July 2018, 3:16 pm | NZTA

EVRoam, a real-time database of public charging infrastructure launched by Associate Minister of Transport Hon Julie Anne Genter today, provides one view of a safe, reliable and interoperable public charging network for electric vehicles in New Zealand. The ... More >>

ChargeNet Help to Launch Game-Changing EV Software

Wednesday, 18 July 2018, 3:14 pm | ChargeNet

ChargeNet, the largest electric vehicle (EV) fast charging network infrastructure provider in the Southern Hemisphere, is delighted to have played a part in helping to bring to life game-changing electric vehicle (EV) software, EVRoam, which was ... More >>

AA welcomes certainty for EV drivers with EVRoam launch

Wednesday, 18 July 2018, 3:12 pm | Automobile Association

The New Zealand Automobile Association welcomes the launch of EVRoam, a platform that will give EV (Electric Vehicle) drivers peace of mind in knowing exactly where their next charge is coming from. More >>

PGC's Torchlight Fund to pay departing investors A$25.5M

Wednesday, 18 July 2018, 3:11 pm | BusinessDesk

July 18 (BusinessDesk) - Pyne Gould Corp's Torchlight Fund has 30 months to make a fixed redemption payment of A$25.5 million after the firm announced a deal with unhappy investors who pursued the distressed asset investor through the Cayman Islands ... More >>

Get involved with the Week of Engineering!

Wednesday, 18 July 2018, 2:49 pm | Engineering NZ

Tomorrow’s engineers will have jobs that don’t even exist today. The Week of Engineering is an annual event that will inspire young minds to think about those future possibilities. From 13-18 August, Engineering New Zealand will be hosting ... More >>

Mercury Quarterly Operational Update

Wednesday, 18 July 2018, 2:31 pm | Mercury Energy

• RECORD ANNUAL GENERATION - Annual generation 7,704GWh; Hydro generation 947GWh above average • DEMAND GROWTH - Underlying demand up 1.8% led by urban and dairy sectors • SUSTAINED RETAIL COMPETITION - Annual churn for all Mercury brands up ... More >>

Chinese travellers rank NZ as the number four destination

Wednesday, 18 July 2018, 2:28 pm | Hotels.com

Kiwis feel the love from Chinese travellers, as New Zealand ranks fourth in list of top destinations in the world to visit this year More >>

Fieldfisher examines UK-NZ Fintech collaboration potential

Wednesday, 18 July 2018, 2:21 pm | Fieldfisher

On Friday 13 July, Fintech specialists from across Fieldfisher's Tech, FMP, Competition, Regulatory teams hosted a breakfast discussion with guests from the New Zealand Trade and Enterprise (NZTE) delegation visiting London as part of London Fintech Week. More >>

Kingfish's 3.1% stake in Fletcher Building paying off

Wednesday, 18 July 2018, 2:13 pm | BusinessDesk

July 18 (BusinessDesk) - Fletcher Building shares have gained about 14 percent since Kingfish took a 3.1 percent stake and the listed investment firm's manager remains upbeat on the stock. More >>

FMA review sends important message to industry

Wednesday, 18 July 2018, 1:56 pm | Financial Services Council

The FMA thematic review on replacement business practices in the insurance industry has a number of important findings for the sector says the Financial Services Council. More >>

$2.3M to expand commercial property management platform

Wednesday, 18 July 2018, 1:48 pm | Re-Leased

Auckland 18 July 2018 - Re-Leased, the cloud-based commercial property management platform, has raised NZ$2.3 million from New Zealand and UK investors in its first external capital round to fast track development and attract larger international ... More >>

Customers not focus of replacement business at insurers

Wednesday, 18 July 2018, 1:43 pm | Financial Markets Authority

The Financial Markets Authority (FMA) is considering regulatory action against three large financial institutions or qualifying financial entities (QFEs) following a review of insurance replacement business practices. More >>

RMA compliance guidelines concern Federated Farmers

Wednesday, 18 July 2018, 1:36 pm | Federated Farmers

Federated Farmers is in favour of ‘best practice’ guidelines on how councils exercise their duties under the Resource Management Act if they bring common sense and consistency to that role. More >>

Conservative KiwiSaver funds should be pit stop

Wednesday, 18 July 2018, 12:58 pm | ANZ Investment

ANZ has supported an initiative by a group of financial advisers to move KiwiSavers in default schemes from conservative to higher growth funds. More >>

Z Energy cuts earnings guidance by $30M

Wednesday, 18 July 2018, 12:56 pm | BusinessDesk

July 18 (BusinessDesk) - Z Energy, the country’s biggest fuel retailer, has cut full-year earnings guidance by $30 million due to an extended shutdown at the Marsden Point oil refinery and high crude prices in the June quarter. More >>

New Zealand Partner Launches New Global Learning Network

Wednesday, 18 July 2018, 12:47 pm | Boma NZ

International entrepreneurs recently announced the launch of Boma, a new global learning and impact network for local decision and change makers. More >>

Methanex signs NZ supply agreements for gas supply to 2029

Wednesday, 18 July 2018, 12:44 pm | BusinessDesk

July 18 (BusinessDesk) - Methanex New Zealand, the country's biggest gas user, says it has signed supply agreements for more than half its annual production for the next 11 years. More >>

20/20 Trust welcomes new digital inclusion organisation

Wednesday, 18 July 2018, 12:38 pm | 20 20 Trust

20/20 Trust today welcomed the announcement today of a new organisation - Digital Inclusion Alliance Aotearoa (DIAA) – which has been established to help reduce barriers that prevent people from participating in their communities using digital ... More >>

Finalists transforming New Zealand's construction industry

Wednesday, 18 July 2018, 12:19 pm | National Association of Women in Construction

Women are making their mark on New Zealand’s construction sector with 39 finalists in the fourth annual Hays NAWIC Excellence Awards reflecting the outstanding contribution being made by women across the industry. More >>

New Augusta Property Trust Has Xero as Its Main Tenant

Wednesday, 18 July 2018, 12:10 pm | Bayleys

Augusta Funds Management’s latest offering will enable smaller investors to share in the ownership of a brand new premium grade Auckland commercial property which has fast growing accounting software company Xero as its anchor tenant. More >>

Place NZ prior to any offer toward IT talent

Wednesday, 18 July 2018, 11:34 am | Leaders Review

Global fin-tech entrepreneur, AJ Smith, claimed a major tack still missing in attracting high impact IT talent to our shores was the firm placement of New Zealand’s lifestyle before any formal offer – not simply a bonus to the career opportunity. More >>

NZ dollar falls from week-high

Wednesday, 18 July 2018, 11:30 am | BusinessDesk

July 18 (BusinessDesk) - The New Zealand dollar fell from a week-high after Federal Reserve chair Jerome Powell told legislators the central bank will continue to raise interest rates gradually with the world's biggest economy in good shape. More >>

2018 Survey on Offensive Language in Broadcasting

Wednesday, 18 July 2018, 11:22 am | Broadcasting Standards Authority

Research released by the Broadcasting Standards Authority (BSA) today highlights that the New Zealand public considers culturally insensitive and sexist or ‘gendered’ language to be increasingly unacceptable in certain broadcasting contexts. More >>

NZ banking minnows expand lending more aggressively in March

Wednesday, 18 July 2018, 11:17 am | BusinessDesk

July 18 (BusinessDesk) - New Zealand's banking minnows loaned more aggressively in the first three months of the year, a period advisory firm KPMG noted as showing a deterioration in asset quality which contributed to smaller sector profit. More >>

Innovative housing complex designed for Wellington

Wednesday, 18 July 2018, 11:06 am | Branz

Thirty top architecture, engineering and construction management students, one brief and just three days to design a Wellington-centric housing complex for all generations. More >>

Bell Gully advises Gentrack on accelerated entitlement offer

Wednesday, 18 July 2018, 10:04 am | Bell Gully

Bell Gully is advising NZX/ASX listed company Gentrack on an accelerated entitlement offer as it seeks to raise approximately NZD$90 million to pay down debt from recent acquisitions. Gentrack provides essential software services to utilities companies ... More >>

Dairy product prices slip, declining for ninth time

Wednesday, 18 July 2018, 9:55 am | BusinessDesk

July 18 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, as slides in rennet casein and butter outweighed a surprise gain in whole milk powder. More >>

Trade Me and GirlBoss launch the inaugural GirlBoss Awards

Wednesday, 18 July 2018, 9:50 am | Trademe

Trade Me has teamed up with Alexia Hilbertidou from GirlBoss to celebrate trailblazing young women in New Zealand with the inaugural GirlBoss Awards (girlbossawards.co.nz). Nominations for the awards open today, and close in mid-August, with the winners ... More >>

Endace Expands Fusion Partner Program

Wednesday, 18 July 2018, 9:25 am | Endace

Auckland, New Zealand and Austin, Texas — July 17, 2018 — Endace, a world leader in high-speed network recording, playback and analytics hosting, today announced further expansion to its Fusion Partner Program - opening a dedicated partner testing ... More >>

HiFX Morning Update July 18, 2018

Wednesday, 18 July 2018, 9:19 am | HiFX

The NZDUSD opens at 0.6781 (mid-rate) this morning. After showing little reaction to yesterday morning’s softer than expected Q2 CPI report the NZD surged higher during the afternoon session after the RBNZ upwardly revised its core inflation estimate ... More >>

MARKET CLOSE: NZ shares mixed, A2, Kathmandu weaken

Tuesday, 17 July 2018, 8:58 pm | BusinessDesk

July 17 (BusinessDesk) - New Zealand shares were mixed, with Kathmandu Holdings and A2 Milk dragging the index lower while defensive stocks such as Investore made gains amidst global uncertainty. More >>

NZ dollar gains after RBNZ's inflation gauge accelerates

Tuesday, 17 July 2018, 8:57 pm | BusinessDesk

July 17 (BusinessDesk) - The New Zealand dollar rose across the board after an inflation gauge published by the Reserve Bank accelerated at its fastest pace in seven years, easing concerns about a possible rate cut. More >>

Former Hamilton mayor Hardaker tapped to chair EPA

Tuesday, 17 July 2018, 8:55 pm | BusinessDesk

July 17 (BusinessDesk) - Lawyer Julie Hardaker is the new chair of the Environmental Protection Authority. More >>

Insurers welcome govt review of health cover

Tuesday, 17 July 2018, 8:54 pm | BusinessDesk

July 17 (BusinessDesk) - Insurers are happy to see the role of private health cover in an ageing population included in a wide-ranging government review. More >>

Shopify Announces Wellington, NZ as First Oceania Remote Hub

Tuesday, 17 July 2018, 5:13 pm | Wellington Regional Economic Development Agency

Shopify looks to hire more than 100 support staff with the help of WREDA as part of remote working revolution More >>

EA appoints MBIE energy boss James Stevenson-Wallace

Tuesday, 17 July 2018, 4:34 pm | BusinessDesk

July 17 (BusinessDesk) - The Electricity Authority has appointed one of the government’s senior energy policy advisors as its new chief executive. More >>

NZ’S Chocolate Awards Return for a Second Year

Tuesday, 17 July 2018, 4:23 pm | New Zealand Chocolate Awards

NZ’S Chocolate Awards Return for a Second Year, Bigger And Better With a new international head judge Tuesday 17 July 2018 After judging more than 120 New Zealand made chocolate bars, bonbons and truffles last year, the NZ Chocolate Awards is back for 2018, bigger ... More >>

Academics support KiwiSaver criticism

Tuesday, 17 July 2018, 3:59 pm | Susan St John

Yesterday’s open letter from nine Independent Financial Advisers to the Financial Markets Authority and other regulators criticising the current KiwiSaver model for its conservative strategy of investment, has raised some very important issues according ... More >>

Trustpower targets greater savings, better service

Tuesday, 17 July 2018, 3:49 pm | BusinessDesk

July 17 (BusinessDesk) - Trustpower plans further automation in order to lower costs and improve services in the hotly contested power and broadband markets it operates in. More >>

Air New Zealand takes out global marketing award

Tuesday, 17 July 2018, 2:38 pm | Air New Zealand

Air New Zealand has taken out the Marketing Award at the Airline Strategy Awards in London. More >>

NZ June qtr inflation just below forecast

Tuesday, 17 July 2018, 1:55 pm | BusinessDesk

July 17 (BusinessDesk) - New Zealand second-quarter inflation was slightly lower than economists had expected but in line with central bank forecasts as housing-related prices continue to push higher. More >>

Inflation is still low, but headed higher

Tuesday, 17 July 2018, 1:47 pm | Kiwibank

It might have been cheaper to upgrade the car, just less so to add to the house. Key Points • Food, alcohol, construction, and rents all surprised slightly on the high-side. • Petrol rose, and will rise some more. Used cars were heavily discounted. ... More >>

NZ Refining reports negative margins

Tuesday, 17 July 2018, 1:42 pm | BusinessDesk

July 17 (BusinessDesk) - New Zealand Refining has reported negative margins for the first time in five years after a major maintenance shut had to be extended last month. More >>

Wool Summit leads to greater direction

Tuesday, 17 July 2018, 1:27 pm | Federated Farmers

Key players in New Zealand’s wool industry are to form a new coordinating group to better tell wool’s story, says Federated Farmers. More >>

Gender imbalance to blame for housing and builder shortage?

Tuesday, 17 July 2018, 1:17 pm | Nexgen

Gender imbalance to blame for housing and builder shortage? The shortage of tradespeople to help with building more houses in New Zealand could be alleviated by attracting more women builders, plumbers, carpenters and electricians – in effect, the gender ... More >>

NZ residential property sales dip in June

Tuesday, 17 July 2018, 12:44 pm | BusinessDesk

July 17 (BusinessDesk) - New Zealand house sales fell 1.6 percent in June from a year earlier as a cooling in activity followed the onset of winter was limited to what's considered affordable housing, pushing out the time to sell and sapping the ... More >>

Electric car-share Mevo attracts more funding from Z Energy

Tuesday, 17 July 2018, 12:38 pm | BusinessDesk

July 17 (BusinessDesk) - Z Energy has more than doubled its investment in Mevo, the Wellington-based electric car-sharing firm, with The Wellington Company and European Motor Distributors also investing. More >>

Technology helps wood displace steel and concrete

Tuesday, 17 July 2018, 12:21 pm | Innovatek

Until recently, New Zealand developers had been slow to adopt the engineered timber structures in contrast to leaders in Australia, USA. Now, more engineers here are recognising engineered wood’s advantages with new building information modelling ... More >>

TechnologyOne future-proofs shared services

Tuesday, 17 July 2018, 12:10 pm | TechnologyOne

WELLINGTON, New Zealand – 17 July, 2018 -- Leading enterprise Software as a Service (SaaS) company, TechnologyOne (ASX:TNE), announced today that it had successfully delivered its Human Resources and Payroll (HRP) software as a service solution that ... More >>

NZ dollar little changed ahead of June qtr inflation

Tuesday, 17 July 2018, 11:28 am | BusinessDesk

July 17 (BusinessDesk) - The New Zealand dollar was little changed ahead of local inflation figures, which will firm up views on whether the Reserve Bank has scope to cut the official cash rate any further, and as Federal Reserve chair Jerome Powell ... More >>

NZ Q2 CPI Release

Tuesday, 17 July 2018, 11:14 am | HiFX

NZ Q2 CPI Release The NZ Consumer Price Index (CPI) for Q2 has just been released. The CPI came in slightly lower than expected. NZ CPI Q2/Annual: Headline Q2 CPI +0.4% / +1.5% Consensus 0.5% / +1.6% Non-tradables CPI +0.4% / +0.9% versus previous quarter ... More >>