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Latest Business Headlines [Page 2]

Prime Minister meets kiwi chick at Rainbow Springs

Thursday, 23 March 2017, 4:03 pm | Rainbow Springs

Prime Minister Bill English met a kiwi chick at Rainbow Springs in Rotorua this morning, while on a visit to learn more about the park’s kiwi conservation work. More >>

NZTech backs government’s stance on cyber security

Thursday, 23 March 2017, 3:38 pm | Make Lemonade

NZTech today backed the Government’s continued focus on the New Zealand cyber security strategy and action plan as rogue cyber attacks continue to plague nations and businesses worldwide. More >>

Everyday Butter Judged to Be Something Special

Thursday, 23 March 2017, 3:32 pm | Fonterra

Butter is best when it’s made at Fonterra’s Clandeboye plant in the South Island. More >>

UPDATE: Spark says TeamTalk valuation 'lacks credibility'

Thursday, 23 March 2017, 3:20 pm | BusinessDesk

March 23 (BusinessDesk) - Spark New Zealand says an independent valuation range for its takeover target, TeamTalk, lacks credibility and the top end of the range amounts to an "absurd premium". TeamTalk shares surged after the report was released and ... More >>

NZ farmers start year on positive note

Thursday, 23 March 2017, 3:14 pm | Rabobank

2017 has begun on a positive note for the country’s farmers, with rural confidence levels edging up, primarily driven by signs of renewed optimism among horticulture and beef and sheep producers. More >>

NZWSI Market Report: Wool Market Firm

Thursday, 23 March 2017, 3:12 pm | New Zealand Wool Services International

New Zealand Wool Services International Limited’s CEO, Mr John Dawson reports that despite a slightly stronger New Zealand dollar compared to the last sale on 16th March the 9835 bales on offer were firm to dearer, with 82 percent sold. More >>

BNZ to bring in nuclear free, tobacco free investment policy

Thursday, 23 March 2017, 2:52 pm | BusinessDesk

March 23 (BusinessDesk) - Bank of New Zealand has developed a responsible investment policy which excludes companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons and tobacco or tobacco products from its international ... More >>

Cloud Services Multiply Benefits for Seating To Go

Thursday, 23 March 2017, 2:26 pm | Lucidity

Auckland, 23 March, 2017 – Seating To Go is a Hamilton based organisation offering a specialist wheelchair and seating assessment, repair and training service. Contracted by the Ministry of Health and ACC, the company provides assessments for mobility ... More >>

Oamaru company takes innovative postal service to National

Thursday, 23 March 2017, 2:22 pm | Whitestone Post

Whitestone Post, the pioneering postal service that uses local taxis to deliver the mail, is ready to replicate its success in other regions through franchising. Murray and Liz Bell, from Whitestone Taxis, founded the registered postal service in May ... More >>

More Paul Henry to Satisfy Demand

Thursday, 23 March 2017, 2:19 pm | Invivo Wines New Zealand

Second vintage of Paul Henry Pinot Noir with Invivo released Friday 24 March Paul ‘The Palate’ Henry is back, and he has found his second calling after the ungodly early starts of his former life in broadcasting. The release of his second vintage ... More >>

Te Wānanga o Aotearoa signs MOU with Student Job Search

Thursday, 23 March 2017, 2:06 pm | Te Wananga o Aotearoa

Te Wānanga o Aotearoa tauira (students) now have access to thousands of job opportunities through leading employment service Student Job Search Aotearoa. More >>

Improved Lomaivuna area road connects farmers to market

Thursday, 23 March 2017, 2:02 pm | Fultan Hogan

Farmers from the key agricultural area of Lomaivuna can now transport their produce easily to the Suva and Nausori municipal markets after the four kilometre Lomaivuna loop road was recently repaired by Fulton Hogan Hiways (FHH). More >>

First Ever Melbourne Cup Cruise from New Zealand

Thursday, 23 March 2017, 1:56 pm | P and O Cruises

P&O Cruises is stepping up the cruise pace in New Zealand, sailing on its first Melbourne Cup Carnival voyage from Auckland this November ahead of a record-breaking season in 2018. More >>

Pumpkin Patch a “damaged” brand, former staff remain unpaid

Thursday, 23 March 2017, 1:39 pm | First Union

The union representing former distribution centre staff at collapsed children’s retailer Pumpkin Patch is warning the Catch Group, the brand’s new buyer, that the brand’s reputation will be further damaged as former distribution centre and ... More >>

Home Loan Affordability report

Thursday, 23 March 2017, 1:01 pm |

Housing affordability improving in Auckland as lower quartile prices slide for third consecutive month, latest Home Loan Affordability Reports show. Rising prices and interest rates took their toll in most other places More >>

Kiwifruit 2017 season underway

Thursday, 23 March 2017, 12:51 pm | Zespri

The 2017 New Zealand kiwifruit season is underway with the first ship, the Asian Adonis, set to sail to Shanghai tomorrow with 840,000 trays of premium Zespri SunGold Kiwifruit. More >>

Small Nelson charity scoops national award

Thursday, 23 March 2017, 12:49 pm | Safeguarding Children Initiative

Small Nelson-based charity scoops national award for eLearning that teaches how to help abused and neglected kids More >>

Pumpkin Patch brand, IP sold to Catch Group

Thursday, 23 March 2017, 12:46 pm | BusinessDesk

March 23 (BusinessDesk) - The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More >>

TeamTalk advises shareholders to reject takeover offer

Thursday, 23 March 2017, 12:30 pm | BusinessDesk

March 23 (BusinessDesk) - TeamTalk has advised its shareholders to reject a "hostile and opportunistic" takeover offer by Spark New Zealand, saying the price is below an independent valuation and seeks to take advantage of a low point in its shares. More >>

Fletcher names Kernahan new CEO of troubled unit

Thursday, 23 March 2017, 12:28 pm | BusinessDesk

March 23 (BusinessDesk) - Fletcher Building has named Michele Kernahan as chief executive of its troubled construction division, effective immediately, and said current boss Graham Darlow will retire at the end of the financial year. More >>

PT&I Pacific Path to Market delegations arriving

Thursday, 23 March 2017, 12:25 pm | Pacific Islands Trade and Invest

Auckland based Pacific Islands Trade & Invest will welcome 25 small businesses arriving today for Auckland’s Pasifika Festival on 25-26 March 2017. More >>

RBNZ's Wheeler keeps OCR at 1.75%

Thursday, 23 March 2017, 12:17 pm | BusinessDesk

RBNZ's Wheeler keeps OCR at 1.75%, doesn't anticipate moving any time soon More >>

Purpose-built warehousing sites placed on the market

Thursday, 23 March 2017, 12:16 pm | Bayleys Realty Group

Two large scale purpose-built warehousing facilities servicing multiple markets in the Lower North Island region have been placed on the market for sale. More >>

Kaikohe farm a finalist, Māori Excellence in Farming Award

Thursday, 23 March 2017, 12:11 pm | Te Runanga a Iwi o Ngapuhi

A Ngāpuhi hapū-owned farm near Kaikohe has been named one of three finalists for the prestigious 2017 Ahuwhenua Trophy, celebrating excellence in Māori farming. More >>

Spark NZ responds to TeamTalk target company statement

Thursday, 23 March 2017, 12:06 pm | Spark NZ

Spark New Zealand responded to TeamTalk's target company statement and independent adviser's report, which was released today. More >>

Fuji Xerox makes Secured Signing partnership

Thursday, 23 March 2017, 11:52 am | Secured Signing

23 March, 2017, Auckland, New Zealand - As it continues to build out a complete digital platform for document management, Fuji Xerox New Zealand has announced a new partnership with Secured Signing which enables digital signatures to be easily and securely added ... More >>

New Zealanders support faster rural Internet

Thursday, 23 March 2017, 11:40 am | Internet NZ

New research reveals that New Zealanders want faster home Internet, and are ready to move on from old-fashioned copper connections. More >>

NZ dollar rises ahead of RBNZ review

Thursday, 23 March 2017, 11:35 am | BusinessDesk

March 23 (BusinessDesk) - The New Zealand dollar gained ahead of the Reserve Bank's six-weekly review of monetary policy, which is expected to see the benchmark interest rate kept unchanged at a record low. More >>

Builder disciplined for overstepping licence class

Thursday, 23 March 2017, 11:28 am | Ministry of Business Innovation and Employment

Builder disciplined for overstepping licence class The licence of a Northland-based Licensed Building Practitioner (LBP) has been cancelled by the Building Practitioners Board (the Board) for three breaches of the Building Act 2004, when he undertook ... More >>

Privacy Commissioner releases 2016 credit assurance reports

Thursday, 23 March 2017, 10:56 am | Office of the Privacy Commissioner

Privacy Commissioner John Edwards has released the annual compliance assurance reports submitted by the three national credit reporting companies. More >>

TeamTalk recommends shareholders reject Spark Offer

Thursday, 23 March 2017, 10:41 am | TeamTalk

TeamTalk recommends shareholders reject Spark Offer of 80c – independent adviser valuation range is $1.52 to $2.11 More >>

Westpac Auckland Business Awards Best of the Best Winners

Thursday, 23 March 2017, 10:34 am | Auckland Chamber of Commerce

Health and wellness flexed its muscles at last night’s Business Awards Finals More >>

While you were sleeping: Nike stock drops

Thursday, 23 March 2017, 10:12 am | BusinessDesk

March 23 (BusinessDesk) - Wall Street was mixed as a decline in Nike shares offset a gain in stocks of Microsoft and Apple. More >>

Additional summer services to Christchurch

Thursday, 23 March 2017, 9:56 am | Singapore Airlines

Singapore Airlines today announced it will again provide supplementary services to and from Christchurch for the 2017/18 summer season. From 30 November 2017 through to 16 February 2018 Singapore Airlines will add an additional 30 flights into Christchurch ... More >>

Pumpkin Patch brand sold to Catch Group

Thursday, 23 March 2017, 9:51 am | KordaMentha

Brendon Gibson and Neale Jackson of KordaMentha, the Receivers of the Pumpkin Patch group, have successfully sold the Pumpkin Patch brand and intellectual property assets to Catch Group, a leading Australian eCommerce Group. More >>

OCR Announcement - Canstar Comments

Thursday, 23 March 2017, 9:44 am | Canstar

“After a flurry of increases in mortgage rates over the last quarter, recent weeks have seen a slowdown on this front. However, with lenders remaining reliant on overseas capital to fund their domestic mortgage book further rate increases cannot be ruled ... More >>

RBNZ OCR held steady at 1.75%, NZD little changed

Thursday, 23 March 2017, 9:43 am | HiFX

The RBNZ have maintained the Official Cash Rate (OCR) at 1.75%. This was widely expected. There is no Monetary Policy Statement issued at this meeting. More >>

Almost 50% sold after just 2 weeks into public release

Thursday, 23 March 2017, 9:39 am | Bayleys Realty Group

Almost 50 percent of large sections in Queenstown’s newest residential enclave have been sold, or are under contract – after just two weeks of being offered for sale to the public. More >>

New website launched for proposed Okura development

Thursday, 23 March 2017, 9:34 am | Todd Property Group

A proposed development north of Auckland featuring residential housing, parks and a 2km long coastal reserve is now the subject of a new information website, launched today by Todd Property. More >>

Horticultural stalwarts win Farm Environment Awards

Thursday, 23 March 2017, 9:09 am | Farm Environment Trust

Bay of Islands horticultural stalwarts Alan and Helen Thompson have won the Northland Ballance Farm Environment Awards. More >>

Official Cash Rate unchanged at 1.75 percent

Thursday, 23 March 2017, 9:05 am | Reserve Bank

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. More >>

HiFX Morning Update, March 23 2017

Thursday, 23 March 2017, 8:45 am | HiFX

The NZDUSD opens at 0.7058 (mid-rate) this morning. The NZD has made steady gains against the majority of its trading rivals (the JPY being the exception) as offshore economic data releases fell short of market expectations. The JPY has been the best ... More >>

Value of international education breaks $100 million mark

Thursday, 23 March 2017, 8:32 am | CEDA

The Economic Impact of International Education Report 2015/16 for Manawatū Whanganui has found the industry is now worth $100 million in foreign exchange earnings to the region. More >>

Dairy Industry Awards Winners Thrive on Challenges

Thursday, 23 March 2017, 7:37 am | NZ Dairy Industry Awards

A former adventure tourism guide and former secondary school teacher have been named as major winners in the 2017 Canterbury-North Otago South Dairy Industry Awards and both say they thrive on a challenge. More >>

OMV, STOS Win Big at Inaugural Petroleum Conference Awards

Thursday, 23 March 2017, 7:09 am | PEPANZ

OMV and Shell Todd Oil Services were the big winners at the inaugural New Zealand Petroleum Conference awards announced tonight. OMV picked up the awards for Exceptional Health, Safety and Environmental Leadership and for Excellence in Community Partnership ... More >>

Is health insurance pricing baby boomers out of the market?

Thursday, 23 March 2017, 6:57 am | Canstar Blue

Auckland, 23 March 2017. As the average cost of health insurance reaches $2,210 per year, over half of people think it is becoming too expensive. For baby boomers rates climb even higher with average costs rising to $3,765 per year. More >>

Former F&P Healthcare employee pleads guilty to corruption

Thursday, 23 March 2017, 6:34 am | BusinessDesk

March 22 (BusinessDesk) - A former employee of Fisher & Paykel Healthcare pleaded guilty to a series of corruption-related charges in the Auckland District Court, the Serious Fraud Office said. More >>

Failure of Aussie trader blamed for demise of business

Thursday, 23 March 2017, 6:33 am | BusinessDesk

March 22 (BusinessDesk) - Alan Mitchell, a veteran of the goat breeding and goat meat industry, blames a failed Australian trading company for the demise of his export business, according to a liquidators' report. More >>

NZSA slams Heartland Bank's capital raising as unfair

Thursday, 23 March 2017, 6:31 am | BusinessDesk

March 22 (BusinessDesk) - The New Zealand Shareholders Association has criticised Heartland Bank over a $40 million of capital completed this month after its discounted share purchase plan closed more than three times oversubscribed. More >>

FMA halts Forestlands plan to distribute $18M after sales

Thursday, 23 March 2017, 6:27 am | BusinessDesk

March 22 (BusinessDesk) - The Financial Markets Authority is talking to Forestlands over $18 million the forest owner planned to distribute to investors after selling its assets. More >>

NZ dollar extends gain against Aussie

Thursday, 23 March 2017, 6:25 am | BusinessDesk

March 22 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar as the interest rate differential between the countries looks set to persist and as investors were unnerved by the US White House's inability to deliver on its plans. More >>

Affco seeks judicial review of meatworkers ruling

Thursday, 23 March 2017, 6:23 am | BusinessDesk

March 22 (BusinessDesk) - Affco New Zealand is making another attempt to throw out a ruling that it unlawfully locked out meat workers when collective bargaining was taking place, this time asking the Court of Appeal for a judicial review of the Employment ... More >>

MARKET CLOSE: NZ shares fall

Thursday, 23 March 2017, 6:13 am | BusinessDesk

March 22 (BusinessDesk) - New Zealand shares fell, with Fonterra Shareholders' Fund and Fletcher Building dropping while Sky Network Television rose after the pay-TV company said it will challenge the regulator's decision to decline its Vodafone merger. More >>

Diversity Award a big boost for New Zealand businesses

Wednesday, 22 March 2017, 5:41 pm | Diversity Works

Recognition at the Diversity Awards NZ has helped two innovative local companies make an even bigger impact with their initiatives designed to create an inclusive workplace for New Zealanders. More >>

Fonterra: ingredients offset gains from higher value product

Wednesday, 22 March 2017, 5:08 pm | BusinessDesk

March 22 (BusinessDesk) - Fonterra Cooperative Group lifted first-half earnings from its consumer and food service businesses by shifting volumes into higher-value products but the gains were more than offset by a decline in earnings from its ingredients ... More >>

NZ Refining gross margins edge up in start to 2017

Wednesday, 22 March 2017, 5:06 pm | BusinessDesk

March 22 (BusinessDesk) - New Zealand Refining's gross margins edge higher in the first two months of the year with strong throughput at the Marsden Point refinery. More >>

Serko gets $2 million extension to Callaghan grant

Wednesday, 22 March 2017, 5:03 pm | BusinessDesk

March 22 (BusinessDesk) - Serko, the online travel booking firm looking to turn a profit next year, has been given an extension to its Callaghan Innovation grant to spend on research and development.  More >>

Upside Biotechnologies raises $2.3 mln in funding round

Wednesday, 22 March 2017, 5:00 pm | BusinessDesk

March 22 (BusinessDesk) - Upside Biotechnologies, a regenerative medicine start-up, said it has successfully raised $2.3 million in its Series A funding round. More >>

Largest Sawmill in Southern Hemisphere to open in Rotorua

Wednesday, 22 March 2017, 4:56 pm | Red Stag Timber Ltd

The worlds most advanced sawmill and the first ‘super-mill’ in the Southern Hemisphere is to be opened by Prime Minister Bill English in Rotorua this Thursday. More >>

Craft Brewer Scoops Major Event Sponsorship

Wednesday, 22 March 2017, 4:40 pm | World Masters Games

Good George Brewing has been announced as the official beer of World Masters Games 2017 (WMG2017) being hosted in New Zealand, the first time a craft brewery has held this level of sponsorship for the massive event. More >>


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