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Latest Business Headlines [Page 2]

Rising cost of housing outpaces income gains in past decade

Thursday, 19 October 2017, 2:49 pm | BusinessDesk

Oct. 19 (BusinessDesk) - The country's average annual household income gained more than 40 percent in the past decade, but was still outpaced by rising housing costs, Statistics New Zealand figures show. More >>

Dreamliner flight for football fans

Thursday, 19 October 2017, 2:45 pm | Air New Zealand

Air New Zealand will operate a flight between Auckland and Wellington on Saturday 11 November using its 302 seat Boeing 787-9 Dreamliner aircraft to help football fans see the All Whites take on Peru in the FIFA World Cup – Intercontinental Playoff More >>

Transport, trees key factors in climate change response

Thursday, 19 October 2017, 2:43 pm | Federated Farmers

New Zealand’s most effective actions on global warming in the short to medium term would be to focus on energy and transport, and improve current policies to better reward those who want to plant trees, Federated Farmer says. More >>

UPDATE: Zeta Resources bid for NZ Oil & Gas fails

Thursday, 19 October 2017, 2:41 pm | BusinessDesk

Oct. 19 (BusinessDesk) - Private investment firm H&G will accept Ofer Group Oil & Gas' offer for New Zealand Oil & Gas after ASX-listed Zeta Resources' play to seize control of the company did not meet the minimum acceptance condition and has lapsed. More >>

Restaurant Brands lifts first-half profit 41% on expansion

Thursday, 19 October 2017, 2:17 pm | BusinessDesk

Oct. 19 (BusinessDesk) - Restaurant Brands New Zealand lifted first-half profit 41 percent after the fast-food operator expanded its footprint through Australia and Hawaii. More >>

Zeta Resources bid for NZ OIl & Gas fails

Thursday, 19 October 2017, 1:48 pm | BusinessDesk

Oct. 19 (BusinessDesk) - ASX-listed Zeta Resources' play to seize control of New Zealand & Gas did not meet the minimum acceptance condition and has lapsed, leaving a rival bid from Ofer Group Oil & Gas as the sole offer on the table. More >>

A sobering read: Our atmosphere and climate 2017 report

Thursday, 19 October 2017, 1:38 pm | Business NZ

Sustainable Business Council Executive Director Abbie Reynolds says the Ministry for the Environment and Statistics New Zealand’s Our atmosphere and climate 2017 report makes for a sobering read. More >>

Port of Tauranga Sees Strong Quarterly Growth

Thursday, 19 October 2017, 1:30 pm | Port of Tauranga Limited

Port of Tauranga today reported first quarter trade volume growth of 15% on the previous corresponding period. More >>

Zespri lifts forecast for 2018 tray returns

Thursday, 19 October 2017, 12:58 pm | BusinessDesk

Oct. 19 (BusinessDesk) - Zespri Group, the country's statutory kiwifruit exporter, raised its forecast for tray returns across all varieties in the 2018 financial year and is accelerating licensing for its SunGold fruit on growing demand for the sweeter ... More >>

Veritas censured, fined $55,000 plus costs

Thursday, 19 October 2017, 12:44 pm | BusinessDesk

Oct. 19 (BusinessDesk) - Veritas Investments has been publicly censured and fined $55,000 plus costs by the NZ Markets Disciplinary Tribunal for failing to immediately disclose to the market that it had agreed to sell or close its Nosh business as a ... More >>

Towelling It Launch New 2017 Summer Range

Thursday, 19 October 2017, 12:42 pm | Towelling It

Auckland based beach towel design and retail company – Towelling It , have just released their brand new designs for summer 2017. Launching four new beach towels, available via their website, Towelling It ‘s new designs draw on a combination ... More >>

Fresh tech advances driving growth in fintech

Thursday, 19 October 2017, 12:20 pm | Make Lemonade

The New Zealand financial sector will be able to provide their clients with unprecedented online advice from next year and a leading fintech expert today urged companies to start looking to the process sooner rather than later as the FMA is expecting substantial ... More >>

Bishop Warden Creates Free Online Demand Templates for Debt

Thursday, 19 October 2017, 12:17 pm | Bishop Warden

Debt buying company Bishop Warden has developed a website – www.docservice.co.nz - to provide businesses with free, easy to use templates for the creation of Notices of Demand and Statutory Demands, with the option of then using Bishop Warden’s ... More >>

NZ dollar falls before NZ First's announcement

Thursday, 19 October 2017, 11:52 am | BusinessDesk

Oct. 19 (BusinessDesk) - The New Zealand dollar fell ahead of an announcement on the formation of the new government, flagged for today, as the market prepares to assess the policy concessions wrung out of the deal by the NZ First Party. More >>

Freeview launches set to transform TV

Thursday, 19 October 2017, 11:24 am | FreeView

Freeview has today announced the launch of an innovative new high-end recorder and a new Freeview On Demand platform combining Live TV and On Demand services on Smart TVs and set top boxes. More >>

The FMA and ASIC confirm trans-Tasman collaborative approach

Thursday, 19 October 2017, 11:17 am | Financial Markets Authority

The Financial Markets Authority (FMA) and the Australian Securities and Investment Commission (ASIC) have reaffirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. More >>

Household Income Up Over 40% in Last 10 Years

Thursday, 19 October 2017, 11:10 am | Statistics New Zealand

Average annual household income has risen more than 40 percent since 2007, increasing at twice the rate of inflation, Stats NZ said today. Over the same period, average annual housing costs increased just over 50 percent. More >>

While you were sleeping: IBM rally boosts Dow to record

Thursday, 19 October 2017, 11:07 am | BusinessDesk

Oct. 19 (BusinessDesk) - Wall Street rose to fresh record highs, bolstered by a rally in shares of IBM after the company reported quarterly earnings and an outlook that exceeded expectations. More >>

Air NZ named world's top airline by Condé Nast Traveler

Thursday, 19 October 2017, 10:56 am | Air New Zealand

Air New Zealand has been named Top Airline in the World by prestigious US magazine Condé Nast Traveler in its 30th annual Readers’ Choice Awards. More >>

Synlait Programme Endorsed by Environment Canterbury

Thursday, 19 October 2017, 9:48 am | Synlait Milk Ltd

Synlait Milk’s (NZX: SML; ASX: SM1) Lead With Pride™ programme is the first independent programme in the New Zealand agricultural industry to become an approved audit management system. More >>

Dumpling supplier fined for employment breaches

Thursday, 19 October 2017, 9:39 am | Ministry of Business Innovation and Employment

A dumpling supplier in Christchurch has been ordered to pay more than $15,000 by the Employment Relations Authority (ERA) after a Labour Inspectorate investigation found breaches. More >>

Westpac Auckland Business Awards 2017 – South

Thursday, 19 October 2017, 9:31 am | Auckland Chamber of Commerce

Jet Park Hotel and Conference Centre has won the Supreme Business Excellence Award at last night’s Westpac Auckland Business Awards 2017 – South. More >>

All businesses should commit to being living wage employer

Thursday, 19 October 2017, 9:14 am | Make Lemonade

Leading economic researcher BERL challenges all businesses to become Living Wage employers to make a real difference to New Zealanders and their communities. On its 60th anniversary celebrations, BERL chief economist Dr Ganesh Nana told invited guests, ... More >>

Small firms’ growth expectations remain high

Thursday, 19 October 2017, 9:02 am | ANZ Bank

19 October 2017 Small firms’ growth expectations remain high Business confidence amongst small firms eased in September but remains respectable, according to ANZ’s quarterly Business Micro Scope survey. A net 14% of small businesses – down from ... More >>

HiFX Morning Update, October 19, 2017

Thursday, 19 October 2017, 8:39 am | HiFX

The NZDUSD opens at 0.7146 (mid-rate) this morning. The NZD is down against the majority of its trading rivals with yesterday’s disappointing dairy trade auction weighing heavily on the currency. We expect the NZD to trade sideways ahead of Winston Peter’s ... More >>

MARKET CLOSE: Shares rise, buoyed by international interest

Wednesday, 18 October 2017, 8:56 pm | BusinessDesk

MARKET CLOSE: NZ shares rise, buoyed by international interest; Synlait, Comvita gain; Sky TV drops More >>

Dollar falls as market wait to see who will govern

Wednesday, 18 October 2017, 8:29 pm | BusinessDesk

Oct. 18 (BusinessDesk) - The New Zealand dollar fell while remaining in a narrow trading range as the market waits to find out which parties will form the country's next government. More >>

Veritas Directors Action on Nosh Sale Warrant Investigation

Wednesday, 18 October 2017, 6:27 pm | Bishop Warden

Bishop Warden: Actions of Veritas Directors During Nosh Sale Warrant Investigation Commercial debt buying company Bishop Warden Limited has today submitted formal complaints to the Registries Integrity & Enforcement Unit of the Companies Office and the ... More >>

Comvita lifts earnings outlook on 'grey market' recovery

Wednesday, 18 October 2017, 6:18 pm | BusinessDesk

Oct. 18 (BusinessDesk) - Comvita raised its 2018 earnings outlook after a solid recovery of the so-called "grey channel" into China and significant North American sales, chief executive Scott Coulter said in a presentation for the annual general ... More >>

Tourism Holdings mindful of global ructions

Wednesday, 18 October 2017, 6:15 pm | BusinessDesk

Oct. 18 (BusinessDesk) - Tourism Holdings is better equipped to cope with major global events that may stifle international travel, such as last year's Brexit vote and the election of US President Donald Trump, says chair Rob Campbell. More >>

Celo says healthcare platform is secure against cyber-threat

Wednesday, 18 October 2017, 6:14 pm | BusinessDesk

Oct. 18 (BusinessDesk) - Technology startup Celo, which recently teamed with Roche NZ, says its healthcare data platform is secure against cyber-threats including those that exploit the key reinstallation attack weakness, or KRACK, that may leave devices ... More >>

NZ's IRD a global leader in shift to digital

Wednesday, 18 October 2017, 5:44 pm | BusinessDesk

NZ's IRD a global leader in shift to digital, unobtrusive tax administration, Ferguson says More >>

Lawyers disagree on 'moveable feast' in media merger case

Wednesday, 18 October 2017, 5:41 pm | BusinessDesk

Oct. 18 (BusinessDesk) - Lawyers in the media merger appeal case in Wellington's High Court have clashed over a second appeal made by lawyers for Stuff and NZME, which the Commerce Commission says has been undisciplined and inappropriate. More >>

Watershed release for NZ cruise sector

Wednesday, 18 October 2017, 5:22 pm | Joint Press Release

New government statistics about New Zealand cruise visitors will reaffirm the size and importance of the cruise sector, the New Zealand Cruise Association says. Today’s release from Stats NZ and the Ministry of Business, Innovation & Employment provides ... More >>

Construction sector needs to train more apprentices

Wednesday, 18 October 2017, 5:20 pm | DuraBuild Construction

Targets set by the government in June indicated that the country will need at least 50,000 trade apprentices by 2020. More >>

Air New Zealand offers extra flights for football fans

Wednesday, 18 October 2017, 4:52 pm | Air New Zealand

Air New Zealand is deploying additional capacity between Auckland and Wellington over the weekend of 11-12 November to help football fans see the All Whites take on Peru in the FIFA World Cup – Intercontinental Playoff. More >>

Fantail Network Courageous Conversations Pop-Up

Wednesday, 18 October 2017, 2:58 pm | Fantail Network

Women from all walks of business will converge in Auckland on Tuesday 14 November to attend the Fantail Network’s Courageous Conversations Pop-Up Event, held at Southern Cross Health Society. More >>

Country’s largest motorhome, caravan and outdoor expo

Wednesday, 18 October 2017, 2:55 pm | NZMCA

New Zealand’s largest annual motorhome, caravan and outdoor expo, the Covi NZMCA Insurance Motorhome, Caravan & Outdoor SuperShow, is building for an even bigger show with the introduction of a dedicated accessories hall and marque. More >>

REINZ and Start Social announce partnership

Wednesday, 18 October 2017, 2:38 pm | REINZ

The Real Estate Institute of New Zealand (REINZ) is delighted to announce that today it is launching a partnership with Start Social to provide discounted social media training for its 15,000 plus members across the country. Agents have been asking ... More >>

Reckon partners with TidyStock for SME stock management

Wednesday, 18 October 2017, 2:28 pm | Reckon New Zealand

Reckon partners with TidyStock for SME stock management Cloud accounting provider Reckon has signed a deal with Tidy International to integrate its cloud-based stock and inventory management system, TidyStock, into Reckon One. The partnership will ... More >>

China's Citic Capital builds 7.3% stake in Tourism Holdings

Wednesday, 18 October 2017, 2:03 pm | BusinessDesk

Oct. 18 (BusinessDesk) - Chinese investment manager Citic Capital, which oversees US$21 billion of assets, has built up a 7.3 percent stake in Tourism Holdings, making it the motorhome operator's second-biggest shareholder. More >>

Rainbow Confectionery makes the Original “Pineapple Chunk”

Wednesday, 18 October 2017, 1:54 pm | Rainbow Confectionery

Kiwi’s need not despair the manufacturing move of our beloved Pineapple Lumps to Aussie shores as Oamaru’s Rainbow Confectionery, makers of the original product, will continue to make our favourite chocolate treat right here in New Zealand. More >>

RESEND: Former PM John Key tapped to take over as ANZ Chair

Wednesday, 18 October 2017, 1:42 pm | BusinessDesk

Oct. 18 (BusinessDesk) - Former Prime Minister John Key will take over as chair of the country's biggest bank, ANZ Bank New Zealand, next year in his second high-profile directorship. More >>

Promapp Ranked #4 in TIN Top Ten Hot Emerging Companies

Wednesday, 18 October 2017, 1:23 pm | Promapp

Promapp Ranked #4 in TIN Top Ten Hot Emerging Companies Auckland, 18 October 2017 – Promapp http://www.promapp.com > , a leading provider of cloud-based business process management (BPM) software, was ranked fourth in the TIN Top Ten Hot Emerging ... More >>

Former PM John Key tapped to take over as ANZ NZ chair

Wednesday, 18 October 2017, 1:21 pm | BusinessDesk

Oct. 18 (BusinessDesk) - Former Prime Minister John Key will take over as chair of the country's biggest bank, ANZ Bank New Zealand, next year in his second high-profile directorship. More >>

Celebrating Chinese Language Week at Russell McVeagh

Wednesday, 18 October 2017, 12:33 pm | Russell McVeagh

Russell McVeagh is marking New Zealand Chinese Language Week with a number of events to raise the profile of the language, business etiquette and culture amongst its staff. More >>

Mercury NZ lifts earnings outlook

Wednesday, 18 October 2017, 12:11 pm | BusinessDesk

Oct. 18 (BusinessDesk) - Mercury NZ, the electricity generator-retailer formerly known as MightyRiverPower, raised its annual earnings guidance as the spell of wet weather boosted generation at its North Island hydro plants. More >>

CricHQ tipped into receivership

Wednesday, 18 October 2017, 11:52 am | BusinessDesk

Oct. 18 (BusinessDesk) - CricHQ, the cloud-based cricket software developer, has been tipped into receivership after failing to convert interest in the product into commercial success. More >>

NZ dollar falls after dairy auction

Wednesday, 18 October 2017, 11:49 am | BusinessDesk

Oct. 18 (BusinessDesk) - The New Zealand dollar fell after prices dropped in the latest dairy auction, prompting ANZ Bank New Zealand to downgrade its milk payout forecast, while gains in the kiwi after stronger inflation data proved to be short-lived. More >>

Company to pay $6000 for poor employment record

Wednesday, 18 October 2017, 11:37 am | Ministry of Business Innovation and Employment

A construction company in Auckland has been penalised $6000 by the Employment Relations Authority (ERA) after a Labour Inspectorate investigation found breaches of record keeping. More >>

Work-Related Serious Non-Fatal Injury Rate Below Target

Wednesday, 18 October 2017, 11:13 am | Statistics New Zealand

Provisional 2016 data showed the rate of work-related serious non-fatal injuries fell to 14.3 per 100,000 full-time equivalent employees (FTEs), Stats NZ said today. This was below the government’s 2020 target (14.5 injuries per 100,000 FTEs). More >>

While you were sleeping: Dow tops 23,000

Wednesday, 18 October 2017, 11:11 am | BusinessDesk

Oct. 18 (BusinessDesk) - Wall Street was mixed, with the Dow rising above 23,000 for the first time as shares of UnitedHealth Group and those of Johnson & Johnson rose after they reported results that beat expectations and upgraded their respective ... More >>

222,000 Passengers Cruise into New Zealand

Wednesday, 18 October 2017, 11:07 am | Statistics New Zealand

New Zealand was visited by 222,000 unique cruise ship passengers in the year ended June 2017, Stats NZ said today. This was down 7 percent from the June 2016 year, but was 14 percent higher than the June 2015 year. The drop from 2016 partly reflected ... More >>

Heli Tours gaining its mark on sustainable tourism

Wednesday, 18 October 2017, 10:53 am | Heli Tours

Queenstown commercial scenic flight provider Heli Tours Queenstown is celebrating after being recognized as one of the highest-quality, safe and sustainable tourism businesses in the country. More >>

FMA allows personalised robo-advice

Wednesday, 18 October 2017, 10:49 am | Financial Markets Authority

FMA allows personalised robo-advice; applications open early 2018 Consultation to follow on draft exemption notice More >>

Job advertisements rise slightly in September 2017

Wednesday, 18 October 2017, 10:35 am | Ministry of Business Innovation and Employment

The number of online job advertisements remained steady with an increase of 0.4 per cent in September 2017 and 9.6 per cent over the year, according to the latest Ministry of Business, Innovation and Employment (MBIE) Jobs Online report. More >>

Cash for CAB in Commission settlement with Tower

Wednesday, 18 October 2017, 10:32 am | Commerce Commission

The Citizens Advice Bureau will receive approximately $75,000 as part of a settlement agreed between the Commerce Commission and Tower Insurance (Tower). More >>

Fintel customers may be entitled to refund

Wednesday, 18 October 2017, 10:22 am | Tower Insurance

In March 2016 Tower reported an error in calculating multi-policy discounts. Following this, steps were immediately taken to correct the error, with affected customers notified and offered a refund. More >>

Preparing for the coming wave of retirement

Wednesday, 18 October 2017, 10:17 am | Xero

A recent Xero survey found that almost 10 percent of New Zealand business owners would like to retire in the next year, with very few of these businesses having a plan in place of how to prepare for selling their business. More >>

Radical Generosity Funding To Support Female-Led Companies

Wednesday, 18 October 2017, 10:08 am | SheEO

A disruptive economic model created by SheEO.World designed to actively support a small number of women-led ventures with no-interest loans, launches in New Zealand today. More >>