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Latest Business Headlines [Page 2]

Canterbury claimants should contact insurer

Thursday, 17 August 2017, 2:13 pm | Insurance Council

The Insurance Council of New Zealand (ICNZ) today urged residential Canterbury customers to contact their insurer if they have an outstanding 2010/2011 earthquake claim and are unsure on how the Limitation Act will affect them. Back in 2015, ICNZ advised ... More >>

Fish & Game announces new Chief Executive

Thursday, 17 August 2017, 2:12 pm | Fish and Game New Zealand

Fish & Game has appointed Martin Taylor to take over as Chief Executive from the organisation’s long serving head, Bryce Johnson More >>

Transpower releases 2016/17 annual result

Thursday, 17 August 2017, 2:07 pm | Transpower

Transpower New Zealand today released its annual results for the 2016/17 financial year. Revenue increased to $1,061.1 million, up 3% from 2015/16. The increase was a result of uplifts to the inputs used in the calculation of our allowable transmission ... More >>

Registrar of Companies prohibits 38 people being directors

Thursday, 17 August 2017, 2:04 pm | Ministry of Business Innovation and Employment

The Registrar of Companies prohibited 38 people from being directors of limited liability companies in the 2016/17 financial year. More >>

NZ’s digital divide now on display

Thursday, 17 August 2017, 1:48 pm | InternetNZ

A new map that clearly shows where digital divides exist in New Zealand is now available. InternetNZ has teamed up with the 20/20 Trust to build an interactive map called the Digital Divide Map - which shows the different digital divides facing New Zealanders ... More >>

Freightways buys Australian medical waste service

Thursday, 17 August 2017, 1:28 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Freightways has snapped up Australian State Waste Services and its related entities, a group that provides medical waste services in Sydney and surrounding regional areas, for an initial payment of A$6 million and said it ... More >>

NZ Construction Industry forecasts sustainable growth

Thursday, 17 August 2017, 1:24 pm | Hays

Over half of New Zealand's building industry workers can expect a salary increase of up to 5% in the year ahead, according to the 2017 Hays Construction & NZIOB (New Zealand Institute of Building) Salary Guide. More >>

Be in to win prizes by recycling your oral care waste

Thursday, 17 August 2017, 1:13 pm | TerraCycle

Local schools, non for profit clubs and community groups are invited to take part in in the Colgate Better World Recycling Project for their chance to win prizes simply by collecting oral care waste. More >>

Precinct Properties lifts FY profit 17%

Thursday, 17 August 2017, 1:12 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Precinct Properties New Zealand, the listed commercial property investor, increased annual profit 17 percent and was positive about the current financial year as it completes its development pipeline. It's also considering ... More >>

Skellerup lifts annual profit 8% on water focus

Thursday, 17 August 2017, 1:11 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Skellerup Holdings lifted annual profit 8 percent as the rubber goods manufacturer reaped the benefits from refocusing its industrial unit away from the volatile oil and iron ore industries and into the potable water market, ... More >>

Former Mt Eden prison inmate sues Serco for $500,000

Thursday, 17 August 2017, 1:09 pm | BusinessDesk

Aug. 17 (BusinessDesk) - Former Mt Eden remand prison inmate Alex Littleton is suing Serco New Zealand for half a million dollars, claiming the private prison manager was derelict in its duty of care, enabling two assaults on him, one of which saw ... More >>

Tony Gray appointed interim chairman of Eastland Group

Thursday, 17 August 2017, 12:56 pm | Eastland Group

After eight years as chairman of Eastland Group - the Gisborne-based infrastructure company that runs Eastland Network, Eastland Port, Gisborne Airport and Eastland Generation - Nelson Cull officially stepped down at the AGM yesterday. At the same ... More >>

Housing crisis costs the average worker $1000 in tax

Thursday, 17 August 2017, 12:50 pm | ACT New Zealand

“When the Government is buying up motels , you know the housing market has gone mad,” says ACT Leader David Seymour. More >>

Commitment to TPP11 applauded

Thursday, 17 August 2017, 12:48 pm | Business NZ

New Zealand’s mandate to negotiate for the new Trans Pacific Partnership (TPP11) is good news, says ExportNZ. More >>

Hyundai and St John continue essential partnership

Thursday, 17 August 2017, 12:31 pm | Hyundai

Hyundai and St John continue their 12 year partnership in support of New Zealand communities with the handover of a Hyundai iMax Health Shuttle van. More >>

How PSA infected pollen spread in New Zealand

Thursday, 17 August 2017, 12:06 pm | The Kiwifruit Claim

The High Court in Wellington has heard evidence from pollen importers, Kiwi Pollen, who imported the shipment of anthers and plant material that is the subject of the trial seeking to hold the Government to account for the losses incurred during the ... More >>

Mastercard Reminds Kiwis to Manage their Finances Wisely

Thursday, 17 August 2017, 11:52 am | Mastercard

Auckland, New Zealand – 17 August 2017 – This Money Week, the vast majority of New Zealanders are thinking about saving, retirement and planning ahead, according to the latest research from Mastercard. Mastercard’s biannual research on money ... More >>

NZ dollar gains as Fed minutes show inflation view split

Thursday, 17 August 2017, 11:39 am | BusinessDesk

Aug. 17 (BusinessDesk) - The New Zealand dollar gained as minutes of the last Federal Reserve policy meeting showed some concern that inflation isn't as strong as expected, although policymakers appear committed to unwinding the Fed's massive balance sheet. More >>

Meat & Dairy Drive Producer Prices

Thursday, 17 August 2017, 11:39 am | Statistics New Zealand

17 August 2017 - Higher prices for lamb, beef, and dairy products helped lift prices received by manufacturers, but they also paid more for raw products and power, Stats NZ said today. More >>

NZ Q2 Producer Price Index Release

Thursday, 17 August 2017, 11:15 am | HiFX

The NZ Q2 Producers Price Index (PPI) for has just been released. The PPI came in better than expected. NZ PPI Q2 (compared with Q1): PPI Inputs +1.4% Consensus +0.9% PPI Outputs +1.3% Consensus +0.7% The NZD-USD is little moved in immediate response. ... More >>

While you were sleeping: Fed inflation worries deepen

Thursday, 17 August 2017, 11:12 am | BusinessDesk

Aug. 17 (BusinessDesk) - Wall Street inched higher, while the US dollar fell as minutes from the latest Federal Reserve meeting showed an increased concern about tame inflation, prompting questions whether the central bank will increase interest rates again this ... More >>

Freightways Acquires Australian Medical Waste Company

Thursday, 17 August 2017, 10:44 am | Freightways

Freightways Limited (Freightways) has diversified its presence in the Australian market with the purchase of the business and assets of State Waste Services (Australia) Pty Ltd and its related entities (collectively, SWS). SWS provides medical waste ... More >>

Sharesies $1m Media Release

Thursday, 17 August 2017, 10:41 am | Sharesies

New online investment platform, Sharesies has had $1million dollars invested through the platform, after just 8 weeks. And this isn’t just from wealthy individuals, it’s mostly from 3,500 people putting in small amounts on a regular basis. Sharesies ... More >>

Airport welcomes direct flights on Manila to Auckland route

Thursday, 17 August 2017, 10:37 am | Auckland Airport

Auckland Airport has welcomed the announcement by Philippine Airlines that it will introduce a direct flight on its Manila to Auckland route. More >>

NZ Construction Industry forecasts sustainable growth

Thursday, 17 August 2017, 10:30 am | NZ Institute of Building

Over half of New Zealand's building industry workers can expect a salary increase of up to 5% in the year ahead, according to the 2017 Hays Construction & NZIOB (New Zealand Institute of Building) Salary Guide. Released today, the Guide also ... More >>

Not all bonds are equal – FMA survey

Thursday, 17 August 2017, 8:49 am | Financial Markets Authority

Over 1 million New Zealanders have more than $15 billion invested in conservative or default KiwiSaver funds, mostly invested in fixed-interest assets, including bonds. However, only four in ten KiwiSaver members surveyed by the FMA knew that that most ... More >>

Under-used over-55s can bridge skills gaps

Thursday, 17 August 2017, 8:37 am | Wise Ones

Wise Ones, the online service helping people over the age of 55 find employment, is calling on all employers to look more seriously at taking on older workers More >>

HiFX Morning Update, August 17 2017

Thursday, 17 August 2017, 8:27 am | HiFX

The NZDUSD opens at 0.7317 (mid-rate) this morning. This morning’s FOMC meeting minutes have shown there is a growing split between policy makers on the timing of future interest rate hikes, with some officials arguing that the FOMC “could afford ... More >>

MARKET CLOSE: NZ shares rise, lead by ANZ, CBL

Wednesday, 16 August 2017, 8:34 pm | BusinessDesk

MARKET CLOSE: NZ shares rise, lead by ANZ, CBL; Fletcher Building gains despite profit plunge More >>

NZ dollar little changed after dropping overnight

Wednesday, 16 August 2017, 8:15 pm | BusinessDesk

Aug. 16 (BusinessDesk) - The New Zealand dollar was little changed in Asia after falling sharply overnight when US retail sales data propelled the greenback higher. More >>

Abano's dissident shareholders to exit in discounted trade

Wednesday, 16 August 2017, 8:14 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Abano Healthcare is set to see the backs of dissident shareholders Peter and Anya Hutson and James Reeves, who plan to dump their collective 19 percent stake in the medical specialist investor for about $36.7 million. More >>

Labour's water tax wrong to target irrigators, says lobby

Wednesday, 16 August 2017, 8:12 pm | BusinessDesk

Aug. 16 (BusinessDesk) - The Labour Party's proposal to tax water used for irrigation will fail because lakes and rivers most in need of freshwater clean-ups have low levels of irrigation, says Irrigation New Zealand. More >>

Colonial Motor Co lifts annual profit 4.2%

Wednesday, 16 August 2017, 8:11 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Colonial Motor Co, which listed on the NZ stock exchange in 1962, lifted annual profit 4.2 percent as the motor vehicle distributor continued to enjoy the nation's car sales boom. More >>

UPDATE: Fletcher chair Norris hints at board refresh

Wednesday, 16 August 2017, 8:09 pm | BusinessDesk

UPDATE: Fletcher chair Norris hints at board refresh after year of nil return to shareholders More >>

AFT shares drop 6.3% after ticking off

Wednesday, 16 August 2017, 8:08 pm | BusinessDesk

Aug. 16 (BusinessDesk) - AFT Pharmaceutical shares dropped 6.3 percent on very thin volumes after the maker of Maxigesic was one of two companies warned by the Commerce Commission over the marketing and packaging of painkillers. More >>

Fairfax's Hywood upbeat on NZ business

Wednesday, 16 August 2017, 8:07 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Fairfax Media Group chief executive Greg Hywood is optimistic about the outlook for the New Zealand division as the now-profitable hyper-local Neighbourly website breaks ground with a growing number of real estate listings. More >>

Tenths Trust fraudster Ngatata Love to be paroled in October

Wednesday, 16 August 2017, 8:04 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Former Treaty of Waitangi claims negotiator Ngatata Love will be released on parole in October, having served less than half of his jail term for taking a secret payment of $1.5 million while chairman of the Wellington Tenths ... More >>

Silver Fern Farms Announce Winners

Wednesday, 16 August 2017, 4:33 pm | Silver Fern Farms

Silver Fern Farms Announce Winners of the Inaugural Plate to Pasture Youth Scholarships Wednesday 16 August: Silver Fern Farms has awarded six Plate to Pasture Youth Scholarships to an exciting group of young people from around New Zealand who are developing their ... More >>

Invocare lifts NZ 1H earnings 21% as volumes increase

Wednesday, 16 August 2017, 3:57 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Invocare, the largest private funeral, cemetery and cremation operator in the Asia Pacific region, lifted its first-half earnings in New Zealand by 21 percent, assisted by a rising death rate. More >>

Fairfax's NZ annual earnings fall 7.7%

Wednesday, 16 August 2017, 3:37 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Fairfax Media Group's New Zealand business, which is appealing a rejection of a proposed merger with rival NZME, posted a 7.7 percent fall in annual earnings as print advertising revenue shrank faster than the newspaper and online ... More >>

$1,500 fine for failing to install smoke alarms

Wednesday, 16 August 2017, 3:24 pm | Ministry of Business Innovation and Employment

An Auckland boarding house operator has been fined $1,500 by the Tenancy Tribunal for failing to meet mandatory smoke alarm requirements after a box of unused smoke alarms was found under a Titirangi boarding house following a fire. The landlord ... More >>

Farmer candidates sought for DairyNZ elections

Wednesday, 16 August 2017, 3:18 pm | Dairy NZ

Farmer candidates sought for DairyNZ elections Candidate nominations opened this week for farmer-elected roles on the DairyNZ board and Directors Remuneration Committee. This year two farmer positions on the Board of Directors are available, along with ... More >>

CropLogic says A$8 million share offer fully subscribed

Wednesday, 16 August 2017, 3:16 pm | BusinessDesk

Aug. 16 (BusinessDesk) - CropLogic, the agricultural technology company which counts Powerhouse Ventures and the New Zealand Venture Investment Fund as shareholders, says its A$8 million initial public offering was fully subscribed and it is now set ... More >>

GLAM role for Callaghan Innovation customer Dexibit

Wednesday, 16 August 2017, 2:26 pm | Callaghan Innovation

Callaghan Innovation has applauded the success of one of its customers, Dexibit, which today announced a collaboration with London’s National Gallery. More >>

Accommodation network appoints new Director

Wednesday, 16 August 2017, 2:25 pm | Look After Me

Rotorua-founded business, Look After Me, has announced the appointment of a new Director with effect from 1 August 2017. More >>

Minister wants NZVIF's Seed fund to deliver better returns

Wednesday, 16 August 2017, 2:20 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Economic Development Minister Simon Bridges wants the New Zealand Venture Investment Fund to deliver bigger returns under a new investment framework for the Seed Co-investment Fund that will let the early-stage investor ... More >>

NZ Post set up its fastpost service to fail

Wednesday, 16 August 2017, 2:19 pm | Postal Workers Union

By putting up the price of fastpost last month without any apparent commitment to correct its service failures, NZ Post effectively set up fastpost for failure. More >>

Farm sales volume drop as winter bites

Wednesday, 16 August 2017, 2:16 pm | Business New Zealand

Aug. 16 (BusinessDesk) - Fewer farms were sold in the three months through July as difficult winter conditions dented activity, although prices lifted due to improved farmer confidence, the Real Estate Institute said. More >>

Read, ask, disclose: Money Week tips

Wednesday, 16 August 2017, 2:12 pm | Money Week

Read and understand now, and avoid problems later, says Karen Stevens, Insurance & Financial Services Ombudsman. More >>

Fletcher chair Norris hints at board refresh

Wednesday, 16 August 2017, 2:08 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Fletcher Building chairman Ralph Norris says the board will be refreshed as part of the normal rotation of directors and appointees will be sought with construction experience but he stopped short of accepting responsibility for ... More >>

IkeGPS announces share placement to existing Australian

Wednesday, 16 August 2017, 1:51 pm | BusinessDesk

Aug. 16 (BusinessDesk) - IkeGPS, the laser measurement toolmaker, said it has received firm expressions of interest from existing Australian and New Zealand institutional and wholesale investors for a share placement. More >>

Commission issues warnings to GSK and AFT

Wednesday, 16 August 2017, 12:50 pm | Commerce Commission

The Commerce Commission has warned Glaxosmithkline Consumer Healthcare New Zealand Limited (GSK) and AFT Pharmaceuticals Limited (AFT) that the companies’ product packaging and marketing representations for some Voltaren, Panadol and Maxiclear ... More >>

What does debt do for you?

Wednesday, 16 August 2017, 12:08 pm | Money Week

02 Aug 2017 - The Banking Ombudsman Scheme is pleased to support Money Week 2017. This year Money Week runs from 14 - 20 August 2017 with the theme ‘what does debt do for you’? More >>

Synlait boosts supply deal with Chinese formula brand

Wednesday, 16 August 2017, 12:05 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Synlait Milk, the NZX-listed milk processor, will triple its infant formula supply with Sichuan-based New Hope Nutritionals over the next five years in a new deal with the Chinese company. More >>

Vodafone named fastest mobile and fixed network operator

Wednesday, 16 August 2017, 12:04 pm | Vodafone

Vodafone New Zealand has won the 2017 Speedtest Award for the fastest mobile and fixed network speeds in the country. More >>

FIRST CUT: Fletcher posts 23% drop in operating earnings

Wednesday, 16 August 2017, 12:02 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Fletcher Building reported a 23 percent drop in full-year operating earnings, in line with its profit warning last month when the building products and construction company fired its chief executive, and said operating cash ... More >>

Kristen Kohere-Soutar appointed to Mercer New Zealand

Wednesday, 16 August 2017, 11:37 am | Mercer

Mercer is pleased to announce the addition of a new independent non-executive director, Kristen Kohere-Soutar, to its New Zealand Board, with effect from 9 August, 2017. More >>

NZ dollar falls after stronger US data

Wednesday, 16 August 2017, 11:25 am | BusinessDesk

Aug. 16 (BusinessDesk) - The New Zealand dollar fell after stronger-than-expected US retail sales lifted the greenback and prices fell in the GlobalDairyTrade auction overnight. More >>

Inflation targeting practices similar across central banks

Wednesday, 16 August 2017, 11:18 am | Reserve Bank

Inflation targeting practises are similar across many central banks despite significant differences in their formal frameworks, says the Reserve Bank in its latest Bulletin article published today. More >>

Big corporates seek lower tax rate

Wednesday, 16 August 2017, 11:10 am | BusinessDesk

Aug. 15 (BusinessDesk) - Some of New Zealand's largest companies are calling on any future government to lower the corporate tax rate, which is becoming high compared to other countries, and a "New Zealand first" approach to cross-border finance arrangements ... More >>