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Latest Business Headlines [Page 3]

Century 21 listings up a staggering 35%

Monday, 20 February 2017, 4:22 pm | Century 21 Real Estate

Century 21 New Zealand says its number of residential listings nationwide is up a staggering 35.92% compared to the same day last year. More >>

Tech capital of NZ recruiting talent

Monday, 20 February 2017, 4:21 pm | LookSee

LookSee Wellington , a new global talent search initiative that aims to address the city’s IT skills shortage and position the industry for further growth, is now accepting registrations from talented tech professionals from around the globe. More >>

Spark partners with Enable to trial ‘street in a week’

Monday, 20 February 2017, 4:03 pm | Spark

Spark partners with Enable to trial ‘street in a week’ fibre broadband installations in Christchurch More >>

Maori and Mana parties agree election tactics deal

Monday, 20 February 2017, 3:45 pm | BusinessDesk

Feb. 20 (BusinessDesk) - The Maori and Mana parties have sealed a long-expected tactical arrangement to try and ensure that both parties win at least one Maori electorate each in the Sept. 23 general election. More >>

Young farmers urged to upskill to navigate changing agricult

Monday, 20 February 2017, 3:44 pm | Rabobank

The New Zealand agricultural sector is facing considerable change in 2017 and strong business management skills are needed if farmers are to secure a successful future for their business, the head of Rabobank New Zealand has told farmers. More >>

CORRECT: Kiwibank first-half profit falls 11% on funding

Monday, 20 February 2017, 3:43 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Kiwibank Banking Group, the state-owned lender, posted an 11 percent drop in first-half profit as the costs of funding, infrastructure investment and the Kaikoura earthquake weighed on earnings. More >>

UPDATE: Freightways 1H profit rises 22%

Monday, 20 February 2017, 3:41 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Freightways, which has posted earnings growth every year except one since listing in 2003, says it expects the trend to continue through 2017 although the benefits of restructuring won't show up until the following year. More >>

Heartland Bank takes stake in online SME lender Fuelled

Monday, 20 February 2017, 3:40 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Heartland Bank has bought 25 percent of online lender Fuelled for an undisclosed sum, giving it more exposure to online small-to-medium (SME) business lending. More >>

Spark NZ seeks court-ordered brief delay on Sky/Voda tie-up

Monday, 20 February 2017, 3:38 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Spark New Zealand is one of several parties seeking a court order to delay a merger between rival Vodafone New Zealand and pay-TV operator Sky Network Television if the regulator signs off on the deal this week. More >>

Young Vit Leadership Week kicks off in Martinborough

Monday, 20 February 2017, 2:27 pm | Young Viticulturist of the Year

Every two years, the last two winners of the Bayer Young Viticulturist of the Year competition embark on an amazing week meeting some of New Zealand’s top wine industry leaders as well as those from other industry sectors. It is a fantastic opportunity ... More >>

NZ services sector sees growth in January

Monday, 20 February 2017, 2:18 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, rose last month to a near-record, with ongoing strength in wholesale, retail and hospitality. More >>

NZ Steel returns to profit in first half

Monday, 20 February 2017, 2:17 pm | BusinessDesk

Feb. 20 (BusinessDesk) - A cost reduction drive, higher global steel prices, and synergies between recently acquired Pacific Steel and the New Zealand Steel plant at Glenbrook have seen a strong return to operating profit for Australian steelmaker ... More >>

Kiwibank first-half profit falls 13% on funding

Monday, 20 February 2017, 2:16 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Kiwibank Banking Group, the state-owned lender, posted a 13 percent drop in first-half profit as the costs of funding, infrastructure investment and the Kaikoura earthquake weighed on earnings. More >>

NZ producer input, output prices still lifted by milk prices

Monday, 20 February 2017, 2:14 pm | BusinessDesk

Feb. 20 (BusinessDesk) - New Zealand producer input and output prices rose in the fourth quarter once again lifted largely by rising milk prices. More >>

Freightways 1H profit rises 22%

Monday, 20 February 2017, 2:12 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Freightways posted a 22 percent gain in first-half profit, driven by growth in its express package & business mail division, which made up for a drop in earnings from information management. More >>

It’s time to support the employers of tomorrow

Monday, 20 February 2017, 2:04 pm | Entrepreneurs Organisation Auckland

Facebook was started in a dorm room and has since revolutionised the way people communicate and stay in touch. It has created numerous jobs and changed the online environment to become what we know today. But Facebook isn’t the only ‘students in business’ ... More >>

Simpson Grierson expands health and safety services

Monday, 20 February 2017, 1:58 pm | Simpson Grierson

Fiona Carney has joined Simpson Grierson as a senior consultant in its fast-growing health and safety advisory business. More >>

Cyber risk remains a key focus for directors

Monday, 20 February 2017, 1:46 pm | Institute Of Directors

Directors perceive cyber-attacks to be the biggest threat to New Zealand businesses in 2017, with 79% of those surveyed rating the impact on their organisations strategic growth, operational efficiency and legal/ contractual compliance as medium or high. More >>

NZ roundwood log prices jump to a record

Monday, 20 February 2017, 1:40 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Strong domestic building activity combined with buoyant horticulture and viticulture industries has pushed up the price of roundwood logs to a record. More >>

NZ Post 1H profit drops 19% on reduced Kiwibank contribution

Monday, 20 February 2017, 1:05 pm | BusinessDesk

Feb. 20 (BusinessDesk) - New Zealand Post's first-half profit dropped 19 percent after the sale of almost half its stake in Kiwibank reduced income and as revenue from traditional postal services continued to decline. More >>

ASB to offer up to $100m of five-year fixed rate notes

Monday, 20 February 2017, 12:52 pm | BusinessDesk

Feb. 20 (BusinessDesk) - ASB Bank is offering up to $100 million of listed fixed rate notes with a maturity date of Feb. 24, 2022 and it can accept unlimited oversubscriptions at its discretion. More >>

Employment Relations Authority Determinations - 20 February

Monday, 20 February 2017, 12:46 pm | Ministry of Business Innovation and Employment

The latest Employment Relations Authority determinations are now available on the Employment New Zealand website . More >>

Chorus beats first-half profit expectations

Monday, 20 February 2017, 12:42 pm | BusinessDesk

Feb. 20 (BusinessDesk) - Chorus beat first-half profit expectations and raised its forecast for annual earnings as the telecommunications network operator benefited from the increase in regulated prices on its copper lines, even as connection numbers ... More >>

KGH & Kiwibank results for the six months ending 31 Dec 2016

Monday, 20 February 2017, 12:19 pm | Kiwibank

Kiwi Group Holdings (KGH) which includes Kiwibank, Kiwi Wealth, Kiwi Insurance and New Zealand Home Loans, has made a profit after tax of $65 million for the six months ending 31 December 2016, compared with $73 million for the same 6 month period in 2015[1]. More >>

3 Wins Friday & Saturday Night, Project to Launch Tonight

Monday, 20 February 2017, 12:06 pm | Mediaworks

Friday saw Three win the night in three key commercial demographics (25-54, 18-49 & HHS wk 0-14), with the night’s movie - Indiana Jones And The Kingdom Of The Crystal Skull winning its timeslot in all four demographics - 25-54, 18-39, 18-49 ... More >>

Feds’ Warn Farmers to Observe Fire Bans

Monday, 20 February 2017, 11:58 am | Federated Farmers

Federated Farmers is reminding Canterbury farmers to observe their local rural authority’s Fire Ban. More >>

NZ dollar falls as Fed minutes loom

Monday, 20 February 2017, 11:56 am | BusinessDesk

Feb. 20 (BusinessDesk) - The New Zealand dollar fell ahead of minutes of the latest Federal Open Market Committee meeting and as investors weighed the competing forces of a robust local economy and optimism about the outlook for the US. More >>

Spark NZ Seeks Short-Term Pause

Monday, 20 February 2017, 11:51 am | Spark NZ

Pause would enable time for all parties to fairly consider their legal options before merger became a fait accompli More >>

36 hours of scrutiny essential on Vodafone-Sky merger

Monday, 20 February 2017, 11:46 am | Internet NZ

InternetNZ has advised the High Court it supports telecommunications companies’ requests to delay the proposed merger between Vodafone New Zealand and Sky Network Television by 36 hours, in the event this merger is allowed to proceed by the Commerce ... More >>

Deadlines for new food safety law coming up

Monday, 20 February 2017, 11:15 am | Ministry of Primary Industries

The deadline for some businesses to register under the new Food Act is coming up. Food businesses, including restaurants and cafes with an alcohol licence, need to apply by 31 March. More >>

World Week Ahead: Fed minutes, Trump rally

Monday, 20 February 2017, 11:15 am | BusinessDesk

Feb. 20 (BusinessDesk) - As Wall Street continues to scale fresh record highs, investors will eye minutes of the latest Federal Open Market Committee meeting for more insight on the probability of an interest rate increase at the March meeting. More >>

FMA publishes its first Conduct Outcomes Report

Monday, 20 February 2017, 11:02 am | Financial Markets Authority

The Conduct Outcomes Report 2016 highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016. More >>

Milk prices continue to drive producer prices

Monday, 20 February 2017, 10:59 am | Statistics New Zealand

Producer output prices rose 1.5 percent in the December 2016 quarter, and producer input prices rose 1.0 percent, Statistics New Zealand said today. More >>

BNZ - BusinessNZ PSI - January 2017

Monday, 20 February 2017, 10:58 am | BNZ BusinessNZ Performance of Services Index

New Zealand’s services sector experienced ongoing expansion during January to start 2017 on a very positive note, according to the BNZ - BusinessNZ Performance of Services Index (PSI). The PSI for January was 59.5. This was 1.0 point up from ... More >>

Starts Submission on proposed designations of shares as MIPs

Monday, 20 February 2017, 10:48 am | Wynn Williams

Wynn Williams Partner Hayley Buckley has made a joint submission to the FMA on their proposed designation of shares as managed investment products. More >>

ASB Housing Confidence Survey - Price expectations cool

Monday, 20 February 2017, 9:54 am | ASB Bank

Buyer sentiment has improved in the ASB Housing Confidence Survey, but ultimately, New Zealanders still think it’s a bad time to buy a house. More >>

NZ Post posts strong interim result

Monday, 20 February 2017, 9:52 am | NZ Post

NZ Post (not including Kiwibank) today reported underlying net profit after taxation (NPAT) of $14 million for the six months to December 2016. More >>

HiFX Morning Update, February 20 2017

Monday, 20 February 2017, 8:36 am | HiFX

The NZDUSD opens at 0.7188 (mid-rate) this morning. In what was subdued trading on Friday ahead of the US long weekend the NZD drifted lower against all its major rivals. More >>

HR health check for business launched

Sunday, 19 February 2017, 10:38 pm | Dough HR

Human resources consultancy, Dough HR, says small and medium-sized businesses need just as much human resources support and assistance as the big guys. Hence, they’ve recently launched a health check service which is already proving popular. More >>

Northland second highest volume growth in NZ

Sunday, 19 February 2017, 12:54 pm | Northland Inc

Visitors streamed into Northland in record numbers in November, with the region recording the second highest volume growth for guest nights in the country and double the national growth rate. More >>

Registrations now open for Hutt STEMM Festival 2017

Saturday, 18 February 2017, 3:22 pm | Hutt City Council

The Hutt STEMM Festival, in its third year, educates, inspires and showcases Lower Hutt’s strengths in science, technology, engineering, mathematics and manufacturing (STEMM). More >>

Kraft Heinz & Unilever: Falling Sterling

Saturday, 18 February 2017, 1:21 pm | ThinkMarkets

The world’s 5th biggest consumer food firm, Kraft Heinz had another attempt today to acquire the world’s 3rd biggest consumer food firm, Unilever. For now, we are safe, Unilever has refused, but this may be nothing but another tactic from their ... More >>

$215,000 – median annual increase in Auckland’s Top 20

Saturday, 18 February 2017, 11:39 am | Barfoot and Thompson

North Shore and coastal areas dominate this list featuring 6 and 12 times, respectively In Auckland’s ‘top 20’ suburbs the median sales price* was up $215,000 (24%) in 2016 from the year before, according to the latest list of real estate ‘hot ... More >>

MARKET CLOSE: NZ shares down

Friday, 17 February 2017, 9:16 pm | BusinessDesk

MARKET CLOSE: NZ shares down, Spark, Sky TV continue losses while Auckland Airport gains on earnings More >>

NZ house price growth to 'slow sharply'

Friday, 17 February 2017, 9:15 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The New Zealand housing market is in for a "pronounced and overdue slowdown", with national house price inflation forecast to fall to around 5 percent a year, says one of the world's top three credit rating agencies, ... More >>

NZ dollar ekes out weekly gain as greenback falls

Friday, 17 February 2017, 9:14 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The New Zealand dollar eked out a 0.2 percent gain against the US dollar over the week, largely on the back of a softer greenback as markets remain jittery about US President Donald Trump's policies. More >>

Lion to pay up to $25.1 million for "runaway train" Panhead

Friday, 17 February 2017, 9:13 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Lion - Beer, Spirits & Wine (NZ), the local unit of Japanese brewer Kirin Holdings, will pay as much as $25.1 million for its newly acquired Panhead Custom Ales craft beer brand, which the local head has described as a "runaway ... More >>

Millennium & Copthorne Hotels posts $40M profit

Friday, 17 February 2017, 9:12 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, the hotel operator and property developer, nearly doubled profit in 2016, while CDL Investments, the residential property developer it controls, lifted net profit 55 percent in the ... More >>

NZ and Aussie trade deals needed as proof EU can do them

Friday, 17 February 2017, 9:10 pm | BusinessDesk

NZ and Aussie trade deals needed as proof EU can do them: Hungarian foreign minister More >>

Labour promises $20M for Gisborne timber processing

Friday, 17 February 2017, 5:29 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The Labour Party is pledging up to $20 million, if elected, to support the region's timber processing sector, possibly by helping fund a prefabricated housing plant. More >>

Normalising ‘massive’ computing an aim of Multicore World

Friday, 17 February 2017, 5:08 pm | Multicore World

The terms Big Data, Internet of Things, Artificial Intelligence, Precision Agriculture, Industry 4.0 and Personalised Medicine are bandied about as if everyone understanding them. More >>

Financial advisers and service providers consultation

Friday, 17 February 2017, 5:03 pm | Chapman Tripp

More detail on the new regime for financial advisers and service providers is now available, with today's publication of the exposure draft of the Financial Services Legislation Amendment Bill and a consultation document by the Ministry of Business, ... More >>

UPDATED: Auckland Airport's reponse to rapid growth

Friday, 17 February 2017, 4:25 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Auckland International Airport broadly met analyst expectations with a 19 percent gain in first-half profit although analysts and investors see some speed wobbles as New Zealand's busiest gateway responds to surging passenger growth. More >>

RBNZ, Treasury talk up global economic risks

Friday, 17 February 2017, 4:16 pm | BusinessDesk

Feb. 17 (BusinessDesk) - The Reserve Bank and the Treasury warned incoming Finance Minister Steven Joyce about the international threats posed to New Zealand's economy, which they both saw as being relatively robust. More >>

Michael Hill lifts 1H profit 3.4%

Friday, 17 February 2017, 3:52 pm | BusinessDesk

Feb. 17 (BusinessDesk) - Michael Hill International, the jewellery chain business founded by its namesake, posted a 3.4 percent increase in first-half profit as it opened more stores. More >>

Robert (Bob) Lupton Awarded TrackSAFE NZ Award

Friday, 17 February 2017, 3:23 pm | Tracksafe Foundation

Rail industry safety expert Robert (Bob) Lupton was today announced as the inaugural winner of the TrackSAFE NZ Safety Leadership Award. More >>

Have your say on financial advice legislation

Friday, 17 February 2017, 3:10 pm | Commission for Financial Capability

A draft bill to improve the regulation of financial advice has been published for consultation. More >>

New 5-star hotel to meet growing demand at Auckland Airport

Friday, 17 February 2017, 3:09 pm | Auckland Airport

Auckland Airport and Tainui Group Holdings have announced an agreement to develop a new 5-star hotel adjacent to Auckland Airport’s international terminal and the existing 4-star Novotel hotel. The new premium 250-room hotel will be operated by ... More >>

New Arts major focuses on top job employability

Friday, 17 February 2017, 3:00 pm | University of Auckland

Communication across our culture, both in personal and professional life, has never been more dynamic and the potential for top careers for well-trained people is huge. The University of Auckland’s Faculty of Arts is meeting the needs of this fast-changing ... More >>

New Zealand's manufacturing activity slips in January

Friday, 17 February 2017, 2:44 pm | BusinessDesk

Feb. 17 (BusinessDesk) - New Zealand's manufacturing activity slipped in January from December and there may be further headwinds to come as the building sector's momentum loses some of its 'oomph'. More >>


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