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Latest Business Headlines [Page 3]

Draft decision to approve Wellington conductor replacement

Wednesday, 15 August 2018, 11:15 am | Commerce Commission

The Commerce Commission has released its draft decision proposing to approve $23.5 million for Transpower to replace the conductors (overhead wires) and strengthen the structures of a 9.5km section of its high voltage direct current (HVDC) transmission ... More >>

Subsidised broadband Spark Jump

Wednesday, 15 August 2018, 11:09 am | Spark Foundation

Today Spark Foundation and Web Access Waikato Trust have announced that subsidised broadband is now reaching more families across the Waikato in Morrinsville, Mangakino, Te Aroha, Paeroa, Huntly, Te Kauwhata, Meremere and Hamilton enabling more students ... More >>

Gender pay gap is second-smallest

Wednesday, 15 August 2018, 11:08 am | Statistics New Zealand

The gender pay gap was 9.2 percent in the June 2018 quarter, Stats NZ said today. More >>

The Warehouse leaps into the AI future with Google

Wednesday, 15 August 2018, 11:03 am | The Warehouse

The Warehouse has launched a new ‘Snap and Shop’ feature on its mobile app allowing people to take photos of items they like on their smartphones and instantly match them with thousands of available products in its catalogue. More >>

Infratil and Mercury full takeover offer for Tilt Renewables

Wednesday, 15 August 2018, 10:55 am | Infratil

15 August 2018 Infratil Limited and Mercury NZ Limited today announced their intention to make an offer to acquire 100% of the fully paid ordinary shares in Tilt Renewables Limited for NZ$2.30 per share. More >>

Judgment: Feltex IPO Prospectus

Wednesday, 15 August 2018, 10:50 am | NZ Supreme Court

This summary is provided to assist in the understanding of the Court’s judgment. It does not comprise part of the reasons for that judgment. The full judgment with reasons is the only authoritative document. The full text of the judgment and reasons ... More >>

Report on responsible camping recommendations positive

Wednesday, 15 August 2018, 10:42 am | Tourism Industry Aotearoa

The Government’s plans to manage responsible camping recognise there are no simple answers, and will build on work the industry has already undertaken, Tourism Industry Aotearoa says. More >>

Draft report on review of Fonterra’s 2017/18 base milk price

Wednesday, 15 August 2018, 10:18 am | Commerce Commission

The base milk price is the average price that Fonterra pays farmers for raw milk, which was set at $6.75 per kilogram of milk solids for the season just ended. More >>

New owners poised to scoop up landmark takeaway

Wednesday, 15 August 2018, 10:15 am | Bayleys

A ‘landmark’ suburban fish and chip shop and restaurant which has a long history of serving up deep fried delicacies has been placed on the market for sale. More >>

First half revenue grows 18% and earnings improve

Wednesday, 15 August 2018, 10:02 am | Wellington Drive Technologies

Wellington Drive Technologies (WDT), a leading provider of Internet of Things (“IoT”) solutions and energy efficient motors to the retail food and beverage industry, today announced strong financial results for the six months ended 30 June 2018. More >>

Bar high for NZ rate cut - economists

Wednesday, 15 August 2018, 9:58 am | BusinessDesk

Aug. 15 (BusinessDesk) - Economists agree the risk of a New Zealand rate cut is real but most don’t actually expect it to happen. More >>

July brings price rises for all regions bar Auckland

Wednesday, 15 August 2018, 9:42 am | REINZ

House prices across New Zealand have continued to rise in July with a 6.2% increase year-on-year with a median price for the country of $550,000 according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete ... More >>

Bryan Ivamy Appointed as GM of NZ Trustee Services

Wednesday, 15 August 2018, 9:26 am | Alexander PR

Long-time trustee services industry leader Bryan Ivamy has been named as the new General Manager of New Zealand Trustee Services (NZTS), with responsibility for the continuing growth of the business, an established market leader in its category. More >>

Gigamon and Endace Partner to Provide Complete Visibility

Wednesday, 15 August 2018, 8:37 am | Endace

Auckland, August 14, 2018 – Endace , a specialist in high-speed network recording, traffic playback and analytics hosting, and Gigamon , the company leading the convergence of network and security operations to help organizations improve their security stance, ... More >>

Construction disputes tipped to rise – Russell McVeagh

Wednesday, 15 August 2018, 8:16 am | Russell McVeagh

With over 70 per cent of survey respondents from New Zealand's construction industry predicting an increase in the number of disputes in the next two years, insights released today by law firm Russell McVeagh, offer an opportunity to avoid them. More >>

HiFX morning Update, August 15 2018

Wednesday, 15 August 2018, 8:11 am | HiFX

The NZDUSD opens at 0.6774 (mid-rate) this morning. Another quiet night with the NZD more than holding its own against the majority of its rivals as risk appetite increased. Concerns about the financial crisis in Turkey have eased with the Turkish ... More >>

MARKET CLOSE: NZ shares bounce back from Turkish sell-down

Tuesday, 14 August 2018, 8:44 pm | BusinessDesk

MARKET CLOSE: NZ shares bounce back from Turkish sell-down, Summerset falls on mixed result More >>

NZ dollar pares losses as bargain hunters move in

Tuesday, 14 August 2018, 8:43 pm | BusinessDesk

Aug. 14 (BusinessDesk) - The New Zealand dollar pared some of its recent losses against the greenback as bargain hunters moved in despite weak data from Australia and China that would normally have weighed on the kiwi. More >>

Govt moves to shut GST loophole on charities' asset sales

Tuesday, 14 August 2018, 8:42 pm | BusinessDesk

Aug. 14 (BusinessDesk) - The government is moving to close a GST loophole that could have created a “significant but unquantified” risk to the Crown’s revenue. More >>

Latest gambling stats deliver more funding to the community

Tuesday, 14 August 2018, 6:29 pm | Gaming Machine Association of New Zealand

Gambling Machine Association of New Zealand (GMANZ) Quarterly statistics press release 14 August 2018 show more funds available for the community Due to a 3.1 percent increase in Gaming Machine Proceeds (GMP) from Class 4 Gambling (pokies) in the April-June ... More >>

NZ Steel undercut by dumped Malaysian product

Tuesday, 14 August 2018, 6:18 pm | BusinessDesk

Aug. 14 (BusinessDesk) - BlueScope Steel-owned NZ Steel is being undercut by Malaysian products dumped in the local market, says the Ministry of Business, Innovation and Employment. More >>

Poorest performing iwi invested in large farms

Tuesday, 14 August 2018, 6:11 pm | BusinessDesk

Aug. 14 (BusinessDesk) - The poorest performing iwi investment in recent years has come from farming, which is often favoured for cultural rather than economic considerations, according to the latest annual ‘Iwi Investment Insights’ report by ANZ Bank New ... More >>

Emissions Trading Scheme revisions timely and necessary

Tuesday, 14 August 2018, 5:28 pm | NZ Forest Owners Association

Forest owners are calling the proposed revisions to the Emissions Trading Scheme (ETS) both timely and necessary if New Zealand is to hope to meet its greenhouse gas reduction targets. More >>

Judgment: Waho v Te Kōhanga Reo National Trust

Tuesday, 14 August 2018, 4:54 pm | New Zealand High Court

[1] Until he was removed in 2014 Toni Waho was a trustee of Te Kōhanga Reo National Trust, a trust dedicated to the use and retention of te reo Māori. The Trust Board decided to remove Mr Waho on the grounds he had brought the Trust into disrepute ... More >>

Decision in FMA and the administrators of CBL case

Tuesday, 14 August 2018, 4:52 pm | Financial Markets Authority

Decision in the case stated procedure between FMA and the administrators of CBL Corporation Limited More >>

Weakened construction sector set for disruption

Tuesday, 14 August 2018, 4:49 pm | Innovatek

With key milestone projects now in progress and some nearing completion, more engineers are using new building information modelling technology for designing commercial buildings using engineered wood with cross laminated timber at their heart. More >>

Trustpower extends customer book with Opunake

Tuesday, 14 August 2018, 4:47 pm | BusinessDesk

Aug. 14 (BusinessDesk) - Trustpower is to acquire about 1,400 commercial power accounts after Opunake Hydro opted to quit the retail market citing tough competition. More >>

Mycoplasma bovis confirmed in Tasman district

Tuesday, 14 August 2018, 4:06 pm | Ministry For Primary Industries

Biosecurity New Zealand today confirmed a property in the Tasman district as positive for the bacterial cattle disease Mycoplasma bovis. It's the first time the disease has been found in this region. More >>

ServiceIQ - Chief Executive appointment

Tuesday, 14 August 2018, 3:53 pm | Service IQ

ServiceIQ Board Chair Rick Christie has confirmed the appointment of Andrew McSweeney as its new Chief Executive. ServiceIQ is the industry training organisation (ITO) for the aviation, hospitality, retail, travel, tourism and museums sectors. More >>

Fonterra's biggest challenge is to change law

Tuesday, 14 August 2018, 2:44 pm | BusinessDesk

Aug. 14 (BusinessDesk) - Fonterra Cooperative Group's new chair John Monaghan says the dairy giant's biggest challenge is to change the law which forces it to accept milk from any farmer and sell it to rivals at a subsidised price, according to a ... More >>

Carolyn Tremain confirmed as MBIE chief executive

Tuesday, 14 August 2018, 2:42 pm | BusinessDesk

Aug. 14 (BusinessDesk) - The acting chief executive for the Ministry of Business, Innovation and Employment, Carolyn Tremain, has been confirmed as the permanent replacement for David Smol, who left the position more than a year ago. More >>

Rubicon's long-serving duo executive to depart

Tuesday, 14 August 2018, 2:30 pm | BusinessDesk

Aug. 14 (BusinessDesk) - Rubicon's founding executive duo Luke Moriarty and Mark Taylor will leave the forestry biotech investment firm following a recent boardroom shake-up. More >>

Wildlife and conservation projects ‘flying high’

Tuesday, 14 August 2018, 1:44 pm | Heli Glenorchy

Two wildlife and conservation projects are flying high thanks to a Glenorchy-based tourism company. More >>

Decades of Rural Experience for New NZ Pork Chair

Tuesday, 14 August 2018, 1:38 pm | New Zealand Pork

NZ Pork has appointed former Southland MP Eric Roy as Chair of a new board of directors, as the industry-good body positions itself to face key challenges for New Zealand’s commercial pig farming industry. More >>

Ryman chefs take top prizes

Tuesday, 14 August 2018, 1:31 pm | Ryman Healthcare

Ryman chefs Steve Iraia and Paul Korunic have blitzed the New Zealand hospitality awards, taking the top two prizes for their skills in the kitchen. More >>

OMF Weekly Global Macro Economic Update

Tuesday, 14 August 2018, 1:29 pm | OMF

OMF Group CEO, Matt Blackwell provides a weekly overview of the global and local economic markets, touching on trade recommendations for foreign exchange/currency, equities, derivatives, futures and options. He also discusses the impacts political, ... More >>

The new Commerce Commission website is now live

Tuesday, 14 August 2018, 1:23 pm | Commerce Commission

We have built a brand new site with our users in mind to help you find what you are looking for easily and quickly. More >>

Summerset notes flattening property market as earnings rise

Tuesday, 14 August 2018, 1:21 pm | BusinessDesk

Aug. 14 (BusinessDesk) - Summerset Group Holdings said a flatter property market is providing smaller valuation gains for the retirement village operator and developer. More >>

Wrightson posts record earnings

Tuesday, 14 August 2018, 12:53 pm | BusinessDesk

Aug. 14 (BusinessDesk) - PGG Wrightson, which is selling its dominant seed and grain business, posted record full-year earnings but lowered its final dividend payment to shareholders, saying it was eyeing reinvestment opportunities. More >>

Spark acquires Premier League rights; names new exec

Tuesday, 14 August 2018, 12:38 pm | BusinessDesk

Aug. 14 (BusinessDesk) - Spark New Zealand has secured exclusive rights to Premier League football in the UK as it builds out a suite of content for the live-streaming sports service it plans to roll out early next year. More >>

Wildlife and conservation projects ‘flying high’

Tuesday, 14 August 2018, 12:25 pm | Southern PR

Two wildlife and conservation projects are flying high thanks to a Glenorchy-based tourism company. More >>

Second quarter pokie statistics

Tuesday, 14 August 2018, 12:23 pm | Department Of Internal Affairs

Second quarter pokie statistics The latest quarterly statistics on pokies in pubs and clubs released by the Department of Internal Affairs continue recent trends with increasing gaming machine profits but decreasing gaming machines and venues. The ... More >>

WSP Opus harnesses VR to showcase sustainable city expertise

Tuesday, 14 August 2018, 12:20 pm | WSP Global Inc

Cutting-edge technology and industry expertise have combined to put the power of city design in the hands of everyday people with Sustain-a-city, an interactive, problem-solving virtual reality game. More >>

NZ Building Nations Symposium

Tuesday, 14 August 2018, 12:05 pm | Infrastructure New Zealand

The country’s largest infrastructure conference, the annual Infrastructure New Zealand Building Nations Symposium, gets underway Thursday 16 August at the ANZ Viaduct Events Centre in Auckland. More >>

NZ dollar holds near 2 1/2 year low

Tuesday, 14 August 2018, 11:38 am | BusinessDesk

Aug. 14 (BusinessDesk) - The New Zealand dollar held near a two-and-a-half year low as investors remained nervous about Turkey's financial crisis, which has weighed on other emerging markets but has yet to spread to Europe's banking system. More >>

High Court Date Set For Judicial Review

Tuesday, 14 August 2018, 11:23 am | Catalyst Communications

Apple and stonefruit group seek to overturn MPI directive to cut and burn plant material More >>

Domino’s reports record profit and increases dividend

Tuesday, 14 August 2018, 11:19 am | Domino's Pizza

Domino’s Pizza Enterprises Ltd (ASX:DMP) has reported a record Full Year Net Profit After Tax (NPAT) of $136.2m, +15.0% higher than the previous Financial Year (FY),and lifted its full year dividend +15.5% to 107.8 cents per share, based on growing sales ... More >>

Skyline Queenstown gets behind marathon volunteers

Tuesday, 14 August 2018, 10:38 am | Skyline Queenstown

Skyline Queenstown has been named as the official sponsor of the Air New Zealand Queenstown International Marathon volunteer crew. More >>

Psychological ownership & shoplifting

Tuesday, 14 August 2018, 10:33 am | University of Otago

University of Otago research examining the role of psychological ownership in shoplifting prevention is to be extended into a New Zealand wide survey of supermarket staff after notable results in a pilot trial. More >>

Symantec’s New Secure Wi-Fi Router

Tuesday, 14 August 2018, 10:05 am | Symantec

AUCKLAND, NEW ZEALAND – 14 AUGUST 2018 – Today, Norton by Symantec (NASDAQ: SYMC) is proud to announce that Norton Core is available for immediate purchase in New Zealand at Harvey Norman. Responding to the rapid uptake of Internet of Things ... More >>

Use more private funds for infrastructure

Tuesday, 14 August 2018, 9:55 am | BusinessDesk

Aug. 14 (BusinessDesk) - New Zealand risks falling further behind in its infrastructure development unless it can adopt new tools for funding development and better prioritise the work needed, Chapman Tripp says. More >>

Electric and self-driving vehicles have a long road ahead

Tuesday, 14 August 2018, 9:14 am | Trade Me Limited

Most New Zealanders are yet to join the electric vehicle revolution with only 11 per cent lining up an EV for their next vehicle purchase, according to a recent Trade Me Motors survey. More >>

Spark expands its role in sports media market

Tuesday, 14 August 2018, 9:03 am | Spark NZ

Spark New Zealand announced today that it has secured the exclusive New Zealand rights to more quality sports events - signalling a bigger play into the sports content market, which Spark Managing Director Simon Moutter says is a potential future source ... More >>

Kiwi small businesses paid on average 8.3 days late in June

Tuesday, 14 August 2018, 8:50 am | Xero

AUCKLAND, 14 AUGUST 2018 — Xero, the global small business platform, today announced an updated data metric for Xero Small Business Insights (XSBI), providing a more comprehensive overview of payment trends for small businesses in New Zealand. More >>

HiFX morning Update, August 14 2018

Tuesday, 14 August 2018, 8:40 am | HiFX

The NZDUSD opens at 0.6573 (mid-rate) this morning. More >>

UPDATE: Govt hints at higher carbon price cap

Monday, 13 August 2018, 8:56 pm | BusinessDesk

Aug. 13 (BusinessDesk) - The government is hinting it will lift the $25 a tonne upper limit on the price of a New Zealand Unit of carbon dioxide in the Emissions Trading Scheme, in an announcement following hard on a doubling of funding for government ... More >>

MARKET CLOSE: NZ shares fall as Turkey woes ripple through

Monday, 13 August 2018, 8:54 pm | BusinessDesk

MARKET CLOSE: NZ shares fall as Turkey woes ripple through markets; blue chips include F&P, Fletcher drop More >>

Exporter demand halts NZ dollar's slide

Monday, 13 August 2018, 8:20 pm | BusinessDesk

Aug. 13 (BusinessDesk) - The New Zealand dollar was largely unchanged in local trading as exporters piled into the currency at a two-year low, offsetting the downbeat tone sparked by Turkey's economic woes. More >>

Go Bus response to First Union claims

Monday, 13 August 2018, 8:05 pm | Go Bus

In response to First Union’s press release ‘Waikato bus drivers’ strike over unsafe work conditions’ More >>

Economists see more pain in store for the New Zealand dollar

Monday, 13 August 2018, 7:27 pm | BusinessDesk

Aug. 13 (BusinessDesk) - The New Zealand dollar was roiled by the Reserve Bank’s surprisingly dovish stance last week and economists say there is more downside to come as US interests rates rise and the global trade outlook remains uncertain. More >>