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Latest Business Headlines

Women still fighting for equality 126 years after suffrage

Thursday, 19 September 2019, 9:45 am | PSA

Over a century after New Zealand women won the right to vote, thousands of working women feel the sting of gender discrimination in every pay cheque. More >>

New Zealand’s Pork Industry Too Precious to Lose

Thursday, 19 September 2019, 9:30 am | Harrington's Smallgoods

Wellington, 19 September 2019 - Growing dependence on imported pork for Kiwi consumers is placing greater risk on New Zealand’s pork industry, as African Swine Fever (ASF) continues to spread internationally. More >>

Invivo X, Sarah Jessica Parker Sauvignon Blanc now available

Thursday, 19 September 2019, 8:45 am | Invivo Wines New Zealand

Auckland, New Zealand: Actor, designer and wine lover Sarah Jessica Parker has created her first wine in partnership with Kiwi winery Invivo & Co . Invivo X, Sarah Jessica Parker (SJP) Sauvignon Blanc , made from Marlborough grapes, and it’s now ... More >>

XE Morning Update

Thursday, 19 September 2019, 8:36 am | XE.com

The NZDUSD opens at 0.6307 (mid-rate) this morning. This morning the Federal Reserve cut its interest rate target range by 25 basis points to between 1.75% - 2.0%, citing global developments and muted inflation as reasons for the cut. The voting committee ... More >>

Taska Prosthetics and Ethique take out top business awards

Thursday, 19 September 2019, 8:21 am | Canterbury Employers' Chamber Of Commerce

Producer of the world’s first waterproof myoelectric prosthetic hand, TASKA Prosthetics, and the world’s first zero-waste beauty brand, Ethique, have taken out the Supreme Awards at this year’s Westpac Champion Business Awards . More >>

Waikato bus drivers win living wage after ordeal with Go Bus

Wednesday, 18 September 2019, 8:57 pm | First Union

FIRST Union members who work at Go Bus Ltd in Waikato are finally celebrating a living wage making it into their pay packets after enduring two years of frustrating negotiations with an employer who did everything possible to keep workers underpaid, FIRST Union ... More >>

MARKET CLOSE: NZ shares fall; Goodman placement

Wednesday, 18 September 2019, 8:54 pm | BusinessDesk

Sept. 18 (BusinessDesk) - New Zealand shares fell, with heavy trading in property stocks as investors cleared their books to make way for a $150 million placement in Goodman Property Trust. More >>

Suffrage Day - 126 years since women won the vote

Wednesday, 18 September 2019, 8:43 pm | New Zealand Council of Trade Unions

Suffrage Day - 126 years since women won the vote… surely it’s time for equal pay More >>

DairyNZ reliant on NZIER research

Wednesday, 18 September 2019, 8:34 pm | Fish and Game New Zealand

The attempts by DairyNZ CEO, Tim Mackle, to discredit the New Zealand Institute of Economic Research (NZIER) is undermined by ten years of DairyNZ citing NZIER research. More >>

NZ dollar eases as market eyes pending GDP data

Wednesday, 18 September 2019, 8:30 pm | BusinessDesk

Sept. 18 (BusinessDesk) - The New Zealand dollar was a little weaker as the market took bets that June-quarter GDP data out tomorrow will be on the weaker side of expectations. More >>

Evolve shareholders demand answers

Wednesday, 18 September 2019, 8:29 pm | BusinessDesk

Sept. 18 (BusinessDesk) - New directors at Evolve Education were forced to their feet as shareholders demanded information from the childcare firm’s new management. More >>

UPDATE: Goodman opts for underwritten $150m placement

Wednesday, 18 September 2019, 8:27 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Goodman Property Trust's manager says it will raise up to $175 million from a $150 million placement to institutions and up to $25 million in a retail offer to existing unitholders. More >>

Continued steady growth for Port Nelson

Wednesday, 18 September 2019, 4:50 pm | Port Nelson Ltd

Continued growth in cargo volume has contributed to Port Nelson delivering an operating profit of $30.5 million for the 2018/2019 financial year. This is an increase of $3.4 million compared to the $27.1 million reported in 2018. Net Profit After Tax, ... More >>

Strong tourism, low rates keep lid on NZ account deficit

Wednesday, 18 September 2019, 4:41 pm | BusinessDesk

Sept. 18 (BusinessDesk) - New Zealand's persistently strong tourism market and low global interest rates have helped keep a lid on the current account deficit and may continue to do so during the next year and a half. More >>

Refining NZ margins jump to 18-month high

Wednesday, 18 September 2019, 4:07 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Processing margins at the Marsden Point oil refinery jumped to an 18-month high after the closure of a key US refinery and unplanned outages at plants in Asia. More >>

Goodman trust spec builds warehouses in constrained market

Wednesday, 18 September 2019, 4:05 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Goodman Property Trust's up to $175 million capital raising will place it below targeted gearing in a market where demand, property valuations and rents are rising but supply is constrained. More >>

Holocaust Centre of New Zealand welcomes Facebook changes

Wednesday, 18 September 2019, 4:04 pm | Holocaust Centre

New Zealand’s leading organisation for Holocaust education and remembrance would like to applaud Facebook over its action on eliminating extremist action on its social media site. More >>

Kathmandu shares rise 9.3% on strong FY result

Wednesday, 18 September 2019, 3:59 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Kathmandu Holdings shares rose 9.3 percent after the company reported annual profit at the top end of its guidance, including a standout performance in the US. More >>

FMA seeks greater powers from the government

Wednesday, 18 September 2019, 3:40 pm | BusinessDesk

Sept. 18 (BusinessDesk) - The Financial Markets Authority wants the government to give it the power to "go in and poke around" inside banks and insurers so it can stop potential problems for consumers before they happen, says chief executive ... More >>

Industry welcomes Government aquaculture strategy

Wednesday, 18 September 2019, 3:09 pm | Aquaculture New Zealand

Aquaculture offers New Zealand a significant opportunity through the sustainable production of the world’s best seafood, said Aquaculture New Zealand chair Bruce Hearn. More >>

Ronovation to pay $400k for price fixing

Wednesday, 18 September 2019, 3:08 pm | Commerce Commission

The High Court has ordered Ronovation Limited to pay a penalty of $400,000 after it admitted to price fixing in Auckland’s residential real estate market. More >>

Bell Gully named a winner at the 2019 White Camellia Awards

Wednesday, 18 September 2019, 3:07 pm | Bell Gully

Bell Gully is delighted to have received a White Camellia award at Parliament House last night. More >>

Commerce Commission v Ronovation Ltd - "buyer side" cartel

Wednesday, 18 September 2019, 2:30 pm | New Zealand High Court

[76] I order Ronovation to pay a pecuniary penalty in the sum of $400,000. More >>

Waitomo’s First Zero Carbon Glowworm Cave Tour Operator

Wednesday, 18 September 2019, 2:23 pm | Glowing Adventures

Waitomo cave tour operator Glowing Adventures has just achieved Climate Positive Business Operations certification for the 2018 Calendar Year with ekos. More >>

Air NZ calls for more kōrero on te reo trademark issues

Wednesday, 18 September 2019, 2:13 pm | Air New Zealand

Air New Zealand will not actively pursue its trademark application for the Kia Ora magazine logo after consultation with Māori leaders. More >>

Letter to Immigration Minister From Early Harvesting Growers

Wednesday, 18 September 2019, 1:42 pm | One Plus One

The following Open Letter to the Minister of Immigration has been released by a group of horticultural growers who are frustrated by many months of inaction by the Minister who has failed to announce the “CAP”, which states how many additional RSE workers ... More >>

Southern Cross Health Society appoints Chief Digital Officer

Wednesday, 18 September 2019, 1:31 pm | Southern Cross Health Society

Southern Cross Health Society has announced the appointment of Roxanne Salton to the role of Chief Digital Officer. More >>

Distribution reinvestment plan strike price set at $2.6386

Wednesday, 18 September 2019, 1:23 pm | Vital Healthcare Property Trust

Vital Healthcare Property Trust advises that the strike price for the distribution reinvestment plan operating in respect of the fourth quarter of the 2019 financial year is $2.6386 per unit. The strike price includes a discount of 1% to the weighted ... More >>

Elasticsearch Service to Boost Consumer Loyalty

Wednesday, 18 September 2019, 1:02 pm | Elastic

AUCKLAND, New Zealand & MOUNTAIN VIEW, Calif.--( BUSINESS WIRE )--Elastic N.V. (NYSE: ESTC), the company behind Elasticsearch and the Elastic Stack, announced that The Warehouse, a popular retail outlet operating in New Zealand, has chosen Elastic’s ... More >>

Goodman opts for underwritten $150m placement

Wednesday, 18 September 2019, 1:00 pm | BusinessDesk

Sept. 18 (BusinessDesk) - Goodman Property Trust's manager says it will raise up to $175 million from a $150 million placement to institutions and up to $25 million in a retail offer to existing unitholders. More >>

Dunedin business penalised nearly $54K

Wednesday, 18 September 2019, 12:52 pm | Ministry of Business Innovation and Employment

The Employment Relations Authority (ERA) has ordered Groceryking.co.nz (2016) Limited, trading as Grocery King, in Dunedin, to pay $44,750 in penalties for 40 employment breaches and attempting to deceive the Labour Inspectorate. Director, Quing (Jade) ... More >>

The Cookie Project launches crowdfunding campaign

Wednesday, 18 September 2019, 12:36 pm | The Cookie Project

Social enterprise The Cookie Project launches crowdfunding campaign to boost employment pathways for Kiwis with disabilities More >>

Mercurey NZ Young Winemaker of the Year 2019

Wednesday, 18 September 2019, 11:16 am | NZ Winegrowers

Congratulations to Emily Gaspard-Clark from Spy Valley Wines in Marlborough who took out the National Final to become the Tonnellerie de Mercurey NZ Young Winemaker of the Year 2019. More >>

XE Data Update - NZ Q2 Current Account Balance Release

Wednesday, 18 September 2019, 11:14 am | XE Money Transfer

The NZ Current Account Balance for Q2 2019 has just been released. More >>

NZ dollar opens higher as dairy prices lift, oil eases

Wednesday, 18 September 2019, 11:10 am | BusinessDesk

Sept. 18 (BusinessDesk) - The New Zealand dollar lifted against the greenback, helped by a positive overnight global dairy auction. More >>

Sean Parker yet to seek OIO approval for Weta Digital stake

Wednesday, 18 September 2019, 11:01 am | BusinessDesk

Sept. 18 (BusinessDesk) - Silicon Valley billionaire Sean Parker's representatives have discussed his planned investment in Weta Digital with the Overseas Investment Office, but are yet to lodge a formal application. More >>

Sean Parker yet to seek OIO approval for Weta Digital Stake

Wednesday, 18 September 2019, 10:59 am | BusinessDesk

Sept. 18 (BusinessDesk) - Silicon Valley billionaire Sean Parker's representatives have discussed his planned investment in Weta Digital with the Overseas Investment Office, but are yet to lodge a formal application. More >>

Current account deficit narrows to $2.4 billion

Wednesday, 18 September 2019, 10:53 am | Statistics New Zealand

New Zealand’s seasonally adjusted current account deficit narrowed by $140 million to $2.4 billion in the June 2019 quarter, Stats NZ said today. More >>

Dairy product prices advance, bolstered by milk powders

Wednesday, 18 September 2019, 10:25 am | BusinessDesk

Sept. 18 (BusinessDesk) - Dairy product prices gained at the Global Dairy Trade auction, rising for the second time in the past nine auctions. More >>

Voyager upgrades core network to 100Gbit

Wednesday, 18 September 2019, 10:06 am | Voyager Internet

AUCKLAND, NEW ZEALAND – 18th September 2019 – Voyager Internet has recently completed a 100 Gigabit upgrade of its core data network. More >>

Amazon Studios' Series Offers Significant Opportunities

Wednesday, 18 September 2019, 10:04 am | New Zealand Film Commission

The New Zealand Film Commission and partners from the sector, including Auckland Tourism, Events and Economic Development (ATEED) have worked together to bring the Amazon Studios series based on The Lord of the Rings to New Zealand. More >>

NZNO awards given for Service to Nursing or Midwifery

Wednesday, 18 September 2019, 9:42 am | New Zealand Nurses Organisation

The 2019 NZNO Awards for Service to Nursing or Midwifery were presented tonight at the NZNO Awards Dinner at Te Papa in Wellington. The awards recognise nurses or midwives who have made a difference to the practice and practice environment of nursing or ... More >>

Pioneer Energy announce record dividend to Trust

Wednesday, 18 September 2019, 9:34 am | Central Lakes Trust

Pioneer Energy announce today a record dividend to owner and local community funder, Central Lakes Trust. More >>

Strong progress for tourism startups

Wednesday, 18 September 2019, 9:21 am | Creative HQ

Alumni of New Zealand’s first business accelerator focused solely on tourism are making inroads towards growing their startups in the sector. More >>

Well done NZ for record-breaking rural recycling volumes

Wednesday, 18 September 2019, 9:18 am | Agrecovery Foundation

Farmers and growers are proving their worth as good stewards of the land, by achieving record-breaking volumes of plastic recycling through the rural recycling programme, Agrecovery. More >>

Green Business is Good Business

Wednesday, 18 September 2019, 9:16 am | ActionCOACH

By Marcus Shaw, ActionCOACH Christchurch - Let’s be honest, the average business owner is more focused on profit, than they are on sustainability. But are sustainability and profitability mutually exclusive? More >>

Advanced Security and ASG Tech announced as finalists

Wednesday, 18 September 2019, 9:13 am | TPT Group

Microsoft New Zealand has announced the finalists in the Microsoft Partner Awards 2019, the awards recognise how Microsoft’s Partners have helped their customers to achieve great things. More >>

ASB launches Positive Impact funds

Wednesday, 18 September 2019, 9:03 am | ASB Bank

Wednesday 18 September 2019 ASB has added two new funds to its stable of investment options – the ASB KiwiSaver Scheme Positive Impact Fund and the ASB Investment Funds Positive Impact Fund. Both will have a focus on investing in companies that ... More >>

XE Morning Update - September 18, 2019

Wednesday, 18 September 2019, 8:25 am | XE Morning Update

The NZDUSD opens at 0.6355 (mid-rate) this morning. More >>

MARKET CLOSE: NZ shares gain: F&P Healthcare rallies

Tuesday, 17 September 2019, 8:53 pm | BusinessDesk

MARKET CLOSE: NZ shares gain: F&P Healthcare rallies on big volume, Synlait extends gain More >>

NZ dollar mixed after RBA says its ready to cut rate

Tuesday, 17 September 2019, 8:20 pm | BusinessDesk

Sept. 17 (BusinessDesk) - The New Zealand dollar was mixed after being dragged lower with its trans-Tasman counterpart after the Reserve Bank of Australia said it stands ready to cut interest rates again should that prove necessary. More >>

OMV granted marine discharge consent for Great South Basin

Tuesday, 17 September 2019, 8:06 pm | BusinessDesk

Sept. 17 (BusinessDesk) - OMV has been granted a marine discharge consent for part of its planned activities in the Great South Basin, the Environmental Protection Authority said in a statement. More >>

More detail needed on migrant worker policy

Tuesday, 17 September 2019, 8:05 pm | BusinessDesk

Sept. 17 (BusinessDesk) - AWF Madison Group wants to see more detail but says new immigration settings aimed to make it easier to get migrants into jobs “sound sensible”. More >>

Potatoes NZ Emissions Taskforce

Tuesday, 17 September 2019, 5:07 pm | Potatoes New Zealand

Potatoes New Zealand has begun work on an Emissions Project which was launched on the 14th August 2019 at their biennial conference in Christchurch. More >>

Investors can help accelerate energy system transition

Tuesday, 17 September 2019, 4:42 pm | Eaton Vance

The global energy system is undergoing a transition away from fossil fuels toward a new energy model, a transition that will continue and accelerate over the coming decades. More >>

Lane Neave welcomes Ed Smithies

Tuesday, 17 September 2019, 4:02 pm | Lane Neave

Lane Neave announced today that leading property lawyer, Ed Smithies, has joined the firm, bolstering the national property practice. More >>

Emmy Winning Showrunner Headlines SPADA 2019 Conference

Tuesday, 17 September 2019, 3:47 pm | Screen Production and Development Association

The creator of Netflix’s most-watched original show, ORANGE IS THE NEW BLACK, Jenji Kohan will be headlining this year’s Screen Production and Development Association of New Zealand (SPADA) Conference at the Aotea Centre in Auckland across 20 and 21 ... More >>

Infrastructure resilience important but balance is needed

Tuesday, 17 September 2019, 3:14 pm | BusinessNZ

The BusinessNZ Energy Council (BEC) welcomes a Government inquiry into Auckland fuel supply disruption following the Marsden Point Oil Refinery pipeline rupture in 2017. More >>

Briscoe Group says outlook uncertain

Tuesday, 17 September 2019, 3:12 pm | BusinessDesk

Sept. 17 (BusinessDesk) - Briscoe Group said first-half profit was flat and the economic outlook for the second half remains uncertain given subdued business and consumer confidence, increased cost pressures and the lower New Zealand dollar. More >>

Go Orange goes above and beyond

Tuesday, 17 September 2019, 3:02 pm | Go Orange

Innovative tourism operator Go Orange has notched up yet another award for its trophy cabinet. More >>