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Latest Business Headlines [Page 3]

Inaugural Ground Spread Awards

Thursday, 11 July 2019, 9:32 am | New Zealand Groundspread Fertiliser Association

The inaugural winners of the New Zealand Groundspread Fertilisers Association (NZGFA) awards were announced this week at the organisation’s 63rd annual conference, ‘Technology the Enabler’, in Taupo. More >>

State sector overhaul a huge opportunity

Thursday, 11 July 2019, 9:24 am | Accenture

The Government’s proposal to unify the entire state sector could deliver enormous economic and social benefits – if done properly. Accenture New Zealand managing director Justin Gray says the overhaul, which would see agencies move away from working ... More >>

Clearance for Infratil to acquire shares in Vodafone

Thursday, 11 July 2019, 9:22 am | Commerce Commission

The Commerce Commission has granted clearance for Infratil Limited to acquire up to 50% of the shares in Vodafone New Zealand Limited. More >>

Building resilience to climate change

Thursday, 11 July 2019, 9:20 am | Chapman Tripp

Although many countries are at greater jeopardy from climate change than New Zealand, Lloyd’s has us second only to Bangladesh in terms of our exposure to national catastrophe. This largely reflects our vulnerability to earthquakes and flood. More >>

The Reserve Bank Embraces the Future

Thursday, 11 July 2019, 9:14 am | Reserve Bank

At a speech delivered in Auckland this morning to the Financial Services Institute of Australasia (FINSIA), Reserve Bank Governor Adrian Orr outlined the bank’s vision to be ‘a great team and the best central bank’. He also encouraged others to ... More >>

New Zealand's skill shortfalls revealed

Thursday, 11 July 2019, 9:12 am | Hays

Civil Engineers, Salespeople, Construction Managers and DevOps professionals are four of the skills sought by the 49 per cent of employers who plan to increase permanent staff levels in New Zealand over the next 12 months, according to recruiting experts ... More >>

REINZ HPI: Southland leads the charge

Thursday, 11 July 2019, 9:09 am | REINZ

National property values have continued to fall with a decline in the rate of annual growth from 3.8% in June 2018 to 1.7% in June 2019, although values are still in positive territory, according to the Real Estate Institute of New Zealand (REINZ) ... More >>

Less intrusion for tenants

Thursday, 11 July 2019, 9:07 am | NZ Property Investors Federation

Property inspections are a form of risk management that helps to reduce and identify malicious damage and meth losses. However, the issue of insurers moving to three monthly inspections has been debated recently, with many feeling that it is too frequent ... More >>

Vegan cheese company to crowdfund international expansion

Thursday, 11 July 2019, 9:04 am | PledgeMe

Auckland-based vegan cheesemaker Angel Food will launch their second equity crowdfunding campaign on 15 July to fund their next phase of growth in a rapidly-evolving market for plant-based and vegan products. Started in 2006, Angel Food is one of the leading ... More >>

BitPrime Cryptocurrency Price Update

Thursday, 11 July 2019, 9:03 am | BitPrime

Cryptocurrency Market Market capitalisation yesterday: NZD$518,475,943,580.48 Market capitalisation today: NZD$536,496,119,974.20 Change: 3.48% More >>

DB Breweries announces bold sustainability ambitions

Thursday, 11 July 2019, 9:02 am | DB Breweries

DB Breweries has today announced its ambition to halve its carbon emissions by 2030. The announcement coincides with the launch of DB Breweries’ 2018 Sustainability Report and carbon reduction roadmap, which outlines plans for further action and ... More >>

XE Morning Update - July 11, 2019

Thursday, 11 July 2019, 8:56 am | XE Morning Update

NZDUSD 0.6642 0.5% NZDEUR 0.5902 0.1% NZDGBP 0.5311 0.2% NZDJPY 72.01 0.2% NZDAUD 0.9542 0.1% NZDCAD 0.8682 0.1% GBPNZD 1.8829 -0.2% More >>

Jacobs signs major agreement to use Seequent’s solutions

Wednesday, 10 July 2019, 9:04 pm | Seequent

Jacobs signs major agreement to use Seequent’s solutions on civil and environmental projects Agreement follows Jacob’s success on Queensland’s Emu Swamp Dam project using Seequent’s Leapfrog Works and collaboration tools for geological risk assessment ... More >>

MARKET CLOSE: NZ stocks gain on A2 broker upgrade

Wednesday, 10 July 2019, 9:00 pm | BusinessDesk

July 10 (BusinessDesk) - New Zealand stocks gained as a strong lift in A2 Milk after a broker upgrade helped propel the index higher. More >>

NZ dollar continues slide ahead of Powell testimony

Wednesday, 10 July 2019, 8:58 pm | BusinessDesk

July 10 (BusinessDesk) - The New Zealand dollar fell as the greenback gained ahead of US Federal Reserve chair Jerome Powell’s congressional testimony. More >>

Restaurant Brands eyes $45 mln underlying profit

Wednesday, 10 July 2019, 7:24 pm | BusinessDesk

July 10 (BusinessDesk) - Fast-food operator Restaurant Brands New Zealand is expecting profit growth of at least 6 percent this year as the firm benefits from new store openings. More >>

Home batteries could play key role in grid management

Wednesday, 10 July 2019, 5:29 pm | BusinessDesk

July 10 (BusinessDesk) - Household battery electricity storage could play an important role in managing the pressures increased solar and electric vehicle use may put on the country’s power system, Transpower says. More >>

National property values up 1.7% in year to June - REINZ

Wednesday, 10 July 2019, 4:51 pm | BusinessDesk

July 10 (BusinessDesk) - National property values rose 1.7 percent in the year to June and would have been up 6.5 percent had Auckland been stripped out, the Real Estate Institute of New Zealand's latest House Price Index shows. More >>

Nelmac moves to boost wages ahead of Government timetable

Wednesday, 10 July 2019, 4:09 pm | Nelmac

Nelson Tasman-based environmental management services company Nelmac has announced it will proactively increase the minimum hourly rate of all its team members to $19 per hour, effective from 1 July 2019. This change is being implemented well in advance ... More >>

NTT Announces Global Leadership Team

Wednesday, 10 July 2019, 3:10 pm | NTT Ltd

London, UK – 10 July 2019 – Nippon Telegraph and Telephone (NTT) the world-leading global technology services provider, today revealed the executive leadership team behind NTT Ltd., its new global US $11 billion technology services company. Launched ... More >>

New share offer opens for irrigators to invest

Wednesday, 10 July 2019, 3:09 pm | Waimea Irrigators Limited

Waimea Irrigators Limited (WIL) has updated its Product Disclosure Statement (PDS) for the Offer of Water Shares . The latest offer to buy water shares in WIL opened on 21 June and is publicly available for irrigators on the Waimea Plains to consider. ... More >>

Nominate the Rising Star on your team!

Wednesday, 10 July 2019, 2:57 pm | Hospitality New Zealand

Entries for Hospitality New Zealand’s Rising Stars Awards 2019 are now open Each year, Hospitality New Zealand holds the Rising Stars Awards to celebrate outstanding hospitality industry professionals at the beginning of their careers. Now in its ... More >>

Annual food prices inch up 0.5% in June

Wednesday, 10 July 2019, 2:52 pm | BusinessDesk

July 10 (BusinessDesk) - New Zealand food prices lifted 0.5 percent in the year to June, bolstered by higher prices for restaurant meals and ready-to-eat food. Rental inflation remained steady. More >>

Medical cannabis industry welcomes consultation

Wednesday, 10 July 2019, 2:38 pm | NZMCC

The New Zealand Medical Cannabis Council, an industry group of licensed producers, researchers, laboratories and startups, has welcomed the release of the medicinal cannabis consultation document. More >>

NZBA congratulates Chief District Court Judge JanMarie Doog

Wednesday, 10 July 2019, 2:32 pm | NZ Bar Association

The New Zealand Bar Association congratulates Chief District Court Judge JanMarie Doogue on her appointment to the High Court. More >>

IR creates lose-lose for taxpayer

Wednesday, 10 July 2019, 2:20 pm | Chartered Accountants Australia and New Zealand

Inland Revenue has created a favourable situation for itself, or from the taxpayers’ point of view a ‘lose-lose,’ with latest changes to its Use of Money Interest Rates, says John Cuthbertson, New Zealand Tax Leader for Chartered Accountants Australia ... More >>

Long road to the top for NZ’s champion auctioneer

Wednesday, 10 July 2019, 2:03 pm | Harcourts

10 years, 8 finals: The long road to the top for New Zealand’s champion auctioneer More >>

Shire of Manjimup goes live with Phase II of Datascape

Wednesday, 10 July 2019, 1:52 pm | Datacom

Citizens and residents of the Shire of Manjimup in Western Australia are now able to access council services faster and more efficiently following the successful deployment of Datascape from Datacom. More >>

Cyber security issues down in Q1, still second highest

Wednesday, 10 July 2019, 1:41 pm | BusinessDesk

The number of cyber security issues reported in the March quarter fell 26 percent from the prior quarter but was still the second highest to date, the government's Computer Emergency Response Team said. More >>

Vital Healthcare portfolio value rises 5.9%

Wednesday, 10 July 2019, 1:39 pm | BusinessDesk

July 10 (BusinessDesk) - Vital Healthcare Property Trust said the value of its portfolio increased by 5.9 percent, or $102.4 million, for the year ended June 30, reflecting two recently completed projects in Australia. More >>

OGOG offers 25% premium in NZOG buyout

Wednesday, 10 July 2019, 1:05 pm | BusinessDesk

July 10 (BusinessDesk) - OG Oil & Gas has offered a 25 percent premium to buy out minority holders in New Zealand Oil and Gas. More >>

Philippine Airlines to Sponsor the 2019 Travel Media Awards

Wednesday, 10 July 2019, 12:08 pm | Philippine Airlines

New Zealand’s premier awards for travel writers, photographers and influencers are returning in 2019 – with a new naming sponsor, Philippine Airlines. More >>

PaySauce Q2 growth strong as customer numbers climb

Wednesday, 10 July 2019, 12:01 pm | BusinessDesk

July 10 (BusinessDesk) - Payroll software provider PaySauce saw strong growth in the second quarter as the number of New Zealand workers receiving their pay through its software continued to climb. More >>

NZ dollar hovers around 66 US cents

Wednesday, 10 July 2019, 11:13 am | BusinessDesk

July 10 (BusinessDesk) - The New Zealand dollar is hovering around 66 US cents ahead of US Federal Reserve chair Jerome Powell's testimony to Congress but continues to gain against the Aussie. More >>

Vertiv Data Centre Survey Sees Edge Sites Tripling by 2025

Wednesday, 10 July 2019, 11:01 am | Vertiv

Sydney [July 10, 2019] – Five years ago, Vertiv led a global, industry-wide examination of the data centre of the future. Data Centre 2025: Exploring the Possibilities, stretched the imaginations of more than 800 industry professionals and introduced ... More >>

Rental price indexes: June 2019

Wednesday, 10 July 2019, 10:47 am | Statistics New Zealand

The rental price indexes measure the changes in prices that households pay for housing rentals. More >>

Sweet spot for cakes and biscuits sends food prices down

Wednesday, 10 July 2019, 10:46 am | Statistics New Zealand

“A number of specials on biscuits sent June prices crumbling,” consumer prices manager Gael Price said. More >>

PaySauce Grows Recurring Revenue by 120%

Wednesday, 10 July 2019, 10:43 am | PaySauce

PaySauce Grows Recurring Revenue by 120%, Customer Numbers by 118%, and Gross Payroll Processed by 133%1 Wellington, New Zealand, 10 July, 2019 - SaaS employment solutions provider PaySauce (NZX:PYS) maintains its strong year-on-year growth trajectory for ... More >>

More focus needed on business with Asia

Wednesday, 10 July 2019, 10:36 am | Business New Zealand

This year’s Perceptions of Asia report demonstrates the importance of business links between New Zealand and Asia, says BusinessNZ. More >>

Fiduciary duties highlighted

Wednesday, 10 July 2019, 10:32 am | BusinessDesk

July 10 (BusinessDesk) - Fund managers say the growing market for responsible investment may bring potential conflicts with their fiduciary duty toward clients. More >>

2 Cheap Cars fined for “blatantly untrue" document

Wednesday, 10 July 2019, 10:16 am | Commerce Commission

Used motor vehicle dealer 2 Cheap Cars Limited has been fined $438,000 for its use of “warranty waiver” documents and for its "liquidation sale" and “84% off” advertising claims. More >>

LOGOS partners with AustralianSuper for the development

Wednesday, 10 July 2019, 10:06 am | LOGOS

LOGOS is pleased to announce it has established a new partnership with AustralianSuper for the development of the Wiri Logistics Estate in Auckland, New Zealand. LOGOS acquired this 10 hectare Wiri site in July 2018 and commenced the development of ... More >>

Central Otago bespoke builders named regional finalist

Wednesday, 10 July 2019, 10:03 am | Westpac New Zealand

10 July 2019 Central Otago bespoke builders named regional finalist in $50,000 Growth Grants Hunter & Craig Building and Design Ltd., which provides end-to-end services on bespoke residential builds, has been named as one of six regional winners of the ... More >>

Hawke’s Bay cider company named regional finalist

Wednesday, 10 July 2019, 10:02 am | Westpac New Zealand

Award-winning cider producers Zeffer have been named as one of six regional winners of the Westpac Business Growth Grants, and will compete for a chance to win $50,000. More >>

Northland Tourism operators named regional finalist

Wednesday, 10 July 2019, 10:00 am | Westpac New Zealand

Marine Adventure tourism operators Dive! Tutukaka have been named as one of six regional winners of the Westpac Business Growth Grants, and will compete for a chance to win $50,000. More >>

Travel clothing company named regional finalist in grants

Wednesday, 10 July 2019, 9:58 am | Westpac

Tauranga-based travel apparel and accessories company, Pacific Collections, has been named as one of six regional winners of the Westpac Business Growth Grants, and will compete for a chance to win $50,000. More >>

Kiwis turn to CERT NZ to help build resilience online

Wednesday, 10 July 2019, 9:31 am | CERT NZ

Latest data from CERT NZ shows that Kiwis from all over the country continue to be affected by cyber security issues. The Quarter One report released today shows that almost 1,000 New Zealanders reported cyber security issues to CERT NZ in the ... More >>

Romantic ideas of life in business can kill the Kiwi dream

Wednesday, 10 July 2019, 8:27 am | OneHQ

One-person owned businesses fuelling the Kiwi dream are holding New Zealand’s economy back. Leading Kiwi business venturist calls for more scale through partnerships. More >>

Reactar launches homeAR augmented reality app

Wednesday, 10 July 2019, 8:26 am | Reactar

NZ start-up Reactar launches augmented reality-based platform homeAR that lets new home buyers test drive house designs before they buy. More >>

XE Morning Update

Wednesday, 10 July 2019, 8:24 am |

The NZDUSD opens at 0.6606 (mid-rate) this morning. The AUD along with the GBP are the weakest performing of the G10 currencies with the AUD selling off after NAB reported its Business Confidence index plummeted back to 2 in June after rising to 7 in the ... More >>

Business blues rock the job market

Wednesday, 10 July 2019, 8:20 am | Trademe

Business blues continue to rock the New Zealand job market and employers are increasingly reluctant to hire, according to an analysis of over 66,000 vacancies listed on Trade Me Jobs for the quarter ending 30 June 2019. More >>

Didipio Injunction Hearing Rescheduled to July 12, 2019

Wednesday, 10 July 2019, 8:14 am | OceanaGold

MELBOURNE, July 9, 2019 /CNW/ - OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the Company) informs that the hearing for an application for injunction against the unauthorised restraint of the Didipio operation has been reset due to a scheduling conflict. The ... More >>

Foodstuffs applauds the government’s EV incentives

Tuesday, 9 July 2019, 8:55 pm | Foodstuffs Limited

Foodstuffs is supportive of the government’s moves to make EV’s more affordable for all New Zealanders. Transport accounts for 18% of New Zealand’s emissions and needs to speed up the rate of reduction – Foodstuffs rollout of electric vehicle ... More >>

MARKET CLOSE: NZ shares fall on prospect of smaller US cut

Tuesday, 9 July 2019, 8:51 pm | BusinessDesk

MARKET CLOSE: NZ shares fall as prospect of smaller US rate cut knocks yield stocks More >>

NZ dollar rises against Aussie

Tuesday, 9 July 2019, 8:24 pm | BusinessDesk

July 9 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart after weak business confidence data across the Tasman. More >>

Scott says forward orders strong, Europe variable

Tuesday, 9 July 2019, 8:23 pm | BusinessDesk

July 9 (BusinessDesk) - Industrial automation specialist Scott Technology says its forward order book remains strong despite restrained investment in Europe due to the ongoing uncertainty around Brexit. More >>

Mitre 10 looks to Australia for new chief executive

Tuesday, 9 July 2019, 8:22 pm | BusinessDesk

July 9 (BusinessDesk) - Mitre 10 New Zealand's board has hired Australian auto retailing veteran Chris Wilesmith as its new chief executive. More >>

Workplace reforms could harm workers and employers

Tuesday, 9 July 2019, 5:15 pm | Business Central

New analysis published today by the NZ Initiative casts doubt over the recommendations from the Government’s ‘Fair Pay Agreements’ working group, says Business Central. More >>

TAB: One punter stands to collect $22,000 if Tim Bone wins

Tuesday, 9 July 2019, 4:45 pm | TAB

One TAB customer is hoping Tim Bone can be crowned Australia’s 11th MasterChef winner after he placed $2,200 on him to do so at $10. Currently Larissa Takchi is leading the way, holding 64 percent of the money wagered on the winner market. Perth ... More >>

Kiwi acquisition shows strength of NZ Made

Tuesday, 9 July 2019, 4:17 pm | BusinessNZ

Buy NZ Made executive director Ryan Jennings has welcomed Cactus Outdoor’s acquisition of Albion Clothing. More >>