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Latest Business Headlines [Page 3]

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 >>

Literacy Aotearoa appoints H. Fancy and J. Cribb to Board

Wednesday, 16 August 2017, 11:00 am | Literacy Aotearoa

Auckland, 16 August 2017 – Literacy Aotearoa has appointed Howard Fancy and Jo Cribb to its Board, Te Kōruru, strengthening its capabilities in public policy, NGO accountability and organisation development. More >>

While You Were Sleeping: Solid US Retail Sales

Wednesday, 16 August 2017, 10:48 am | BusinessDesk

Aug. 16 (BusinessDesk) - A report showing better-than-expected US retail sales underpinned bets the Federal Reserve will hike interest rates at least once more this year, bolstering the greenback. More >>

Property investors set to ‘milk it’

Wednesday, 16 August 2017, 10:34 am | Bayleys

The land and buildings housing the branch of one of New Zealand’s biggest farm and lifestyle block supply firms have been placed on the market for sale. More >>

Demise of Fast Post the end of an era for postal services

Wednesday, 16 August 2017, 10:13 am | E Tu

The union for NZ Post, E tū says Post’s decision to wind up its Fast Post service signals the end of an era, but also reflects the reality of today’s postal services. More >>

Air NZ hosts inflight gig to celebrate Spotify playlists

Wednesday, 16 August 2017, 10:07 am | Air New Zealand

Kiwi band Sons of Zion will perform live on an Air New Zealand flight from Auckland to Christchurch today as the airline celebrates the release of its official Spotify profile and playlists. More >>

Lifestyle Property Market Softens Further

Wednesday, 16 August 2017, 10:07 am | REINZ

Data released today by the Real Estate Institute of NZ (REINZ) shows there were 471 fewer lifestyle property sales (-19.2%) for the three months ended July 2017 than for the three months ended July 2016. Overall, there were 1,984 lifestyle property ... More >>

Changes to priority mail

Wednesday, 16 August 2017, 10:07 am | New Zealand Post

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. New Zealand Post is making this change following a review of its priority mail network. More >>

Continued Softening in Rural Real Estate Market

Wednesday, 16 August 2017, 10:05 am | REINZ

Data released today by the Real Estate Institute of NZ (“REINZ”) shows there were 76 fewer farm sales (-16.2%) for the three months ended July 2017 than for the three months ended July 2016. Overall, there were 392 farm sales in the three months ... More >>

D-Link launches professional Wireless AC Wave 2 Access Point

Wednesday, 16 August 2017, 10:05 am | D-Link

AUCKLAND, 16 August 2017 – D-Link NZ has launched the DAP-2610 concurrent dual band Access Point (AP) providing companies with a high-performance WLAN solution that includes a broad range of functions and the latest generation 802.11ac Wave ... More >>

Dairy product prices fall as whole milk powder slips

Wednesday, 16 August 2017, 10:04 am | BusinessDesk

Aug. 16 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, easing for the fourth time in five auctions. More >>

Retailers Gloomy as Election Looms

Wednesday, 16 August 2017, 9:52 am | Retail NZ

More than half of retailers failed to meet their sales targets in the quarter to 30 June, according to the latest Retail NZ Retail Radar Report. More >>

nib Picks MaritzCX to Launch Multi-Brand Customer Experience

Wednesday, 16 August 2017, 9:42 am | nib New Zealand

Sydney – August 16, 2017 – With the value and affordability of health insurance under the spotlight, the importance of insurers listening to and acting on customer feedback cannot be underestimated. In order to advance its Voice of the Customer ... More >>

Room for improvement in the way New Zealand taxes business

Wednesday, 16 August 2017, 9:40 am | BusinessNZ

The BusinessNZ-Deloitte Major Companies Tax Survey report identifies ten measures for a world class tax system More >>

Synlait Cements Relationship with New Hope Nutritionals

Wednesday, 16 August 2017, 9:38 am | Synlait

Synlait (NZX: SML; ASX: SM1) has today announced a new supply agreement with New Hope Nutritionals for production of their infant formula brands. More >>

More Regulations & Restrictions Reduce Number of Rentals

Wednesday, 16 August 2017, 9:21 am | NZ Property Investors Federation

For 17 years, forty three year old sickness beneficiary, Shanez Akhtar, has always a found a place to rent without difficulty, but that all changed 9 months ago. More >>

Shuttlerock Creative Platform Marketing Partner w/ Facebook

Wednesday, 16 August 2017, 9:19 am | Shuttlerock

Leading software content marketing platform, Shuttlerock, a New Zealand headquartered company has become an official Facebook Marketing Partner for the Creative Platform Specialty with immediate effect. Our profile can be viewed on the Facebook Marketing ... More >>

2017 Ignite Wanaka Business Awards

Wednesday, 16 August 2017, 9:17 am | Ignite Wanaka

Wanaka’s flourishing business community has another opportunity to celebrate success with the launch of this year’s Ignite Wanaka Business Awards. More >>

HiFX Morning Update, August 16 2017

Wednesday, 16 August 2017, 8:14 am | HiFX

The NZDUSD opens at 0.7238 (mid-rate) this morning. A combination of broad USD strength and a fall in dairy prices has seen the NZD underperform overnight. The NZD is the weakest of the G10 currencies with the NZDUSD currently trading at 5-week lows. This ... More >>

Dairy sector joins biosecurity fight

Tuesday, 15 August 2017, 11:03 pm | DCANZ - Dairy Companies Association New Zealand

Dairy Companies Association of New Zealand (DCANZ) today joined the Government Industry Agreement for Biosecurity Readiness and Response (GIA) to combat the threat of pests and diseases that could significantly impact New Zealand’s dairy processing sector. ... More >>

MARKET CLOSE: NZ stocks rise, as earnings glow boosts stocks

Tuesday, 15 August 2017, 8:47 pm | BusinessDesk

MARKET CLOSE: NZ stocks rise, as earnings glow boosts Summerset, Contact; Fletcher rallies on positive sentiment More >>

Dollar gets lift against yen as risk aversion subsides

Tuesday, 15 August 2017, 8:46 pm | BusinessDesk

Aug. 15 (BusinessDesk) - The New Zealand dollar got a lift against the yen, benefiting from resurgent risk appetite after North Korea's leader seemed to back down from plans to fire a missile near Guam. More >>

NZ Super Fund not aiming for a zero carbon portfolio

Tuesday, 15 August 2017, 7:42 pm | BusinessDesk

Aug. 15 (BusinessDesk) - The New Zealand Superannuation Fund is not aiming for a zero carbon portfolio and will keep investing in energy companies if they are making significant advances regarding climate change risk, says chief executive Adrian Orr. More >>

Transport committee backs target pilot procurement for EVs

Tuesday, 15 August 2017, 7:04 pm | BusinessDesk

Aug. 15 (BusinessDesk) - The government should run a target pilot procurement programme for State sector electric vehicles to help work out how to have 64,000 EVs on the country's roads by 2021, according to a select committee investigation into the future ... More >>

PM says there's no need for debt to income ratio tool

Tuesday, 15 August 2017, 6:36 pm | BusinessDesk

NZ prime minister says there's no need for debt to income ratio tool to curb lending By Rebecca Howard More >>

Rental Housing Liveability Measure

Tuesday, 15 August 2017, 4:57 pm | Groundwork

The topic of a rental housing liveability measure has been in the public arena for more than a decade. The Housing NZ ‘Statement of Intent 2017 /2021’ clearly identifies a number of areas such as “Social Leadership Initiatives” that need solutions. ... More >>

Dairy industry body joins GIA biosecurity partnership

Tuesday, 15 August 2017, 4:43 pm | New Zealand Government

Dairy industry body joins GIA biosecurity partnership The Dairy Companies Association of New Zealand (DCANZ) has become the fifteenth and largest industry sector to join the Government Industry Agreement (GIA) biosecurity partnership, Primary Industries ... More >>

‘Let’s Answer This’ - Questions mounting on water tax

Tuesday, 15 August 2017, 4:41 pm | Irrigation NZ

‘Let’s Answer This’, a campaign to get key questions on Labour’s proposed water tax answered is gathering momentum – while the fundamentals remain unclear. The questions (attached) were sent to Labour Party leader Jacinda Ardern on Friday ... More >>

Dairy company and farm managers fined over unparalleled case

Tuesday, 15 August 2017, 4:37 pm | Ministry of Primary Industries

Dairy company and farm managers fined over unparalleled case of neglect 15 August 2017 A large dairy corporation and two of its managers have been fined a total of close to $60,000 in relation to the worst case of long-term neglect in the dairy ... More >>

Strong growth in the health insurance industry

Tuesday, 15 August 2017, 4:20 pm | Health Funds Association of NZ

Strong growth in the health insurance industry over 2016/17 has been noted in the Health Funds Association's annual review, released today. Key points of the review include: * the strongest growth in health insurance coverage since 2001; * the industry's ... More >>

Animal Welfare Case – Invercargill District Court

Tuesday, 15 August 2017, 4:00 pm | Dairy NZ

The well-being of animals is at the heart of any good farming business, says DairyNZ’s animal welfare specialist, Helen Thoday. More >>

Two workplace injuries in two days and no notification

Tuesday, 15 August 2017, 3:59 pm | WorkSafe NZ

Employers must actively manage risks to ensure workers go home healthy and safe according to WorkSafe New Zealand. More >>

Clearview Estate a Hospo winner, again!

Tuesday, 15 August 2017, 3:24 pm | Clearview Winery

Clearview Estate Winery will be adding two more accolades to the walls after taking out the inaugural Outstanding Cellar Door award and the Outstanding Supplier / Sales Representative award for Lisa Clarke at the Hawke’s Bay Hospitality Awards announced ... More >>

Wellington Small Business Group relaunches better than ever

Tuesday, 15 August 2017, 3:02 pm | Wellington Small Business Group

The Wellington Small Business Group, an informal arrangement of shared interests, is to relaunch on August 23. More >>

NZ sheep numbers decline at a slower annual pace

Tuesday, 15 August 2017, 2:58 pm | BusinessDesk

Aug. 15 (BusinessDesk) - The steady decline in New Zealand's sheep numbers continued at a slower pace over the past year as farmers in some areas rebuilt their flocks following drought, natural disasters and the impact of facial eczema. More >>

NZ Super Fund shifts passive equities to low-carbon

Tuesday, 15 August 2017, 2:50 pm | NZ Superannuation Fund

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More >>

South Island gets its first liability underwriter

Tuesday, 15 August 2017, 2:33 pm | Make Lemonade

The technology sector is booming in the South Island, especially Christchurch, Dunedin, Nelson and Queenstown, Delta Insurance’s Karl Samson, the only liability underwriter on the ground in the South Island, says. More >>

1930s Tramcar to Join Christchurch Tramway Fleet

Tuesday, 15 August 2017, 2:27 pm | Christchurch Attractions

A tramcar built in the 1930s which carried passengers on the Sydney tramway network for many years before being used to house tobacco farm workers in northern New South Wales, has arrived at the Port of Lyttelton to become part of the Christchurch tramway ... More >>

Infratil's Canberra Data Centres inks deal with Microsoft

Tuesday, 15 August 2017, 2:19 pm | BusinessDesk

Aug. 15 (BusinessDesk) - Infratil investment Canberra Data Centres has inked a deal with Microsoft to deliver hyper-scale cloud services for government data and has approved the construction of a new data centre. More >>

Parnell business wins out over the big banks

Tuesday, 15 August 2017, 2:16 pm | New Zealand Home Loans

Tuesday 15 August 2017 Parnell business wins out over the big banks in customer service battle More >>

Research reveals key to employee benefits

Tuesday, 15 August 2017, 2:14 pm | Hays

Fifty-seven per cent of New Zealanders would like a job offering more than 20 days of annual leave, while 55% would like a day off work for their birthday, according to recruiting experts Hays. More >>

Property Institute applauds dumping of DTI plans

Tuesday, 15 August 2017, 1:57 pm | New Zealand Property Institute

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More >>

Ryman Healthcare ranked as one of the best in the world

Tuesday, 15 August 2017, 1:49 pm | Ryman Healthcare

Media release – August 15 2017 Ryman Healthcare ranked as one of the best in the world Only Kiwi company recognised for top returns to shareholders Ryman Healthcare has been ranked one of the top 10 best performing healthcare companies in the world ... More >>

ANZ New Zealand 9-mth earnings jump 19%

Tuesday, 15 August 2017, 1:47 pm | BusinessDesk

ANZ New Zealand 9-mth earnings jump 19% on smaller bad debt charges, cost cutting More >>

More transparency on Fonterra's off-GDT sales required

Tuesday, 15 August 2017, 1:03 pm | BusinessDesk

Aug. 15 (BusinessDesk) - The Commerce Commission wants Fonterra Cooperative Group to be more forthcoming in the information it provides about sales outside the GlobalDairyTrade platform which are becoming more important to the world's biggest dairy exporter. More >>

Summerset posts 45% rise in 1H earnings

Tuesday, 15 August 2017, 1:00 pm | BusinessDesk

Aug. 15 (BusinessDesk) - Summerset Group, New Zealand's second-largest retirement village developer, posted a 45 percent gain in first-half underlying earnings and reiterated that full-year profit may increase by a third as it ramps up development. More >>

NZX more than doubles 1H profit

Tuesday, 15 August 2017, 12:58 pm | BusinessDesk

NZX more than doubles 1H profit as it focusses on cutting costs, business review By Sophie Boot More >>

Fast charge your electric vehicle for free in Pukekohe

Tuesday, 15 August 2017, 12:03 pm | Counties Power

Counties Power today officially launched the charger in Pukekohe. Situated in the public car park beside Countdown in the town’s CBD, the charger will fully charge a vehicle in around 20 minutes, making electric vehicles a more efficient and user-friendly ... More >>

Labour's water charging policy 'reckless', says English

Tuesday, 15 August 2017, 11:41 am | BusinessDesk

Aug. 15 (BusinessDesk) - The Labour Party has "bumbled into" its policy to charge for water in a "reckless" way that would put a Labour-led government on a collision course with both Maori and other water users, Prime Minister Bill English said at ... More >>

NZ dollar falls as US, North Korean tensions ease

Tuesday, 15 August 2017, 11:39 am | BusinessDesk

Aug. 15 (BusinessDesk) - The New Zealand dollar fell against the greenback as cooling panic over tensions between the US and North Korea reinvigorated risk appetite, prompting a recovery in stocks on Wall Street. More >>

The First Red Noses Hit the Roads Across NZ

Tuesday, 15 August 2017, 11:35 am | Fastway Couriers

The First Red Noses Hit the Roads Across NZ as Cure Kids Put Wheels in Motion for Red Nose Day 2017 More >>

ANZ New Zealand Disclosure Statement - Nine Months to June

Tuesday, 15 August 2017, 11:35 am | ANZ Bank

Australia and New Zealand Banking Group Limited (ANZ) NZ Branch Disclosure Statement for the nine months ended 30 June 2017 was released today, showing unaudited statutory profit of NZ$1,275 million for ANZ New Zealand [1] , up from NZ$1,193 million in ... More >>

Construction industry develops practical plan

Tuesday, 15 August 2017, 11:31 am | New Zealand Construction Industry Council

New Zealand’s building and construction industry developed a practical plan to help respond to the country’s building and construction needs at the “all-of-industry” Constructive Forum, which was held on 2-4 August in Auckland. More >>

While You Were Sleeping: Wall St Rebounds

Tuesday, 15 August 2017, 11:20 am | BusinessDesk

Aug. 15 (BusinessDesk) - Wall Street climbed as investors found value in some stocks following last week’s declines. More >>

Property Institute Tells Homeowners What to Expect

Tuesday, 15 August 2017, 11:00 am | New Zealand Property Institute

Property Institute of New Zealand Chief Executive Ashley Church has moved to reassure kiwi homeowners about what to expect from the property market over the next two or three years saying that what lies ahead is ‘mostly predictable’. More >>

Entries in Customer Choice Awards Smash Previous Record

Tuesday, 15 August 2017, 10:49 am | Electra Kapiti Horowhenua Business Awards

Entries in the Customer Choice category of the 2017 Electra Kapiti Horowhenua Business Awards have now closed and organisers are thrilled by the number of companies seeking to be named amongst the region’s most customer friendly businesses. More >>

InvestNow introduces new ways to buy the world

Tuesday, 15 August 2017, 10:40 am | InvestNow

Online managed fund platform, InvestNow, has added a compelling range of NZX Smartshares products to its rapidly-growing menu. More >>

Harcourts' National Overview

Tuesday, 15 August 2017, 10:30 am | Harcourts

Harcourts CEO Chris kennedy says it’s a time when many New Zealanders hold off on making important financial decisions, to see the lay of the land after election night. More >>

New Zealand’s beef cattle herd continues to grow

Tuesday, 15 August 2017, 10:29 am | Beef And Lamb NZ

Beef + Lamb New Zealand says that during the past year, New Zealand’s beef cattle herd increased by 2.8 per cent – to 3.6 million head – while the decline in the sheep flock slowed sharply as sheep numbers recovered in key regions after drought ... More >>