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Latest Business Headlines [Page 3]

Consultation opens on dual language disclosure documents

Tuesday, 17 April 2018, 3:17 pm | Financial Markets Authority

The FMA is seeking submissions on its proposal to enable companies offering investments to publish product disclosure statements (PDS) in both te reo Māori and English. More >>

UPDATE: Restaurant Brands lifts FY profit 37%

Tuesday, 17 April 2018, 3:03 pm | BusinessDesk

April 17 (BusinessDesk) - Restaurant Brands New Zealand increased annual profit 37 percent after the fast-food operator lifted earnings in its local market and benefited from its new businesses in Australia and Hawaii. It's now eyeing expansion to the ... More >>

Powerhouse investee firm Motim calls special meeting

Tuesday, 17 April 2018, 2:58 pm | BusinessDesk

April 17 (BusinessDesk) - Mobile marketing tech firm Motim Technologies, whose chair was dumped by cornerstone shareholder Powerhouse Ventures in January, will hold a special meeting at the end of the month to approve an asset sale as a precursor to ... More >>

2018 Festival of Architecture curator announced

Tuesday, 17 April 2018, 1:53 pm | New Zealand Institute of Architects

The New Zealand Institute of Architects has announced that Jeremy Hansen, former editor of Paperboy and Home New Zealand, will curate the public programme of the 2018 Festival of Architecture. The nationwide Festival, which will include presentations, ... More >>

Bigger role for water companies in farm strategy

Tuesday, 17 April 2018, 1:35 pm | Roger Dennis

Irrigation companies have a bigger role to play in helping farmers make strategic decisions on land use, future innovation strategist Roger Dennis says. More >>

Fletcher unveils $1.25B refinancing plan

Tuesday, 17 April 2018, 1:31 pm | BusinessDesk

April 17 (BusinessDesk) - Fletcher Building has unveiled a $1.25 billion refinancing plan to strengthen its balance sheet after extending talks with US noteholders over a breach of its lending conditions. More >>

MBIE Report Highlights Importance of Manufacturing

Tuesday, 17 April 2018, 1:18 pm | The Manufacturers' Network

The report, ‘Beyond commodities: Manufacturing into the future’ released today by the Ministry of Business, Innovation and Employment provides great insight into New Zealand’s manufacturing sector, showing the value it brings to our economy, ... More >>

Manufacturing in NZ - what does the future hold?

Tuesday, 17 April 2018, 1:15 pm | EMA

A comprehensive report on New Zealand’s manufacturing sector signals some of the strengths and challenges facing the sector at present. More >>

Entries open for Fine Food NZ Innovation Awards

Tuesday, 17 April 2018, 1:08 pm | Fine Food NZ

Have you recently launched a breakthrough product or service in the food, beverage, food service or hospitality industries? Show it off and stand a chance of winning one of the coveted Fine Food New Zealand Innovation Awards. More >>

Restaurant Brands lifts FY profit 37%

Tuesday, 17 April 2018, 1:02 pm | BusinessDesk

April 17 (BusinessDesk) - Restaurant Brands New Zealand increased annual profit 37 percent after the fast-food operator lifted earnings in its local market and benefited from its expanded business through Australia and Hawaii. More >>

Summerset buys land for second Napier village

Tuesday, 17 April 2018, 1:01 pm | BusinessDesk

Summerset buys land for second Napier village, Metlife finalises deal for Hobsonville site By Paul McBeth More >>

Smiths City to write down unprofitable stores by $4.8M

Tuesday, 17 April 2018, 12:44 pm | BusinessDesk

April 17 (BusinessDesk) - Smiths City Group will write down several unprofitable stores by $4.8 million as the rebranded Auckland stores struggle to gain traction with an unfamiliar clientele, pushing the retailer into the red for the current financial ... More >>

FlexiGroup ‘Virtual Contact Centre’ takes off in regions

Tuesday, 17 April 2018, 12:35 pm | FlexiGroup

A virtual contact centre pilot run by financial services provider, FlexiGroup New Zealand, has seen the organisation extend its customer services operations to include employees working remotely from home across New Zealand. More >>

Water quality results show pleasing improvements

Tuesday, 17 April 2018, 12:32 pm | Federated Farmers

Federated Farmers says all the hard work being done to improve our freshwater quality is starting to pay off. More >>

NZ house sales drop 9.9% in March

Tuesday, 17 April 2018, 12:31 pm | BusinessDesk

April 17 (BusinessDesk) - New Zealand house sales fell 9.9 percent and took a day longer to sell in March from a year earlier as a cooling Auckland property market continued to weigh on the national outlook. More >>

Fletcher to raise $750M selling shares at deep discount

Tuesday, 17 April 2018, 12:26 pm | BusinessDesk

April 17 (BusinessDesk) - Fletcher Building plans to raise $750 million in an underwritten offer to shareholders at a deep discount and sell its Formica and steel roof tile businesses, strengthening its balance sheet and gaining support from its banking ... More >>

Big wet spurs third earnings guidance upgrade for Mercury

Tuesday, 17 April 2018, 12:11 pm | BusinessDesk

April 17 (BusinessDesk) - Electricity generator and retailer Mercury NZ raised annual earnings guidance fpr a third time as persistent wet weather in the central North Island swelled the electricity generator-retailer's hydro scheme. More >>

NZ dollar falls to near 2-week low

Tuesday, 17 April 2018, 11:54 am | BusinessDesk

April 17 (BusinessDesk) - The New Zealand dollar fell to near a two-week low against the pound on speculation economic data including employment and wages will build the case for a rate hike by the Bank of England next month. More >>

Ignore the bad news if you want your business to grow

Tuesday, 17 April 2018, 10:58 am | Business NZ

If you want to grow your business, ignore the bad news about Labour’s taxes and Trump’s trade war because anything other than an optimistic mindset is going to be bad for your business personally. More >>

While you were sleeping: Earnings optimism lifts Wall St

Tuesday, 17 April 2018, 10:48 am | BusinessDesk

April 17 (BusinessDesk) - Wall Street moved higher as investors geared up for the US earnings season amid easing concern about a global trade war and geopolitical tensions. More >>

John Gordon Named Meadow Fresh New Zealand Barista Champion

Tuesday, 17 April 2018, 10:14 am | Marvellous Marketing

Aucklander John Gordon of Gorilla Gear beat eight other baristas to claim the mantle of Meadow Fresh New Zealand Barista Champion 2018 in Wellington this weekend. More >>

Legal Technology Index First of Its Kind

Tuesday, 17 April 2018, 10:12 am | LawFest

This week LawFest NZ launched the country’s first index of legal technology businesses for legal professionals. The NZ Legal Technology Index lists specialist legal technology businesses that provide solutions to business challenges, so legal services can be ... More >>

March sees record house prices for NZ driven by regions

Tuesday, 17 April 2018, 10:10 am | REINZ

The median house price for New Zealand rose 1.8% in March 2018 to reach a new record high of $560,000 up from $550,000 in March 2017 according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete and ... More >>

Record-breaking rents in the provinces

Tuesday, 17 April 2018, 10:08 am | Trade Me Limited

Record-breaking rents in the provinces Tenants outside New Zealand’s three major metropolitan areas are facing record-breaking rents after the median rent climbed 6.8 per cent to an all time high of $395 per week, according to the latest Trade ... More >>

DIGMYIDEA Māori Innovation Challenge launches

Tuesday, 17 April 2018, 10:02 am | DIGMYIDEA Maori Innovation Challenge

The DIGMYIDEA Māori Innovation Challenge is now open, with the competition calling on budding Māori digital entrepreneurs to put their ideas forward. More >>

Te Papa digital chief one of 15 women in top group

Tuesday, 17 April 2018, 9:59 am | Make Lemonade

Te Papa Tongarewa museum’s first chief digital officer Melissa Firth, who built a digital team almost from scratch, has been named among the top 100 CIOs in New Zealand for 2018. More >>

BluVector, Endace Announce Partnership at RSA

Tuesday, 17 April 2018, 9:45 am | Endace

BluVector, Endace Announce Partnership at RSA to Provide Security Operations Centers with Fast, Confident Attack Detection, Analytics and Response Solution Collaboration adds BluVector’s AI-Driven Network Security Technology to Endace’s Network Recording ... More >>

NZ businesses make moves to future-proof their fleets

Tuesday, 17 April 2018, 9:44 am | Driveline Fleet Ltd

With a global commitment towards minimising carbon emissions, New Zealand businesses are increasingly embracing more sustainable transport options to get their employees from A to B. More >>

Turangi realtor pledges to Greenlea Rescue Helicopter

Tuesday, 17 April 2018, 9:33 am | Century 21 Real Estate

Century 21 Premier has announced the Greenlea Rescue Helicopter will be the recipient of its next charity auction and dinner. More >>

Mercury Q3 Operating Statistics & Guidance Update

Tuesday, 17 April 2018, 9:15 am | Mercury Energy

Mercury announced today that it has lifted its FY2018 EBITDAF guidance from $530 million to $540 million. This is due to an expected 150 GWh increase in full year forecast hydro generation due to continued wet weather in the Taupo area. Annual ... More >>

Royal Wolf appoints new Business Development Manager

Tuesday, 17 April 2018, 9:09 am | Royal Wolf

Royal Wolf, the largest supplier of shipping containers in Australasia, has appointed Franceine Wilson as Business Development Manager as it continues to expand in the New Zealand market. More >>

Easy Choice to feed Kiwi families for $60

Tuesday, 17 April 2018, 9:07 am | Love Food Hate Waste

A new free meal planner and recipe book from Love Food Hate Waste is making dinner time easier for lower income Kiwi families as the cost of food rises. More >>

New leadership team roles for the new InternetNZ

Tuesday, 17 April 2018, 9:05 am | Internet NZ

InternetNZ is pleased to confirm the structure of its leadership team as part of its evolution in being a trusted steward of the .nz domain and in building a better online New Zealand. More >>

NZ waste-busting business launches on Earth Day

Tuesday, 17 April 2018, 8:46 am | EarthSavvy

After learning about the zero waste movement three years ago, West Auckland resident, Kristy Lorson began to transform her household, replacing environmentally-damaging disposable products with sustainable reusable alternatives. Now, with her husband ... More >>

HiFX Morning Update, April 17, 2018

Tuesday, 17 April 2018, 8:43 am | HiFX

The NZDUSD opens at 0.7345 (mid-rate) this morning. A rebound in US retail sales in March has seen US equity markets push higher but has had little effect on the currency. Following on from three consecutive monthly declines the US Commerce Department ... More >>

Electricity review panel looks favourable to current market

Monday, 16 April 2018, 9:43 pm | BusinessDesk

April 16 (BusinessDesk) - The government's electricity sector review appears firmly weighted against any major change to market settings, with six of its eight members identifiably supportive of the broad thrust of electricity market reforms over the ... More >>

MARKET CLOSE: NZ shares fall; Ebos, Ryman, Air NZ drop

Monday, 16 April 2018, 8:49 pm | BusinessDesk

April 16 (BusinessDesk) - New Zealand shares fell in relatively subdued trading, led by Ebos Group, Ryman Healthcare, Air New Zealand and Fletcher Building. Comvita fell after a profit warning while A2 Milk gained on news of a deal in South Korea. More >>

Zespri says Gold3 licensing to generate up to $195M in 2018

Monday, 16 April 2018, 8:48 pm | BusinessDesk

April 16 (BusinessDesk) - Zespri Group said corporate revenue from the 2018 allocation of the Gold3 license release will be $190 million to $195 million, or around $253,000-to-$260,000 per hectare, a figure that is up on the prior year. More >>

NZ dollar largely unchanged

Monday, 16 April 2018, 8:12 pm | BusinessDesk

April 16 (BusinessDesk) - The New Zealand dollar was largely unchanged against the greenback with investors fairly sanguine about the US-led strikes on Syria over the weekend after a muted reaction from Russia. More >>

No earnings impact from Rolls Royce engine checks: Air NZ

Monday, 16 April 2018, 8:00 pm | BusinessDesk

Some travel disruption but no earnings impact from Rolls Royce engine checks, says Air NZ More >>

NZ inflation may have slowed in first quarter

Monday, 16 April 2018, 7:17 pm | BusinessDesk

April 16 (BusinessDesk) - New Zealand's annual pace of inflation probably slowed in the first three months of the year as the government's 'fees free' tertiary education policy comes into effect, removing price pressures in the sector. More >>

High Court hearing on Trans-Tasman Resources underway

Monday, 16 April 2018, 6:30 pm | BusinessDesk

April 16 (BusinessDesk) - A four-day hearing kicked off in the Wellington High Court challenging the Environmental Protection Authority-appointed committee’s decision to grant a marine consent to Trans-Tasman Resources’ offshore iron mining project ... More >>

A2 shares rise on new distribution deal

Monday, 16 April 2018, 6:28 pm | BusinessDesk

April 16 (BusinessDesk) - A2 Milk Co has signed an exclusive distribution deal with Yuhan Corp in South Korea, more than a decade after an earlier foray into that country which ended in litigation. The milk marketing firm's shares rose 1.3 percent. More >>

National transport strategy needs to get runs on the board

Monday, 16 April 2018, 6:26 pm | BusinessDesk

April 16 (BusinessDesk) - New Zealand's government needs to get some tangible wins with its national transport strategy in building a more efficient, resilient and sustainable freight network to avoid returning to an uncoordinated policy, says Mainfreight ... More >>

Concerns around pressure from growing international tourism

Monday, 16 April 2018, 5:32 pm | Angus and Associates

New research by Angus & Associates shows that while New Zealanders recognise the value of tourism, there is widely held concern that international visitors are putting too much pressure on the country. Ninety five percent of New Zealanders agree ... More >>

Chairman and incumbent director returned to board

Monday, 16 April 2018, 5:29 pm | Silver Fern Farms

Rob Hewett and Fiona Hancox have been re-elected to the Silver Fern Farms’ Co-operative Limited’s Board of Directors. More >>

Reducing emissions by using food waste can also make money

Monday, 16 April 2018, 4:20 pm | Bioenergy Association

In response to the Government’s policy of achieving zero emissions by 2050 the Bioenergy Association says “Reducing greenhouse gas emissions from food processing sector waste should be at the top of the list for encouragement from Government if ... More >>

Wintering practices important

Monday, 16 April 2018, 3:51 pm | Waikato Regional Council

The weather already this year has been a mixed bag of wet and dry. The winter season is now around the corner and who knows what that will bring! More >>

Electric vehicle selection set to take off

Monday, 16 April 2018, 3:38 pm | Drive Electric

New electric vehicles will hit the market at a rapid pace over the next two years, not-for-profit group Drive Electric says. More >>

Hotel conference focusing on regional growth

Monday, 16 April 2018, 2:29 pm | Tourism Industry Aotearoa

Hotel conference focusing on regional growth How to better share the benefits of New Zealand’s tourism boom with the regions will be a big focus of this year’s New Zealand Hotel Industry Conference. Registrations for the conference, in Auckland ... More >>

Wet weather pushes vege prices up 11% in March

Monday, 16 April 2018, 2:18 pm | BusinessDesk

April 16 (BusinessDesk) - New Zealand food prices rose 1 percent in March from February as wet weather pushed up vegetable prices 11 percent. More >>

NZ services activity expands for first time in four months

Monday, 16 April 2018, 2:08 pm | BusinessDesk

April 16 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, expanded for the first time in four months, in March, led by strong sales growth after a storm-dented start to the year. More >>

Gas and oil ban not the way to transition

Monday, 16 April 2018, 2:07 pm | Business Central

Gas and oil ban not the way to transition to a carbon-zero New Zealand More >>

Auckland to host international AI conference

Monday, 16 April 2018, 1:58 pm | ATEED

The latest developments in the fascinating and fast-moving world of artificial intelligence will be revealed and discussed in Auckland in 2020, when the International Conference on Autonomous Agents and Multiagent Systems (AAMAS) comes to New Zealand for the ... More >>

Comvita advises of possible takeover

Monday, 16 April 2018, 1:52 pm | BusinessDesk

April 16 (BusinessDesk) - Comvita, the NZX-listed manuka honey company, foreshadowed that it may be the subject of a takeover, with an unidentified third party currently undertaking due diligence to assess the business. More >>

Ellerston Capital sees Fletcher as a turnaround story

Monday, 16 April 2018, 1:09 pm | BusinessDesk

Ellerston Capital, with interest in 5.1% Fletcher stake, sees builder as a turnaround story More >>

Impact Investing Network announces National Advisory Board

Monday, 16 April 2018, 1:05 pm | Impact Investing Network

Eight visionaries from around the country have been elected and appointed to form the National Advisory Board for Impact Investing in New Zealand. More >>

Genesis Energy nabs former ASB CEO Barbara Chapman

Monday, 16 April 2018, 1:02 pm | BusinessDesk

April 16 (BusinessDesk) - Genesis Energy, New Zealand's largest electricity generator and retailer by customers, has lured former ASB Bank chief executive Barbara Chapman onto its board, replacing John Leuchars, who is leaving after a six-year stint as ... More >>

Palmerston North breaks new records for building consents

Monday, 16 April 2018, 12:46 pm | Palmerston North City Council

Building consents with a total value of $42m were approved by Council in March. This is the highest monthly total recorded since statistics began in April 1990. More >>

Targeted Attack Analytics Can Uncover Cyber Attacks

Monday, 16 April 2018, 12:18 pm | Symantec

Symantec Targeted Attack Analytics Enables Customers to Uncover the Most Sophisticated and Dangerous Cyber Attacks More >>