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Latest Business Headlines [Page 3]

RJ’s Licorice is Wellington Exporter of the Year

Thursday, 22 June 2017, 9:58 am | Wellington Chamber Of Commerce

Licorice maker RJ’s Licorice is the winner of the inaugural ASB Wellington Exporter of the Year Award. More >>

Primary Sector Science Roadmap ‘not all about food’

Thursday, 22 June 2017, 9:44 am | NZ Forest Owners' Association

The just released Primary Sector Science Roadmap features a pine tree nursery on its front cover. More >>

India Trade Alliance Bridges NZ India Agriculture Divide

Thursday, 22 June 2017, 9:31 am | India Trade Alliance

India Trade Alliance was once again on the forefront of cementing Agriculture business and government relations between the state of Haryana, India and New Zealand. More >>

HiFX Data Update - RBNZ Official Cash Rate Decision

Thursday, 22 June 2017, 9:26 am | HiFX

The RBNZ have maintained the Official Cash Rate (OCR) at 1.75%. This was widely expected. More >>

Next steps outlined for the Commission’s decision on Powerco

Thursday, 22 June 2017, 9:23 am | Commerce Commission

The Commerce Commission has today released a process paper detailing the next steps for assessing lines company Powerco’s application proposing price increases to meet the cost of its planned $1.32 billion investment in its electricity lines network. More >>

Official Cash Rate unchanged at 1.75 percent

Thursday, 22 June 2017, 9:08 am | Reserve Bank

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. More >>

HiFX Morning Update, June 22 2017

Thursday, 22 June 2017, 8:45 am | HiFX

A further fall in oil prices despite a sharp drop in U.S. oil stockpiles has seen the NZD along with other commodity-linked currencies underperform against the majors. More >>

NZ dollar tad weaker

Wednesday, 21 June 2017, 8:16 pm | BusinessDesk

June 21 (BusinessDesk) – The New Zealand dollar is slightly weaker as markets anticipate the central bank will attempt to jawbone it lower in tomorrow's official cash rate review while keeping rates on hold at 1.75 percent. More >>

Supreme Court judges mull interpretation of ERA

Wednesday, 21 June 2017, 6:52 pm | BusinessDesk

June 21 (BusinessDesk) – The Supreme Court is concerned an overly broad interpretation of the Employment Relations Act could limit employers' negotiating powers, as Affco and the Meat Workers Union continue their dispute in the country's highest court. More >>

FMA weighs up fast-tracking personalised robo-advice

Wednesday, 21 June 2017, 6:12 pm | BusinessDesk

June 21 (BusinessDesk) - The Financial Markets Authority is considering using its powers to fast-track automated personalised financial advice ahead of the expected 2019 schedule in the latest overhaul of legislation governing the sector. More >>

Costly science funding applications

Wednesday, 21 June 2017, 6:11 pm | BusinessDesk

Costly science funding applications still the elephant in the room By Rebecca Howard June 21 (BusinessDesk) – Funding remains the elephant in the room for the scientific community and while the end point of research is positive, there is a need to keep ... More >>

MARKET CLOSE: NZ shares join global retreat as oil declines

Wednesday, 21 June 2017, 6:09 pm | BusinessDesk

MARKET CLOSE: NZ shares join global retreat as oil declines; dual-listed Fletcher, Air NZ drop More >>

Growing job vacancies in tourism & hospitality

Wednesday, 21 June 2017, 5:05 pm | Tourism Industry Association

Growing job vacancies in tourism & hospitality New job vacancy data illustrates the difficulties tourism and hospitality businesses are facing to find good staff, Tourism Industry Aotearoa says. The latest Jobs Online report issued today by the ... More >>

Vodafone Surfing Speed up 30%

Wednesday, 21 June 2017, 4:53 pm | TrueNet

Vodafone Cable connections show a 31% increase in NZ webpage average speed this month compared to last month. Vodafone Fibre shows a 29% increase month on month. More >>

UDC Finance debenture holders approve change to Trust Deed

Wednesday, 21 June 2017, 4:37 pm | ANZ Bank

UDC Finance debenture holders approve amendment to Trust Deed UDC Finance Limited’s (UDC) debenture holders today passed a special resolution to amend the company’s Trust Deed. The amendment requires UDC to repay Secured Investments if a sale to ... More >>

NZ Start-Up looking to build the future

Wednesday, 21 June 2017, 4:09 pm | Taiga

Auckland, New Zealand: Introducing the “Sentinel40”, an advanced habitat that incorporates Japanese tech and off-grid capabilities in a 40ft container that can be shipped anywhere in world. More >>

Performance reviews – are they as dead as the dinosaurs?

Wednesday, 21 June 2017, 3:16 pm | Hays

Almost two-thirds (63 per cent) of managers in New Zealand would like to ditch the annual performance review in favour of more regular feedback, according to a survey by recruiting experts Hays. More >>

New purpose built Dunedin harbour premises for Steel & Tube

Wednesday, 21 June 2017, 3:05 pm | Steel and Tube Holdings

Steel & Tube has unveiled its new warehousing, office and trade shop space to customers and shareholders at an official opening by Minister and Dunedin MP Michael Woodhouse. More >>

FMA seeks feedback on robo-advice exemption

Wednesday, 21 June 2017, 2:35 pm | Financial Markets Authority

The FMA is seeking feedback on its proposals to allow entities to provide personalised financial advice generated by a computer programme or algorithm (robo-advice). This would be a temporary measure before new legislation is passed by Parliament. More >>

Kiwi Technology In Demand In Bermuda

Wednesday, 21 June 2017, 2:25 pm | Bison

BISON, the New Zealand tech company, has just shipped a second set of its pioneering container scales to Bermuda, this time to the America's Cup Event Authority (ACEA). The ACEA follows the lead of Emirates Team New Zealand (ETNZ), who have already adopted ... More >>

The ABC of bribery & corruption: Deloitte 2017 survey

Wednesday, 21 June 2017, 1:33 pm | Deloitte

Kiwi organisations appreciate the risks associated with bribery and corruption but their response is comparatively slow More >>

Huge America’s Cup success for small NZ company

Wednesday, 21 June 2017, 1:31 pm | Igtimi

A small New Zealand firm is making a giant contribution to the America’s Cup. More >>

New portal offers wide range of training for vet practices

Wednesday, 21 June 2017, 12:45 pm | Bayer NZ

Auckland 21 June 2017 – Today, Bayer New Zealand has launched VetSpace, a new training portal that provides a wide range of online training essentials for keeping veterinary clinics up-to-date with new developments. More >>

Smiths City FY profit halves from year-earlier result

Wednesday, 21 June 2017, 12:37 pm | BusinessDesk

June 21 (BusinessDesk) – Smiths City Group's annual profit more than halved without the one-off gain from the sale of its Colombo St store in 2016, although underlying earnings jumped from wider margins in its finance division and a smaller restructuring ... More >>

Tourism Holdings raises annual earnings guidance

Wednesday, 21 June 2017, 11:50 am | BusinessDesk

June 21 (BusinessDesk) – Tourism Holdings raised its earnings guidance and says annual profit will probably rise by about 21 percent as New Zealand continues to register record visitor numbers. More >>

NZ dollar hits 3 1/2 mth high vs Pound

Wednesday, 21 June 2017, 11:49 am | BusinessDesk

June 21 (BusinessDesk) – The New Zealand dollar rose to a three-and-a-half month high against the British pound after Bank of England governor Mark Carney talked down the need for early interest rate hikes, while the Reserve Bank's policy review ... More >>

Bauer Media Group Appoints Paul Dykzeul

Wednesday, 21 June 2017, 11:18 am | Bauer Media

Bauer Media Group have named experienced media executive Paul Dykzeul as chief executive officer of Bauer Media Australia and New Zealand. More >>

While you were sleeping: Oil hits lowest this year

Wednesday, 21 June 2017, 11:16 am | BusinessDesk

June 21 (BusinessDesk) – Wall Street declined from record highs as oil prices slid to the lowest level in seven months amid unabated concern about the global glut. More >>

Online Job Advertisements Steady Again in May

Wednesday, 21 June 2017, 10:51 am | MBIE

The numbers of online job advertisements were steady with an increase of 0.6 per cent in May and 11.8 per cent over the year, according to the latest Ministry of Business, Innovation and Employment (MBIE) Jobs Online report. More >>

REINZ announces National Real Estate Auctioneering Champion

Wednesday, 21 June 2017, 10:46 am | REINZ

The Real Estate Institute of New Zealand (REINZ) is delighted to announce that Ned Allison from Harcourts Grenadier in Christchurch is the winner of the 2017 REINZ National Real Estate Auctioneering Championships. Mark McGoldrick from Harcourts ... More >>

Private insurers receive $1.8b Kaikōura earthquake claims

Wednesday, 21 June 2017, 10:13 am | Insurance Council

The total value of insurance claims for the 14 November Kaikōura earthquake as at 31 May 2017 is $1.84 billion the Insurance Council reported today. More >>

Dairy product prices slip for the first time since March

Wednesday, 21 June 2017, 10:06 am | BusinessDesk

June 21 (BusinessDesk) – Dairy product slipped at the Global Dairy Trade auction, declining for the first time since March More >>

MEUG welcomes report by the Auditor- General

Wednesday, 21 June 2017, 9:45 am | Major Electricity Users Group

The Major Electricity Users Group (MEUG) welcomes the report by the Auditor-General yesterday on Managing the assets that distribute electricity.1 More >>

Suncorp launches inaugural Business Success Index

Wednesday, 21 June 2017, 9:41 am | Suncorp

A Suncorp New Zealand survey of New Zealand businesses has revealed that their view of success is not defined by growth - challenging the theory that bigger is best. More >>

Landlords and tenants – are you ready for July 2019?

Wednesday, 21 June 2017, 9:39 am | Ministry of Business Innovation and Employment

Renting seminars are returning in 2017 to help landlords and tenants better understand changes to tenancy laws and how to put them into practice. More >>

Visa Complications Plague Young Kiwis Planning Their Big OE

Wednesday, 21 June 2017, 9:11 am | Boyes PR

Young New Zealanders planning their Big OE are being hampered by visa complications, which are sometimes so difficult to understand that expert advice is the only solution. The tit for tat spat over visas between New Zealand and South Africa means that many ... More >>

Wholesale broadband price drop passed through to consumers

Wednesday, 21 June 2017, 9:06 am | Commerce Commission

The Commerce Commission has today released a study showing that 90% of the recent reductions in Chorus’ regulated wholesale broadband prices have flowed through to consumers. More >>

HiFX Morning Update, June 21 2017

Wednesday, 21 June 2017, 8:24 am | HiFX

The NZDUSD opens at 0.7228 (mid-rate) this morning. More >>

Affco, Meat Workers Union in Supreme Court over bargaining

Tuesday, 20 June 2017, 9:37 pm | BusinessDesk

June 20 (BusinessDesk) – Affco and the Meat Workers Union took their battle over unlawful lockouts during negotiations to the Supreme Court today, the latest stage in the long-running dispute. More >>

Home Loan Affordability report

Tuesday, 20 June 2017, 9:06 pm | Interest.co.nz

nterest.co.nz Home Loan Affordability report For May 2017 - for immediate release Saving a 20% deposit for a lower-priced home in Auckland would take from 6.3 years to 8.7 years for typical first home buyers on median incomes ------------- PLEASE ... More >>

SFO charges Ponzi accused Hibbs with defrauding investors

Tuesday, 20 June 2017, 9:01 pm | BusinessDesk

June 20 (BusinessDesk) – The Serious Fraud Office has charged Christchurch businessman Paul Hibbs with defrauding investors by operating a Ponzi scheme. More >>

MARKET CLOSE: NZ shares touch new record as Air NZ flies

Tuesday, 20 June 2017, 8:59 pm | BusinessDesk

MARKET CLOSE: NZ shares touch new record as Air NZ flies to 16-year high; Spark, Ryman weigh More >>

NZ dollar pares overnight losses

Tuesday, 20 June 2017, 8:59 pm | BusinessDesk

June 20 (BusinessDesk) – The New Zealand dollar recovered some overnight losses after New York Federal Reserve President William Dudley signalled a willingness to gradually increase US interest rates to support economic growth but the local currency ... More >>

Scott Technology buys Dunedin engineering firm DC Ross

Tuesday, 20 June 2017, 8:58 pm | BusinessDesk

June 20 (BusinessDesk) – Scott Technology has bought Dunedin engineering firm DC Ross out of receivership and, separately, plans to expand its existing facilities in the Otago city. More >>

Consortia short-listed for 2500 Chch Housing NZ properties

Tuesday, 20 June 2017, 8:57 pm | BusinessDesk

June 20 (BusinessDesk) – Three consortia consisting of community housing providers and private investors have been short-listed to buy 2,500 Housing New Zealand properties in Christchurch. More >>

KPMG NZ leadership report aims at fuelling prosperity

Tuesday, 20 June 2017, 5:23 pm | KPMG

Our leadership report is designed to assist new generations of New Zealand business leaders in their business relationships. This report draws on insights gathered from 51 of New Zealand’s top CEOs surveyed, and compares key insights with those from ... More >>

MTA Appoints New Director to Dekra New Zealand Board

Tuesday, 20 June 2017, 4:57 pm | Motor Trade Association

MTA Appoints New Director to Dekra New Zealand Board MTA has appointed Auckland independent director Mark Gilbert as one of its two directors on the DEKRA New Zealand Board, the governing body for VTNZ. He joins MTA President Dave Harris and takes over from ... More >>

SBS Bank boosts annual profit 37%

Tuesday, 20 June 2017, 4:51 pm | BusinessDesk

SBS Bank boosts annual profit 37% as lender beefs up exposure to Auckland property investors More >>

Judge orders liquidation of company tied to Ngatata Love

Tuesday, 20 June 2017, 4:41 pm | BusinessDesk

June 20 (BusinessDesk) – Associate Judge Warwick Smith today ordered the liquidation of Pipitea Street Development Limited (PSDL), a company linked to the fraud case involving Ngatata Love, in Wellington's High Court at the request of Inland Revenue. More >>

Ports making ‘parochial, emotional’ investment decisions

Tuesday, 20 June 2017, 4:40 pm | BusinessDesk

June 20 (BusinessDesk) - Local government owners of New Zealand ports are still inclined to make “emotional and parochial” investment decisions even though the Ports Act requires them to manage port facilities so they return more than their ... More >>

NZ consumer confidence climbs to five-month high

Tuesday, 20 June 2017, 4:29 pm | BusinessDesk

June 20 (BusinessDesk) – New Zealand consumer confidence rose to a five-month high on a strong labour market and the government's boost to household incomes, announced in last month's Budget. More >>

GCSB backing for Groser's WTO bid within the rules

Tuesday, 20 June 2017, 3:16 pm | BusinessDesk

June 20 (BusinessDesk) – The Government Communications Security Bureau's support for former Cabinet minister Tim Groser's bid to lead the World Trade Organisation almost five years ago was above board and within the spy agency's remit, says Inspector-General ... More >>

Chinese Delegation Held Auckland Trade Expo

Tuesday, 20 June 2017, 3:12 pm | Weifang Shandong Branded Products Expo 2017

Chinese Delegation Held Auckland Trade Expo A 50 business-strong trade delegation has held the inaugural New Zealand-China (Weifang Shandong) Branded Products Expo in Auckland on Friday 15 June at the Vodafone Event Centre. More >>

Entries open for the 2017 Hawke’s Bay Tourism Awards

Tuesday, 20 June 2017, 2:52 pm | Hawke's Bay Tourism

These awards recognise the best tourism businesses and experiences in Hawke’s Bay. This is an opportunity for tourism providers to put themselves out there, to be judged by some seriously smart people and be recognised for their efforts amongst other ... More >>

Heart Retail Launch

Tuesday, 20 June 2017, 2:43 pm | Heart Retail

PR and communications consultant Janice McKay is launching an online-based, communications program specifically for independent retailers. It’s the first of its kind in New Zealand. More >>

Study recommends identification of investment in composting

Tuesday, 20 June 2017, 2:26 pm | The Packaging Forum

New study recommends clear identification of coffee cups, product innovation and investment in compost facilities More >>

Nicholas Pole appointed as Chief Review Officer

Tuesday, 20 June 2017, 2:14 pm | State Services Commission

SSC MEDIA STATEMENT 20 June 2017 Nicholas Pole appointed as Chief Review Officer and ERO Chief Executive State Services Commissioner Peter Hughes has today announced the appointment of Nicholas Pole as Chief Review Officer and Chief Executive of the ... More >>

Acting Chief Executives for MBIE and Customs

Tuesday, 20 June 2017, 2:13 pm | State Services Commission

State Services Commissioner Peter Hughes has today announced the appointments of Carolyn Tremain as Acting Chief Executive of the Ministry of Business, Innovation and Employment (MBIE) and Christine Stevenson as Acting Comptroller of Customs. Ms ... More >>

Transport Goliaths Grow Bigger

Tuesday, 20 June 2017, 2:11 pm | Trans Tasman

INSIGHTS ABOUT THE NEWS - Consolidation within the trucking industry is nothing new and the trend is continuing. Transport operators are confronted with an expectation freight volumes will grow by 48% by 2042 and the sector has been consolidating as ... More >>

Muslim Post-9/11 Series Wins Gold for RNZ in New York

Tuesday, 20 June 2017, 2:00 pm | Radio New Zealand

The Radio New Zealand podcast series Public Enemy has won a gold award for excellence for its presenter, Mohamed Hassan, at the prestigious New York Festival Radio Awards announced in Manhattan today. RNZ National’s Saturday Morning host, Kim Hill, also ... More >>