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Latest Business Headlines

Rebounding business confidence now in positive territory

Tuesday, 22 January 2019, 8:59 am | Business Central - Wellington

Businesses' views on New Zealand's economic outlook are increasingly optimistic, according to a survey by the Wellington Regional Chambers of Commerce and Business Central. More >>

The Dust Palace Opens New Studio After Successful Campaign

Tuesday, 22 January 2019, 8:49 am | The Dust Palace

Auckland, New Zealand – 21 January 2019 – The Dust Palace continue to champion Aotearoa’s circus culture with their new studio in Penrose, Auckland opened Saturday, thanks to the roaring success of their crowdfunding campaign. More >>

HiFX morning Update, January 22 2018

Tuesday, 22 January 2019, 8:41 am | HiFX

The NZDUSD opens at 0.6728 (mid-rate) this morning. More >>

MARKET CLOSE: NZ stocks gain; investors seek value

Monday, 21 January 2019, 9:05 pm | BusinessDesk

Jan. 21 (BusinessDesk) - New Zealand shares rose as investors picked through mixed local and international economic signals to focus on firms likely to do better in a slowing environment. More >>

NZ dollar drifts lower ahead of CPI; China GDP as expected

Monday, 21 January 2019, 9:04 pm | BusinessDesk

Jan. 21 (BusinessDesk) - The New Zealand dollar drifted lower with slightly weaker Chinese economic data offering few new leads and investors unwilling to make big bets amid mixed views on local consumer price data due on Wednesday. More >>

Waitakere Estate confirms its ‘jewel in the crown' status

Monday, 21 January 2019, 7:54 pm | Waitakere Estate

Heritage Collection Waitakere Estate development confirms its ‘jewel in the crown’ status as Auckland’s most loved rainforest retreat More >>

Auckland’s most loved rainforest retreat

Monday, 21 January 2019, 7:53 pm | Waitakere Estate

Family-owned Waitakere Estate’s new on-site development has come to fruition boosting its room offering by almost 40 percent to 28 rooms. In addition, the property has now added a sauna, gym, and a health spa area. More >>

McCashin's secures option over Veritas stake

Monday, 21 January 2019, 4:59 pm | BusinessDesk

Jan. 21 (BusinessDesk) - McCashin’s Brewery has acquired an option to buy almost 20 percent of food and beverage investor Veritas Investments at more than twice the recent market price. More >>

BP’s Every Litre Counts campaign returns

Monday, 21 January 2019, 4:12 pm | BP New Zealand

Off the back of last summer’s success, BP has today announced the return of its Every Litre Counts campaign – where, for every litre of fuel sold at BP retail sites nationwide before Sunday 17 February, BP will make a donation to Surf Life ... More >>

Trustpower winning new customers with multi-services

Monday, 21 January 2019, 4:01 pm | BusinessDesk

Jan. 21 (BusinessDesk) - Trustpower says more than 80 percent of the new customers it took on in the December quarter signed up for two or more products. More >>

Farmers financially prepared for setbacks

Monday, 21 January 2019, 3:14 pm | Lincoln University

Farmers are well-placed to survive any potential financial uncertainty from major setbacks such as global warming, new Lincoln University research has found. More >>

Oil prices may remain under pressure in 2019 - IEA

Monday, 21 January 2019, 3:13 pm | BusinessDesk

Jan. 21 (BusinessDesk) - Global oil prices may remain under pressure this year given the weaker demand outlook and stronger than expected production from Iran and the US, the International Energy Agency says. More >>

Attack blogger 'Whale Oil' laid low by serious stroke

Monday, 21 January 2019, 2:40 pm | BusinessDesk

Jan. 21 (BusinessDesk) - Right wing attack blogger Cameron Slater, aka Whale Oil, suffered two strokes in October which have left him partially paralysed on his right side, unable to concentrate and with speech and vision impairments, according to ... More >>

Commercial property investor confidence at two-year high

Monday, 21 January 2019, 2:08 pm | Colliers International

January 18, 2019 Investor confidence in New Zealand’s commercial property market is at a two-year high, new research shows. More >>

MinterEllisonRuddWatts announces new board chair

Monday, 21 January 2019, 1:07 pm | Minter Ellison Rudd Watts

Leading Construction and Infrastructure Partner, Sarah Sinclair has been elected as board chair of MinterEllisonRuddWatts - effective 1 January 2019. More >>

Construction shortage list, unlikely to alleviate shortage

Monday, 21 January 2019, 12:12 pm | New Zealand Immigration Law

New construction shortage list, unlikely to alleviate skill shortage… Opinion piece: Leading Auckland immigration lawyer Aaron Martin responds to the introduction of the new Construction and Infrastructure Skill Shortage List (CISSL) implemented by ... More >>

NZ dollar firms on mixed US data; flat CPI expected

Monday, 21 January 2019, 12:08 pm | BusinessDesk

Jan. 21 (BusinessDesk) - The New Zealand dollar firmed against its US counterpart after data on Friday sent mixed signals on the depth of the economic slowdown there. More >>

Sharp oil price drop should keep inflation stats flat

Monday, 21 January 2019, 11:54 am | BusinessDesk

Jan. 21 (BusinessDesk) - Inflation was likely flat to barely higher in the December quarter as oil prices fell nearly 40 percent, fruit and vegetable prices fell to seasonal lows and the New Zealand dollar strengthened modestly. More >>

Bell Gully’s streaks in top legal directories continues

Monday, 21 January 2019, 11:07 am | Bell Gully

Bell Gully has continued two significant streaks after results from the Legal 500 Asia Pacific 2019 and Global Competition Review’s GCR 100 global survey were released this month. More >>

BitPrime Cryptocurrency Price Update

Monday, 21 January 2019, 11:02 am | BitPrime

Cryptocurrency Market Market capitalisation yesterday: NZD$185,566,604,969 Market capitalisation today: NZD$184,458,201,581 Change: -0.60% More >>

Federation Chief Executive Officer Appointed

Sunday, 20 January 2019, 7:55 pm | Federation of Primary Health

The Federation of Primary Health Aotearoa New Zealand (the Federation), whose purpose includes promoting, protecting and improving the sustainability and interests of the primary health sector, has today announced the appointment of its Chief Executive ... More >>

Hikurangi licensed for high THC cannabis

Sunday, 20 January 2019, 1:34 pm | Hikurangi Cannabis Company

Ruatoria based Hikurangi Cannabis Company has been granted permission to cultivate 16 new varieties of cannabis, including some of the first high-THC strains to be imported under new biosecurity rules. More >>

Banking with your thumbprint

Sunday, 20 January 2019, 10:38 am | Pacific Financial Inclusion Programme

Distance to the nearest bank and the lack of formal identification has been a major barrier to accessing financial services in Papua New Guinea (PNG). More >>

IDC NZ: Cloud Adoption Driven by Organisations Seeking Edge

Sunday, 20 January 2019, 10:32 am | IDC New Zealand Ltd

IDC says the New Zealand IT services market is predicted to grow at a compound annual growth rate (CAGR) of 2.8% through to 2023. This is a marginal increase on IDC's previous forecast predicting a 2.7% CAGR through to 2022. More >>

Solution to DHB financial deficits rests with Government

Saturday, 19 January 2019, 5:33 pm | ASMS

This was response to the published report that almost all DHBs were tracking towards financial deficits for the financial year ending 30 June from Ian Powell, Executive Director of the Association of Salaried Medical Specialists (ASMS). https://www.nzherald.co.nz/politics/news/article.cfm?c_id=280&objectid=12192429 More >>

General Council Chair appoints facilitator

Saturday, 19 January 2019, 11:05 am | World Trade Organisation

General Council Chair Junichi Ihara of Japan has appointed Amb. David Walker of New Zealand to assist him in working with WTO members to resolve differences on the urgent matter of the functioning of the organization’s Appellate Body. More >>

Stocks Roar On Hopes Of Trade Deal

Saturday, 19 January 2019, 10:55 am | ThinkMarkets

European markets and US futures are trading sharply higher today building on the optimism around the US-China trade talks. We have seen significant increase in the numbers of investors who have added risk assets in their portfolio on the back of ... More >>

Comments on Gold

Saturday, 19 January 2019, 10:54 am | ThinkMarkets

Gold price is moving lower today as investors are optimistic about the US-China trade deal despite the fact the Treasury has denied all the recent rumours. But the fact is that Washington and Beijing wants to make the deal now and it appears that they ... More >>

MARKET CLOSE: NZ shares follow Asian markets higher

Friday, 18 January 2019, 9:16 pm | BusinessDesk

MARKET CLOSE: NZ shares follow Asian markets higher on renewed hopes for China-US resolution More >>

Housing Ministry head hints he acted against Barclay

Friday, 18 January 2019, 9:15 pm | BusinessDesk

Jan. 18 (BusinessDesk) - Ministry of Housing and Urban Development chief executive Andrew Crisp has given the strongest indication yet that departed KiwiBuild unit head Stephen Barclay was the subject rather than the initiator of an employment dispute ... More >>

NZ dollar heading for 1% weekly slide as outlook weakens

Friday, 18 January 2019, 9:14 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The New Zealand dollar is headed for a 1 percent slide against its US counterpart this week as investors see improving prospects there but potential headwinds here. More >>

Currency frozen in multi-million dollar Cryptopia theft

Friday, 18 January 2019, 3:47 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The world’s largest cryptocurrency exchange says it has frozen some funds from hacked Christchurch digital assets exchange Cryptopia. More >>

Queenstown tops house price growth expectations

Friday, 18 January 2019, 2:47 pm | Colliers International

Queenstown has maintained its two-year reign at the top of New Zealand for house price growth expectations, beating all other centres for the ninth consecutive quarter. More >>

More renewables in Pacific-Via award-winning Infratec.

Friday, 18 January 2019, 2:44 pm | Infratec

Work has begun on the design of a renewable energy system for the Tuvalu Fisheries headquarters building in Funafuti, Tuvalu. More >>

Prime arable and grazing research station for sale

Friday, 18 January 2019, 2:41 pm | AgResearch

After 72 years of contributing to local and regional research, AgResearch’s grazing and arable Research Station at Winchmore, North-West of Ashburton is to be sold. More >>

An emerging rental crisis caused by macro-economic drivers

Friday, 18 January 2019, 2:22 pm | Mark Rais

The new tenancy law changes and investment tax proposals, although quite sound in their intention, may unwittingly combine with emerging negative macro-economic forces. More >>

NZ manufacturing activity hits highest level since April

Friday, 18 January 2019, 2:15 pm | BusinessDesk

Jan. 18 (BusinessDesk) - New Zealand's manufacturing activity hit its highest level since April in December and while activity in 2018 was weaker than it has been during the past two years, it was still above average. More >>

Experienced finance executive joins leadership team

Friday, 18 January 2019, 1:42 pm | Queenstown Airport

Queenstown Airport Corporation (QAC) has recently welcomed experienced finance executive Andrew Williamson as its new Chief Financial Officer and Company Secretary. More >>

Biggest snorers in New Zealand are petite women

Friday, 18 January 2019, 1:36 pm | Patney

If you think the gendered stereotype that males are your ‘typical’ snorer, think again, because Patney can reveal their latest survey data shows 61% of females are the snorers in their household. More >>

Real Groovy On the Move

Friday, 18 January 2019, 1:26 pm | Real Groovy

Real Groovy is moving from its home of the last three years at 369 Queen St, previously a Salvation Army Citadel, further up the hill to 520 Queen St. More >>

Tilt affirms guidance

Friday, 18 January 2019, 1:07 pm | BusinessDesk

Jan. 18 (BusinessDesk) - Tilt Renewables has left its full-year earnings guidance in place after December quarter production fell about 5 percent shy of long-term expectations. More >>

NZ dollar extends slide as Philly Fed lifts sentiment in US

Friday, 18 January 2019, 12:14 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The New Zealand dollar extended its decline as US investors looked for positive signs in their economy and European manufacturers prepared for the worst from the on-going Brexit impasse. More >>

Westpac to sponsor inaugural awards celebrating excellence

Friday, 18 January 2019, 11:16 am | Westpac New Zealand

Westpac NZ is proud to announce a three year partnership as platinum sponsor of the inaugural Rainbow Excellence Awards, which celebrate organisations that value inclusion and welcome sexual and gender diversity in the workplace. More >>

Lowest number of properties sold for December in 7 years

Friday, 18 January 2019, 10:01 am | REINZ

The 2018 year ended with a fizz rather than a bang, with the lowest number of residential properties sold for the month of December for 7 years, according to the latest data from the Real Estate Institute of New Zealand (REINZ), source of the most complete ... More >>

HiFX morning Update, January 18 2019

Friday, 18 January 2019, 9:52 am | HiFX

The Kiwi opens at 0.6764 More >>

Air New Zealand scores an unprecedented double at ‘Oscars'

Friday, 18 January 2019, 9:34 am | Air New Zealand

Air New Zealand is the first airline in the world to scoop two awards at the Air Transport World Airline Industry Awards. The awards, which areconsidered the ‘Oscars of the airline industry’, will be presented in New York in March. More >>

Jon Adams appointed to head Toll New Zealand

Thursday, 17 January 2019, 9:07 pm | Toll New Zealand

Toll Group today announced the appointment of experienced logistics executive Jon Adams to lead Toll New Zealand as Executive General Manager. More >>

Truck driver employees see similar issues as contractors

Thursday, 17 January 2019, 9:05 pm | First Union

In response to stories on long haul truck drivers sleeping at depots, not being able to eat or drink anything (because they don’t have time to go to the bathroom) and having to pee in bottles due to the pressure to meet ever-more tightening deadlines, ... More >>

MARKET CLOSE: NZ shares get further lift

Thursday, 17 January 2019, 9:03 pm | BusinessDesk

Jan. 17 (BusinessDesk) - New Zealand shares rose as sentiment continued to benefit from positive offshore leads. Genesis Energy, A2 Milk and Synlait Milk gained. More >>

NZ dollar extends decline amid mixed data

Thursday, 17 January 2019, 9:02 pm | BusinessDesk

Jan. 17 (BusinessDesk) - The New Zealand dollar weakened amid mixed signals on the local economy and as investors grow more positive on the prospects for a less-painful departure for the UK from the European Union. More >>

'Excessive' RBNZ bank capital proposals

Thursday, 17 January 2019, 9:01 pm | BusinessDesk

'Excessive' RBNZ bank capital proposals to add up to 1.25% to mortgage rates: UBS More >>

UFB uptake reaches 51% on Chorus networks

Thursday, 17 January 2019, 8:59 pm | BusinessDesk

Jan. 17 (BusinessDesk) - Growth in the uptake of ultra-fast broadband on the networks Chorus is installing slowed in the December quarter as more of the roll-out was completed. More >>

Kathmandu hires new leader for North America

Thursday, 17 January 2019, 3:48 pm | BusinessDesk

Jan. 17 (BusinessDesk) - Kathmandu Holdings has hired US clothing executive Amy Beck to run its North American business. More >>

Record second-half throughput for Marsden Point

Thursday, 17 January 2019, 3:17 pm | BusinessDesk

Jan. 17 (BusinessDesk) - Record throughput in the final six months of 2018 has helped the New Zealand Refining Company recoup some of the losses from its extended shutdown earlier in the year. More >>

EAT-Lancet report a good opportunity for New Zealand

Thursday, 17 January 2019, 2:11 pm | Beef And Lamb NZ

The EAT- Lancet Commission’s report on healthy diets from sustainable food systems highlights the importance of sustainable, grass-fed red meat produced in countries such as New Zealand. More >>

A Fresh Look for Haitaitai’s Families

Thursday, 17 January 2019, 2:05 pm | Haitaitai Family Barbers

After 15 years of operation, Basho Hair Design in Haitaitai Village has a fresh new look, having sold to a new owner and becoming ‘Haitaitai Family Barbers’. More >>

December house sales fall to seven-year low

Thursday, 17 January 2019, 1:09 pm | BusinessDesk

Jan. 17 (BusinessDesk) - The final month of the year saw the lowest number of residential properties sold in a December month in seven years, according to the latest data from the Real Estate Institute of New Zealand. More >>

The path into esports is now easier than ever before

Thursday, 17 January 2019, 12:26 pm | LPL

LPL has recently acquired CyberGamer.com. CG is a subscription-based website dedicated to competitive online gaming. It provides PC and console users with ladders, leagues and forums related to gaming and esports. More >>

NZ dollar eases as Brexit saga enters next phase

Thursday, 17 January 2019, 12:18 pm | BusinessDesk

The New Zealand dollar weakened as strong earnings in the US improved sentiment there and investors prepared for further delay in setting the terms for the UK’s departure from the European Union. More >>

New Zealand Women Directors In The Spotlight at Berlinale

Thursday, 17 January 2019, 11:10 am | New Zealand Film Commission

A record number of New Zealand women directors are among the filmmakers to have films selected for the 2019 Berlin Film Festival. More >>