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Latest Business Headlines [Page 4]

InterCity continues Aussie expansion with new acquisition

Wednesday, 11 July 2018, 5:10 pm | InterCity Group

New Zealand tourism and transport company InterCity Group has today announced the expansion of its Australian portfolio with the purchase of a second Far North Queensland dive cruise business, Divers Den. More >>

Skellerup spends US$1.1M for minority stake in US company

Wednesday, 11 July 2018, 4:15 pm | BusinessDesk

July 11 (BusinessDesk) - Skellerup Holdings has bought a 35 percent stake in Wisconsin-based liquid silicone rubber maker Sim Lim Technic for US$1.1 million. More >>

Smartpay raises A$7.5M selling convertible notes

Wednesday, 11 July 2018, 3:51 pm | BusinessDesk

July 11 (BusinessDesk) - Smartpay Holdings raised A$7.5 million selling sophisticated and professional investors convertible notes, which the listed payment terminal supplier will use to fuel expansion plans across the Tasman. More >>

Utilities Disputes releases 2017-18 Annual Report

Wednesday, 11 July 2018, 3:47 pm | Utilities Disputes

5,528 people contacted Utilities Disputes last year – mostly about electricity or gas (5,232), followed by broadband shared property disputes (236), and the new water complaints scheme has had three complaints so far. Of the electricity and gas ... More >>

Fonterra fund dropped from Craigs NZ portfolio

Wednesday, 11 July 2018, 3:17 pm | BusinessDesk

July 11 (BusinessDesk) - Craigs Investment Partners, one of New Zealand's largest investment advisory firms, has dropped the Fonterra Shareholders' Fund from its New Zealand equities portfolio, saying its performance has been "lacklustre at best". More >>

NZ dollar falls as Trump unveils tariffs on Chinese imports

Wednesday, 11 July 2018, 3:15 pm | BusinessDesk

July 11 (BusinessDesk) - The New Zealand dollar fell after US President Donald Trump's administration continued to ratchet up its trade war with China, unveiling a list of US$200 billion of imports facing a new 10 percent tariff. More >>

NZ guest nights rise to a record for May

Wednesday, 11 July 2018, 2:34 pm | BusinessDesk

July 11 (BusinessDesk) - New Zealand guest nights rose in May to a reach a record level for the month, driven by higher local stays across the country and more international tourists in the South Island. More >>

Ngāi Tahu farm manager joins NZ Young Farmers Board

Wednesday, 11 July 2018, 2:14 pm | New Zealand Young Farmers

A technical farm manager with Ngāi Tahu in Canterbury is one of three women who have joined the NZ Young Farmers Board. More >>

Pyne Gould takes control of Torchlight Fund

Wednesday, 11 July 2018, 1:52 pm | BusinessDesk

July 11 (BusinessDesk) - Pyne Gould Corp will take control of its Torchlight Fund as part of a deal with unhappy investors, including Accident Compensation Corp and Crown Asset Management, who had pursued the distressed asset investor through the ... More >>

Vodafone launches Unlimited Mobile plan for data hungry folk

Wednesday, 11 July 2018, 12:42 pm | Vodafone NZ

Vodafone today announced the launch of an Unlimited Mobile plan which includes unlimited data1, as well as unlimited talk and TXTs to standard NZ and OZ numbers2 for just $79.99 per month. More >>

Councils to borrow $196M from govt housing fund for water

Wednesday, 11 July 2018, 12:23 pm | BusinessDesk

July 11 (BusinessDesk) - Tauranga City and Waikato District councils will tap the central government's housing infrastructure fund to help upgrade local water infrastructure, which Housing Minister Phil Twyford says will speed up residential property developments ... More >>

NZ fin services need to be even more transparent

Wednesday, 11 July 2018, 12:21 pm | Make Lemonade

Now is the time for Kiwi financial services to be more transparent following banking issues in the United Kingdom and Australia, a leading New Zealand financial tech expert says. More >>

This July, My Food Bag expands to 87% of New Zealand

Wednesday, 11 July 2018, 12:09 pm | My Food Bag

My Food Bag is now delivering across New Zealand, providing their food home delivery service of the freshest New Zealand produce, meat and delicious recipes to households across the country. My Food Bag, a wonderful Kiwi success story, will extend its ... More >>

NZ dollar holds near 2-week high

Wednesday, 11 July 2018, 11:59 am | BusinessDesk

NZ dollar holds near 2-week high, helped by record short positions, better risk sentiment More >>

Guest nights up 1.6 percent in May

Wednesday, 11 July 2018, 11:18 am | Statistics New Zealand

Over 2.5 million nights were spent in commercial accommodation in May 2018, Stats NZ said today. This number is up 1.6 percent from May 2017. More >>

Fresh Opportunity for Food & Beverage Businesses

Wednesday, 11 July 2018, 11:13 am | Bayleys

A large site next door to Heinz Wattie’s’ big production plant in Hastings is aiming to become Hawke’s Bay’s new home for food industry production and development. More >>

Kiwibank welcomes new Treasurer

Wednesday, 11 July 2018, 11:05 am | Kiwibank

Main was previously Treasurer of BNZ and has also held the role of Australian Region Treasurer and Head of Balance Sheet Management for National Australia Bank as well as Treasurer and Chief Economist of ANZ NZ. More >>

Fine for failing to disclose ‘in trade’ status

Wednesday, 11 July 2018, 11:03 am | Commerce Commission

A Palmerston North man has been fined $5000 on three charges under the Fair Trading Act for failing to disclose his trader status when selling items on the internet, and for selling an unsafe cot online. More >>

New Chief Investment Officer for ANZ Investments

Wednesday, 11 July 2018, 10:58 am | ANZ Investment

ANZ Investments today announced the appointment of Paul Huxford as its Chief Investment Officer, effective immediately. ANZ Wealth managing director Craig Mulholland said Paul Huxford had an impressive international track record, leading large teams in ... More >>

Houses more affordable in Central Otago Lakes

Wednesday, 11 July 2018, 10:05 am | Massey University

Massey University’s latest Home Affordability Report shows a decline in national affordability, but New Zealand’s least affordable region is bucking that trend. More >>

Chapman Tripp Acts for HgCapital in Orion Deal

Wednesday, 11 July 2018, 10:00 am | Chapman Tripp

Chapman Tripp is advising HgCapital on its acquisition in a majority stake of Orion Healthcare’s core business Rhapsody for $205 million. More >>

Retail’s future rests on innovation and customer experience

Wednesday, 11 July 2018, 9:00 am | Paper Plus

Building on the unique advantages offered by retail environments over online shopping, Paper Plus Group has unveiled a new concept store in Christchurch designed to optimise customer experiences. More >>

HiFX Morning Update July 11, 2018

Wednesday, 11 July 2018, 8:41 am | HiFX

The NZDUSD opens at 0.6838 (mid-rate) this morning. A lack of tier one economic data has seen markets consolidate, with the NZD little changed against the majority of its trading partners. In the first ever monthly estimate, UK gross domestic product ... More >>

MARKET CLOSE: NZ shares drop

Tuesday, 10 July 2018, 8:32 pm | BusinessDesk

MARKET CLOSE: NZ shares drop, Trustpower and NZ Refining fell, Sky TV, A2 gain By Sophie Boot More >>

NZ dollar extends gains vs pound in Brexit stoush

Tuesday, 10 July 2018, 8:18 pm | BusinessDesk

NZ dollar extends gains vs pound in Brexit stoush, may gain vs USD on growing 'short' positions More >>

Blue Sky Meats may adopt small-is-beautiful branding

Tuesday, 10 July 2018, 6:12 pm | BusinessDesk

Blue Sky Meats may adopt small-is-beautiful branding as point of difference to big-budgeted rivals, CEO says More >>

Council targets Airbnb and misses the mark

Tuesday, 10 July 2018, 5:27 pm | Tourism Industry Aotearoa

Auckland Council’s new ‘Airbnb rate’ falls dismally short of the mark and fails to reduce unfairness for traditional accommodation providers, says Tourism Industry Aotearoa. More >>

PGG Wrightson "no comment" on reported possible $600M buyout

Tuesday, 10 July 2018, 5:26 pm | BusinessDesk

July 10 (BusinessDesk) - PGG Wrightson says it has no comment on Australian media reporting that ASX-listed agribusiness company Elders is looking to buy it for $600 million. More >>

Bell Gully releases ninth Pro Bono and Community report

Tuesday, 10 July 2018, 5:17 pm | Bell Gully

Many of the charitable organisations we partner with work tirelessly raising awareness for groups in society that are marginalised and unheard. They strive to give them a voice and the practical support they need to thrive. More >>

Star Roofer in NZ Roofing Games final is a ‘She’

Tuesday, 10 July 2018, 4:23 pm | Roofing Association

Star Roofer in NZ Roofing Games final is a ‘She’ Gina Reuben from Tauranga is a grandmother of 2 and competing in the finals of New Zealand’s first Roofing Games. She is also the only female to be in the race and showing no sign of shying away. More >>

Get with the Programme And Start Getting Social

Tuesday, 10 July 2018, 3:21 pm | Frog Recruitment

New Zealand is lagging the rest of the world by not harnessing social media for employment recruitment, says Frog Recruitment’s Jane Kennelly. More >>

UPDATE: Govt, DHBs say no more funding available

Tuesday, 10 July 2018, 3:10 pm | BusinessDesk

July 10 (BusinessDesk) - Acting Prime Minister Winston Peters says the pay offer to nurses won't be increased after the nurses' union rejected another pay offer from the district health boards this morning. More >>

Workplace safety gets top billing in forest workplaces

Tuesday, 10 July 2018, 2:46 pm | Forest Industry Engineering Association

In August a major national forest safety conference – Forest Safety & Technology 2018 – will show how well forest workers have embraced new techniques for integrated workplace safety. ( https://forestsafety.events ) More >>

Xero names Godfrey-Billy as CFO

Tuesday, 10 July 2018, 2:45 pm | BusinessDesk

July 10 (BusinessDesk) - Xero said it's appointed Kirsty Godfrey-Billy as its new chief financial officer, replacing Sankar Narayan who is set to leave amid the latest executive reshuffle for the Wellington-based accounting software developer. More >>

Nominations open for 2018 agribusiness leadership awards

Tuesday, 10 July 2018, 2:39 pm | Rabobank

Nominations have opened for this year’s Rabobank Leadership Awards, recognising outstanding individual achievement in, and contribution to, New Zealand and Australia’s food, beverage and agribusiness industries. The two industry accolades – the Rabobank ... More >>

NZ electronic card spending lifts across all industries

Tuesday, 10 July 2018, 2:23 pm | BusinessDesk

July 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose across all industries for the first time in seven months in June. More >>

Hawke’s Bay to host 2019 FMG Young Farmer of the Year

Tuesday, 10 July 2018, 1:59 pm | Young Farmers

Hawke’s Bay is set to host the FMG Young Farmer of the Year Grand Final for the first time in 16 years. More >>

Hirepool acquires TSNZ (Trench Shoring NZ)

Tuesday, 10 July 2018, 1:54 pm | Hirepool Limited

Hirepool is pleased to announce the purchase of a 50% stake in TSNZ also known as Trench Shoring NZ. As of 1 July 2018, it will trade as Hirepool TSNZ. More >>

Maize sector buoyant after strong growing season

Tuesday, 10 July 2018, 1:46 pm | Federated Farmers

Levels of confidence are returning to New Zealand’s maize sector, with a healthy rise in average yields and prices remaining firm at around $400/tonne. More >>

Increasing Evidence Shows Sugar Taxes Ineffective

Tuesday, 10 July 2018, 1:43 pm | NZ Beverage Council

The New Zealand Beverage Council (NZBC) says that calls for a sugar tax on sugar-sweetened beverages are misguided and there is increasing international evidence that shows sugar taxes are ineffective in reducing obesity. More >>

Blis Technologies expects ‘small profit’

Tuesday, 10 July 2018, 1:12 pm | BusinessDesk

July 10 (BusinessDesk) - Blis Technologies expects to post a “small profit” for the fiscal 2019 year as the biotechnology firm reported revenue more than tripled in the first quarter while its losses narrowed. More >>

Seeka Markets Northland Horticultural Orchards

Tuesday, 10 July 2018, 12:48 pm | Seeka

Te Puke, 10 July 2018: Seeka Limited has released its information memorandum to market nine horticultural properties in Northland. The properties are proposed to be sold by tender with orchard management and postharvest supply contracts back to Seeka. ... More >>

Michael Hill lifts full-year revenue 3.3%

Tuesday, 10 July 2018, 12:43 pm | BusinessDesk

July 10 (BusinessDesk) - Michael Hill International increased revenue 3.3 percent in its 2018 fiscal year as it opened more namesake brand stores in Australia and Canada, exited its US operations and began the closure of its Emma & Roe chain. More >>

Seeka to sell 9 orchards including 6 recently acquired

Tuesday, 10 July 2018, 12:41 pm | BusinessDesk

July 10 (BusinessDesk) - Seeka, New Zealand's biggest kiwifruit grower, is putting nine orchards up for sale including six it recently acquired from T&G Global in a deal that targeted T&G's packhouse facilities and assets in Northland. More >>

Steel & Tube was struggling in irrigation market

Tuesday, 10 July 2018, 12:40 pm | BusinessDesk

July 9 (BusinessDesk) - Steel & Tube Holdings' new chief executive Mark Malpass says the company paid too much enter the irrigation sector, struggled to compete against bigger rivals and ended up writing off its investment to return focus to its core ... More >>

ERoad sales growth slows in first quarter

Tuesday, 10 July 2018, 12:36 pm | BusinessDesk

July 10 (BusinessDesk) - ERoad registered slower first-quarter growth than anticipated as prospective buyers put off their purchasing decisions across Australasia and in North America, after a period of rapid expansion in the US. More >>

Summerset says first-half underlying profit rose up to 26%

Tuesday, 10 July 2018, 12:16 pm | BusinessDesk

July 10 (BusinessDesk) - Summerset Group said first-half profit rose as much as 26 percent as stronger development margins made up for a lower volume of new sales. More >>

NZ Institute of Forestry proposes new national forest policy

Tuesday, 10 July 2018, 12:11 pm | BusinessDesk

July 10 (BusinessDesk) - The New Zealand Institute of Forestry proposed the introduction of a new national policy for the industry at the sector’s annual conference in an effort to help the government “develop sound long-term strategies for forestry ... More >>

Inaugural Gisborne Young Grower contest this Thursday

Tuesday, 10 July 2018, 12:09 pm | Horticulture NZ

Some of the best young horticulturalists in Gisborne will compete in the first Gisborne Young Fruit Grower of the Year competition, to be held in Waerengaahika on Thursday, 12 July. More >>

NZ dollar rises to 2-week high vs pound

Tuesday, 10 July 2018, 11:49 am | BusinessDesk

July 10 (BusinessDesk) - The New Zealand dollar rose against the British pound to the highest level in almost two weeks after UK Foreign Secretary Boris Johnson became the latest minister to resign from Theresa May's Conservative government over her ... More >>

Mt Cook Alpine Salmon appoints Sir Bill English to board

Tuesday, 10 July 2018, 11:41 am | Mt Cook Alpine Salmon

Mt Cook Alpine Salmon has announced the appointment of Sir Bill English to its board of directors, effective August 1 2018. More >>

Simon says… “Free feed for all Simons”

Tuesday, 10 July 2018, 11:22 am | Bettter Burger

In honour of the original Simon, creator of the massive 5x5 meat and cheese monstrosity ‘The Simon’, Kiwi-owned and operated Better Burger wants to treat as many Simons as possible in one day. More >>

School’s out: Air New Zealand jets Kiwi sunseekers offshore

Tuesday, 10 July 2018, 11:09 am | Air New Zealand

Air New Zealand is experiencing its busiest winter school holidays on record, with a quarter more Kiwis booked to travel to international destinations than the same period five years ago. More >>

Card spending up across the board in the June month

Tuesday, 10 July 2018, 10:47 am | Statistics New Zealand

Consumers spent more across all industries in June, from food and drink to petrol, Stats NZ said today. More >>

Introducing Jamie, ANZ’s new digital assistant

Tuesday, 10 July 2018, 10:11 am | ANZ Bank

Meet Jamie, ANZ’s new digital assistant, who started work today helping customers with some of their general banking queries. More >>

‘Muddy Buns’ Cleaning up the Butter Market

Tuesday, 10 July 2018, 9:50 am | Fonterra

Muddy Buns, Dirty Dirty Bread, or Zang Zang Bao as they’re known in China, are creating a social media frenzy and driving a further craving for butter around the world. More >>

Spark completes first milestone in voice platform upgrade

Tuesday, 10 July 2018, 9:33 am | Spark NZ

Spark announced today that it has completed the first major milestone in its transition from the ageing Public Switched Telephone Network (PSTN) to a future-ready IP-based voice network dubbed the ‘Converged Communications Network’ (CCN). More >>

Wage war: $2 between Wellington and Auckland cities

Tuesday, 10 July 2018, 9:11 am | Trademe

The average wage in Wellington City is neck-and-neck with Auckland City in the battle to be the highest earning area in the country, according to an analysis of over 72,000 vacancies listed on Trade Me Jobs. More >>

HiFX Morning Update July 10, 2018

Tuesday, 10 July 2018, 8:40 am | HiFX

The NZDUSD opens at 0.6839 (mid-rate) this morning. The British pound is the worst performing of the G10 currencies, falling sharply after the UK Foreign Secretary Boris Johnson became the latest big-name government minister to resign in protest ... More >>

MARKET CLOSE: NZ shares drop

Monday, 9 July 2018, 8:39 pm | BusinessDesk

MARKET CLOSE: NZ shares drop, Sky TV and Tourism Holdings fall, Pushpay gains By Sophie Boot More >>