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Latest Business Headlines [Page 4]

Open Country delivers record profit

Friday, 21 April 2017, 3:55 pm | BusinessDesk

April 21 (BusinessDesk) - Open Country Dairy, New Zealand's second-largest milk processor, posted a record profit last year as it sold more high-value products and strengthened its balance sheet. More >>

New competition brought by motorway welcomed

Friday, 21 April 2017, 3:41 pm | GymSpot Warkworth

Since the announcement of the Northern motorway extension from Puhoi to Te Hana, development of commercial and residential property in Warkworth has been steady. Outlined in Auckland councils 10 year plan, the Warkworth region is earmarked as ... More >>

Restaurant Brands staff to go on first strike in a decade

Friday, 21 April 2017, 3:19 pm | BusinessDesk

April 21 (BusinessDesk) - Half of Restaurant Brands New Zealand's 4,000-strong workforce is set to walk off the job tomorrow after negotiations for a new collective agreement broke down. More >>

Celebrating beginning of construction

Friday, 21 April 2017, 3:03 pm | Wildbase Recovery

Palmerston North based Kynoch Construction Limited has today been awarded the tender for building the Central Energy Trust Wildbase Recovery facility. More >>

Trucking industry combines forces to find 1,000 more drivers

Friday, 21 April 2017, 2:58 pm | Wright Communications

Trucking industry combines forces to find 1,000 more drivers The trucking industry and the Government’s Sector Workforce Engagement Programme (SWEP) have joined forces to get as many as 1,000 more drivers into the road freight transport industry nationwide. ... More >>

NZ Super Fund writes off investment in Ogin

Friday, 21 April 2017, 2:44 pm | BusinessDesk

April 21 (BusinessDesk) - The New Zealand Superannuation Fund has completely written off the value of its investment in US wind turbine company Ogin which is in the process of being wound down. More >>

University of Canterbury flies high in new partnership

Friday, 21 April 2017, 2:16 pm | University of Canterbury

Asia’s largest airline has joined the University of Canterbury (UC) in a new partnership which will benefit Tekapo and the Mackenzie District. More >>

More native forest can help firms manage emissions

Friday, 21 April 2017, 1:37 pm | Motu Economic and Public Policy Research

Companies with high greenhouse gas emissions face the risk of high costs in a carbon market where prices could soar as high as US$190 per unit. Researchers at Motu Economic and Public Policy Research have today released a report showing an environmentally ... More >>

Hamilton labour candidate helps local company help veterans

Friday, 21 April 2017, 1:31 pm | Wash Rite

Hamilton based Wash Rite Limited has been offering free house washes and roof washing to ex serviceman and servicewomen for the past two year’s. On a recent free moss and mould removal job for an ex naval serviceman Wash Rite was accompanied by Hamilton ... More >>

Farmers hold back wool from auction

Friday, 21 April 2017, 1:24 pm | BusinessDesk

April 21 (BusinessDesk) - Less wool than forecast was offered at New Zealand's weekly auction as farmers held back bales from sale in anticipation prices may lift in the future. More >>

TPP minus US starting to gain ground

Friday, 21 April 2017, 12:27 pm | BusinessDesk

April 21 (BusinessDesk) - The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after ... More >>

Three new directors appointed to Auckland Transport board

Friday, 21 April 2017, 12:21 pm | Auckland Transport

21 April 2017 Three new directors appointed to Auckland Transport board Former Finance Minister Sir Michael Cullen, Mary-Jane Daly and Kylie Clegg have been appointed to the board of the Auckland Council-controlled organisation Auckland Transport (AT). ... More >>

Local TV content steady

Friday, 21 April 2017, 12:07 pm | NZ On Air

New Zealanders enjoyed slightly more new local television content last year but less local content in prime time. More >>

Provoke Takes Home Two at the 2017 Microsoft Partner Awards

Friday, 21 April 2017, 11:51 am | Provoke Solutions Ltd

Provoke’s Infrastructure Team Lead Nick Westbrook took home a big win at the 2017 Microsoft New Zealand Awards with a gong for Sales Solution Specialist of The Year. This year marked the tenth anniversary of the Microsoft New Zealand awards, a fact ... More >>

NZ dollar unwinds inflation jump

Friday, 21 April 2017, 11:46 am | BusinessDesk

April 21 (BusinessDesk) - The New Zealand dollar unwound most of yesterday's gain from faster-than-expected inflation as Dallas Federal Reserve president Robert Kaplan affirmed his view that the world's biggest central bank will lift rates another two ... More >>

Clear support among public for tourism

Friday, 21 April 2017, 11:41 am | Tourism Industry Aotearoa

The public is right behind the tourism industry with almost all New Zealanders agreeing that international tourism is good for the country, as shown by the latest research from Tourism New Zealand and Tourism Industry Aotearoa. More >>

New Record Median Price as Volumes Steady

Friday, 21 April 2017, 11:10 am | Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (“REINZ”) shows there were 124 fewer lifestyle property sales (-5.8%) for the three months ended March 2017 than for the three months ended March 2016. Overall, there were 2,011 lifestyle ... More >>

Good Autumn Conditions Benefit Rural Real Estate Market

Friday, 21 April 2017, 11:07 am | Real Estate Institute Of New Zealand

Data released today by the Real Estate Institute of NZ (“REINZ”) shows there were 55 more farm sales (+14.4%) for the three months ended March 2017 than for the three months ended March 2016. Overall, there were 438 farm sales in the three months ... More >>

While you were sleeping: American Express rallies

Friday, 21 April 2017, 10:14 am | BusinessDesk

April 21 (BusinessDesk) - Wall Street climbed, bolstered by better-than-expected corporate earnings such as from American Express. More >>

Meet New Zealand in one day at CINZ MEETINGS

Friday, 21 April 2017, 10:09 am | CINZ

CINZ MEETINGS 2017 is the opportunity for event organisers to plan their next year in a day, and to meet all New Zealand under one roof. Registrations are now open for day buyers looking for ideas for their next meeting, conference, incentive travel, ... More >>

Christchurch Airport to boost Chinese visitor spending

Friday, 21 April 2017, 9:38 am | Christchurch Airport

21 April 2017: Christchurch Airport has signed a Memorandum of Understanding with Alibaba, the world’s largest retail commerce company, to connect small and regional New Zealand businesses with Chinese visitors before, during and after their visit, ... More >>

New Immigration rules will severely impact NZ business

Friday, 21 April 2017, 9:13 am | New Zealand Immigration Law

The unforeseen consequence of the immigration law changes is that New Zealand employers will struggle to fill roles on the skilled shortage list under the new system. More >>

PACER-Plus trade deal without PNG and Fiji a bad deal

Friday, 21 April 2017, 9:09 am | AFTINET

AFTINET Convener Dr Patricia Ranald said today that Australia should not proceed with the PACER-Plus trade deal between Australia, New Zealand and only 12 of the original 14 Pacific Island countries. The deal was finalised in Brisbane today, and ... More >>

NZ bond yields push higher after inflation

Friday, 21 April 2017, 8:49 am | BusinessDesk

April 20 (BusinessDesk) - The spread between New Zealand's longer-dated bonds and their US equivalent increased as higher-than-expected domestic inflation helped solidify market expectations the central bank will be lifting rates sooner that it's forecasting. More >>

NZ dollar gets lift from higher-than-expected inflation

Friday, 21 April 2017, 8:48 am | BusinessDesk

April 20 (BusinessDesk) - The New Zealand dollar gained after consumer prices rose at their fastest annual pace in five-and-a-half years in the first quarter of 2017, marking the first time inflation has hit the mid-point of the central bank's 1 percent-to-3 ... More >>

NZ shares slip with heightened US volatility

Friday, 21 April 2017, 8:46 am | BusinessDesk

April 20 (BusinessDesk) - New Zealand stocks declined as heightened volatility in US equity markets increases the influence of overseas investors on the local bourse. A2 Milk Co, a favourite stock among foreign investors, fell. More >>

UPDATE: Abano in spat with biggest shareholde

Friday, 21 April 2017, 8:44 am | BusinessDesk

April 20 (BusinessDesk) - Abano Healthcare Group's spat with its biggest shareholder Healthcare Partners Holdings degenerated into public accusations of lying as the parties prepare to face each other in the court room over a $566,000 bill. More >>

HiFX Morning Update, April 21 2017

Friday, 21 April 2017, 8:35 am | HiFX

The NZDUSD opens at 0.7013 (mid-rate) this morning. The NZDUSD traded a 52 point range or 0.74% in the last 24 hours. The Kiwi rallied strongly after yesterday’s better than expected CPI but slipped back again in the US session to open modestly ... More >>

Spark opens pre-order for Samsung Galaxy S8 and S8+

Thursday, 20 April 2017, 4:55 pm | Spark NZ

Spark has announced that the new Samsung Galaxy S8 and S8+ are now available for pre-order, both online at and in-store. The first pre-orders will receive 50% extra data for 6 months (on an eligible Open Term Pay Monthly plan) and ... More >>

Pokie spending patterns continue

Thursday, 20 April 2017, 4:26 pm | Department Of Internal Affairs

Proceeds from pub and club gaming machines in the first three months of this year were $7.8 million or 3.9 per cent more than for the same period last year but, in line with annual trends, less than at the end of 2016, according to figures from ... More >>

Community given chance to visit an award winning family farm

Thursday, 20 April 2017, 4:08 pm | Ballance Farm Environment Awards

Members of the public are being offered the opportunity to visit an award winning farm at a field day near Motunau on Thursday, 4 May. More >>

Fast movement on pay equity bill

Thursday, 20 April 2017, 4:00 pm | Business NZ

BusinessNZ has welcomed the early release of the draft Pay Equity Bill. An exposure draft of the Bill is now available for public consultation to help provide for its passing into law this year. More >>

Jack Vale appointed as Business Development Manager

Thursday, 20 April 2017, 3:48 pm | Tommy's

Tommy’s Property Management, the property management division of Tommy’s Real Estate has appointed Jack Vale to a newly created role of Business Development Manager. More >>

Cooks Global Food on track to extend coffee house network

Thursday, 20 April 2017, 3:45 pm | BusinessDesk

April 20 (BusinessDesk) - Cooks Global Food, which owns the master franchise rights for the Esquires Coffee chain outside New Zealand and Australia, says it's on track to boost its coffee house network by more than 40 percent by the end of the 2018 ... More >>

Hikurangi – Northland’s next UFB town

Thursday, 20 April 2017, 3:27 pm | Northpower

Exactly three years after Northpower Fibre completed New Zealand’s first ultra-fast broadband network, the company is embarking on another UFB network build. More >>

Greens’ electricity policy improved

Thursday, 20 April 2017, 3:14 pm | Business New Zealand

BusinessNZ Chief Executive Kirk Hope says it is a big turnaround from the party’s policy at the last election, which would have introduced state control of electricity pricing and driven private investment out of the electricity sector. More >>

NZWSI Market Report: Wool holds steady

Thursday, 20 April 2017, 3:02 pm | New Zealand Wool Services International

New Zealand Wool Services International Limited’s CEO, Mr John Dawson reports that the 8,450 bales of South Island wool on offer this week saw a 67 percent clearance with a generally firm trend. More >>

New outdoor heater built specifically for NZ conditions

Thursday, 20 April 2017, 3:01 pm | Kelray Outdoor Heaters

Outdoor heating product manufacturer and installation company, Kelray Outdoor Heaters have introduced a new product, designed specifically for New Zealand conditions. More >>

Collaboration for Impact Conference & Masterclass

Thursday, 20 April 2017, 2:57 pm | Grow Ltd

Collaboration for Impact offers a new way of resolving complex social problems with a vision for creating lasting change. More >>

Kiwi actor Shane Cortese joins New Zealand Sotheby’s

Thursday, 20 April 2017, 2:49 pm | Sotheby's International Realty

Well-known Kiwi actor Shane Cortese has joined premium real estate brand New Zealand Sotheby’s International Realty. More >>

Healthcare Partners Ready And Waiting to Pay Abano

Thursday, 20 April 2017, 2:29 pm | Healthcare Partners

New Zealand, 20 April 2017: Healthcare Partners Ltd is committed to paying the appropriate share of costs incurred by Abano in its response to Healthcare’s bid for a 50.01% shareholding in the company. More >>

Annual NZ consumer prices rise 2.2% in 1Q

Thursday, 20 April 2017, 2:14 pm | BusinessDesk

April 20 (BusinessDesk) - New Zealand consumer prices rose at their fastest annual pace in five-and-a-half years in the first quarter of 2017 as rising fuel prices, a tax on cigarettes and tobacco and the hot housing market stoked inflation. More >>

Abano to sue biggest shareholder for takeover costs

Thursday, 20 April 2017, 2:10 pm | BusinessDesk

April 20 (BusinessDesk) - Abano Healthcare Group will sue its biggest shareholder Healthcare Partners Holdings for unpaid costs stemming from the investor's latest attempt to wrest control of the medical services investor. More >>

$30 mln kiwifruit orchard investment

Thursday, 20 April 2017, 2:09 pm | BusinessDesk

April 20 (BusinessDesk) - Maori trustee Te Tumu Paeroa and Bay of Plenty Regional Council investment arm Quayside Holdings plan to spend $30 million to build 10 kiwifruit orchards on Maori land in the next year and a half. More >>

Air New Zealand wins prestigious award for Communications

Thursday, 20 April 2017, 2:00 pm | Air New Zealand

Air New Zealand’s communications team has been named Communications Team of the Year at the Asia-Pacific Excellence Awards announced overnight in Hong Kong. More >>

Aura Information Security Bolsters Leadership Team

Thursday, 20 April 2017, 1:22 pm | Aura InfoSec

Media Release 20 April 2017 Aura Information Security Bolsters Leadership Team Aura Information Security has appointed industry expert Tom Moore to the role of Practice Manager for its New Zealand and Australian operations. Tom joins the Aura team from ... More >>

Fresh charity model makes claiming $60,000 back easy

Thursday, 20 April 2017, 1:02 pm | One Percent Collective

As a New Zealand taxpayer, if you donate more than $5.00 to a registered charity, and have a compliant receipt, you can claim back one third from IRD on your tax return. More >>

Confident TAG Oil commits C$27.4M to capex in 2017/18

Thursday, 20 April 2017, 12:54 pm | BusinessDesk

April 20 (BusinessDesk) - Vancouver-based onshore Taranaki oil and gas explorer and producer TAG Oil is forging ahead with capital expenditure of C$27.4 million of exploration, production and work-over projects, with another C$8.4 million available if farm-in ... More >>

Restaurant Brands annual profit rise 7.8%

Thursday, 20 April 2017, 12:53 pm | BusinessDesk

April 20 (BusinessDesk) - Restaurant Brands New Zealand, the fast food operator, lifted annual profit 7.8 percent as its local KFC business generated record sales, bolstered by the recently acquired Australian KFC business, allowing directors to ... More >>

Substantial opportunities for women seeking tech jobs

Thursday, 20 April 2017, 12:42 pm | Make Lemonade

Substantial opportunities for women seeking tech jobs April 20, 2017 Computer programming jobs have previously struggled to attract women, but new technologies are providing substantial opportunities for a growing number of young girls seeking tech jobs, ... More >>

Mercury nudges up earnings guidance

Thursday, 20 April 2017, 12:06 pm | BusinessDesk

April 20 (BusinessDesk) - Mercury Energy, the electricity generator-retailer formerly known as MightyRiverPower, increased annual earnings guidance 2 percent as unseasonably strong inflows in the Waikato catchment lifted the power company's hydro generation. More >>

New Finance Minister to meet Kapiti businesses

Thursday, 20 April 2017, 12:04 pm | Kapiti Coast Chamber Of Commerce

Hon Steven Joyce will make his first visit to Kapiti as Finance Minister next week to speak to Kapitin based businesses, ahead of his first Budget in May. More >>


Thursday, 20 April 2017, 12:01 pm | EECA

The ENERGY STAR label, which gives consumers a guide to appliances with superior energy efficiency, is going to be retired by the end of this year. More >>

NZ dollar falls as weaker commodity prices weigh

Thursday, 20 April 2017, 11:42 am | BusinessDesk

April 20 (BusinessDesk) - The New Zealand dollar fell as weaker commodity prices sapped demand for currencies linked to primary production and ahead of local figures expected to show consumer prices rose at their fastest annual pace in more than five ... More >>

NZ Q1 Consumer Price Inflation Release

Thursday, 20 April 2017, 11:27 am | HiFX

The NZ Consumer Price Index (CPI) for Q1 has just been released. The CPI came in higher than expected . NZ CPI Q1/Annual: Headline Q1 CPI +1.0% / +2.2% Consensus 0.9% / +2.1% Non-tradables CPI +1.0% / +2.5% versus previous quarter Tradables CPI ... More >>

Annual inflation highest in over five years

Thursday, 20 April 2017, 10:56 am | Statistics New Zealand

The consumers price index (CPI) increased 2.2 percent in the year to the March 2017 quarter, Stats NZ said today. This is the highest annual increase since the September 2011 quarter, the last quarter affected by the rise in GST from 12.5 to 15 percent. More >>

New products set to wow at TRENZ 2017

Thursday, 20 April 2017, 10:38 am | TRENZ

A world first extreme adventure activity, operators taking visitors off the beaten track and an upscale hotel returning to Christchurch are amongst the new tourism products that will be on show at TRENZ 2017. More >>

Abano Commences Legal Action to Recoup Takeover Costs

Thursday, 20 April 2017, 10:19 am | Abano Healthcare Group Limited

Abano Healthcare Group Limited (NZX: ABA) advises that it has today commenced legal proceedings in the High Court to seek reimbursement of approximately $566,000 in unpaid costs in relation to the failed hostile partial takeover attempt by Healthcare ... More >>

$30m investment in kiwifruit will boost Māori economy

Thursday, 20 April 2017, 10:04 am | Te Tumu Paeroa

Te Tumu Paeroa, in partnership with Quayside Holdings, today announced a $30m investment programme to build 10 kiwifruit orchards on Māori land in the Bay of Plenty and Gisborne over the next 18 months. More >>

New Zealand Racing Board Boosts Funding to Industry by $24 m

Thursday, 20 April 2017, 10:00 am | NZ Racing Board

The New Zealand Racing Board (NZRB) will provide an additional $24 million over the coming two years to increase stakes and enhance participation and investment in the racing industry. More >>


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