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Latest Business Headlines [Page 4]

Lessons of international house-price collapses

Thursday, 7 December 2017, 11:15 am | Reserve Bank

An article published today in the Reserve Bank Bulletin reviewed the policy responses by overseas central banks to house-price collapses. It was originally written by a contracted researcher, Maitland MacFarlan, as part of the Bank’s general consideration ... More >>

Vital Healthcare Reinvestment Plan Strike Price at $2.1550

Thursday, 7 December 2017, 11:06 am | Vital Healthcare Property Trust

Vital Healthcare Property Trust advises that the strike price for the distribution reinvestment plan operating in respect of the first quarter of the 2017 financial year is $2.1550 per unit. The strike price includes a discount of 1% to the weighted ... More >>

Ngā Tangata Microfinance breaking hold of predatory lenders

Thursday, 7 December 2017, 11:05 am | Nga Tangata Microfinance Trust

Ngā Tangata Microfinance has helped hundreds of financially vulnerable people to escape from the punishing and stressful cycle of debt caused by predatory lenders. More >>

NZ Beef Prices Expected to Hold Firm

Thursday, 7 December 2017, 11:04 am | Rabobank

New Zealand beef prices moved marginally higher in quarter three and are expected to hold relatively firm in the coming months despite expanding global beef production generating intense competition in global markets, according to Rabobank’s latest ... More >>

NZ Post geared up for biggest Christmas

Thursday, 7 December 2017, 10:59 am | NZ Post

New Zealand Post is preparing to process an anticipated 41.5 million letters and parcels this December. This includes 20% more parcels compared to the previous year. More >>

Groceries And Fruit Lift Wholesale Trade

Thursday, 7 December 2017, 10:48 am | Statistics New Zealand

Higher grocery sales and fruit exports helped to lift overall wholesale trade values in the September 2017 quarter, Stats NZ said today. This was partly offset by vehicle sales dipping from recent high levels. More >>

Synlait Opens New Wetmix Kitchen

Thursday, 7 December 2017, 10:19 am | Synlait

Synlait Milk (NZX: SML; ASX: SM1) has today officially opened its new Wetmix kitchen, which will enable it to simultaneously run both large-scale infant formula spray dryers. More >>

Fonterra cuts forecast milk payout to $6.40/kgMS

Thursday, 7 December 2017, 10:07 am | BusinessDesk

Dec. 7 (BusinessDesk) - Fonterra Cooperative Group cut its forecast farmgate milk price citing weaker global dairy prices and increased production and skim milk stockpiles in Europe. More >>

NZ property values bounce back in November

Thursday, 7 December 2017, 9:26 am | BusinessDesk

Dec. 7 (BusinessDesk) - New Zealand's annual property value growth accelerated in November, coinciding with the warmer summer weather and recovering after several slow months, says state-owned valuer Quotable Value. More >>

Let Alexandra Park cook Christmas dinner on the 22nd

Thursday, 7 December 2017, 9:17 am | Alexandra Park

With the early onset of summer Alexandra Park says it has the perfect solution which will allow families to relax outside on Christmas day rather than slaving over a hot stove. That is - have someone else cook your family a sumptuous Christmas dinner ... More >>

Blue Flag accreditation for Barefoot Sailing

Thursday, 7 December 2017, 9:09 am | Keep NZ Beautiful

Rachael Biggins (left), from Barefoot Sailing, receives the Blue Flag Award from NZB Education Manager, Christine White. More >>

New PKE Grading System Warrants Contractual Clause Change

Thursday, 7 December 2017, 9:04 am | Federated Farmers

Federated Farmers is reminding dairy farmers and sharemilkers to update existing business agreements as they face joint liability to meet upcoming changes for using palm kernel (PKE) as feed. More >>

Final Decision on What Major Telcos Contribute to $50M Levy

Thursday, 7 December 2017, 9:01 am | Commerce Commission

The Commerce Commission today released its final decision on how much 16 telecommunications providers will each pay towards the Government’s $50 million Telecommunications Development Levy (TDL) for 2016/17. More >>

Fonterra Revises 2017/18 Forecast Farmgate Milk Price

Thursday, 7 December 2017, 8:48 am | Fonterra Co-operative Group Ltd

Fonterra Co-operative Group Limited today reduced its forecast Farmgate Milk Price for the 2017/18 season from $6.75 to $6.40 per kgMS and updated the market on its financial results for the first three months of the 2018 financial year. More >>

10 Māori Innovators to Attend Start-up Business Accelerator

Thursday, 7 December 2017, 8:46 am | Te Wananga o Aotearoa

Ten aspiring Māori innovators selected to attend Kōkiri, a new start-up accelerator explicitly focused on accelerating the development and growth of Māori entrepreneurs, will be announced at Spark City in Auckland at 4:30 pm tomorrow (Dec 7). More >>

Allbirds Co-founder Tim Brown Scores World Class Welly Award

Thursday, 7 December 2017, 8:42 am | Wellington San Francisco Society

Former professional footballer and Allbirds co-founder Tim Brown has won this year’s World Class Welly Award at a gala event held at Te Papa Tongarewa National Museum of New Zealand. More >>

Auckland DHB’s Updated ‘Values’ Not Worth $170,000

Thursday, 7 December 2017, 8:33 am | New Zealand Taxpayers' Union

The Auckland DHB’s decision to spend over $170,000 on a new set of ‘values’ is a classic case of bureaucratic self-indulgence, says Jordan Williams, Executive Director of the Taxpayers’ Union . The Taxpayers’ Union revealed the expense ... More >>

Housing Market - Nationwide Value Growth Rallies

Thursday, 7 December 2017, 8:28 am | QV Valuations

The latest monthly QV House Price Index shows nationwide residential property values for November increased 6.4% over the past year which is a much faster rate of increase than last month’s annual growth of 3.9%. Values rose by 3.6% over the past three ... More >>

Rainy days and rocky futures

Thursday, 7 December 2017, 8:24 am | BNZ

Growing numbers of New Zealanders are living pay day to pay day and are just one mishap away from financial turmoil. More >>

HiFX Morning Update, December 7, 2017

Thursday, 7 December 2017, 8:21 am | HiFX

The NZDUSD opens at 0.6871 (mid-rate) this morning. The NZD has traded tight ranges against the majority of its rivals, as the AUD and CAD underperform. The AUD is trading lower against all its rivals after yesterday’s Q3 GDP fell short of market expectations. ... More >>

MARKET CLOSE: NZ shares fall, Synlait and Tegel drop

Wednesday, 6 December 2017, 8:35 pm | BusinessDesk

Dec. 6 (BusinessDesk) - New Zealand shares fell with Synlait Milk and Fletcher Building leading the index down, and Tegel Group plunging on its earnings report, while Scales Corp hit a record on intraday trading. More >>

Bitcoin Could Touch 14K Before 11th December

Wednesday, 6 December 2017, 8:29 pm | ThinkMarkets

Bitcoin smashed another record high of 12K. It appears that the momentum is unstoppable and we do think that the 14K level could reach before the bitcoin futures start trading at the CBOE which is on the 11 December. Principally, investors are thoughtful that ... More >>

NZ dollar rises vs Aussie

Wednesday, 6 December 2017, 8:18 pm | BusinessDesk

Dec. 6 (BusinessDesk) - The New Zealand dollar rose against the Aussie dollar after figures showed the Australian economy grew at a slower-than-expected pace in the third quarter. More >>

NZIER Report on the Screen Industry

Wednesday, 6 December 2017, 7:42 pm | NZIER

The New Zealand Film Commission (NZFC) today released key economic highlights which reinforce the screen industry’s value to the New Zealand economy. More >>

Industry recognition and support shown at Ecotain event

Wednesday, 6 December 2017, 7:09 pm | Ecotain

Industry recognition and support shown at Ecotain event Around 150 industry stakeholders, seed retailers and farmers attended an on-farm event to hear the latest research findings on Ecotain, a plantain cultivar that research has found acts environmentally ... More >>

Thai Airways Celebrates 30th Anniversary

Wednesday, 6 December 2017, 6:36 pm | Thai Airways

Thai Airways Celebrates 30th Anniversary Thai Airways celebrates 30 years of flights between Auckland and Thailand today, marking a longstanding commitment to New Zealand as the only carrier to consistently service the Auckland-Bangkok route. On 6th December ... More >>

Veritas cuts earnings guidance after AGM

Wednesday, 6 December 2017, 6:16 pm | BusinessDesk

Veritas cuts earnings guidance after AGM, sees profit falling by up to 17% in 2018 More >>

Govt to consider merging inadequate drinking water suppliers

Wednesday, 6 December 2017, 6:15 pm | BusinessDesk

Dec. 6 (BusinessDesk) - The government will consider merging council-run drinking water suppliers among the raft of recommendations to deal with New Zealand's inadequate drinking water system. More >>

BIL: Completion of TIL Acquisition

Wednesday, 6 December 2017, 5:20 pm | Bethunes Investments

Bethunes Investments Limited (NZX:BIL) (Bethunes) is pleased to announce that it has today completed its acquisition of the transport and logistics business of Transport Investments Limited and related transactions (Completion). More >>

Nyriad and Revera join forces to provide blockchain tech

Wednesday, 6 December 2017, 5:19 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Cambridge-based start-up Nyriad has joined forces with Spark New Zealand's cloud service provider Revera to pilot a programme for Kiwi organisations to manage sensitive data using blockchain technology. More >>

ComCom to get market studies powers by end of 2018

Wednesday, 6 December 2017, 5:13 pm | BusinessDesk

ComCom to get market studies powers by end of 2018 after further information on petrol pricing More >>

Spidertracks Announces Next-Gen Mobile Product Strategy

Wednesday, 6 December 2017, 4:46 pm | Spidertracks

When humans landed on the moon in 1969, we achieved something huge with something very small. The device that enabled this feat, the Apollo Guidance Computer (AGC), had a similar computing power to that of a modern toaster. For comparison, an iPhone ... More >>

Yen vs the NZD: What Volatility Means for the Markets

Wednesday, 6 December 2017, 4:45 pm | CMC Markets

2017 has proven to be a rather turbulent year in regards to the currency markets and it seems as this final financial quarter shows no sign of slowing down. Many analysts are now focusing upon the rather tenuous relationship between the Japanese ... More >>

Entries open for hairdressing awards

Wednesday, 6 December 2017, 4:27 pm | Hair Expo Hairdressing Awards

Hair Expo Australia is once again poised to celebrate the best talent in Australia and New Zealand, with entries now open for the 2018 Hair Expo Awards, the hairdressing industry’s most coveted accolade. More >>

Have your say on Wellington Electricity’s earthquake plan

Wednesday, 6 December 2017, 4:24 pm | Commerce Commission

The Commerce Commission is inviting public submissions on Wellington Electricity’s plan to spend $31 million on earthquake strengthening its lines network. More >>

Fonterra expected to cut farmgate milk price tomorrow

Wednesday, 6 December 2017, 4:15 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Fonterra Cooperative Group is expected to cut its forecast farmgate milk price for the current season as early as tomorrow in line with weaker global dairy prices. More >>

NZ businesses losing confidence in face of worker shortage

Wednesday, 6 December 2017, 3:44 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Businesses are heading into 2018 with less confidence than in 2017 and the tight labour market is the number one headache for employers, a survey by the Employers and Manufacturers Association has found. More >>

Andrew MacPherson elected to Westland Milk products Board

Wednesday, 6 December 2017, 3:14 pm | Westland Milk Products

Westland Milk Products shareholders confirmed farm owner, company director and former dairy veterinarian Andrew MacPherson as their newest director at the co-operative’s annual general meeting today (Wednesday 6 December). MacPherson (BVSc, MBA (Dist), ... More >>

Wellington construction steps up a gear

Wednesday, 6 December 2017, 2:38 pm | Statistics New Zealand

Building activity in the Wellington region has grown strongly over the past year, Stats NZ said today. The value of activity rose 27 percent on the previous September year – the largest annual increase ever recorded for Wellington. More >>

Top CPOs share their advice on how to reach the top

Wednesday, 6 December 2017, 2:11 pm | Hays

Are you an aspiring CPO? Top CPOs share their advice on how to reach the top More >>

OPPO Scores with Limited Edition FC Barcelona Themed R11

Wednesday, 6 December 2017, 1:55 pm | OPPO

OPPO Scores with Limited Edition FC Barcelona Themed R11 AUCKLAND, New Zealand – 4 December 2017 — Your phone can now be as passionate, loud and bold as you, with the launch of OPPO’s limited edition FC Barcelona themed R11 in New Zealand. Sporting ... More >>

UPDATE: Tegel shares drop 10% on first-half result

Wednesday, 6 December 2017, 1:47 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Tegel Group shares tumbled 10 percent after New Zealand's biggest poultry producer said first-half earnings fell 2.3 percent, missing estimates and stoking concern it hasn't managed to stabilise profitability in a domestic market ... More >>

Tegel boosts first-half sales, gross margin

Wednesday, 6 December 2017, 12:56 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Tegel Group, New Zealand's biggest poultry producer, increased sales and recorded an improved gross margin in its first half, while higher expenses pushed profit down 2.3 percent. It is still aiming for an improved full-year result ... More >>

NZ fintech at tipping point

Wednesday, 6 December 2017, 12:46 pm | BusinessDesk

Dec. 6 (BusinessDesk) - New Zealand's burgeoning fintech sector is coming of age with the likes of the Reserve Bank thinking more deeply about the impact changing technology will have on the broader financial system. More >>

Bartercard Celebrates 25 Years

Wednesday, 6 December 2017, 12:30 pm | Bartercard

Bartercard, New Zealand’s original digital currency channel, has racked up more than $4 billion worth trading since it launched in this country in late 1992. Twenty-five years later, the company now has 15,000 cardholders nationwide and more than 6,000 ... More >>

NZ share trading jumps 49% in November

Wednesday, 6 December 2017, 12:28 pm | BusinessDesk

Dec. 6 (BusinessDesk) - New Zealand share trading jumped 49 percent in November from a year earlier, with values up by almost the same amount, as the benchmark NZX 50 Index broke new ground, including a mammoth trading day to finish the month. More >>

Skyline Enterprises announces global expansion plans

Wednesday, 6 December 2017, 12:12 pm | Skyline Enterprises

Pioneering New Zealand tourism company Skyline Enterprises is set to undergo a significant global expansion. More >>

NZ dollar slips after rising above 69 US cents overnight

Wednesday, 6 December 2017, 11:43 am | BusinessDesk

Dec. 6 (BusinessDesk) - The New Zealand dollar fell from its overnight highs against the greenback as dairy prices gained at the latest auction but on lower volumes. It rose against the Aussie dollar after the Reserve Bank of Australia kept its cash ... More >>

While you were sleeping: Tech stocks recover

Wednesday, 6 December 2017, 11:08 am | BusinessDesk

Dec. 6 (BusinessDesk) - Wall Street was mixed as investors assessed the impact of potential revisions to the Republican tax bill that is set to cut corporate tax rates. More >>

Entries open for 2018 NZ Hi-Tech Awards

Wednesday, 6 December 2017, 10:55 am | NZ Hi-Tech Awards

• Strong focus on diversity • New categories added Wednesday 6 December 2017, Auckland – Entries are now open for the 2018 NZ Hi-Tech Awards, New Zealand’s premier technology awards programme. More >>

Entries Are Now Open for the 2018 NZ Hi-Tech Awards

Wednesday, 6 December 2017, 10:48 am | NZ Hi-Tech Awards

We're excited to announce that entries are now open for the 2018 NZ Hi-Tech Awards. You can see all the categories up on our website . More >>

Machine Learning and Data Science Driving Recruitment

Wednesday, 6 December 2017, 10:42 am | Hays

Developments in data, machine learning, predictive analytics and digital technology have resulted in a transformation of the recruitment model with a fundamental change in the way organisations access and recruit much needed talent according to recruiting ... More >>

Dairy product prices rise for first time in five auctions

Wednesday, 6 December 2017, 10:18 am | BusinessDesk

Dec. 6 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, increasing for the first time in five auctions, amid expectations that dry weather conditions in New Zealand might ease milk production. More >>

Dairy Product Prices Rise for First Time in Five Auctions

Wednesday, 6 December 2017, 10:17 am | BusinessDesk

Dec. 6 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, increasing for the first time in five auctions, amid expectations that dry weather conditions in New Zealand might ease milk production. More >>

Survey Highlights Need for Kiwis to Plan for Retirement

Wednesday, 6 December 2017, 9:55 am | ANZ Bank

ANZ Investments is urging New Zealanders to ensure they are on track for a comfortable retirement, following the release of research showing most people will have to live on just New Zealand Superannuation after 10 years of retirement. More >>

Spark Turns on 4.5G in Central Taupō

Wednesday, 6 December 2017, 9:43 am | Spark

• 4.5G is capable of delivering up to 3-5 times more speed and capacity than 4G from a single mobile tower to compatible devices More >>

KiwiRail safety video wins international award

Wednesday, 6 December 2017, 9:28 am | KiwiRail

A KiwiRail video featuring train drivers sharing personal stories of how they’re affected by incidents on the rail network has won a coveted safety award at an international film festival. More >>

New Zealand’s “LinkedIn for Youth” Goes Mobile

Wednesday, 6 December 2017, 9:07 am | YouthHub

A platform connecting young New Zealanders with employment is now mobile-friendly - a move likely to increase its reach beyond the 3000 Kiwis who have embraced Youth Hub since it launched a year ago. More >>

NZCU Baywide wins two Canstar Awards

Wednesday, 6 December 2017, 9:07 am | NZCU Baywide Credit Union

One of New Zealand’s largest credit unions, NZCU Baywide, has been rated as an “outstanding value” lender by Canstar for both its secured and unsecured personal and car loans. More >>

Tegel Foods FY18 Interim Results Announcement

Wednesday, 6 December 2017, 9:06 am | Tegel Foods

New Zealand’s largest poultry producer, Tegel Group Holdings Limited (NZX/ASX: TGH, the Company), today reported its FY18 interim results for the 26 weeks ended 29 October 2017. The company reported Net Profit After Tax (NPAT) of $14.8 million, ... More >>