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Latest Business Headlines

Confident Kiwis investing more, but help needed for some

Tuesday, 20 August 2019, 8:28 am | Kiwi Wealth

Increasing numbers of New Zealanders may have greater wealth in the future, thanks to confident engagement with investments. But many vulnerable Kiwis could be collectively missing out on millions by not being more engaged. Those most disadvantaged are Māori ... More >>

Achieving an exciting and safer nightlife in New Zealand

Tuesday, 20 August 2019, 8:23 am | The New Zealand Initiative

Wellington (20 August 2019): To reinvigorate nightlife in our cities we need to take a more modern and balanced approach, says a report released today by The New Zealand Initiative. More >>

REINZ welcomes new guidelines from the Privacy Commission

Tuesday, 20 August 2019, 8:19 am | Real Estate Institute Of New Zealand

The Real Estate Institute of New Zealand (REINZ) has today welcomed the new guidelines which have been released by the Office of the Privacy Commissioner (OPC) as being much clearer and simpler for the industry to follow. Bindi Norwell, Chief Executive ... More >>

MARKET CLOSE: NZ shares gain on tweaked earnings outlooks

Monday, 19 August 2019, 9:00 pm | BusinessDesk

Aug. 19 (BusinessDesk) - New Zealand shares snapped a six-day decline, rising ahead of a flurry of company results this week as investors adjusted their earnings expectations to the benefit of A2 Milk and detriment of Fletcher Building. More >>

NZ dollar drifts lower ahead of central bank talk-fest

Monday, 19 August 2019, 8:27 pm | BusinessDesk

Aug. 19 (BusinessDesk) - The New Zealand dollar drifted lower despite a mildly positive tone to sentiment once Asian trading kicked in. More >>

Modern Style Outdoor Furniture Launches New Ecommerce Site

Monday, 19 August 2019, 8:04 pm | Modern Style Outdoor Furniture

We are extremely pleased to announce the launch of our new, refreshed website. After 6 months of hard work and commitment, we are thrilled to announce Modern Style Outdoor Furniture ecommerce site is now live. More >>

PFI cautious about new acquisitions

Monday, 19 August 2019, 5:04 pm | BusinessDesk

Aug. 19 (BusinessDesk) - Property For Industry is an interested, if cautious, buyer of industrial property in a market where rising valuations helped lift the firm's first-half profit by 57 percent. More >>

NZ Steel earnings fall on weaker prices, higher costs

Monday, 19 August 2019, 4:49 pm | BusinessDesk

Aug. 19 (BusinessDesk) - BlueScope Steel’s New Zealand business reported a 28 percent drop full-year operating earnings due to higher input costs and a drop in prices for export steel and vanadium. More >>

Countdown to the 2019 Bayer Young Viticulturist of the Year

Monday, 19 August 2019, 4:48 pm | NZ Wine

Following six regional finals throughout June and July, the countdown is on to the 2019 Bayer Young Viticulturist of the Year National Final. Six finalists from around the country will take part in this prestigious competition on Monday 26th August ... More >>

Making fresh Sound in the Capital

Monday, 19 August 2019, 4:16 pm | POW Studios

POW Studios, Wellington’s award-winning Post Production Company, celebrated their shift across Wellington, from Miramar to a larger custom-built facility in Mount Cook with Dame Gaylene Preston officially opening their new premises, last Wednesday. More >>

2 Cheap Cars Appoints Huffer Founder as New CEO

Monday, 19 August 2019, 4:15 pm | 2 Cheap Cars

One of New Zealand’s largest used car retailers has appointed the founder of Huffer as its new CEO. More >>

Substantial packhouse and cool store operation for sale

Monday, 19 August 2019, 4:05 pm | Bayley's Real Estate

The land, substantial industrial buildings, and business sustaining one of the biggest privately-owned horticultural packing and distribution centres in the Western Bay of Plenty have been placed on the market for sale. More >>

Vodafone supports Mini Robot Rumble

Monday, 19 August 2019, 3:13 pm | Vodafone

New Zealand’s Mini Robot Rumble, running for its third year, is set to bring robotics to life in smashing fashion for a new generation of Kiwi kids. The annual Mini Robot Rumble which will be held on August 24, is an Auckland University Robotics Association ... More >>

Waltag and Labour out to increase the price of liquor

Monday, 19 August 2019, 3:12 pm | John Riddell

Local Body candidate and current Waitakere Licensing Trust Candidate is concerned that Party Politics is making it harder for ordinary people to stand for Local Government, and could also upset business settings for Local Trusts. More >>

Spat between ihug founder and ex-wife hits High Court

Monday, 19 August 2019, 3:11 pm | BusinessDesk

Aug. 19 (BusinessDesk) - Former ihug co-founder Tim Wood is being sued by his former wife Sasha, in a High Court case involving three Queen's Counsel. More >>

Comcom loses bid to derail Harmoney appeal

Monday, 19 August 2019, 3:04 pm | BusinessDesk

Aug. 19 (BusinessDesk) - The Commerce Commission has lost a bid to thwart peer-to-peer lender Harmoney’s appeal against regulatory proceedings. More >>

NZ gaming industry outlines plan for home-grown 'Angry Birds

Monday, 19 August 2019, 3:02 pm | BusinessDesk

Aug. 19 (BusinessDesk) - The government will look "very seriously" at recommendations from the New Zealand digital gaming industry for the establishment of a new NZ Games Investment Fund and associated NZ Interactive Commission, says ... More >>

Dairy manufacturers got better prices in June quarter

Monday, 19 August 2019, 2:59 pm | BusinessDesk

Aug. 19 (BusinessDesk) - Dairy product manufacturers received higher prices in the June quarter, which helped boost New Zealand producer margins more generally. More >>

Steven Robertson convicted on 38 charges relating to PTT Ltd

Monday, 19 August 2019, 1:40 pm | Financial Markets Authority

The Financial Markets Authority (FMA) has today welcomed the Auckland High Court convicting Steven Robertson of 38 charges relating to PTT Limited and associated entities. More >>

Service sector activity picks up in July

Monday, 19 August 2019, 1:36 pm | BusinessDesk

Activity in the services sector improved in July to the highest level since January and inched above the long-term average. More >>

Leading Auckland SEO Company Opens New Office

Monday, 19 August 2019, 1:22 pm | Clickthrough SEO Auckland

Auckland-based SEO company Clickthrough Digital Ltd will be expanding their reach into Takapuna with the opening of a new office. In August 2019, Clickthrough Digital Ltd opened its new office in the B:Hive , Takapuna. B:Hive, located at Smales Farm, ... More >>

NZTE And Whanganui Iwi Partner for Expo 2020 Dubai

Monday, 19 August 2019, 1:05 pm | Expo 2020

The indigenous environmental ethos of kaitiakitanga will be the underlying theme of New Zealand’s pavilion at Expo 2020 Dubai, inspired by the world-first legal status accorded to the Whanganui River. More >>

Dolphin plan deeply flawed

Monday, 19 August 2019, 12:20 pm | Seafood New Zealand

The government’s proposed Threat Management Plan (TMP) for Hector’s and Maui dolphin will put hundreds of small fishermen out of business and hundreds of millions of dollars will be lost from regional economies – and may not save one dolphin. More >>

RUSH appoints new Chairman, Bruce Cotterill

Monday, 19 August 2019, 11:49 am | Rush

Auckland-based design tech studio, RUSH has announced today the appointment of their new Chairman, Bruce Cotterill. More >>

Company results, Fed to provide clues on recession risk

Monday, 19 August 2019, 11:35 am | BusinessDesk

Aug. 19 (BusinessDesk) - Domestic listed company results will dominate the news flow in New Zealand this week and investors will be paying particular attention to outlook statements to see if chief executives see any sign of recession or whether they think ... More >>

NZ dollar range-bound as global growth jitters increase

Monday, 19 August 2019, 11:06 am | BusinessDesk

Aug. 19 (BusinessDesk) - The New Zealand dollar is sticking to a tight range as global growth concerns continue to weigh on sentiment. More >>

XE Data Update - NZ Producer Price Index

Monday, 19 August 2019, 11:03 am | XE Money Transfer

The NZ Q2 Producers Price Index (PPI) for has just been released. The PPI came in better than expected. NZ PPI Q2 (compared with Q1): PPI Inputs +0.3% Consensus -0.9% PPI Outputs +0.5% Consensus -0.5% The NZD is little moved in immediate response. ... More >>

nib New Zealand funds increasing healthcare

Monday, 19 August 2019, 10:56 am | nib New Zealand

nib New Zealand today announced strong net policyholder growth for the 12 months to 30 June 2019 (FY19) up 7.2% on the previous financial year. Premium revenue also grew by 6.9% to NZ$229.6 million. More >>

Soon to be vacant medical centre for sale has potential

Monday, 19 August 2019, 10:53 am | Bayley's Real Estate

The land and buildings which have housed the only full-service medical centre in the Waikato township of Paeroa have been placed on the market for sale or lease. More >>

Dairy product prices for manufacturers up 8.7 percent

Monday, 19 August 2019, 10:52 am | Statistics New Zealand

Prices received by manufacturers of butter, cheese, and milk powder rose 8.7 percent in the June 2019 quarter compared with the March 2019 quarter, after falls in the previous two quarters, Stats NZ said today. More >>

Former pharmaceutical company offices for sale

Monday, 19 August 2019, 10:51 am | Bayley's Real Estate

The extensive land and purpose-built complex which has housed the New Zealand offices of a global healthcare and agriculture company has been placed on the market for sale for the first time since the building was constructed in 1985. More >>

Paul Barnes appointed as new CEO of FoxPlan Ltd

Monday, 19 August 2019, 10:14 am | FoxPlan Limited

Paul started with the firm in 2012 before being appointed as Managing Director in 2017. More >>

Industry plan could create a billion dollar gaming sector

Monday, 19 August 2019, 10:02 am | New Zealand Game Developers Association

A new report says that an industry development plan for New Zealand’s interactive media and games sector could create a billion dollar export industry by 2024. Introducing a coordinated plan that invests in emerging talent and allows interactive media to ... More >>

We’re more than just pensions

Monday, 19 August 2019, 9:15 am | Anglican Financial Care

The New Zealand Anglican Church Pension Board announced today it is adopting the trading name of Anglican Financial Care / Te Maru Mihinare. More >>

Police officer, psychologist, top job searches

Monday, 19 August 2019, 9:07 am | Tertiary Education Commission

There’s a strong theme of supporting and caring for New Zealanders in the latest search data from the website. More >>

The future of dairy is plants

Monday, 19 August 2019, 9:01 am | Vegan Society

As Fonterra is projecting multi million dollar losses for the second year in a row, it is clear the writing is on the wall for dairy as more and more Kiwis turn to plant milks. 22nd August is International Plant Milk Day and there is now a different plant ... More >>

XE Morning Update - August 19, 2019

Monday, 19 August 2019, 8:25 am | XE Morning Update

The NZDUSD opens at 0.6425 (mid-rate) this morning. More >>

ASB Quarterly Economic Forecast August 2019

Monday, 19 August 2019, 8:22 am | ASB Bank

The expected rocket back to growth for the New Zealand economy has stalled somewhat, despite a number of factors continuing to propel it forward, according to the latest ASB Quarterly Economic Report More >>

Let’s make more of KiwiSaver for homeownership

Sunday, 18 August 2019, 1:36 pm | Century 21 Real Estate

Across New Zealand, real estate listings and sales in the second quarter were generally slow, but then July saw an unexpected lift. More >>

This Side up Becomes IAB Awards Finalist

Saturday, 17 August 2019, 5:20 pm | This Side Up

This Side up Becomes IAB Awards Finalist in Two Categories Including NZ Digital Agency of the Year More >>

Celebrating 200 Years of New Zealand Wine

Saturday, 17 August 2019, 11:09 am | NZ Winegrowers

September 25 2019 marks 200 years since the first planting of grapevines in New Zealand. More >>

New Zealand Coastal Seafoods successfully lists on ASX

Saturday, 17 August 2019, 10:23 am | NZ Coastal Seafoods

New Zealand Coastal Seafoods Limited (ASX: NZS) has joined other leading New Zealand food and beverage export companies on the ASX, after recommencing trading of its shares on August 5, 2019. As announced on 23 July 2019, the Company succesfully raised ... More >>

MARKET CLOSE: NZ shares fall as global uncertainty weighs

Friday, 16 August 2019, 8:54 pm | BusinessDesk

MARKET CLOSE: NZ shares fall as global uncertainty weighs on utilities; Sky gains on M&A More >>

NZ dollar withstands poor manufacturing data

Friday, 16 August 2019, 8:25 pm | BusinessDesk

Aug. 16 (BusinessDesk) - The New Zealand dollar is little changed after an attempt to push it down on the back of poor manufacturing data failed to keep it lower. More >>

Bublitz to serve home detention following appeal

Friday, 16 August 2019, 6:51 pm | BusinessDesk

Aug. 16 (BusinessDesk) - A partially successful appeal will see former Viaduct Capital and Mutual Finance executive Paul Bublitz leave prison for home detention after some convictions were quashed. More >>

Global trends plus ultimate comfort put Ziera a step ahead

Friday, 16 August 2019, 6:49 pm | Ziera

Ziera’s collection for spring and summer is all about making a strong statement, whether that’s for work, play or party. More >>

Former G8 boss takes over management of Evolve

Friday, 16 August 2019, 4:35 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Evolve Education's biggest shareholder will take over the day-to-day running of the early childcare education operator in 10 days after chief executive Roseanne Graham handed in her notice. More >>

Cruise value to NZ showing massive growth

Friday, 16 August 2019, 4:28 pm | NZ Cruise Association

The value of cruise to New Zealand is climbing more quickly than other sectors of tourism, with new figures showing a massive climb of 28% in the 2018-19 season. Official figures released by Stats NZ today show cruise is now worth $570 million a year to ... More >>

Ngāi Tahu Holdings Chief Executive resigns

Friday, 16 August 2019, 3:23 pm | Ngai Tahu

Ngāi Tahu Holdings Chief Executive Mike Sang has today announced his resignation, after nearly seven years in the role and a decade working for the iwi. More >>

Precinct boosts earnings, withholds $34m from Fletcher

Friday, 16 August 2019, 3:12 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Precinct Properties has now withheld $34 million from Fletcher Construction for delays on Auckland’s Commercial Bay project, and says the high-end development is on track for its two-2020 opening dates. More >>

Sky TV shares rise on US$40m RugbyPass acquisition

Friday, 16 August 2019, 3:11 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Sky Network Television shares rose 3.3 percent as investors welcomed plans to extend its foray into online media and push for a bigger global rugby audience by buying online rugby platform RugbyPass for up to US$40 million. More >>

NZ Compare recognised for excellence

Friday, 16 August 2019, 2:43 pm | NZ Compare

NZ Compare were delighted to be shortlisted as Finalists in an amazing 3 categories for the Westpac Auckland Business Awards 2019. NZ Compare were shortlisted for: More >>

FMA Statement on Court of Appeal judgment

Friday, 16 August 2019, 2:01 pm | Financial Markets Authority

The FMA notes the judgment from the Court of Appeal in relation to Mr Paul Bublitz and Mr Bruce McKay. More >>

NZ manufacturing activity shrinks for first time in 7 years

Friday, 16 August 2019, 1:53 pm | BusinessDesk

Aug. 16 (BusinessDesk) - New Zealand manufacturing activity contracted for the first time in seven years as new orders dried up and job numbers tumbled. More >>

Orr defends RBNZ rate cut, says monetary policy looks ahead

Friday, 16 August 2019, 1:25 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Central bank governor Adrian Orr came out swinging in response to an opinion piece from BusinessNZ chief executive Kirk Hope who called on the bank to focus on a "conservative, principles-based, no-surprises approach to monetary ... More >>

Michael Hill underlying earnings fall 14% as margins squeeze

Friday, 16 August 2019, 1:06 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Michael Hill International reported a slide in underlying earnings as margins were squeezed in a competitive retail environment. More >>

Review identifies positive infrastructure delivery changes

Friday, 16 August 2019, 1:05 pm | Association of Consulting Engineers New Zealand

A report published this week by the Infrastructure Transaction Unit, within Treasury, examined issues associated with the use of New Zealand Standard Conditions of Contract for Building and Civil Engineering, in public sector-initiated construction projects. ... More >>

Mainzeal’s Yan to resist bankruptcy

Friday, 16 August 2019, 1:04 pm | BusinessDesk

Aug. 16 (BusinessDesk) - Former Mainzeal director Richard Yan says he’ll fight pressure from liquidators at BDO after they moved to make him bankrupt. More >>

Qatar Airways named official airline partner of Eden Park

Friday, 16 August 2019, 12:39 pm | Qatar Airways

AUCKLAND, New Zealand – Today Qatar Airways announces a new strategic partnership with Eden Park, the stadium where some of New Zealand’s most memorable rugby moments have been witnessed. More >>

Motorola Solutions appoints new business leader

Friday, 16 August 2019, 12:09 pm | Motorola

MELBOURNE, Australia – August 16, 2019 – Motorola Solutions, Inc. (NYSE: MSI) today appointed Con Balaskas as its new Managing Director for Australia and New Zealand. More >>