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Latest Business Headlines [Page 4]

NZ services sector slows in August

Monday, 17 September 2018, 3:07 pm | BusinessDesk

Sept. 17 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, slowed below its long-term average in August. More >>

Leading law firm recognised in New Zealand Law Awards

Monday, 17 September 2018, 2:49 pm | Minter Ellison Rudd Watts

MinterEllisonRuddWatts is proud to be named as a finalist for the Large Law Firm of the Year, Deal Team of the Year and Employer of Choice categories in this year’s New Zealand Law Awards. More >>

Ngāti Whātua Ōrākei Welcomes Landmark Supreme Court Ruling

Monday, 17 September 2018, 2:38 pm | Ngati Whatua Orakei Trust

Ngāti Whātua Ōrākei Trust has today welcomed the Supreme Court’s ruling that Crown decisions regarding the transfer of land as part of proposed Treaty of Waitangi settlements can be judicially reviewed. More >>

Zhonghua Gas Holdings Announces Change of Company Name

Monday, 17 September 2018, 2:35 pm | Asia Corporate News Network - ACN Newswire

HONG KONG, Sept 17, 2018 - (ACN Newswire) - Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246) today announces that the English name of the Company has been changed from "Northern New Energy Holdings Limited" to "Zhonghua Gas Holdings Limited" and ... More >>

ASB shines a spotlight on progressive Kiwi businesses

Monday, 17 September 2018, 2:31 pm | ASB Bank

Kei te whakanui a ASB i ngā pakihi Kiwi e angitū ana ki roto i te nekehanga whakamutunga More >>

Drive Electric ramps up EV advocacy

Monday, 17 September 2018, 1:31 pm | Drive Electric

Electric vehicle advocacy group Drive Electric has been promoting the uptake of EVs in New Zealand on several fronts during recent months. More >>

Auckland Airport recognised globally for sustainability

Monday, 17 September 2018, 1:13 pm | Auckland Airport

Auckland Airport continues to be recognised globally as a sustainable business, with its inclusion in the Dow Jones Sustainability Index (DJSI), announced yesterday, for the eighth consecutive year. The company is one of only eight organisations included ... More >>

Property for Industry to diversify funding base

Monday, 17 September 2018, 12:57 pm | BusinessDesk

Sept. 17 (BusinessDesk) - Property for Industry wants to diversify its funding base with the sale of up to $100 million of bonds. More >>

Aurora faces court action for network reliability breaches

Monday, 17 September 2018, 12:48 pm | BusinessDesk

Sept. 17 (BusinessDesk) - Aurora Energy faces court action after breaching its reliability standards for two years running. More >>

Ngāi Tahu Tourism increases investment in its people

Monday, 17 September 2018, 12:48 pm | Ngai Tahu Tourism

Ngāi Tahu Tourism, one of the largest tourism operators in Aotearoa, has announced its commitment to the living wage of $20.55 and increased its minimum wage effective from July this year. More >>

Takeover offer for Tilt Renewables is inadequate

Monday, 17 September 2018, 12:02 pm | Tilt Renewables

The Independent Directors of Tilt Renewables have today released the Target Company Statement regarding the $2.30 per share takeover offer from the Infratil and Mercury NZ joint venture. The Target Company Statement includes the Independent Adviser’s ... More >>

Waste plastic solution

Monday, 17 September 2018, 11:48 am | Miscanthus NZ

Almost every day in the newspapers and on TV we see something about the waste plastic issue, with shots of what seem to be large quantities of baled waste plastic that are looking for a home. The loss of China as a dumping ground for this material has ... More >>

iPhone XS, iPhone XS Max, Apple Watch Series 4 at Spark

Monday, 17 September 2018, 11:42 am | Spark NZ

Spark NZ today announced it will offer the most advanced iPhones ever, iPhone XS and iPhone XS Max, and Apple Watch Series 4 (GPS), beautifully redesigned with breakthrough communication, fitness and health capabilities. Customers are now able to pre-order ... More >>

NZ dollar starts week on backfoot

Monday, 17 September 2018, 11:40 am | BusinessDesk

Sept. 17 (BusinessDesk) - The New Zealand dollar started the week on the backfoot after reports that US President Donald Trump will proceed with tougher trade barriers on Chinese products bolstered demand for the greenback. More >>

Avis wins at World Travel Awards

Monday, 17 September 2018, 11:26 am | Avis Budget Group

Avis Car Rental New Zealand has been awarded ‘New Zealand Leading Car Rental Company of 2018’ at the 25th Annual World Travel Awards Asia & Australasia Gala Ceremony. Avis achieved the recognition ahead of competition from the likes of Europcar, Hertz, ... More >>

M. bovis highlights need to improve Adverse Events Scheme

Monday, 17 September 2018, 10:55 am | CAANZ

Mycoplasma bovis (M. bovis) highlights that a scheme deferring tax on income from forced livestock sales should be improved not scrapped, Chartered Accountants Australia and New Zealand (CA ANZ) says. More >>

New-look Yellow launches digital solutions for SMEs

Monday, 17 September 2018, 10:51 am | Yellow

17 September 2018 – Yellow has today launched a comprehensive digital marketing offering of needs-based solutions, designed to help SMEs thrive. More >>

NZME Takes Home Big Wins at Awards Nights

Monday, 17 September 2018, 10:20 am | NZME.

17 September 2017 – NZME was awarded a number of honors last week, with wins at the TVNZ Marketing Awards on Thursday 13 September in Auckland, and the News Media Awards on Friday 14 September in Sydney. The TVNZ Marketing Awards were held at the ... More >>

NZ tech Inc should go ahead with a CTO without government

Monday, 17 September 2018, 10:16 am | Make Lemonade

The head of New Zealand biggest tech ecosystem NZTech today called on the country to set up a Chief Technology Advisor(s) – without the support of the government. NZTech chief executive Graeme Muller says the government handling of the CTO process ... More >>

Winners of New Zealand’s first Marina of the Year awards

Monday, 17 September 2018, 10:13 am | Wilde Media

Winners of the first ever NZMOA Marina of the Year awards programme have been celebrated by New Zealand’s marina and boatyard industry.. More >>

Commission to file proceedings against Aurora Energy

Monday, 17 September 2018, 9:30 am | Commerce Commission

The Commerce Commission has decided to file court proceedings against Dunedin-based electricity lines company Aurora Energy for breaching its regulated quality standards in 2016 and 2017. The Commission will be asking the High Court to impose financial ... More >>

Lets be more selective about foreign investment forestry

Monday, 17 September 2018, 9:08 am | ForestX

As the Government considers various foreign investor applications in the forest and wood processing sectors what should it be looking for? More than anything it should be looking for the opportunity to bring improved management into the industry and ... More >>

Kiwi inter-generational wealth transfer hits roadblocks

Monday, 17 September 2018, 8:48 am | Southern Cross Partners

Kiwi parents are finding it harder than ever to help their children buy homes because certain bank lending requirements mean that asset wealth is no longer good enough for mainstream financiers. More >>

HiFX morning Update, September 17 2018

Monday, 17 September 2018, 8:39 am | HiFX

The NZDUSD opens at lower at 0.6555 this morning. The USD strengthened across the board due to positive US economic data and safe-haven buying after reports US President Trump has instructed aids to proceed with tariffs on an additional USD$200 billion ... More >>

Fonterra, Home of the Poor-Performance Bonus

Sunday, 16 September 2018, 4:52 pm | Closing The Gap

Fonterra, Home of the Poor-Performance Bonus The directors of Fonterra have set a dangerous precedent in rewarding the departing chief executive a $3.85m performance bonus for the 2017 financial year when the co-operative profits plunged, said Peter ... More >>

No relationship between alcohol advertising and consumption

Sunday, 16 September 2018, 4:21 pm | Alcohol Beverages Council

There is no relationship between alcohol advertising spend and consumption in New Zealand, according to a new study by the Foundation for Advertising Research. More >>

NZ crane activity hits record amid construction boom

Saturday, 15 September 2018, 1:37 pm | BusinessDesk

Sept. 15 (BusinessDesk) - New Zealand has a record number of cranes operating across city skylines as the country experiences a construction boom, according to the latest RLB Crane Index. More >>

Meridian axes 'unjustifiable' prompt payment discounts

Friday, 14 September 2018, 9:09 pm | BusinessDesk

Sept. 14 (BusinessDesk) - Meridian Energy has axed "unjustifiable" prompt payment discounts, effectively cutting its power prices to all customers by the 10-to-16 percent discount it has traditionally offered to those who pay their electricity ... More >>

Fletcher invests tens of millions on prefab housing factory

Friday, 14 September 2018, 8:55 pm | BusinessDesk

Sept. 14 (BusinessDesk) - Fletcher Building plans to invest "tens of millions" of dollars in a 'panelised' housing plant in South Auckland to coincide with the KiwiBuild programme's call for the establishment of new prefabricated housing capacity. More >>

MARKET CLOSE: NZ shares gain

Friday, 14 September 2018, 8:52 pm | BusinessDesk

MARKET CLOSE: NZ shares gain as thaw in US-China trade relations boosts optimism; Pushpay rises on upgrade More >>

NZ dollar headed for 0.8% weekly gain

Friday, 14 September 2018, 8:17 pm | BusinessDesk

NZ dollar headed for 0.8% weekly gain as fears of trade war ease By Rebecca Howard More >>

Messara recommends against listing TAB

Friday, 14 September 2018, 8:11 pm | BusinessDesk

Sept. 14 (BusinessDesk) - Australian racing expert John Messara considered privatising and listing the TAB but didn't recommend it given the lack of appetite among ministers and the wider industry. More >>

Strong June qtr GDP growth should quell rate cut risk

Friday, 14 September 2018, 7:46 pm | BusinessDesk

Sept. 14 (BusinessDesk) - Strong economic growth should calm expectations for a possible rate cut this year. More >>

TPT Group acquires IT Engine

Friday, 14 September 2018, 7:33 pm | TPT Group

TPT Group acquires IT Engine TPT Group is pleased to announce the acquisition of IT Engine, a Wellington based IT services business. More >>

Former Summerset chief Barlow to head Heritage Lifecare

Friday, 14 September 2018, 6:41 pm | BusinessDesk

Sept. 14 (BusinessDesk) - Former Summerset Group chief executive Norah Barlow will return to the domestic aged care sector in November to head mid-market player Heritage Lifecare. More >>

Renewables, market power may force electricity change

Friday, 14 September 2018, 6:12 pm | BusinessDesk

Sept. 14 (BusinessDesk) - New Zealand may have to consider changing its wholesale electricity market as increasing volumes of solar and wind energy make it harder to fund traditional large-scale generation, an Auckland academic says. More >>

Southern Cross sinks into the red

Friday, 14 September 2018, 6:10 pm | BusinessDesk

Sept. 14 (BusinessDesk) - Not-for-profit health insurer Southern Cross Medical Care Society posted an annual deficit as a rising number of claims for specialist procedures and prescriptions outpaced higher premiums from a bigger customer base. More >>

KidsCan supports Meridian Energy decision

Friday, 14 September 2018, 6:03 pm | KidsCan

KidsCan Founder and CEO Julie Chapman says she is pleased Meridian Energy have made the decision to scrap their prompt payment discounts saying they disadvantaged our most vulnerable families. More >>

Meridian to replace unfair prompt payment discounts

Friday, 14 September 2018, 6:02 pm | Meridian Energy

Meridian Energy will replace prompt payment discounts with a monthly guaranteed discount of equal value to all customers from 1 October. More >>

European Vote a Win for Music Creators Worldwide

Friday, 14 September 2018, 5:11 pm | APRA - AMCOS

APRA AMCOS applauds the European Parliament’s historic vote yesterday for a new Copyright Directive as a major win for music creators and innovation in the cultural industries. More >>

iPhone XS and iPhone XS Max available at Vodafone

Friday, 14 September 2018, 3:57 pm | Vodafone

Vodafone today announced it will offer the most advanced iPhones ever, iPhone XS and iPhone XS Max. Customers will be able to pre-order beginning this Friday night 7.01pm, at https://www.vodafone.co.nz/iphoneXS and Vodafone stores, and will be available ... More >>

Fulton Hogan Chosen by Wellington Water

Friday, 14 September 2018, 3:21 pm | Wellington Water

The new contract, in place from July 2019, is anticipated to be for a minimum of ten years and is subject to negotiations. More >>

Southern Cross Health Society returns record value

Friday, 14 September 2018, 3:11 pm | Southern Cross Health Society

Southern Cross Health Society has today released its annual financial results, showing solid growth in membership and value for money delivered to members. More >>

First NZ lifts Fonterra Fund to neutral

Friday, 14 September 2018, 2:52 pm | BusinessDesk

Sept. 14 (BusinessDesk) - First New Zealand Capital lifted its rating on the Fonterra Shareholders' Fund to 'neutral' from 'underperform' and said the first signs of a change in approach look encouraging. More >>

Double award win for Abley at international Traffic Records

Friday, 14 September 2018, 2:40 pm | Abley

Abley’s specialist strategic road safety team have won two prestigious awards at the 2018 ATSIP International Traffic Records Forum held recently in Milwaukee, Wisconsin (USA). More >>

Te Ara Oranga wins Workforce Innovation Award

Friday, 14 September 2018, 2:36 pm | Northland District Health Board

Northland DHB Mental Health & Addiction Services (on behalf of the Te Ara Oranga steering group) were presented with the Supreme Matua Raki Workforce Innovation Award last night at the Cutting Edge Conference dinner in Rotorua. More >>

Renaissance optimistic about foray into digital classifieds

Friday, 14 September 2018, 2:26 pm | BusinessDesk

Sept. 14 (BusinessDesk) - Boutique investor Renaissance Asset Management says the bargain price it paid to increase its stake in NZME doesn't reflect the potential of its burgeoning digital classified ads business. More >>

Second strike at OceaniaGold Waihi mine

Friday, 14 September 2018, 2:20 pm | E Tu

Workers at OceaniaGold in Waihi will be on strike again this weekend, as the company continues to refuse a fair deal for the workers. More >>

NZ sheep & beef farm profits forecast to slip

Friday, 14 September 2018, 2:17 pm | BusinessDesk

Sept. 14 (BusinessDesk) - New Zealand sheep and beef farm profits are expected to decline in the coming year as higher spending outweighs a lift in revenue from the products they sell. More >>

NZ manufacturing activity recovers in August

Friday, 14 September 2018, 2:11 pm | BusinessDesk

New Zealand's manufacturing activity grew at a faster pace in August as increased demand from the construction industry underpinned a pick-up in production and new orders. More >>

Biomass the Big Winner

Friday, 14 September 2018, 2:01 pm | Azwood Energy

Woody biomass was the big winner when the final Productivity Commission Report on a Low-emissions Economy was released last week. More >>

My Food Bag CEO awarded top honour

Friday, 14 September 2018, 1:58 pm | My Food Bag

My Food Bag CEO Kevin Bowler has been inducted into the TVNZ-NZ Marketing Hall of Fame, one of the most prestigious honours in marketing. More >>

Low Emissions Economy report doesn't pass the warrant mark

Friday, 14 September 2018, 1:54 pm | Miscanthus NZ

The Productivity Commission’s voluminous Low Emissions Economy report is not something that can be read and digested quickly. And it is so big that it is doubtful if anybody can claim to have been through the whole thing. But the impression that is created ... More >>

Company-X partners with Silicon-Valley based Enquero

Friday, 14 September 2018, 1:52 pm | Company X

Software specialist Company-X and digital transformation experts Enquero Inc have formed a partnership spanning the Pacific Ocean. More >>

Shareholders approve amendments to Constitution

Friday, 14 September 2018, 12:03 pm | Silver Fern Farms

• 92.27% vote in support of constitutional changes • The vote return percentage was 27.48% of eligible votes. • Votes were received from 612 eligible voters, out of a total 6,751 eligible voters. More >>

TIA makes a formal commitment to Māori tikanga

Friday, 14 September 2018, 12:00 pm | Tourism Industry Aotearoa

Tourism Industry Aotearoa’s staff and board have made a formal commitment to establishing cultural competency in Māori tikanga, embarking on a journey to weave Te Ao Māori into the way it goes about its business and engages with the tourism industry. More >>

Housemart Queenstown: Taking the top award again!

Friday, 14 September 2018, 11:49 am | Housemart Queenstown

A Queenstown-based property management company is once again the ‘best of the best’ in New Zealand -- leading the way with innovative systems, technology, service and customer care. More >>

NZ dollar gains capped as Trump keeps pressure on China

Friday, 14 September 2018, 11:45 am | BusinessDesk

Sept. 14 (BusinessDesk) - The New Zealand dollar's gains were capped overnight as US President Donald Trump talked down reports he was seeking to settle a trade dispute with China and said the Asian nation remained "under pressure" to reach a deal. More >>

Fonterra announces Managing Director Fonterra Brands NZ

Friday, 14 September 2018, 11:37 am | Fonterra

Fonterra is pleased to welcome Brett Henshaw to the Co-operative as Managing Director, Fonterra Brands, New Zealand (FBNZ). Brett is currently Managing Director of The Griffin’s Food Company and he will take up his role with Fonterra in the first ... More >>

New Zealand's first online yoga website launches

Friday, 14 September 2018, 10:24 am | PR.co

( PR.co.nz ) Building on the popularity of yoga across New Zealand, this month sees the official launch of New Zealand's first online yoga website. All classes are taught by New Zealand teacher Sarah Dunning, who has over 10 years experience in yoga and ... More >>