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Latest Business Headlines [Page 4]

CBL Investigation update

Monday, 12 November 2018, 4:32 pm | Financial Markets Authority

The FMA is aware of the significant ongoing interest in its CBL investigation. The FMA set out details of this investigation in July. More >>

Reserve Bank welcomes uncontested liquidation of CBL

Monday, 12 November 2018, 4:01 pm | Reserve Bank

Reserve Bank welcomes uncontested liquidation of CBL Insurance The Reserve Bank of New Zealand welcomes placement of CBL Insurance Ltd into liquidation, without the need for a contested hearing. At a hearing in Auckland today, the High Court ... More >>

Electronic card spending inches higher in October

Monday, 12 November 2018, 3:02 pm | BusinessDesk

Nov. 12 (BusinessDesk) - Retail spending on electronic cards inched higher in October as petrol prices rose to record levels, boosting fuel spending. However this was largely offset by a decline in payments on vehicles and apparel. More >>

Seeka plans $50M rights offer to fund expansion

Monday, 12 November 2018, 2:52 pm | BusinessDesk

Nov. 12 (BusinessDesk) - Kiwifruit grower and marketer Seeka plans to raise about $50 million from shareholders to help fund its ongoing expansion. More >>

Employee Experience Awards Success

Monday, 12 November 2018, 2:50 pm | Humankind

On Thursday 8 November, six organisations received the ultimate award taking out their category win at New Zealand’s first ever Employee Experience Awards, naming them as the most valuable places to be employed throughout New Zealand. Over 150 ... More >>

Vital finds an 'independent' director at last

Monday, 12 November 2018, 2:29 pm | BusinessDesk

Nov. 12 (BusinessDesk) - Vital Healthcare Property Trust has finally found a so-called independent director, Graham Stuart, who was Sealord’s chief executive until 2014 and before that Fonterra’s chief financial officer for seven years. More >>

Vital finds an 'independent' director at last

Monday, 12 November 2018, 1:54 pm | BusinessDesk

Nov. 12 (BusinessDesk) - Vital Healthcare Property Trust has finally found a so-called independent director, Graham Stuart, who was Sealord’s chief executive until 2014 and before that Fonterra’s chief financial officer for seven years. More >>

VIB Accelerates Therapeutic Biologics Discovery

Monday, 12 November 2018, 1:35 pm | Geneious Biologics

AUCKLAND, NZ – November 12, 2018 – Geneious Biologics, an enterprise software solution for companies engaged in screening of antibodies and antibody-like molecules, has been chosen by the VIB (a Life Sciences Research Institute in Belgium) to support ... More >>

Dairy Industry Awards deadline approaches

Monday, 12 November 2018, 1:29 pm | NZ Dairy Industry Awards

Time is running out for people to enter the 2019 New Zealand Dairy Industry Awards, with entries closing this Friday 16 November. More >>

Rabobank Wine Quarterly Q4

Monday, 12 November 2018, 1:19 pm | Rabobank

Building deeper relationships with consumers is becoming a priority for the wine industry in an increasingly crowded market, according to insights from a recent US industry symposium in California. More >>

Auckland convention centre won't be finished by Dec 2019

Monday, 12 November 2018, 1:18 pm | BusinessDesk

Nov. 12 (BusinessDesk) - SkyCity Entertainment Group expects further delays at its “challenging” New Zealand International Convention Centre project in Auckland but still has no date for its opening. More >>

Cityhop Car Share Announces Strategic Partnership

Monday, 12 November 2018, 1:07 pm | Cityhop

Cityhop Car Share Announces Strategic Partnership • Cityhop is New Zealand’s largest and longest established car share operator with a fleet of more than 80 vehicles in Auckland and Wellington. • Cityhop has entered into a strategic partnership ... More >>

Staples Rodway New Zealand appoints new Chair

Monday, 12 November 2018, 1:01 pm | Staples Rodway

Accounting, Audit and business advisory firm Staples Rodway is pleased to announce the appointment of David Searle as its new National Chair. More >>

BNZ’s history making mortgage rate delivers confidence

Monday, 12 November 2018, 12:47 pm | Bank of New Zealand

Bank of New Zealand is offering customers a two-year home loan rate not seen in at least a quarter of a century. More >>

Kiwi holds last week's gains, steady against greenback

Monday, 12 November 2018, 12:01 pm | BusinessDesk

Nov. 12 (BusinessDesk) - The New Zealand dollar held steady against the greenback, maintaining last week’s gains, as investors await data slated for release today including domestic electronic card transactions and ANZ’s monthly gauge of inflation. More >>

Fuel spending up as petrol prices rise

Monday, 12 November 2018, 11:22 am | Statistics New Zealand

Spending on fuel rose in October as petrol prices reached record levels, but less was spent on clothes and shoes, Stats NZ said today. More >>

Housing New Zealand congratulates Urban Design Manager

Monday, 12 November 2018, 11:09 am | Housing New Zealand

Housing New Zealand warmly congratulates its Urban Design Manager, Sue Evans, who on Friday night (9 November) at Te Papa won industry recognition with a national award from the president of the New Zealand Institute of Architects (NZIA). More >>

Modern suburban retail hub placed on the market for sale

Monday, 12 November 2018, 11:02 am | Bayleys

A substantial four-year-old multi-unit urban shopping centre located in suburban Tauranga has been placed on the market for sale. More >>

Record annual guest nights surpass 40 million

Monday, 12 November 2018, 10:57 am | Statistics New Zealand

Nights spent in short-term commercial accommodation set a new record in the year ended September 2018, surpassing 40 million guest nights for the first time, Stats NZ said today. More >>

INSIDE Recruitment teams up with strategic HR consultancy

Monday, 12 November 2018, 10:52 am | INSIDE Recruitment

A new partnership has been announced between one of New Zealand’s leading employment agencies, INSIDE Recruitment, and Wellington-based strategic human resources consultancy, HR Plus. More >>

Rocket Lab reaches orbit again, deploys more satellites

Monday, 12 November 2018, 9:59 am | Rocket Lab

Auckland, New Zealand. November 11, 2018: Rocket Lab has continued the success of its 2018 orbital launch program with the launch of seven payloads to orbit today. The mission, named ‘It’s Business Time,’ marks Rocket Lab’s second successful ... More >>

Champion sharemilkers’ dairy farm placed on the market

Monday, 12 November 2018, 9:20 am | Bayley's Real Estate

A dairy farm owned by two former regional Sharemilker of the Year winners has been placed on the market for sale as part of a plan to diversify their rural business interests. More >>

BitPrime Cryptocurrency Price Update

Monday, 12 November 2018, 9:06 am | BitPrime

Cryptocurrency Market Market capitalisation yesterday: NZD$314,191,883,299 Market capitalisation today: NZD$315,505,151,092 Change: 0.42% More >>

Commercial and hospo’ tenants sought

Monday, 12 November 2018, 9:04 am | Bayleys

The upper two floors of commercial space and the ground-floor hospitality-designated area of a soon-to-be-opened medical hub and high-end apartment complex in the heart of Auckland have been brought to the market for leasing. More >>

Lines company performance data highlights emerging trends

Monday, 12 November 2018, 8:52 am | Commerce Commission

The Commerce Commission has published its third set of one-page summaries of key performance measures for each of New Zealand’s 29 electricity lines companies. More >>

HiFX Morning Update

Monday, 12 November 2018, 8:25 am | HiFX

Although there was very little immediate reaction to Friday morning’s Federal Reserve statement the US dollar gradually rose throughout the trading day pushing the NZDUSD rate back below 0.6750. As widely expected the Fed kept interest rates unchanged ... More >>

Urgent research wanted for commercial drones

Monday, 12 November 2018, 8:02 am | Incredible Skies

New Zealand’s newest drone research company believes the first regular commercial drone service will launch in New Zealand in the next two years, but says urgent research must happen first to ensure the public’s safety. More >>

Higher spending in spite of higher petrol prices

Monday, 12 November 2018, 7:52 am | Paymark

The annual growth rate picked up in Auckland/Northland during October, rising to 5.1% which is above the 12-month average of 3.3%. Excluding petrol stations, the ex-fuel annual growth rate was also 5.1% and up on previous months, suggesting the ... More >>

World-first NZ tech changing global agriculture landscape

Monday, 12 November 2018, 7:32 am | Make Lemonade

New Zealand agritech companies are creating world-first technology to help feed the world and lead the way in their industry, AgritechNZ chief executive Peter Wren-Hilton says. More >>

From Plastic To Posts

Sunday, 11 November 2018, 1:02 pm | Fonterra Co-operative Group Ltd

Anchor™ Light Proof™ milk bottles will soon be appearing on farms across New Zealand, but you won’t find them in the fridge. Fonterra has teamed up with Kiwi-owned start up, Future Post™, to turn milk bottles and other soft plastics into fence ... More >>

Gaming Machine Quarterly statistics

Sunday, 11 November 2018, 12:30 pm | Gaming Machine Association of New Zealand

Keeping funding available on sustainable levels to community organisations across New Zealand is looking more secure, with a 3.4 percent increase in Gaming Machine Proceeds (GMP) from Class 4 Gambling (pokies) in the June-September 2018 quarter, ... More >>

2018 New Zealand architecture awards announced

Sunday, 11 November 2018, 12:18 pm | NZ Architecture Awards

The year’s best architecture has been announced at a celebratory dinner at Te Papa Tongarewa in Wellington. More >>

Celebrating New Zealand’s finest in franchising

Sunday, 11 November 2018, 12:13 pm | Franchise Association of New Zealand

Paramount Franchise Services and Speedy Signs New Plymouth have received the Supreme awards at the 2018 Westpac New Zealand Franchise Awards held in Auckland tonight (Saturday 10th November). More >>

Most New Zealanders worried about being scam victims

Sunday, 11 November 2018, 11:38 am | Westpac

Most New Zealanders worried about being scam victims Ninety per cent of New Zealanders are concerned about being scammed or defrauded and one in three say they’ve been a victim, according to a new survey by Westpac New Zealand (NZ). These findings, ... More >>

Low-Carbon Transport by 2050 is Possible with Trade-Offs

Saturday, 10 November 2018, 11:49 am | Infrastructure NZ

Reducing the carbon footprint from transport in New Zealand by up to 90% by 2050 is achievable with a combination of new vehicle technologies, behavioural change and substantial investment in renewable energy generation, states a new report by ... More >>

Home loan rates lowest on record

Saturday, 10 November 2018, 11:31 am | ANZ Bank

New Zealand’s largest home loan lender, ANZ Bank New Zealand, has today announced its lowest home lending interest rates on record – 3.95% p.a. for a fixed one-year term[1]. More >>

MARKET CLOSE: NZ stocks extend gains

Friday, 9 November 2018, 9:00 pm | BusinessDesk

Nov. 9 (BusinessDesk) - New Zealand shares rose as benign comments from the US and local central banks supported a more positive outlook through to the end of the year. More >>

NZ dollar heads for 1.2% weekly gain on strong jobs numbers

Friday, 9 November 2018, 8:16 pm | BusinessDesk

Nov. 9 (BusinessDesk) - The New Zealand dollar is headed for a 1.2 percent weekly lift, underpinned by strong domestic jobs data and a slightly more upbeat central bank, although it pared some gains when the US Federal Reserve reinforced expectations ... More >>

Genesis says no collusion among generators

Friday, 9 November 2018, 7:59 pm | BusinessDesk

Nov. 9 (BusinessDesk) - Genesis Energy says recent stress in the wholesale electricity market does not mean the major generators have colluded against the rest of the sector. More >>

Plexure congratulated on Nasdaq Tower in Times Square

Friday, 9 November 2018, 7:15 pm | Plexure

Mobile engagement software company Plexure has been publicly congratulated by American technology exchange, the Nasdaq, following reports of its maiden profit last week. More >>

Fonterra: smaller, more focused, more profitable

Friday, 9 November 2018, 7:11 pm | BusinessDesk

Nov. 9 (BusinessDesk) - Fonterra has a rare opportunity to shed assets that aren't performing, write down others to attract investment partners, and become a company more focused on value than volume, says First NZ Capital. More >>

Network for Learning NZ's Broadband Provider of the Year

Friday, 9 November 2018, 7:01 pm | Network for Learning

Network for Learning (N4L) took home the supreme award at the NZ Broadband Compare TUANZ Awards, being named New Zealand’s "Broadband Provider of the Year" for its work with schools. More >>

Labelling swamp kauri slab a tabletop doesn't make it one

Friday, 9 November 2018, 4:47 pm | BusinessDesk

Labelling a slab of swamp kauri a tabletop doesn't make it one, Supreme Court rules More >>

‘World First’ Enables Kiwis to Meet Climate Change Challenge

Friday, 9 November 2018, 4:13 pm | SolarCity

‘World First’ Enables Kiwis to Meet Climate Change Challenge and Cut Power Bills In Half Solarcity, New Zealand’s leading solar power company has teamed up with Panasonic the world’s leading battery manufacturer, to launch a world first. A ... More >>

Māori Law Society supports all lawyers using te reo Māori

Friday, 9 November 2018, 4:11 pm | Te Hunga Roia Maori o Aotearoa Maori Law Society

“Te Hunga Rōia Māori o Aoteaora, the Māori Law Society, supports all lawyers using te reo Māori in the Courts and in practice,” says Glenn Tootill, Tumuaki Tāne (Co-President) of Te Hunga Rōia Māori o Aotearoa. More >>

Brian Robert Ellis struck off roll

Friday, 9 November 2018, 4:03 pm | New Zealand Law Society

Auckland lawyer Brian Robert Ellis has been struck off the roll of barristers and solicitors of the High Court by the New Zealand Lawyers and Conveyancers Disciplinary Tribunal. More >>

Skyline Luge International recognised for global success

Friday, 9 November 2018, 3:44 pm | Skyline Enterprises

A pioneering Kiwi tourism activity that has become a global success story was last night recognised at the 2018 New Zealand International Business Awards. More >>

Electricity networks told to get on with pricing reform

Friday, 9 November 2018, 3:17 pm | BusinessDesk

Nov. 9 (BusinessDesk) - Electricity lines companies have been told to accelerate changes to their pricing and not wait until the next regulatory period starting in 2020. More >>

Mutualised default fund will protect dairy derivative market

Friday, 9 November 2018, 3:16 pm | BusinessDesk

Nov. 9 (BusinessDesk) - NZX says a new mutualised default fund will better protect its dairy derivatives market and allow for further market growth. More >>

Third quarter pokie statistics released

Friday, 9 November 2018, 3:03 pm | Department Of Internal Affairs

The latest quarterly statistics on pokies in pubs and clubs released by the Department of Internal Affairs continue recent trends with increasing gaming machine profits but a decreasing number of gaming machines and venues. More >>

EQC advice for lodging claims following latest storm

Friday, 9 November 2018, 3:01 pm | Earthquake Commission

Homeowners whose properties have suffered damage from the storm hitting the country this week should contact the Earthquake Commission for advice on lodging a claim. Head of Response and Recovery, Robyn Nation, says people have three months to lodge ... More >>

Sections for sale in the town where land was once free

Friday, 9 November 2018, 2:55 pm | Bayleys

Lifestyle block-sized sections in a town where plots of residential land were once promoted on a ‘buy one get one free’ basis have now been placed on the market for sale with price tags upwards of $375,000. More >>

Small Business Council getting down to work

Friday, 9 November 2018, 2:47 pm | Ministry of Business Innovation and Employment

The creation of a small business strategy will take a step forward in coming weeks as the Small Business Council sharpens its focus on the areas that will make the biggest difference to the long term development of the sector. More >>

AllGoods App Takes Top Spots in App Store

Friday, 9 November 2018, 2:16 pm | AllGoods

10 days after the launch of their mobile app, NZ ecommerce marketplace AllGoods has released a statement detailing how it performed after the release. It has been the #1 trending Google Play shopping app in New Zealand for 3 days running and consistently ... More >>

Local standards not being met

Friday, 9 November 2018, 1:57 pm | WorkSafe NZ

New Zealand has clearly defined standards for how machinery should be guarded, and WorkSafe says they’re still not being met by too many companies. More >>

Nursery industry congratulate Young Hort 2018 runner-up

Friday, 9 November 2018, 1:22 pm | NZ Plant Producers Inc

Runner up Young Horticulturalist of the year, Devin Westley, is an extraordinary young man with a huge passion for his work as a nurseryman and innovator in the industry. More >>

SeaDragon flags 'extremely disappointing' increase in loss

Friday, 9 November 2018, 12:39 pm | BusinessDesk

Nov. 9 (BusinessDesk) - Perpetual under-performer SeaDragon is warning its full-year operating loss could be more than double the guidance it gave in June as it struggles to meet new European product certification requirements for refined tuna oil used ... More >>

Warehouse heartened by Q1 sales growth, improved margins

Friday, 9 November 2018, 12:37 pm | BusinessDesk

Nov. 9 (BusinessDesk) - Warehouse Group says it is encouraged by a 3.6 percent increase in first-quarter sales and improved margins at its core Warehouse chain and stationery outlets. More >>

EQC seeks clarity on ‘on-sold overcap’ issue

Friday, 9 November 2018, 12:32 pm | Earthquake Commission

The Earthquake Commission is working with a group of homeowners to seek legal clarity on EQC’s liability for on-sold overcap claims. More >>

NZ dollar slides as Fed bolsters bets on December hike

Friday, 9 November 2018, 11:52 am | BusinessDesk

Nov. 9 (BusinessDesk) - The kiwi declined as the US Federal Reserve underpinned bets it will raise interest rates next month at a time when the Reserve Bank flagged New Zealand rates are likely to remain steady. More >>