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Latest Business Headlines [Page 5]

MARKET CLOSE: NZ shares drop

Monday, 9 July 2018, 8:39 pm | BusinessDesk

MARKET CLOSE: NZ shares drop, Sky TV and Tourism Holdings fall, Pushpay gains By Sophie Boot More >>

NZ dollar gains vs pound

Monday, 9 July 2018, 8:27 pm | BusinessDesk

NZ dollar gains vs pound as UK PM May's leadership back in the spotlight More >>

New name, business as usual for well-known pasture company

Monday, 9 July 2018, 4:54 pm | Barenbrug Agriseeds

The name behind some of New Zealand’s most widely used farm pastures, including Trojan, Shogun, Tyson and Rohan, has changed this month to better reflect its global connections. More >>

New MoneyTalks helpline for struggling families and whanau

Monday, 9 July 2018, 4:48 pm | Building Financial Capability Trust

A free financial helpline called MoneyTalks is now available to help people who are struggling with their money. More >>

Site Safe Announces New CE

Monday, 9 July 2018, 4:38 pm | Site Safe NZ

Site Safe New Zealand is pleased to announce the appointment of a new Chief Executive. More >>

Tractor sales up across all sectors

Monday, 9 July 2018, 4:37 pm | Tractor and Machinery Association

Sales of tractors are up more than 25% on this time last year and all sectors are showing buoyancy, says new NZ Tractor and Machinery Association (TAMA) president, John Tulloch. More >>

DIGMYIDEA Māori Innovation Challenge winners

Monday, 9 July 2018, 3:59 pm | ATEED

The stars were aligned for winners of the DIGMYIDEA Māori Innovation Challenge during Matariki – the cluster of stars which heralds the start of the Māori new year. More >>

Microsoft Dynamics 365 Business Central launches

Monday, 9 July 2018, 3:43 pm | Microsoft New Zealand

Auckland, New Zealand – 9 July 2018 – Microsoft is today launching Microsoft Dynamics 365 Business Central in Australia and New Zealand. An intelligent cloud-based solution designed specifically for SMBs to help them manage finances, operations, ... More >>

Mosgiel, Dunedin Achieves Motorhome Friendly Town Status

Monday, 9 July 2018, 3:15 pm | Enterprise Dunedin

Dunedin is welcoming self-contained motorhome visitors with open arms, as Mosgiel becomes the latest addition to the national Motorhome Friendly Town scheme facilitated by the New Zealand Motor Caravanning Association (NZMCA). More >>

NZ banknotes staying in circulation longer than expected

Monday, 9 July 2018, 3:12 pm | BusinessDesk

July 9 (BusinessDesk) - New Zealand's newest banknotes, known as the Series 7, are taking longer to fully replace the earlier Series 6 notes as the national currency is staying in circulation for more time than anticipated. More >>

Kiwi online spending grew 13% to $3.6 billion last year

Monday, 9 July 2018, 3:11 pm | BusinessDesk

July 9 (BusinessDesk) - New Zealanders spent $3.6 billion online in 2017, an increase of 13 percent over the previous year, as shoppers in the Gisborne region recorded the fastest growth, while those in Taranaki proved the biggest spenders per transaction, ... More >>

Investors Pocket Good Return From Sale of Spark HQ Building

Monday, 9 July 2018, 2:25 pm | Bayleys

Investors who purchased a $50,000 stake in one of the four buildings in Spark’s Auckland head office complex in an Augusta Funds Management syndication will receive just over $58,000 back following its sale to a Singaporean based investment fund ... More >>

More4Apps takes Best Medium Business Services Exporter Award

Monday, 9 July 2018, 1:52 pm | More4apps

More4Apps has taken out the BDO Best Medium Business (services exporter) award at the Air New Zealand Cargo Export NZ Awards held in Auckland Thursday (28 June). More >>

Gentrack raises $52.4 million in discounted share offer

Monday, 9 July 2018, 1:42 pm | BusinessDesk

Gentrack raises $52.4 million in discounted share offer to institutional investors By Margreet Dietz More >>

Chempro NZ acquires Australian company to consolidate

Monday, 9 July 2018, 1:29 pm | Chempro

Chempro NZ is extending its reach in the chemicals sector, today announcing it has bought DG Logistics (DGL) in Australia. More >>

Boat display yard and storage garages site for sale

Monday, 9 July 2018, 1:09 pm | Bayleys

Property investors set to launch their bids for boat display yard and storage garages site More >>

Panelised Facility

Monday, 9 July 2018, 1:06 pm | ZCAP

The Directors of ZCAP are proud to announce the upcoming planned construction of a purpose built 36,000m2 panelised facility to help provide a solution for the housing shortage that is currently being experienced in New Zealand. More >>

TIL Logistics issues profit warning amid rising fuel costs

Monday, 9 July 2018, 12:40 pm | BusinessDesk

July 9 (BusinessDesk) - TIL Logistics Group, the trucking and logistics company that went public with a reverse listing on the NZX last December, warned full-year earnings will fall short of expectations because of rising fuel costs as well as road closures ... More >>

Commission wants to retain power to regulate mobile roaming

Monday, 9 July 2018, 12:29 pm | BusinessDesk

July 9 (BusinessDesk) - The Commerce Commission intends to retain the power to regulate national mobile roaming, which helps operators expand coverage beyond their own physical networks. More >>

Start of US-China trade sanctions weigh on greenback

Monday, 9 July 2018, 11:41 am | BusinessDesk

July 9 (BusinessDesk) - The New Zealand dollar held on to its gains of late last week as trade sanctions kicked in between the world's two biggest economies, the US and China, sapping demand for the greenback. More >>

Bayer Wairarapa Young Viticulturist of the Year 2018

Monday, 9 July 2018, 11:34 am | New Zealand Winegrowers

Congratulations to Scott Lanceley from Te Kairanga who became the Bayer Wairarapa Young Viticulturist of the Year 2018 on Thursday 5th July. Lanceley has been Runner Up the last few years, or in his own words “always the bridesmaid” so was thrilled ... More >>

Entec doubles down with factory service training

Monday, 9 July 2018, 11:14 am | Entec

Auckland-based Entec, a provider of mechanical, electrical, instrumentation and gas detection solutions, has recently invested heavily to increase its depth of knowledge in the service of portable and fixed gas detectors. More >>

Spark charged over billing issues and offer to new customers

Monday, 9 July 2018, 11:09 am | Commerce Commission

The Commission has laid 11 charges against Spark New Zealand Trading Limited (Spark) alleging it made false or misleading representations relating to its billing and a $100 offer for new customers. More >>

Domino’s franchisees fined for employment breaches

Monday, 9 July 2018, 11:00 am | Ministry of Business Innovation and Employment

Two companies, which operated as Domino’s pizza franchises in Auckland, have been penalised $32,400 for serious breaches of employment law, following a Labour Inspectorate investigation. More >>

Day care centre land and buildings for sale

Monday, 9 July 2018, 10:39 am | Bayleys

The land and buildings housing a semi-rural child day care centre in the Bay of Plenty have been placed on the market for sale. More >>

New World launches “Bring Bags Win Prizes”

Monday, 9 July 2018, 9:47 am | New World

New World has already given away more than 2 million reusable shopping bags to help customers prepare for no single use plastic bags at the checkout on Dec 31, 2018 – and as part of Plastic Free July now they’re rewarding customers for changing ... More >>

Z Energy invests heavily in permanent forest sinks

Monday, 9 July 2018, 9:43 am | Z Energy

Z Energy has invested $1.5million in permanent local forestry projects to voluntarily offset the emissions from their operations. The investment represents the largest voluntary purchase of units from permanent forest sinks seen in New Zealand to date. More >>

Pacific Fuel Haul Renews Long Term Partnership with Z Energy

Monday, 9 July 2018, 9:18 am | Pacific Fuel Haul

Pacific Fuel Haul, a division of NZX-listed TIL Logistics Group Limited (NZX:TLL), has renewed its partnership with Z Energy, with the signing of a long term, exclusive, strategic supply contract, with increased volumes and wider distribution coverage. More >>

Spark acknowledges Commerce Commission proceedings

Monday, 9 July 2018, 9:15 am | Spark NZ

The New Zealand Commerce Commission has notified Spark that it intends to file court proceedings today against Spark under the Fair Trading Act 1986 in relation to three separate historical operational and billing issues. More >>

Proposal to retain power to regulate mobile roaming

Monday, 9 July 2018, 8:46 am | Commerce Commission

The Commerce Commission has released its preliminary view to retain the power to regulate national mobile roaming, should it be required in the future. More >>

HiFX Morning Update July 9, 2018

Monday, 9 July 2018, 8:28 am | HiFX

The NZDUSD opens at 0.6838 (mid-rate) this morning. There was little negative market reaction on Friday to the news that the US was going ahead with tariffs on $34bn of Chinese goods or that China had immediately retaliated by imposing a similar 25% ... More >>

Calls for Mandatory Safety Rules for Use of ATVs

Sunday, 8 July 2018, 2:15 pm | Motor Industry Association

Motor Industry Association Calls for Mandatory Safety Rules for Use of ATVs and Small Utility Vehicles in the Work Place. More >>

Logan Wallace named 50th FMG Young Farmer of the Year

Sunday, 8 July 2018, 2:09 pm | Young Farmers

South Otago sheep farmer Logan Wallace has been named the 50th FMG Young Farmer of the Year. More >>

iDEAStarter winners show creative flair

Saturday, 7 July 2018, 8:07 pm | ATEED

iDEAStarter winners show creative flair It’s one thing to come up with an idea and another to demonstrate the know-how to make it a business reality. Finalists of Auckland’s entrepreneurial competition, iDEAStarter, were put through their ... More >>

Philippines a big opportunity for NZ businesses

Saturday, 7 July 2018, 1:27 pm | Rachel Strevens

FOR IMMEDIATE RELEASE: 7 July 2018 New Zealand entrepreneur Rachel Strevens says the Philippines presents a huge export opportunity for Kiwi businesses, but few are tapping into the country’s potential. Strevens’ comments come off the back of ... More >>

ERANZ Welcomes Drop Overall in Number of Customer Complaints

Saturday, 7 July 2018, 1:04 pm | Electricity Retailers' Association of NZ


Supermarket giant agrees to super-wage deal

Saturday, 7 July 2018, 12:33 pm | First Union

A new agreement between Foodstuffs North Island (distribution centres) and FIRST Union sets a company-wide precedent for good employment relations within the sector. More >>

MARKET CLOSE: NZ stock index rises to record

Friday, 6 July 2018, 9:13 pm | BusinessDesk

MARKET CLOSE: NZ stock index rises to record; Fletcher Building, Sky TV rise while Scales, NZX drop More >>

NZ dollar heading for 0.6% weekly gain

Friday, 6 July 2018, 8:08 pm | BusinessDesk

NZ dollar heading for 0.6% weekly gain; US tariffs and jobs data in focus More >>

NZ defence strategy notes China's human rights record

Friday, 6 July 2018, 7:29 pm | BusinessDesk

NZ defence strategy notes China's human rights record but Minister Mark not worried about causing offence By Rebecca Howard More >>

RBNZ anticipates banks will need deeper capital stocks

Friday, 6 July 2018, 4:12 pm | BusinessDesk

July 6 (BusinessDesk) - The Reserve Bank expects big lenders who have been allowed to use their own models to measure their risk exposure will need to dig a little deeper if it goes ahead with plans to introduce a standardised reporting regime. More >>

Governor Orr draws on Tāne-mahuta to tell RBNZ's new story

Friday, 6 July 2018, 3:49 pm | BusinessDesk

July 6 (BusinessDesk) - There is a new broom at the head of New Zealand's central bank, and he's planning to shift the mindset of the institution towards better embracing the rich cultural diversity of the country. More >>

Guardian of Far North Māori trust sentenced for fraud

Friday, 6 July 2018, 3:33 pm | Serious Fraud Office

A former trustee of Parengarenga 3G (P3G) has been sentenced to 12 months’ home detention and $5000 reparation for defrauding the trust that manages a forested block of Māori land. More >>

Mercury appoints Future Director, Anna Lissaman

Friday, 6 July 2018, 3:22 pm | Mercury Energy

Mercury has appointed Anna Lissaman as its next Future Director, effective this month. Ms Lissaman is Director of People & Talent at TVNZ. More >>

Seeka shares drop as First NZ begins coverage

Friday, 6 July 2018, 2:45 pm | BusinessDesk

July 6 (BusinessDesk) - Broking firm First NZ Capital began coverage of Seeka, New Zealand's top grower of kiwifruit, with a ‘neutral’ recommendation, as a positive earnings outlook offsets key risks including the company’s high debt, horticultural ... More >>

Nominations for Fonterra Board of Directors’ Election Open

Friday, 6 July 2018, 1:34 pm | Fonterra Co-operative Group Ltd

Nominations for Fonterra Board of Directors’ Election Now Open Nominations for the Fonterra Board of Directors’ Election open today, 6 July with an election to be held for three farmer-elected Directors. More >>

NZers Would Like To Go Online To Finance Their Next Car

Friday, 6 July 2018, 1:28 pm | Fico

FICO Survey: New Zealanders Would Like To Go Online To Finance Their Next Car AUCKLAND — 6 July, 2018 Highlights: • 40 percent of consumers in New Zealand and 42 percent of consumers in Australia indicated they would like to apply for their next automotive ... More >>

Precinct Properties earns upgrade on ANZ Centre deal

Friday, 6 July 2018, 12:47 pm | BusinessDesk

July 6 (BusinessDesk) - Shares of Precinct Properties New Zealand earned an upgrade from Morningstar following the commercial property investor’s deal, announced last week, to sell 50 percent of the ANZ Centre in Auckland’s central business district ... More >>

NZ dollar rises as Fed minutes cite trade-war concerns

Friday, 6 July 2018, 11:47 am | BusinessDesk

July 6 (BusinessDesk) - The New Zealand dollar rose to its highest level in more than a week against the greenback after minutes from the latest Federal Reserve policy meeting showed policymakers are upbeat about the US economy but concerned about the ... More >>

Stress tests important for banking supervision

Friday, 6 July 2018, 11:37 am | Reserve Bank

What would happen to the banking system if a downturn in the Chinese economy caused a fall in New Zealand exports, rising unemployment, falling house prices, and three years of low payment to dairy farmers? That’s one of the scenarios that the Reserve ... More >>

Dwelling and household estimates: June 2018 quarter

Friday, 6 July 2018, 10:55 am | Statistics New Zealand

Dwelling and household estimates provide estimates of all private dwellings in New Zealand at a given date, and estimates of all households usually living in New Zealand at a given date. More >>

Sheep and beef farms provide much of NZ’s native vegetation

Friday, 6 July 2018, 10:40 am | Beef And Lamb NZ

A report from the University of Canterbury has revealed that 24 per cent of New Zealand’s native vegetation cover (approximately 2.8 million hectares) is estimated to be on sheep and beef farms. This is the largest amount of native vegetation present outside ... More >>

Reserve Bank states bank capital preferences

Friday, 6 July 2018, 10:19 am | The Reserve Bank of New Zealand

The Reserve Bank today published their in-principle decisions on capital requirements for registered banks. This is part of a thorough review of capital adequacy in the New Zealand banking system. More >>

Protecting people and animals from sharing disease

Friday, 6 July 2018, 9:53 am | Agcarm

On World Zoonoses Day, Agcarm reminds pet and livestock owners that good hygiene and vaccination is vital for protecting the health of people and animals. More >>

Hotel Awards highlight regional hotel excellence

Friday, 6 July 2018, 9:52 am | Tourism Industry Aotearoa

Operating far from the main centres has been no barrier for several winners in the 2018 New Zealand Hotel Industry Awards, announced on Thursday evening (5 July) at a gala dinner in Auckland. High-performing staff members from the previously un-nominated ... More >>

Subsidised broadband Spark Jump bridges Digital Divide

Friday, 6 July 2018, 9:42 am | Spark Foundation

Today Spark Foundation and 20/20 Trust have announced that subsidised broadband is now available to more families in Whanganui through the Davis Central City Library, enabling more students to keep up with the digital skills necessary for today. Until ... More >>

50th anniversary of FMG Young Farmer of the Year

Friday, 6 July 2018, 9:30 am | New Zealand Young Farmers

Hundreds of people have celebrated the 50th anniversary of New Zealand’s longest-running agricultural contest. More >>

MARKET CLOSE: NZ shares up

Thursday, 5 July 2018, 8:42 pm | BusinessDesk

July 5 (BusinessDesk) - New Zealand shares rose in light trading, led higher by Auckland International Airport and Westpac Banking Corp, with Heartland Bank and Fletcher Building softening. More >>

NZ dollar sticks to tight range, eyes on US for direction

Thursday, 5 July 2018, 8:20 pm | BusinessDesk

July 5 (BusinessDesk) - The New Zealand dollar stuck to a very tight range against the greenback in Asian trading as markets await key events in the US for direction. More >>

Property Institute move a ‘game changer’

Thursday, 5 July 2018, 8:08 pm | New Zealand Property Institute

Property Institute move a ‘game changer’ for residential property sector Property Institute of New Zealand Chief Executive Ashley Church has announced plans to transform the residential property management sector in New Zealand by bringing the Independent ... More >>