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Latest Business Headlines [Page 5]

Do You Need to Take More Interest in Your Debt?

Wednesday, 6 December 2017, 8:54 am | Canstar

According to the latest figures from RBNZ, consumer debt has grown by 7.7% since this time last year, revealing that our appetite for personal debt shows no signs of abating. But when it comes to repayments, consumer comparison site Canstar, warns ... More >>

2017 Worst Year on Record for Weather-Related Losses

Wednesday, 6 December 2017, 8:49 am | Insurance Council

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. “These figures are a clear sign of the impact ... More >>

A growing divide, but watch this tech space…

Wednesday, 6 December 2017, 8:40 am | Make Lemonade

The government is right to raise this concern that there is a growing digital divide, NZTech chief executive Graeme Muller says in response to a digital report released today. More >>

Christmas cashflow crunch

Wednesday, 6 December 2017, 8:36 am | Xero

AUCKLAND, 6 December 2017 — Nearly one in two small to medium enterprise (SME) owners have gone without any pay when cash got tight and 17 percent of SME owners have maxed out their credit cards to cope with cashflow problems. New research released ... More >>

HiFX Morning Update, December 6, 2017

Wednesday, 6 December 2017, 8:19 am | HiFX

The NZDUSD opens at 0.6881 (mid-rate) this morning. The NZD is tracking higher this morning, as is in fact the best performing G10 currency over the past 24 hours. The NZD rallied yesterday afternoon after interim Reserve Bank Governor Grant Spencer ... More >>

MARKET CLOSE: NZ shares down, Xero and A2 drop

Tuesday, 5 December 2017, 8:47 pm | BusinessDesk

Dec. 5 (BusinessDesk) - New Zealand shares fell, led lower by Xero and A2 Milk Co, while Scales Corp gained after a guidance update. More >>

Fairfax NZ returns to profit in 2017

Tuesday, 5 December 2017, 8:25 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Fairfax New Zealand, which trades under the Stuff moniker, was back in black in 2017 after the cost of laying off staff tumbled by 80 percent and as a $100 million-plus impairment charge on the value of its newspaper mastheads ... More >>

NZ dollar rises after RBNZ signals more flexible approach

Tuesday, 5 December 2017, 8:23 pm | BusinessDesk

Dec. 5 (BusinessDesk) - The New Zealand dollar rose against the US dollar after acting Reserve Bank Governor Grant Spencer said the central bank is adopting a more flexible approach to inflation targeting as it grapples with persistently low inflation. More >>

Newly opened Moxon Centre leads the way

Tuesday, 5 December 2017, 7:10 pm | Selwyn Foundation

Newly opened Moxon Centre leads the way in residential aged care A new $14 million aged care and retirement living residence has been opened by The Selwyn Foundation at Selwyn St Andrew’s retirement village in Cambridge. The three-storey Moxon Centre ... More >>

Great (unmet) expectations: Retirement Realities for NZers

Tuesday, 5 December 2017, 6:59 pm | Financial Services Council

Great (unmet) expectations: Retirement Realities for New Zealanders The vast majority of Kiwi retirees are reduced to living off NZ Super alone after just ten years of retirement, and with a significant weekly income shortfall according to new research ... More >>

OG Oil & Gas extends NZOG takeover bid again

Tuesday, 5 December 2017, 6:38 pm | BusinessDesk

Dec. 5 (BusinessDesk) - OG Oil & Gas has extended its partial takeover bid for NZX-listed New Zealand Oil & Gas for a second time, again saying the extra time is to secure regulatory approvals. More >>

Delegat lifts full-year earnings guidance on sales growth

Tuesday, 5 December 2017, 6:37 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Delegat Group, New Zealand's largest listed winemaker, lifted its 2018 earnings guidance, saying it's benefiting from sales growth and a weaker kiwi dollar. More >>

Careers to be showcased at Trucking Show 2018

Tuesday, 5 December 2017, 5:11 pm | NZ Trucking Association

In a bid to showcase trucking industry careers to a wider audience, a specific Careers Event is to be held on Friday 9th March 2018 at the TMC Trailers Trucking Industry Show 2018. More >>

REPs Award 2017 - Congratulations YMCA North Shore

Tuesday, 5 December 2017, 5:09 pm | New Zealand Register of Exercise Professionals

It’s fair to say we have an ageing population. Many older adults are remaining active, and some choose this time of their life, to get active for the first time. More >>

$80 cash credit from Northpower Trust

Tuesday, 5 December 2017, 5:07 pm | Northpower

A cash credit will soon be in the hands of Northpower's electricity consumers throughout Kaipara and Whangarei. More >>

Call for Government to establish Institute for Small Busines

Tuesday, 5 December 2017, 5:05 pm | Hunter Powell Investments

AUCKLAND, New Zealand, 5 December 2017 – High profile businessman and social entrepreneur, Tenby Powell, who chaired the government appointed Small Business Development Group for five years, is leading a call for the new Government to establish an Institute ... More >>

Low inflation - RBNZ considers tweaking monetary policy

Tuesday, 5 December 2017, 5:04 pm | BusinessDesk

Dec. 5 (BusinessDesk) - The Reserve Bank is considering tweaking its approach to monetary policy in the face of persistently low inflation since the global financial crisis, says acting governor Grant Spencer. More >>

ChargeNet NZ and Aurora Energy Announce New Partnership

Tuesday, 5 December 2017, 4:43 pm | ChargeNet

ChargeNet New Zealand and Aurora Energy are proud to announce a new partnership and plans to extend the charging network for electric vehicles in Dunedin, Central Otago and Queenstown Lakes. More >>

Good start, but more work required for work-based learners

Tuesday, 5 December 2017, 4:35 pm | Industry Training Federation of New Zealand

The Industry Training Federation (ITF) welcomes today's details on fees-free tertiary education eligibility, but is disappointed by restrictions that suggest few trainees and apprentices will still be eligible for support by the time they become a trainee ... More >>

NZ commodity prices fall in November on weaker dairy

Tuesday, 5 December 2017, 4:34 pm | BusinessDesk

Dec. 5 (BusinessDesk) - New Zealand commodity prices slipped further in November, with dairy prices leading the pack lower although the softening was across the board. More >>

Advice for international travellers this summer

Tuesday, 5 December 2017, 4:16 pm | Auckland International Airport

Auckland Airport advises passengers travelling internationally in December 2017 and January 2018 to allow an extra 30 minutes for their journey through the terminal building. More >>

NZ Steel seeks review of Chinese steel dumping complaint

Tuesday, 5 December 2017, 4:14 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Australian-owned New Zealand Steel has asked the High Court for a judicial review of the decision by the former Minister of Commerce and Consumer Affairs not to impose countervailing duties on imports of galvanised steel coil from ... More >>

Max Frank Stremaform Formwork Systems Speed Up Concrete Pour

Tuesday, 5 December 2017, 4:14 pm | Fletcher Reinforcing

The rate of construction in New Zealand is still increasing – with non-residential building consents totalling $6.5 billion, a 6.1% increase in the year ended October 2017 compared to last year. With summer already upon the country, taking advantage ... More >>

Scales Corp forecasts 2017 earnings at upper end of guidance

Tuesday, 5 December 2017, 3:05 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Scales Corp now expects full-year earnings to be at the upper end of guidance on the performance of its horticulture division and new acquisitions. Earnings will rise in 2018, it said. More >>

NZ tech start up Safe365 arrives in Canada

Tuesday, 5 December 2017, 2:46 pm | Safe365

New Zealand based health and safety technology start up Safe365 has today announced its entry into the Canadian market on the back of a strong initial 12 months in New Zealand since launch. Canadian businesses of all sizes and industries will be able ... More >>

Credi empowers the Bank of Mum and Dad

Tuesday, 5 December 2017, 2:37 pm | Credi

Perth, Western Australia: Credi is now available in New Zealand after a pilot launch over the last 2 months where over 100 users joined the platform. This follows the establishment of over $50 million dollars of loans between hundreds of friends and ... More >>

Consumers Take 3d Technology to Heart

Tuesday, 5 December 2017, 2:29 pm | Sony Mobile Communications

5 December, 2017, Auckland – New research from Sony Mobile Communications has revealed that consumers are ready to take 3D technology to heart… even literally. A survey of 1,300 consumers investigating consumer attitudes towards future technologies, ... More >>

Fibre broadband available to 10,000 more Christchurch homes

Tuesday, 5 December 2017, 2:22 pm | Enable Networks

Media Release 5 December 2017 Fibre broadband available to 10,000 more Christchurch homes – in time for connection by Christmas Enable has built its fibre broadband network to 10,000 more homes in greater Christchurch, well in advance of previously ... More >>

What’s challenging today’s finance leaders?

Tuesday, 5 December 2017, 2:19 pm | Hays

What’s challenging today’s finance leaders? • 90% of finance leaders say accounts payable is the finance job most likely to be taken over by automation; • Risk management is least likely; • 50% say cyber security is the most important digital technology ... More >>

NZ building work ramps up in 3Q

Tuesday, 5 December 2017, 2:17 pm | BusinessDesk

Dec. 5 (BusinessDesk) - The value of New Zealand building work gained in the September quarter, as both non-residential and residential activity increased, after a relatively flat start to the year, says Statistics New Zealand. More >>

Auckland house sales fall 20% in November

Tuesday, 5 December 2017, 2:16 pm | BusinessDesk

Dec. 5 (BusinessDesk) - The number of house sales in Auckland fell 20 percent on the year in November and prices remained subdued as inventory levels continue to push higher. More >>

HiFX Data Update - RBNZ Governor speech

Tuesday, 5 December 2017, 2:11 pm | HiFX

The Reserve Bank Interim Governor Grant Spencer has just delivered a speech titled “Low inflation and its implications for monetary policy.” More >>

Monetary policy grapples with drivers of weak inflation

Tuesday, 5 December 2017, 2:05 pm | Reserve Bank

Inflation in New Zealand and world-wide has been persistently low since the 2008 global financial crisis, partly because of factors such as globalisation, the growth of China, the rise of the digital economy, and low inflation expectations. More >>

Sunscreens are safe

Tuesday, 5 December 2017, 2:02 pm | Cosmetic Toiletry and Fragrance Association

Sunscreens sold in New Zealand are safe and have strong enforceable regulation, contrary to recent claims by Consumer magazine, says Cosmetics New Zealand Executive Director Garth Wyllie. More >>

Bethunes shareholders approve Transport Investments deal

Tuesday, 5 December 2017, 1:19 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Bethunes Investments shareholders have approved a reverse listing deal that will see the NZX-listed company used as a vehicle for freight and logistics firm Transport Investments to go public. More >>

NZ govt operating deficit wider than expected

Tuesday, 5 December 2017, 1:14 pm | BusinessDesk

Dec. 5 (BusinessDesk) - The New Zealand government's operating deficit was slightly wider than expected in the first four months of the financial year as the cost of reinstating State Highway 1 between Picton and Christchurch was more expensive than ... More >>

NZX says markets to return to normal trading

Tuesday, 5 December 2017, 1:13 pm | BusinessDesk

Dec. 5 (BusinessDesk) - NZX, the financial markets operator, said its markets will operate as normal today after its trading platform suffered an outage late yesterday. More >>

Farmer confidence drops over new government policies

Tuesday, 5 December 2017, 12:38 pm | BusinessDesk

Dec. 5 (BusinessDesk) - New Zealand farmer confidence dropped in the final quarter of the year, and has tumbled 41 percent in the past six months, mainly on concerns the coalition government will enact policies that constrain the rural sector. More >>

New Vehicle Sales Hit Fresh Annual Record

Tuesday, 5 December 2017, 12:27 pm | BusinessDesk

Dec. 5 (BusinessDesk) - New Zealand new vehicle sales will hit a record in 2017 for the fourth consecutive year, with November data showing sales so far this year are already higher than for the whole of 2016. More >>

Chorus Reshuffles Executive Team

Tuesday, 5 December 2017, 12:16 pm | BusinessDesk

Dec. 5 (BusinessDesk) - Chorus has reshuffled its executive team, handing strategic responsibility to general counsel Vanessa Oakley from next March to fill a gap left by recent hire Scott Newton. More >>

NZ$ Falls as Greenback Benefits on Tax Reform Progress

Tuesday, 5 December 2017, 11:52 am | BusinessDesk

Dec. 5 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback after the US Senate approved tax reforms that analysts say could boost the world's biggest economy by 0.3 percent next year. More >>

Farmers’ Satisfaction with Banks Remains Stable

Tuesday, 5 December 2017, 11:46 am | Federated Farmers

The level of investment required in modern dairy farming is underlined in the latest Federated Farmers Banking Survey, with the size of mortgages and the number of dairy farms with overdrafts increasing. More >>

Insurance Council Seeks Submissions on Review of Code

Tuesday, 5 December 2017, 11:04 am | Insurance Council of New Zealand

The Insurance Council of NZ is encouraging consumers of insurance and community and consumer groups to have their say on the review of the Fair Insurance Code. The Code sets high standards for general insurers who are members of ICNZ in all their ... More >>

New vessel biofouling rules on their way

Tuesday, 5 December 2017, 11:03 am | Ministry For Primary Industries

International vessel operators need to be aware of strict new rules for managing biofouling that will come into force next early year, says the Ministry for Primary Industries. More >>

Building Work Bounces Back

Tuesday, 5 December 2017, 10:51 am | Statistics New Zealand

Residential building activity volumes rose 4.1 percent in the September 2017 quarter, following a relatively flat period in the first half of the calendar year, Stats NZ said today. This figure excludes the effects of higher construction costs and ... More >>

Secured Signing and ADLS team up

Tuesday, 5 December 2017, 10:40 am | Secured Signing

Auckland, New Zealand, 5 December 2017- Secured Signing and ADLS (Auckland District Law Society) have teamed up to introduce a new Digital Signing Service within the ADLS WebForms platform. Over 1000 law firms in New Zealand subscribe to ADLS WebForms ... More >>

Record Result for UDC Finance - Passes $3B in Loans

Tuesday, 5 December 2017, 10:38 am | UDC Finance

UDC Finance has posted a record net profit after tax of $61.6 million for the year to 30 September 2017, a 5% increase on the previous financial year. More >>

While you were sleeping: Tax plan progress lifts Dow

Tuesday, 5 December 2017, 10:36 am | BusinessDesk

Dec. 5 (BusinessDesk) - Wall Street rose, with the Dow and the S&P 500 both touching fresh record highs, as optimism about the Republican tax reform plan bolstered bank shares at the expense of technology stocks. More >>

Canterbury DHB is now Energy-Mark Silver certified

Tuesday, 5 December 2017, 10:35 am | Canterbury District Health Board

Thanks to the hard work, expertise and commitment of Canterbury DHB’s energy management team, including our Energy Manager Tim Emson, last week the DHB earned a well-deserved Energy-Mark® Silver certification from Enviro-Mark Solutions, the leading provider ... More >>

Bethunes Shareholders Acquire Transport Investments

Tuesday, 5 December 2017, 10:26 am | Bethunes Investments

Bethunes Investments Limited (NZX:BIL) held its special meeting of shareholders in Auckland today, with shareholders approving the acquisition of the business of Transport Investments Limited (TIL) and related transactions. More >>

Auckland Market Stirs With Higher Property Sales

Tuesday, 5 December 2017, 10:08 am | Barfoot and Thompson

The Auckland property market stirred itself from a two-month hibernation in November with sales numbers for the month increasing by close to 20 percent and average and median sales prices remaining firm. More >>

Commitment to increase lead roles for women lawyers sought

Tuesday, 5 December 2017, 9:50 am | New Zealand Law Society

Lawyers and their clients are being urged to adopt a policy which requires them to commit to increasing the proportion of women lawyers leading court proceedings and other contentious matters. More >>

ASA Decision Release

Tuesday, 5 December 2017, 9:44 am | Advertising Standards Authority

The following decisions have been published on the ASA website More >>

NZ Police hosts Women’s Recruitment Day at Police College

Tuesday, 5 December 2017, 9:18 am | New Zealand Police

After going viral with millions of views following the launch of our new recruitment campaign last week, NZ Police is this week holding its very first Women’s Recruitment Day at the Royal New Zealand Police College. “NZ Police has an ambitious target ... More >>

Watercare Receives Gold Standard for Utility Performance

Tuesday, 5 December 2017, 9:14 am | Watercare

Watercare has been given a gold standard for utility performance and was inducted into the Leading Utilities of the World (LUOW) at the recent American water Summit held in Austin, Texas More >>

NZ Farmer Confidence Remains at Net Positive Levels Overall

Tuesday, 5 December 2017, 8:58 am | Rabobank

New Zealand farmer confidence remains at net positive levels overall, but has dropped sharply from the record highs recorded in the previous two quarters, the latest Rabobank Rural Confidence Survey has shown. More >>

Accenture ‘Hour of Code’ Activities

Tuesday, 5 December 2017, 8:54 am | Accenture

Accenture Pledges Thousands of Hours to Bring Coding to Students with ‘Hour of Code’ Activities More >>

Big Economic Boost From More Women Leaders

Tuesday, 5 December 2017, 8:27 am | Westpac

Getting more women into leadership roles could boost the economy by almost $900 million, according to new research commissioned by Westpac. More >>

HiFX Morning Update, December 5, 2017

Tuesday, 5 December 2017, 8:25 am | HiFX

The NZDUSD opens at 0.6844 (mid-rate) this morning. The NZD has struggled overnight, losing ground against all its rivals. This afternoon RBNZ acting Governor Grant Spencer is due to give a speech titled ‘low inflation and its implications for monetary ... More >>

Freda Love Fund launched to tackle rest home complaints

Tuesday, 5 December 2017, 8:19 am | Consumer NZ

Consumer NZ has opened a new fund to help consumers take complaints against rest homes to the Disputes Tribunal. More >>