Most Read | Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Latest Business Headlines [Page 5]

Woods says low income people shouldn't subsidise solar power

Tuesday, 13 March 2018, 8:25 pm | BusinessDesk

March 13 (BusinessDesk) - Energy Minister Megan Woods has told a major electricity industry conference the government is watching to make sure low-income consumers don't end up facing higher electricity costs caused by wealthier people installing ... More >>

NZ dollar sticks to tight range ahead of US CPI data

Tuesday, 13 March 2018, 8:11 pm | BusinessDesk

March 13 (BusinessDesk) - The New Zealand dollar was little changed, holding in a tight range in jittery markets ahead of US inflation data due later in the global trading day. More >>

FMA rejected a 2015 complaint on CBL prospectus

Tuesday, 13 March 2018, 8:04 pm | BusinessDesk

March 13 (BusinessDesk) - The Financial Markets Authority was warned of potential issues at CBL Corp before the insurance services group went public in 2015 but dismissed the complaints from a businessman whose company was caught in a US probe over "fraudulent" ... More >>

Electricity retailers working to further EV uptake

Tuesday, 13 March 2018, 7:50 pm | Electricity Retailers' Association of NZ

Electric vehicles provide one of the best opportunities for New Zealand to deliver on its climate change goals, and electricity companies are right on board, says the Electricity Retailers’ Association of New Zealand (ERANZ). More >>

NZX-listed takeover activity hits decade-high in 2017

Tuesday, 13 March 2018, 7:48 pm | BusinessDesk

NZX-listed takeover activity hits decade-high in 2017, set to persist this year: Bell Gully More >>

Zespri shares halted for vote on constitutional changes

Tuesday, 13 March 2018, 7:47 pm | BusinessDesk

March 13 (BusinessDesk) - Shares of Zespri Group will be halted for two days pending a vote on constitutional changes aimed at strengthening grower ownership and control of New Zealand's statutory kiwifruit exporter. More >>

Lawyer, agent failed Chinese buyers ordered to pay $847k

Tuesday, 13 March 2018, 7:46 pm | BusinessDesk

March 13 (BusinessDesk) - Four Chinese investors who bought a cliff-top mansion in Auckland without getting Overseas Investment Office permission were failed by both their New Zealand legal adviser and real estate agent, according to a High Court ... More >>

E tū: cleaners at meat works muzzled

Tuesday, 13 March 2018, 7:17 pm | E tu Union

Cleaning contractor, ISS has gagged the cleaners at Auckland Meat Processors, to stop them speaking out against cuts to a third of the plant’s cleaning staff. More >>

Battle for tea-time electricity looms

Tuesday, 13 March 2018, 7:03 pm | BusinessDesk

March 13 (BusinessDesk) - Electric vehicles recharging at home will start competing with households cooking dinner and watching TV, creating strain on existing electricity networks and forcing change to the way power is currently priced, say two new reports ... More >>

Summerset climbs to record as First NZ upgrades stock

Tuesday, 13 March 2018, 6:51 pm | BusinessDesk

March 13 (BusinessDesk) - Summerset Group shares rose to a record after the stock was upgraded by First NZ Capital, which has been impressed by the retirement village operator's development capability. More >>

Tensions between traditional and extended company reporting

Tuesday, 13 March 2018, 6:51 pm | BusinessDesk

March 13 (BusinessDesk) - Some three-quarters of the chief financial officers of New Zealand public companies are either unaware of or not interested in emerging methods for extending reporting beyond traditional financial indicators, according ... More >>

Customer Notice: RMTU Strike Continues at Lyttelton Port

Tuesday, 13 March 2018, 5:45 pm | LPC

The Port remains closed to shipping because of the strike by Rail and Maritime Union of New Zealand (RMTU) members. RMTU strike notices remain in place through to 25 March inclusive. More >>

Human Resources Institute two new Independent Directors

Tuesday, 13 March 2018, 4:58 pm | Human Resources Institute of New Zealand

The Human Resources Institute of New Zealand (HRINZ), the leading professional body for human resource professionals, is proud to announce the appointment of two new independent Board Directors: Baubre Murray and Lance Walker. More >>

Spencer calls for permanent macro-prudential framework

Tuesday, 13 March 2018, 4:56 pm | BusinessDesk

March 13 (BusinessDesk) - Reserve Bank acting governor Grant Spencer says the government should consider a permanent structure for macro-prudential tools, which he attributes as helping the regulator meet its policy objectives. More >>

NZ capital markets – new direction needed

Tuesday, 13 March 2018, 4:38 pm | Simpson Grierson

Just a single IPO and Xero’s decision to leave for the ASX were the biggest disappointments in a difficult year for the NZ capital markets in 2017, says Simpson Grierson. More >>

Construction gets safer

Tuesday, 13 March 2018, 4:33 pm | Site Safe NZ

Construction gets safer Fewer tradies are being killed or seriously injured at work, new research has found. The government’s Towards 2020 report into New Zealand’s workplace death and injury rates shows the fatality rate in the construction industry ... More >>

Flying from the South Island into the future

Tuesday, 13 March 2018, 4:31 pm | Christchurch Airport

Flying from the South Island into the future – without a pilot South Island testing of autonomous air travel is being welcomed by Christchurch Airport. California-based company Kitty Hawk, operating as Zephyr Airworks in New Zealand, has revealed it’s ... More >>

Smartpay shares jump 35% on deal to offer Alipay

Tuesday, 13 March 2018, 4:15 pm | BusinessDesk

Smartpay shares jump 35% on deal to offer Alipay via eftpos terminals in NZ, Australia More >>

Airways welcomes Zephyr flying taxi to NZ airspace

Tuesday, 13 March 2018, 4:10 pm | Airways New Zealand

Airways today announced it is piloting future technologies needed to support the arrival of autonomous flying vehicles in New Zealand airspace. This follows confirmation by Zephyr Airworks that it will develop and test its air taxi, called Cora, in New ... More >>

The world’s first self-piloted air taxi In Canterbury

Tuesday, 13 March 2018, 3:56 pm | ChristchurchNZ

Zephyr Airworks has today unveiled the world’s first self-piloted electric air taxi, supported by Christchurch and the Canterbury region. More >>

Forest & Bird appeals primacy of Crown Minerals Act

Tuesday, 13 March 2018, 3:07 pm | BusinessDesk

Forest & Bird appeals primacy of Crown Minerals Act in Te Kuha coal mine application By Paul McBeth More >>

Fonterra NZMP Cheese And Butter Win International Honours

Tuesday, 13 March 2018, 2:57 pm | Fonterra

New Zealand cheese continues to turn heads on the international stage, with Fonterra named category runner-up for its NZMP three-to-six month Cheddar Cheese in the 2018 World Championship Cheese Contest. NZMP Unsalted Butter was also runner up in its ... More >>

Outdated copyright law makes NZ 'less attractive'

Tuesday, 13 March 2018, 2:55 pm | BusinessDesk

March 13 (BusinessDesk) - New Zealand's current copyright laws are outdated and are likely to hamper digital innovation and experimentation, Deloitte says in a report commissioned by global search engine Google. More >>

Emerging food and beverage growth opportunities in NZ

Tuesday, 13 March 2018, 2:24 pm | FoodHQ

New opportunities in the food and beverage industries are the focus of the Emerging Growth Opportunities in New Zealand Food & Beverage Report 2018, which will be launched at FoodHQ as part of the New Zealand Agrifood Week. More >>

NZ food prices fall 0.5% in February

Tuesday, 13 March 2018, 2:08 pm | BusinessDesk

March 13 (BusinessDesk) - New Zealand food prices fell 0.5 percent in February on cheaper beef, chicken and grocery food prices. More >>

Business Bakery to pay some of Citic's transaction costs

Tuesday, 13 March 2018, 2:07 pm | BusinessDesk

March 13 (BusinessDesk) - Trilogy International cornerstone shareholder Business Bakery will foot the bill for some of Citic Capital Partners' costs arising from the Chinese investor's $211 million bid for the NZX-listed skincare products and ... More >>

Business Confidence shows slow recovery

Tuesday, 13 March 2018, 1:43 pm | Auckland Chamber of Commerce

A Chamber survey of businesses in the Auckland Region reveals that business confidence is slowly improving following its dramatic fall last quarter. More >>

Meridian gets silver lining from February's ex-cyclones

Tuesday, 13 March 2018, 1:32 pm | BusinessDesk

Meridian gets silver lining from February's ex-cyclones with rain dump in hydro lakes More >>

Blackout Tracker Report reveals 27% surge in power outages

Tuesday, 13 March 2018, 1:09 pm | Eaton Corporation

Eaton’s annual Blackout Tracker Report reveals 27 percent surge in power outages affecting more than 1.7 million people in 2017 Power management specialist urges businesses and IT Managers to review power backup and disaster recovery plans this ... More >>

Three in four employers prioritise continuous learners

Tuesday, 13 March 2018, 12:37 pm | Hays Recruitment

Continuous upskilling is required to secure your next job now that the fourth industrial revolution is upon us, according to recruiting experts Hays. A Hays survey of over 2,000 people found 77% of employers are more likely to shortlist a candidate who ... More >>

Busiest year for takeovers in a decade

Tuesday, 13 March 2018, 11:42 am | Bell Gully

New Zealand listed companies attracted strong interest from buyers in 2017, producing the highest level of takeover activity seen in the past decade, according to a new update by law firm Bell Gully. More >>

NZ dollar falls ahead of US CPI, Spencer speech

Tuesday, 13 March 2018, 11:42 am | BusinessDesk

March 13 (BusinessDesk) - The New Zealand dollar fell ahead of US inflation data, which may provide clues to the pace of US rate hikes, while domestically traders will be watching for a speech by acting Reserve Bank governor Grant Spencer and February ... More >>

Meat and poultry lead 0.5 percent monthly fall

Tuesday, 13 March 2018, 10:53 am | Statistics New Zealand

Lower meat and poultry prices led the 0.5 percent fall in February 2018 food prices, Stats NZ said today. More >>

Momentum Life issued life insurance licence in New Zealand

Tuesday, 13 March 2018, 10:33 am | Momentum Life

Momentum Life, one of the fastest growing direct-to-customer life insurance brands in New Zealand, announces the grant of their life insurance licence. More >>

Wall St mixed as it eyes inflation data, trade moves

Tuesday, 13 March 2018, 9:50 am | BusinessDesk

March 13 (BusinessDesk) - Wall Street was mixed, with the Dow and the S&P 500 giving up earlier gains, as investors eyed the latest inflation data scheduled for release this week as well as further trade negotiations prompted by the new US tariffs ... More >>

Subaru and Federated Farmers join forces

Tuesday, 13 March 2018, 9:41 am | Federated Farmers

Subaru of New Zealand is joining forces with Federated Farmers to launch a new partnership to support farmers who ‘do’. More >>

Eagle Protect discontinues vinyl glove sales due to risks

Tuesday, 13 March 2018, 9:15 am | Eagle Protect

Due to growing scientific evidence of the toxic effects of vinyl (PVC) gloves to the environment, to food safety and to glove user health, Eagle Protect, leading supplier of disposable gloves to 80% of NZ’s primary food processing industry, ... More >>

Polycom’s Fastest-Selling Conference Phone Builds Momentum

Tuesday, 13 March 2018, 8:55 am | Polycom

Auckland, March 13, 2018 – The first “smart phone” for the conference room, Polycom Trio is now the fastest selling conference phone in the company’s history - used in more than 57 percent of Fortune 100 companies. Within these organisations, ... More >>

HiFX Morning Update, March 13 2018

Tuesday, 13 March 2018, 8:21 am | HiFX

The NZDUSD opens at 0.7297 (mid-rate) this morning. A lack of economic data to drive direction has seen currency markets trade within tight ranges over the past 24 hours. The NZDUSD is holding close to the middle of its two month 0.7200 - 0.7400 range. ... More >>

KET CLOSE: NZ shares gain, A2 Milk rises on index hopes

Monday, 12 March 2018, 8:31 pm | BusinessDesk

MARKET CLOSE: NZ shares gain, A2 Milk rises on index hopes, Pushpay up while Heartland drops More >>

NZ seeks exemptions from US steel and aluminium tariffs

Monday, 12 March 2018, 8:20 pm | BusinessDesk

March 12 (BusinessDesk) - New Zealand is actively seeking exemption from the punitive tariffs imposed on imports of steel and aluminium to the United States, arguing the country has a relationship with the US "not unlike Australia's", is running ... More >>

NZ dollar climbs to 2-week high after tepid US wages growth

Monday, 12 March 2018, 8:19 pm | BusinessDesk

March 12 (BusinessDesk) - The New Zealand dollar rose to a two-week high against the greenback, joining a rally across Asian equity markets, after a slowdown in the pace of US wage growth led investors to pare back US rate hike expectations. More >>

Trade war could create 'considerable fallout' to NZ economy

Monday, 12 March 2018, 7:54 pm | BusinessDesk

March 12 (BusinessDesk) - New Zealand's small and trade-reliant economy faces "considerable fallout" if the imposition of US tariffs on steel and aluminium triggers a trade war, say ASB Bank economists. More >>

International hotel developers keen on New Zealand

Monday, 12 March 2018, 6:23 pm | BusinessDesk

March 12 (BusinessDesk) - International hotel developers are stepping up their interest in New Zealand as guest nights and tourism inflows continue to hit new records, according to Bayleys Real Estate. More >>

Pioneer Capital sells Pukeko Pictures stake

Monday, 12 March 2018, 6:22 pm | BusinessDesk

March 12 (BusinessDesk) - Investment firm Pioneer Capital has settled the sale of its 33 percent stake in Wellington TV and film animation production house Pukeko Pictures to China's Hengxin Shambala Culture for $15 million. More >>

Caniwi Capital buys exposure to housing boom

Monday, 12 March 2018, 6:21 pm | BusinessDesk

March 12 (BusinessDesk) - Wellington-based private equity fund Caniwi Capital has purchased Auckland-based Lancer Aluminium, buying exposure to the booming Auckland residential construction market through the firm, which makes aluminium window and ... More >>

Spark trims senior leadership team, will flatten structure

Monday, 12 March 2018, 6:20 pm | BusinessDesk

March 12 (BusinessDesk) - Spark New Zealand will trim its senior leadership team as it shifts to a flatter, less hierarchical structure from the September quarter. More >>

Lyttelton port workers on strike from midnight

Monday, 12 March 2018, 6:14 pm | Rail And Maritime Transport Union

Members of the Rail and Maritime Transport Union (RMTU) who work at Lyttelton Port Company will begin industrial action tonight, and may not return to work until 25 March. More >>

Industry stalwarts join INZBC Board

Monday, 12 March 2018, 4:42 pm | India NZ Business Council

Three new members have joined the governance board of the India New Zealand Business Council, two of whom are senior business women. INZBC, established over thirty years ago is the undoubtedly the longest serving and effective Business council in the ... More >>

New chair to lead New Zealand Winegrowers Research Centre

Monday, 12 March 2018, 4:05 pm | New Zealand Winegrowers

Mark Gilbert has been appointed as independent chair to the New Zealand Winegrowers Research Centre (NZWRC) Ltd. More >>

Syndex Announces Three Million Dollars Traded

Monday, 12 March 2018, 4:05 pm | Syndex

Online trading platform Syndex has broken the three-million-dollar threshold of trades on its secondary market. More >>

Wool in one of its 'best moments' on millennial demand

Monday, 12 March 2018, 3:12 pm | BusinessDesk

March 12 (BusinessDesk) - The head of 150-year old Italian textile mill Successori Reda, who has spent the past week in the merino growing regions of the South Island with his top executives, says wool is having one of its best ever moments, driven ... More >>

Briscoe fends off margin squeeze

Monday, 12 March 2018, 3:09 pm | BusinessDesk

March 12 (BusinessDesk) - Briscoe Group coped with a margin squeeze in the latest financial year to deliver a new record profit as sales growth continued to underpin earnings. More >>

Five businesses warned for anti-money laundering failures

Monday, 12 March 2018, 3:08 pm | Financial Markets Authority

Five businesses warned for Anti-Money Laundering/Countering Financing of Terrorism failures The Financial Markets Authority (FMA) has issued formal warnings to five reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing ... More >>

NZ guest nights hits record in January

Monday, 12 March 2018, 2:40 pm | BusinessDesk

March 12 (BusinessDesk) - New Zealand guest nights hit a record in January, rising 1.4 percent on the year with hotels and holiday parks in high demand. More >>

Brendan O'Donovan to take Cooperative Bank chair in June

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

March 12 (BusinessDesk) - Cooperative Bank director Brendan O'Donovan will take over the lender's chair in late June, replacing Steven Fyfe who plans to retire at the bank's annual meeting. More >>

Auckland's ‘Old Synagogue’ building for sale

Monday, 12 March 2018, 2:00 pm | Bayleys

A landmark historic building that was once the centre of Jewish religious life in Auckland for almost a century has been placed on the market for sale. More >>

Glen Eden Large corner site with development potential

Monday, 12 March 2018, 1:55 pm | Bayleys

The land and buildings currently leased to the Salvation Army store and Cash Converters in West Auckland have been put on the market for sale. More >>

Arvida on track to build 94 new units in second half

Monday, 12 March 2018, 1:28 pm | BusinessDesk

Arvida on track to build 94 new units in second half, says Fletcher relationship 'strong' More >>

Investore will pay at least 4.4% in $100 mln bond offer

Monday, 12 March 2018, 1:22 pm | BusinessDesk

March 12 (BusinessDesk) - Investore Property will pay annual interest of at least 4.4 percent on its $100 million bond offer after setting its indicative margin ahead of next week's bookbuild, where the final price will be set. More >>