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Latest Business Headlines [Page 5]

New Zealand horticulture reaches new height at $8.8 billion

Wednesday, 16 May 2018, 12:44 pm | Plant and Food Research

New Zealand horticulture had another record breaking year in 2017. The industry was valued at $8.8 billion, up $100 million from 2016, and the total value of exports was close to $5.12 billion, up $14 million from the year before. More >>

TeamTalk sells remaining Farmside stake to Vodafone for $3 m

Wednesday, 16 May 2018, 12:37 pm | BusinessDesk

May 16 (BusinessDesk) - TeamTalk, the Wellington-based telecommunications minnow, has sold its remaining 30 percent stake in rural broadband division Farmside to Vodafone New Zealand for $3 million, after the country's biggest mobile operator exercised ... More >>

Wellington tops Asia-Pacific for commercial investment

Wednesday, 16 May 2018, 12:35 pm | BusinessDesk

May 15 (BusinessDesk) - Wellington city’s strong demand for commercial real estate and lack of available space put it at the top of the latest Royal Institute of Chartered Surveyors’ Asia Pacific market update. More >>

Jobs advertisements rise slightly in April 2018

Wednesday, 16 May 2018, 12:27 pm | Ministry of Business Innovation and Employment

The number of online job advertisements rose by 1.1 per cent in the month of April 2018 and 7.9 per cent over the year, according to the latest Ministry of Business, Innovation and Employment (MBIE) Jobs Online monthly data release. More >>

RNZ Content Partnership with Pacific Media Centre

Wednesday, 16 May 2018, 12:26 pm | Radio New Zealand

RNZ has announced a formal content sharing partnership with the Auckland based Pacific Media Centre - Te Amokura. The arrangement will allow content from, The Wireless, and respective RNZ YouTube channels to be published by the Pacific Media ... More >>

Salary increases thin on the ground this year

Wednesday, 16 May 2018, 12:23 pm | Hays

Almost two-thirds (64 per cent) of employers will give skilled professionals a pay rise of less than 3 per cent in their next review while 8 per cent will not increase salaries at all, according to the 2018-19 Hays Salary Guide. More >>

A2 Milk forecasts FY revenue of $900M-$920M

Wednesday, 16 May 2018, 12:21 pm | BusinessDesk

May 16 (BusinessDesk) - A2 Milk Co forecast a surge in full-year sales and said its gross margin in the second half has stayed in line with its first half, as expected. More >>

NZ fintech businesses helping the wider Kiwi public

Wednesday, 16 May 2018, 12:14 pm | Make Lemonade

NZ fintech businesses helping the wider Kiwi public May 16, 2018 New Zealand fintech businesses are working toward an inclusive society despite some experts saying the gap between the have and have nots is getting wider, FintechNZ general manager James ... More >>

Beef + Lamb NZ unveil new Environmental Strategy

Wednesday, 16 May 2018, 12:14 pm | Beef And Lamb NZ

A new blueprint to lift the environmental performance of New Zealand’s sheep and beef sector was unveiled today by Beef + Lamb New Zealand (B+LNZ). More >>

NZX sells Farmers Weekly to former owners

Wednesday, 16 May 2018, 12:10 pm | BusinessDesk

May 16 (BusinessDesk) - NZX has sold its rural newspaper Farmers Weekly to its former owners Dean and Cushla Williamson for an undisclosed sum, with the new entity taking on all 15 staff. More >>

NZ dollar extends slide after strong US data

Wednesday, 16 May 2018, 12:09 pm | BusinessDesk

The New Zealand dollar fell to a new five-month low as upbeat US economic figures including retail sales and US Treasury bond yields at seven-year highs overshadowed the positive effects of rising dairy prices. More >>

Fourth iDEAStarter launches to turn ideas into businesses

Wednesday, 16 May 2018, 11:49 am | ATEED

Dare to dream. Young Aucklanders are again being challenged to develop a smart business concept by entering the iDEAStarter competition. More >>

New Qualmark Rating for Bluebridge Cook Strait Ferries

Wednesday, 16 May 2018, 11:12 am | Bluebridge NZ

Bluebridge Cook Strait Ferries has been recognised for its outstanding business practices, earning the country’s highest accolade for tourism operators, a Gold Sustainable Tourism Business Award rating from Qualmark. More >>

Wall St drop after US retail sales data

Wednesday, 16 May 2018, 11:00 am | BusinessDesk

May 16 (BusinessDesk) - US Treasuries dropped, as did Wall Street, as the latest retail sales data underpinned bets the Federal Reserve will hike its target interest rate at its June meeting and might have to step up the pace of interest rate increases. More >>

New Zealand abridged period life table: 2015–17 (final)

Wednesday, 16 May 2018, 10:58 am | Statistics New Zealand

Life tables are a basic demographic tool for analysing mortality and survival. They show death and survivorship rates at each age of life. See New Zealand abridged period life table: 2015–17 (final) on our website or download the attached Excel table ... More >>

Dairy product prices gain for the second time in 7 auctions

Wednesday, 16 May 2018, 10:13 am | BusinessDesk

May 16 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, gaining for the second time in the most recent seven events amid better-than-expected gains for anhydrous milkfat and skim milk powder. More >>

Anti-money laundering reporting obligations

Wednesday, 16 May 2018, 10:10 am | Asia Pacific AML

As the 1st  July draws closer, New Zealand lawyers are continuing to prepare for their transition as ‘reporting entities’ under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Commonly referred to as “Phase 2 implementation”, ... More >>

TeamTalk sells remaining 30% stake in Farmside for $3m

Wednesday, 16 May 2018, 10:03 am | Team Talk

TeamTalk Limited (NZX: TTK), the publicly listed telecommunications services provider today announced that it has reached an agreement with Vodafone NZ to sell its remaining 30% stake in BayCity Communications Limited, trading as Farmside, for $3.0 million. More >>

Norton Launches High-Performance, Wi-Fi Router

Wednesday, 16 May 2018, 9:26 am | Norton

Auckland, New Zealand – 16 May 2018 – Building on a heritage of industry-leading consumer cyber security solutions, Symantec (NASDAQ: SYMC) today announced plans for the lauded [1] Norton Core Wi-Fi router to be available for New Zealand consumers ... More >>

Call for retailers to pull ionisation smoke alarms

Wednesday, 16 May 2018, 9:11 am | Consumer

A Consumer NZ test of smoke alarms found ionisation-type smoke alarms performed so poorly retailers should pull them from the shelves. More >>

Wanaka and Queenstown Chambers sign agreement

Wednesday, 16 May 2018, 8:42 am | Joint Press Release

Queenstown and Wanaka Chambers of Commerce have signed an agreement to formalise a closer working relationship. More >>

HiFX Morning Update, May 16 2018

Wednesday, 16 May 2018, 8:21 am | HiFX

The NZDUSD opens at 0.6857 (mid-rate) this morning. The USD outperformed overnight as Bond prices fell and Treasury yields spiked higher, following solid economic data releases out of the US. The US Commerce Department retail sales report showed both ... More >>

ASB Quarterly Economic Forecasts May 2018

Wednesday, 16 May 2018, 8:19 am | ASB Bank

ASB economists are urging the New Zealand business community to put on more rose-coloured glasses and stop deferring decisions or risk stunting economic growth. More >>

Fletcher raises $132M in retail entitlement offer

Tuesday, 15 May 2018, 8:48 pm | BusinessDesk

May 15 (BusinessDesk) - Fletcher Building said it completed the retail component of its one-for-4.46 pro-rata entitlement offer, raising about $132 million and leaving a shortfall of about $97 million to be made up from the retail shortfall bookbuild. More >>

MARKET CLOSE: Shares dip, Air NZ and Mercury fall

Tuesday, 15 May 2018, 8:35 pm | BusinessDesk

MARKET CLOSE: NZ shares dip from record, Air NZ and Mercury fall while Synlait, Fletcher rise More >>

NZX to raise up to $40M in subordinated notes to repay debt

Tuesday, 15 May 2018, 8:34 pm | BusinessDesk

NZX to raise up to $40M in subordinated notes to repay debt, provide corporate funding More >>

NZ dollar holds near 3-month low

Tuesday, 15 May 2018, 8:33 pm | BusinessDesk

NZ dollar holds near 3-month low vs Aussie as RBA looks towards higher rates More >>

CA ANZ survey finds most oppose fuel tax

Tuesday, 15 May 2018, 6:42 pm | BusinessDesk

May 15 (BusinessDesk) - Most people don't want to pay a new fuel tax but do want the government to make roads safer and increase access, a survey funded by Chartered Accountants Australia and New Zealand (CA ANZ) has shown. More >>

No MPI plans for extra cattle movement restrictions

Tuesday, 15 May 2018, 6:14 pm | BusinessDesk

May 15 (BusinessDesk) - Changing farms on so-called Gypsy Day, when large numbers of farmers shift stock, requires extra precaution because of Mycoplasma bovis but the Ministry for Primary Industries won't prevent animal movements beyond the 300 ... More >>

BioGro fully supports a National Regulation

Tuesday, 15 May 2018, 4:55 pm | BioGro

Press release - BioGro fully supports a National Regulation Agriculture and Food Safety Minister, Damien O'Connor has put forward a proposal for a National Organic Standard to be consulted on from Monday 14th May 2018. BioGro have been working hard, ... More >>

NZX gets second bid for Farmers Weekly publication

Tuesday, 15 May 2018, 4:33 pm | BusinessDesk

May 15 (BusinessDesk) - NZX has received a second bid for agricultural publication Farmers Weekly three months after signing a non-binding sale agreement, and says a divestment of the paper is "imminent". More >>

WorkSafe accepts enforceable undertaking from Fletcher

Tuesday, 15 May 2018, 4:04 pm | WorkSafe NZ

WorkSafe accepts enforceable undertaking from Fletcher Construction WorkSafe New Zealand has accepted an enforceable undertaking from Fletcher Construction Company Limited, following an incident in May 2016 where a worker was injured by a temporary ... More >>

FMA releases fourth AFA information report

Tuesday, 15 May 2018, 4:00 pm | Financial Markets Authority

The Financial Markets Authority today published its fourth statistical report on Authorised Financial Advisers (AFAs) in New Zealand. The FMA requires AFAs to submit an annual information return each year. More >>

Innovation Crucial for Farmers

Tuesday, 15 May 2018, 3:58 pm | Regen Ltd

Wellington, Tuesday 15 May – NZ Tech company, Regen, says the future of New Zealand’s food production hinges on farmers reducing their environmental footprint, and harnessing technology to innovate their farming practice. Significant changes for the agricultural ... More >>

Wellington Firm’s First Category Award a Great Win

Tuesday, 15 May 2018, 3:10 pm | Pride In Print

At Friday night’s Pride In Print Awards at Auckland’s Sky City Convention Centre, Wellington-based printing firm Label & Litho won Best in Category for labels and best Digital Process. More >>

1 in 3 jobseekers’ salary expectations higher than market

Tuesday, 15 May 2018, 2:59 pm | Robert Half

Great expectations: One in three Kiwi jobseekers’ salary expectations higher than market rates • 30% of New Zealand hiring managers say jobseekers’ expectations for remuneration are higher than local market rates. • 84% are willing to raise ... More >>

Hon Willie Jackson Gives Aspiring Tradies a Boost

Tuesday, 15 May 2018, 2:56 pm | Aspire2 Trades

Minister of Employment Hon Willie Jackson visited South Auckland trades training school Aspire2 Trades yesterday, inspiring students to take charge of their futures. More >>

NZ cow slaughter rates rise as M. bovis culling spreads

Tuesday, 15 May 2018, 2:53 pm | BusinessDesk

May 15 (BusinessDesk) - New Zealand cow slaughter rates are tracking ahead of last year as the compulsory culling of cattle on properties infected with Mycoplasma bovis swells volumes, weighing on prices. More >>

Infratil wouldn't approve Mercury move above 19.99% of Tilt

Tuesday, 15 May 2018, 2:47 pm | BusinessDesk

May 15 (BusinessDesk) - Infratil, the investment company that owns 50.8 percent of Tilt Renewables, says it wouldn't approve new shareholder Mercury NZ increasing its current 19.99 percent holding, having made its own offer for the stock. More >>

TINZ Awarded Outstanding International Travel Insurer

Tuesday, 15 May 2018, 2:41 pm | TINZ

TINZ has been recognised as an insurance provider that offers Outstanding Value Travel Insurance for International Travel in CANSTAR’s 2018 star ratings for Travel Insurance. More >>

EQC revises reporting of remaining claim numbers

Tuesday, 15 May 2018, 2:23 pm | Earthquake Commission

The Earthquake Commission has revised its reporting of the number of open claims it is working to settle after upgrading its claim management system. Chief Executive Sid Miller says that EQC has identified an additional 949 claims that had not previously ... More >>

SeaDragon's biggest shareholders to provide $1M loan

Tuesday, 15 May 2018, 2:18 pm | BusinessDesk

May 15 (BusinessDesk) - The biggest shareholders of SeaDragon have agreed to provide a short-term bridging loan of $1 million to allow the unprofitable fish oil refiner to continue to operate while it tries to negotiate longer-term funding. More >>

UPDATE: Fletcher gains as stock stays in MSCI main index

Tuesday, 15 May 2018, 1:33 pm | BusinessDesk

UPDATE: Fletcher gains as stock stays in MSCI main index; A2 up while Mercury drops on exit More >>

Tesla is New Zealand’s most authentic brand

Tuesday, 15 May 2018, 1:27 pm | Principals

Auckland, 15 May 2018: Research conducted by branding agency Principals, in conjunction with research and analytics firm The Navigators, has found Tesla to be the most authentic brand in the New Zealand market. More >>

Industrial action to hit Blue Star print firms

Tuesday, 15 May 2018, 1:13 pm | E tu Union

Workers at Blue Star Group’s four print shops are taking industrial action, with an overtime ban in place from just after midnight tonight. More >>

A2 to join MSCI main stock index, replacing Mercury

Tuesday, 15 May 2018, 12:59 pm | BusinessDesk

May 15 (BusinessDesk) - A review of global stock indices by MSCI will, as expected, add A2 Milk Co to the international investment advisor's main global index, with Mercury New Zealand to be removed. More >>

An Australasian food-first for NZ blockchain producer

Tuesday, 15 May 2018, 12:57 pm | Make Lemonade

May 15, 2018 Four-year-old Auckland business Olivia is reportedly the first small to medium enterprise in Australasia to adopt blockchain in food traceability. Olivia director Jerry Ho, who is also chair of the New Zealand Green Industry Association, ... More >>

Standards Committee issues decision: Catriona MacLennan

Tuesday, 15 May 2018, 12:47 pm | New Zealand Law Society

Standards Committee issues decision about lawyer who said a Judge was not fit to sit on the bench. More >>

Bad headlines on Fletcher Building hide 'healthy prospects'

Tuesday, 15 May 2018, 12:45 pm | BusinessDesk

May 15 (BusinessDesk) - Bad headlines about Fletcher Building from some segments of the media have overshadowed a business with "healthy prospects" and a new management team that is "a catalyst for change", says listed investment fund Kingfish. More >>

NZ dollar falls back toward 69 US cents

Tuesday, 15 May 2018, 11:46 am | BusinessDesk

May 15 (BusinessDesk) - The New Zealand dollar extended its slide, nearing 69 US cents and sinking to a three-month low against the Aussie after last week's dovish Reserve Bank statement gave investors less reason to hold the local currency. More >>

Finance company has a heart

Tuesday, 15 May 2018, 11:44 am | Nobilo Finance

On the 14th May 2018 Nobilo Finance made its first charitable donation of many, to Plunket NZ. As part of the new website release and founding principles of the company, Sam Nobilo is working towards giving back to local communities. $25 of every ... More >>

Testing times – big tick for VTNZ

Tuesday, 15 May 2018, 11:28 am | VTNZ

More testing officers, reduced waiting times and better customer feedback are just some of the achievements made in the three years since VTNZ took over the country’s Practical Driving Testing. More >>

Business leaders pessimistic about the Budget

Tuesday, 15 May 2018, 11:17 am | Staples Rodway

A balanced Budget, mandatory Kiwisaver contributions, and an overhaul of the tax system are the key items on Kiwi businesses’ wish list heading into this year’s Budget. More >>

Second company and director charged over FSPR abuse

Tuesday, 15 May 2018, 11:04 am | Financial Markets Authority

The Financial Markets Authority (FMA) has filed criminal charges against a second company and its New Zealand based director for breaching the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act) 2008. More >>

Quarterly rental update: Pace of Auckland rent rises easing

Tuesday, 15 May 2018, 10:27 am | Barfoot and Thompson

The pace of Auckland rent rises has slowed according to the latest data insights from Barfoot & Thompson which lets and manages nearly 16,000 properties across the region. More >>

While you were sleeping: Euro gains amid hawkish comments

Tuesday, 15 May 2018, 10:08 am | BusinessDesk

May 15 (BusinessDesk) - Wall Street climbed amid optimism about trade talks between the US and China, while the euro rose amid signals the European Central Bank might lift interest rates sooner than anticipated. More >>

KiwiSaver members urged to claim $521 ‘free money’

Tuesday, 15 May 2018, 9:59 am | ANZ New Zealand

ANZ Investments has launched a campaign to remind KiwiSaver members that $521 of ‘free money’ is available from the Government if they contribute enough to their KiwiSaver accounts. More >>

CORRECT: Mycoplasma bovis spread to Waikato 'shameful'

Tuesday, 15 May 2018, 8:32 am | BusinessDesk

May 14 (BusinessDesk) - A Waikato farm has today tested positive for cattle disease Mycoplasma bovis, prompting Prime Minister Jacinda Ardern using her press conference today to say the spread of the disease in the North Island had left the new government ... More >>

HiFX Morning Update, May 15 2018

Tuesday, 15 May 2018, 8:16 am | HiFX

The NZDUSD opens at 0.6915 (mid-rate) this morning. In the absence of any notable economic data releases currency markets have had a slow start to the week with the NZD the notable underperformer. The NZD has been on the back foot since Thursday’s ... More >>

Mycoplasma bovis spread to Waikato 'shameful': PM

Monday, 14 May 2018, 8:47 pm | BusinessDesk

May 14 (BusinessDesk) - A Waikato farm has today tested positive for cattle disease Mycoplasma bovis, prompting Prime Minister Jacinda Ardern using her press conference today to say the spread of the disease in the North Island had left the new government ... More >>