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Latest Business Headlines [Page 5]

Research underway on the impact of IoT

Sunday, 19 March 2017, 12:26 pm | Make Lemonade

Research underway on the impact of IoT March 19, 2017 The Internet of Things (IoT) will soon become critical to helping New Zealand raise its productivity and prosperity, NZTech chief executive Graeme Muller says. Much of the current hype around IoT has ... More >>

Fiat’s Baby is 60 Years Old

Saturday, 18 March 2017, 8:54 pm | Fiat

Fiat’s Baby is 60 Years Old! • The Fiat 500 – The Bambino, or Bambina to Kiwis – is 60 years old • With nearly six million vehicles sold since 1957, the Fiat 500 kicks off the celebrations of 60 years of great success • These include a multimedia ... More >>

Rob Scoines Appointed General Manager Sanitarium NZ

Friday, 17 March 2017, 11:02 pm | Sanitarium

Sanitarium Health & Wellbeing New Zealand is pleased to announce Rob Scoines’ appointment as general manager New Zealand. More >>

MARKET CLOSE: NZ shares rise; Fletcher in trading halt

Friday, 17 March 2017, 10:55 pm | BusinessDesk

MARKET CLOSE: NZ shares rise; Fletcher in trading halt, NZ Refining drops on BP selldown More >>

NZ dollar adds 0.9% over week after dovish hike from Fed

Friday, 17 March 2017, 10:54 pm | BusinessDesk

March 17 (BusinessDesk) - The New Zealand dollar ended 0.9 percent higher on the week after markets were disappointed when the US Federal Reserve didn't announce plans to accelerate the pace of rate increases later in the year. More >>

Tauber & Webb's Honk loses bid to allow management fees

Friday, 17 March 2017, 10:53 pm | BusinessDesk

March 17 (BusinessDesk) - Honk Land Trustees, part of Auckland property developers Andrew Tauber and Paul Webb's Honk group, has lost its bid to claim $1.1 million of management fees were legitimate and not simply a way to avoid paying tax. More >>

Zeffer cider takes out gold at International Cider Awards

Friday, 17 March 2017, 5:13 pm | Zeffer Cider

Hot off the heels of their successful Snowball Effect capital raise, Zeffer cider has scooped up gold for its Cidre Demi-Sec at the world’s most prestigious International Cider Awards held in the UK last week. More >>

Waitomo Glowworm Caves Awarded Official Mark of Quality

Friday, 17 March 2017, 4:52 pm | Tourism Holdings Limited

Waitomo Glowworm Caves is the proud recipient of a Qualmark Gold Award – one of the first issued to a tourism operator under the new guidelines issued by Tourism New Zealand. More >>

Nelson and Tasman Councils’ joint landfill application

Friday, 17 March 2017, 4:46 pm | Commerce Commission

The Commerce Commission has reached a preliminary view that, subject to a condition, it should allow the Nelson City Council and the Tasman District Council to form a business unit to jointly operate the two landfills in the Nelson-Tasman region. More >>

UPDATE: BP sells NZ Refining shares at 6.9% discount

Friday, 17 March 2017, 4:43 pm | BusinessDesk

March 17 (BusinessDesk) - BP New Zealand Holdings has sold down part of its holding in the nation's only oil refinery operator, NZ Refining, at a discount. More >>

Rail safety campaign wins supreme award at the Axis Awards

Friday, 17 March 2017, 4:39 pm | KiwiRail

KiwiRail and TrackSAFE NZ’s social media campaign, “The Conscious Crossing”, won big at last night’s Axis Awards, taking home eight Gold Axis Awards and the overall Grand Axis Award. More >>

NZ consumer confidence dips in March, still upbeat

Friday, 17 March 2017, 4:25 pm | BusinessDesk

March 17 (BusinessDesk) - New Zealand consumer confidence dipped in March as net optimism toward the economy eased, but remained above average. More >>

Funding a ‘smart choice’ for future land management

Friday, 17 March 2017, 3:23 pm | Federated Farmers

Federated Farmers says investment in smart irrigation projects announced by the Government is an important step towards optimising future land management practices. More >>

Countdown and NetSafe issue warning about email scammers

Friday, 17 March 2017, 3:12 pm | Countdown

17 March 2017: Countdown and NetSafe are advising consumers to be vigilant as New Zealanders are being targeted by scam emails. More >>

Wellington’s First Virtual And Mixed Reality Centre to Open

Friday, 17 March 2017, 3:11 pm | ProjectR

Wellington’s virtual and mixed reality centre, PROJECTR, will further cement the capital’s reputation as a world-leading hub of digital innovation when it opens in April. More >>

Tech Company Targets Christchurch Grads

Friday, 17 March 2017, 3:07 pm | Magnetism

CRM solutions specialists Magnetism are opening an office in Christchurch – and are focused on fostering local talent. More >>

Reckon to demerge Document Management business

Friday, 17 March 2017, 3:05 pm | Reckon

Proposed demerger and listing of Document Management business on the AIM market of the London Stock Exchange to unlock additional shareholder value More >>

Fletcher Building trading halt for construction unit review

Friday, 17 March 2017, 3:02 pm | BusinessDesk

March 17 (BusinessDesk) - Fletcher Building, the country's biggest construction firm, is in a trading halt pending a review of the financial performance of its construction division and the impact on earnings guidance previously provided to the market, the ... More >>

New Zealand's manufacturing activity rises in February

Friday, 17 March 2017, 2:05 pm | BusinessDesk

New Zealand's manufacturing activity rose in February after a dip in January when momentum waned in the building sector. More >>

NZ Windfarms commercial director John Worth to head company

Friday, 17 March 2017, 2:04 pm | BusinessDesk

March 17 (BusinessDesk) - NZ Windfarms said its newly appointed commercial director John Worth will assume full responsibility for the company's daily operations, taking over from acting chief executive Stuart Bauld. More >>

AFT Pharmaceuticals raises $9.1M via redeemable share issue

Friday, 17 March 2017, 2:02 pm | BusinessDesk

March 17 (BusinessDesk) - AFT Pharmaceuticals, which manufactures the Maxigesic painkiller, raised new funds through a redeemable share issue to fuel international growth and announced plans to raise more capital in a share purchase plan. More >>

LGFA contemplating new April 2033 bond

Friday, 17 March 2017, 1:50 pm | BusinessDesk

March 17 (BusinessDesk) - The New Zealand Local Government Funding Agency, which sells bonds on behalf of local authorities, is looking at issuing a new long-dated bond in early April, it said in a statement to the stock exchange. More >>

Fletcher Building in trading halt

Friday, 17 March 2017, 1:29 pm | BusinessDesk

March 17 (BusinessDesk) - Fletcher Building, the country's biggest construction firm, is in a trading halt pending an announcement. More >>

NZ wool market improves at double auction

Friday, 17 March 2017, 1:27 pm | BusinessDesk

March 17 (BusinessDesk) - New Zealand's wool market picked up at the latest weekly auctions across the North and South islands yesterday. More >>

New Zealand announces new executive appointment

Friday, 17 March 2017, 1:24 pm | Tourism Malaysia

Auckland, New Zealand. 17 March 2017. Tourism Malaysia New Zealand region announces the appointment of Mr. Rosli Reshid to the position of Director. More >>

Landlord unlawfully rented converted garage

Friday, 17 March 2017, 1:14 pm | Ministry of Business Innovation and Employment

The Tenancy Tribunal at Manukau has ordered Manurewa landlord Satya Silan to refund $15,840 in rent and pay $750 in exemplary damages for renting an unconsented, converted garage as a separate household unit. More >>

Mondelez confirms Dunedin exit

Friday, 17 March 2017, 1:08 pm | BusinessDesk

March 17 (BusinessDesk) - Mondelez International, the US food group on a global push to cut costs, will close the doors on the Cadbury factory in Dunedin early next year. More >>

Thankyou Payroll expanding through equity crowdfunding

Friday, 17 March 2017, 12:44 pm | PledgeMe

Dunedin and Wellington based social enterprise Thankyou Payroll is launching an equity crowdfunding campaign on PledgeMe on 7 April, to fund development, grow their team, and market their software in preparation for upcoming IRD changes around payroll ... More >>

NZ’s childhood favourite now available in all organic

Friday, 17 March 2017, 12:38 pm | OOB Organic

OOB Organic has added a drop of nostalgia to their premium Ice Cream range with their latest innovation - Oobie Joobie Ice Cream. More >>

BP plans to halve NZ Refining stake, selling $86 mln shares

Friday, 17 March 2017, 12:31 pm | BusinessDesk

March 17 (BusinessDesk) - BP New Zealand Holdings is selling down part of its holding in the nation's only oil refinery operator, NZ Refining, potentially reaping as much as $86 million. More >>

Higgins employee's 25-year skill base formally recognised

Friday, 17 March 2017, 12:19 pm | Connexis

Christchurch, 17 March 2017: Hearing challenges aren't a barrier to success in the Civil Infrastructure Industry for one long-time Higgins Christchurch employee who has just achieved an industry qualification. More >>

Beachside apartment development 40 percent sold

Friday, 17 March 2017, 11:33 am | Bayleys Realty Group

Forty percent of Nelson’s latest apartment development complex has been sold off – even before being officially offered for sale to the general public. More >>

Supercheap Auto premises on the market for sale

Friday, 17 March 2017, 10:56 am | Bayleys Realty Group

The land and buildings housing one of Gisborne’s largest automotive parts and tools retailers has been placed on the market for sale. More >>

Rental Price Index February 2017

Friday, 17 March 2017, 10:24 am | Trade Me Property

The median weekly rent for a typical New Zealand house (a property that has 3-4 bedrooms) hit $500 for the first time ever in February, meaning the annual cost for tenants is now $26,000 a year, according to the latest Trade Me Property Rental Price Index. ... More >>

While you were sleeping: Wall St declines

Friday, 17 March 2017, 10:07 am | BusinessDesk

March 17 (BusinessDesk) - Wall Street and US Treasuries slipped as investors locked in profits following Wednesday’s rally. More >>

Pongaroa farmers win Ballance Farm Environment Awards

Friday, 17 March 2017, 9:25 am | NZ Farm Environment Awards

Pongaroa sheep and beef farmers Shaun and Tracie Baxter have won the Horizons Ballance Farm Environment Awards. More >>

RSM NZ To Grow China Practice Group

Friday, 17 March 2017, 9:07 am | RSM New Zealand

China is one of New Zealand’s largest trading partners and over recent years New Zealand has experienced a rapid influx of Chinese businesses and individuals seeking investment opportunities. According to a recent NZ China Council report, Chinese ... More >>

The NZDUSD opens at 0.6973 (mid-rate) this morning

Friday, 17 March 2017, 9:04 am | HiFX

The Kiwi has traded a 75 point or 1.1% range from yesterday’s open, trading as high as 0.7046 but opens near the low of 0.6971. The NZD is down against all its major competitors. More >>

Worldskills & WelTec Celebrate the Hard Work of Good People

Friday, 17 March 2017, 8:36 am | Weltec

PRESS RELEASE 16 MARCH 2017: This week WelTec and WorldSkills New Zealand celebrated the significant contribution of long-serving staff volunteers. With a combined service of well over a century, WelTec staff volunteers champion the goals and activities ... More >>

AA Smartfuel boosts offering with Contact Energy

Friday, 17 March 2017, 8:28 am | AA Smartfuel

There’s no sign of AA Smartfuel taking its foot off the pedal with the announcement of a new partner – one of New Zealand’s leading energy companies, Contact Energy. More >>

Exporting to Iran

Friday, 17 March 2017, 8:24 am | Chapman Tripp

The easing of United Nations sanctions against Iran in 2016 has created export opportunities for New Zealand. There is significant scope for increased trade, but care is needed. More >>

MARKET CLOSE: NZ shares mixed after Fed result

Friday, 17 March 2017, 8:15 am | BusinessDesk

March 16 (BusinessDesk) - New Zealand shares were mixed after the US Federal Reserve followed expectations, with Vista Group Entertainment and Auckland International Airport gaining while Sky Network Television and Ebos Group dropped. More >>

PwC liable for up to $1 billion in liquidator's lawsuit

Friday, 17 March 2017, 8:13 am | BusinessDesk

March 16 (BusinessDesk) - PricewaterhouseCoopers says it's under the gun for up to $1 billion after two failed attempts to stop a lawsuit brought against it by the liquidator of a collapsed property development company. More >>

Fonterra given discretion over accepting new conversions

Friday, 17 March 2017, 8:11 am | BusinessDesk

March 16 (BusinessDesk) - Fonterra Cooperative Group will get to choose whether to accept supply from new dairy conversions from the 2018/19 season in new legislation governing the country's biggest company. More >>

NZ dollar pares Fed gains after local GDP softer-than-expect

Friday, 17 March 2017, 8:08 am | BusinessDesk

March 16 (BusinessDesk) - The New Zealand dollar pared some of its gains after the US Federal Reserve lifted rates but kept the track for further hikes unchanged after the domestic growth picture was softer than expected. More >>

CropLogic hires Novus Capital for A$3M IPO prior to ASX list

Friday, 17 March 2017, 8:05 am | BusinessDesk

March 16 (BusinessDesk) - CropLogic, a Christchurch-based developer of technology that allows farmers to more accurately control inputs such as fertiliser and water, plans to raise A$3 million in an initial public offering and list on the ASX. More >>

NZ petrol companies wary of customs law overhaul

Friday, 17 March 2017, 8:03 am | BusinessDesk

March 16 (BusinessDesk) - New Zealand's petrol companies are welcoming a change to 20-year-old customs and excise law but want to make sure they don't get blindsided by the way officials judge whether a blended fuel will attract more duty. More >>

FMA files charges under the Financial Service Providers Act

Thursday, 16 March 2017, 5:26 pm | Financial Markets Authority

The FMA has filed charges against Mr Patterson in the Christchurch District Court. The FMA alleges Mr Patterson was, or was holding out as being, in the business of providing financial services in contravention of the Financial Service Providers ... More >>

Aucklanders buying up Mount residential development

Thursday, 16 March 2017, 4:45 pm | Colliers International

Aucklanders make up almost half of the buyers of a 71-dwelling development in Mount Maunganui that has just been granted resource consent. More >>

General Finance chases Terry Serepisos's mum for $275k

Thursday, 16 March 2017, 4:33 pm | BusinessDesk

March 16 (BusinessDesk) - General Finance has sought summary judgment against the mother of discharged bankrupt Terry Serepisos over some $275,000 owed on a defaulted mortgage but her lawyer argued the mortgage lender 'sabotaged' the sale of the apartment ... More >>

NZWSI Market Report: Wool Prices Align

Thursday, 16 March 2017, 4:18 pm | New Zealand Wool Services

New Zealand Wool Services International Ltd’s Marketing Executive, Malcolm Ching, reports that the 17978 bales from the North and South Island auctions saw an 82 percent clearance with opposing price shifts in each centre seeing the South easing and the ... More >>

UPDATE: Tepid fourth-quarter growth

Thursday, 16 March 2017, 4:02 pm | BusinessDesk

March 16 (BusinessDesk) - New Zealand’s economy expanded less than expected in the fourth quarter, firming up the view that the central bank is likely to keep interest rates on hold for some time to come. More >>

Windflow Technology posts wider 1H loss, needs more capital

Thursday, 16 March 2017, 3:43 pm | BusinessDesk

March 16 (BusinessDesk) - Windflow Technology, the unprofitable wind turbine manufacturer, widened its first-half loss and said it needs new injections of capital. More >>

Lucidity Recognised as Partner of the Year Finalist

Thursday, 16 March 2017, 3:41 pm | Lucidity

Auckland, 15 March, 2017 – Lucidity, a cloud services provider, today announced it has been named a finalist for the Managed Service of the Year Award for the Microsoft 10th annual New Zealand Partner Awards 2017. More >>

George Methven To Be Inducted Into The Business Hall Of Fame

Thursday, 16 March 2017, 3:08 pm | Business Hall of Fame

New Zealand’s leading shower and tapware designer Methven Limited recently announced that George Methven will be inducted as one of eight Laureates into the New Zealand Business Hall of Fame in July 2017. More >>

CIO Summit stacked with drawcards for 2017

Thursday, 16 March 2017, 2:03 pm | CIO Summit and Awards

Conferenz & IDC have released the full agenda for the upcoming CIO Summit and Awards 2017 event. As the foremost gathering of CIOs and Senior IT executives in New Zealand, the CIO Summit and Awards taking place in Auckland on June 14-15 has ... More >>

NZ economy expands less than expected in fourth quarter

Thursday, 16 March 2017, 2:01 pm | BusinessDesk

March 16 (BusinessDesk) - New Zealand’s economy expanded less than expected in the fourth quarter, weighed by weaker activity in the primary sector. The kiwi dollar fell More >>

New waterfront destination for Aucklanders launched

Thursday, 16 March 2017, 2:00 pm | Willis Bond

The development of Auckland’s Hobsonville Point took a significant step forward today with plans revealed by Willis Bond & Co for Catalina Bay, formerly known as The Landing. More >>

Genesis replaces Contact as FlyBuys' electricity provider

Thursday, 16 March 2017, 1:41 pm | BusinessDesk

March 16 (BusinessDesk) - Genesis Energy is replacing Contact Energy in the FlyBuys loyalty scheme, as the country's largest electricity retailer seeks to improve its attraction to existing and would-be customers. More >>

New Zealand dog diet study a wake-up call for dog nutrition

Thursday, 16 March 2017, 1:24 pm | New Zealand Premium Petfood Alliance

Dog owners can improve the wellbeing of their canine companions by serving up a high meat diet rather than the “human-like” fare favoured by many, a new study shows. More >>


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