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Latest Business Headlines [Page 5]

Review of Fonterra’s base milk price calculation

Friday, 14 September 2018, 10:06 am | Commerce Commission

The Commerce Commission has released its final report on Fonterra’s base milk price calculation for the 2017/18 dairy season. More >>

Dependability & transparency of data key

Friday, 14 September 2018, 10:04 am | Endeavour Solutions

Wellington, 12 September, 2018 – Maori Language Commission achieved its highest ever Auditor General ranking following implementation of new technology. More >>

SKOPE chooses Wellington’s SCS Connect IoT platform

Friday, 14 September 2018, 9:59 am | Skope

SKOPE chooses Wellington’s SCS Connect IoT platform and ECR2 motor for its world-leading ActiveCore refrigerator range More >>

How AI is reshaping the financial services industry

Friday, 14 September 2018, 9:51 am | Deloitte

New report from World Economic Forum and Deloitte explores how AI is challenging traditional operating models and upending competitive dynamics in financial services More >>

2018-19 lamb and beef exports forecast to break $3 billion

Friday, 14 September 2018, 9:39 am | Beef And Lamb NZ

2018-19 lamb and beef exports forecast to both break $3 billion for the second time More >>

HiFX morning Update, September 14 2018

Friday, 14 September 2018, 9:19 am | HiFX

The NZD opens at 0.6568 In what has been a relatively mixed session, the Kiwi has reacted, rather than led movements. US CPI and core CPI both missed by 0.1%, coming in slightly lower than expected. This was on the back of relatively poor PPI data ... More >>

Trans-Tasman Resources still mulling possible appeal

Thursday, 13 September 2018, 9:07 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Trans-Tasman Resources has not yet decided to appeal a High Court ruling that quashed its marine consent for an offshore iron sands project, executive chair Alan Eggers told BusinessDesk. More >>

MARKET CLOSE: NZ shares join Asia rally on trade optimism

Thursday, 13 September 2018, 8:45 pm | BusinessDesk

Sept. 13 (BusinessDesk) - New Zealand shares rose, joining a regional rally on optimism over US-China trade relations. Fonterra Cooperative Group's first annual loss dominated local headlines. More >>

NZ dollar falls against Aussie on strong jobs data

Thursday, 13 September 2018, 8:12 pm | BusinessDesk

Sept. 13 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after strong jobs data across the Tasman provided some tentative signs of wage inflation. More >>

Fonterra ponders Beingmate future

Thursday, 13 September 2018, 7:57 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Fonterra is looking at whether it should get rid of its disastrous Beingmate investment as part of an ‘everything up for grabs’ strategic review. More >>

Contact posts biggest customer loss in seven years

Thursday, 13 September 2018, 7:41 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Contact Energy posted its biggest customer loss in seven years last month after its contract with a major commercial client came to an end. More >>

Outperforming NZX needs to lift its global profile

Thursday, 13 September 2018, 6:18 pm | BusinessDesk

Sept. 13 (BusinessDesk) - NZX chief executive Mark Peterson says the exchange can't rely solely on its record-breaking performance this year to build its international profile. More >>

Monitoring extended to fishing industry minnows next year

Thursday, 13 September 2018, 5:20 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Fisheries Minister Stuart Nash wants New Zealand's entire commercial fleet reporting their catch and position under the digital monitoring system by the end of next year. More >>

Service industry workforce development revs up

Thursday, 13 September 2018, 3:57 pm | Service IQ

Last year, ServiceIQ launched at Parliament a series of Regional Roadmaps to help address a looming skills shortage in New Zealand’s retail, hospitality, aviation, travel, tourism and museum industries. More >>

OMD Wins the Jackpot

Thursday, 13 September 2018, 3:55 pm | OMD

SKYCITY, the world class entertainment complex in the heart of Auckland’s CBD includes the SKYCITY and Grand Hotels, SKYCITY Convention Centre, SKYCITY Theatre, Sky Tower, Federal Street, SKYCITY Casino and the Let’s Play Live E Sports studio. SKYCITY ... More >>

First test drive of new solarZero home battery

Thursday, 13 September 2018, 3:47 pm | SolarCity

Auckland, 12 September 2018 - The first beta edition of the new breakthrough solarZero home battery was installed today in New Zealand’s first certified Zero Energy House. More >>

Apple Watch Series 4: Beautifully redesigned

Thursday, 13 September 2018, 3:42 pm | Apple

Apple Watch Series 4: Beautifully redesigned with breakthrough communication, fitness and health capabilities Featuring a Stunning New Display, Electrocardiogram and Fall Detection More >>

Apple introduces iPhone XR

Thursday, 13 September 2018, 3:41 pm | Apple

Apple introduces iPhone XR Featuring A12 Bionic Chip, 6.1-Inch Liquid Retina Display, Aluminium and Glass Design in Six Beautiful Finishes, Face ID and Advanced Camera System More >>

iPhone Xs and iPhone Xs Max - the best and biggest displays

Thursday, 13 September 2018, 3:40 pm | Apple

Most Advanced iPhone Ever Features a 5.8-Inch and 6.5-Inch All-Screen Design, with Powerful A12 Bionic Chip and a Breakthrough Dual Camera System More >>

Hatch - Creating commercial leaders of tomorrow

Thursday, 13 September 2018, 3:23 pm | Pacific Business Trust

Run by the Pacific Business Trust, it embodies the new direction the Trust has embarked upon for the last two years. The result is the creation of programmes which leverage key areas of strength within our Pacific communities, with Hatch addressing the need ... More >>

Endeavour Fund backs 69 research projects with $249 million

Thursday, 13 September 2018, 3:17 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Science projects ranging from ways to make New Zealand more resilient to climate change to developing superconductor computer processors are among 69 new research initiatives funded through this year's $249 million Endeavour ... More >>

Endeavour Fund projects are an investment in our future

Thursday, 13 September 2018, 3:08 pm | Federated Farmers

As an organisation that consistently calls for science and ground-truthed research to underpin policy and regulations, Federated Farmers has no problem with the government investing $249 million in the 2018 round of the Endeavour Fund. More >>

New-look OurAuckland magazine

Thursday, 13 September 2018, 2:27 pm | Auckland Council

Auckland Council today announced a new partnership with New Zealand’s largest magazine publisher, Bauer Media Group, to produce and distribute the OurAuckland magazine at a reduced cost to ratepayers. More >>

NZ food prices fall in August

Thursday, 13 September 2018, 2:06 pm | BusinessDesk

Sept. 13 (BusinessDesk) - New Zealand's food prices fell in August as good growing conditions brought down the price of broccoli. More >>

Mild winter spurred more August house sales, REINZ says

Thursday, 13 September 2018, 1:43 pm | BusinessDesk

Sept. 13 (BusinessDesk) - New Zealand house sales were spurred by a mild winter chill in August across most of the nation, the Real Estate Institute says. More >>

Queensland strawberry issue

Thursday, 13 September 2018, 1:35 pm | Foodstuffs Limited

Ahead of the New Zealand strawberry season kicking off, New World, PAK'nSAVE and Four Square stores are stocking some Australian strawberries. More >>

Co-op must do better

Thursday, 13 September 2018, 1:34 pm | Fonterra Shareholders Council

The Chairman of Fonterra’s Shareholders’ Council Duncan Coull has said he is extremely disappointed with the Co-op’s 2018 Annual Results. More >>

Air NZ Auckland Regional Lounge to triple in capacity

Thursday, 13 September 2018, 1:10 pm | Air New Zealand

Air New Zealand will begin construction next month on a new, much larger regional lounge at Auckland Airport, as part of a $60 million investment in lounges throughout New Zealand over the next two years. More >>

UPDATE: Fonterra swings to FY net loss

Thursday, 13 September 2018, 1:06 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Fonterra Cooperative Group said it is taking stock of its business, prioritising a return on capital and aiming to set realistic forecasts as it looks to turn the business around after a disappointing full-year loss that ... More >>

Grey Power on Bank Closures

Thursday, 13 September 2018, 12:59 pm | Grey Power New Zealand

Grey Power has called on the Government to direct Kiwi Bank and post bank to fill the gap left by commercial banks abandoning many small communities More >>

Symantec Threat Intelligence – Microsoft Patch

Thursday, 13 September 2018, 12:57 pm | Symantec

Symantec Threat Intelligence – Microsoft Patch Tuesday, 61 Vulnerabilities This month the vendor has patched 61 vulnerabilities, 17 of which are rated critical . To see the full list of patches the Symantec Threat Intelligence report can be found ... More >>

Dunedin startup one to watch

Thursday, 13 September 2018, 12:38 pm | Codelingo

The company is launching an app this week that scans computer software code for errors and automatically corrects them. More >>

Kapiti Businesses Question ‘Open for Business’ Council

Thursday, 13 September 2018, 12:33 pm | Kapiti Coast Chamber Of Commerce

Kapiti Coast, Thursday 13 September 2018 - Kapiti Coast businesses are questioning the Kāpiti Coast District Council on its goal of being known for an ‘open for business’ approach after a survey has revealed many don’t believe it is. More >>

10,000 drone pilots register to fly in New Zealand airspace

Thursday, 13 September 2018, 12:22 pm | Airways New Zealand

More than 10,000 drone pilots are now registered with Airshare to fly in New Zealand airspace. The online hub for drone pilots operated by Airways announced today that its database of registered pilots has topped the milestone mark. More >>

Fonterra swings to annual loss on Beingmate, Danone

Thursday, 13 September 2018, 12:01 pm | BusinessDesk

Sept. 13 (BusinessDesk) - Fonterra Cooperative Group posted an annual loss after writing down the value of its Beingmate Baby & Child Food investment and settling with Danone but says it's taking steps to improve the business. More >>

Fonterra’s report card - "must do better"

Thursday, 13 September 2018, 11:34 am | Federated Farmers

Fonterra’s net loss after tax of $196 million is a very disappointing result, Federated Farmers Dairy Chairperson Chris Lewis says. More >>

Domain Name Commission wins first step in lawsuit

Thursday, 13 September 2018, 11:32 am | Internet NZ

New Zealand’s Domain Name Commission has today won a motion for preliminary injunction in a US lawsuit against the company DomainTools. More >>

NZ Dollar gets lift on trade talks proposals

Thursday, 13 September 2018, 11:30 am | BusinessDesk

Sept. 13 (BusinessDesk) - The New Zealand dollar was trading higher after investor risk appetite was stoked by news that US officials are looking to re-open trade talks with China. More >>

Fonterra Announces FY18 Annual Results And Outlook for FY19

Thursday, 13 September 2018, 11:03 am | Fonterra Co-operative Group Ltd

Fonterra Announces Fy18 Annual Results And Outlook for Fy19 • Total Cash Payout for 2017/18 season: $6.79 o Farmgate Milk Price $6.69 per kgMS o Dividend of 10 cents per share • New Zealand milk collections: 1,505 million kgMS, down 1% • Sales ... More >>

Brisk weather brings broccoli prices down

Thursday, 13 September 2018, 11:00 am | Statistics New Zealand

Broccoli prices fell 27 percent in August 2018, and 32 percent for the year, Stats NZ said today. More >>

OneFortyOne intends to purchase Manuka Island forest estate

Thursday, 13 September 2018, 10:57 am | OneFortyOne

OneFortyOne announces intention to purchase Manuka Island forest estate 13 September 2018 Australian forestry company, OneFortyOne (OFO) has announced its intention to purchase the Manuka Island forest estate in the Wairau Valley near Blenheim. The ... More >>

Record half-year result for PharmaZen

Thursday, 13 September 2018, 10:54 am | PharmaZen

Biotechnology company PharmaZen Limited has recorded a record half year pre-tax profit for the six months ending June 2018. More >>

Spring Comes Early For Auckland Market

Thursday, 13 September 2018, 10:53 am | REINZ

Spring Comes Early For Auckland Market With First Year-On-Year Price Increase in 6 Months 13th September 2018 For immediate release *For Regional Information and Commentary please click here Spring comes early for Auckland market with first year-on-year ... More >>

Auckland Council and Unison honoured at RiskNZ annual awards

Thursday, 13 September 2018, 10:43 am | Make Lemonade

Auckland Council’s Cecilia Tse won the risk management professional of the year award while the council’s risk team won the excellence in developing capability in risk management award at RiskNZ’s annual awards in Auckland last night. More >>

Migrant worker rights in NZ

Thursday, 13 September 2018, 10:23 am | New Zealand Immigration Law

Opinion Piece: Migrant employee exploitation has been making headlines lately, and there are undoubtedly some common themes. Aaron Martin of New Zealand Immigration Law, Employment lawyer Mark Donovan and Anu Kaloti of the Migrant Workers Association, ... More >>

Greenpeace has it wrong - no subsidies for oil and gas

Thursday, 13 September 2018, 10:15 am | PEPANZ

There are no direct subsidies for the oil and gas industry in New Zealand and Greenpeace has their facts wrong, says the Petroleum Exploration and Production Association of New Zealand (PEPANZ). More >>

Hastings employer sentenced for employing an illegal worker

Thursday, 13 September 2018, 10:13 am | Ministry of Business Innovation and Employment

A takeaway and pizza delivery store and its former owner have been sentenced for unlawfully employing a worker and aiding a person to breach visa conditions.  More >>

Trick and treat your taste buds...

Thursday, 13 September 2018, 10:05 am | The Chocolate and Coffee Show

Get ready for the ultimate cheat day as The Chocolate & Coffee Show celebrates its fifth birthday. More >>

MARKET CLOSE: NZ shares drop back as SkyCity, Air NZ weaken

Wednesday, 12 September 2018, 8:41 pm | BusinessDesk

MARKET CLOSE: NZ shares drop back as SkyCity, Air NZ weaken; NZX rises on Nasdaq MOU More >>

Australia's National Veterinary Care buys Pet Doctors NZ

Wednesday, 12 September 2018, 8:38 pm | BusinessDesk

Sept. 12 (BusinessDesk) - Australia's National Veterinary Care will pay up to A$27 million for Pet Doctors NZ to fast-track its expansion on this side of the Tasman. More >>

NZ dollar remains on backfoot as trade war keeps heating up

Wednesday, 12 September 2018, 8:37 pm | BusinessDesk

Sept. 12 (BusinessDesk) - A weaker yuan fix, jitters about US-China trade tensions and lingering concerns about emerging markets combined to keep the New Zealand dollar on the backfoot in Asian trading. More >>

Govt ponders enduring wellbeing measures, oversight agency

Wednesday, 12 September 2018, 8:16 pm | BusinessDesk

Sept. 12 (BusinessDesk) - Embedding specific wellbeing indicators into Public Finance Act may provide short-term certainty but could prove less durable if those yardsticks change over time, the government says. More >>

Fonterra outlook trumps poor earnings, fund chair Shewan say

Wednesday, 12 September 2018, 6:58 pm | BusinessDesk

Sept. 12 (BusinessDesk) - Fonterra Cooperative Group needs to show a strong outlook for investors to regain confidence in the world's biggest dairy exporter, who will be disappointed with its weak earnings, says John Shewan, who chairs the Fonterra ... More >>

SFO took 2 years to bring case against disgraced accountant

Wednesday, 12 September 2018, 6:25 pm | BusinessDesk

Sept. 12 (BusinessDesk) - The Serious Fraud Office won’t say why it took so long to bring a case against an accountant who admitted taking client money and was thrown out of the industry body in 2016. More >>

My Beer Case launch equity crowdfunding campaign

Wednesday, 12 September 2018, 4:44 pm | PledgeMe

My Beer Case launch equity crowdfunding campaign Auckland-based on-demand alcohol delivery service, My Beer Case, have launched an equity crowdfunding campaign on PledgeMe. They are aiming to raise a minimum of $120,000 and a maximum of $250,000 ... More >>

Transformation continues with new CEO

Wednesday, 12 September 2018, 4:34 pm | Russell McVeagh

Russell McVeagh Chair, Malcolm Crotty, today said the appointment of Jo Avenell to the role of Chief Executive was a pivotal moment in the firm’s continued transformation. Jo Avenell’s appointment is effective on 23 October. More >>

Chapman Tripp supports te wiki o te reo Māori

Wednesday, 12 September 2018, 3:41 pm | Chapman Tripp

Chapman Tripp is proud to actively support Te Wiki o Te Reo Māori (Māori Language Week) again in 2018. The firm’s activities this week draw on the Māori Language Commission’s 2018 theme, which is “Kia Kaha Te Reo Māori”: strengthening competence ... More >>

Tilt directors repeat recommendation to reject Infratil

Wednesday, 12 September 2018, 3:38 pm | BusinessDesk

Sept. 12 (BusinessDesk) - Tilt Renewables's independent directors have repeated their advice that shareholders reject a takeover offer from major shareholders Infratil and Mercury NZ, after Tilt announced it has signed a 15-year supply deal with Victoria's ... More >>

NZ guest nights flat in July after Lions Tour peak in 2017

Wednesday, 12 September 2018, 2:20 pm | BusinessDesk

Sept. 12 (BusinessDesk) - New Zealand guest nights were flat in July as international visitor numbers fell from last year's peak during the Lions rugby tour, Statistics New Zealand said. More >>

Kia Ora magazine wins Best Owned Media award

Wednesday, 12 September 2018, 2:17 pm | Air New Zealand

Air New Zealand’s inflight magazine Kia Ora has taken out the trophy for Best Owned Media at the 2018 Webstar Magazine Media Awards, for a second consecutive year. More >>