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Latest Business Headlines [Page 5]

Bob Jones loses again in voidable transactions case

Friday, 9 August 2019, 2:41 pm | BusinessDesk

Aug. 9 (BusinessDesk) - Bob Jones has lost a Supreme Court appeal over rental payments to one of his companies for the firm formerly known as Blue Chip. More >>

Farmers being hit hard by policy and regulation changes

Friday, 9 August 2019, 2:39 pm | Findex

A capital crunch is starting to impact farmers with banks increasingly cagey about lending to dairy and the sheep and beef sectors, which is putting huge pressure on the industry, according to Findex’s Head of Agribusiness, Hayden Dillon. Dillon ... More >>

Fewer Asian visitors in June offset by other increases

Friday, 9 August 2019, 2:27 pm | BusinessDesk

Aug. 9 (BusinessDesk) - A drop in the number of overseas visitors from Asia in June was offset by an increase from the US and Australia. More >>

IPCC Report highlights efficient NZ farming systems

Friday, 9 August 2019, 1:40 pm | Meat Industry Association

IPCC Report highlights role efficient NZ farming systems can play in helping address climate change More >>

New campaign to help businesses take more responsibility

Friday, 9 August 2019, 1:35 pm | Sustainable Business Network

A business campaign to increase ‘product take back’ schemes has won the support of the Government’s Waste Minimisation Fund. More >>

EFU Investment Ltd Acquires Consult Recruitment

Friday, 9 August 2019, 1:24 pm | Consult Recruitment

Specialist recruitment firm, Consult Recruitment, are delighted to announce they have been acquired by investment firm, EFU Investment Ltd. The deal which was effective 31 March 2019, sees the existing senior leadership team staying in place, and creates ... More >>

NZ slow to get slice of lucrative world cannabis market

Friday, 9 August 2019, 1:12 pm | Make Lemonade

NZ will miss out on billions of dollars of exports in the fast-growing global legal cannabis industry, BiotechNZ executive director Dr Zahra Champion says. More >>

SkyCity launches online gaming site

Friday, 9 August 2019, 12:53 pm | BusinessDesk

Aug. 9 (BusinessDesk) - SkyCity Entertainment Group has launched its online gaming site - - as it adapts to the changing gambling environment. More >>

Colmar Brunton appoints Behavioural Insights Director

Friday, 9 August 2019, 12:36 pm | Colmar Brunton

Leading market and social research company Colmar Brunton has appointed Kathryn Robinson as Behavioural Insights Director based in Wellington. More >>

Turners wins early battle in $5.5m lawsuit

Friday, 9 August 2019, 12:01 pm | BusinessDesk

Aug. 9 (BusinessDesk) - Turners Automotive Group has won a preliminary battle with the former owner of the Buy Right Cars dealerships it purchased in 2017. More >>

Vital's manager looking to invest more than $350 million

Friday, 9 August 2019, 11:18 am | BusinessDesk

Aug. 9 (BusinessDesk) - Vital Healthcare Property Trust’s manager is still looking for investment opportunities and believes the trust has more than $350 million of firepower. More >>

NZ dollar recovers on better China, US data

Friday, 9 August 2019, 11:16 am | BusinessDesk

Aug. 9 (BusinessDesk) - The New Zealand dollar firmed after stronger than expected trade data from China and a fall in US jobless claims gave global sentiment a boost. More >>

Healthy New Zealand fish stocks recognised

Friday, 9 August 2019, 10:57 am | Seafood New Zealand

Research has again shown that New Zealand’s fish stocks are in great shape, thanks to a world-leading management system. More >>

Seafood industry judged against code of conduct for 3rd year

Friday, 9 August 2019, 10:55 am | Seafood New Zealand

The seafood industry has had a mixed year, according to Seafood New Zealand executive chairman, Craig Ellison but, for the first time has received an A grading. More >>

Overseas investors ordered to sell historic Waikato hotel

Friday, 9 August 2019, 10:54 am | Overseas Investment Office

The Overseas Investment Office (OIO) has ordered overseas investors to sell a historic Waikato hotel complex after they failed to follow through with an agreed redevelopment. More >>

Wellington man fined for paying trainee to carry out work

Friday, 9 August 2019, 10:50 am | Ministry of Business Innovation and Employment

A business owner has been prosecuted and fined $10,800 plus costs in Wellington District Court for permitting an unsupervised trainee electrician to carry out prescribed electrical work for homeowners who purchased Groupon vouchers for the work. More >>

Business keen to work with Government on circular economy

Friday, 9 August 2019, 10:38 am | Auckland Business Chamber

The Government’s initiative to establish regulated product stewardship schemes for priority products to reduce harm posed by certain end-of-life products and design waste out of the system, has the strong support of business. More >>

XE Morning Update - August 9, 2019

Friday, 9 August 2019, 9:43 am | XE Morning Update

The Kiwi opens at 0.6480 The rebound continues, with the Kiwi clawing its way back up. The wider market has seemed to get the feeling that with everyone cutting rates, that’s eventually going to be good for their economies, and therefore things are ... More >>

Doug the Digger wins national Service Award

Friday, 9 August 2019, 9:28 am | Civil Contractors NZ

Northland’s Doug the Digger (aka Alistair McIntyre) received a national Service Award for his role in helping young people learn the skills to operate excavators and start careers in civil construction. The award was presented in at a dinner attended ... More >>

SkyCity announces launch of offshore online gaming site

Friday, 9 August 2019, 9:21 am | SKYCITY

SkyCity Entertainment Group Limited (NZX/ASX:SKC) today announced that its Maltese subsidiary, SkyCity Malta Limited, has launched its offshore online gaming site ‘skycitycasino’ under a .com URL. More >>

New Zealand’s Top Butcher Announced

Friday, 9 August 2019, 9:21 am | Alto Butcher of the Year

Greg Egerton from Countdown Dunedin Central has won the prestigious Alto Butcher of the Year title and Cherise Redden from Countdown Meat & Seafood was crowned ANZCO Foods Butcher Apprentice at the Grand Final which took place today at Shed ... More >>

Are Kiwi investors overly exposed to the New Zealand economy

Friday, 9 August 2019, 9:15 am | Kiwi Wealth

Many New Zealanders could be putting their investments at risk by focusing too much on the local economy. Kiwi Wealth’s State of the Investor Nation report found that 71% of New Zealanders don’t believe they have a diversified portfolio, with the ... More >>

Properties in Timaru’s retail hub with potential upside

Friday, 9 August 2019, 9:05 am | Bayley's Real Estate

Five interconnected buildings with identified add-value upside in the heart of Timaru’s main retail strip are for sale. More >>

Southern Cross Health Society picks up prestigious honour

Friday, 9 August 2019, 9:04 am | Southern Cross Health Society

Southern Cross Health Society was last night recognised as one of Australasia’s top 10 ‘Most Innovative Companies’ for BeingWell, its corporate health and wellness programme. More >>

MARKET CLOSE: NZ shares extend gain

Thursday, 8 August 2019, 8:51 pm | BusinessDesk

Aug. 8 (BusinessDesk) - New Zealand shares rose for a second day, led by Kathmandu Holdings after the outdoor equipment chain beat earnings expectations and as record-low interest rates continue to support yield stocks. More >>

NZ dollar treads water after rate cut turmoil

Thursday, 8 August 2019, 8:50 pm | BusinessDesk

Aug. 8 (BusinessDesk) - The New Zealand dollar was little changed as the market absorbed the turmoil created in recent days by better-than-expected jobs data and the Reserve Bank’s surprise 50 basis point cut in its official cash rate. More >>

Tax programme to consider seismic strengthening inducements

Thursday, 8 August 2019, 8:50 pm | BusinessDesk

Aug. 8 (BusinessDesk) - Inland Revenue's latest tax policy programme will consider ways to encourage seismic strengthening for both commercial and residential property in the short-term. More >>

MBIE to review exploration protest regime

Thursday, 8 August 2019, 8:11 pm | BusinessDesk

Aug. 8 (BusinessDesk) - The government’s processes for policing protest in New Zealand waters are to be tightened to ensure risks are properly assessed and responded to in a proportionate way, and that proper controls are maintained over how information ... More >>

RBNZ's Orr says investors need to put their money to work

Thursday, 8 August 2019, 8:00 pm | BusinessDesk

Aug. 8 (BusinessDesk) - Reserve Bank governor Adrian Orr downplayed concerns that depositors will be hard hit by the latest rate cut, arguing that investors need to put their money to work better. More >>

Cloud Ocean job losses “disappointing” says E tū

Thursday, 8 August 2019, 7:59 pm | E tu Union

E tū, the union at Cloud Ocean, says it met today with site management and its union delegates to discuss the company proposal to lay off 125 of the 160 strong work force. More >>

Foodstuffs North Island recognise excellence at Co-op Awards

Thursday, 8 August 2019, 4:48 pm | Foodstuffs North island

Foodstuffs North Island has announced the supreme winners and finalists from its annual Co-Op Awards, the fiercely contended competition that celebrates supermarket excellence. More >>

IAG New Zealand boosts annual profit

Thursday, 8 August 2019, 4:20 pm | BusinessDesk

Aug. 8 (BusinessDesk) - Insurance Australia Group's New Zealand division benefited from good weather in the past year, with a lack of natural peril claims and ongoing gross written premium growth driving a 79 percent jump in annual earnings. More >>

Enviro-Mark Solutions celebrates “biggest carbon losers”

Thursday, 8 August 2019, 3:13 pm | Enviro-Mark

Thursday 8 August 8: Enviro-Mark Solutions has announced the winners of its 2019 Awards, which recognise organisations that have achieved outstanding reductions in carbon emissions in recent years using the carboNZeroCertTM and CEMARS® programmes, ... More >>

Leaft Foods plans to produce protein from leafy crops

Thursday, 8 August 2019, 2:55 pm | Leaft Foods

• Plant protein ingredients company, Leaft Foods has been launched in Canterbury by Dr John Leyland Penno and Maury Leyland Penno More >>

Medleaf gets green light in partnership with Creso Pharma

Thursday, 8 August 2019, 2:53 pm | Medleaf

Medleaf and Creso Pharma have signed a comprehensive Distribution Agreement, enabling kiwis to gain access to affordable, high quality, broad spectrum, GMP products. Now available to the New Zealand market by GP prescription is cannaQIX 50, Creso Pharma’s ... More >>

Are Kiwi investors overly exposed to the economy?

Thursday, 8 August 2019, 2:43 pm | Kiwi Wealth

Many New Zealanders could be putting their investments at risk by focusing too much on the local economy. More >>

AMP renegotiates lower life unit sale price, keeps 20% stake

Thursday, 8 August 2019, 2:36 pm | BusinessDesk

Aug. 8 (BusinessDesk) - AMP remains determined to divest its New Zealand wealth management business after renegotiating the sale price of its life insurance business on both sides of the Tasman to Bermuda-based Resolution Life for A$3 billion. More >>

FY19 Normalised Net Distributable Income of $51.0m

Thursday, 8 August 2019, 2:08 pm | Vital Healthcare Property Trust

Highlights - Gross rental income increased 7.9% to $101.1m, primarily driven by structured rent reviews , completed developments and prior year acquisitions - Net Property Income up 7.7% to $97.7m following strong same property rental growth and expense ... More >>

Kathmandu climbs to 4-month high on upgraded profit outlook

Thursday, 8 August 2019, 1:56 pm | BusinessDesk

Aug. 8 (BusinessDesk) - Kathmandu Holdings' shares jumped to their highest level since April after the retailer said annual profit rose as much as 13 percent on faster sales growth across the Tasman and new contributions from its Oboz Footwear acquisition. More >>

MYOB announces Greg Ellis to succeed Tim Reed as CEO

Thursday, 8 August 2019, 1:53 pm | MYOB

• Tim Reed to remain an advisor to the company after 12 years of successful leadership More >>

AMP announces transformational three-year strategy, results

Thursday, 8 August 2019, 1:50 pm | AMP

• Strategy will reinvent wealth management in Australia, tackle legacy issues and position AMP Capital and AMP Bank for growth. More >>

Vital Healthcare annual profit falls 6.6% after $4.3m spend

Thursday, 8 August 2019, 1:37 pm | BusinessDesk

Aug. 8 (BusinessDesk) - Vital Healthcare Property Trust’s annual net profit fell 6.6 percent after it spent $4.3 million evaluating a proposed purchase of Healthscope properties that most of its investors didn’t want to happen. More >>

CORRECT: Napier Port priced at top of the range

Thursday, 8 August 2019, 1:20 pm | BusinessDesk

Aug. 8 (BusinessDesk) - Napier Port shares will sell at $2.60 - the top of the indicated range - after a bookbuild was significantly oversubscribed and investors at the front of the queue picked up a fifth of the stock on offer. More >>

Feds calls for honesty on what farmers are being asked to do

Thursday, 8 August 2019, 1:08 pm | Federated Farmers

Adopt a methane target that science tells us will ensure no additional impact on global warming, not an unsubstantiated aspiration that will cause lasting damage to rural communities and the standard of living of all New Zealanders. More >>

MYOB announces Greg Ellis to succeed Tim Reed as CEO

Thursday, 8 August 2019, 1:06 pm | MYOB

Leading Australian and New Zealand online business management solutions company, MYOB, today announced that Greg Ellis, an accomplished executive who was most recently CEO of Scout 24 AG, has been selected to succeed Tim Reed as Chief Executive Officer. More >>

Napier Port priced at top of the range; locals nab 20%

Thursday, 8 August 2019, 12:47 pm | BusinessDesk

Aug. 8 (BusinessDesk) - Napier Port shares will sell at $2.60 - the top of the indicated range - after a bookbuild was significantly oversubscribed and investors at the front of the queue picked up a fifth of the stock on offer. More >>

Infratil expects $33m loss on Perth Energy sale

Thursday, 8 August 2019, 12:19 pm | BusinessDesk

Aug. 8 (BusinessDesk) - Infratil says it may post a $33 million loss on the sale of its 80 percent stake in Perth Energy. More >>

NZ Domain Registrar ‘iwantmyname’ acquired by CentralNic

Thursday, 8 August 2019, 12:00 pm | Delaneythorn

Thursday 8 August 2019 - New Zealand company iwantmyname (ideegeo Group LTD), an internet domain management service, has been acquired by UK headquartered international company CentralNic Group Plc for 5.2mil NZD. More >>

Hungry minds feed hungry kids

Thursday, 8 August 2019, 11:53 am | Baker Tilly Staples Roadway

Having breakfast and talking business may not seem like a way to fundraise for charity – but when the charity is one that feeds hungry kids, it’s easy to see the alignment and recognise it’s an opportunity to learn and grow the entire Taranaki community. More >>

Prospa Establishes NZ Funding Facility

Thursday, 8 August 2019, 11:33 am | Prospa

Auckland, 8 August 2019: Prospa Group Limited (ASX: PGL) (“Prospa” or “Company”) is pleased to announce the establishment of its first warehouse facility specifically to fund New Zealand small business loans. More >>

NZ dollar pares losses

Thursday, 8 August 2019, 11:04 am | BusinessDesk

Aug. 8 (BusinessDesk) - The New Zealand dollar pared some of yesterday's steep losses as other central banks also cut rates, adding to the view that rates are going lower globally. More >>

Service Robots that Cater to Market Needs

Thursday, 8 August 2019, 10:43 am | Toyota New Zealand

Toyota City, Japan, August 8, 2019Toyota Motor Corporation (Toyota) and Preferred Networks, Inc. (PFN) have agreed to engage in joint research and development on Toyota’s Human Support Robot (HSR) robotics platform. The two companies aim to develop service ... More >>

Vodafone unveils next-level power

Thursday, 8 August 2019, 10:35 am | Vodafone

Devices Vodafone is urging customers to get in quick to take advantage of next-level power with an awesome pre-sales offer ahead of the official Samsung Galaxy Note10 and Note10+ launch. More >>

AMP Wealth Management reports 1H 19 financial results

Thursday, 8 August 2019, 10:23 am | AAMP Wealth Management

AMP Wealth Management New Zealand has today reported its half-year financial results to 30 June 2019. More >>

Winning formula equals Holiday Park success

Thursday, 8 August 2019, 9:56 am | ServiceIQ

Living and breathing the ‘great training = winning visitor experience’ formula has seen Lake Tekapo Motels and Holiday Park chalk up another win: the ServiceIQ Holiday Park Visitor Experience 2019 award. It’s a well-deserved accolade, which ... More >>

Call for digital authority to regulate Internet giants

Thursday, 8 August 2019, 9:37 am | Insight Online

In the light of Australia’s moves to regulate Google and Facebook one digital agency boss – who depends on the two Internet giants for a large portion of revenue – is calling for New Zealand to follow suit, to address privacy concerns and ensure ... More >>

People are the answer to productivity not technology

Thursday, 8 August 2019, 9:26 am | OneHQ

8 August 2019 It's time to knock technology off its pedestal and put people first in business, says a leading New Zealand technology commentator. Chief technology officer at OneHQ, Warren Hughes, said people are the business, and people prefer ... More >>

The Power of Inclusion adds a new wave of speakers

Thursday, 8 August 2019, 9:18 am | New Zealand Film Commission

AUCKLAND, AOTEAROA NEW ZEALAND, Thursday 8 August 9.00am (NZST) - The Power of Inclusion summit has added more multi-hyphenate, courageous and inspiring speakers to its line-up, who will come together in Auckland, Aotearoa New Zealand on 3rd and 4th October 2019 ... More >>

A digital leadership position for Aurecon being awarded

Thursday, 8 August 2019, 9:06 am | Aurecon

Global engineering, design, and advisory company Aurecon has become one of the first organisations globally to achieve the BSI KitemarkTM certification for Building Information Modelling (BIM) in Design to the new international standards ISO 19650-1 and ISO ... More >>

Napier Port IPO Final Price set at $2.60 per share

Thursday, 8 August 2019, 8:53 am | Napier Port

Napier Port announces the final price of its initial public offer (IPO) at $2.60 per share which is at the top of the indicative price range. More >>