Latest Business Headlines [Page 5]
Consumers subsidise ultra fast broadband rollout
Wednesday, 7 August 2013, 3:51 pm | Consumer NZ
Consumers will not benefit from lower prices for their copper broadband services under proposals announced today by the Government to overrule the independent regulator's draft pricing. More >>
Workplace health & safety
Wednesday, 7 August 2013, 3:39 pm | Duncan Cotterill
Stephanie Grieve, a health and safety specialist lawyer at Duncan Cotterill, is urging all businesses – large or small – to scrutinize their workplace health and safety systems. This is in light of the Working Safer reforms, announced by the Government ... More >>
Next steps for Health and Safety shake up could go further
Wednesday, 7 August 2013, 3:38 pm | Employers And Manufacturers Association
While welcome, some areas of the new health and safety law guidelines for Worksafe New Zealand could go further, says Paul Jarvie, Manager of Health and Safety for the Employers and Manufacturers Association. More >>
Earthquake building policy faulted
Wednesday, 7 August 2013, 2:31 pm | Business New Zealand
Changes to the earthquake-prone buildings policy announced today do not adequately address the concerns of business and local communities, says BusinessNZ. More >>
PriceMe Launches v2 iPhone App in time for Xmas Shopping
Wednesday, 7 August 2013, 2:29 pm | www.priceme.co.nz
Finding deals and shopping information on the run, on the couch or in-store has never been easier. Popular NZ comparison shopping site PriceMe has re-launched its iPhone shopping app with loads of new user-friendly features and a fresh new look. More >>
Pita Pit Official Sponsorship Partner For Netball NZ
Wednesday, 7 August 2013, 2:25 pm | Joint Press Release
Pita Pit is the new nutrition partner for Netball NZ and the Silver Ferns. Pita Pit offers a healthy eating choice that is part of the nutrition plan of the Silver Ferns on the go. More >>
Error in Telco review – InternetNZ, Consumer, TUANZ
Wednesday, 7 August 2013, 2:18 pm | InternetNZ
InternetNZ (Internet New Zealand Inc), TUANZ and Consumer say the government is confused by the European Union’s approach to telco policy pricing and is using a draft statement by the EU instead of the finished report. More >>
Webb’s Facebook Only Auction Platform:No Reserve 1ct Diamond
Wednesday, 7 August 2013, 1:59 pm | Webb's
New Zealand art auction house Webb’s is auctioning a no reserve 1ct diamond via the Facebook-only auction app BuddyBid – an app co-founded by Webb’s managing director Neil Campbell. More >>
Partners increase Partners Life business growth capacity
Wednesday, 7 August 2013, 1:53 pm | Partners Life
Partners Life Limited is delighted to announce the addition of Berkshire Hathaway and PartnerRe as retrocessionnaires to the SCOR reinsurance treaty. The introduction of Berkshire Hathaway and PartnerRe further increases SCOR’s capacity to provide ... More >>
New App Tames Tax Pain
Wednesday, 7 August 2013, 1:46 pm | Tax Management New Zealand
Paying your provisional tax is now easier than ever with the new Pay My Tax app from the tax innovators, Tax Management New Zealand (TMNZ). More >>
Gen-i and Flexera Software help maximise software investment
Wednesday, 7 August 2013, 1:41 pm | gen-i
Gen-i has today announced a new partnership to bring Flexera Software’s FlexNet Manager Suite to the New Zealand market, embedded within Gen-i’s Licensing Assurance Services (LAS.) This partnership makes Gen-i a Managed Service Provider for Flexera ... More >>
Entré serves up hundreds of possibilities for App Industry
Wednesday, 7 August 2013, 1:38 pm | Entre
New Zealand’s up and coming App industry has inspired over 300 entries in entré’s latest entrepreneurial endeavour at the University of Canterbury. Over the past four weeks students have been encouraged to enter a competition aimed at producing exciting ... More >>
Fonterra fined $900k for role in fixing prices in China
Wednesday, 7 August 2013, 1:38 pm | BusinessDesk
Fonterra fined $900k for role in fixing prices in China, says rivals face bigger penalties More >>
Conclusion of NDRC investigation
Wednesday, 7 August 2013, 1:35 pm | Fonterra
Fonterra Co-operative Group today confirmed it has been issued with an administrative fine of approximately NZD 900,000 (RMB 4.47 million) following the conclusion of the China National Development and Reform Commission (NDRC) review of pricing practices ... More >>
Philips phases out trade range of incandescent bulbs in NZ
Wednesday, 7 August 2013, 1:31 pm | Royal Philips
Auckland, New Zealand – Royal Philips (NYSE: PHG, AEX: PHIA) has announced it will phase-out the supply of its trade range of incandescent Softone bulbs to its New Zealand electrical wholesalers from October 1. Philips is the first lighting company ... More >>
NZ lack of wage inflation points to rates staying low
Wednesday, 7 August 2013, 1:29 pm | BusinessDesk
NZ unemployment edges up in Q2, lack of wage inflation points to interest rates remaining on hold More >>
Don’t be ostentatious on holiday
Wednesday, 7 August 2013, 1:28 pm | Southern Cross Travel Insurance
Many Kiwis are making themselves targets for theft by wearing ostentatious jewellery abroad says Southern Cross Travel Insurance (SCTI). ”Snatch and grab” thieves used to be limited to the poorer parts of the world. More >>
Relationships key to International Business Success
Wednesday, 7 August 2013, 12:53 pm | DesignA Electronics
Investing in relationship building is a well-known key ingredient to business, but one that is essential for international business success says Colin Hogg, General Manager of DesignA Electronics in Christchurch. More >>
Kiwi Formula Maker’s Sales Spike in Wake of Crisis
Wednesday, 7 August 2013, 12:45 pm | Impact PR
A New Zealand owned infant formula manufacturer sold 26,000 tins of its formula in one day of trading as Kiwi supermarkets rushed to refill shelves left vacant by recalled product yesterday. More >>
Market Update – GoldCore - Gold Price Retreats
Wednesday, 7 August 2013, 12:39 pm | GoldCore
Gold is now down for the 5th straight trading day breaking below the psychological $1,300/oz and was not helped by the release of better than expected U.S. non manufacturing data. More >>
EDS welcomes appointment of new Director-General
Wednesday, 7 August 2013, 12:39 pm | Environmental Defence Society
The Chairman of the Environmental Defence Society, Gary Taylor, has welcomed the appointment today by the State Services Commission of a new Director-General of Conservation. More >>
HP Helps Government Council Boost Employee Productivity
Wednesday, 7 August 2013, 12:21 pm | Acumen Republic
HP today announced that Northland Regional Council (NRC), a New Zealand government agency, has selected HP Converged Infrastructure to improve employee productivity by increasing the performance, scalability and efficiency of its virtualised IT environment. More >>
Tower shares fall to 2-month low on licensing requirements
Wednesday, 7 August 2013, 12:14 pm | BusinessDesk
Tower shares fall to 2-month low as licensing requirements may weigh on capital returns More >>
BNZ – Nine Rewards Consumer Trends Survey
Wednesday, 7 August 2013, 12:14 pm | Tony Alexander Weekly Overview
Consumer spending intentions in late-June were broadly consistent with a month earlier with above average spending levels planned. More >>
Biological Farming promoted- World Hindu Economic Conference
Wednesday, 7 August 2013, 12:09 pm | Hindu Council of New Zealand
The World Hindu Economic Forum (WHEF) is organising its 2nd conference with the theme “Strengthening Economy, Shaping Future”, on August 10-11, 2013 at Bangkok, Thailand. More >>
Precious Peg Signs Exclusive Online Deal with Karen Walker
Wednesday, 7 August 2013, 11:51 am | Precious Peg
August 7 2013: Two-and-a half-years after launching their luxury online fashion retail business, Precious Peg, young Queenstown entrepreneurs Lani Arnott and Sonia Ross are celebrating a significant milestone with the signing of an exclusive deal with ... More >>
Lifting the Lid on a Dietary Staple with a Fresh Twist
Wednesday, 7 August 2013, 11:44 am | Heinz Watties
- Wattie’s Legumes in Spring Water Have the Tick Wattie’s is launching a dietary staple with real longevity – legumes. They’re said to be the first domesticated plants in the ‘new world’, appearing before 6000 B.C. Keeping pace with modern ... More >>
Abano shares climb to 4-month high on prospect of takeover
Wednesday, 7 August 2013, 11:30 am | BusinessDesk
Aug 7 (BusinessDesk) - Shares in Abano Healthcare climbed to a four-month high after the specialty health clinic investor said it had batted away an unsolicited proposal from an unnamed party alongside director Peter Hutson, and now faces a potential ... More >>
Buyers Attention Turns to the South Island Sale
Wednesday, 7 August 2013, 11:27 am | NZ Bloodstock
New Zealand Bloodstock’s South Island Sale of Two-Year-Olds & Mixed Bloodstock is nearly upon us, with 82 catalogued lots assembled for sale at Canterbury Agricultural Park in Christchurch, commencing at 12pm on Friday 9 August. South Island Sale cover ... More >>
Health and Safety Report glosses over Education and Training
Wednesday, 7 August 2013, 11:13 am | Industry Training Federation of New Zealand
Industry Training Federation Chief Executive Mark Oldershaw says the glaring gap in the government’s workplace health and safety announcement today is training and educating workers. More >>
NZ unemployment rate rises to 6.4% in 2Q
Wednesday, 7 August 2013, 10:55 am | BusinessDesk
Aug 7 (BusinessDesk) – New Zealand’s unemployment rate rose more than expected in the second quarter while the participation rate increased, with little evidence of wage inflation. More >>
Chorus shares jump, but still wary on copper pricing split
Wednesday, 7 August 2013, 10:55 am | BusinessDesk
Aug 7 (BusinessDesk) - Shares of telecommunications infrastructure owner Chorus bounced 5.9 percent when trading opened on the NZX this morning after Communications Minister Amy Adams announced a new way forward on the vexed issue of regulated pricing for ... More >>
NZD battles through its tarnished 'dirty pipe' dairy finding
Wednesday, 7 August 2013, 10:54 am | CMC Markets
New Zealand dollar crosses have experienced a tumultuous couple of trading days, suffering incredible angst in the aftermath of the ‘dirty pipe’ scandal in which tainted milk powder exports invoked botulism scares worldwide. More >>
Vietnam puts Fonterra whey protein under scrutiny, no ban
Wednesday, 7 August 2013, 9:38 am | BusinessDesk
Aug 7 (BusinessDesk) - Vietnam has put checks in place to ensure the quality of dairy products using whey protein concentrate made by Fonterra Cooperative Group and has recalled affected products, but hasn’t implemented an outright ban on imports from ... More >>
Auckland Council awarded 3.5 star NABERSNZ energy rating
Wednesday, 7 August 2013, 9:24 am | EECA
Auckland Council’s Graham Street Service Centre has been awarded 3.5 stars for energy use under NABERSNZ™, the new office building energy measurement and rating scheme. More >>
Mother Nature keeps the Kiwi insurance industry on its toes
Wednesday, 7 August 2013, 9:09 am | PricewaterhouseCoopers
Like most New Zealanders, the threat of natural disasters and more earthquakes are on the minds of our nation’s insurers, closely followed by reputational risk, and strategic and operational priorities. More >>
Abano faces takeover bid after rejecting unsolicited offer
Wednesday, 7 August 2013, 8:54 am | BusinessDesk
Aug 7 (BusinessDesk) - Abano Healthcare, which last week reported a 75 percent jump in annual profit, faces a takeover bid after turning down an offer north of its current $100.2 million market price from an unnamed party alongside director Peter Hutson. More >>
NZ dollar gains after Fonterra dairy auction eases fears
Wednesday, 7 August 2013, 8:51 am | BusinessDesk
Aug 7 (BusinessDesk) – The New Zealand dollar recovered more ground as fears of weaker exports and lower payouts to farmers receded following a food contamination scare at Fonterra Cooperative Group, the nation’s largest company. More >>
Adams gives nod for copper prices to underpin fibre
Wednesday, 7 August 2013, 8:13 am | BusinessDesk
Aug 7 (BusinessDesk) - The government is proposing to cut through the regulatory mire over price-setting for fast broadband services by using the prices tendered by participants in its ultra-fast broadband rollout project instead of complex international ... More >>
While you were sleeping: September taper back in focus
Wednesday, 7 August 2013, 7:37 am | BusinessDesk
Aug 7 (BusinessDesk) – Wall Street fell a second day after two other US Federal Reserve officials suggested the central bank could begin easing its bond-buying program next month. More >>
Dairy product prices fall 2.4% in GDT auction
Wednesday, 7 August 2013, 7:25 am | BusinessDesk
Aug. 7 (BusinessDesk) - Prices of dairy products fell in the latest GlobalDairyTrade auction, while the volume sold jumped to a record, suggesting little if any reaction to Fonterra Cooperative Group’s whey protein contamination scare. More >>
One of South Island’s Favourite Daughters Returns
Tuesday, 6 August 2013, 7:11 pm | NZ Bloodstock
The upcoming New Zealand Bloodstock South Island Sale of Two-Year-Olds and Mixed Bloodstock in Christchurch is the annual harvest for South Island Breeders. To be held this Friday 9 August it has attracted a small but select catalogue. More >>
Postie Plus mulls capital-raising, debt cut
Tuesday, 6 August 2013, 6:22 pm | BusinessDesk
Aug. 6 (BusinessDesk) – Postie Plus Group, the retailer that breached bank covenants earlier this year, said it is mulling ways to raise capital to repay debt in the face of continued disappointing sales. More >>
Fonterra satisfied it met disclosure rules over food scare
Tuesday, 6 August 2013, 5:58 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Fonterra Cooperative Group, New Zealand’s biggest company, is confident it met the general disclosure rules required of a public issuer over the food contamination scare. More >>
MARKET CLOSE: NZ shares fall; Diligent restates accounts
Tuesday, 6 August 2013, 5:57 pm | BusinessDesk
Aug 6 (BusinessDesk) – New Zealand shares fell, as Diligent Board Member Services led most tech stocks lower after saying it would restate three years of revenue, delaying its second-quarter results. Fonterra Shareholders’ Fund rebounded in heavy ... More >>
Mike Pero Real Estate appoints Josephine Kinsella as GM, NZ
Tuesday, 6 August 2013, 5:16 pm | Mike Pero Real Estate
Josephine has a strong background in the real estate industry for the past 8 1/2 years and prior to this, has held development and management roles in the aviation and hospitality industries. She has successfully operated her own real estate brand ... More >>
NZ dollar pares gain vs. Aust after RBA cuts key rate
Tuesday, 6 August 2013, 5:16 pm | BusinessDesk
NZ dollar pares gain vs. Aust after RBA cuts key rate to 2.5 percent More >>
Australia’s central bank cuts key rate to 2.5 percent
Tuesday, 6 August 2013, 4:59 pm | BusinessDesk
Aug 6 (BusinessDesk) – The Reserve Bank of Australia cut its cash rate by a quarter point to 2.5 percent as expected, matching its New Zealand counterpart’s official cash rate for the first time in more than four years and lifting the relative appeal ... More >>
Cecilia Robinson in Ernst & Young Entrepreneur of the Year
Tuesday, 6 August 2013, 3:10 pm | Cecilia Robinson
Au Pair Link founder Cecilia Robinson has been announced as a finalist in 2013 Ernst & Young’s Entrepreneur of the Year Award. Cecilia founded Au Pair Link in 2006 and subsequently spearheaded the launch of the hugely successful My Food Bag. More >>
A reminder to construction companies to stick to the basics
Tuesday, 6 August 2013, 3:10 pm | University of Canterbury
A University of Canterbury (UC) business lecturer is warning contracting companies that they should stick to the basics, even when the industry appears to be entering a boom period. More >>
Z expands its ability to keep its customers and people safe
Tuesday, 6 August 2013, 3:08 pm | Z Energy
Z is trialling an invisible liquid “DNA” that they hope will deter would-be robbers, making sites even safer for service station staff and customers. Z will be the first service station in New Zealand to use the SelectaDNA Spray technology which it is ... More >>
Fuel Refunds Made Easy
Tuesday, 6 August 2013, 2:58 pm | Catalyst Fuel Refunds
Can you claim a fuel refund? Worse than leaving your bowser tap leaking! Need the oil on claiming petrol tax refunds? Catalyst Fuel Refunds www.fuelrefunds.co.nz can help. More >>
NZ wedding businesses gay friendly or not?
Tuesday, 6 August 2013, 2:52 pm | Sam Sex Wedding Directory
The Same Sex Wedding Directory has built momentum of late as New Zealand businesses begin to accept same sex marriage. Law changes coming into effect on August 19 legalising same sex marriage in New Zealand has drawn a mixed response from wedding businesses ... More >>
Manpower Group Selected Secured Signing
Tuesday, 6 August 2013, 2:34 pm | Secured Signing
Secured Signing, the leading digital signature SaaS solution, enables the Manpower Group in Australia and New Zealand to save time in the registration process by employing advanced paperless recruitment practices. More >>
Property For Industry seen expensive, cut to sell at Craigs
Tuesday, 6 August 2013, 2:33 pm | BusinessDesk
Aug 6 (BusinessDesk) – Property For Industry, whose shares have gained 14 percent this year, is looking expensive compared to its peers, according to brokerage Craigs Investment Partners which cut its recommendation to ‘sell’ from ‘hold’. More >>
High Praise for Kapiti-Horowhenua Businesses
Tuesday, 6 August 2013, 2:18 pm | Business Kapiti Horowhenua Inc
Customers are using superlatives to describe the performance of some Kapiti-Horowhenua retail and service businesses. The comments have been made while lodging the more than eighteen hundred votes that have so far been cast in the first ever Customer ... More >>
Mark Powell and Sir Stephen Tindall on Q + A - TV One
Tuesday, 6 August 2013, 2:14 pm | TV One
Sir Stephen Tindall, founder and director of The Warehouse, has given his backing to Australian companies moving parts of their operations to New Zealand, despite the fact those companies are moving to NZ because our costs are lower, including ... More >>
RebuildChristchurch.co.nz Partners to Promote Job Vacancies
Tuesday, 6 August 2013, 2:12 pm | Rebuild Christchurch
Rebuild Christchurch and Tradestaff have joined forces to promote job vacancies on the popular Christchurch website www.rebuildchristchurch.co.nz. Rebuild Christchurch Jobs launches today and helps users of the Rebuild Christchurch website to find employment ... More >>
Outsourcing Marketing Network Boosts Auckland Team
Tuesday, 6 August 2013, 1:59 pm | Volom
VOLOM, the company making big marketing ideas and resources a possibility for more than just big business enterprises, is growing its nationwide team with the appointment of senior marketing professional Brian Scott. More >>
Closing salary expectation gap between candidates/employers
Tuesday, 6 August 2013, 1:57 pm | Hays
Despite a conservative salary outlook, more than one in five (23 per cent) candidates in New Zealand expects to receive a salary increase of more than 6 per cent in the current pay review period yet only 4 per cent of New Zealand employers plan to offer ... More >>
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