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Latest Business Headlines

A Sad End For Virgin NZ

Saturday, 4 April 2020, 6:24 pm | E Tu

E tū members are hugely disappointed that Virgin Australia has decided to shut up shop in New Zealand quickly, bringing a tight knit workforce to an abrupt end. The company emailed staff last night, telling them a shutdown was effective immediately. ... More >>

Mortgage Holidays: What You Need To Know

Saturday, 4 April 2020, 9:13 am | Consumer NZ

Banks have begun taking applications for mortgage holidays from consumers affected by Covid-19. We answer your questions, and look at the pros and cons of deferring mortgage repayments. What is a mortgage holiday? A mortgage holiday lets you temporarily ... More >>

Suggestion That Operators Benefiting From Current Crisis; Insulting, Says BCA

Saturday, 4 April 2020, 7:57 am | Bus and Coach Association

The Bus and Coach Association is dumbfounded by the suggestion of one union organisation that bus companies would be ‘double dipping’ on the COVID-19 wage subsidy scheme. The fact is that bus and coach operators have been hit hard by the economic lockdown ... More >>

Skin Elements Enters Agreement With Holista Colltech To Launch All Natural Skin-Friendly Sanitiser

Saturday, 4 April 2020, 7:36 am | ACN Newswire

Australian-listed companies Skin Elements Limited (ASX: SKN) ('Skin Elements') and Holista Colltech Limited (ASX:HCT) ('Holista') announced today a Binding Collaboration Term Sheet (Agreement) to launch a natural alcohol-free hand sanitiser that combines ... More >>

Charter Flight Arranged By Chimu Adventures Brings Stranded Kiwis Home From South America

Friday, 3 April 2020, 4:48 pm | Chimu Adventures

Auckland 3rdnd April 2020, Chimu Adventures is pleased to announce that on 3rd April 2020 at 0630 local time, a LATAM aircraft chartered by Chimu Adventures landed in Sydney carrying 136 Australians and 8 New Zealanders. The New Zealanders onboard ... More >>

First Air New Zealand Repatriation Flight Takes Off For Frankfurt

Friday, 3 April 2020, 4:39 pm | Air New Zealand

The first of several flights Air New Zealand is operating for the German Government to repatriate stranded German nationals has departed Auckland International Airport. An Air New Zealand Boeing 777-300 departed Auckland at 4.30pm for Frankfurt via Vancouver ... More >>

Intueri Shareholders Seek Summary Judgment

Friday, 3 April 2020, 4:31 pm | Adina Thorn

Former shareholders of Intueri Education Group Limited have today filed legal proceedings in the Auckland High Court against some of the former directors of the company and the promoters of its initial public offering in April 2014: Australian-listed company, ... More >>

New Zealand’s Apple And Pear Harvest Continues Under Strict Rules

Friday, 3 April 2020, 4:05 pm | New Zealand Apples and Pears

Like many other horticulture sectors, the 2020 harvest of New Zealand’s apple, pear and nashi crop is well underway, with more than 14,000 workers harvesting around 600,000 tonnes of fruit destined for domestic and global consumers, and for processing. ... More >>

Northpower Fibre Waives Fibre Wholesale Costs For Student Households Without Broadband

Friday, 3 April 2020, 3:54 pm | Northpower

Northpower Fibre will waive its monthly wholesale connection charges for families with school-aged children living in homes without broadband connectivity on its ultra-fast fibre network. The waiver will be in place for six months says Northpower Fibre Chief ... More >>

The True Cost Of Cheap Hosting

Friday, 3 April 2020, 2:53 pm | 1768degrees.com

Web hosting is important for your website. Full stop. To have a better grasp of what this means, here's a simple explanation: Your website is like a house, and before you even start building your home, you need to find a nice piece of land for your ... More >>

Managing Your Risk When You Need It Most: Five Important Questions Kiwis Are Asking

Friday, 3 April 2020, 1:27 pm | Financial Services Council

The last few weeks has seen our day to day lives turned upside down as Covid-19 has gone from a distant news headline to the new norm for all of us. Richard Klipin, Chief Executive of the Financial Services Council, said “There’s no denying that ... More >>

Kiwi Households Could Lose $10,000 Of Yearly Income From Covid-19 Lockdown, New Report Says

Friday, 3 April 2020, 1:21 pm | The New Zealand Initiative

Wellington, 3 April - If New Zealand can’t recover from the economic “heart attack” of self-imposed lockdown, it could face GDP losses at Great Depression levels, according to a New Zealand Initiative research note. While the Covid-19 pandemic ... More >>

Free Web Series To Help Businesses Get Through

Friday, 3 April 2020, 12:27 pm | EMA

The EMA in partnership with ATEED and the Regional Business Partner Network has this week launched a free web series to help all businesses get through the COVID-19 pandemic and beyond. The combination of videos and live webinars this week featured ... More >>

QBE Announces Measures To Support SME Customers Impacted By Covid-19

Friday, 3 April 2020, 11:57 am | QBE

QBE Insurance (QBE) today announced measures to support small and medium business (SME) customers in Australia and New Zealand impacted by COVID-19. The announcement follows industry-wide discussion and regulatory approval for the initiatives from More >>

New Zealanders rely on internet and phones to stay connected

Friday, 3 April 2020, 10:43 am | Vodafone

We’re continuing to see significant increases in calls and data on the Vodafone networks as we head into the second weekend of level 4 lockdown. More >>

Concision OSM House Wins Timber Design Award

Friday, 3 April 2020, 10:24 am | Concision

A house built by Concision off-site manufacturing has won the Engineered Wood Products Innovation Award at the Wood Process and Manufacturers Association (WPMA) and NZ Wood Resene Timber Design Awards. The innovative 90m2 3-bedroom prefabricated house ... More >>

Union Calls On Minister To Reset Forestry Industry

Friday, 3 April 2020, 10:03 am | AWUNZ

Maurice Davis, AWUNZ National Secretary and Union leader says; “Shane Jones says he is the regional saviour. He must urgently introduce forestry export quotas and regulation to prevent a foreign driven forest obliteration.” “He needs to inform ... More >>

Consult Recruitment Acquire IT Recruitment Agency Halo Consulting

Friday, 3 April 2020, 9:56 am | Consult Recruitment

Recruitment firm Consult Recruitment are delighted to announce they have successfully acquired Halo Consulting effective 31 March 2020. This transaction puts the combined organisation as the most significant player in the New Zealand professional recruitment More >>

Mitre 10 Launched Essential Goods Offering Online

Friday, 3 April 2020, 9:47 am | Mitre 10

Mitre 10 (New Zealand) Ltd launches its online home delivery service for essential goods this morning: https://www.mitre10.co.nz/shop/essentials . The curated range available online is a core offering fitting the government’s definition of essential ... More >>

Russell McVeagh Promotes Property & Construction Expert To Partner

Friday, 3 April 2020, 9:31 am | Russell McVeagh

Property and construction expert Caleb Hensman has joined the Russell McVeagh partnership. Caleb started at the firm as a solicitor in 2011, and following a stint overseas, progressed to the role of senior solicitor in June 2015 and senior associate in December ... More >>

80 Percent Of NZ Trainers And Exercise Facilities Operating Online

Friday, 3 April 2020, 9:04 am | Make Lemonade

Eighty 80 percent of trainers and exercise facilities in New Zealand are now operating online during the coronavirus lockdown, ExerciseNZ chief executive Richard Beddie estimates. Some clubs have comprehensive systems such as Les Mills and CityFitness ... More >>

The Effect Of The Covid-19 Regulations On Landlords

Friday, 3 April 2020, 9:02 am | NZPIF

The NZ Property Investors Federation (NZPIF) has just organised the first of a series of surveys of rental property owners and property managers to see how they are being affected by the Covid-19 lock down. There were 621 respondents in this first survey. ... More >>

Central NZ Business Confidence Plummets Amid COVID-19 Shutdown

Friday, 3 April 2020, 8:22 am | Business Central

Business confidence has plummeted to record lows, according to a survey by the Wellington Regional Chambers of Commerce and Business Central. "This is not unexpected given the current COVID-19 situation. Overall, central New Zealand business expectations ... More >>

TNB Aura Launches Special Situations Fund, Backing Tech Startups With US$2M Each

Friday, 3 April 2020, 7:45 am | ACN Newswire

WHO declared COVID-19 a pandemic, its message balancing the inevitability of the virus' global ramifications, with the observation that governments, businesses, and individuals still possess the critical ability to alter the outbreak's trajectory. ... More >>

March New Vehicle Sales Savaged Due To Impact Of Covid-19

Friday, 3 April 2020, 7:17 am | Motor Industry Association

Motor Industry Association Chief Executive David Crawford says that March 2020 registrations are down 37.3% (4,954 units) compared to the same month last year, with 8,317 new vehicles registered compared to March 2019 with 13,271 registrations. “The month ... More >>

Bauer Media Group Discontinues Its Publishing Business In New Zealand

Thursday, 2 April 2020, 8:01 pm | Bauer Media

Auckland, April 2, 2020 – Bauer Media Group today announced its intention to close its publishing business in New Zealand due to the severe economic impact of Covid-19. The closure brings to an end many decades of publishing in New Zealand and affects ... More >>

Making Sense Of It All: Part II – COVID-19, The Economy, And Property

Thursday, 2 April 2020, 5:46 pm | CoreLogic NZ Ltd

On 18th March, we wrote an article covering ten key points to be aware of in relation to COVID-19, the economy, and the property market. That article proved very popular, and given how much has changed in the past two weeks, it’s now necessary to provide ... More >>

Nutanix Appoints Lee Thompson As New A/NZ Managing Director

Thursday, 2 April 2020, 2:47 pm | Nutanix

Cloud Veteran to Drive Enterprise and Commercial Growth as New Era of Technology Emerges Nutanix , a leader in enterprise cloud computing, today announced the appointment of Lee Thompson as Managing Director of Nutanix Australia and New Zealand (A/NZ). ... More >>

Enable Set To Deliver Fibre Broadband To Digitally Excluded Christchurch School Children

Thursday, 2 April 2020, 2:39 pm | Enable Networks

Christchurch fibre broadband network provider, Enable, has offered to provide a free wholesale fibre broadband service into every home it can where there is a school student currently unable to access the internet. “We are ready to liven up every ... More >>

NZ Telecommunications Forum Provides A Q&A On Connectivity During Covid-19

Thursday, 2 April 2020, 2:35 pm | NZ Telecommunications Forum - TCF

Telecommunications is essential infrastructure at any time, but it is especially top of mind during the current Covid-19 lockdown. Many New Zealanders will be asking themselves if they have the best connection for their needs during this time. It’s ... More >>

Will You Ever Go To A Traditional Property Auction Again?

Thursday, 2 April 2020, 2:29 pm | Proppy

With the New Zealand now at level 4 it has stopped the $1.7billion dollar residential property industry in its tracks, or has it? There are currently 30,781 houses for sale on Trademe but no open homes available and the removal of selling by auction ... More >>

Supreme Court Upholds Commission Win In Hamilton Real Estate Cartel Case

Thursday, 2 April 2020, 2:24 pm | Commerce Commission

The Supreme Court has upheld a Court of Appeal judgment which found Hamilton-based Lodge Real Estate and Monarch Real Estate and their directors engaged in price-fixing in breach of the Commerce Act. “This is an important decision from the Supreme ... More >>

Keeping Your Technology Germ Free

Thursday, 2 April 2020, 2:22 pm | Computer Recycling

How to protect your devices and yourself from harmful bacteria and germs. Electronic devices have a major presence in our everyday lives. Smartphones being the most common, Headphones, Laptops and PC’s are examples of devices you may use every day. Though ... More >>

Top 10 Finalists Announced In Hnry Awards

Thursday, 2 April 2020, 2:10 pm | Hnry

  Acclaimed FinTech company Hnry has announced ten finalists for the inaugural Hnry Awards - an open competition aiming to recognise independent creative talent in New Zealand. Hnry has decided to press ahead with the awards at a time when the ... More >>

Subway® New Zealand Donates 17 Tonnes Of Fresh Food To Support Kiwis In Need

Thursday, 2 April 2020, 2:03 pm | Subway

Subway New Zealand restaurants have donated more than 17 tonnes of fresh produce, including tomatoes, lettuce, capsicums and carrots, to KiwiHarvest and other local food charities in a bid to help sustain some of the community’s most vulnerable ... More >>

FIRST Union Condemns Fletcher Attempt To Underpay Workers

Thursday, 2 April 2020, 1:44 pm | FIRST Union

Fletcher Building’s attempt to underpay workers during the lockdown by proposing progressive reductions in income over the twelve weeks of the Government’s subsidy is appalling behaviour from a major employer and represents the worst kind of wage ... More >>

Message To Fletchers – Don’t Cut Pay!

Thursday, 2 April 2020, 1:40 pm | E Tu

E tū members at Fletcher Building Ltd are not satisfied with the company’s announcement that they intend to cut pay by up to 70%, while top executives keep earning megabucks. Last night, the company sent a letter to all employees outlining their proposal which ... More >>

Natural Gas Keeping The Lights On For New Zealand

Thursday, 2 April 2020, 1:06 pm | PEPANZ

New Zealand’s natural gas industry is continuing production through the nation-wide shutdown providing critical energy including electricity to homes, hospitals and essential services. "It’s very reassuring that natural gas is still flowing ... More >>

Auckland Property Market Went Into Lockdown On Record High

Thursday, 2 April 2020, 1:04 pm | Barfoot and Thompson

The Auckland residential property market was in full recovery mode before being stopped in its tracks by the Covid-19 lock down. “Confidence in Auckland property was high in February and the first weeks of March, and new listings, sales numbers ... More >>

Steps Now Businesses Must Take To Take Advantage Of The Upturn That Will Come Post COVID-19

Thursday, 2 April 2020, 12:23 pm | 1768degrees.com

The coronavirus disease or also known “COVID-19”, is no doubt disrupting the usual routine of everyday lives, not just here in New Zealand but of all humans on this planet. With the increasing number of cases, community quarantine has forced ... More >>

Metering Installations Where Certifications Expire

Thursday, 2 April 2020, 11:23 am | Electricity Authority

The COVID-19 response has made it difficult for approved test houses and metering equipment providers to maintain the certification of metering installations. If certifications for grid exit point or grid connected generation metering are due to expire and cannot ... More >>

Commission Grants Clearance For T&G Application To Acquire Freshmax

Thursday, 2 April 2020, 9:56 am | Commerce Commission

The Commerce Commission has granted clearance for Turners & Growers Fresh Limited to acquire 100% of the shares in Freshmax NZ Limited. In reaching its decision, the Commission considered the potential impact of the proposed acquisition on competition ... More >>

Important Changes To The Ambit Business

Thursday, 2 April 2020, 9:53 am | Ambit

Ambit would like to announce the appointment of Tim Warren to the position of CEO. Tim, co-founder (along with Gareth Cronin and Josh Comrie), most recently held the position of Chief Operating Officer, and has an extensive background in leading teams ... More >>

Longer-term Funding To Support Business Lending

Thursday, 2 April 2020, 9:39 am | Reserve Bank

The Reserve Bank is introducing a Term Lending Facility (TLF), a new longer-term funding scheme for the banking system, in support of the Government’s Business Finance Guarantee Scheme to help promote lending to businesses. The TLF is similar ... More >>

Daily broadband usage moves to weekend levels

Thursday, 2 April 2020, 8:15 am | Spark

As New Zealanders adapt to their ‘new normal’, Spark’s network has seen a shift to a ‘7-day weekend’ – where broadband usage volumes during the week now resemble usage volumes over the weekend pre-COVID-19, and weekend peak usage is elevated further ... More >>

Kiwibank Ready To Support Businesses Impacted By Covid-19

Wednesday, 1 April 2020, 7:40 pm | Kiwibank

Kiwibank says it is ready to support businesses financially impacted by Covid-19 following today’s announcement that New Zealand banks will offer $6.25 billion in guaranteed loans to eligible businesses, in an agreement reached with the Government. ... More >>

Westpac NZ Launches Business Support Loans

Wednesday, 1 April 2020, 5:27 pm | Westpac

Westpac NZ business customers disrupted by Covid-19 will be able to access lending through new Business Support Loans. The loans are being offered as part of the Government-backed Business Finance Guarantee Scheme, which allows banks to provide loans of up to $500,000 ... More >>

ASB Strengthens Support Measures To Help More Businesses

Wednesday, 1 April 2020, 5:25 pm | ASB Bank

ASB has further increased its range of support measures for Kiwi business customers impacted by the economic effects of Coronavirus (COVID-19), by participating in the Government's Business Finance Guarantee Scheme. ASB's eligible business customers ... More >>

$6.25 Billion In New Lending Available To Covid-19 Affected Businesses

Wednesday, 1 April 2020, 5:22 pm | New Zealand Bankers' Association

New Zealand’s banks are offering up to a total of $6.25 billion in guaranteed loans to businesses financially impacted by Covid-19. Eligible businesses can apply to their bank for new lending under the scheme from today. “Businesses are at the ... More >>

Digital Marketing How To Get Your New Zealand Business To Survive The Covid-19 Pandemic

Wednesday, 1 April 2020, 5:05 pm | 1768degrees.com

It’s hard to anticipate what’s on the horizon at the start of a global pandemic. There’s obviously fear and panic across businesses, people in general are scared. This is a terrible time for everyone on the planet, especially those most vulnerable. ... More >>

Web Design: 5 Signs That Say You Need A Website Redesign

Wednesday, 1 April 2020, 4:49 pm | 1768degrees.com

Most business owners are meticulous about the quality of their products and services. Cultivating great customer service and quality is one of the main ways you can stand out from a competitor. Same thing goes with your company website. To build a successful ... More >>

IrrigationNZ Endorses The Government’s Plan To Urgently Progress Infrastructure Projects

Wednesday, 1 April 2020, 3:43 pm | Irrigation NZ

IrrigationNZ endorses the Government’s plan to urgently progress infrastructure projects including water – following COVID-19 IrrigationNZ supports the Government’s decision to ready infrastructure projects for construction following a return to ... More >>

Kiwis Encouraged To Shop It Forward To Help Small Businesses

Wednesday, 1 April 2020, 3:03 pm | Shop It Forward

Small businessman Adam Blackwell wants to rally New Zealanders around small businesses impacted by the recent lockdowns. "People often forget that 97% of businesses in New Zealand employ 20 or fewer people," says Blackwell. "That means ... More >>

Independent Property Advisory Firm Launches A Zero-contact Full Property Valuation Solution

Wednesday, 1 April 2020, 3:00 pm | Opteon

New Zealand and Australia’s largest independent property advisory firm Opteon has responded quickly to the COVID-19 pandemic, launching a zero-contact virtual property valuation solution for the New Zealand market that enables lenders to continue ... More >>

Maker2u Is A Lifeline For Small Food And Beverage Producers During Covid-19.

Wednesday, 1 April 2020, 2:54 pm | Maker2U

Maker2u, the online farmers market, which launched on Monday the 23rd March, is providing much needed new sales to artisan food and beverage producers that have had other sales channels collapse with Covid-19. The farmers market now has 220 stores ... More >>

Dechra Seeks Clearance To Acquire Osurina From Elanco

Wednesday, 1 April 2020, 2:44 pm | Commerce Commission

The Commission has received a clearance application from Dechra Pharmaceuticals PLC, Dechra Limited and Dechra Veterinary Products LLC seeking clearance to acquire from Elanco Tiergesundheit AG its worldwide assets, rights and liabilities relating ... More >>

50,000 Free Wholesale Broadband Connections

Wednesday, 1 April 2020, 2:17 pm | InternetNZ

Jordan Carter, Chief Executive, InternetNZ: InternetNZ is pleased to see Chorus, ISPs, and the Government working together to find solutions to increasing digital inclusion during the COVID-19 pandemic lockdown. It’s now more important than ever ... More >>

PMI And PSI Surveys Postponed

Wednesday, 1 April 2020, 2:16 pm | BusinessNZ

Unfortunately, the March Business NZ-BNZ PMI and PSI will not be produced. In deference to our business community, which is currently under unprecedented stress, we have decided that conducting these surveys at this time would be inappropriate. Similarly, ... More >>

Award-winning cheesemaker shares recipe for success

Wednesday, 1 April 2020, 2:13 pm | Northland Inc

The reputation of Whangārei’s Grinning Gecko Cheese Company continues to soar after picking up a massive 11 medals at this year’s New Zealand Cheese Competition. This adds to its highly impressive track record of international and national awards ... More >>

Workers Celebrate Minimum Wage Increase

Wednesday, 1 April 2020, 1:05 pm | E Tu

About a quarter of a million Kiwi workers will get a much-needed pay rise today, as the Government’s scheduled minimum wage increase comes into effect. The minimum wage has gone up from $17.70 to $18.90 an hour, giving our lowest paid and often ... More >>