Most Read | Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Latest Business Headlines

Russell McVeagh Assists On Fisher Funds' Acquisition Of Kiwi Wealth

Tuesday, 16 August 2022, 4:05 pm | Russell McVeagh

Leading law firm Russell McVeagh is pleased to have assisted Fisher Funds on its purchase of Kiwi Wealth for NZ$310 million, coming soon after working with the same team on the acquisition of Aon's KiwiSaver and superannuation schemes. Announced ... More >>

Cream Rises To The Top In Dairy Property Sector

Tuesday, 16 August 2022, 2:44 pm | Bayleys

The latest Bayleys’ Rural Market Update for the dairy sector compiled by its Insights & Data team points to buyer confidence, buoyant demand, and a positive outlook for the 12 months ahead on the back of strong long-run milk prices and global demand ... More >>

Kordia Makes The Move Into The New CDC Data Centre

Tuesday, 16 August 2022, 2:31 pm | Kordia

Kordia, one of the anchor Telco partners of the new CDC data centres, has also become one of the first businesses to move live production data into the new hyperscale data centres. “The state-of-the-art CDC data centres present a significant step ... More >>

Can Your Hotel Help Save The Planet? Yes, It Can!

Tuesday, 16 August 2022, 12:56 pm | STAAH

Climate change, pollution and loss of biodiversity are set to destroy the earth according to the United Nations. Humans may have caused this emergency, but still have the power to reverse it. From individuals to local and national governments, ... More >>

MATES In Construction Signs First Local Government Partnership

Tuesday, 16 August 2022, 11:56 am | MATES in Construction

Whanganui District Council has signed up to a partnership with MATES in Construction (MATES), for training and support services to promote mental health and suicide awareness among construction workers. MATES will work alongside Whanganui District Council ... More >>

Red Is The New White, Pink Persists & Sparkling Shines

Tuesday, 16 August 2022, 11:45 am | New World Wine Awards

While Sauv and Pinot still have our heart, it appears Kiwi wine lovers are starting to explore new styles and become more adventurous in their tastes. There have been some notable shifts in the entries to this year’s New World Wine Awards, which ... More >>

Perceptive Unveils Annual ‘State Of The Investor Nation’ Report For Kiwi Wealth

Tuesday, 16 August 2022, 11:41 am | Perceptive

New Zealand’s leading research agency, Perceptive, has released its latest ‘State of the Investor Nation’ report for Kiwi Wealth. The report is in its fifth year, looking at the perceptions of wealth and approaches to wealth creation of all New ... More >>

New Provisions Come Into Force Tackling Unfair Business Practices

Tuesday, 16 August 2022, 11:33 am | Commerce Commission

Changes to the Fair Trading Act take effect today strengthening protections for businesses and consumers and tackling unfair business practices in Aotearoa New Zealand. Commerce Commission Chair Anna Rawlings says the changes include the addition of ... More >>

ASB Research Finds Young Kiwis 19 Per Cent More Likely To Live Paycheck-to-paycheck

Tuesday, 16 August 2022, 11:26 am | ASB Bank

ASB’s latest Financial Wellbeing research has found many young New Zealanders aged 18 -24 are struggling to balance day-to-day living costs and want support to build good money habits.  The bank’s analysis looked at the spending and ... More >>

New Zealand Ports Tackle Noisy Vessels

Tuesday, 16 August 2022, 11:01 am | Port Nelson Ltd

New Zealand ports are collaborating to tackle noise generated from vessels. Specifically, Safeen Prime, a vessel contracted by ANL. Due to recent shipping challenges, ANL contracted Safeen Prime to increase cargo capacity. The vessel is scheduled to visit ... More >>

Big Business Commits To Taking Bolder Action On E-waste As Government Considers Legislation

Tuesday, 16 August 2022, 10:54 am | Quadrent

PwC New Zealand and Bell Gully are amongst big businesses who have committed to help tackle New Zealand’s significant e-waste issue through an innovative partnership with leasing specialists Quadrent and BNZ that is set to reduce e-waste entering ... More >>

FMA Makes Interim Stop Order And Warns Public About Wisdom House Investment Partners Limited And Yuen Pok Loo

Tuesday, 16 August 2022, 10:05 am | Financial Markets Authority

The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko has made an interim stop order that applies to Wisdom House Investment Partners Limited and Yuen Pok (Paul) Loo , to prohibit them from: distributing any restricted communication that ... More >>

Formula 1 Heineken Australian Grand Prix 2022 Harnesses New Zealand Blockchain CENNZnet For Innovative Fan Experiencecen

Tuesday, 16 August 2022, 10:02 am | CENNZnet

Thousands of fan accounts opened and token packs purchased to unlock unique experiences and rewards CENNZnet , New Zealand’s largest public blockchain and decentralised applications platform, was employed by Power’d Digital to deliver the Formula 1 ... More >>

Flight Centre Releases Captain’s Package To Help Kiwis Avoid Travel Chaos

Tuesday, 16 August 2022, 9:57 am | Flight Centre

As the news circulates around cancelled flights and airport delays due to limited staffing, New Zealand’s largest travel agency Flight Centre NZ is releasing its Captain’s Package to help Kiwis avoid travel chaos and have a trouble-free holiday. ... More >>

Who Are The Best Broadband, Power And Mobile Businesses In New Zealand? NZ Compare Awards 2022 - Call For Entries

Tuesday, 16 August 2022, 6:10 am | NZ Compare

Recognising excellence, leadership and innovation in the New Zealand utility sectors, the NZ Compare Awards are back for the 6th year and in response to consumer demand, the organisers have introduced MOBILE Awards for the first time. 2021 saw the NZ ... More >>

It's Now Illegal To Ignore 'Do Not Knock' Stickers

Tuesday, 16 August 2022, 6:08 am | Consumer NZ

Changes to the Fair Trading Act, which come into force today, mean door-to-door traders who ignore a ‘Do Not Knock’ sticker risk fines of up to $30,000. In addition to imposing fines, the courts can also order the cancellation or variation of a sales ... More >>

Westpac Economic Overview, August 2022 – Pushing Through

Tuesday, 16 August 2022, 5:21 am | Westpac New Zealand

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview . “An overstimulated economy in the wake of the Covid shock has led to the most serious bout of inflation ... More >>

New Scholarship Provides Support For Rising Stars Of Tauranga’s Property And Business Sector

Monday, 15 August 2022, 6:49 pm | Urban Task Force

TAURANGA, 15 August 2022: Local property and business industry advocates, Urban Task Force for Tauranga (UTF) are today announcing the establishment of a Leader Development Scholarship to encourage, support and retain skilled young businesspeople ... More >>

Call For Entries And Nominations To The Pacific Business Awards 2022

Monday, 15 August 2022, 3:33 pm | Pacific Business Trust

2022 will see the return of the biennial Pacific Business Awards hosted by Pacific Business Trust (PBT). The prestigious awards recognise Pacific entrepreneurs' success and achievements and celebrate those leading the way in innovation and business. ... More >>

Greenfern Remains NZ’s Only Toitū Net Carbonzero Medicinal Cannabis Company, Recertified Again

Monday, 15 August 2022, 3:16 pm | Greenfern Industries

Greenfern Industries continues to lead the way both locally and internationally, having been certified a Toitū net carbonzero organisation for the second year in a row. The certification means Greenfern remains New Zealand’s only Toitū net ... More >>

AA Insurance CEO Chris Curtin To Retire In December 2022

Monday, 15 August 2022, 2:24 pm | AA Insurance

After 28 years at the helm of AA Insurance, Chief Executive Chris Curtin is set to retire at the end of 2022, concluding nearly three decades of exceptional service. Under Mr Curtin’s leadership, AA Insurance has grown from a start-up venture, to ... More >>

Pōkeno Whisky Launches With Trio Of Bold, Creative New Zealand Single Malts

Monday, 15 August 2022, 2:17 pm | Pokeno Whiskey

Five years since the first foundations were placed for its state-of-the-art distillery, we’re delighted to have the honour of sharing one of NZ’s best-kept secrets today by introducing the first New Zealand single malts from the Pōkeno Whisky Company. ... More >>

Salut, Commercial Bay! Origine Opens Doors Next Week

Monday, 15 August 2022, 2:14 pm | Origine

Origine bistro opens its doors this week, adding a beautifully appointed and well-honed offering to Auckland’s lively downtown precinct. A modern French bistro with a relaxed New Zealand atmosphere, Origine is owned and operated by acclaimed chef and ... More >>

Motorola Solutions Acquires Barrett Communications, A Global Provider Of Specialised Radio Communications

Monday, 15 August 2022, 1:34 pm | Motorola Solutions

PERTH – Aug. 15, 2022 – Motorola Solutions (NYSE: MSI) today announced it has acquired Barrett Communications, a global provider of specialised radio communications trusted by customers in civil security, border security, coast guard and additional ... More >>

New Zealand’s Pipfruit Industry Gathers In August For National Conference

Monday, 15 August 2022, 12:50 pm | NZ Apples and Pears Inc

More than 250 growers, suppliers, industry leaders and government officials from around the country will gather at the Rutherford Hotel in Nelson for the 2022 NZ Apples and Pears Inc (NZAPI) Conference. The Conference will be held on Thursday ... More >>

Mortgage Investment Opportunities For Wholesale Investors Shift To The Regions

Monday, 15 August 2022, 12:42 pm | Alpha First Mortgage Investments

As property development projects in the urban centres slow dramatically, Director of Alpha First Mortgage Investments Scott Massey says this has created new lending opportunities in the regions. “Alpha First’s total mortgage investment portfolio ... More >>

Chapman Tripp Assists On Sale Of Kiwi Wealth Business To Fisher Funds

Monday, 15 August 2022, 12:10 pm | Chapman Tripp

Chapman Tripp is pleased to have advised Kiwi Group Holdings Limited (KGHL) on the sale of Kiwi Wealth to Fisher Funds for NZ$310 million. Under the terms of the deal, which is conditional on approval by the Overseas Investment Office, the acquisition ... More >>

Green Data; Great For Business And Environment

Monday, 15 August 2022, 11:52 am | T4 Group

Reducing carbon footprint and a focus on green credentials is providing flow on effects to clients of national data centre network provider T4 Group, helping to offset their overall carbon footprint. Established in 2021, T4 Group provides regional ... More >>

Fisher Funds Acquires Kiwi Wealth Business

Monday, 15 August 2022, 10:42 am | Kiwi Group Holdings

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million. Under the terms of the deal, the acquisition will see the Kiwi Wealth business integrated into Fisher Funds over time. Fisher Funds will also ... More >>

Call For Kiwis To Earn While They Learn In Healthcare Support Work

Monday, 15 August 2022, 10:40 am | Enliven

One of New Zealand’s leading home support health and disability providers, Enliven Northern, is calling on Kiwis to join the healthcare sector and start earning while they learn a rewarding career as a support worker. The call is part of a drive to ... More >>

Businesses At Boiling Point

Monday, 15 August 2022, 10:28 am | Auckland Business Chamber

Businesses, battered by wage, fuel, and supply chain cost hikes and no solution to the skills shortage are increasing their prices to ease increasing pressure on their revenues and profitability, the Auckland Business Chamber’s new confidence ... More >>

RBNZ Survey: 82% Of Experts Believe Inflation Has Hit Is Peak

Monday, 15 August 2022, 6:56 am | Finder

News highlights: 45% of panellists expect inflation to fall to 6% or lower by the end of 2022 4 in 5 say better career opportunities abroad is the main driver of brain drain in the labour market All economists predict the OCR to increase in August to ... More >>

Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

Monday, 15 August 2022, 6:53 am | Bell Gully

A new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses, according ... More >>

Habitat Hotels & Apartments Buys Hotel DeBrett Auckland

Friday, 12 August 2022, 5:37 pm | Habitat Hotels

Hotel DeBrett New Zealand owned and operated Habitat Hotels & Apartments announces the purchase of Hotel DeBrett Auckland on 1 September 2022. Originally opened as Auckland’s first hotel in 1841 and named The Commercial Hotel, today, ... More >>

Pegasus Appoints Chair Designate

Friday, 12 August 2022, 4:37 pm | Pegasus Health

Experienced Canterbury Director, Barry Bragg, has been appointed as the chair designate of Pegasus Health (Charitable) Ltd. Mr Bragg will take up the position following the Board’s Annual General Meeting (AGM) in December, when current Chair, Peter ... More >>

Property Council Celebrates A Strong Step Towards Unlocking Build To Rent Housing

Friday, 12 August 2022, 2:18 pm | Property Council Of New Zealand

Today’s announcement could mark a key turning point towards unlocking the potential of Build to Rent, says Property Council New Zealand Chief Executive Leonie Freeman. The Property Council, whose members are some of New Zealand’s largest property ... More >>

Foodstuffs Stores Hold Grocery Price Increases Below FPI For Third Consecutive Month

Friday, 12 August 2022, 1:07 pm | Foodstuffs Limited

In their third monthly update, grocery stores in the Foodstuffs co-operatives have held food price increases below inflation for the third consecutive month, despite the latest Stats NZ Food Price Index (FPI) showing food price inflation rising again ... More >>

Auckland Cruises Back Into Tourism Market

Friday, 12 August 2022, 11:30 am | Joint Press Release

The return of cruise liners to New Zealand ports has been heralded with celebrations in Auckland harbour today. <img src="https://img.scoop.co.nz/stories/images/2208/df7bbbe4d0a8803d0234.jpeg" width="540" height="720"> The Pacific Explorer docked ... More >>

Interislander Celebrates 60 Years Of Connecting Aotearoa New Zealand

Friday, 12 August 2022, 11:02 am | Interislander

Interislander is celebrating 60 years of holiday memories, whānau trips, school camps, freight deliveries, stormy seas and sunny days. On 13 August 1962, the first passengers boarded Aramoana to sail to Waitohi Picton on the purpose-built ferry. ... More >>

Cruise Returns To NZ Waters

Friday, 12 August 2022, 10:53 am | NZ Cruise Association

Today is a momentous occasion for the New Zealand cruise industry as the first cruise ship since March 2020, the Pacific Explorer, arrives in Auckland. “We can expect once again to see an increased vibrancy in downtown as passengers come ashore ready ... More >>

Overall Consumer Credit Demand Decline Continues, With Credit Card Demand Showing Signs Of Recovery

Friday, 12 August 2022, 10:50 am | Equifax

Equifax NZ Quarterly Consumer Credit Demand Index: July Quarter 2022 Overall consumer credit demand reduced by -23.6 % (vs June qtr 2022) Mortgage demand reduced by -37.1% (vs June qtr 2022) Unsecured credit demand down -18.3% (vs June qtr 2022) Overall ... More >>

Food Prices Increase 7.4 Percent Annually

Friday, 12 August 2022, 10:44 am | Statistics New Zealand

Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today. In July 2022, the annual increase was due to rises across all the broad food categories that we measure. Compared with July 2021: grocery food prices ... More >>

Skipper Sentenced For Watch-keeping Failings

Friday, 12 August 2022, 10:41 am | Maritime New Zealand

A failure to keep watch has been identified as the reason a vessel ran aground at a sentencing at the Nelson District Court this week. (subs: Friday, Aug 12) Skipper Tony Phillipson has been sentenced under the Maritime Transport Act, after the Mistral ... More >>

Foodstuffs Extends Rolled Back Pricing On Key Products And Introduces New Initiatives To Help Customers Find Value

Friday, 12 August 2022, 10:06 am | Foodstuffs NZ

The Foodstuffs cooperatives are extending their rolled back pricing on key products to early 2021 levels for a further three months at PAK’nSAVE, New World and Four Square, as well as introducing new everyday low pricing initiatives to help New Zealanders ... More >>

Money Week Sparks Hundreds Of Questions From Kiwis

Friday, 12 August 2022, 9:33 am | Money Week

Do you know how to make a budget, whether you should get a will, or how much money you need to retire comfortably? These are just a few of hundreds of questions that Kiwis want answers to this Money Week. In celebration of the annual awareness campaign, ... More >>

Tāmaki Makaurau Welcomes Return Of Cruise

Friday, 12 August 2022, 8:53 am | Auckland Unlimited

The first cruise ship in two and a half years will today receive a warm welcome to Tāmaki Makaurau Auckland including a tugboat water salute, special offers from downtown businesses, and more. Mayor Phil Goff says it will be great for Auckland ... More >>

Retail NZ Welcomes Return Of Cruise Ships

Friday, 12 August 2022, 7:06 am | Retail NZ

Retail NZ has welcomed the return of cruise ships to New Zealand for the first time since COVID-19. “Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific ... More >>

Marlborough Lines Seeking Strategic Partner In Yealands Wine Group To Accelerate Growth & A Zero Carbon Future

Thursday, 11 August 2022, 6:02 pm | Marlborough Lines

· Marlborough Lines is seeking a strategic partner for its wholly-owned subsidiary Yealands Wine Group to further pursue opportunities in renewable energy and electrification as part of its ‘Energise Marlborough’ strategy · A divestment of part of Yealands ... More >>

Marlborough Lines Seeking Strategic Partner In Yealands Wine Group To Accelerate Growth & A Zero Carbon Future

Thursday, 11 August 2022, 6:02 pm | Marlborough Lines

· Marlborough Lines is seeking a strategic partner for its wholly-owned subsidiary Yealands Wine Group to further pursue opportunities in renewable energy and electrification as part of its ‘Energise Marlborough’ strategy · A divestment of part of Yealands ... More >>

Unions Heartened By Progress Of Screen Industry Bill

Thursday, 11 August 2022, 5:18 pm | NZCTU

A Bill designed to protect working people in the screen industry received widespread union support before its second reading at Parliament today. The New Zealand Council of Trade Unions, the New Zealand Writers Guild, the Directors and Editors Guild of ... More >>

New Zealand Needs To Get Pay Gaps 'Sorted'

Thursday, 11 August 2022, 5:14 pm | MindTheGap NZ

New Zealand needs to get ‘sorted’ on their pay gap reporting according to the MindTheGap campaign. Campaign founders are applauding Te Ara Ahunga Ora Retirement Commission’s Sorted Money Week this week which focuses on asking questions about ... More >>

Your Rights If Your Air New Zealand Flight Is Rescheduled

Thursday, 11 August 2022, 1:39 pm | Consumer NZ

Air New Zealand has announced today it will be operating a reduced schedule, meaning flight changes are in the pipeline for many passengers already booked to fly. However, Consumer NZ is concerned Air New Zealand’s announcement omits important information ... More >>

Regions Holding Up Relatively Well On Real Estate Front

Thursday, 11 August 2022, 1:06 pm | Century 21 Real Estate

“Many regions remain up on last year which is the best news out of the latest real estate figures. It’s also promising that first-home buyers are returning to the market, but more should be enabled to get on the property ladder,” says Tim ... More >>

Trustees Executors CEO Urges Investors To Be Wary Of ‘pump-and Dump’ Crypto Schemes Promoted By Celebrities

Thursday, 11 August 2022, 11:24 am | Trustees Executors

Investors are being urged to be wary of potentially misleading cryptocurrency offers as the popular digital asset class suffers a big drop in prices. More >>

Border Crossings Lift Again

Thursday, 11 August 2022, 11:01 am | Statistics New Zealand

Border crossings continued to increase in June 2022, reaching the highest for any month since border and travel restrictions were introduced in March 2020, Stats NZ said today. There were 420,200 border crossings in June 2022 made up of 206,000 arrivals ... More >>

REINZ July Data: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

Thursday, 11 August 2022, 10:11 am | REINZ

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip, according to the latest data and insights from the ... More >>

Award Category Will Shine A Light On Workplace Diversity And Inclusion In Te Tai Tokerau

Thursday, 11 August 2022, 10:09 am | Northland Business Awards

Entries are open until 16 September 2022 for the Te Mana Oranga Trust Workplace Diversity and Inclusion award category for this year’s NorthChamber Northland Business Excellence Awards. Kamo-based Sunshine Homes won the category award last year. Sunshine ... More >>

Unique Insurance Scheme Supports Kiwis As Risk Of Landslides Increases

Thursday, 11 August 2022, 9:39 am | Earthquake Commission

More New Zealand home owners are scrambling for their insurance documents as the country is increasingly battered by severe weather events. Storms, floods, landslides and tornadoes have damaged land, infrastructure and homes in all corners of the country, ... More >>

Air New Zealand Plans Ahead For A Smoother Summer

Thursday, 11 August 2022, 9:27 am | Air New Zealand

Air New Zealand is taking proactive measures to protect the travel plans of its customers as sickness levels continue to cause disruption. Over the next six months, the airline will operate a slightly reduced schedule of 1.5 percent fewer seats than ... More >>

Disney's Streaming Endgame: Will ‘Pam & Tommy’ Appear Next To ‘Lilo & Stitch’? [Parrot Analytics]

Thursday, 11 August 2022, 6:51 am | Parrot Analytics

The Walt Disney Company rounds out a media earnings season on Wednesday that can charitably be described as ‘mixed.’  Netflix played the expectations game well and its stock seems to have bottomed out for now, but is still down roughly ... More >>