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Latest Business Headlines

Government's tourism levy illegal

Tuesday, 28 January 2020, 12:04 pm | NZ Association for Migration and Investment

The New Zealand Association for Migration and Investment (NZAMI) says the Government’s $35 tourist levy is an illegal charge and the system needs to change. More >>

STAAH Reveals the Top Online Channels for 2019

Tuesday, 28 January 2020, 11:44 am | STAAH

[Auckland, 28th January 2020]: STAAH recently announced its annual list of online channels (OTAs) that have helped drive the highest room nights to accommodation providers around the world in 2019. More >>

Using job transitions data as a labour market indicator

Tuesday, 28 January 2020, 10:57 am | Reserve Bank

The Reserve Bank of New Zealand (RBNZ) is now mandated to support the maximum sustainable level of employment. This new objective has lead us to look for new sources of data that allow us to better understand and predict labour market outcomes. More >>

Plant Based Fakeaway Tipped to Be Top Food Trend This Summer

Tuesday, 28 January 2020, 10:35 am | gardein

Increasing choice at supermarkets means Kiwis are recreating their favourite takeaways at home – even fish and chips! More >>

Fullers backs decision not to operate in unsafe conditions

Tuesday, 28 January 2020, 10:15 am | Fullers

Fullers360 CEO Mike Horne says the company will not compromise on the health and safety of its customers and people, in response to criticism for the decision to cancel services when cruise ships are thrusting in the harbour. More >>

Guide to Mortgages Aims to Tackle Homeownership Hinderances

Tuesday, 28 January 2020, 10:13 am | Opes Partners

Much of the NZ media wrings its hands at what appears to be the inability for young first home buyers to become first homeowners. More >>

Interest rate benchmark reform

Tuesday, 28 January 2020, 10:00 am | Reserve Bank

The Reserve Bank of New Zealand supports the selection of the Official Cash Rate (OCR) as New Zealand’s fall-back benchmark interest rate. More >>

Newmarket Benefits from a Busy Spending Spree

Tuesday, 28 January 2020, 9:58 am | Newmarket Business Association

Newmarket, 28 January 2020 – Newmarket has today released Paymark data for the December 2019 quarter, revealing some impressive financial results for the precinct. More >>

One million Air New Zealand domestic fares go for under $50

Tuesday, 28 January 2020, 9:55 am | Air New Zealand

Air New Zealand has sold more than one million domestic fares for under $50 since it overhauled its domestic pricing structure a year ago. More >>

Foodstuffs to install NZ's largest array of solar panels

Tuesday, 28 January 2020, 9:24 am | Foodstuffs Limited

Foodstuffs North Island (FSNI) will install the largest array of solar panels in the country, on the roof of its Distribution Centre currently under construction at the Landing Business Park near Auckland airport. A contract has been awarded to ... More >>

New law means wheel clampers can’t charge more than $100

Tuesday, 28 January 2020, 9:14 am | Consumer NZ

The Automobile Association (AA) and Consumer NZ are advising motorists that if their vehicle is wheel clamped, they should not be charged more than $100 to release the clamp. A recent amendment to the Land Transport Act, which took effect in January, ... More >>

Airlines ramp up domestic air fares

Tuesday, 28 January 2020, 9:08 am | NZ Airports

Domestic air fares leapt in the last three months of 2019 and will cost passengers an extra $165 million for a full year. More >>

Dated beachfront campground cited for development potential

Tuesday, 28 January 2020, 8:57 am | Bayleys

A long-running ‘Kiwiana-style’ beachfront camp ground and caravan park has been placed on the market for sale – with suggestions the site could be redeveloped into an upmarket holiday accommodation destination. More >>

New-build investment-grade units at Wanaka’s lakeside resort

Tuesday, 28 January 2020, 8:48 am | Bayleys

Ten new units being constructed to increase the accommodation pool within one of New Zealand’s most consistently high-performing boutique hotels and resort lodges have been placed on the market for sale. More >>

Un-cents-ible: One in three Kiwis don't set a budget

Tuesday, 28 January 2020, 8:38 am | Finder

A recent Finder survey of 2,225 New Zealanders revealed that only half (52%) of the adult population have prepared a budget in the last 12 months. More >>

Big decrease in emissions from new vehicles

Tuesday, 28 January 2020, 8:29 am | Motor Industry Association

Average greenhouse gas emissions from new vehicles sold last year have dropped at a significantly faster rate than in the previous five years. More >>

XE Morning Update January 28, 2019

Tuesday, 28 January 2020, 8:23 am | XE Morning Update

The NZDUSD opens at 0.6551 (mid-rate) this morning. More >>

Colman Sells Capital Letter

Monday, 27 January 2020, 6:27 pm | Freeman Media

Well-known businessman and publisher Barry Colman has sold his last publication to Freeman Media. More >>

Entries open for PINZ Awards

Monday, 27 January 2020, 3:07 pm | Federated Farmers

Entries are now open for the national Primary Industries New Zealand Awards. More >>

Household labour force survey population reweight

Monday, 27 January 2020, 10:58 am | Statistics New Zealand

Household labour force survey reweight, September 2013–September 2019 quarters outlines the effect of subnational population estimate revisions on the Household labour force survey (HLFS) for the September 2013–September 2019 quarters. More >>

Justin Lester, ex Wellington Mayor, joins Simplicity

Monday, 27 January 2020, 10:07 am | Simplicity

Simplicity, NZ’s fastest-growing KiwiSaver plan, today announced a new addition to its growing team. More >>

Central NZ business confidence improves prior to Christmas

Monday, 27 January 2020, 8:34 am | Business Central

Businesses' expectations on New Zealand's economic outlook improved ahead of the 2019 Christmas break, according to a survey by the Wellington Regional Chambers of Commerce and Business Central. More >>

The "Twin Threats" Facing Big Oil

Sunday, 26 January 2020, 12:10 pm | Oilprice.com

The global oil and gas industry is facing the "twin threats" of the loss of profitability and the loss of social acceptability as the climate crisis continues to worsen. The industry is not adequately responding to either of those threats, ... More >>

Global technology heavy-weight backs Kiwi automated checkout

Saturday, 25 January 2020, 12:47 pm | IMAGR

Shoppers are one step closer to skipping checkout queues forever with New Zealand technology start-up IMAGR raising $14m NZD in its pre-series A funding round. More >>

First log train runs on Wairoa line

Saturday, 25 January 2020, 12:36 pm | KiwiRail

Regular log trains will begin running between Wairoa and Napier Port on Sunday (January 26) following completion of the new log yard in Wairoa. More >>

Locally run builders guarantee launched

Saturday, 25 January 2020, 12:35 pm | Builtin New Zealand

Press Release: Locally run builders guarantee launched just as global insurer withdraws from New Zealand market Date: 24/01/20 More >>

Double cruise visit to Port Nelson

Friday, 24 January 2020, 5:22 pm | Port Nelson Ltd

In a first for the region, Nelson will see the arrival of two simultaneous cruise ships on Sunday 26 January. Between the two vessels, the Regent Seven Seas Voyager and the Maasdam of the Holland America Line, they will bring over 1800 high value ... More >>

Annual rent movement highest in 11 years

Friday, 24 January 2020, 4:17 pm | NZ Property Investors Federation

“High rental price increases should not come as a shock to anyone”, says Andrew King, Executive Officer of the NZ Property Investors’ Federation (NZPIF). “While Statistics NZ has pointed to the Healthy Homes legislation, this is only one change ... More >>

Dilworth Trust Board appoints first CEO

Friday, 24 January 2020, 2:03 pm | Dilworth School

Ewen Anderson Mr Anderson will join the Trust Board, one of New Zealand’s largest charities that provides the funding to support Dilworth School, on 16 March. More >>

Air New Zealand update on Auckland Airport runway closure

Friday, 24 January 2020, 1:18 pm | Air New Zealand

The closure of Auckland Airport’s runway this afternoon has impacted a number of Air New Zealand’s regional services. As a result, six turboprop aircraft due to arrive at Auckland Airport have diverted to either Tauranga, Rotorua or Hamilton ... More >>

Acknowledging the departure of a highly-respected leader

Friday, 24 January 2020, 1:10 pm | Skills Active

After nearly 10 years as chief executive of Skills Active Aotearoa, Dr Grant Davidson will be leaving in February 2020. More >>

REINZ reminds property managers & landlords of heating reqs

Friday, 24 January 2020, 1:07 pm | Real Estate Institute Of New Zealand

There currently seems to be confusion amongst tenants, landlords and property managers of the heating requirements in the “limbo period” since the insulation standards came into effect last year and when the new Healthy Homes Standards come into effect ... More >>

New proposal on WTO agricultural subsidies reform welcomed

Friday, 24 January 2020, 11:37 am | Dairy Companies Association of New Zealand

A proposal by the Cairns Group of major agriculture exporting countries for further reforms to the rules around WTO agricultural subsidies is being welcomed by the Dairy Companies Association of New Zealand (DCANZ). The proposal, announced by the Cairns ... More >>

Kiwi inflation is running stronger than expected

Friday, 24 January 2020, 11:20 am | Kiwibank

Today’s inflation release showed a solid 0.5%qoq gain to end 2019, taking the annual run rate to 1.9%. We had forecast a 0.3%qoq gain (1.7%yoy), and consensus was a touch higher at 0.4% (1.8%). But, more importantly, the print came in slightly above the ... More >>

Challenging Times Continue For Retailers

Friday, 24 January 2020, 10:56 am | Retail NZ

The latest Retail NZ Retail Radar Report shows that despite the busy Black Friday, Christmas and Boxing Day sales periods, a significant number of retailers did not hit their sales targets for the quarter ended 31 December. “While strong sales ... More >>

Higher airfares and rents boost inflation

Friday, 24 January 2020, 10:45 am | Statistics New Zealand

The consumers price index (CPI) rose 0.5 percent in the December 2019 quarter due to rising prices for both international and domestic airfares, rent, and petrol, Stats NZ said today. More >>

Wood Processing Mill Closures in New Zealand

Friday, 24 January 2020, 10:13 am | Wood Processors and Manufacturers Association

The WPMA deeply regrets the announcement of intent of closure of another wood processing mill in New Zealand and the loss of yet more jobs in the regions. The government is fully aware that the demise of wood processing firms is being caused by a highly ... More >>

December a record-breaking month for Whanganui retailers

Friday, 24 January 2020, 10:01 am | Whanganui and Partners

Local retailers had a record-breaking Christmas season, with consumers spending $57.5 million in Whanganui last December. More >>

XE Morning Update January 24, 2019

Friday, 24 January 2020, 9:56 am | XE Morning Update

The Kiwi opens at 0.6595 More >>

Affordable energy storage lacking

Friday, 24 January 2020, 9:49 am | Business NZ

BusinessNZ Energy Council executive director Tina Schirr welcomes the release of the World Energy Council’s (WEC) Innovation Insights Brief - Five Steps to Energy Storage . More >>

Just Imagine: Learning to soar on the current of change

Friday, 24 January 2020, 9:01 am | Aurecon

In Aurecon’s latest Just Imagine blog post, Aurecon CEO William ‘Bill’ Cox argues that today’s leaders face the biggest challenge of leading organisations and businesses in times of change and disruption. If they want to thrive in the future, ... More >>

Substantial Increase in First Half NPAT* for Oceania

Friday, 24 January 2020, 8:54 am | Oceania Healthcare

Oceania Healthcare, Aged Care and Retirement Village Operator and Developer, announced today an unaudited half year underlying net profit after tax* of $24.1 million for the six months ending 30 November 2019, a substantial 17.6% ($3.6 million) increase ... More >>

Open Letter Calling on Government to Honour Election Promise

Friday, 24 January 2020, 8:40 am | Forestry and Wood Processing Industry

Chief executives from over fifty companies representing over ten thousand employees have signed an open letter calling on the government to honour its commitment to implement its promised Wood Procurement policy for government buildings. More >>

PriceSpy data suggests Kiwis are moving with the time

Friday, 24 January 2020, 8:33 am | PriceSpy

According to historical click data from PriceSpy , the shopping category for smart watches has already increased in popularity in 2020, receiving almost 70 per cent (68 per cent) more clicks in January 2020 compared to January 2019*. Rather impressively, ... More >>

Kiwi oat milk producer takes Kiwi oats to the world

Thursday, 23 January 2020, 4:28 pm | Otis Oat Milk

New Zealand’s first homegrown oat milk producer Otis Oat Milk has announced ambitious expansion plans in response to surging demand for its homegrown oat milk. Launched nine months ago, Otis is currently sold in 150 cafes throughout New Zealand. This ... More >>

Nozomi Networks Earns Leadership Ranking in Frost Radar

Thursday, 23 January 2020, 2:42 pm | Nozomi Networks

AUCKLAND, January 23, 2020 — Nozomi Networks Inc. , the leader in OT and IoT security, has been recognised by Frost & Sullivan as the market leader in its Frost Radar: 2019 Growth, Innovation & Leadership report*. Strictly reserved for “market leaders ... More >>

Consumer NZ’s claims show lack of understanding

Thursday, 23 January 2020, 2:20 pm | Financial Advice New Zealand

A claim by Consumer NZ that financial advisers suggest clients look at new life insurance policies just so they can boost their commissions is sensationalist and shows a total lack of understanding of how the sector works, says Financial Advice ... More >>

Cannasouth appoints experienced new CFO

Thursday, 23 January 2020, 12:52 pm | Cannasouth

New Zealand’s only NZX listed medicinal cannabis company Cannasouth has appointed Colin Foster as the company’s new Chief Financial Officer. More >>

Applications open for new Consumer Council Chair

Thursday, 23 January 2020, 11:01 am | MidCentral District Health Board

Individuals with provenleadership ability who have a passion for the health of our communities are being encouraged to apply to become the new chair of the MidCentral DHB Consumer Council. More >>

Chamber thanks Lance Walker

Thursday, 23 January 2020, 10:54 am | Business Central

The resignation of Lance Walker as WellingtonNZ Chief Executive will be a disappointment to those in the business community, says John Milford, Chief Executive of the Wellington Chamber of Commerce. More >>

Rugby World Cup boosts travel to Japan

Thursday, 23 January 2020, 10:46 am | Statistics New Zealand

The Rugby World Cup in Japan boosted trips home by New Zealand residents in November 2019, Stats NZ said today. More >>

Massive logistics behind transporting Karaka 2020 horses

Thursday, 23 January 2020, 10:23 am | Road Transport Forum

More than 1,000 of New Zealand’s finest thoroughbred yearlings will be trucked in and out of the Karaka 2020 sales over the next week in a massive logistics operation, Road Transport Forum (RTF) chief executive Nick Leggett says. More >>

Stakeholder-centric leadership linked to strong performance

Thursday, 23 January 2020, 10:15 am | Accenture

DAVOS, Switzerland; Jan. 20, 2020 – A new research study from the World Economic Forum in collaboration with Accenture (NYSE: ACN) has identified five elements at the heart of a new model of responsible leadership for an era of stakeholder capitalism ... More >>

Want to retire before 65?

Thursday, 23 January 2020, 10:13 am | Kiwi Wealth

Conventional wisdom holds that we work until the age of 65, at which point we can retire, receive NZ Super and access the funds we have invested in our KiwiSaver accounts. But what if we wanted to retire early? “Retiring before the age of 65 might sound ... More >>

Diet and “detox” teas pulled from sale

Thursday, 23 January 2020, 9:29 am | Consumer

Several brands of diet and “detox” tea have been withdrawn from sale after Consumer NZ found they contained a pharmacy-only medicine . More >>

Chapman Tripp Advises Infrared Capital Partners

Thursday, 23 January 2020, 9:23 am | Chapman Tripp

InfraRed Capital Partners has sold its 40% interest in the Public Private Partnership ( PPP ) at Auckland South Corrections Facility ( ASCF ) to the AMP Capital Community Infrastructure Fund. The transaction is the first secondary PPP transaction in New ... More >>

Mercury Quarterly Operational Update

Thursday, 23 January 2020, 9:16 am | Mercury Energy

Mercury maintained a prudent approach to risk management in Q2-FY2020, decreasing hydro generation by 74GWh compared to the same quarter last year resulting in a strong hydro storage position in the approach to the third quarter; historically the lowest ... More >>

WPP AUNZ strengthens its MarTech offer with acquisition

Thursday, 23 January 2020, 9:09 am | Inspired Kindergartens

Sydney January 23, 2020: WPP AUNZ has further bolstered its suite of digital solutions for the New Zealand market, announcing the acquisition of Dominion. Jens Monsees CEO WPP AUNZ said: “Acquiring Dominion supports our strategy of combining technology ... More >>

Gull Celebrates Start To The New Work Year with Discount Day

Thursday, 23 January 2020, 8:58 am | Gull New Zealand

To celebrate the return of most Kiwis back to a New Work Year, Gull New Zealand is offering a 10 cent per litre discount, the Discount Day will apply to all Gull’s fuel types across the company’s entire network from 7:00am on Thursday 23 January ... More >>

Air New Zealand using computer vision AI

Thursday, 23 January 2020, 8:41 am | Air New Zealand

Air New Zealand is trialling the latest in computer vision artificial intelligence (AI) in its search for innovative ways to continually improve aircraft turn times and better on-time performance. The new technology, made available through a partnership ... More >>