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Latest Business Headlines

Tourism Package Helps Industry Get Back To Business

Saturday, 21 May 2022, 1:25 pm | Tourism Industry Aotearoa

Tourism Industry Aotearoa says Government funding announced in the Budget, with more support today from Tourism Minister Stuart Nash, will help the transition towards the tourism industry’s new normal.  TIA says the new $54.2 million Innovation ... More >>

Ryman Reports Audited Full Year Underlying Profit Of $255.0 Million

Saturday, 21 May 2022, 1:19 pm | Ryman Healthcare

Key points: Audited underlying profit $255.0 million, up 13.6% Audited reported (IFRS) profit increased 63.8% to $692.9 million. Final dividend of 13.6 cents per share, taking the full year dividend to 22.4 cents, or 43.9% of underlying profit ... More >>

Dr David Kerr To Retire From Ryman Healthcare Board

Saturday, 21 May 2022, 1:17 pm | Ryman Healthcare

Dr David Kerr has announced he will retire from the Board of Ryman Healthcare and will not be standing for re-election when his term expires at its Annual General Meeting to be held in July 2022. Dr Kerr has continued on the board for a transition ... More >>

Ryman Healthcare Plans New Village In Rolleston

Saturday, 21 May 2022, 1:15 pm | Ryman Healthcare

New $205 million village will free up homes and boost the Canterbury economy Ryman Healthcare is planning to build a new $205 million retirement village in the fast-growing town of Rolleston on the outskirts of Christchurch. The new village in Rolleston’s ... More >>

Ryman Healthcare Buys Retirement Village Site In Melbourne’s North

Saturday, 21 May 2022, 1:14 pm | Ryman Healthcare

New $350 million retirement village planned for Coburg North Ryman Healthcare is planning to build a $350 million retirement village in Coburg North in Melbourne. The New Zealand-listed company plans to transform the 2.56-hectare site at 14-22 ... More >>

Sarah Dobson Wins 2022 Pukekohe Young Grower Competition

Saturday, 21 May 2022, 5:48 am | Horticulture NZ

Sarah Dobson, a 25-year-old environment and sustainability technician at A.S. Wilcox, has won the 2022 Pukekohe Young Grower competition. The competition tested the four contestant's vegetable and fruit growing knowledge as well as the skills needed to ... More >>

New South Auckland Station Names Announced

Friday, 20 May 2022, 6:20 pm | KiwiRail

KiwiRail and Auckland Transport have announced details of the proposed names for the three new stations to be constructed between Papakura and Pukekohe. The names are Maketuu (Drury Central), Ngaakooroa (Drury West), and Paeraataa (Paerata). The ... More >>

Innovation And Redesign Revolutionising Southland

Friday, 20 May 2022, 5:09 pm | Southland Just Transition

The CBD redevelopment will have a variety of retailers, food court with up to five restaurants access and a large new car park with approximately 670 spaces. Big thinking and bold strategies are shaping numerous rejuvenation projects currently underway ... More >>

Support Workers, Employers Come Together In Fight For Pay Increase

Friday, 20 May 2022, 3:32 pm | Joint Press Release

E tū/NZNO/PSA Joint Release: Care and support workers, their employers, and the clients and residents they care for are rallying together for the first time to secure an urgent pay increase for workers in the sector before legislation that sets their ... More >>

Sysdig Extends Incident Response Solution To The Cloud

Friday, 20 May 2022, 1:59 pm | Sysdig

Sysdig, the unified container and cloud security leader, announced that Sysdig open source, the incident response standard for containers, has been extended to the cloud. Using system calls, Sysdig open source traditionally offers deep observability into ... More >>

Foodstuffs North Island Gets Rainbow Tick Of Approval

Friday, 20 May 2022, 1:18 pm | Foodstuffs NZ

Foodstuffs North Island is bursting with pride that it has gained Rainbow Tick accreditation. The tick endorsement is a huge step on the co-op’s Diversity and Inclusion journey and the first major milestone of its self-proclaimed Rainbow Tribe. Through its Rainbow ... More >>

BitPrime OTC To Resume Live Trading

Friday, 20 May 2022, 12:57 pm | BitPrime

New Zealand-based cryptocurrency retailer, BitPrime, is to resume live trading on its OTC platform today following the successful launch of The BitPrime Supporter Initiative. This partial resumption of BitPrime’s services comes as a result of ... More >>

Information Release Regarding Funded Documentary Being Chlöe

Friday, 20 May 2022, 12:15 pm | NZ On Air

In response to requests for information about the funding of the feature film documentary Being Chlöe, NZ On Air has today released documents relating to the funding decision. The information is presented as one package to provide both completeness and transparency. ... More >>

Good ‘Moving Day’ Planning Key To Preventing Pest Plant Spread & Managing Effluent

Friday, 20 May 2022, 12:03 pm | Waikato Regional Council

Farmers are being urged to do their bit to protect farms from damaging pest plants by ensuring machinery, vehicles and equipment have been cleaned ahead of Moving Day. Planning is also necessary when it comes to preventing effluent entering waterways ... More >>

MinterEllisonRuddWatts Announced NZ Deal Firm Of The Year

Friday, 20 May 2022, 11:56 am | MinterEllisonRuddWatts

Leading law firm, MinterEllisonRuddWatts was named New Zealand Deal Firm of the Year at this year’s Australasian Law Awards overnight. Corporate Partner Silvana Schenone also took out top honours, being named New Zealand Dealmaker of the Year ... More >>

Logitech Signature M650 Mouse Offers A Personalised Experience That Fits Just Right… And Left!

Friday, 20 May 2022, 11:10 am | Logitech

Introducing the new Logitech Signature M650 Wireless Mouse and Signature M650 for Business Wireless Mouse, a comfortable and personalised mouse with two different sizes and a left-handed option, offering a better experience for more people. The ... More >>

Productivity Statistics: 19782021 Corrected

Friday, 20 May 2022, 10:45 am | Statistics New Zealand

We have further updated Productivity statistics: 19782021 to correct published tables. Corrections made on 6 May 2022 omitted some corrections due to an error in loading the data, which affected Infoshare and NZ.Stat as well as tables published ... More >>

Which Kiwi Businesses Are Most Likely To Lose Their Workers?

Friday, 20 May 2022, 10:42 am | Skills Consulting Group

New research shows that those businesses that don’t have a wellbeing programme in place are more likely to see workers heading for the door – yet one in three Kiwi workers are not being offered any wellbeing services. Newly released data from ... More >>

Labour Constraints See New Zealand Apple And Pear Season Estimate Drop 12% On Pre-season Estimate

Friday, 20 May 2022, 10:28 am | New Zealand Apples and Pears

New Zealand Apples and Pears (NZAPI), the industry organisation representing the country’s pipfruit growers, today released a crop re-forecast that predicts a decrease of 12% on the organisation’s pre-season estimate. In January this year, the 2022 ... More >>

Michael Barnett To Stand Down As Auckland Chamber CEO

Friday, 20 May 2022, 6:45 am | Auckland Business Chamber

Auckland Chamber Chair, Charlotte Parkhill, confirmed today that longstanding Auckland Chamber Chief Executive, Michael Barnett, would stand down as CEO in August this year but would maintain a role driving key Chamber projects including Firststeps, ... More >>

Best Of Natural Awards Announcement

Thursday, 19 May 2022, 8:37 pm | Best of Natural Awards

After a two-year hiatus due to Covid interruptions, the Best of Natural Awards are back! Good magazine is excited to announce the return of the Best of Natural Awards in partnership with HealthPost. The Best of Natural Awards sets the standard for ... More >>

Private Equity And Venture Capital Activity At Record Level

Thursday, 19 May 2022, 8:32 pm | NZ Private Capital

Total investment and divestment activity across all investment stages increased to $4.3b in 2021, up from $2.5b in 2020. Mid-market activity was up 34% to $1.1b. Early-stage venture capital activity was up 3.9 times to $495.2m. The average investment ... More >>

Wellington City Welcomes Budget Housing Announcement

Thursday, 19 May 2022, 7:25 pm | Wellington City Council

Today’s Budget announcement regarding interim Government Income-Related Rent Subsidy (IRRS) funding for new, eligible tenants of a Community Housing Provider is great news for the Capital City, says Mayor Andy Foster. Mayor Foster says Wellington City ... More >>

Budget Completely Overlooks Health Front Line

Thursday, 19 May 2022, 7:22 pm | New Zealand Nurses Organisation

The New Zealand Nurses Organisation Tōpūtanga Tapuhi Kaitiaki o Aotearoa (NZNO) is profoundly disappointed with the Budget announced this afternoon in which nurses barely get a mention. NZNO Chief Executive Paul Goulter said NZNO has been very clear ... More >>

Whānau Manaaki Kindergartens Welcomes Budget Focus On Families

Thursday, 19 May 2022, 7:20 pm | Whanau Manaaki Kindergartens

One of the country’s largest early childhood services, Whānau Manaaki Kindergartens, welcomes the focus on families in today’s budget, but says that early childhood funding increases won’t keep pace with inflation. The government has announced ... More >>

REINZ Sees 2022 Budget’s Support For First Home Buyers As Positive Step

Thursday, 19 May 2022, 7:20 pm | REINZ

Affordable rental market for all Kiwis remains a challenge Key highlights REINZ supports changes to First Home Grants and First Home Loans as positive move for first home buyers and backs six-monthly reviews REINZ supports funding for public housing. ... More >>

Ofi Outlines Sustainability Focus At New Tokoroa Plant

Thursday, 19 May 2022, 7:19 pm | Olam Food Ingredients

Tokoroa plant construction underway. ofi (olam food ingredients) has announced a range of actions to support its sustainability goals across its New Zealand operations, including building its sustainability team and enhancing a sustainably minded approach ... More >>

Du Val Group Welcomes Lifting Of House Price Caps

Thursday, 19 May 2022, 7:11 pm | Du Val Group

“The Government’s announcement today that all house price caps will be completely removed from the First Home Loan application process and increased for First Home Grants (from $700,000 to $875,000 in Auckland) is excellent news for first home buyers ... More >>

Treasury Warns Yet Again That LGWM Risk Must Be Addressed

Thursday, 19 May 2022, 7:07 pm | Wellington Chamber Of Commerce

Budget 2022 delivers disappointing news for Wellington’s much-needed transport infrastructure needs says the Wellington Chamber of Commerce. Even worse, it’s exactly the same as last year. "Yet again, Treasury’s Budget Economic and ... More >>

Crisis Budget Walks Tightrope

Thursday, 19 May 2022, 6:58 pm | Chartered Accountants Australia and New Zealand

Support for business is light in a 2022 Budget that walks a tight rope between addressing short term cost-of-living pressures, and longer-term inflation, climate change and health challenges, says Chartered Accountants ANZ NZ Country Head Peter Vial FCA. ... More >>

Auckland Business Chamber: Budget

Thursday, 19 May 2022, 6:50 pm | Auckland Business Chamber

It took guts to pull out a silver lining to mitigate the pressure on the family purse from spiralling inflation and interest rates but the biggest and most rewarding contribution the Budget could make is to promote growth. “The Government deserves ... More >>

BUDGET 22: Funding Boost A Shot In The Arm For Therapy Innovation

Thursday, 19 May 2022, 4:59 pm | University of Auckland

The University of Auckland welcomes Budget funding of $40.7m for development of novel mRNA vaccines and other therapies. Wellbeing Budget 2022 funding of $40.7m over four years will support scientists and industry partners who are looking to ... More >>

NexBloc Adds .NEX And .ARTIST Decentralized Top-Level Domains To Its Arsenal Of Web 3.0 DDNS Offerings

Thursday, 19 May 2022, 4:56 pm | ACN Newswire

NexBloc today announced the creation of several new decentralized top-level domains (dTLD) including .NEX and .ARTIST. This adds to the expanding list of domains that are being developed on multiple blockchains and distributed ledger technologies (DLT) ... More >>

Academic’s 20-year Quest To Restore Rare African Forest

Thursday, 19 May 2022, 4:53 pm | University of Canterbury

On a remote Nigerian plateau, in one of Africa’s rarest ecosystems, a kiwi scientist has created a model for biodiversity conservation that has created local jobs, accommodated PhD students, produced valuable research, discovered new species, and given hope ... More >>

Evolving Residential Development Fundamentals Create Opportunities For Property Owners

Thursday, 19 May 2022, 4:46 pm | Bayleys Realty Group

New Zealand’s largest, full-service real estate agency Bayleys is expanding its development arm with a dedicated New Build team that offers specific expertise in the small-to-medium residential development sector. Real estate experts at New Zealand’s ... More >>

What’s Streaming This June On Acorn TV In New Zealand

Thursday, 19 May 2022, 3:38 pm | Acorn TV

HIGHLIGHTS Premieres Monday, 27th June 2022 GARAGE SALE MYSTERIES, SERIES 3 Jennifer Shannon ( Lori Loughlin , Full House, Spin City ) has a gift for finding rare treasures hidden in garage sales that she can resell at her consignment store, ‘Rags to Riches’. ... More >>

First Medicinal Cannabis Products Will Deliver Wider Treatment Options To Patients

Thursday, 19 May 2022, 1:05 pm | Cannasouth

Successful assessment by the Medicinal Cannabis Agency of Cannasouth’s first medicinal cannabis products will deliver wider treatment options to New Zealand patients and prescribers. Cannasouth has had three products successfully assessed by the Government’s ... More >>

Study Shows Financial Services Organisations Are In Early Phases Of Multicloud Adoption

Thursday, 19 May 2022, 12:39 pm | Nutanix

SYDNEY, Australia - May 19, 2022 - Nutanix (NASDAQ: NTNX ), a leader in hybrid multicloud computing, announced the financial services findings of its global 2022 Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress ... More >>

Parliamentary Service Leads On Digital Transformation

Thursday, 19 May 2022, 11:30 am | TechnologyOne

WELLINGTON, 19 May 2022 – Parliamentary Service is leading the way on creating a digital state sector having completed a major transition of key information technology systems from on-premise operation to a Software-as-a-Service environment from TechnologyOne. ... More >>

Full Year Results For The Period Ended 31 March 2022

Thursday, 19 May 2022, 11:01 am | Infratil

Infratil Limited's Annual Report for the full year ended 31 March 2022 is now available here . Infratil produces record result, highlights significant investment into high conviction sector platforms Infratil Limited today announced a record net parent ... More >>

Death Of Ads: Kiwi SMEs Grappling With How To Front Their Own Marketing

Thursday, 19 May 2022, 10:56 am | John Maybury

The demise of flashy advertising and catchy jingles has created new and uncomfortable pressure for mom-and-pop business owners who now have to front their own interactive marketing media, and it's a reality that's leaving many cold. Presentation coach ... More >>

Employment Indicators: Weekly As At 16 May 2022

Thursday, 19 May 2022, 10:51 am | Statistics New Zealand

The experimental weekly series provides an early indicator of employment and labour market changes in a more timely manner than the monthly employment indicators series. Key facts The 6-day series includes jobs with a pay period equal to or less than ... More >>

Producer Prices Increase In March 2022 Quarter

Thursday, 19 May 2022, 10:51 am | Statistics New Zealand

Producer input and output prices increased in the March 2022 quarter, Stats NZ said today. In the March 2022 quarter compared with the December 2021 quarter, prices received by producers of goods and services (outputs) increased 2.6 percent. Prices ... More >>

ARFNZ And Respiratory Specialists Welcome New Funding For Preventative RSV Medicine

Thursday, 19 May 2022, 10:34 am | Asthma and Respiratory Foundation of New Zealand

The Asthma and Respiratory Foundation New Zealand, paediatricians and respiratory specialists are welcoming Pharmac’s decision to widen access to a medication which will help to protect vulnerable infants from a serious respiratory virus this winter. ... More >>

Sanford Interim Results Boosted By International Post-Covid Recovery

Thursday, 19 May 2022, 9:38 am | Sanford Limited

Sanford Limited (NZX: SAN) has reported a solid recovery in the first half of its 2022 financial year, with Adjusted (underlying) Earnings Before Interest and Tax (Adjusted EBIT) of $19.2 million for the six months to 31 March. This represents ... More >>

Heartland Bank Announces Leanne Lazarus As New CEO

Thursday, 19 May 2022, 9:37 am | Heartland Bank

Heartland Bank has announced the appointment of Leanne Lazarus as Chief Executive Officer (subject to Reserve Bank of New Zealand non-objection), effective from 1 August 2022. Leanne will succeed current Heartland Bank CEO Chris Flood who has been ... More >>

Properties Taking Almost Three Weeks Longer To Sell Than Last Year

Thursday, 19 May 2022, 9:22 am | Trademe

Kiwi homes are now taking significantly longer to sell than they were 12 months ago, with the average property listed onsite for 51 days in April, up 56 per cent year-on-year according to the latest Trade Me Property data. Trade Me Property Sales ... More >>

New Business Guides On How To Engage With Nature

Thursday, 19 May 2022, 9:21 am | Sustainable Business Network

  The Sustainable Business Network (SBN) website now has free ‘shovel ready’ guides for nature regeneration. They’re perfect for businesses, farmers, growers, and rural landowners ready to do their bit. The climate crisis and continuing ... More >>

RedShield Leverages AWS To Scale Expertise And Cybersecurity Services

Thursday, 19 May 2022, 9:19 am | RedShield

WELLINGTON, New Zealand – 19 May 2022 – RedShield , a leading web application cybersecurity service, today announced it is leveraging Amazon Web Services (AWS) cloud computing capabilities to scale its web application security services, and ... More >>

Destination Queenstown Appoints New Chief Executive

Thursday, 19 May 2022, 9:13 am | Destination Queenstown

Queenstown, New Zealand (19 May 2022) – The Board of Destination Queenstown (DQ) is pleased to announce the appointment of Mat Woods to the position of Chief Executive. Mr Woods brings extensive experience across senior tourism, retail and sales roles ... More >>

Hawke’s Bay Retail Sector Holds Its Own

Thursday, 19 May 2022, 9:11 am | Turley and Co

Hawke’s Bay mainstreet retail occupancy levels continue to outperform the Turley & Co March 2020 pre-COVID survey, according to their latest Retail Property Focus Report. Shopping precincts in Hastings, Havelock North, Napier and Taradale ... More >>

Whittaker’s Invites Chocolate Lovers To Relax And Refresh With Botanical Infused Chocolate

Thursday, 19 May 2022, 7:02 am | Whittaker's

Whittaker’s has introduced two Limited Edition flavours: Relax and Refresh, featuring botanical extracts infused into Whittaker’s classic Creamy Milk™ chocolate. The innovative flavours have been designed to capture the feelings of relaxation and ... More >>

Kiwi Milk Company Calls For The Government To Rethink Recycling Plan

Thursday, 19 May 2022, 6:15 am | Otis Oat Milk

Says New Zealand needs a recycling plan that’s fit for our future not entrenched in the past A New Zealand milk producer is calling for the Government to standardise kerbside recycling across the country, while sparing thousands of tonnes of packaging ... More >>

Parrot Analytics Adds Former Nielsen And Reed MIDEM Executives To Bolster Executive Ranks And Continue Global Expansion

Thursday, 19 May 2022, 6:01 am | Parrot Analytics

Laurine Garaude has been appointed as Partnerships Director (EMEA) and Grant Cover joins the company as Partnerships Director (North America) Paris and New York - May 18, 2022 - Parrot Analytics , the industry leader in global audience demand measurement, ... More >>

Taranaki Trends Winter 2022 Edition, Released By Venture Taranaki, Focuses On Cost Of Living

Wednesday, 18 May 2022, 8:12 pm | Venture Taranaki

The Winter 2022 edition of Taranaki Trends, produced by Venture Taranaki, explores how our regional economy is tracking, including an in-depth and on the rise look at the cost of living in Taranaki, covering key indicators such as house prices, ... More >>

How Much Will Your Home Be Worth In 2023?

Wednesday, 18 May 2022, 7:56 pm | Nuovo Group

Concerns are starting to grow among New Zealand homeowners about the impact negative net migration over the last 1-2 years, along with increased interest rates and changing development rules, will have on their property values. In a country where most of ... More >>

Beloved Kiwi Coffee Company Changes Ownership

Wednesday, 18 May 2022, 7:48 pm | Coffee Supreme

Much-loved coffee roastery, Coffee Supreme, has been acquired by New Zealand owned and operated investment company, Pioneer Capital. Founded by Chris Dillon and Maggie Wells, Coffee Supreme has, for nearly 30 years, been roasting and serving premium ... More >>

Port Unions Says Health And Safety Judgement Must Be Appealed

Wednesday, 18 May 2022, 4:16 pm | Joint Press Release

Maritime Union of New Zealand/Rail and Maritime Transport Union joint media release Port unions will be pushing for an appeal against a court decision that has seen a stevedoring company walk away from health and safety charges. A decision in the ... More >>

Turmeric Health Benefits Are Just As Effective For Our Pets

Wednesday, 18 May 2022, 3:24 pm | Golden Turmeric Limited

  Turmeric Golden Paste good for pets and is especially popular for dogs. We all love our Furbabies and want the best for their health and wellbeing but what are the benefits of adding Turmeric Golden Paste to their diets and does it really ... More >>

New Zealand’s Volunteer Agency Announces New Te Tumu Whakarae - CEO

Wednesday, 18 May 2022, 3:16 pm | Volunteer Service Abroad

Today Aotearoa New Zealand’s leading international volunteer development agency Volunteer Service Abroad - Te Tūao Tāwāhi (VSA) announces its new Te Tumu Whakarae CEO, Kate Wareham. Kate leaves as Deputy Chief Executive Organisational Capability ... More >>