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Latest Business Headlines

Punchbowl Packaging wins global award

Saturday, 7 December 2019, 11:24 am | Punchbowl Packaging

The World Packaging Organisation has awarded Punchbowl Packaging two international awards, recognising the family-owned New Zealand company’s position on the world stage. More >>

New Mortgage Calculator Shows Different Financial Scenarios

Friday, 6 December 2019, 6:59 pm | Opes Partners

New Mortgage Calculator Shows Different Financial Scenarios Opes Partners, a New Zealand based property investment firm has released a new mortgage calculator that shows Kiwis the effects of changing the inputs to their calculator. More >>

Leaked ANZ policy good news for climate action

Friday, 6 December 2019, 6:29 pm | 350 Aotearoa

Secret plans for ANZ to cut thermal coal mining exposure by 75% by March 2024 have been leaked by internal sources today. This information is at odds with its climate change statement that was released in February 2019, which made no reference to reductions ... More >>

Five workers’ rights to know about Xmas time

Friday, 6 December 2019, 5:11 pm | Employment NZ

As Christmas is near, it’s time to set the record straight on some of the most commonly misunderstood aspects of employment law that apply to the festive season. More >>

Sean Connolly leaves long-lasting legacy at SkyCity Auckland

Friday, 6 December 2019, 4:59 pm | SKYCITY Auckland

Celebrity chef Sean Connolly is hanging up one of his many hats and calling last orders, as he departs from his role as Signature Chef at SkyCity Auckland’s The Grill and Gusto at the Grand. Sean’s last day at SkyCity will be 31 December 2019. ... More >>

Changes at the Top for Innovative Kiwi Health Insurer

Friday, 6 December 2019, 3:21 pm | Accuro Health Insurance

Award winning specialist insurer, Accuro Health Insurance, announces changes to its Board and retirement of the CEO. More >>

TSB grants help lifesavers gear up for summer

Friday, 6 December 2019, 2:57 pm | TSB Bank

Summer has arrived and Surf Life Saving clubs around the country are entering their busiest time of year. More >>

Suite deals on offer as hotel property portfolio launches

Friday, 6 December 2019, 2:10 pm | Bayleys

A selection of hotels currently in their design and build phase, a range of provincial properties, and an island resort which has been dormant for several decades jointly headline a national portfolio of commercial accommodation venues being marketed for ... More >>

Air NZ wins Deloitte Top 200 Sustainable Business Award

Friday, 6 December 2019, 1:46 pm | Air New Zealand

Media release 6 December 2019 Air New Zealand wins Deloitte Top 200 Sustainable Business Leadership award Air New Zealand has won the Sustainable Business Leadership award at the Deloitte Top 200 awards in Auckland. The Sustainable Business Leadership ... More >>

Chapman Tripp wins law firm of the year

Friday, 6 December 2019, 1:43 pm | Chapman Tripp

Chapman Tripp has been named New Zealand Law Firm of the Year at the 2019 KangaNews Awards for the fourth consecutive year. More >>

Medicinal cannabis company breaks equity crowdfunding record

Friday, 6 December 2019, 1:06 pm | PledgeMe

Marlborough based medical cannabis company, Puro, has raised the highest amount in New Zealand and Australian equity crowdfunding history. Their combined public and wholesale raise of $4 million has been raised in four weeks on the crowdfunding platform, ... More >>

Hospitality company puts one of its pub venues up for sale

Friday, 6 December 2019, 12:41 pm | Bayleys

An Irish-themed pub operated as part of a portfolio of dining and drinking venues owned by a New Zealand Stock Exchange-listed hospitality empire has been placed on the market for sale. More >>

Boomers bolster bus drivers’ loyalty

Friday, 6 December 2019, 12:07 pm | Statistics New Zealand

On average, bus drivers are the oldest workers of any key industry, and they are also among the most loyal employees, Stats NZ said today. More >>

Coup for Winston Nutritional

Friday, 6 December 2019, 11:30 am | Winston Nutritional

Winston Nutritional is one of only two New Zealand manufacturers in 2019 to secure approval from China to produce infant formula. More >>

Tourism businesses see sustainability as top priority

Friday, 6 December 2019, 11:26 am | Tourism Industry Aotearoa

2019 has been a transitional year for the tourism industry, with a move into a slower phase of the business cycle and a clear industry commitment to sustainability. The information comes from the annual State of the Industry report for 2019, which has ... More >>

Dent in metal and timber wholesaling

Friday, 6 December 2019, 10:46 am | Statistics New Zealand

Seasonally adjusted, the basic materials industry sales value fell $182 million (2.8 percent), largely driven by falls in timber and metal. The basic materials industry also includes agricultural products, chemicals, and hardware. More >>

Sustainability takes flight at Air NZ, Top 200 awards

Friday, 6 December 2019, 10:04 am | Minter Ellison Rudd Watts

Congratulations to Air New Zealand on being presented the MinterEllisonRuddWatts Sustainable Business Leadership award at last night’s Deloitte Top 200 Awards. More >>

Proceedings filed against container depot company

Friday, 6 December 2019, 9:33 am | Commerce Commission

The Commerce Commission has filed High Court proceedings alleging Specialised Container Services (Christchurch) Limited (SCS Christchurch) and its director Grant Tregurtha attempted to engage in price fixing with one of its competitors. More >>

Dairy Compliance on the up And up

Friday, 6 December 2019, 9:32 am | Hawkes Bay Regional Council

The Dairy industry and Hawke’s Bay Regional Council have adopted the shared goal to achieve 100% compliance with all resource consents, and are almost 80% towards the goal, celebrated at this week’s Dairy Compliance Awards. More >>

Apple Watch Series 5 available to preorder

Friday, 6 December 2019, 9:14 am | Spark

Spark will offer Apple Watch Series 5 (GPS + Cellular), featuring an Always-On display, breakthrough communication, fitness and health capabilities along with built-in cellular. More >>

XE Morning Update

Friday, 6 December 2019, 8:45 am |

The NZD opens up at 0.6543 The Kiwi extended its good recent run yesterday, breaking out to 5 month highs against the USD. Adrian Orr, the RBNZ Governor released his financial stability report, which increases banks minimum capital requirements from ... More >>

Tristan Ilich elected as the new Chair of TUANZ

Friday, 6 December 2019, 8:41 am | TUANZ

At the final TUANZ Board meeting of 2019, Tristan Ilich was unanimously elected to the role of Chair. Tristan leads Aurecon's Data and Telco business in New Zealand with a strong focus on managing key client relationships, as well as developing new ... More >>

DLA Piper assists new style of investment into NZ

Friday, 6 December 2019, 8:34 am | DLA Piper

DLA Piper has acted for Implemented Investment Solutions Limited (IIS) in the launch of three PIE funds as part of the Hobson Wealth Investment Funds Scheme. Hobson Wealth is well-known to New Zealanders as a leading private wealth advisory team; IIS is ... More >>

Free bus fares in Auckland to continue until Christmas

Friday, 6 December 2019, 8:20 am | FIRST Union

Drivers for NZ Bus will continue to offer free passenger fares as a partial strike action until Christmas, joining their colleagues at Go Bus, FIRST Union said today. More >>

Papamoa Snap Fitness club victorious

Thursday, 5 December 2019, 8:19 pm | Snap Fitness

Papamoa Snap Fitness club has been announced as the 2019 New Zealand Exercise Industry Awards Winner for ‘Franchise Facility of the Year’. More >>

Uber in NZ - a Year in Review

Thursday, 5 December 2019, 8:00 pm | Uber

What an exciting year it’s been for Uber. We launched in seven new cities across New Zealand, introduced JUMP e-scooters into the capital city and doubled down on our commitment to safety on the platform for both riders and driver partners alike. More >>

Facilitation application ahead of Strike 2 by caregivers

Thursday, 5 December 2019, 5:41 pm | E Tu

E tū has applied to the Employment Relations Authority for facilitation of the dispute over working conditions at Woburn Masonic Village in Lower Hutt. More >>

New Chief Operating Officer appointed at solarcity

Thursday, 5 December 2019, 5:24 pm | SolarCity

Auckland, 5 December 2019 – solarcity, New Zealand’s leading solar power company has appointed Yogesh Chand as Chief Operating Officer. More >>

Inghams workers wrap up 3-day strike

Thursday, 5 December 2019, 4:35 pm | FIRST Union

Food Processing workers at Inghams chicken processing plant in Wiri, Auckland, have just finished three days of full strike action after walking off the job over frustrating wage negotiations and missing backpay in a protest that some have dubbed the ‘McNugget ... More >>

BitPrime Cryptocurrency Price Update

Thursday, 5 December 2019, 3:18 pm | BitPrime

Cryptocurrency Market Market capitalisation yesterday: NZD$303,439,896,733 Market capitalisation today: NZD$303,019,028,643 Change: -0.14% More >>

Legalised personal cannabis use would be tightly regulated

Thursday, 5 December 2019, 2:55 pm | Helius

The Government’s approach to legalising personal cannabis use would provide many opportunities for new businesses, boost tax revenue, and deliver quality standards in a safer and more open environment. As the proposed legislation’s name suggests, ... More >>

Suncorp, Vero and Asteron Life websites now shielded sites

Thursday, 5 December 2019, 2:30 pm | Suncorp

Leading insurance websites Suncorp New Zealand, Vero and Asteron Life are now Shielded Sites. Shielded Sites are a Woman’s Refuge initiative aimed at helping New Zealanders experiencing domestic violence safely gain support. More >>

Be fair about passing on costs - Federated Farmers

Thursday, 5 December 2019, 2:18 pm | Federated Farmers

Federated Farmers is urging the trading banks to absorb as much as possible of the additional costs of new bank capital requirements rather than dump it all on customers, and especially on under-pressure farmers. More >>

Reserve Bank decision disappointing for small business

Thursday, 5 December 2019, 2:10 pm | Canterbury Employers' Chamber Of Commerce

Today’s announcement of the Reserve Bank of New Zealand’s decision on capital lending will have a significant impact on small business and rural-based sectors, according to Canterbury Employers’ Chamber of Commerce Leeann Watson. More >>

Peer-to-peer lending and crowdfunding 2019 data published

Thursday, 5 December 2019, 2:06 pm | Financial Markets Authority

The Financial Markets Authority (FMA) today published its third statistical report on peer-to-peer lending (P2P) and crowdfunding services in New Zealand. More >>

Process concerns in market study

Thursday, 5 December 2019, 1:50 pm | BusinessNZ

BusinessNZ is voicing process concerns in the market study into the retail fuel sector released today. More >>

Banking industry welcomes conclusion to RBNZ capital review

Thursday, 5 December 2019, 1:47 pm | NZ Bankers' Association

The New Zealand Bankers’ Association today welcomed the conclusion of the Reserve Bank’s review of how much capital New Zealand’s banks should hold. More >>

Further consultation essential on bank capital proposals

Thursday, 5 December 2019, 1:17 pm | BusinessNZ

BusinessNZ is calling for a further round of consultation on the Reserve Bank’s capital adequacy decisions made today. Chief executive Kirk Hope says New Zealand’s major financial institutions are already well capitalised and managed. More >>

RBNZ Raises Bank Capital as Planned, Extends Transition

Thursday, 5 December 2019, 1:01 pm | XE Money Transfer

XE Data Update - RBNZ Raises Bank Capital as Planned, Extends Transition Inbox x XE Money Transfer Unsubscribe 12:48 PM (16 minutes ago) to editor More >>

Vodafone New Zealand releases latest sustainability report

Thursday, 5 December 2019, 12:21 pm | Vodafone

5 December 2019 Vodafone has released its latest sustainability report, which outlines the company’s progress on its sustainability goals over the last year. The report highlights progress and goals in priority areas where the company believes it can ... More >>

A safer banking system for all New Zealanders

Thursday, 5 December 2019, 12:03 pm | Reserve Bank

The Reserve Bank of New Zealand today released its final decisions following its comprehensive review of its capital framework for banks, known as the Capital Review . More >>

Vital support for investigative journalism and documentaries

Thursday, 5 December 2019, 11:59 am | NZ On Air

Hard-hitting investigative journalism, climate change, the story behind a high-profile commune, and indigenous art are in the line-up of NZ On Air-funded factual content to inform and engage audiences in 2020. More >>

NZ Rugby Selects AWS for Deeper Game Insights

Thursday, 5 December 2019, 11:44 am | Amazon Web Services

WELLINGTON, New Zealand – 4 December 2019 – Amazon Web Services Inc. (AWS), an company, today announced that New Zealand Rugby (NZR) has selected the Play in the Grey analytics platform running on AWS to gain deeper insights into game ... More >>

STAAH Celebrates Ten Thousand Partners Worldwide

Thursday, 5 December 2019, 11:39 am | STAAH

Crossing yet another milestone in its journey of technology leadership, STAAH celebrates building strong partnerships of more than 10,000 partners worldwide. More >>

“At last!” says MTA in response to fuel market findings

Thursday, 5 December 2019, 11:36 am | Motor Trade Association

The Motor Trade Association (MTA) says the findings of the Commerce Commission’s study of the retail fuel sector are game-changing. More >>

Tainui Group Holdings Appoints New GM Development

Thursday, 5 December 2019, 11:23 am | Tainui Group Holdings

5 December 2019 – Kirikiriroa-Hamilton, NZ. Tainui Group Holdings (TGH), the intergenerational investor for Waikato-Tainui has appointed one of New Zealand’s most experienced development professionals, Peter Tuck to the newly-created role of GM Development. More >>

Commercial construction bounces back

Thursday, 5 December 2019, 11:07 am | Statistics New Zealand

The volume of non-residential building work rose in the September 2019 quarter after falling in the June quarter, Stats NZ said today. More >>

Get In Shape Advice Summit 2020 launched

Thursday, 5 December 2019, 11:04 am | Financial Services Council

The Financial Services Council, Financial Advice New Zealand, the Financial Markets Authority and MBIE has launched the Get In Shape Advice Summits 2020 which will be held across New Zealand in February. More >>

Kiwi real estate agency scoops global award

Thursday, 5 December 2019, 10:32 am | Sotheby's International Realty

New Zealand Sotheby’s International Realty (NZSIR) has been named Best International Real Estate Agency Worldwide at the International Property Awards. More >>

Tourism award in the bag for young entrepreneurs

Thursday, 5 December 2019, 10:14 am | Tourism Industry Aotearoa

Timaru students who launched a reusable bag to encourage responsible camping have taken home the first ever YES National Excellence Tourism Award. More >>

CCL divests network services business assets

Thursday, 5 December 2019, 10:09 am | Spark

Spark has today announced that Computer Concepts Limited (CCL), Spark New Zealand’s wholly owned provider of cloud and ICT services, has signed a conditional agreement to divest the operational parts of its network services division in a buy-out by ... More >>

AFT welcomes new codeine medicine restrictions

Thursday, 5 December 2019, 9:41 am | AFT Pharmaceuticals

AFT Pharmaceuticals (NZX; AFT, ASX; AFP) today welcomes Medsafe’s decision to classify all medicines containing codeine as prescription medicines. More >>

Two new board appointments for Te Papa

Thursday, 5 December 2019, 9:39 am | Ministry For Culture And Heritage

Andy Lowe, from Palmerston North and Cameron Harland, Wellington, are newly appointed to the Museum of New Zealand Te Papa Tongarewa board, Manatū Taonga Ministry for Culture and Heritage confirmed today. More >>

One Product Sold Every 1.5 Seconds During BF Peak

Thursday, 5 December 2019, 9:38 am | Mighty Ape

Consumers in New Zealand and Australia flocked to shops last week eager to seek out the incredible deals that have come to be associated with Black Friday. Having adopted the US retail tradition in recent years many local companies, like online ... More >>

Highest number of cyber security incidents reported to CERT

Thursday, 5 December 2019, 9:13 am | CERT NZ

Figures released today by CERT NZ show reports of cyber security incidents are at an all-time high. More >>

XE Morning Update December 5, 2019

Thursday, 5 December 2019, 8:03 am | XE Morning Update

The NZDUSD opens at 0.6526 (mid-rate) this morning. More >>

BitcoinBlink Launches Regulated Crypto Exchange

Thursday, 5 December 2019, 7:42 am | Asia Corporate News Network - ACN Newswire

Tallinn, Estonia, Dec 4, 2019 - (ACN Newswire) - BitcoinBlink, a state-of-the-art cryptocurrency platform optimized for speed, compliance and regulation, unlocks a new chapter in cryptocurrency trading with the opening of its cryptocurrency exchange. ... More >>

Financial Services Council welcomes insurance law reform

Wednesday, 4 December 2019, 9:31 pm | Financial Services Council

The Financial Services Council has welcomed the proposed changes to insurance contract law announced by the Government today. More >>

Celebrating TECNZ’s newest Life Member

Wednesday, 4 December 2019, 6:01 pm | Tourism Export Council

Tourism Export Council of New Zealand (TECNZ) awarded Peter Black, General Travel a Life Membership at the TECNZ Xmas Symposium event in Auckland today. The TECNZ Life Membership is a special form of membership that recognisees an individual who ... More >>

Insurers mobilise NZ wide to help Timaru

Wednesday, 4 December 2019, 4:55 pm | Insurance Council of New Zealand

Tim Grafton, ICNZ Chief Executive says that the industry has mobilised New Zealand wide to help Timaru. Drive through assessment stations have been set up for ‘on-the-ground’ support and specialists brought in from overseas to help with repairs. More >>