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Latest Business Headlines

Car Maintenance A Money-Saver As New Car Sales Fall

Wednesday, 5 August 2020, 6:53 pm | Mag and Turbo

With the world economy feeling the crunch of COVID-19, more and more people are looking to tighten their belts. Gone are the days of splurging on flashy new items or travelling to wild and wonderful destinations without a second thought for the ... More >>

Māori Television Launches Its Whakatau 2020 Election Coverage

Wednesday, 5 August 2020, 5:53 pm | Maori Television

Māori Television is set to offer unprecedented bilingual election coverage, featuring polling of the Māori electorates, leadership debates for the seven Māori seats, Election night and post-Election special. Shane Taurima, Māori Television's Tāhuhu More >>

NZ Apple Industry On Track To Become A Billion-dollar Export Business

Wednesday, 5 August 2020, 5:48 pm | NZ Apples and Pears Inc

New Zealand Apples and Pears Inc (NZAPI), the representative industry body for the apple, pear and nashi industry, held its Annual General Meeting (AGM) in Hastings today, with members joining from around the country’s growing regions via Zoom. ... More >>

MTA Welcomes Launch Of Apprenticeship Boost Scheme

Wednesday, 5 August 2020, 5:14 pm | Motor Trade Association

The Motor Trade Association has welcomed today’s launch of the Apprenticeship Boost scheme, but is urging the Government to have the courage to go further. “This is a long-awaited win for employers supporting young people into trades,” says ... More >>

Editor Appointments

Wednesday, 5 August 2020, 4:34 pm | Bauer Media

The countdown is on for the highly anticipated return of New Zealand’s best-loved magazines. Today we are proud to reveal the talented editors who will be at the helm of the country’s most iconic titles. “While our mastheads are well-loved and ... More >>

HortNZ Welcomes Govt’s Recognition Of The Importance Of Vegetable Growing

Wednesday, 5 August 2020, 3:59 pm | Horticulture NZ

‘HortNZ has worked with growers in Pukekohe and Horowhenua to demonstrate to central and local government that modern vegetable growing techniques dramatically reduce environmental impact,’ says HortNZ Chief Executive, Mike Chapman. More >>

Alt launches vape advertising campaign before ban

Wednesday, 5 August 2020, 3:55 pm | Alt New Zealand

The largest Kiwi-owned vape company is investing significantly in what will likely be its last marketing campaign before legislation is passed to soon prohibit all forms of advertising of regulated vaping products. More >>

Resilient Ravensdown Responds With Strong $69m Profit - Returning $68 Million To Farming

Wednesday, 5 August 2020, 3:49 pm | Ravensdown

After ensuring essential food-creating nutrients kept flowing during the pandemic, Ravensdown has recorded a profit from continuing operations and before tax, rebate and an earlier issue of bonus shares of $69 million (2019: $52m). Returning a total ... More >>

Mining Company Plans Threaten Environment And Offer Limited Benefit To Locals

Wednesday, 5 August 2020, 3:21 pm | Pamela Grealey

Green Party candidate for Coromandel Pamela Grealey is gutted by OceanaGold’s plans to expand its mining operations in Waihi and mine conservation land near Whangamata. The company has announced it wants to enlarge its Martha pit in Waihi, develop a ... More >>

Lowndes team set to join Tompkins Wake

Wednesday, 5 August 2020, 2:56 pm | Tompkins Wake

Lowndes founder Mark Lowndes, Director Kerri Dewe, and Associate Reuben Payne will join Tompkins Wake’s Auckland office. More >>

Baby Steps To A Sustainable Little World

Wednesday, 5 August 2020, 2:07 pm | Little World

The Covid-19 pandemic is profoundly affecting our economy, looking after our environment and being sustainable is more important than ever. little world is a proudly New Zealand made, organic baby skincare range that has their customers and the environment’s ... More >>

Vertiv Introduces New Line

Wednesday, 5 August 2020, 1:05 pm | Vertiv

Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today introduced the Vertiv™ Liebert® GXT RT+, its latest line of on-line double conversion uninterruptible power supply (UPS) systems. Available from 1 to ... More >>

COVID-19 Slows Labour Market Activity

Wednesday, 5 August 2020, 12:10 pm | Statistics New Zealand

About 650,000 people were away from their job, working fewer hours or less than they wanted, or were otherwise less active in the labour market in the June 2020 quarter due to reasons related to COVID-19 such as sickness or lockdown, Stats NZ ... More >>

Labour Market Statistics Are Far Better Than Expected

Wednesday, 5 August 2020, 12:09 pm | New Zealand Council of Trade Unions

The Council of Trade Unions says the wage subsidy has done the job it was intended to do with the better than expected Labour Market statistics released today. CTU Economist, Andrea Black, comments "Unemployment is now 4% of the labour force, ... More >>

Consultation Opens On Establishing A Consumer Data Right

Wednesday, 5 August 2020, 12:00 pm | Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employment (MBIE) has released a discussion document on options for establishing a consumer data right that would better meet the needs of consumers and allow them to harness the power of their data. Hamish ... More >>

COVID-19 Slows Wage Growth Despite Minimum Wage Increase

Wednesday, 5 August 2020, 11:32 am | Statistics New Zealand

The labour cost index (LCI) salary and wage rates (including overtime) rose 0.2 percent in the June 2020 quarter, the lowest quarterly increase since December 1994, Stats NZ said today. “The government raised the minimum wage from $17.70 to $18.90 ... More >>

One In Three Brokered Loans In Australasia Now Go Through FileInvite

Wednesday, 5 August 2020, 11:17 am | FileInvite

FileInvite, the secure personal data sharing platform for consumer finance applications, is signing international clients as more transactions are conducted online. New clients include First Home Bank with branches across the United States, and Loan Market in ... More >>

Commission Releases Independent Reviews Into Security Incident, Details Action Taken

Wednesday, 5 August 2020, 10:53 am | Commerce Commission

The Commerce Commission has released two reviews into an October 2019 security incident and accepts all findings and recommendations. The security incident arose from the theft of computer equipment belonging to one of the Commission’s external providers ... More >>

July House Price Index illustrates market resilience

Wednesday, 5 August 2020, 10:03 am | QV Valuations

According to the July 2020 QV House Price Index (HPI) results out today , property values recorded a marginal increase, up 0.2% over the month. This is somewhat of a turnaround from June, after the national index edged 0.2% lower. More >>

Cost Of Southland February Floods Grows To $29.6m To Support Customer Recovery

Wednesday, 5 August 2020, 9:49 am | Insurance Council of New Zealand

The extent of damage caused by the February floods has been reaffirmed, with insurance customers receiving $29.6 million for weather related losses. The cost to support customers recover from the flood, that saw a state of emergency declared in Southland, ... More >>

New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3

Wednesday, 5 August 2020, 9:33 am | New Zealand Post

New research by NZ Post into how the COVID-19 response has impacted the way Kiwis shop online, shows online shopping increased 105%* when the country moved into Alert Level 3, and may have changed the way Kiwis shop permanently. Online spend peaked ... More >>

HelloFresh To Become First Global Carbon-neutral Meal Kit Company

Wednesday, 5 August 2020, 8:41 am | HelloFresh

HelloFresh, the world’s leading provider of meal kits, is committing to offset 100% of its direct carbon emission from its internal operations and offices, plus all emissions from delivery to customers and corporate travel as part of the company’s ... More >>

New 1,200sqm Cafe Set To Be One Of Region’s Largest

Wednesday, 5 August 2020, 8:15 am | Nido

A new 1,200sqm cafe set to open in the coming weeks will be one of the region’s largest according to its owner. The 340 seat Perch cafe will be located on the second level of the Nido homeware store in West Auckland. The cafe is capable of preparing ... More >>

Digital Identity Startup Blockpass Airdrops To Be Distributed Via Holdex

Wednesday, 5 August 2020, 7:29 am | ACN Newswire

KYC-as-a-service provider Blockpass ( https://blockpass.org ) announces that its series of community airdrops will be carried out through 'the home of Crypto' Holdex ( https://holdex.io/ ). Holdex and Blockpass have been working together since May ... More >>

Supermarket 'Specials' Risk Misleading Shoppers, Consumer NZ Says

Wednesday, 5 August 2020, 7:23 am | Consumer NZ

Consumer NZ’s latest supermarket survey found products can be on “special” so often shoppers risk being misled about the savings they’re getting. Consumer NZ chief executive Jon Duffy said price promotions had become so common that shoppers ... More >>

72% Of Traders Lacked Experience Before Trading Forex With 15% Profitable

Wednesday, 5 August 2020, 5:37 am | Forex School Online

Data gathered by Forex School Online reveals that in 2020 72% of forex traders had no prior experience before trading. According to the data, 15% of the traders had profitable outcomes. Profitable traders have more experience Most of the traders ... More >>

The Great New Zealand Bingo Bonanza Welcomes Sarah Burilin

Tuesday, 4 August 2020, 6:32 pm | The Great New Zealand Bingo Bonanza

Sarah Burilin has joined the Great New Zealand Bingo Bonanza as Brand & Customer Success Manager. Sarah Burilin Sarah is a familiar face in the tourism industry as she comes from the New Zealand International Convention Center, and prior to that ... More >>

Burger King's New Plant-Based Rebel BK Chook Burger And Tenders

Tuesday, 4 August 2020, 6:10 pm | Burger King

Burger King releases plant-based Rebel BK Chook – 0% Chicken. What the Cluck? Introducing the delicious new Rebel BK Chook burger and tenders from Burger King – the latest additions to Burger King’s plant-based menu. Made with the perfect ... More >>

D2L Appoints Tony Maguire As Regional Director For Australia And New Zealand

Tuesday, 4 August 2020, 5:07 pm | D2L

Maguire to support D2L’s education and corporate clients adapt to new world of online learning MELBOURNE, AUSTRALIA — August 4, 2020 — D2L, a global learning technology leader, today announced the appointment of Tony Maguire as Regional Director ... More >>

Progressive Company Offers Businesses New Opportunities

Tuesday, 4 August 2020, 4:50 pm | BOA Hydraulics

Many New Zealand businesses have been affected by these changing times, but three-generational company BOA Hydraulics has seen new opportunities for those working in the civil, agricultural, and forestry industries. BOA Hydraulics has been working with customers More >>

Functional Urban Areas The Focus Of New National Policy Statement

Tuesday, 4 August 2020, 4:48 pm | The Property Group

Property consultancy company The Property Group is working with local authorities to assist with the requirements of the recently released National Policy Statement – Urban Development (NPS-UD). The Property Group Limited (TPG) has been involved More >>

Sabre Renews Strategic, Long-term Distribution Agreement With Air New Zealand

Tuesday, 4 August 2020, 4:11 pm | Sabre

SINGAPORE – 4 August 2020 -- Sabre Corporation (NASDAQ: SABR), the leading software and technology provider that powers the global travel industry, has renewed its long-term, worldwide distribution agreement with Air New Zealand. Under the renewed agreement, ... More >>

CA ANZ – Latest Provisional Tax Changes A “win-win”

Tuesday, 4 August 2020, 3:14 pm | CAANZ

Chartered Accountants Australia and New Zealand (CA ANZ) described new tax legislation easing the burden of upcoming provisional tax payments faced by COVID-19 hit small businesses as a “win-win for businesses and Inland Revenue”. John Cuthbertson, ... More >>

Asbestos Removal Done Right The First Time

Tuesday, 4 August 2020, 2:59 pm | Advanced Environmental Services

It often takes just one man or one company to be the shining light for others, and Advanced Environmental Services are no different. With the death tally rising, commercial business and building owners are looking to such quality companies for help. With ... More >>

BNZ Cuts Costs For Contactless Payments

Tuesday, 4 August 2020, 2:55 pm | BNZ

Bank of New Zealand (BNZ) has cut the costs of using debit contactless (PayWave) payments for small and medium business customers. As of 1 August 2020, SMEs that settle into a BNZ business bank account will pay no more than 0.70% (70 bps) per ... More >>

Auditor-General Publishes Four Reports - PGF, NZTA, Inland Revenue, Public Housing

Tuesday, 4 August 2020, 2:38 pm | Office of the Auditor-General

Today the Auditor-General published four reports, which are all available on our website: · Managing the Provincial Growth Fund · New Zealand Transport Agency: Maintaining state highways through Network Outcomes Contracts · Inland Revenue Department: ... More >>

Worker Paralysed After Fall

Tuesday, 4 August 2020, 2:17 pm | WorkSafe NZ

A worker who was paralysed in a four metre fall and will never walk again has been awarded over $400,000 in reparations and consequential loss. In a reserved decision released last week, Strings Attached Limited was ordered to pay the victim following ... More >>

Iwi Partnership’s Go Bus Sale Concludes

Tuesday, 4 August 2020, 1:49 pm | Joint Press Release

The sale of passenger transport company Go Bus from a Ngāi Tahu and Waikato-Tainui partnership to Melbourne-based industry operator Kinetic has completed today. Ngāi Tahu Holdings and Tainui Group Holdings announced their decision to sell Go Bus in ... More >>

Second Largest Powerball Prize If Won By A Single Player - $34 Million Up For Grabs

Tuesday, 4 August 2020, 12:37 pm | Lotto New Zealand

There’s a massive $34 million up for grabs with Powerball tomorrow night, and if it’s won by a single player, it will be the second largest Powerball prize ever won since Powerball began in 2001. The largest ever Powerball prize of $44.1 million ... More >>

PHARMAC Considering A New Way Of Contracting For Medicines

Tuesday, 4 August 2020, 12:22 pm | PHARMAC

Consultation has gone out today to health professionals and is available on PHARMAC’s website for anyone wanting to have their say about our annual tender process and a proposal to modify our contracting arrangements. Every year PHARMAC invites tenders ... More >>

Kiwi FinTech Industry Helping Post-COVID Economic Recovery With A Mix Of Innovation And Heart

Tuesday, 4 August 2020, 11:47 am | Hnry

A growing number of Kiwi financial technology businesses are emerging as leaders in New Zealand’s economic recovery post-COVID 19 with innovative platforms and initiatives - while still keeping a real focus on people’s needs and wellbeing. ... More >>

Leak Detection Programme Prevents Millions Of Litres Of Water Loss

Tuesday, 4 August 2020, 11:07 am | Watercare Services

Watercare’s proactive leak detection programme has prevented millions of litres of water loss at a crucial time for Auckland’s water supply. Watercare chief executive Raveen Jaduram says the programme – which finds invisible leaks by listening for ... More >>

CV Tips To Land An Interview In The Covid-19 Job Market

Tuesday, 4 August 2020, 10:30 am | Hays

Only 28% of New Zealand and Australia’s current jobseekers say they understand what’s required to make a job interview shortlist today. That’s according to a recent poll by recruiting experts Hays, which found a further 33% understand “to ... More >>

Seafood Industry Celebrated At The Seafood Sustainability Awards

Tuesday, 4 August 2020, 10:24 am | Seafood New Zealand

The big winner at last night’s Seafood Sustainability Awards was a man who has spent almost 20 years working to protect seabirds and marine mammals in the commercial fishing industry. The awards, held for the first time at parliament last night, were ... More >>

Auckland Property Market Shakes Off Economic And Election Apprehensions

Tuesday, 4 August 2020, 10:20 am | Barfoot and Thompson

Rather than being tempered by medium term economic concerns or the approach of a General Election, the Auckland housing market has enjoyed its strongest sales performance in a July for five years. “In July, buyers put aside any apprehensions they may ... More >>

Air New Zealand To Take Tongans Home

Tuesday, 4 August 2020, 10:16 am | Air New Zealand

An Air New Zealand flight has just taken off from Auckland International Airport to repatriate citizens from Tonga who have remained in New Zealand since the COVID-19 lockdown. Flight NZ970 is expected to arrive at Fua’amotu International Airport ... More >>

Huggies Rallies For Our Nation’s Most Vulnerable

Tuesday, 4 August 2020, 10:11 am | Huggies

Whānau Āwhina Plunket is welcoming support from Kiwis to help them provide nappies and baby clothing to those who need them most. The impacts of COVID-19 are challenging for many whānau, and Huggies new initiative Hug it Forward ensures everyone can ... More >>

Unisys Strengthens Multi-Cloud Advisory Services, Offers Comprehensive Strategies

Tuesday, 4 August 2020, 9:54 am | Unisys

New capabilities help organisations plan and implement smart, efficient and secure infrastructure migration, application modernisation and cloud management strategies More >>

Emerging Leader Olivia Egerton Wins Director Award

Tuesday, 4 August 2020, 9:28 am | Institute Of Directors

The Canterbury Branch of the Institute of Directors (IOD) has announced that emerging leader Olivia Egerton is their 2020 First Steps in Governance awardee. The award is given each year by the professional body of directors and seeks individuals who ... More >>

Only 10% Of Companies Have The Customer-Centric Supply Chains Required For Resilience

Tuesday, 4 August 2020, 9:25 am | Accenture

With COVID-19 magnifying the challenges and changing global demands of supply chains, now is the time to make the lifeline of humanity more responsible and relevant than ever More >>

InternetNZ And CERT NZ Partner To Protect New Zealanders

Tuesday, 4 August 2020, 9:17 am | Internet NZ

InternetNZ is pleased to announce its security product, Defenz DNS Firewall, is now consuming CERT NZ’s local threat feed. Defenz DNS Firewall protects Internet users from phishing attacks, malware, ransomware and botnets helping to manage online ... More >>

Post-pandemic Cleaning Habits According To Kiwi-owned Cleaning Company Premium Clean

Tuesday, 4 August 2020, 9:15 am | Premium Clean

AUCKLAND, NZ --- “It can come back if we are not careful, aware of our surroundings, and clean enough”, says Director of Premium Clean on novel coronavirus situation. “To all our fellow Kiwis, as we inch back to the new normal, let’s put in triple ... More >>

July 2020 New Vehicles Sales Surprisingly Strong

Tuesday, 4 August 2020, 8:32 am | Motor Industry Association

Motor Industry Association Chief Executive David Crawford says that July 2020 registrations came in at 3.1% over July 2019 with 12,263 vehicles registered, up 366 units on the same month this time last year. “Year to date the market is down 24.8% in a year ... More >>

More Important Than Ever: New Zealand’s Tech Sector

Tuesday, 4 August 2020, 8:00 am | NZTech

NZTech chair Mitchell Pham, left, and chief executive Graeme Muller. It is difficult for most Kiwis to think about the world before the covid pandemic but the nation's digital future is no longer a conversation about what the future may hold, because ... More >>

Virgin Galactic Unveils Mach 3 Aircraft Design For High Speed Travel, And Signs MoU With Rolls-Royce

Tuesday, 4 August 2020, 7:18 am | Virgin Galactic

Virgin Galactic Holdings, Inc. (NYSE: SPCE) (“Virgin Galactic”), a vertically integrated aerospace and space travel company, which includes its manufacturer of advanced air and space vehicles, The Spaceship Company (“TSC”), announced today ... More >>

Climate Change Risk Assessment Highlights Window Of Opportunity

Monday, 3 August 2020, 5:48 pm | Sustainable Business Council

The release of the National Climate Change Risk Assessment is an important step towards developing practical measures to reach our carbon zero goal, Sustainable Business Council Executive Director Mike Burrell says. The Risk Assessment released ... More >>

NZ Airports Welcomes Funding For Chatham Islands Runway

Monday, 3 August 2020, 5:20 pm | NZ Airports

The NZ Airports Association (NZ Airports) has welcomed the Governments’ announcement that the Chatham Islands will receive $40m in Covid-19 recovery funding, the great majority of which will go to upgrading the runway at Tuuta Airport, allowing larger ... More >>

Legal Firms’ Headquarters For Sale Set To Raise The Bar In Tauranga

Monday, 3 August 2020, 4:36 pm | Bayleys Realty Group

525 Cameron Road With spectacular views of the central city and inner harbour including a wrap-around roof-top entertaining area, you can see why this space is the headquarters of one of Tauranga’s biggest legal firms. 525 Cameron Road with its striking green ... More >>

Staff Exhausted, Clients At Risk: PSA Requests Intervention

Monday, 3 August 2020, 3:38 pm | PSA

Workers who support New Zealand’s most vulnerable people say their clients are in danger because their employer introduced failing systems. HealthCare NZ is a privately owned for-profit company that provides publicly funded home care and support to elderly, ... More >>

Auckland Airport’s international terminal to be split

Monday, 3 August 2020, 3:33 pm | Auckland Airport

Auckland Airport’s international terminal will be separated into two zones as part of a plan to protect the health and safety of people flying to and from countries with which New Zealand has formed a safe travel bubble. More >>