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Latest Business Headlines

Growing tourism and trade between New Zealand and Canada

Saturday, 14 December 2019, 6:26 pm | Auckland Airport

The arrival at Auckland Airport of Air Canada’s new service today kickstarts a $38 million injection into the New Zealand economy. More >>

Clock ticking to invest in possibly NZ’s first cannabis cafe

Saturday, 14 December 2019, 4:53 pm | Whakamana Museum

With release of the Government’s draft Cannabis Legalisation and Control Bill, public interest in supporting a new cannabis museum and research institute in central Christchurch has intensified, according to its founders. However, those who can now ... More >>

A mandated Johnson’s coming to town (sing it)

Saturday, 14 December 2019, 12:00 pm | ThinkMarkets

An emphatic victory for Conservatives leader Boris Johnson confirmed exactly what many thought pre-voting – that the UK populace, weathered by years of uncertainty, were only going to the booths to set straight the Brexit decision they thought they ... More >>

YouChoose brings choice to The Bachelorette in 2020

Friday, 13 December 2019, 6:44 pm | Heartland Bank

Heartland Bank is excited to be the broadcast sponsor of TVNZ 2’s The Bachelorette, premiering on New Zealand screens in 2020. Heartland Bank’s YouChoose account will take centre stage as the perfect match for the international blockbuster. More >>

New website for Parlez Speech Language Therapy

Friday, 13 December 2019, 5:47 pm | Parlez Speech and Language Therapy

Dunedin speech and language company Parlez has launched a new website to ensure locals are aware of the range of therapies available. The website address is . Parlez owner Meryl Jones wants to make sure the potential consumers are aware of ... More >>

Seaspan New York visits Port Nelson

Friday, 13 December 2019, 5:06 pm | Port Nelson Ltd

Operated by the Mediterranean Shipping Company (MSC), the Seaspan New York will arrive this Saturday on the high tide and spend 24 hours in Nelson before departing on Sunday at noon. More >>

DairyNZ to Te Papa: We’re not mad, we’re just disappointed

Friday, 13 December 2019, 4:17 pm | DairyNZ

“It’s incredibly disappointing to see our national museum Te Papa reinforcing an overly simplistic anti-farming narrative that negatively impacts the public’s perception of New Zealand farmers and the dairy sector” DairyNZ Chief Executive ... More >>

Auckland office and industrial markets remain tight

Friday, 13 December 2019, 4:06 pm | JLL

(Headline abbreviated, original headline: Auckland’s office and industrial markets remain tight but threat of over-supply looms over retail) More >>

Clearance for Cardrona to acquire Treble Cone

Friday, 13 December 2019, 3:46 pm | Commerce Commission

The Commerce Commission has granted clearance for Cardrona Alpine Resort Limited to acquire either the shares of Treble Cone Investments Limited or the assets it uses to operate the Treble Cone ski field. More >>

International Human Resources specialist to join Ballance

Friday, 13 December 2019, 1:40 pm | Ballance Agri-Nutrients

Ballance Agri-Nutrients is proud to announce that Jackie Rich, an internationally experienced human resources professional, has accepted the role of General Manager People and Capability. More >>

TSG Appoints New CEO to Lead Company’s Asia Expansion

Friday, 13 December 2019, 1:20 pm | TSG

• TSG anticipates major growth in the Japanese Health & Fitness market • Tokyo Office is now open More >>

Commission’s decision could push rates up

Friday, 13 December 2019, 12:58 pm | Regional Tourism NZ

Taking a visitor levy off the table is short sighted and may leave local authorities with no alternative but to raise rates, says Regional Tourism New Zealand (RTNZ). More >>

Ngāi Tahu Holdings appoints Chief Executive

Friday, 13 December 2019, 12:49 pm | Ngai Tahu

Ngāi Tahu Holdings board member and former Tainui Group Holdings Chief Executive Mike Pohio (Ngāi Tahu and Ngāti Pikiao) has been appointed Chief Executive of Ngāi Tahu Holdings. More >>

Courtney Johnston will lead Te Papa into a new era

Friday, 13 December 2019, 11:40 am | Te Papa

Courtney Johnston has been appointed as the new Chief Executive of Te Papa. Ms Johnston will take up the role in December 2019. More >>

Online shopping reaches a tipping point this Christmas

Friday, 13 December 2019, 11:34 am | Slice Media

Online Christmas shopping is closing in on offline purchases this Christmas. Of the organised 15% of us that have completed our Christmas shopping so far, nearly half of us have purchased a gift online. And, 68% of those aged 18-34 reported shopping ... More >>

OPPO confirms Find X2 flagship to be unveiled Q1 2020

Friday, 13 December 2019, 11:32 am | OPPO

OPPO New Zealand has confirmed the next generation of its flagship Find Series, the Find X2, will be unveiled in Q1 2020. More >>

NZ Compare recognised in Fast 500

Friday, 13 December 2019, 11:30 am | NZ Compare

NZ Compare were delighted to be recognised in the 2019 Deloitte Asia Pacific Technology Fast 500 . We ranked number 225 out of 500, and we placed 9th for companies in NZ. Which is an amazing achievement for a New Zealand company that officially launched ... More >>

FMA releases findings of MIS custody review

Friday, 13 December 2019, 11:28 am | Financial Markets Authority

The Financial Markets Authority has published a summary report on a review of custody arrangements in managed investment schemes (MIS) in response to questions raised by the International Monetary Fund (IMF) More >>

Xe Data Update - UK Election Exit Poll Results

Friday, 13 December 2019, 11:20 am | XE Money Transfer

The UK Election Exit Poll results have just been released and indicate a majority to Boris Johnson’s Conservative Party. More >>

Bread Back for Christmas - Baking Strike Over

Friday, 13 December 2019, 11:19 am | George Weston Foods

Auckland, 13 December 2019 – George Weston Foods has confirmed that it has reached an agreement with members of the Northern Collective Union, and that the union has withdrawn its strike notice. More >>

Exporters urge WTO to fix Appellate Body

Friday, 13 December 2019, 11:06 am | Joint Press Release

Major New Zealand food and beverage exporters are urging World Trade Organisation Members to accelerate efforts to ‘fix’ its trade disputes mechanism which is currently suspended. More >>

Company-X ranks on Deloitte Technology Fast 500 Again

Friday, 13 December 2019, 10:52 am | Company X

HAMILTON, NEW ZEALAND, DERCEMBER, 2019: Company-X today announced that it ranked Number 496 on the Deloitte Technology Fast 500™ Asia Pacific 2019, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based ... More >>

New record median house price for NZ & 10 regions

Friday, 13 December 2019, 9:38 am | Real Estate Institute Of New Zealand

Median house prices across New Zealand increased by 8.6% in November to a new record high of $630,000, up from $580,000 in November 2018, and 10 regions saw record median prices according to the latest data from the Real Estate Institute of New Zealand ... More >>

Debt collector warned for likely harassment, coercion

Friday, 13 December 2019, 9:17 am | Commerce Commission

An account director of a debt collection company and the company have both been warned by the Commerce Commission over information given to debtors and for conduct which the Commission considers was likely to be harassment and/or coercion. More >>

FMA clarifies green bond disclosure requirements

Friday, 13 December 2019, 9:06 am | Financial Markets Authority

The Financial Markets Authority (FMA) has published an information sheet outlining when issuers of securities described as “green bonds” can apply the “same class exclusion” to disclosure requirements. More >>

Air New Zealand opens new lounge in Nelson

Friday, 13 December 2019, 8:50 am | Air New Zealand

Air New Zealand has today opened its new regional lounge in Nelson. The lounge, which will cater for around 130 customers, has almost double the seating of the previous space. It is located on Level 1 of the new Nelson Airport terminal and has a number ... More >>

NZ construction industry needs overseas help to deliver

Friday, 13 December 2019, 8:49 am | New Zealand Chinese Building Industry Association

New Zealand’s construction sector will need international help to deliver the magnitude of infrastructure work that could flow through as a result of the Government’s plan to bring forward significant spending on infrastructure projects over coming ... More >>

Aroa Biosurgery appoints experienced Aus-based director

Friday, 13 December 2019, 8:44 am | Aroa Biosurgery

Auckland, NZ. Aroa Biosurgery Limited (Aroa), a New Zealand-headquartered, privately held soft-tissue repair company has appointed highly experienced Australia-based, Non-executive Director, John Diddams to its Board. Aroa Chair, Jim Mclean says Mr ... More >>

XE Morning Update

Friday, 13 December 2019, 8:43 am |

The NZD opens at 0.6582 All eyes will be on the UK this morning, with the results of their election starting to come thick and fast. The Polls close and the highly anticipated Exit Poll will come in at 11:00 AM NZT. Historically these can be pretty ... More >>

Iwi to receive largest ever cash dividend from Moana NZ

Friday, 13 December 2019, 8:20 am | Moana New Zealand

The largest Iwi-owned kaimoana and kai ora company, Moana New Zealand, has today reported a net profit after tax of $22.8 million for the year ended 30 September 2019. Finishing the year at 109% of plan, this is 7% up on last year’s profit of ... More >>

Final phase of renovation almost complete

Friday, 13 December 2019, 8:19 am | Transport World

The end is in sight. The third and final phase of renovation work on the two period buildings Classic Motorcycle Mecca calls home is almost complete. Transport World property manager Sue Hill says the extensive renovation of the inner-city buildings ... More >>

Tip Top workers’ victory brings bread shortage to an end

Friday, 13 December 2019, 8:10 am | FIRST Union

FIRST Union members at George Weston Foods Ltd in South Auckland, who produce Tip Tip branded bread products, have reached a deal with the company after emergency negotiations that will end industrial action and bring a national bread shortage ... More >>

Family lane introduced at Auckland Airport for holidays

Friday, 13 December 2019, 7:59 am | Auckland Airport

Families flying overseas from Auckland Airport this Christmas will have the choice of using a dedicated lane at pre-flight security screening. More >>

Primary Sector Council launch Fit for a Better World vision

Friday, 13 December 2019, 7:58 am | Primary Sector Council

The Primary Sector Council has today released Fit for a Better World , its bold new vision for New Zealand’s agriculture, food and fibres sector. More >>

Gisborne Chainsaw and & Services gift mower to SPCA

Friday, 13 December 2019, 7:56 am | Gisborne Chainsaw and Mower Services

Family owned and operated Gisborne Chainsaw and Mower Services 2015 Ltd along with Husqvarna are giving the gift of Christmas this year to their local SPCA. “I feel it is important to give back to the community if you can. The SPCA are a great charity,” ... More >>

NZ fresh produce automation leader breaks into UK market

Thursday, 12 December 2019, 7:43 pm | Global Pac Technologies

Global Pac Technologies automated robotic apple packer is continuing to make strides in securing market share across the global packing market with the announcement of its first two installations in the UK market. More >>

Updated weights for Trade-Weighted Index

Thursday, 12 December 2019, 5:08 pm | Reserve Bank

The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Friday 13 December 2019. More >>

New Te Aho Tāmaka Leaders Celebrated

Thursday, 12 December 2019, 5:00 pm | The Central Economic Development Agency

The Central Economic Development Agency (CEDA) is thrilled to announce the 2019 Te Aho Tāmaka Manawatū Leaders. This year’s leaders add a new range of expertise to the programme. “We’re excited to be connecting with leaders in a diverse range ... More >>

Air New Zealand secures capacity to maintain schedule

Thursday, 12 December 2019, 4:33 pm | Air New Zealand

Air New Zealand alliance partner Cathay Pacific will take over operations of the Hong Kong-Auckland return service for most of the next three months. The move allows Air New Zealand capacity flexibility in its international operations as it deals ... More >>

EU clawback takes added value dairy opportunites off table

Thursday, 12 December 2019, 4:31 pm | Dairy Companies Association of New Zealand

The ongoing expansion of the EU’s geographic indication (GI) agenda will now prevent New Zealand dairy producers from exporting feta and other commonly produced cheeses to the high value Chinese market, as part of a recent agreement between the EU and ... More >>

DairyNZ and Beef + Lamb NZ welcome sector-wide vision

Thursday, 12 December 2019, 4:16 pm | DairyNZ

DairyNZ and Beef + Lamb New Zealand welcome today’s launch of a shared sector-wide vision to be world leaders in the sustainable production of high-quality food and fibre. “We are supportive of the Primary Sector Council’s broad vision of having ... More >>

PaySauce makes Asia Pacific Technology Fast 500

Thursday, 12 December 2019, 4:02 pm | PaySauce

Wellington, 12 December, 2019 - Employment solutions provider PaySauce (NZX: PYS) announces their placement on Deloitte’s annual Asia Pacific Technology Fast 500 index with a 607% growth rate. This marks the first time the company has placed on ... More >>

Feds happy to see recognition for the future of farming

Thursday, 12 December 2019, 3:13 pm | Federated Farmers

The government’s launch today of a strategy for the future of farming will encourage farmers to continue with the work they are already doing, constantly focusing on improving their farming operations, Federated Farmers says. More >>

Council funding recommendations deserve action, Feds says

Thursday, 12 December 2019, 3:12 pm | Federated Farmers

Some worthwhile recommendations but ultimately underwhelming is Federated Farmers’ summary of the Productivity Commission’s final report on local government funding and financing. More >>

Financial advisers welcome bill to improve financial service

Thursday, 12 December 2019, 2:55 pm | Financial Advice New Zealand

Financial Advice NZ welcomes the introduction of the Financial Markets (Conduct of Institutions) Amendment Bill into Parliament. More >>

Evidence-based look at Port relocation

Thursday, 12 December 2019, 2:50 pm | Auckland Business Chamber

The evidence-based examination that agencies have been asked to provide on Auckland port’s relocation is the best possible reassurance Auckland has received. This means we can move on from opinion writers and political interference to an objective ... More >>

Leadership needed to act on local government reform

Thursday, 12 December 2019, 2:40 pm | Business Central

The Productivity Commission's exhaustive report on improving the performance and efficiency of local government is just the first step towards effective reform of the sector, according to Business Central. More >>

Tourism industry will sleep better without bed tax

Thursday, 12 December 2019, 2:29 pm | Tourism Industry Aotearoa

The Productivity Commission has dropped its support for local bed taxes and has accepted Tourism Industry Aotearoa’s position that international visitors are already more than paying their way, primarily through the GST system. More >>

Prudent, workable suggestions for council funding

Thursday, 12 December 2019, 2:24 pm | Business NZ

BusinessNZ says the Productivity Commission has listened to business concerns in making its recommendations on council funding. More >>

Time to act on rates

Thursday, 12 December 2019, 2:22 pm | Business NZ

"Let’s get on with it" is the message from a group of national business organisations responding to the Productivity Commission’s final report from its year-long Inquiry into Local Government Funding and Financing. More >>

Improvements to ANZ director attestation processes required

Thursday, 12 December 2019, 2:19 pm | Reserve Bank

The first of two Section 95 reports requested from ANZ New Zealand (ANZ) has been completed with the findings showing that further improvements are required to ANZ’s director attestation processes. More >>

Hospitality NZ Response to Productivity Commission Report

Thursday, 12 December 2019, 2:09 pm | Hospitality NZ

“Visitors are already paying their fair share, contributing $1.7 billion annually in the form of GST. Tourists already pay for the costs they create that support the tourism and hospitality industry.” said Hospitality New Zealand Chief Executive, ... More >>

Decisions on review of goods clearance fees

Thursday, 12 December 2019, 1:35 pm | New Zealand Customs Service

Acting Comptroller of Customs Bill Perry says changes to Customs fees for clearing imported and exported goods will come into effect on 1 June 2020. More >>

Go with Tourism makes debut in Northland

Thursday, 12 December 2019, 1:32 pm | Northland Inc

Go with Tourism , a new platform that matches jobseekers with tourism employers, launched in Northland today. More >>

Primary Sector Council’s unification vision welcomed

Thursday, 12 December 2019, 1:14 pm | Horticulture NZ

Horticulture New Zealand says the Primary Sector Council’s vision to align the food and fibre sector is the right one, because it will enable the sector and the Government to respond collectively to current and future challenges. More >>

Reduced hydro generation impacts on renewable share

Thursday, 12 December 2019, 1:01 pm | Ministry of Business Innovation and Employment

Reduced inflows into North Island hydro schemes contributed to a decline in the share of electricity generated from renewable sources in the third quarter of 2019, according to the New Zealand Energy Quarterly released today by the Ministry of Business, Innovation ... More >>

RFA announces tender process for speedway operations

Thursday, 12 December 2019, 1:00 pm | Regional Facilities Auckland

Regional Facilities Auckland (RFA) announced today it will issue tender invitations in early 2020 to interested parties for speedway operations at Western Springs Stadium. More >>

Businesses encouraged to join 10 banks in Samoa fundraiser

Thursday, 12 December 2019, 12:46 pm | Westpac

Staff from a range of banks around New Zealand will be wearing their hearts on their sleeves on Tuesday (17 December) as they raise funds for Samoan families affected by the devastating measles epidemic. More >>

Entries open for 2020 NZ Hi-Tech Awards

Thursday, 12 December 2019, 12:18 pm | NZ Hi-Tech Awards

Thursday 12 December 2019, Auckland – Entries are now open for the 2020 NZ Hi-Tech Awards, New Zealand’s premier technology awards programme. More >>

Unprecedented temperatures driving demand for home air con

Thursday, 12 December 2019, 11:53 am | Mahurangi Aircon and Electrical

Soaring temperatures in November have seen a growing demand for at-home air conditioning units, as Kiwis look to stay cool in unseasonably sweltering weather. More >>