Latest Business Headlines
MARKET CLOSE: NZ shares rise, Kathmandu gains
Thursday, 4 August 2016, 6:34 pm | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand shares gained after Kathmandu Holdings affirmed earnings would rise in line with its guidance. A2 Milk also advanced. More >>
First Software announces latest customer go-live
Thursday, 4 August 2016, 5:04 pm | First Software
First Software, one of New Zealand’s pioneers in Cloud ERP Deployments, are pleased to announce that PK Furniture has gone live with their new ecommerce website ( www.pkfurniture.co.nz ), the final step in a complete replacement of their Front and Back Office systems ... More >>
Fisher Funds directors share $10.3 million dividend pot
Thursday, 4 August 2016, 4:29 pm | BusinessDesk
Aug. 4 (BusinessDesk) - Fisher Funds Management, which manages $6.9 billion on behalf of more than 250,000 investors, almost doubled the dividend paid to its owners in the last financial year, with directors sharing a dividend pot of $10.3 million, ... More >>
China’s WeChat enters New Zealand
Thursday, 4 August 2016, 3:46 pm | WeChat
Life just got way easier for NZ’s 400,000 Chinese tourists as China’s WeChat enters the New Zealand payments market with WePay More >>
New Zealand Company develops Sustainable Solution
Thursday, 4 August 2016, 3:25 pm | Ecoware
An innovative New Zealand packaging company has developed an alternative environmentally friendly solution to traditional oil-based takeaway coffee cups, which are not able to be recycled, and have no end of life option other than ending up in landfill. More >>
New RTONZ Chair announced
Thursday, 4 August 2016, 3:22 pm | Regional Tourism Organisations New Zealand
Regional Tourism Organisations New Zealand (RTONZ) has a new Chair. Graham Budd, CEO of Destination Queenstown, has been elected incoming Chair of RTONZ taking over from David Perks who is remaining as a North Island trustee. Graham has held the ... More >>
Crown theory "wrong" in Ngatata Love fraud case
Thursday, 4 August 2016, 3:08 pm | BusinessDesk
Aug. 4 (BusinessDesk) - The Serious Fraud Office's theory about Ngatata Love's alleged fraud is wrong and payments made by developers through a company owned by his partner had no financial effect on a trust he chaired, the High Court in Wellington heard ... More >>
National Maintenance Engineering Conference Announcement
Thursday, 4 August 2016, 2:51 pm | Maintenance Engineering Society of New Zealand
The 2016 SKF National Maintenance Engineering Conference is set to become the Mecca for young engineers with the announcement today of a major conference participation package for apprentices and engineering students. More >>
New appointment release: Mortgage Express
Thursday, 4 August 2016, 2:48 pm | Mortgage Express
Mortgage Express is pleased to announce the recent appointment of Mike Chen, who joins the team of mortgage advisers. More >>
Cavalier Bremworth signals reinvention
Thursday, 4 August 2016, 2:10 pm | Cavalier Bremworth
Cavalier Bremworth has announced an exclusive Australasian deal with Italian sustainability pioneers Aquafil that will see New Zealand carpet being made from fishing nets and other recycled nylon waste. More >>
AMMA National Conference
Thursday, 4 August 2016, 2:07 pm | Australian Mines and Metal Association
AUSTRALIA’S resource industry has used its annual national employment conference to urge the Turnbull Government to put ‘fundamental workplace relations reform’ back on the political agenda. More >>
Wool Market Firm
Thursday, 4 August 2016, 2:03 pm | NZWSI Weekly Wool Market Report
The South Island auction comprising 4900 bales had a 74 percent clearance with most types remaining stable. More >>
Wool Market Firm
Thursday, 4 August 2016, 2:00 pm | New Zealand Wool Services
The South Island auction comprising 4900 bales had a 74 percent clearance with most types remaining stable. More >>
Three in a row for Ryman Healthcare as Most Trusted brand
Thursday, 4 August 2016, 1:48 pm | Ryman Healthcare
Kiwis have nominated Ryman Healthcare as their Most Trusted Brand in the retirement villages industry for the third year in a row. More >>
Destinationsmagazine.com launches global campaign
Thursday, 4 August 2016, 1:21 pm | Destinations Magazine
An online travel magazine, made in New Zealand with a global mindset, has launched a campaign to change the way the travel industry promotes travel. Backed by its ambassadors for change that include extraordinary individuals such as the world’s oldest yoga ... More >>
Suncorp's NZ general insurance lifts earnings 12%
Thursday, 4 August 2016, 12:54 pm | BusinessDesk
Aug. 4 (BusinessDesk) - Suncorp Group's New Zealand general insurance units Vero and AA Insurance lifted annual earnings as they benefitted from growth in more profitable motor business, although the local group is still focused on stripping out costs. More >>
Finalists reflect significant contribution of women
Thursday, 4 August 2016, 12:50 pm | National Association of Women in Construction
Women are making huge strides in New Zealand’s construction sector with the 37 finalists in the second annual Hays NAWIC Excellence Awards reflecting the increasingly significant contribution being made by women across the industry. More >>
Fuji Xerox NZ introduces Customer Communications solutions
Thursday, 4 August 2016, 12:36 pm | Fuji Xerox
By optimising customer communications and reaching individuals by their preferred channel at the right time, businesses can reduce costs, improve marketing return on investment and satisfy their customers with digitally transformed communications ... More >>
Panhead Custom Ales Supports the Apra Silver Scroll Awards
Thursday, 4 August 2016, 12:22 pm | APRA - AMCOS
APRA AMCOS is pleased to announce that it’s partnering up with Wellington’s Panhead Custom Ales as a sponsor for the 2016 APRA Silver Scroll Awards. Launched in 2013 in an old Dunlop tyre factory in Upper Hutt, Panhead has gone on to establish ... More >>
Financial Markets Good Conduct Guide ‘Fuzzy Law’
Thursday, 4 August 2016, 12:12 pm | Chapman Tripp
Guidelines released by the Financial Markets Authority (FMA) around conduct in financial markets were created without clear relevant statutory basis and are open to subjective interpretation, a Chapman Tripp partner says. More >>
Suncorp New Zealand announces 2016 full year results
Thursday, 4 August 2016, 12:06 pm | Suncorp
Suncorp Group Limited today reported net profit after tax (NPAT) of A$1,038 million for the 12 months to 30 June 2016. More >>
Pyrios launches cloud contact centre service
Thursday, 4 August 2016, 12:05 pm | Pyrios
Auckland, 4 August 2016 – Trans-Tasman communications technology specialist Pyrios (formerly known as Agile) has inked a deal with Interactive Intelligence to bring cloud contact centre services to the New Zealand and Australian markets. More >>
Go Bus to Acquire Luxury Coach Line Business
Thursday, 4 August 2016, 11:33 am | Go Bus
Go Bus Transport, New Zealand’s largest and most diverse bus operator, is to acquire the business and brand of Johnston’s Coachlines. The deal is conditional at this stage but is expected to be completed before 1 September. More >>
Nelson company DroneMate launches the ultimate farming drone
Thursday, 4 August 2016, 11:33 am | Walters PR
Nelson company DroneMate is launching a ground-breaking new agricultural farming drone into the New Zealand market that features a multi-application sensor developed by US company Sentera. More >>
Work to do on corporate governance disclosure, FMA finds
Thursday, 4 August 2016, 11:29 am | Financial Markets Authority
New Zealand listed companies publicly disclose about two-thirds of the corporate governance information that the FMA believes would be useful to investors. However, on average, unlisted companies provided only 24% of the recommended governance information. More >>
Countdown goes cosmic with Star Wars collectibles
Thursday, 4 August 2016, 11:26 am | Countdown Supermarket
Countdown goes cosmic with Star Wars collectibles Countdown and Lucasfilm join forces to offer Cosmic Collectibles to Star Wars fans of all ages 3 August, 2016: Characters, planets and vehicles from the original Star Wars movies and latest release The Force ... More >>
Winston Peters Right to Raise Concerns About Payment Fees
Thursday, 4 August 2016, 11:22 am | Retail NZ
Retail NZ says that NZ First leader the Rt Hon Winston Peters MP is right to raise concerns about the fees levied on merchants by banks and card companies. "Merchants in New Zealand pay a fee every time a customer uses a credit or contactless debit ... More >>
Leadership changes for PHARMAC consumer advisory committee
Thursday, 4 August 2016, 11:19 am | PHARMAC
The Consumer Advisory Committee (CAC) is made up of members of the community who provide input to PHARMAC from a consumer or patient perspective. More >>
NZ firms still relatively opaque on reporting remuneration
Thursday, 4 August 2016, 11:12 am | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand companies generally got a pass mark from institutional investors in terms of their corporate governance but garnered relatively low scores in terms of reporting stakeholder interests and remuneration, the Financial Markets ... More >>
Ebos eyes Australian retail pharmacy with Terry White deal
Thursday, 4 August 2016, 11:09 am | BusinessDesk
Aug. 4 (BusinessDesk) - Ebos Group plans to beef up its Australian retail pharmacy exposure selling its 270-store Chemmart business to Terry White Group and taking a 50 percent stake in the enlarged pharmacy chain. More >>
Noel Leeming to open new South Island flagship store
Thursday, 4 August 2016, 11:04 am | Noel Leeming
Noel Leeming is celebrating its Christchurch heritage with the re-opening of its Moorhouse Ave store tomorrow which has been given a $1 million facelift. More >>
Big cities dominate NZ young horticulturalist contest
Thursday, 4 August 2016, 10:56 am | Young Horticulturist Of The Year
The New Zealand Young Horticulturist of the Year 2016 competition -- traditionally dominated by the regions -- has taken a surprising twist this year with the Auckland and Wellington regions making a clean sweep of early results. More >>
ParrotDog to crowdfund new brewery
Thursday, 4 August 2016, 10:53 am | ParrotDog
Wellington-based brewing company ParrotDog will launch an equity crowdfunding campaign on 10 August to fund their new Lyall Bay brewery. More >>
Nielson Consumer confidence index Q2 2016
Thursday, 4 August 2016, 10:33 am | Nielsen Media Research
AUCKLAND, 4 AUGUST 2016 – In the latest Nielsen Global Survey of Consumer Confidence and Spending Intentions, New Zealand consumer confidence lessened in the second quarter at an index of 96, slightly below the optimism baseline score of 100. The score of ... More >>
Vodafone shakes up the youth market with Vodafone Mates
Thursday, 4 August 2016, 10:22 am | Vodafone
Vodafone shakes up the youth market with Vodafone Mates – offering a new twist in prepay More >>
Kathmandu says annual profit rose as much as 67%
Thursday, 4 August 2016, 10:13 am | BusinessDesk
Aug. 4 (BusinessDesk) - Kathmandu Holdings says annual profit rose as much as 67 percent as better-run promotions widened the outdoor equipment chain's margins. More >>
HiFX Morning Update - August 4 2016
Thursday, 4 August 2016, 8:53 am | HiFX
The NZD has fallen against all its major trading partners over the past 24hrs as investors turn their attention to next week’s RBNZ rate statement. The Reserve Bank will have noted that the Australian Dollar appreciated after the RBA cut their ... More >>
NZ dollar falls as ADP data helps greenback, RBNZ looms
Thursday, 4 August 2016, 8:50 am | BusinessDesk
Aug. 3 (BusinessDesk) - The New Zealand dollar fell after private payrolls data in the US printed stronger than expected and as traders look ahead to next week's Reserve Bank statement and the extent of easing that may be built in. More >>
Ngatata Love fraud trial kicks off
Thursday, 4 August 2016, 8:48 am | BusinessDesk
Aug. 3 (BusinessDesk) - Maori leader Ngatata Love appeared in the High Court in Wellington today accused of obtaining a secret commission and can be named for the first time after a three-year name suppression order was lifted. More >>
MARKET CLOSE: NZ shares drop pre-reporting season
Thursday, 4 August 2016, 8:46 am | BusinessDesk
Aug. 3 (BusinessDesk) - New Zealand shares dropped today as investors booked profits ahead of reporting season, with the main index led lower by Sky Network Television and Meridian Energy. More >>
While you were sleeping: US jobs, oil support mood
Thursday, 4 August 2016, 7:51 am | BusinessDesk
Aug. 4 (BusinessDesk) - Wall Street eked out gains, bolstered by a rebound in oil prices and better-than-expected private sector US jobs data. More >>
Retirement Living in the Heartland of Remuera
Wednesday, 3 August 2016, 5:33 pm | BeGroup
Rawhiti Estate in the heart of Remuera is the newest addition to BeGroup’s network of modern and boutique lifestyle retirement villages. More >>
NZ dollar falls as potential RBNZ rate cut comes into focus
Wednesday, 3 August 2016, 5:24 pm | BusinessDesk
Aug. 3 (BusinessDesk) - The New Zealand dollar fell against the greenback and the Australian dollar as traders started to focus on the Reserve Bank's policy review on Aug. 11 and whether it will need to do more than one 25 basis point cut to stir ... More >>
Turners buys industrial land in Wiri
Wednesday, 3 August 2016, 4:38 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Turners, the financial services firm, has bought a one-hectare industrial site in Wiri for $4.8 million to extend its footprint in South Auckland. More >>
Airways trains next contingent
Wednesday, 3 August 2016, 4:23 pm | Airways New Zealand
Thirty Saudi Arabian students have arrived in New Zealand to start air traffic control training with air traffic services provider Airways. More >>
Green Cross to increase in-home care to elderly
Wednesday, 3 August 2016, 4:02 pm | BusinessDesk
Green Cross Health, the listed medical services provider, says it is looking to offer more in-home care for elderly private patients, but says the government must improve the public funding system. More >>
Star culinary students on course for a winning career
Wednesday, 3 August 2016, 3:57 pm | Service IQ
Cooking is a very serious subject at Manurewa High School. They are the triumphant winners for the third time of the prestigious ServiceIQ Secondary Schools Excellence Award, at this year’s NZ Chefs National Salon in Auckland. The school’s talented ... More >>
Advances in Telehealth Technology Help Join the DOTs
Wednesday, 3 August 2016, 3:36 pm | Vivid Solutions
AUCKLAND, 3 August 2016: The delivery of tuberculosis treatment to patients around Auckland has greatly improved thanks to video conferencing technology that has enabled virtual health consultations resulting in optimal use of public health staff resources ... More >>
Amazon awards consulting partnership to Dynamo6
Wednesday, 3 August 2016, 3:35 pm | Dynamo6
Hamilton based IT services company Dynamo6 has been awarded Waikato’s only consulting partnership for Amazon Web Services (AWS), the fastest growing subsidiary of amazon.com , the well-known international e-commerce company. More >>
EU says claims bloc targeting NZ over tax "misleading'
Wednesday, 3 August 2016, 3:29 pm | BusinessDesk
Aug. 3 (BusinessDesk) - The European Union's representatives to New Zealand say reports that the regional economic bloc is targeting the nation as a tax haven as "incorrect and misleading." More >>
Auror Invites Fuel Retailers to Fill Up on Free Software
Wednesday, 3 August 2016, 3:07 pm | Auror
AUCKLAND, 3 August 2016 – Crime-fighting software company Auror is making a free version of its software platform available to fuel retail businesses under a new, tiered pricing offer announced today. More >>
Business opportunities in Auckland - under Construction
Wednesday, 3 August 2016, 2:53 pm | NZBizBuySell
Auckland is under construction. Urgently requiring more housing and infrastructure to carry a bourgeoning population, it now relies heavily on related businesses to fuel its momentum. The lucrative housing market is not the only way to profit from ... More >>
Kiwi innovation pitches for international success!
Wednesday, 3 August 2016, 2:46 pm | ThirstBat
Kiwi entrepreneur Torben Landl is a man who loves start-ups! Together with kiwi business partner Matt Taggart, they have spent 18 months designing a fully functioning cricket bat that also doubles as drinking device. This uniquely Kiwi product also features ... More >>
Provisional housing market update 7/16: Christchurch Metro
Wednesday, 3 August 2016, 2:14 pm | Harcourts
Provisional data from Harcourts, New Zealand’s largest real estate group, shows the average sale price rose by 10% compared to July 2015, and increased by more than 5% compared to June 2016. More >>
Provisional housing market update 7/16: Auckland & Northland
Wednesday, 3 August 2016, 2:09 pm | Harcourts
Provisional data from Harcourts, New Zealand’s largest real estate group, shows the average sale price in the region is up 15% from July 2016, and up 14.5% compared to June 2016. More >>
NZ commodity prices rise for third straight month
Wednesday, 3 August 2016, 1:27 pm | BusinessDesk
Aug. 3 (BusinessDesk) - New Zealand commodity prices rose for a third straight month in July, led by dairy products, aluminium and meat, although the strong kiwi dollar limited the benefits for local producers. More >>
To The Manor Born
Wednesday, 3 August 2016, 1:25 pm | The Manor
The Manor, Estate (Formally known as The Homestead) will be re-launched & re-visioned with an Open Day event on October 1st 2016from 10-2pm. More >>
Millennium & Copthorne NZ first-half profit jumps 98%
Wednesday, 3 August 2016, 1:13 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, which owns a portfolio of hotels and a controlling stake in property developer CDL Investments, posted a 98 percent jump in first-half profit as it benefited from the nation's tourism boom, ... More >>
Briscoe first-half profit rises at least 32%
Wednesday, 3 August 2016, 1:11 pm | BusinessDesk
Aug. 3 (BusinessDesk) - Briscoe Group, which operates stores selling household items and sports goods, says first-half profit rose at least 32 percent as the retailer widened gross margins on more rigorous promotions and inventory management at the ... More >>
Change of Chair of the Land And Water Forum
Wednesday, 3 August 2016, 12:41 pm | Land and Water Forum
Alastair Bisley has stood down as the Land and Water Forum’s Chair after seven years in the role. More >>
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