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Ideagen recognised as a Representative Vendor

Saturday, 11 June 2016, 8:33 pm | Ideagen

Ideagen recognised as a Representative Vendor by Gartner for Pentana in Market Guide for Audit Management Solutions More >>

NZ dollar falls from 12-month high, greenback gains

Friday, 10 June 2016, 5:16 pm | BusinessDesk

NZ dollar falls from 12-month high as rate cut bets re-emerge, greenback gains More >>

Business support organisations feature in annual awards

Friday, 10 June 2016, 4:58 pm | AUT University

Behind every business success story is a support network of organisations that make their achievements possible. More >>

BNZ follows other banks with foreign house buyer restriction

Friday, 10 June 2016, 4:57 pm | BusinessDesk

June 10 (BusinessDesk) - Bank of New Zealand has joined ANZ Bank New Zealand and Westpac Banking Corp's local unit in restricting mortgage lending for foreign property buyers, following similar steps by their Australian parents. More >>

Battery Energy Storage Trial

Friday, 10 June 2016, 3:44 pm | Alpine Energy

Alpine Energy has worked collaboratively with Infratec Ltd, one of New Zealand’s leading renewable energy firms, to deliver the country’s first grid connected commercial battery energy storage system (BESS) suitable for both network and consumer purposes, ... More >>

Will Air NZ's sale of Virgin shares spark special dividend?

Friday, 10 June 2016, 3:31 pm | BusinessDesk

June 10 (BusinessDesk) - There are mixed views on whether Air New Zealand is likely to pay shareholders a special dividend following the sale of a 19.98 percent stake in Virgin Australia to Chinese conglomerate Nanshan Group for about A$268 million. More >>

Airways secures major contract for Samoa airport upgrade

Friday, 10 June 2016, 3:27 pm | Airways New Zealand

Airways New Zealand has been awarded a major World Bank funded contract by the Samoa Airport Authority to assist with the upgrade of air traffic management systems and infrastructure at Faleolo International Airport. The World Bank is funding a $US ... More >>

Consultation launched on 1 October sustainability round

Friday, 10 June 2016, 3:13 pm | Ministry For Primary Industries

Consultation has opened on the annual review of catch limits and other management settings for a range of fish stocks prior to the start of the new fishing year on 1 October 2016. More >>

Powerhouse invests in collaboration for cancer detection

Friday, 10 June 2016, 2:46 pm | BusinessDesk

June 10 (BusinessDesk) - Technology incubator Powerhouse Ventures is backing a new company developing a cancer-detecting magnetic probe based on collaborative Australia and New Zealand university research. More >>

BP New Zealand more than triples annual profit

Friday, 10 June 2016, 2:30 pm | BusinessDesk

BP New Zealand more than triples annual profit as petrol chains widen margins on cheap oil More >>

Google NZ gets less revenue from parent in 2015

Friday, 10 June 2016, 2:29 pm | BusinessDesk

June 10 (BusinessDesk) - Google New Zealand, the local unit of the global search engine, received less revenue from its parent and related companies in 2015 as the Project Loon broadband pilot project was scaled back from 2014, even though it continued ... More >>

Choice Hotels extends its upscale offering to New Zealand

Friday, 10 June 2016, 2:11 pm | Choice Hotels

Choice Hotels Asia-Pac (Choice Hotels) has expanded its global upscale offering to New Zealand, with the launch of the boutique Ascend Hotel Collection and its newly signed partnership with Nugget Point Hotel in Queenstown. More >>

Taste the delights of Balmoral with a new walking tour

Friday, 10 June 2016, 1:46 pm | The Pantograph Punch

A new walking tour of Balmoral will take food lovers on a journey down Auckland’s Dominion Road and through its diverse range of Chinese cuisine. More >>

Cantabrians can now collect, drop and recycle soft plastics

Friday, 10 June 2016, 1:44 pm | The Packaging Forum

The Packaging Forum today launched the Love NZ soft plastic recycling programme at 50 PAK’nSAVE, New World, The Warehouse, Countdown stores across Christchurch; south to Ashburton and north to Rangiora. The Hon Nicky Wagner, MP Christchurch Central ... More >>

Council Praise Farmers’ GRR Engagement

Friday, 10 June 2016, 1:35 pm | Fonterra Shareholders' Council

Fonterra Shareholders’ Council Chairman, Duncan Coull, thanked Fonterra Farmers for their engagement throughout the Governance and Representation Review process and said he was encouraged by the significant support the Board’s resolution received ... More >>

Shareholders send Fonterra back to drawing board

Friday, 10 June 2016, 1:33 pm | BusinessDesk

Fonterra Cooperative Group says it will consider amending constitutional changes that would allow it to shrink its board and adopt a new system for electing farmer directors after failing to win support for the measures at a special meeting of shareholders. More >>

Results of Fonterra Shareholder Voting at Special Meeting

Friday, 10 June 2016, 12:57 pm | Fonterra

Fonterra’s Board and Shareholders’ Council will consider adjustments to the recommendations on the Co-operative’s governance and representation model with a view to bringing a revised proposal back to farmer shareholders before the end ... More >>

Dairy prices down, from farm gate to grocery store

Friday, 10 June 2016, 12:48 pm | Statistics New Zealand

Global dairy prices have fallen over the last two years, meaning lower payments for farmers, and lower prices for consumers. This article provides an overview of the New Zealand dairy industry over recent years. It refers to data from price indexes ... More >>

UPDATE: Stride plans to demerge and list property subsidiary

Friday, 10 June 2016, 12:30 pm | BusinessDesk

June 10 (BusinessDesk) - Stride Property will list its wholly-owned subsidiary Investore Property after an initial public offering as part of its strategy to retain its portfolio investment entity (PIE) tax status. More >>

NZ guest nights rise to a record in April

Friday, 10 June 2016, 11:58 am | BusinessDesk

June 10 (BusinessDesk) - New Zealand guest nights rose in April for the 25th month as soaring tourist numbers helped mark a new record for the month. More >>

New Zealand’s largest team for Associations Forum

Friday, 10 June 2016, 11:48 am | CINZ

New Zealand is leading its largest ever team to the Associations Forum National Conference next month in Melbourne. CINZ Australia Manager Sharon Auld says 14 business events exhibitors are representing New Zealand on the CINZ 100% Pure New Zealand ... More >>

New MINDA Goes Live

Friday, 10 June 2016, 11:44 am | Livestock Improvement Corporation

A new online version of the herd management system most New Zealand farmers use will be officially launched at Fieldays by LIC. More >>

NZ credit, debt card retail spending slips in May

Friday, 10 June 2016, 11:26 am | BusinessDesk

June 10 (BusinessDesk) - New Zealanders cut their retail spending on credit and debit cards for the first time in 13 months in May, as people reduced expenditure on hospitality, petrol and vehicles. More >>

Declines in interest rates push farm input prices down

Friday, 10 June 2016, 11:24 am | Beef And Lamb NZ

Prices for inputs used on New Zealand sheep and beef farms decreased 2.1 per cent in the year to March 2016, which should provide some small relief for farmers facing lower product prices this season. More >>

Bay of Plenty the new kid on the block in for sale market

Friday, 10 June 2016, 11:09 am | Trade Me Property

The average asking price of a typical Bay of Plenty property has risen $101,250 in the past 12 months to land at $533,600 in May and surpassing Auckland’s lift of $95,100, according to the latest Trade Me Property Price Index. More >>

Fuel slows May card spending

Friday, 10 June 2016, 11:03 am | Statistics New Zealand

Retail spending using electronic cards was $4.8 billion in May 2016, up $152 million (3.3 percent) from May 2015, Statistics New Zealand said today. Of the six retail industries, the only decrease in spending was in the fuel industry, down $40 million ... More >>

International visitors help fill hotels and motels

Friday, 10 June 2016, 10:53 am | Statistics New Zealand

International guest nights in April were up 13.4 percent compared with the same month last year, more than offsetting a drop in domestic guest nights that was due to the timing of Easter. More >>

Growing Appetite For NZ Blueberries Produces Record Sales

Friday, 10 June 2016, 10:36 am | New Zealand Blueberries.

AUCKLAND, 10 June 2016: Huge demand for New Zealand blueberries is being welcomed by local growers who have exported a record 1.37 million kilograms of fruit this season. More >>

Stride amends plans for Investore unit with demerger

Friday, 10 June 2016, 10:05 am | BusinessDesk

June 10 (BusinessDesk) - Stride Property will list its wholly-owned subsidiary Investore Property after an initial public offering, changing its earlier plans of spinning out the unit but keeping it in a 'stapled structure. More >>

Air NZ sells stake in Virgin Australia

Friday, 10 June 2016, 9:56 am | BusinessDesk

June 10 (BusinessDesk) - Air New Zealand, the country's national carrier, sold a 19.98 percent stake in Virgin Australia to Chinese company Nanshan Group, which owns Qingdao Airlines, and said it's considering options for its remaining 6 percent holding ... More >>

Updated tool-kit to help farmers improve health and safety

Friday, 10 June 2016, 9:52 am | WorkSafe NZ

An updated tool-kit designed to help farmers better manage risks on their farms will be distributed at National Fieldays at Mystery Creek. More >>

Agreement to Support Social Housing Proposal

Friday, 10 June 2016, 9:19 am | Tauranga Moana

A partnership of Tauranga Moana Iwi Entities has signed an agreement to support a proposal to be the preferred bidder for the purchase and management of the Housing NZ portfolio in Tauranga. More >>

NZ dollar little changed at elevated levels

Friday, 10 June 2016, 9:00 am | BusinessDesk

June 10 (BusinessDesk) - The New Zealand dollar held at elevated levels after the Reserve Bank yesterday kept interest rates on hold, keeping the country's yields attractive as other central banks cut rates. More >>

HiFX Morning Update, June 10 2016

Friday, 10 June 2016, 8:52 am | HiFX

The NZDUSD opens at 0.7134 (mid-rate) this morning. The NZD has continued to surge higher after the RBNZ yesterday morning left interest rates at 2.25%. The NZD is the best performing currency in the G10 for the second consecutive week. More >>

New restrictions on overseas property buyers

Friday, 10 June 2016, 8:42 am | BusinessDesk

June 9 (BusinessDesk) - Two of New Zealand's biggest banks have imposed new restrictions on overseas property buyers. More >>

Spark falls, SkyTV gains on Vodafone merger plan

Friday, 10 June 2016, 8:40 am | BusinessDesk

June 9 (BusinessDesk) - New Zealand shares fell on concern Spark New Zealand would face a stronger rival should Sky Network Television, the biggest gainer on the day, conclude its merger plan with Vodafone New Zealand. More >>

While you were sleeping: Stocks take breather

Friday, 10 June 2016, 7:35 am | BusinessDesk

June 10 (BusinessDesk) - Equities on both sides of the Atlantic fell as investors reassessed whether the outlook for economic growth warrants valuations near record highs. More >>

NZ dollar soars above 71 US cents as OCR unchanged

Friday, 10 June 2016, 1:47 am | BusinessDesk

June 9 (BusinessDesk) - The New Zealand dollar surged after the Reserve Bank kept the official cash rate unchanged and governor Graeme Wheeler said he didn't want to provide any more stimulus to an overheated housing market, stoking speculation ... More >>

Feds partners with Perpetual Guardian

Thursday, 9 June 2016, 5:10 pm | Federated Farmers

A new partnership between Federated Farmers and Perpetual Guardian will encourage members to plan for the future and ensure stability in rural communities through responsible succession planning. More >>

Fertilizer spreading company ordered to pay $150K

Thursday, 9 June 2016, 5:09 pm | WorkSafe NZ

An agricultural services operator, who was found guilty during a judge-alone trial, has been ordered to pay reparations of $85,000 to the family of a contractor who was killed on the job. More >>

Winners Named in 2016 New Zealand CIO Awards

Thursday, 9 June 2016, 5:01 pm | New Zealand CIO Awards

Auckland, 9 June 2016 – Conferenz and IDC today congratulate the winners and finalists in the 2016 NZ CIO Summit Awards. The Awards are made up of six categories, recognising individuals and teams who have shown leadership, innovation and foresight in their ... More >>

Banks impose new restrictions on overseas property buyers

Thursday, 9 June 2016, 4:52 pm | BusinessDesk

June 9 (BusinessDesk) - Two of New Zealand's biggest banks have imposed new restrictions on overseas property buyers. More >>

Pre-ordering produce is the key to reducing food waste.

Thursday, 9 June 2016, 4:52 pm | Organic Boxes

“Pre-ordering your produce is the key to reducing food waste” says Richard Bacon, founder and owner of Organic Boxes. More >>

ZIP opens predator research enclosure

Thursday, 9 June 2016, 4:21 pm | Zero Invasive Predators

A new invasive predator research facility officially opened in Lincoln today by Conservation Minister Maggie Barry is already producing promising results in the battle against rats, stoats and possums. More >>

Entries open for NZI Sustainable Business Network Awards

Thursday, 9 June 2016, 4:14 pm | Sustainable Busniess Network

Entries are now open for New Zealand’s longest-running and pre-eminent sustainability awards. More >>

Revbox training gets more challenging and entertaining

Thursday, 9 June 2016, 4:08 pm | Revbox

Training on the Revbox Erg just got more challenging and entertaining as the stationary trainer is now supported by some of the world’s leading cycle training online websites. More >>

Find your dream team of business advisors

Thursday, 9 June 2016, 3:49 pm | Firestation

An innovative workshop series will be held in Tauranga for business owners to find and connect with the right business advisors to help them succeed. More >>

Tracking feed helps to improve herd productivity

Thursday, 9 June 2016, 3:47 pm | GrainCorp Feeds

Dairy feed company GrainCorp Feeds is offering a free milk monitoring and prediction tool that aims to help farmers increase their productivity. More >>

Talley's ordered to pay $94,000 after death of crewman

Thursday, 9 June 2016, 3:38 pm | Maritime New Zealand

Nelson-based fishing company Talley’s Group Ltd has been fined $73,520 and ordered to pay $21,000 in reparations to the family of a crewman decapitated when a broken rope snapped back while hauling in a net full of tuna. More >>

UPDATE: RBNZ's cost of waiting 'much lower'

Thursday, 9 June 2016, 3:21 pm | BusinessDesk

June 9 (BusinessDesk) - The cost of waiting until the next monetary policy statement in August was "much lower" when viewed against the risk of cutting rates too early as the Reserve Bank weighs up a strong kiwi dollar against the threat of house prices ... More >>

Ralec avoids revealing who is funding its NZX counter-claim

Thursday, 9 June 2016, 3:19 pm | BusinessDesk

June 9 (BusinessDesk) - The former owners of the Clear Grain Exchange avoided having to reveal who is funding their counterclaim against NZX in Wellington's High Court today. More >>

Weak global milk prices may rebound sooner than expected

Thursday, 9 June 2016, 3:17 pm | BusinessDesk

June 9 (BusinessDesk) - Weak global milk prices may head higher sooner than expected with supply coming back into balance with demand, as farmers in New Zealand and Europe pull back production and global demand continues to grow, New Zealand Primary Industries ... More >>

Symantec Launches IoT Solution

Thursday, 9 June 2016, 3:05 pm | Symantec

AUCKLAND – 9 June 2016 – Symantec Corp. (NASDAQ: SYMC), the global leader in cybersecurity, today introduced Symantec Anomaly Detection for Automotive to protect against zero-day attacks and never-before-seen issues facing modern connected vehicles. ... More >>

Huge opportunity for NZ defence manufacturing companies

Thursday, 9 June 2016, 2:52 pm | Make Lemonade

A huge opportunity exists for smart New Zealand defence manufacturing companies to leverage their capabilities and be part of the $20 billion capital defence upgrade, New Zealand Defence Industry Association (NZDIA) chair Bernie Diver says. More >>

Merger means consumers will be offered a "quad" play

Thursday, 9 June 2016, 2:50 pm | BusinessDesk

June 9 (BusinessDesk) - The proposed merger between Sky Tv and Vodafone NZ has “significant potential” for expanding the current triple play offerings – fixed line voice, fixed-line broadband, and pay television services – into a quad-play by adding ... More >>

Strong Dollar Softens Wool

Thursday, 9 June 2016, 2:22 pm | New Zealand Wool Services

New Zealand Wool Services International Limited’s Marketing Executive, Mr Malcolm Ching reports that a rapidly strengthening New Zealand dollar impacted on local wool levels for the 8,000 bales of North Island Wool on offer at auction this week. Due ... More >>