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Wall St mixed as it eyes inflation data, trade moves

Tuesday, 13 March 2018, 9:50 am | BusinessDesk

March 13 (BusinessDesk) - Wall Street was mixed, with the Dow and the S&P; 500 giving up earlier gains, as investors eyed the latest inflation data scheduled for release this week as well as further trade negotiations prompted by the new US tariffs ... More >>

Subaru and Federated Farmers join forces

Tuesday, 13 March 2018, 9:41 am | Federated Farmers

Subaru of New Zealand is joining forces with Federated Farmers to launch a new partnership to support farmers who ‘do’. More >>

Eagle Protect discontinues vinyl glove sales due to risks

Tuesday, 13 March 2018, 9:15 am | Eagle Protect

Due to growing scientific evidence of the toxic effects of vinyl (PVC) gloves to the environment, to food safety and to glove user health, Eagle Protect, leading supplier of disposable gloves to 80% of NZ’s primary food processing industry, ... More >>

Polycom’s Fastest-Selling Conference Phone Builds Momentum

Tuesday, 13 March 2018, 8:55 am | Polycom

Auckland, March 13, 2018 – The first “smart phone” for the conference room, Polycom Trio is now the fastest selling conference phone in the company’s history - used in more than 57 percent of Fortune 100 companies. Within these organisations, ... More >>

HiFX Morning Update, March 13 2018

Tuesday, 13 March 2018, 8:21 am | HiFX

The NZDUSD opens at 0.7297 (mid-rate) this morning. A lack of economic data to drive direction has seen currency markets trade within tight ranges over the past 24 hours. The NZDUSD is holding close to the middle of its two month 0.7200 - 0.7400 range. ... More >>

KET CLOSE: NZ shares gain, A2 Milk rises on index hopes

Monday, 12 March 2018, 8:31 pm | BusinessDesk

MARKET CLOSE: NZ shares gain, A2 Milk rises on index hopes, Pushpay up while Heartland drops More >>

NZ seeks exemptions from US steel and aluminium tariffs

Monday, 12 March 2018, 8:20 pm | BusinessDesk

March 12 (BusinessDesk) - New Zealand is actively seeking exemption from the punitive tariffs imposed on imports of steel and aluminium to the United States, arguing the country has a relationship with the US "not unlike Australia's", is running ... More >>

NZ dollar climbs to 2-week high after tepid US wages growth

Monday, 12 March 2018, 8:19 pm | BusinessDesk

March 12 (BusinessDesk) - The New Zealand dollar rose to a two-week high against the greenback, joining a rally across Asian equity markets, after a slowdown in the pace of US wage growth led investors to pare back US rate hike expectations. More >>

Trade war could create 'considerable fallout' to NZ economy

Monday, 12 March 2018, 7:54 pm | BusinessDesk

March 12 (BusinessDesk) - New Zealand's small and trade-reliant economy faces "considerable fallout" if the imposition of US tariffs on steel and aluminium triggers a trade war, say ASB Bank economists. More >>

International hotel developers keen on New Zealand

Monday, 12 March 2018, 6:23 pm | BusinessDesk

March 12 (BusinessDesk) - International hotel developers are stepping up their interest in New Zealand as guest nights and tourism inflows continue to hit new records, according to Bayleys Real Estate. More >>

Pioneer Capital sells Pukeko Pictures stake

Monday, 12 March 2018, 6:22 pm | BusinessDesk

March 12 (BusinessDesk) - Investment firm Pioneer Capital has settled the sale of its 33 percent stake in Wellington TV and film animation production house Pukeko Pictures to China's Hengxin Shambala Culture for $15 million. More >>

Caniwi Capital buys exposure to housing boom

Monday, 12 March 2018, 6:21 pm | BusinessDesk

March 12 (BusinessDesk) - Wellington-based private equity fund Caniwi Capital has purchased Auckland-based Lancer Aluminium, buying exposure to the booming Auckland residential construction market through the firm, which makes aluminium window and ... More >>

Spark trims senior leadership team, will flatten structure

Monday, 12 March 2018, 6:20 pm | BusinessDesk

March 12 (BusinessDesk) - Spark New Zealand will trim its senior leadership team as it shifts to a flatter, less hierarchical structure from the September quarter. More >>

Lyttelton port workers on strike from midnight

Monday, 12 March 2018, 6:14 pm | Rail And Maritime Transport Union

Members of the Rail and Maritime Transport Union (RMTU) who work at Lyttelton Port Company will begin industrial action tonight, and may not return to work until 25 March. More >>

Industry stalwarts join INZBC Board

Monday, 12 March 2018, 4:42 pm | India NZ Business Council

Three new members have joined the governance board of the India New Zealand Business Council, two of whom are senior business women. INZBC, established over thirty years ago is the undoubtedly the longest serving and effective Business council in the ... More >>

New chair to lead New Zealand Winegrowers Research Centre

Monday, 12 March 2018, 4:05 pm | New Zealand Winegrowers

Mark Gilbert has been appointed as independent chair to the New Zealand Winegrowers Research Centre (NZWRC) Ltd. More >>

Syndex Announces Three Million Dollars Traded

Monday, 12 March 2018, 4:05 pm | Syndex

Online trading platform Syndex has broken the three-million-dollar threshold of trades on its secondary market. More >>

Wool in one of its 'best moments' on millennial demand

Monday, 12 March 2018, 3:12 pm | BusinessDesk

March 12 (BusinessDesk) - The head of 150-year old Italian textile mill Successori Reda, who has spent the past week in the merino growing regions of the South Island with his top executives, says wool is having one of its best ever moments, driven ... More >>

Briscoe fends off margin squeeze

Monday, 12 March 2018, 3:09 pm | BusinessDesk

March 12 (BusinessDesk) - Briscoe Group coped with a margin squeeze in the latest financial year to deliver a new record profit as sales growth continued to underpin earnings. More >>

Five businesses warned for anti-money laundering failures

Monday, 12 March 2018, 3:08 pm | Financial Markets Authority

Five businesses warned for Anti-Money Laundering/Countering Financing of Terrorism failures The Financial Markets Authority (FMA) has issued formal warnings to five reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing ... More >>

NZ guest nights hits record in January

Monday, 12 March 2018, 2:40 pm | BusinessDesk

March 12 (BusinessDesk) - New Zealand guest nights hit a record in January, rising 1.4 percent on the year with hotels and holiday parks in high demand. More >>

Brendan O'Donovan to take Cooperative Bank chair in June

Monday, 12 March 2018, 2:29 pm | BusinessDesk

March 12 (BusinessDesk) - Cooperative Bank director Brendan O'Donovan will take over the lender's chair in late June, replacing Steven Fyfe who plans to retire at the bank's annual meeting. More >>

Auckland's ‘Old Synagogue’ building for sale

Monday, 12 March 2018, 2:00 pm | Bayleys

A landmark historic building that was once the centre of Jewish religious life in Auckland for almost a century has been placed on the market for sale. More >>

Glen Eden Large corner site with development potential

Monday, 12 March 2018, 1:55 pm | Bayleys

The land and buildings currently leased to the Salvation Army store and Cash Converters in West Auckland have been put on the market for sale. More >>

Arvida on track to build 94 new units in second half

Monday, 12 March 2018, 1:28 pm | BusinessDesk

Arvida on track to build 94 new units in second half, says Fletcher relationship 'strong' More >>

Investore will pay at least 4.4% in $100 mln bond offer

Monday, 12 March 2018, 1:22 pm | BusinessDesk

March 12 (BusinessDesk) - Investore Property will pay annual interest of at least 4.4 percent on its $100 million bond offer after setting its indicative margin ahead of next week's bookbuild, where the final price will be set. More >>

Spark announces leadership team changes

Monday, 12 March 2018, 1:13 pm | Spark

Spark New Zealand has announced today upcoming changes to its leadership team as the company works towards adopting an Agile way of working across the organisation. More >>

RNZ and The Spinoff announce content partnership

Monday, 12 March 2018, 1:00 pm | RNZ

Under the arrangement material from rnz.co.nz will appear on thespinoff.co.nz and vice versa. More >>

Briscoe Group Posts Record Profit

Monday, 12 March 2018, 12:58 pm | Briscoe Group

Highlights for the full year ended 28 January 2018 • Total sales $603.09 million, +3.47% • Same store sales growth, +3.11% • Gross profit $244.17 million, +2.01% • Gross profit margin 40.49% (Last year 41.07%) • EBIT $83.36 million, +4.43% ... More >>

A new approach to copyright can help drive innovation

Monday, 12 March 2018, 12:54 pm | Deloitte

12 March 2018, Wellington: The introduction of more flexible copyright laws could drive greater economic growth and enable New Zealand to capitalise on the shift to a digital economy, according to a new report released at InternetNZ’s NetHui on ... More >>

Trilogy warns annual earnings may get hit by volatile sales

Monday, 12 March 2018, 12:23 pm | BusinessDesk

March 12 (BusinessDesk) - Trilogy International has warned annual earnings may fall short of official guidance after a volatile quarter for its Ecoya scented candles and uncertainty as to the timing of some Lanocorp beauty products orders. More >>

Three Wins the Week

Monday, 12 March 2018, 12:14 pm | Mediaworks

Three won the week in the commercially important 25-54 demographic with an average weekly rating of 4.5 and average weekly audience share of 23.1%, up 2.8 share points year-on-year and 3.3 share points year-to-date. More >>

EPA serves Compliance Order on Task Protection Services Ltd

Monday, 12 March 2018, 12:12 pm | Environmental Protection Authority

The Environmental Protection Authority has served a Compliance Order on Task Protection Services Ltd, as part of its inquiry into fire-fighting foams, Chief Executive Dr Allan Freeth announced today. More >>

NZ dollar holds gains

Monday, 12 March 2018, 11:43 am | BusinessDesk

March 12 (BusinessDesk) - The New Zealand dollar held its gains as weaker-than-expected US wage growth weighed on the outlook for US interest rates, while domestic economic data and trade uncertainty remain the focus for local investors. More >>

World Week Ahead: US inflation, retail sales in focus

Monday, 12 March 2018, 11:08 am | BusinessDesk

March 12 (BusinessDesk) - Investors will eye the latest data on US inflation and retail sales to gauge the outlook for the pace of Federal Reserve interest rate increases, while investors will also scrutinise any further developments on global trade and ... More >>

NZTA calls for hi-tech ideas to make roads safer

Monday, 12 March 2018, 10:59 am | NZTA

The NZ Transport Agency is looking for new and creative hi-tech ideas to help save lives on the road. More >>

Record guest nights in January

Monday, 12 March 2018, 10:57 am | Statistics New Zealand

Guest nights spent in short-term accommodation reached record levels in January, Stats NZ said today. Guest nights rose to 4.97 million, 1.4 percent higher than in January 2017. More >>

Kiwi Design Director to Judge ADFEST

Monday, 12 March 2018, 10:15 am | Strategy Creative

Strategy Creative Christchurch Design Director Chris Flack flies to Thailand this Saturday to be a judge at ADFEST 18. More >>

2degrees switches off 2G network this Thursday

Monday, 12 March 2018, 9:43 am | 2 Degrees Mobile

On Thursday, March 15th, 2degrees will turn off its 2G mobile network. More >>

Setting up Rotorua businesses for long-term success

Monday, 12 March 2018, 9:28 am | Firestation

Applications are open for subsidised business training programmes to help launch, grow and scale Rotorua businesses and non-profits. More >>

ANZ introduces accessibility features on Visa Debit cards

Monday, 12 March 2018, 9:22 am | ANZ New Zealand

ANZ has launched a new Visa Debit card with accessibility features to make banking easier for customers with a disability. More >>

High profile city-fringe investment property for sale

Monday, 12 March 2018, 9:17 am | Bayleys

A prime corner site piece of land directly opposite Auckland Hospital and just a short walking distance from the city’s university precinct has been placed on the market for sale. More >>

HiFX Morning Update, March 12 2018

Monday, 12 March 2018, 8:37 am | HiFX

The NZDUSD opens at 0.7291 (mid-rate) this morning. Stronger than expected job growth in the US failed to boost the USD with investors concerned over the slowdown in pace of wage growth. Friday’s labour department report showed non-farm payroll employment ... More >>

Josh Cozens named Waikato/Bay of Plenty FMG Young Farmer

Sunday, 11 March 2018, 2:07 pm | FMG Young Farmer

Josh Cozens named Waikato/Bay of Plenty FMG Young Farmer of the Year An Edgecumbe dairy farmer has been named the Waikato/Bay of Plenty FMG Young Farmer of the Year. Josh Cozens, 29, took out the title after winning the fiercely-contested Waikato/Bay ... More >>

2018 Auckland/Hauraki Dairy Industry Awards winners

Sunday, 11 March 2018, 2:05 pm | NZ Dairy Industry Awards

The 2018 Auckland/Hauraki Dairy Industry Awards Share Farmer of the Year winners are first-time entrants who grew up on farms in different countries and knew they wanted the same experience for their children. More >>

SEANZ joins call to end oil and gas exploration

Saturday, 10 March 2018, 11:11 am | SEANZ

Today SEANZ has joined a long list of business leaders, iwi leaders, scientists, environmentalists, actors, musicians, health professionals and others in pledging our support for the New Zealand Government to end oil and gas exploration now, as ... More >>

MARKET CLOSE: NZ shares rise; Metro Glass rebounds

Friday, 9 March 2018, 10:13 pm | BusinessDesk

March 9 (BusinessDesk) - New Zealand shares rose, led higher by a rebounding Metro Performance Glass. Spark New Zealand gained while Comvita fell. More >>

NZ dollar heads for 0.4% weekly gain

Friday, 9 March 2018, 8:16 pm | BusinessDesk

March 9 (BusinessDesk) - The New Zealand dollar is headed for a 0.4 percent weekly gain against the greenback after getting a lift from North Korean leader Kim Jong Un's offer to stop nuclear missile testing and US President Donald Trump agreed to ... More >>

NZ economy may have expanded 0.8% in 4Q

Friday, 9 March 2018, 7:44 pm | BusinessDesk

March 9 (BusinessDesk) - New Zealand's economic growth probably accelerated in the fourth quarter as primary industries recovered from a lull, services sector activity expansion continued, and the housing market showed renewed signs of life. More >>

Robertson seeks investment community help for new ideas

Friday, 9 March 2018, 7:43 pm | BusinessDesk

March 9 (BusinessDesk) - Finance Minister Grant Robertson wants to draw on the experience of the country's investment community to find new ways to fund major infrastructure, which will exceed the government's ability to foot the bill. More >>

Meccano 2016 administrators announce wind down of business

Friday, 9 March 2018, 4:01 pm | BusinessDesk

March 9 (BusinessDesk) - The administrators of Meccano 2016, which went into voluntary administration in February, said they had been unable to secure a buyer for the business and they will now wind down the menswear business. More >>

Skim milk price spike sparks GDT oversight investigation

Friday, 9 March 2018, 3:34 pm | BusinessDesk

March 9 (BusinessDesk) - Global Dairy Trade, the dairy products trading platform owned by Fonterra Cooperative Group, is looking into a price spike in ultra-high temperature skim milk powder at this week's auction, which on the surface looks to ... More >>

Trade Agreement will strengthen NZ export sector says Feds

Friday, 9 March 2018, 3:08 pm | Federated Farmers

Federated Farmers is delighted to see the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) formally signed off today. More >>

ComCom clears Kraft Heinz to buy NZ Cerebos units

Friday, 9 March 2018, 3:05 pm | BusinessDesk

March 9 (BusinessDesk) - The Commerce Commission has cleared US food company Kraft Heinz to buy Cerebos Food & Instant Coffee and Asian Home Gourmet from Japan's Suntory Beverage & Food, subject to the divestment of some sauce brands. More >>

Retail card spending growth slows in February

Friday, 9 March 2018, 2:41 pm | BusinessDesk

March 9 (BusinessDesk) - New Zealand retail spending on electronic cards gained slightly in February, but was subdued in most retail industries with spending on groceries and liquor falling. More >>

NZ construction activity to 'remain strong'

Friday, 9 March 2018, 1:41 pm | BusinessDesk

March 9 (BusinessDesk) - New Zealand construction activity is expected to remain strong in coming years even as population growth slows, as the sector plays catch up after record levels of tourism and migration, according to a property consultancy. More >>