Scoop NZ: Business (102)

CORRECT: MARKET CLOSE: NZ shares rise as A2 hits record

CORRECT: MARKET CLOSE: NZ shares rise as A2 hits record, Air NZ gains on earnings; Sky TV falls

MARKET CLOSE: NZ shares rise as A2 hits record, Air NZ gains

MARKET CLOSE: NZ shares rise as A2 hits record, Air NZ gains on earnings; Sky TV hits all-time low

Bapcor happy with Hellaby's automotive unit

Aug. 23 - ASX-listed Bapcor is pleased with the "upside potential" from the automotive unit acquired with the takeover of Hellaby Holdings and is actively seeking buyers for its New Zealand resources and footwear divisions.

Dollar falls after PREFU as polls show closer race

Aug. 23 - The New Zealand dollar fell after the pre-election fiscal showed weaker growth and as polls showed that one month out from the election it is a close race.

Auckland Airport working on transport solutions

Aug. 23 - Auckland International Airport chief executive Adrian Littlewood says the country's main gateway is doing its bit to help with transport to and from the airport, with congestion an increasing problem as the city continues to grow.

Healthscope's NZ pathology business outperforms

Aug. 23 - ASX-listed Healthscope's New Zealand pathology business outperformed the larger Australian divisions as an expanded offering on this side of the Tasman coincided with the roll-out of new technology to strip out costs, widening ...

CORRECT: Cavalier sinks into the red

Aug. 23 - Cavalier Corp sank back into the red after the overhaul of the wool carpet maker's operations proved more expensive and more prolonged than expected, raising flags over the company's ability to keep operating as a going concern.

Vocus to refresh Orcon as CallPlus acquisition boosts

Aug. 23 - ASX-listed Vocus Group plans to refresh local broadband provider Orcon in a bid to get more out of its New Zealand consumer businesses facing skinnier margins in the face of tough competition.

NZ consumers ahead of the curve in digital

New Zealand consumers ahead of the curve in digital – with a high proportion of Kiwis willing to spend on digital services

Medical examinations easier in Vanuatu thanks to Fund

• Kiwifruit Industry Community Support Fund Inc donates digital radiology equipment to the Vanuatu Ministry of Health • Up to 2,000 RSE workers can use a new radiology service in Santo

Telco complaints – no need for consumer confusion

Telco complaints – no need for consumer confusion Consumers don’t need to be confused about who to contact when they are having telco issues.

Humanoid robots and chatbots won't replace people

Aug. 23 - Air New Zealand's latest innovative bid to enhance customer experience is going better than expected but the airline has no plans to replace people with robots, says chief executive Christopher Luxon.

TeamTalk returns to full-year profit

Aug. 23 - TeamTalk returned to full-year profit and affirmed its guidance for 2018 as the network provider trims its debt and prepares for a resumption of dividends.

Cavalier sinks into the red as restructuring costs mount

Aug. 23 - Cavalier Corp sank back into the red after the overhaul of the wool carpet maker's operations proved more expensive and more prolonged than expected, raising flags over the company's ability to keep operating as a going concern.

Climate change a top priority for NZ businesses

The Deloitte BusinessNZ Election Survey has found climate change is one of the top ten government-related issues for businesses.

IAG's NZ business posts 7.4% drop in full-year earnings

Aug. 23 - Insurance Australia Group's New Zealand division recorded a 7.4 percent decline in insurance earnings reflecting increased claims as a result of natural disasters such as the Kaikoura earthquake last November, higher working ...

HiFX Morning Update August 23 2017

The NZDUSD opens at 0.7278 this morning. The USD has reversed yesterday’s fall and has been the strongest performer of the G10 currencies. In the absence of any US economic data releases the move appears to be driven by weaker than expected ...

MARKET CLOSE: NZ shares mixed, Comvita up, Sky TV hits lows

MARKET CLOSE: NZ shares mixed, Comvita up while Sky TV hits low, Mercury and Genesis report

NZ dollar clings to tight range as markets await

Aug. 22 - The New Zealand dollar clung to a tight range as investors await any comments out of the annual central banking conference in Jackson Hole, Wyoming later this week.

Tourism Holdings shares at record on profit growth

Tourism Holdings shares at record on profit growth; CEO pleased but 'far from complacent'

Genesis Energy rebrands

Aug. 22 - Genesis Energy has quietly launched a new brand identity at the same time as it released today's earnings results for the year to June 30 as the country's largest electricity provider by customer numbers seeks to enable ...

90% of Workers Burdened with Boring, Repetitive Tasks

SnapLogic research finds disconnected data hurting business productivity thanks to data gaps, slow integration, and repetitive manual tasks

Fish & Game salutes farming pledge to make rivers swimmable

Fish & Game has applauded the pledge by Federated Farmers to make all New Zealand rivers swimmable.

Rental shortage blamed on overseas non-resident landlords

I recently had a disturbing email from a NZSP member informing me that the Chinese owner of the adjacent property was celebrating his 50th property purchase in New Zealand despite him not living here.

Murray Goulburn's milk collection tumbles

Aug. 22 - Murray Goulburn Cooperative may lose the title of Australia's dominant milk processor as its milk collection continues to tumble and confirmed it has received approaches from third parties as it undertakes its strategic review.

Kiwibank chief Paul Brock to depart at the end of the year

Aug. 22 - Kiwbank chief executive Paul Brock will leave the state-owned lender at the end of the year, ending seven years in charge of the country's fifth biggest bank.

Retail NZ Disappointed on Sunday Trading

Retail NZ Disappointed That Auckland Council Wants to Deny Choice to Consumers, Employees And Businesses

Testing company says meth is 'growing concern' for owners

Since adding methamphetamine testing of properties to its services last year, Hamilton-based alcohol and drug testing company, Resultz Group, has been busier than ever.

Top startup Genoapay attracts record accelerator investment

GENOAPAY, a new way of paying for services that gives consumers what they need immediately while paying over ten weeks without extra cost, has just attracted record investment after demonstrating its wares following the Flux Accelerator Programme co-funded ...

Comvita shares climb

Aug. 22 - Comvita shares jumped 10 percent after the natural health products company beat full year guidance and said it expects to return to an operating profit in the current financial year.

Greencross makes 'aggressive' inroads into NZ pet market

Aug. 22 - Australia pet care company Greencross made inroads on this side of the Tasman by buying up veterinary clinics and opening retail outlets, boosting New Zealand sales by more than a fifth.

Lions supporters proving their value off the field

A new report shows that the Lions tour provided a significant boost to the local economy, attracting high value and experience driven British and Irish supporters.

HiFX Morning Update, August 22 2017

The NZD has traded tight ranges against all its rivals, with the USD starting off the week on the back foot. In the absence of any tier one economic data investors are once again focusing on growing tensions between the US and North Korea. In reaction ...

MARKET CLOSE: NZ shares down in calm before earnings storm

MARKET CLOSE: NZ shares down in calm before earnings storm; Metlifecare, Sky TV drop, Argosy, Air NZ gain

Top two North Island Young Winemakers off to National Final

The annual Tonellerie de Mercurey Young Winemaker of the Year regional competition was held at EIT , Hawkes Bay on Friday with Sara Addis from Trinity Hill Winery taking out first place and Tom Hindmarsh from Martinborough’s ...

NZ dollar higher but rangebound ahead of Jackson Hole

Aug. 21 - The New Zealand dollar was slightly higher in a quiet start to the week as investors look ahead to a meeting of the world's central bankers in Jackson Hole, Wyoming later this week.

CRCT: Vista buys control in Latin American reseller Senda

Smiths City looks at expanding profitable finance unit

Aug. 21 - Smiths City Group sees a "significant opportunity" in building out its high margin finance business and is weighing up options to expand its offering, says chief executive Roy Campbell.

FMA expects settlement with Prince and Partners Trustee Co

Aug. 21 - The Financial Markets Authority expects to shortly reach a settlement with Prince and Partners Trustee Co just as civil proceedings kick off in the Auckland High Court.

MEUG welcomes O-I New Zealand as latest member

The Major Electricity Users Group welcomes O-I New Zealand as the latest member of MEUG.

Vodafone NZ back in black in hotly contested market

Aug. 21 - Vodafone New Zealand's books were back in the black after three years in the red as the country's biggest mobile operator boosted revenue in an increasingly competitive telecommunications sector.

Police seek info following Eastern District avocado thefts

There have been a number of instances in Eastern District recently where avocados have been stolen and then sold on Facebook.

Top in NZ - Top 3 in the World!

Making to the top three in the world’s largest ICT competition is no easy task. To do it twice is extraordinary! Meet Jayden Cooke, who has now added a second medal and a cheque for USD$1,500 to his collection, following his success in the Excel ...

Many options for big morningside corner site

Owner occupiers, add value investors and developers are being targeted in the sale of a substantial corner property with a Mixed Use zoning in the fast changing Auckland suburb of Morningside.

Nib's NZ earnings rise 36% in 2017

Nib's NZ earnings rise 36% in 2017 as OnePath acquisition makes full year contribution

Nats and Labour go head to head on road vs rail

Aug. 21 - The contest of transport policies between the National and Labour parties has heated up again with Labour leader Jacinda Ardern announcing plans to introduce passenger rail services between Auckland, Hamilton and Tauranga ...

NZ structural log prices hit new record

Aug. 21 - New Zealand structural log prices hit a new record as local mills compete with the export market to secure supply to meet the demand from the busy domestic construction market.

Metro pulls plans to increase pool for directors' fees

Aug. 21 - Metro Performance Glass will reduce annual non-executive directors' fees rather than seek a mandate to increase the available fee pool at Thursday's annual general meeting.

HiFX Morning Update, August 22 2017

The NZDUSD opens at 0.7313 this morning. The NZD along with other commodity linked currencies had a solid end to the trading week on the back of rising commodity prices and an increase in risk appetite following the resignation of Trump’s controversial ...

EDS Climate Change & Business Summit: 10-11 October

The world is changing fast. Technological advancements, political upheavals, and ecological deterioration are causing massive disruption to business as usual. An economic revolution is underway. And underpinning it all is climate change.