The New Zealand Herald : Business (167)

Top lawyer reveals apartment 'wars': what owners fight about

Noise, parking, pets, contractors, short-term holiday rentals and money are common sparks for apartment dweller disputes, an expert says.Joanna Pidgeon, Auckland District Law Society president and Pidgeon Law principal, spoke at...

New World, Pak'nSave to stop selling caged eggs by 2027

The parent company of New World and Pak'nSave is committing to selling 100 per cent cage free eggs within 10 years. Foodstuffs made the announcement today, following a review of its egg sourcing and animal welfare policies."We...

NZ economy grew by 0.8pc in June quarter- Stats NZ

Economists were unimpressed by news that the economy grew in the second quarter, warning much of the growth was due to one-offs and won't spur the central bank to lift interest rates any time soon. Gross domestic product expanded...

Fuel crisis: Navy oil tanker on rescue mission to Marsden Pt refinery

The Defence Force is sending its big tanks to Northland in a military manouevre of a different kind.The navy's oil tanker, HMNZN Endeavour is expected to arrive at Port Marsden at around 5pm on Thursday to fill up with 4.8 million...

New Awatoto industrial park to be developed

One of the largest parcels of prime industrial land in many years has been converted into a new industrial park. Strong demand has led to 20 industrial lots ranging from 1000sq m to 20,000sq m being made available in Awatoto, one...

Qantas uses transtasman 'fuel mules' to top up its aircraft in Auckland

Qantas last night flew a jumbo jet and an Airbus A330 across the Tasman into Auckland to use as "fuel mules" for its aircraft hit by the aviation gas shortage.The Boeing 747-400 was a special flight scheduled just to deliver fuel...

NZ net migration up in August, immigration outpaces New Zealanders leaving

New Zealand annual net migration rose in August, with increasing numbers of foreign immigrants outpacing the number of New Zealanders leaving the country.Annual net migration reached 72,100 in the year to August, up 3,000 on the...

Chorus plans underwrite for dividend reinvestment programme

Chorus is going to underwrite its dividend reinvestment programme, issuing shares to the underwriter at the 3 per cent discount for the portion not taken up by shareholders. The Wellington-based telecommunications network operator's...

Auckland cafe fined $30,000 for employment breaches

An Auckland cafe owner who took advantage of migrant workers has been fined just over $30,000.An investigation by the Ministry for Business, Innovation and Employment , found Page Corner Cafe owner Sherrie Lin failed to pay...

Latest Dreamliner in mix for Singapore Airlines' Wellington service

Singapore Airlines is assessing new aircraft for its 'Capital Express' service out of Wellington, including using Boeing's latest model stretched Dreamliner on the route.The four-times-a-week service through Canberra to Singapore...

Fuel crisis: How exactly the damaged pipeline will be fixed

A 17m section of new pipe is due to arrive today at the Ruakaka site where the Refining NZ pipeline was damaged last week.The mission to fix the pipe is underway, and Refining NZ gave details on how exactly the pipeline will be...

Restaurant Brands second-quarter sales jump 41pc on overseas expansion

Restaurant Brands New Zealand lifted second-quarter sales by 41 per cent after the fast-food operator expanded its footprint through Australia and Hawaii.The Auckland-based company said sales increased to $224.9 million in the 16...

Yoko Ono wins trademark battle with John Lemon soft drink company

It wasn't exactly instant karma when Beatle John Lennon's widow, Yoko Ono, heard about a Polish beverage company's new drink called "John Lemon". She threatened legal action alleging that it infringed on the trademark of her late...

Insurer Sovereign sold to Asia's AIA

Commonwealth Bank of Australia has sold its trans-Tasman life insurance businesses CommInsure Life and Sovereign Assurance for A$3.8 billion to global insurer AIA Group. The sale is a quick turnaround for Australia's biggest lender,...

Local Focus: 'Lesley and George have been screwed'

An independent building inspector is calling out the Manawatu District Council for signing code compliance certificates for homes that fail to meet the building code. Two weeks ago, Local Focus talked to Lesley Thomas and George...

Consent boom for retirement villages in Tauranga

Tauranga retirement village consents have hit more than $100 million in just over one year - with some owners experiencing ''phenomenal growth'' and waiting lists.Data from Priority One shows 176 consents were issued valued at $107.5m...

Fletcher HR, comms boss Kate Daly jumps ship to BNZ; quarry workers strike

Fletcher Building's chief people and communications officer Kate Daly is leaving the country's biggest construction firm to take on a similar role at Bank of New Zealand, the same day the company's quarry workers down tools over pay...

Sheldon Slabbert: Emerging markets may be cure

Since the onset of the Global Financial Crisis a decade ago, we have experienced the greatest expansion of credit in economic history, with more than US$14 trillion of liquidity injected by the major central banks....

Labour and National housing plans 'cynicism, no substance': Expert

The Labour and National parties are making promises they are unable to keep about solving the country's housing shortage, says the head of one of the country's largest land development consultancies.Woods managing director Daniel...

Multimillion-dollar commercial development planned for Turangi

A new multimillion-dollar commercial development incorporating existing motel accommodation with a new truck stop, service station, restaurant and drive-through off State Highway 1 is in the offing for Turangi.But the proposal...

Labour and National housing plans 'cynicism, no substance': expert

Both the Labour and National parties are making promises they are unable to keep about solving the country's housing shortage, says the head of one of the country's largest land development consultancies.Woods managing director...

Fran O'Sullivan: English looking ahead but rival is a sensation

Two more earthquakes, a failed fuel pipeline, election claims and counter-claims - this is no time for complacency.The sooner the election can be put to bed and an energetic and focused Government gets down to work, the better.This...

In sign of U.S. economy's strength, Fed to start reducing US$4.5 trillion balance sheet

The Federal Reserve said the U.S. economy is strong enough for the central bank to begin reducing its US$4.5 trillion balance sheet in October, gradually unwinding a massive stimulus program started after the economy entered a severe...

Raybon Kan: Digger hitting a fuel line an on-brand Kiwi crisis

So we know it was a digger, but we don't know whose digger? Odd. But on the bright side, the Isis kauri squad haven't faxed in to claim responsibility. Just think: a few thousand more millennia, and those kauri themselves could...

While you were sleeping: Wall St retreats from record highs

The US dollar rose, while Treasuries fell after the Federal Reserve signalled it plans another interest rate increase this year and said, as it had flagged previously, that it will begin paring its balance sheet in October.Wall...

Apple CEO defends 'dreamers' programme

Apple CEO Tim Cook defended the government programme that protects young immigrants in the U.S. illegally and called immigration the "biggest issue of our time."Cook, speaking at the Bloomberg Global Business Forum Wednesday, said...

Google said to be close to buying HTC assets to boost hardware

Alphabet's Google is close to acquiring assets from Taiwan's HTC Corp, according to a person familiar with the situation, in a bid to bolster the internet giant's nascent hardware business.By owning a manufacturer, Google could...

A robotic hamburger flipper gets its first job

Self-service ordering kiosks are being rolled out at Wendy's, McDonalds and other restaurants and fast food chains over the next few years. So I guess it's just a matter of time until automation takes over the kitchen. Actually...

A deadly herpes virus is threatening oysters around the world

Oysters, a delicacy eaten on most coastlines of the world, are a multi-billion-dollar industry. They also are intriguing to study from a health perspective. Oysters feed by filtering tiny plankton from the surrounding water, processing...

Toys 'R' Us lives on because Mattel, Hasbro can't let it die

Rest easy, kids. Toys "R" Us isn't going anywhere, at least not if the makers of Barbie and Transformers have their way.The toy chain has filed for bankruptcy-court protection, another in a string of specialty retailers felled by...

Graham McGregor: Four effective ways to use LinkedIn in your marketing

A lot of businesses today are looking for helpful ways to use LinkedIn in their marketing. So I contacted Social Media Marketing Expert Spencer X Smith and asked if he could share some of his most effective LinkedIn marketing tips....

Thanks to Apple, 50-year-old facial recognition goes mainstream

Thanks to Apple's new iPhone X, facial recognition may finally be on the verge of breaking out with consumers.The technology first developed in the 1960s has since been mostly relegated to the realm of government agencies and high-security...

Debbie Mayo-Smith: How to make YouTube useful for your business

YouTube can be remarkably useful for almost every business, every manager I can think of - sales, human resources, IT, customer service, marketing, finance. How? Naturally sales and marketing videos come to mind. But what about...

How the NZ dollar reacted to the latest poll

The New Zealand dollar jumped half a cent when the latest poll showed the National Party leapfrogging its nearest rival ahead of Saturday's general election.The kiwi reached as high as 73.72 US cents and was trading at 73.63 as...

Mercury leads sharemarket higher

By Paul McBeth New Zealand shares rose for a second day as stocks weighed down by fears about the jet fuel shortage in Auckland such as Air New Zealand and Z Energy joined other companies in bouncing back from a recent sell-down.The...

This is how long your emails should be

A work email should be no longer than a text message.If you use it as anything other than a "quick messaging system", you can easily waste countless hours every week participating in lengthy email exchanges, according to C.L. Max...

How the NZ dollar reacted to tonight's poll

The New Zealand dollar jumped half a cent when the latest poll showed the National Party leapfrogging its nearest rival ahead of Saturday's general election.The kiwi reached as high as 73.72 US cents and was trading at 73.63 as...

$50b apartment sector shake-up promised post-election

National and Labour are planning a post-election shake up of the $50 billion apartment sector, dogged by disputes, power struggles, lax governance, lack of pre-purchase disclosure, poor maintenance and management plans and financial...

Wet weather could push butter prices even higher

Butter prices may push higher still if the weather does not start to improve, says ASB rural economist Nathan Penny.At today's GlobalDairyTrade auction, butter prices continued their record-breaking run while whole milk powder put...

Simon Moutter: Facing uncomfortable truths about diversity

This week Spark managing director Simon Moutter spoke at the Global Women 1 Day for Change summit. Here is an abridged version of his speech. Over the last couple of years at Spark, we've thrown everything but the kitchen sink...

Fujitsu fined $310k for breaching Fair Trading Act over heat pump efficiency claims

Fujitsu has been fined $310,000 for making unsubstantiated claims about the energy efficiency of its heat pumps.Fujitsu General New Zealand pleaded guilty to seven charges of breaching the Fair Trading Act and was sentenced...

Cooking the Books podcast: Where to start when you're drowning in debt

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's where to start if you're in debt. Hosted by Frances Cook. If you're in debt up to your neck, it's tempting...

How much Kiwis will pay for iPhone X compared to the rest of the world

Apple set a new bar for the cost of a smartphone when it unveiled its iPhone X last week.The new phone will cost US$999 for customers in the US and $1799 if you're buying it in New Zealand. When comparing the local prices in US...

Revealed: China's network of influence in New Zealand

A major research paper into China's soft-power campaign in New Zealand has detailed how dairy farms have been used for near-space balloon launches by a Chinese company developing "high-precision monitoring" of Earth from satellites.The...

Defence Force trained up so fuel tankers can run 24/7

The Defence Force will start transporting fuel around the country from tomorrow to help ease the shortage following a pipeline rupture.The HMNZS Endeavour will sail for Marsden Point Oil Refinery and upload up to 4.8 million litres...

Fuel crisis: Industry and Government to work together to restore supply

Judith Collins has told a media conference that the group of political and industry representatives met in Auckland this morning.The Energy and Resources Minister said truck drivers will be able to get overweight permits easier...

Air NZ relaxing ticket restrictions as fuel stabilises

Air New Zealand is relaxing restrictions on some ticket sales and says the fuel crisis is beginning to stabilise, after cancelling 41 flights since a vital pipeline ruptured.Tomorrow's return service from Auckland to Houston is...

Air NZ says burst fuel pipeline will not hit annual result

Air New Zealand said it believed the fuel pipeline rupture that is preventing jet fuel from being piped from Refining NZ's plant at Marsden Point to Auckland would not have a big impact on its bottom line.A spokeswoman for the airline...

Fuel rationing to remain at Auckland Airport until next Thursday

Fuel rationing at Auckland Airport is likely to continue for airlines until next Thursday, a spokesman for the oil industry says.Since the pipeline carrying jet fuel from Marsden Pt ruptured last week, planes departing Auckland...

Couple wins $83k payout after wife sacked for wanting baby

A couple has been awarded nearly $83,000 after the wife was found to have been sacked for wanting a baby.The Employment Relations Authority found that Ibrahim Kocaturk and Guler Kocaturk were also significantly underpaid for...