Scoop has an Ethical Paywall
Latest Business Headlines
Fast-track Approvals Bill only way to keep promise to Auckland Council - Ports of Auckland
Sunday, 13 October 2024, 7:51 pm | RNZ
Earlier this year Ports of Auckland struck a deal to sell the Captain Cook and Marsden wharves back to the council to be converted into a waterfront attraction. More >>
Inaugural Summit Harnesses Ethnic Business Potential
Sunday, 13 October 2024, 7:40 pm | RNZ
Organised by the Ministry for Ethnic Communities, the Ethnic Xchange Symposium aims to boost innovation, trade and investment. Ethnic Communities Minister Melissa Lee said migrant groups contributed around $64 billion to New Zealand's economy in 2021. More >>
Karioi Pulp Mill Closure Shuts Door On Generations Of Family History
Sunday, 13 October 2024, 7:34 pm | RNZ
For 21 years, Aaron McCann and his father worked together at the mill. For the past year, his son James has been there too. More >>
Overseas Investment Changes Welcome
Sunday, 13 October 2024, 3:37 pm | Straterra
Reducing the regulatory burden to investment in mining and mineral processing will help New Zealand unlock our endowment of critical minerals. We support fast-tracking the assessment process and introducing a government policy statement (GPS) mechanism. More >>
Three Lotto Players Share $1 Million
Sunday, 13 October 2024, 2:38 pm | Lotto New Zealand
The winning tickets were sold at Waipapa Dairy in Waipapa, and on MyLotto to players from Auckland and Tararua. More >>
'War' As Banks Compete For Lowest Home Loan Rates
Saturday, 12 October 2024, 8:15 pm | RNZ
'Fingers crossed it's a really exciting war and people are going to benefit from it,' says a mortgage broker. More >>
Federated Farmers Applauds Streamlining Of Overseas Investment Processes
Saturday, 12 October 2024, 3:57 pm | Federated Farmers
Federated Farmers agrees the Government should retain the legal option of screening those investment types currently screened, including the sale of farmland, to ensure they are in the national interest. More >>
Modern Technology Creates Modern HR Solutions
Saturday, 12 October 2024, 2:04 pm | Hugh Grant
82% of business leaders consider HR tech to now be a critical component of their success for all employee-related processes. More >>
Attracting More Overseas Investment Can Supercharge Infrastructure
Saturday, 12 October 2024, 1:57 pm | Infrastructure New Zealand
The infrastructure sector strongly advocates for greater use of private capital and PPPs across both large-scale and small-scale infrastructure projects and while some of that investment may come from NZ, the reality is that for the big projects it ... More >>
Tribunal Rules Auckland Handyman Must Pay Man $17k For 'Awful' Renovation - But He Can't Be Found
Friday, 11 October 2024, 6:40 pm | RNZ
The bathroom vanity was installed crooked and the waterproofing wasn't compliant. Now Sam Kumar can't be found. More >>
Energy Resources Aotearoa Welcomes Pragmatic Approach In Electricity GPS
Friday, 11 October 2024, 5:10 pm | Energy Resources Aotearoa
Chief Executive John Carnegie says, "This is a welcome dose of pragmatism and the direction we need as we transition to a low-carbon electrified economy. More >>
Closing In On The 2% Target
Friday, 11 October 2024, 5:05 pm | Kiwi Economics
We now see inflation falling closer to the midpoint of the target band. Because recent monthly price data have shown that strong downward momentum in imported inflation continues. Falling petrol prices leads the way. More >>
ERANZ Welcomes The Government’s GPS To The Electricity Authority
Friday, 11 October 2024, 3:40 pm | ERANZ
According to ERANZ Chief Executive Bridget Abernethy, New Zealand should be proud of its predominantly renewable and internationally affordable world-class electricity system. More >>
Government Policy Statement For Affordable Electricity A Step In The Right Direction
Friday, 11 October 2024, 1:45 pm | Octopus Energy Group
“Consumer flexibility drives down the cost of the energy system by at least 5%, and also allows us to integrate intermittent renewable generation more quickly and cost effectively. More >>
Shakeel Ahmed’s DealTable Emerges And Ready To Revolutionise Venture Capital In NZ
Friday, 11 October 2024, 1:01 pm | HTK Start Up
With DealTable, Ahmed aims to solve inefficiencies in the industry by automating the data input and analysis process for investment firms using artificial intelligence. More >>
DoubleVerify To Introduce Pre-Screen Content Control On Meta, Strengthening Brand Safety, Suitability, Media Performance
Friday, 11 October 2024, 12:55 pm | DoubleVerify
Global brands gain comprehensive coverage with both pre-screen avoidance and post-bid measurement, further augmenting ad quality controls on Facebook and Instagram More >>
One NZ Receives Green Light To Test Starlink Satellite To Mobile SMS Service In Aotearoa
Friday, 11 October 2024, 12:50 pm | One NZ
Testing phase will determine the device rollout plan and technology roadmap leading to a more resilient, better connected Aotearoa New Zealand More >>
Pressure On Auckland Rents Eases, Rent Rise Dips Under 5%
Friday, 11 October 2024, 12:47 pm | Barfoot and Thompson
The statistics are drawn from more than 17,500 tenancies managed by Barfoot & Thompson in the Auckland region, tracked monthly against previous activity and released quarterly. This update ends 30 September. More >>
Authority Welcomes Government Policy Statement On Electricity
Friday, 11 October 2024, 12:35 pm | Electricity Authority
"We share the Government’s desire for consumers to have access to an electricity system that is competitive, efficient, secure and resilient. We want an energy system that fosters economic growth and social well-being," says Electricity Authority chief ... More >>
Importance Of Regular Car Servicing Highlighted By Industry Experts
Friday, 11 October 2024, 12:16 pm | Oil changers
Experts point out that routine services like oil changes, brake inspections, and tire rotations can prevent severe mechanical failures. Among the trusted providers of such services is Oil Changers, known for their quick and professional car service ... More >>
TSB Cuts Home Loan Rate To Under 6%
Friday, 11 October 2024, 12:12 pm | TSB Bank
“This reduction marks the first time TSB has advertised a one-year rate below six per cent since December 2022,” says Herbert. More >>
Finalists Announced For The 2024 Pan Pac Hawke’s Bay Business Awards
Friday, 11 October 2024, 11:53 am | Hawkes Bay Chamber of Commerce
Jessica Aguilar, Event Coordinator at the Hawke’s Bay Chamber of Commerce, shared her excitement: “These awards showcase the spirit of entrepreneurship and innovation thriving in our region. The finalists represent the best of Hawke’s Bay, embodying ... More >>
Energy Policy A Boost To Business Confidence
Friday, 11 October 2024, 11:47 am | BusinessNZ
Executive Director Tina Schirr welcomes the Government's approach in addressing the energy trilemma - sustainability, security and equity - as the road to affordability, and encourages everyone to take a broader view of the energy equation. More >>
International Migration: August 2024
Friday, 11 October 2024, 11:39 am | Stats NZ
The 134,300 migrant departures in the August 2024 year are, provisionally, the highest on record for an annual period. More >>
New Measures Successfully Reduce Fur Seal Captures For Sealord
Friday, 11 October 2024, 11:26 am | Sealord
The population of New Zealand Fur Seals or kekeno has exploded in recent years, which correlates with skippers reporting a noticeable increase, says Sealord Resources Manager Charles Heaphy, who is responsible for sustainable fisheries management at ... More >>
International Travel: August 2024
Friday, 11 October 2024, 11:15 am | Stats NZ
Overseas visitor arrivals were 214,300 in August 2024, an increase of 7,500 from August 2023 More >>
Food Prices Increase 1.2 Percent Annually
Friday, 11 October 2024, 11:12 am | Stats NZ
Higher prices for restaurant meals and ready-to-eat food and grocery food drove the annual increase in food prices, up 3.5 percent and 2.7 percent, respectively. More >>
Gallagher Security Releases The Controller 7000 Enhanced Designed With User Confidence In Mind
Friday, 11 October 2024, 11:08 am | Gallagher
“We’re excited to bring the C7000 Enhanced to market and to continue building out this product range based on the feedback of our Channel Partners and End Users. The C7000 Enhanced is a future-proof solution, designed for those that want more.” More >>
Research And Innovation Key To Primary Sector Award Win For Next Generation Apples
Friday, 11 October 2024, 10:31 am | NZ Food Safety
Launched in 2023, Sassy™ Apples is a new apple variety developed by Plant and Food Research, and grown and marketed by New Zealand-based growers Next Generation Apples, comprising Golden Bay Fruit and Taylor Corp. More >>
Appointment Of Independent Director To Fonterra Board
Friday, 11 October 2024, 10:21 am | Fonterra
Mr Field is based in Australia and has 30 years of experience in the mining, metals, manufacturing and logistics sectors. He is currently a Non-Executive Director of BlueScope Steel Limited and Alcoa Corporation and previously served on the board ... More >>
EmsTradepoint Gas Trading Platform To Continue Into 2025
Friday, 11 October 2024, 9:30 am | Transpower
“Following conversations with gas industry participants around the importance of a gas trading platform for security of supply in the current environment, we have committed to operating the platform until at least September 2025. We will reassess ... More >>
300 Kiwis Claim To Work 168 Hours A Week
Thursday, 10 October 2024, 7:15 pm | RNZ
But who are the 300 people who say they work all the time? More >>
Swimart Expands In New Zealand With Swimart Orakei
Thursday, 10 October 2024, 5:45 pm | Swimart
New location brings over 40 years of pool and spa care to Auckland East More >>
Generate Commits US$25M Into Heal Partners Fund II, With CIO Sam Joining Its Limited Partner Advisory Committee
Thursday, 10 October 2024, 4:33 pm | Generate
Generate has now committed more than NZ$120M (equivalent) into private equity and venture capital funds in less than 2 years after having previously committed capital locally into Movac and Icehouse Ventures’ growth funds and also into a US private ... More >>
IDC MarketScape Recognises F5 As A Web Application And API Protection Leader
Thursday, 10 October 2024, 4:23 pm | F 5
IDC MarketScape: Worldwide Web Application and API Protection Enterprise Platforms 2024 Vendor Assessment highlights high performance and advanced security capabilities of F5 platform. More >>
2024 KiwiNet Awards Winners: Deep Tech Heroes Turning Science Into Impact
Thursday, 10 October 2024, 3:32 pm | KiwiNet
KiwiNet’s Commercialisation Icon and Commercialisation Rising Star were also honoured. More >>
Robust And Resilient Indies Celebrate Their Role As Community Hubs On Aotearoa New Zealand Bookshop Day
Thursday, 10 October 2024, 3:06 pm | Booksellers Aotearoa
A recent BSANZ Pulse Survey found 80 percent of its members held at least one public event a month, with one third of respondents holding more than 20 events a year. More >>
ACC Accounts Under Pressure
Thursday, 10 October 2024, 3:05 pm | BusinessNZ
BusinessNZ’s submission on ACC’s levy-setting for 2025-28 notes that some ACC Accounts are currently underfunded, a situation which will lead to unjustified pressure on future levy payers. More >>
Mount Maunganui Businesses Sign Environmental Accord; Commit To Actions To Improve Footprint
Thursday, 10 October 2024, 2:48 pm | Tauranga Moana
Signatory businesses accept they need to improve their environmental impacts to make this possible. Making a commitment through the Accord holds them accountable, which will lead to better outcomes for our community who also live, work, and play in the ... More >>
Christchurch Airport Is Gearing Up For A Huge Summer Season
Thursday, 10 October 2024, 2:45 pm | Christchurch Airport
This expansion will offer Kiwis more travel options, welcome tens of thousands of visitors to experience the stunning South Island and energise the local economy by boosting both tourism and commerce through increased air capacity. More >>
Local Wines Shine: The Top 50 Under-$25 Wines That Struck Gold In The 2024 New World Wine Awards
Thursday, 10 October 2024, 2:37 pm | New World Wine Awards
Topping the list is iconic Hawke’s Bay winery Church Road, which took two varietal Champion titles for its Church Road Chardonnay 2023 and Church Road Syrah 2021. Both wines then went on to win a hotly contested taste-off for the titles of White and ... More >>
Enhanced Reliability And Precision In 3D Printing With Prusa I3 MK3S+ Now Available At RC Hobbies
Thursday, 10 October 2024, 1:03 pm | RC Hobbies
The Prusa i3 MK3S+ is equipped with an array of advanced features, including the new SuperPINDA probe, which enhances the accuracy of the first-layer calibration, ensuring flawless print quality right from the start. More >>
RaceLab To Run Two Factory-Supported GR Supra GT4 EVOs
Thursday, 10 October 2024, 12:52 pm | Toyota GAZOO Racing New Zealand
The full racing programme and driver line-up for the two cars is yet to be confirmed, but TOYOTA GAZOO Racing NZ Motorsport Manager Nicolas Caillol is delighted to have RaceLab on board with the project. More >>
Buyers Willing To Compromise As Optimism Grows, Says Trade Me Property Survey
Thursday, 10 October 2024, 10:26 am | Trade Me Property
The survey found 44.5 per cent of buyers would be willing to compromise on the size of the section, 40.7 per cent on the size of the property, 40.6 per cent on the size of the garden, 33.7 per cent on the condition of the property, 28.1 per cent on location ... More >>
Three Innovative New Companies Join Sir Paul Callaghan 100 Report
Thursday, 10 October 2024, 9:59 am | Callaghan Innovation
Callaghan Innovation, New Zealand’s innovation agency, established the report to honour the legacy of Sir Paul Callaghan (1947–2012), one of New Zealand’s most revered scientists and a champion of the commercialisation of science as a key pillar ... More >>
Banks To Start Rolling Out Confirmation Of Payee In November
Thursday, 10 October 2024, 9:48 am | NZBA
The new service will notify customers whether the account name and number match real-time bank records. Customers will be provided with a match, partial match or no match notification. More >>
Parrot Analytics & Guinness World Records Highlight The Enduring Popularity Of Global Franchises
Thursday, 10 October 2024, 8:35 am | Parrot Analytics
"In today's ever-expanding media landscape, it's fascinating to see which TV shows resonate most profoundly with audiences around the world," said Craig Glenday, Guinness World Records Editor-in-Chief. More >>
Hamilton Lotto Player Wins $1 Million
Thursday, 10 October 2024, 8:18 am | Lotto New Zealand
The winning ticket was sold on MyLotto to a player from Hamilton. Powerball was not struck this evening and has rolled over to Saturday night, where the jackpot will be $20 million. More >>
Blackpearl Group Announces Key Leadership Appointments To Support Continued Expansion
Wednesday, 9 October 2024, 8:11 pm | Blackpearl Group
Jean-Francois Arlove as the new Chief Financial Officer (CFO); while current CFO Karen Cargill transitions into the strategically focused role of Chief Governance Officer (CGO). More >>
Let’s Think Bigger On Apprenticeship Boost
Wednesday, 9 October 2024, 7:47 pm | Motor Trade Association
MTA Chief Executive Lee Marshall says while it’s pleasing to see the automotive sector is still eligible for the $500 a month subsidy, it betrays a lack of acknowledgement of the costs employers incur in industry training. More >>
BNZ Launches New Anti-scam Tool To Lock Scammers Out Of Online Banking
Wednesday, 9 October 2024, 6:06 pm | BNZ
While anyone who thinks they’re being scammed should call their bank straight away, this new tool – available in the BNZ app - gives customers the ability to lock their online banking while they’re making the call, potentially speeding up the ... More >>
Tack And Jibe Like An AC75. The RBNZ Delivers 50bp!
Wednesday, 9 October 2024, 5:20 pm | Kiwi Economics
The market reaction was relatively muted given that the outsized move was largely priced. An already soft Kiwi dollar was pushed slightly lower, and wholesale interest rates were little changed. More >>
India New Zealand Business Council (INZBC) Announces New Board Leadership To Strengthen Bilateral Relations
Wednesday, 9 October 2024, 5:03 pm | India NZ Business Council
New board members poised to drive deeper engagement between New Zealand and India across politics, business, and culture. More >>
LJ Hooker Group Head Of Network NZ Campbell Dunoon Responds To Latest RBNZ Rate Cut
Wednesday, 9 October 2024, 4:00 pm | LJ Hooker
Dunoon added that while buyer interest is rising, it has not yet resulted in substantial changes in property prices. According to the latest CoreLogic data, property prices remain relatively stable, with the median house price down by just 0.5 percent in ... More >>
OCR 4.75% – Monetary Restraint Reduced As Inflation Converges To Target
Wednesday, 9 October 2024, 3:59 pm | The Reserve Bank of New Zealand
The New Zealand economy is now in a position of excess capacity, encouraging price- and wage-setting to adjust to a low-inflation economy. Lower import prices have assisted the disinflation. More >>
Westpac NZ Cuts Fixed And Floating Rates
Wednesday, 9 October 2024, 3:41 pm | Westpac New Zealand
The bank is also cutting fixed home lending rates by 0.10% p.a., which means it has now reduced its advertised 12-month home loan interest rate by a total of 0.95% p.a. since the start of July. More >>
Retail NZ Hopes Rate Cut Brings Christmas Cheer
Wednesday, 9 October 2024, 3:09 pm | Retail NZ
“We are delighted at the Reserve Bank’s decision to cut the OCR by 50 basis points to 4.75%,” Retail NZ Chief Executive Carolyn Young says. More >>
Today's Significant OCR Cut Will Help Rental Market - NZPIF
Wednesday, 9 October 2024, 3:08 pm | NZPIF
To be clear, a lower cash rate today doesn’t mean rent cuts tomorrow – that's not how things work. Many of our members are on fixed rate mortgages so it will take time for the OCR cut to filter through. More >>
BNZ Cuts Variable Home Loan Rates By 0.50% Following Drop In OCR, Customers To Benefit From Tomorrow
Wednesday, 9 October 2024, 3:05 pm | BNZ
BNZ General Manager Home Lending Products James Leydon says today’s decision by the Reserve Bank to cut to the official cash rate and BNZ’s subsequent interest rate reduction will be welcome news for many New Zealand households. More >>
ManageEngine IAM Solutions Recognised By Industry Analyst Firms Gartner And KuppingerCole
Wednesday, 9 October 2024, 2:48 pm | ManageEngine
Company Named a Challenger in 2024 Gartner® Magic Quadrant™ for Privileged Access Management and a Market Leader in KuppingerCole's Leadership Compass for Identity Governance and Administration 2024. More >>
