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Westpac capital requirements increased after breaching regulatory obligations

Westpac New Zealand Limited (Westpac) has had its minimum regulatory capital requirements increased after it failed to comply with regulatory obligations relating to its status as an internal models bank.

LPF Group seeks investigation over chief justice's conduct

LPF Group has laid an official complaint to the Judicial Complaints Commissioner against the Chief Justice of the Supreme Court of New Zealand, the Right Honourable Dame Sian Elias, relating to a case brought by the liquidators of PVL Limited, against PricewaterhouseCoopers and the Directors of P

Cardrona Alpine Resort takes supreme business award

Wanaka ski area Cardrona Alpine Resort was announced the supreme winner of the 2017 Ignite Wanaka Business Awards last night (November 10).

ANZ supports iPhone X Face ID functionality

ANZ New Zealand customers are now able to log in to ANZ goMoney using the iPhone X’s Face ID technology. The bank is the first in New Zealand to confirm its mobile banking app will be compatible with Apple’s new facial recognition technology.

Air NZ first airline to join global EV movement

Reinforcing its leadership position in the shift to electric vehicles, Air New Zealand has been announced as the first airline to join The Climate Group’s EV100 initiative.

Unions want a better approach to trade and investment

The Council of Trade Unions says that it wants to see a new approach to trade and investment developed that works better for working people, and it remains concerned with aspects of the TPPA that the Government inherited from the previous administration.

Horowhenua Economic Development trust proposed

Horowhenua District Council, like many councils, faces a challenge - the Council has acquired more property than it needs, and has to maintain and manage it all.

Chch City Council offering one hour's free parking in CBD

Christchurch City Council is offering one hour’s free parking in its six off-street parking facilities over the summer months, starting from this Friday. Christchurch's city centre is getting busier as more businesses open.

Air New Zealand named Airline of the Year for 5th year running

Air New Zealand has been crowned 2018 Airline of the Year by leading international aviation website AirlineRatings.com. The award marks the 5th consecutive year Air New Zealand has received the top honour in its Airline Excellence Awards.

Sheep dairy better match for clean green image

New Lincoln research points to sheep dairy better fulfilling the green credentials New Zealand uses to differentiate its produce in the global market than its cow counterparts.

Wine Marlborough announces new ownership of Marlborough Wine Show

Wine Marlborough, the regional wine organisation for Marlborough grape growers and wine companies, is the new owner of the Marlborough Wine Show as jointly announced last week at the seventh Marlborough Wine Show awards celebration.

Precision Farming Technology for Aquaculture project funding announced

Scientists are set to research the application of transformational tech for the aquaculture industry, following funding approval for the two-year Precision Farming Technology for Aquaculture project.

Public Trust moves to Christchurch CBD

Public Trust, New Zealand’s largest and most experienced trustee services organisation, is delighted to have joined the growing number of businesses returning to the Christchurch CBD.

CricHQ in receivership

Wellington-based data technology company, CricHQ Ltd, has today been placed into receivership. CricHQ’s app is a global digital platform offering cricket fans live game viewing, data management, content generation and more recently, cricket administration and competition management for clubs.

Real estate boss: Financing affecting house sales

"The real estate industry is seeing an increasing number of deals falling over simply because of finance," says Geoff Barnett, National Manager of Century 21 New Zealand.

Serko establishes U.S. presence with key appointment

Serko Ltd. (SKO.NZ), a leader in online travel booking and expense management for business, today announced the establishment of its U.S. operations and first appointment of Richard (Rich) Miller, to advance the interest that is occurring with Serko’s technology in the region.

Signficant growth leads to continued investment in Cardrona Alpine Resort

The 2017 winter season has been another record-breaking year for Cardrona Alpine Resort, leading to continued investment in the resort in a multi-year development project.

Over $100 million procurement benefits delivered for Aucklanders

Auckland Council achieved $106.1million in procurement benefits in the last financial year. Procurement is the process of planning, purchasing, and managing the supply of goods and services.

Civil defence preparedness a farmer priority

Getting accustomed to Civil Defence planning and preparedness should be a farmer’s priority says Federated Farmers.

Crowne Plaza Christchurch wins silver in national award

The design team behind the stunning new Crowne Plaza Christchurch has won a silver award in a national competition. New Zealand design agency Designworks received the silver accolade in the Best Design Awards for its innovative and fresh design approach for the hotel.

Air New Zealand begins Inflight Wi-Fi rollout

Air New Zealand has started trialling its new Inflight Wi-Fi service on one of its long-haul Boeing 777-300 aircraft.

FSC welcomes KiwiSaver report card

The Financial Service Council has welcomed the release of the annual FMA report on KiwiSaver. "This is a valuable annual check-up on the health of the KiwiSaver system, how the scheme is growing, what’s working well, and what needs improvement.

Visa’s Everywhere Initiative invites entries from startups and fintechs

Visa, the global payments company, has today launched its second annual Everywhere Initiative aimed at Australia and New Zealand start-ups that have women in leadership.

Northland campaign shows regional marketing success - Tourism NZ

A recent pilot campaign to attract Australian travellers to Northland has shown that regional dispersal is possible through targeted marketing.

NZ beef prices drop marginally lower with further downward pressure expected

A strong New Zealand dollar and declining US imported beef prices have seen New Zealand beef prices drop marginally lower over the past quarter.

Ethique to launch second equity crowdfunding campaign

Christchurch based social enterprise Ethique is launching their second equity crowdfunding campaign on PledgeMe on 29 September to fund marketing and expansion in international markets as well as working capital to keep up with demand.

Range low front of mind

By Ric Spooner (Chief Market Analyst, CMC Markets)

Spark customers benefit from more capacity on the mobile network

Spark has announced the addition of a third mobile node or Evolve Packet Core (EPC), adding additional capacity and resiliency to its nationwide mobile network.

Jet fuel starts to arrive at Wiri terminal from Marsden Point

Jet fuel has started to arrive to the Wiri terminal from Marsden Point, and is expected to reach Auckland Airport by Tuesday, Energy and Resources Minister Judith Collins says.

Solarcity NZ selected as Tesla Powerwall Certified Installer

New Zealand’s leading solar energy service company, solarcity, is pleased to announce it is has been selected as a Tesla Powerwall Certified Installer.

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