Business

Woolworths takes $28.3 mln haircut on Warehouse

4 Mar 2015 Business News
Article - BusinessDesk Woolworths takes $28.3 mln haircut on Warehouse as James Pascoe buys stakeBy Suze MetherellMarch 4 (BusinessDesk) - Woolworths has taken a near $28.3 million haircut on its investment in... more

AsureQuality posts 5% drop in 1H profit as costs rise

4 Mar 2015 Business News
Article - BusinessDesk AsureQuality posts 5% drop in 1H profit as costs rise; expects to beat FY targetBy Tina MorrisonMarch 4 (BusinessDesk) - AsureQuality, the state-owned food-testing company, posted a 5... more

Carter Holt cladding 'inherently defective', court hears

4 Mar 2015 Business News
Article - BusinessDesk Carter Holt cladding 'inherently defective', appeal court hearsBy Paul McBethMarch 4 (BusinessDesk) - Carter Holt Harvey cladding sheets and systems used in 880 school buildings were... more

Kordia turns to profit in 1H as Australian business improves

4 Mar 2015 Business News
Article - BusinessDesk Kordia turns to profit in 1H as Australian business improvesBy Tina MorrisonMarch 4 (BusinessDesk) - Kordia Group, the broadcasting and telecommunications network operator, turned to a... more

Rex Bionics widens full-year loss as costs rise

4 Mar 2015 Business News
Article - BusinessDesk Rex Bionics widens full-year loss as commercialisation costs riseBy Fiona RotherhamMarch 4 (BusinessDesk) - Rex Bionics Plc, the New Zealand firm listed on the London Stock Exchange's AIM... more

NZ government launches Ageing Well, latest science challenge

4 Mar 2015 Business News
Article - BusinessDesk NZ government launches Ageing Well, the latest national science challengeBy Fiona RotherhamMarch 4 (BusinessDesk) - Science and Innovation Minister Steven Joyce has launched the Ageing... more

NZ residential building activity rises 4.3% in 4th-qtr

4 Mar 2015 Business News
Article - BusinessDesk NZ residential building activity rises 4.3% in 4th-qtr, driven by CanterburyMarch 4 (BusinessDesk) - New Zealand residential building activity rose for the first time in three quarters in... more

Spark sells Telecom Rentals for $106M to FlexiGroup

4 Mar 2015 Business News
Article - BusinessDesk Spark sells Telecom Rentals for $106M to Australia's FlexiGroupBy Tina MorrisonMarch 4 (BusinessDesk) - Spark New Zealand, formerly Telecom Corp, agreed to sell its Telecom Rentals... more

Auckland houses prices fall in Feb as volume, listings rise

4 Mar 2015 Business News
Article - BusinessDesk Auckland houses prices fall in February as volume, listings pick upBy Suze MetherellMarch 4 (BusinessDesk) - Auckland house prices fell in February, as listings rose and the number of... more

NZ new vehicle sales jump 8.1% to 31-year high in February

4 Mar 2015 Business News
Article - BusinessDesk NZ new vehicle sales jump 8.1% to 31-year high in FebruaryBy Tina MorrisonMarch 4 (BusinessDesk) - New Zealand new vehicle sales rose 8.1 percent in February to the highest level for 31... more

NZX appoints First NZ Capital as NXT market maker

4 Mar 2015 Business News
Article - BusinessDesk NZX appoints First NZ Capital as NXT market makerBy Suze MetherellMarch 4 (BusinessDesk) - NZX, the stock market operator, named First NZ Capital as the first brokerage to agree to be a... more

NZX share trading climbs in February

4 Mar 2015 Business News
Article - BusinessDesk NZX share trading climbs in February, equity market tops $100blnBy Paul McBethMarch 4 (BusinessDesk) - The volume and value of cash trading on New Zealand's share market rose in February,... more

NZ dollar benefits from commodity currency gains

4 Mar 2015 Business News
Article - BusinessDesk NZ dollar benefits from commodity currency gains after RBA decision, Canadian GDPBy Tina MorrisonMarch 4 (BusinessDesk) - The New Zealand dollar rose along with other commodity currencies... more

Dairy product prices rise with butter and cheddar

4 Mar 2015 Business News
Article - BusinessDesk Dairy product prices rise with butter and cheddarMarch 4 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, as gains in the price of butter and cheddar... more

Bankrupt Bryers needs to get back on his feet, lawyer says

3 Mar 2015 Business News
Article - BusinessDesk Bankrupt Bryers needs to get back on his feet, lawyer in discharge hearing saysBy Fiona RotherhamMarch 3 (BusinessDesk) - Mark Bryers, bankrupted in 2009 owing $230 million, is running... more

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News

Britain's most hated woman fires up NZ

2 Mar 2015 News
There's no excuse for being overweight, you can judge kids by their names and it's okay to miss their birthday - that's the opinion of... more

MPs’ remuneration to be changed

2 Mar 2015 News
Prime Minister John Key today announced an overhaul of the Remuneration Authority Act, tying MP salaries to those of the wider ... more

Business

Govt resisting pressure to pump more cash into Solid Energy

2 Mar 2015 Business News
Article - BusinessDesk   Govt resisting pressure to inject more cash into Solid Energy By Pattrick Smellie March 2... more

KiwiRail 1H earnings fall on lower coal, logs, dairy volumes

2 Mar 2015 Business News
By Paul McBeth March 2 (BusinessDesk) - KiwiRail, the unprofitable government-owned rail operator, reported a 6 percent drop in... more

Living

NZ wins the cricket - but England wins the battle of the bubbles

2 Mar 2015 Food & Wine
New Zealand may have thrashed England on the cricket pitch, but the two countries went head to head with a strong team of sparkling... more

The forgotten heroes of the Great War: Win a copy with NZNewsUK

2 Mar 2015 Entertainment
A landmark release for Anzac Day 2015 and the 100th anniversary of the Gallipoli campaign. Based on real people and events, the... more

Property

Kiwis becoming longer-term renters

2 Mar 2015 Property
Pressure on home-buyers increases the number of long-term renters. Soaring house prices and tighter lending rules mean... more

Average Auckland house price hits record $764,000

2 Mar 2015 Property
Average asking prices for houses have smashed through the half-million-dollar barrier for the first time. New figures from... more

Migration

PM plays down claim war criminals are living in NZ

2 Mar 2015 Migration
Prime Minister John Key says he is not aware of any suspected war criminals from the former Yugoslavia in New Zealand. The claim that... more

NZ migration rose to record in 2014

30 Jan 2015 Migration By Tina Morrison
  NZ migration surged to record in 2014, helped by robust economy Jan. 30 (BusinessDesk) - New Zealand migration surged to a... more

Travel

Air New Zealand promises cheaper deals

2 Mar 2015 Travel & Tourism
Air New Zealand is promising more discounted fares as it adds hundreds of thousands of extra seats to its network where travel agents... more

Oz holiday boom as kiwi dollar surges

2 Mar 2015 Travel & Tourism
Travel across the Tasman is forecast to increase this year as the Australian dollar continues its recent trend towards parity with the... more

Sport

McCarty Gets First Win, Tillotson Takes Two in the Bs

2 Mar 2015 Cycling
  Jason McCarty notched up his first win at the Burkes Cycles Speed League Summer Series Round 5, held at the Wellington... more

It’s Aussie, Aussie, Aussie for Kia Magic

2 Mar 2015 Netball
Following their opening round away win, the Kia Magic are looking forward to playing in front of a home crowd in Tauranga next... more

Columns

Gordon Campbell on the recent smackdown over Greece

2 Mar 2015 Opinion
There had been a fortnight of fevered buildup. Yet here we are in the aftermath of the February 28 showdown between the new Syriza... more

Gordon Campbell on the wage hike for MPs, and Paul Robeson

27 Feb 2015 Opinion
  Gordon Campbell on the wage hike for MPs, and Paul Robeson Hard to tell what is more infuriating. Is it the 5.3% increase on... more

Kiwi Success

New Consul-General to Sydney

20 Feb 2015 Appointments
Foreign Minister Murray McCully has named diplomat Billie Moore as New Zealand’s new Consul-General in Sydney. "Ms Moore will... more

New Ambassador to Ethiopia and the AU

20 Feb 2015 Appointments
New Zealand Government New Ambassador to Ethiopia and the AU Foreign Minister Murray McCully has named diplomat Bruce Shepherd as ... more

Recruitment

Luring talent to job expos a win-win

2 Mar 2015 Recruitment
Bringing employers face-to-face with future workforce creates positive labour market outcomes, writes Mark Gillard, director of the... more

Living wage estimate rises to $19.25/hour

2 Mar 2015 Recruitment
Campaigners for a "living wage" say it now costs $19.25 an hour for a mother, father and two children to "live with dignity" in New... more