Business

Fonterra credit rating cut by S&P, Fitch affirms rating

29 Aug 2014 Business News
Article - BusinessDesk Fonterra credit rating cut by S&P over Beingmate deal, Fitch affirms ratingBy Paul McBethAug. 29 (BusinessDesk) - Fonterra Cooperative Group has had its A+ credit rating cut one notch... more

WDT widens 1H loss, warns FY earnings won't improve

29 Aug 2014 Business News
Article - BusinessDesk Wellington Drive widens 1H loss, warns FY earnings won't improveBy Tina MorrisonAug. 29 (BusinessDesk) - Wellington Drive Technologies, the unprofitable manufacturer of energy efficient... more

Veritas Investments to buy upmarket Nosh supermarket chain

29 Aug 2014 Business News
Article - BusinessDesk Veritas Investments to buy upmarket Nosh supermarket chainBy Suze MetherellAug. 29 (BusinessDesk) - Veritas Investments, which owns the Mad Butcher franchise business, has entered into a... more

MARKET CLOSE: NZ shares fall led by Auckland Airport

29 Aug 2014 Business News
Article - BusinessDesk MARKET CLOSE: NZ shares fall led by Auckland International Airport, energy companiesBy Suze MetherellAug. 29 (BusinessDesk) - New Zealand shares extended yesterday's decline, led by... more

Vector wins tax case over Auckland CBD tunnel payment

29 Aug 2014 Business News
Article - BusinessDesk Vector wins tax case over Auckland CBD tunnel paymentBy Paul McBethAug. 29 (BusinessDesk) - Vector, the Auckland electricity and gas network operator, has won a tax case against the... more

Lyttelton Port profit boosted by insurance payments

29 Aug 2014 Business News
Article - BusinessDesk Lyttelton Port profit boosted by insurance payments, takeover decision set for MondayBy Tina MorrisonAug. 29 (BusinessDesk) - Lyttelton Port Co, Christchurch's ocean trade hub, posted a... more

NZ dollar heads for 0.5% weekly decline

29 Aug 2014 Business News
Article - BusinessDesk NZ dollar heads for 0.5% weekly decline on brighter US economy, slowing local growthBy Paul McBethAug. 29 (BusinessDesk) - The New Zealand dollar is heading for a 0.5 percent weekly... more

Forest grant scheme will help control erosion

29 Aug 2014 Business News
NZ Forest Owners Association Forest Owners AssociationMedia release29 August 2014Forest grant scheme will help control erosionForest owners say the government’s decision to reinstate the Afforestation Grant... more

Marsden Maritime lifts annual profit 24%

29 Aug 2014 Business News
Article - BusinessDesk Marsden Maritime lifts annual profit 24% as Northport cargo rises, asset salesBy Paul McBethAug. 29 (BusinessDesk) - Marsden Maritime Holdings, formerly Northland Port Co, lifted annual... more

UPDATE:Bathurst writes off full value of Buller coal project

29 Aug 2014 Business News
Article - BusinessDesk UPDATE: Bathurst writes off full value of Buller coal project(Adds annual result, comment in 9th and 10th graphs)By Pattrick SmellieAug. 29 (BusinessDesk) - Bathurst Resources has written... more

Pyne Gould FY profit more than halves as asset sales end

29 Aug 2014 Business News
Article - BusinessDesk Pyne Gould FY profit more than halves as asset sales end, mulls restarting dividendBy Paul McBethAug. 29 (BusinessDesk) - Pyne Gould Corp, the Guernsey-based asset management firm... more

CORRECT: TVNZ lifts annual profit 25% on flat ad revenue

29 Aug 2014 Business News
Article - BusinessDesk CORRECT: TVNZ lifts annual profit 25% on flat ad revenue, quits Igloo(Fixes ASA ad percentage movements in 10th graph)By Paul McBethAug. 29 (BusinessDesk) - Television New Zealand, the... more

NZ business confidence declines for 6th consecutive month

29 Aug 2014 Business News
Article - BusinessDesk NZ business confidence declines for 6th consecutive month in AugustBy Suze MetherellAug. 29 (BusinessDesk) - New Zealand firms' confidence declined for the sixth successive month in... more

Woolworths' NZ supermarkets lift annual earnings 4.2%

29 Aug 2014 Business News
Article - BusinessDesk Woolworths' NZ supermarkets lift annual earnings 4.2% in 'subdued' conditionsBy Paul McBethAug. 29 (BusinessDesk) - Australian supermarket chain Woolworths lifted annual earnings from its... more

KiwiRail loss widens to $248M as talks on its future resume

29 Aug 2014 Business News
Article - BusinessDesk KiwiRail loss widens to $248M as talks on its future resumeBy Pattrick SmellieAug. 29 (BusinessDesk) - KiwiRail, the unprofitable government-owned rail operator, has turned a net loss of... more

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News

NZ provides further aid to Iraq

28 Aug 2014 News
New Zealand Government NZ provides further aid to Iraq Foreign Minister Murray McCully today announced that New Zealand will provide ... more

Excellence and impact for top quality research

28 Aug 2014 News
University of Auckland Excellence and impact for top quality research *Interviews:This was a University of Auckland seminar, but the... more

Business

Christchurch property investor wins policy appeal in Supreme Court

27 Aug 2014 Business News
Article - BusinessDesk   Christchurch property investor Ridgecrest wins IAG policy appeal in Supreme Court By Jonathan ... more

Time to rethink India's IT reputation, delegation says

26 Aug 2014 Business News By Pattrick Smellie
Article - BusinessDesk   Time to rethink India's IT reputation, says visiting delegation Aug. 26 (BusinessDesk) - India's... more

Living

Entries open The Hobbit Fan Fellowship Contest

26 Aug 2014 Lifestyle
Air New Zealand Air New Zealand invites Hobbit fans to enter The Hobbit Fan Fellowship Contest for a chance to win a ... more

MTV VMAs 2014: Lorde wins Best Rock Video over actual rock bands

25 Aug 2014 Environment
Singer Lorde shows off her Moonman trophy for Best Rock Video for ‘Royals.’ Lorde, have mercy. The New Zealand pop star... more

Property

House sales down as winter cools market - REINZ

14 Aug 2014 Property
New Zealand house sales fell in July as winter cooled the appetite of house hunters while a drop in properties selling for $400,000... more

NZ property values rise at slowest annual pace in 13 months

7 Aug 2014 Property By Paul McBeth
Aug. 7 (BusinessDesk) - New Zealand property values rose at the slowest annual pace in 13 months in July as rising interest rates,... more

Migration

Who's living next door to you?

20 Aug 2014 Migration
Statistics NZ puts out detailed data on different ethnic groups, down to the 108 people from the Isle of Man. Did you know there are... more

NZ population growth speeds up

14 Aug 2014 Migration
New Zealand's climb to 4.5 million people has been faster in the past year than it has in any other year in the past decade,... more

Travel

Jetstar loses ground in NZ as Qantas plunges to A$2.84B loss

28 Aug 2014 Travel & Tourism By Paul McBeth
Aug. 28 (BusinessDesk) - Jetstar, the discount unit of Australian airline Qantas Airways, lost ground in New Zealand, while claiming... more

Auckland 10th most liveable city - again

19 Aug 2014 Travel & Tourism
Auckland has again been ranked the tenth most liveable city in the world. The Economist Intelligence Unit (EIU) has released its... more

Sport

NZ Triathlon: Three Kiwi Aquathlon Golds in Edmonton

28 Aug 2014 Multisport
New Zealand has their Edmonton World Championship campaign underway with the perfect three from three gold medals in the elite... more

Dion Snell takes top prize at Auckland Rugby League Awards

28 Aug 2014 Sport
Howick Hornets second-rower Dion Snell has capped off a breakthrough year by being named 2014 Appliance Shed Fox Memorial Lion Red... more

Columns

Gordon Campbell on Peters’ latest bout of immigrant bashing

28 Aug 2014 Column By Gordon Campbell
  Gordon Campbell on Winston Peters’ latest bout of immigrant bashing, and Bob Dylan in the basement (again) So in the... more

NZ’s UN Security Council bid hangs by a nuclear thread

27 Aug 2014 Opinion By Bob Rigg
On 16 June the International Atomic Energy Agency (IAEA) in Vienna circulated a request backed by 18 members of the Arab League... more

Kiwi Success

The duo behind NZ's hottest new label

20 Aug 2014 People
We're expecting big things from Harman Grubisa, the new label from Auckland-based friends Madeleine Harman (right) and Jessica... more

Victoria announces new strategic appointments

11 Aug 2014 Appointments
Victoria University of Wellington has announced the appointment of New Zealand’s first Provost, Professor Neil... more

Recruitment

High dollar, hands-off Govt sends workers to dole queue

22 Aug 2014 Recruitment
The loss of up to 100 jobs at Croxley stationery in Auckland is devastating news for their families and the local Avondale... more

On track to surplus, more jobs, higher incomes

19 Aug 2014 Recruitment
New Zealand is on track to Budget surplus this year, backed by good growth, more jobs and higher incomes under the ... more