Business

MARKET CLOSE: NZ shares rise, led by Tower, Fletcher

26 May 2015 Business News
Article - BusinessDesk MARKET CLOSE: NZ shares rise, led by Tower, FletcherBy Suze MetherellMay 26 (BusinessDesk) - New Zealand shares rose, led by Tower, after the general insurer lifted its dividend.... more

NZ dollar little changed as investors await US economic data

26 May 2015 Business News
Article - BusinessDesk NZ dollar little changed as investors await US economic dataBy Paul McBethMay 26 (BusinessDesk) - The New Zealand dollar was little changed as investors await US data after markets in the... more

Sky TV programming costs likely to rise vs revenue in 2016

26 May 2015 Business News
Article - BusinessDesk Sky TV said programming costs to revenue ratio likely to be up in the 2016 financial yearBy Fiona RotherhamMay 26 (BusinessDesk) - Sky Network Television, the country’s dominant pay-TV... more

Green Cross annual profit falls 4.1% on higher staff costs

26 May 2015 Business News
Article - BusinessDesk Green Cross annual profit falls 4.1% on higher staff costsBy Suze MetherellMay 26 (BusinessDesk) - Green Cross Health, formerly known as PharmacyBrands, posted a 4.1 percent decline in... more

UPDATE: Scott Technology cuts 13 jobs after 'busy' 2014: CEO

26 May 2015 Business News
Article - BusinessDesk UPDATE: Scott Technology cuts 13 jobs after 'busy' 2014, CEO Hopkins says(Adds CEO comment throughout)By Suze MetherellMay 26 (BusinessDesk) - Scott Technology has confirmed it laid off... more

Scott Technology cans 13 staff, moves to more temps: EPMU

26 May 2015 Business News
Article - BusinessDesk Scott Technology lays off 13 staff, moves to more temp workers, EPMU saysBy Suze MetherellMay 26 (BusinessDesk) - Scott Technology, the industrial automation firm, has laid off 13 workers... more

2degrees posts reduced loss of $33.6M, will launch UFB soon

26 May 2015 Business News
Article - BusinessDesk 2degrees posts reduced loss of $33.6 mln, will launch UFB bundled offer soonBy Fiona RotherhamMay 26 (BusinessDesk) - Two Degrees Mobile, the country's newest mobile phone operator, is... more

UPDATE: FMA gives NZX clean bill of health on oversight

26 May 2015 Business News
Article - BusinessDesk UPDATE: FMA gives NZX clean bill of health on overseeing markets(Adds FMA comment, fixes Garth Stanish's name in 4th graph)By Fiona RotherhamMay 26 (BusinessDesk) - For the first time in... more

Chorus says RMA fix needed to aid fibre rollout

26 May 2015 Business News
Article - BusinessDesk Chorus says RMA fix needed as fibre rollout stumbles on shared driveways, multi-unit homesBy Paul McBethMay 26 (BusinessDesk) - Chorus, the regulated telecommunications network operator,... more

UPDATE: Tower shares gain on dividend, 1H earnings

26 May 2015 Business News
Article - BusinessDesk UPDATE: Tower shares gain on souped-up dividend, 1H underlying earnings rise(Updated and recast with broker, CEO comment, share price)By Paul McBethMay 26 (BusinessDesk) - Tower shares... more

Orion Health reports $61M loss, revenue beats prospectus

26 May 2015 Business News
Article - BusinessDesk Orion Health reports $61M loss, beats prospectus on recurring revenueMay 26 (BusinessDesk) - Orion Health, the healthcare system software developer, reported a $60.8 million loss for the... more

NZ trade surplus narrows in April as dairy exports fall

26 May 2015 Business News By Tina Morrison
  NZ trade surplus narrows as expected in April as whole milk powder exports decline May 26 (BusinessDesk) - New Zealand’s trade surplus narrowed as expected in April as whole milk powder exports to... more

FMA gives NZX clean bill of health for over regulation

26 May 2015 Business News
Article - BusinessDesk FMA gives NZX clean bill of health for its regulation of marketsBy Fiona RotherhamMay 26 (BusinessDesk) - The Financial Markets Authority has given New Zealand's markets operator, NZX,... more

SkyCity lifts minimum convention centre investment to $430M

26 May 2015 Business News
Article - BusinessDesk SkyCity lifts minimum convention centre investment to $430M, says total cost could reach $470MBy Suze MetherellMay 26 (BusinessDesk) - SkyCity Entertainment Group, the casino operator,... more

Tower posts first-half loss on increased quake costs

26 May 2015 Business News
Article - BusinessDesk Tower posts first-half loss on increased quake costs, underlying earnings rise in line with guidanceBy Paul McBethMay 26 (BusinessDesk) - Tower, the general insurer, reported a loss in... more

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News

Waitangi signing commemorated 175 years on

26 May 2015 News
Horizons Regional Council Waitangi signing commemorated 175 years on A Rangitikei River stone monument commemorating a significant... more

NZ welcomes interception of IUU fishing vessels

23 May 2015 News
Foreign Minister Murray McCully has welcomed the news that two well-known illegal, unreported and unregulated (IUU) fishing vessels,... more

Business

NZ trade surplus narrows in April as dairy exports fall

26 May 2015 Business News By Tina Morrison
  NZ trade surplus narrows as expected in April as whole milk powder exports decline May 26 (BusinessDesk) - New... more

NZ consumer confidence slips in May

22 May 2015 Business News By Tina Morrison
May 22 (BusinessDesk) - New Zealand consumer confidence slipped in May as sentiment about current and future conditions eased. The... more

Living

NZ Surfer Daniel Kereopa in New Documentary

23 May 2015 Lifestyle
The pride and glory of winning The Ultimate Waterman is relived for Kiwi Daniel Kereopa in a documentary that went live online this... more

Britain remembers the ANZACs - 100 years on

25 Apr 2015 ANZAC By Charlotte Everett
100 years after allied forces landed in Gallipoli, 25 April – ANZAC Day – has been commemorated in the UK officially for... more

Property

New guidance on home construction

22 May 2015 Property
Building and Housing Minister Dr Nick Smith today released at the Certified Builders’ Association conference in Christchurch... more

Goodman Property lifts FY earnings 5.4% on revenue growth

20 May 2015 Property By Paul McBeth
  Goodman Property lifts FY earnings 5.4% on revenue growth, cost clamp down May 20 (BusinessDesk) - Goodman Property Trust,... more

Migration

Migrant exploitation Bill passed

30 Apr 2015 Migration
The Immigration Amendment Bill (No 2) which cracks down on employers who exploit migrant workers passed its final reading in... more

NZ migration hits new annual record in March

23 Apr 2015 Migration By Tina Morrison
April 23 (BusinessDesk) - New Zealand migration hit a new annual record in March, as more students arrived from India and China and... more

Travel

Border clearance levy to be introduced

21 May 2015 Travel & Tourism
New Zealand Government Hon Nathan GuyMinister for Primary IndustriesHon Nicky WagnerMinister of Customs 21 May 2015 Border clearance... more

Two new tourism projects to receive funding

20 May 2015 NZ Tourism
  Prime Minister and Tourism Minister John Key has today announced the Government is investing in two new tourism projects in... more

Sport

England wins by 124 runs at Lord's

26 May 2015 Cricket
DAY FIVE: First Innings: England 389 (Root 98, Stokes 92; Henry 4-93, Boult 4-79) v BLACKCAPS 523 (Williamson 132, Guptill 70) in the... more

Sir Owen Glenn creates Warriors trust

26 May 2015 Rugby League
  Sir Owen Glenn is to transfer his 50% stake in the NZ Warriors rugby league franchise to a trust named the "Sir Owen Glenn... more

Columns

Gordon Campbell on Budget 2015

22 May 2015 Opinion By Gordon Campbell
From the outset, the slogan for yesterday’s Budget - “The Plan Is Working” – begged to be mocked.... more

Gordon Campbell Key’s abuse of secrecy over Iraq & The TPP

30 Apr 2015 Opinion By Gordon Campbell
  For the past week or so we’ve been hearing a lot about the child-like side of our Prime Minister. So I guess we... more

Kiwi Success

2015 Youth Awards winners announced

26 May 2015 People
Youth Minister Nikki Kaye today announced the recipients of the 2015 Youth Awards. Winners will be presented with awards at a... more

Top biology student off to Denmark Olympiad

21 May 2015 People
Sixteen-year-old Waikato Dio student Nikita Lyons is one of four students representing New Zealand at the International Biology... more

Recruitment

NZ employees rate work-life balance as top priority

26 May 2015 Press Releases By Anna Lu
  NZ employees rate work-life balance as top priority, while job seekers eye cash, survey shows May 26 (BusinessDesk) - New... more

NZ's growing ICT sector drives more diverse economy: Joyce

15 May 2015 State of the Market Report By Paul McBeth
  NZ's growing ICT sector drives rapid economic diversification, Joyce says May 15 (BusinessDesk) - New Zealand's information... more