Business

TSB Bank writes off $53.9 mln Solid Energy debt

27 Feb 2015 Business News
Article - BusinessDesk TSB Bank writes off $53.9 mln Solid Energy debt; Fitch affirms A- ratingBy Paul McBethFeb. 27 (BusinessDesk) - TSB Bank, the Taranaki community-owned bank, has written off the remaining... more

PGC posts 1H loss, writes down Perpetual receivable

27 Feb 2015 Business News
Article - BusinessDesk Pyne Gould posts first-half loss, writes down Perpetual receivable by $2.9 mlnBy Paul McBethFeb. 27 (BusinessDesk) - Pyne Gould Corp, whose 2014 accounts are being looked into by the... more

MARKET CLOSE: NZX 50 rises to a record; Genesis, PFI gain

27 Feb 2015 Business News
Article - BusinessDesk MARKET CLOSE: NZX 50 rises to a record; Genesis, PFI gain, Xero fallsBy Suze MetherellFeb. 27 (BusinessDesk) - New Zealand shares rose paced by Genesis Energy and Property For Industry,... more

NZ dollar heads for 0.4% weekly gain; USD poised to rise

27 Feb 2015 Business News
Article - BusinessDesk NZ dollar heads for 0.4% weekly gain; greenback poised for more strengthBy Paul McBethFeb. 27 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent gain against the... more

Fonterra's Glencoal says Waikato mine delayed, not on hold

27 Feb 2015 Business News
Article - BusinessDesk Fonterra's Glencoal says Waikato coal mine not on hold, just delayedBy Fiona RotherhamFeb. 27 (BusinessDesk) - Fonterra Cooperative Group subsidiary Glencoal has denied suggestions it has... more

Solid Energy delays 1H report on weaker coal price forecast

27 Feb 2015 Business News
Article - BusinessDesk Solid Energy delays first-half report, says future coal price weighs on debt repaymentBy Paul McBethFeb. 27 (BusinessDesk) - Solid Energy, the state-owned coal miner whose chair Pip... more

Bathurst sinks into the red in 1H, waiting for coal price

27 Feb 2015 Business News
Article - BusinessDesk Bathurst sinks into the red in first-half, still waiting for coal price to turn aroundBy Paul McBethFeb. 27 (BusinessDesk) - Bathurst Resources, which last year wrote off the value of... more

NZ business confidence gains in Feb as ag sector gets happy

27 Feb 2015 Business News
Article - BusinessDesk NZ business confidence gains in February as agri sector gets more upbeatBy Paul McBethFeb. 27 (BusinessDesk) - New Zealand business confidence improved in February as recent gains in... more

Countdown boosts 1H earnings 2.9% on cost cuts, volume gains

27 Feb 2015 Business News
Article - BusinessDesk Countdown boosts first-half earnings 2.9% amid cost cutting, higher volumesBy Tina MorrisonFeb. 27 (BusinessDesk) - Countdown, the New Zealand supermarket chain owned by Australian... more

UPDATE: US wine-drinkers trading up, Delegat says

27 Feb 2015 Business News
Article - BusinessDesk UPDATE: Winemaker Delegat says increased sales due to North American consumers trading up(Recasts, adds managing director comment)By Fiona RotherhamFeb. 27 (BusinessDesk) - Consumers... more

Marsden Maritime posts 5.7% gain in 1H profit

27 Feb 2015 Business News
Article - BusinessDesk Marsden Maritime posts 5.7% gain in 1H profit, expects FY earnings in line with last yearBy Tina MorrisonFeb. 27 (BusinessDesk) - Marsden Maritime Holdings, which owns half of Whangarei's... more

Precinct raises $73.6 million from instos in capital raising

27 Feb 2015 Business News
Article - BusinessDesk Precinct raises $73.6 million from instos in capital raisingBy Suze MetherellFeb. 27 (BusinessDesk) - Precinct Properties New Zealand, the property investor rebalancing its portfolio to... more

Transpower hikes 1H dividend, warns of regulatory threat

27 Feb 2015 Business News
Article - BusinessDesk Transpower hikes 1H dividend, warns of regulatory threat to future earningsBy Paul McBethFeb. 27 (BusinessDesk) - Transpower, the state-owned operator of the national electricity grid,... more

Allied Farmers posts 1H profit, warns on 2H dairy sales

27 Feb 2015 Business News
Article - BusinessDesk Allied Farmers posts 1H profit, says uncertain dairy sales may weigh on 2HBy Suze MetherellFeb. 27 (BusinessDesk) - Allied Farmers, which is rebuilding after taking over the failed... more

Delegat posts 45% drop in 1H profit despite rising sales

27 Feb 2015 Business News
Article - BusinessDesk Winemaker Delegat posts 45% drop in 1H profit despite rising salesBy Fiona RotherhamFeb. 27 (BusinessDesk) - Delegat Group, New Zealand’s largest listed wine company, has posted a 45 per... more

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News

Q + A: Winston Peters Interviewed by Corin Dann

1 Mar 2015 News
TVNZ Q + A 2015 Episode 1 WINSTON PETERS Interviewed by CORIN DANN CORIN Mr Peters joins me now. Good morning to you.<... more

PM saddened at passing of Dame Thea Muldoon

25 Feb 2015 News
PM saddened at passing of Dame Thea Muldoon Prime Minister John Key today expressed his sadness at the passing of Dame Thea ... more

Business

MARKET CLOSE: NZX 50 rises to record, led by Xero

25 Feb 2015 Business News
By Suze Metherell Feb. 25 (BusinessDesk) - New Zealand shares rose to a record, led by Xero after it raised $147 million from two... more

Tourism Holdings beats 1H guidance on reduced fleet

25 Feb 2015 Business News
Article - BusinessDesk   Tourism Holdings beats 1H guidance on reduced fleet, wider margins By Suze Metherell Feb. 25 ... more

Living

Lady Penelope, Parker And Brains Pictures Are Revealed

27 Feb 2015 Entertainment
Creator Sylvia Anderson to Feature in Special Thunderbirds Are Go Episode And Lady Penelope, Parker And Brains Pictures Are... more

A little drive goes a long way

25 Feb 2015 Lifestyle
Dunedin businesses have given their full support to the Otago Polytechnic Education Open 2015. The event will be taking place at... more

Property

NZ building consents fall for a second month in January

27 Feb 2015 Property By Paul McBeth
  NZ building consents fall for a second month in January, housing permits drop Feb. 27 (BusinessDesk) - New Zealand... more

Auckland inner-city height restrictions weighing on supply

25 Feb 2015 Property By Paul McBeth
Auckland inner-city height restrictions weighing on supply, RBNZ's Wheeler says Feb. 25 (BusinessDesk) - New Zealand's government... more

Migration

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

Free new Kiwi workshops return for fresh season

23 Jan 2015 Migration
Newcomer settlement support agency Auckland Regional Migrant Services (ARMS) is kick-starting the New Year with the return of its ... more

Travel

Air NZ sees fare discounts; yield pressure looms

25 Feb 2015 Travel & Tourism
By Fiona Rotherham Feb. 25 (BusinessDesk) - The only cloud on Air New Zealand’s horizon in coming months will be yield ... more

Air NZ posts higher normalised earnings

25 Feb 2015 Travel & Tourism
Article - BusinessDesk   Air NZ posts higher normalised earnings By Fiona Rotherham Feb. 25 (BusinessDesk) - Air New Zealand... more

Sport

STEPHEN FLEMING: Nervy in the end but New Zealand will take the positives

1 Mar 2015 Cricket
STEPHEN FLEMING: Nervy in the end but New Zealand will take the positives Win shows why Brendon McCullum’s men can be considered... more

New Zealand Cricket salutes Martin Crowe

1 Mar 2015 Cricket
New Zealand Cricket has saluted Martin Crowe ahead of his induction into the International Cricket Council’s Hall of... more

Columns

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

Gordon Campbell: Are NZ troops the least of IS’s problems?

25 Feb 2015 Opinion By Gordon Campbell
Gordon Campbell on whether New Zealand troops are the least of Islamic State’s problems   Given that it has been ... 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

Workforce skills target lifted

19 Feb 2015 Recruitment
Tertiary Education, Skills and Employment Minister Steven Joyce says better-than-expected Better Public Services results mean the ... more

Strong job growth and record labour market participation

4 Feb 2015 Recruitment
The latest labour market data shows continuing strong employment growth with 80,000 more jobs added to the New Zealand economy in ... more