Business

Solid Energy’s Chair steps down

24 Feb 2015 Business News
New Zealand Government Hon Todd McClay Minister for State Owned Enterprises 24 February 2015 Media Statement Solid Energy’s Chair steps down State Owned Enterprises Minister Todd McClay has thanked... more

UPDATE: Scentre's NZ mall sell off follows new strategy

24 Feb 2015 Business News
Article - BusinessDesk UPDATE: Scentre Group's NZ shopping mall sell off follows changed strategy, analyst saysBy Fiona RotherhamFeb. 24 (BusinessDesk) - The sale of Scentre Group’s four remaining 100... more

NZ firms again lower their inflation expectations

24 Feb 2015 Business News
Article - BusinessDesk NZ firms again lower their inflation expectations, see no RBNZ action this yearBy Jonathan UnderhillFeb. 24 (BusinessDesk) - New Zealand businesses have again trimmed their expectations... more

UPDATE: Scentre Group says business as usual for NZ malls

24 Feb 2015 Business News
Article - BusinessDesk UPDATE: Scentre Group says business as usual for NZ shopping malls on the block(Updates with comment from Scentre)By Fiona RotherhamFeb. 24 (BusinessDesk) - Scentre Group, the... more

Asaleo Care beats prospectus with 18% gain in FY profit

24 Feb 2015 Business News
Article - BusinessDesk Asaleo Care beats prospectus with 18% gain in full-year profitBy Jonathan UnderhillFeb. 24 (BusinessDesk) - Asaleo Care, the maker of household brands such as Libra, Sorbent, Purex and... more

UPDATE: Genesis stock falls on stretch to reach FY earnings

24 Feb 2015 Business News
Article - BusinessDesk UPDATE: Genesis Energy stock falls on stretch to reach FY earnings targetFeb. 24 (BusinessDesk) - Genesis Energy shares fell after New Zealand’s largest energy retailer said it faced... more

ASX-listed Scentre to sell remaining 100%-owned NZ malls

24 Feb 2015 Business News
Article - BusinessDesk ASX-listed Scentre Group to sell remaining four 100%-owned shopping malls in NZBy Fiona RotherhamFeb. 24 (BusinessDesk) - Scentre Group, the Australasian shopping centre owner, is selling... more

Martin Aircraft jumps 50% in ASX debut

24 Feb 2015 Business News By Suze Metherell
Feb. 24 (BusinessDesk) - Martin Aircraft shares jumped 50 percent on their debut on the Australian Stock Exchange after the company raised A$27 million to fund the commercialisation of its jetpack. The shares... more

UPDATE: Shares of SLI jump 15% on 1H revenue gain

24 Feb 2015 Business News
Article - BusinessDesk UPDATE: Shares of SLI jump 15% on 1H revenue increase, slowing cash burn(Updates with share price, investor comment, CEO comment throughout)By Suze MetherellFeb. 24 (BusinessDesk) -... more

UPDATE: Summerset posts 10% rise in 2014 earnings

24 Feb 2015 Business News
Article - BusinessDesk UPDATE: Summerset posts 10% rise in 2014 earnings, expects faster growth in 2015(Adds CEO comment starting in fourth paragraph, updates shares)By Tina MorrisonFeb. 24 (BusinessDesk) -... more

Wrightson shares touch 4-year high after 1H earnings

24 Feb 2015 Business News
Article - BusinessDesk UPDATE: PGG Wrightson shares climb to four-year high as first-half earnings beat estimates(Updates with shares, broker comment, briefing)By Paul McBethFeb. 24 (BusinessDesk) - PGG... more

Summerset posts 10% rise in 2014 underlying earnings

24 Feb 2015 Business News
Article - BusinessDesk Summerset posts 10% rise in 2014 earnings, expects faster growth in 2015By Tina MorrisonFeb. 24 (BusinessDesk) - Summerset Group, New Zealand's third-largest listed retirement village... more

Genesis Energy lifts 1H pretax earnings by 15%

24 Feb 2015 Business News
Article - BusinessDesk Genesis Energy lifts 1H pretax earnings by 15%, selling more electricity, gas to fewer customersFeb. 24 (BusinessDesk) - Genesis Energy, New Zealand’s largest energy retailer, posted a 15... more

SLI first-half loss widens by 75%, says cash burn easing

24 Feb 2015 Business News
Article - BusinessDesk SLI first-half loss widens by 75%, says cash burn easingBy Suze MetherellFeb. 24 (BusinessDesk) - SLI Systems, the online retail search engine developer, widened its first-half loss by 75... more

Wrightson 1H earnings beat estimates, sees annual increase

24 Feb 2015 Business News
Article - BusinessDesk PGG Wrightson 1H earnings beat estimates, sees annual profit growth of up to 16%By Paul McBethFeb. 24 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria... 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