Business

Lateral Corp jumps 75% on debut in thinly traded compliance

18 Aug 2014 Business News
Article - BusinessDesk Lateral Corp jumps 75% on debut in thinly traded compliance listingBy Paul McBethAug. 18 (BusinessDesk) - Shares of mobile payments company Lateral Corp jumped 75 percent in a thinly... more

Contact Energy mulling capital return to shareholders

18 Aug 2014 Business News
By Pattrick Smellie Aug. 18 (BusinessDesk) - Contact Energy directors are actively considering a capital return to shareholders as the company emerges from a five year, $2 billion programme of investment in... more

NZ service sector expands in July, holding above average

18 Aug 2014 Business News By Paul McBeth
Aug. 18 (BusinessDesk) - New Zealand service sector activity grew at a faster pace in July, holding above its long-term average, and fuelling firms' appetite to invest back into their business. The... more

TAG Oil earnings improve on shift to oil over gas

18 Aug 2014 Business News
Article - BusinessDesk TAG Oil earnings improve on shift to oil over gasBy Pattrick SmellieAug. 18 (BusinessDesk) - Onshore Taranaki oil and gas producer TAG Oil has shifted production heavily in favour of oil... more

Westpac, BNZ next up in bank fees' class suit

18 Aug 2014 Business News
Article - BusinessDesk Westpac, BNZ next up in bank fees' class suitBy Paul McBethAug. 18 (BusinessDesk) - Westpac Banking Corp and Bank of New Zealand are the next two lenders to face a class suit over penalty... more

Contact Energy profit up 17.6% on new plant and hydro gains

18 Aug 2014 Business News
Article - BusinessDesk Contact Energy profit up 17.6% on new plant and hydro gainsBy Pattrick SmellieAug. 18 (BusinessDesk) - The stars aligned for Contact Energy in the year to June 30, producing a 17.6... more

Meridian beats forecast with 22% drop in FY profit

18 Aug 2014 Business News
Article - BusinessDesk Meridian Energy beats prospectus forecast with 22% drop in full-year profitBy Jonathan UnderhillAug. 18 (BusinessDesk) - Meridian Energy, which went public in October with a listing of... more

Hallenstein says annual profit falls 25%

18 Aug 2014 Business News
Article - BusinessDesk   Hallenstein says annual profit falls 25% as second half disappoints By Paul McBeth Aug. 18 (BusinessDesk) - Hallenstein Glasson said annual profit fell 25 percent as the listed... more

NZ dollar little changed, Ukraine tensions rattle investors

18 Aug 2014 Business News
Article - BusinessDesk NZ dollar little changed as Ukraine tensions rattle investorsBy Paul McBethAug. 18 (BusinessDesk) - The New Zealand dollar was little changed as tensions between Russia and the Ukraine... more

MARKET CLOSE: NZ shares rise on Steel & Tube FY earnings; Xe

15 Aug 2014 Business News
Article - BusinessDesk MARKET CLOSE: NZ shares rise on Steel & Tube FY earnings; Xero dropsBy Suze MetherellAug. 15 (BusinessDesk) - New Zealand shares rose, led by Steel & Tube Holdings after it... more

Xero shares plunge as investors question US growth plans

15 Aug 2014 Business News
Article - BusinessDesk   Xero shares plunge to 10-month low as investors question US growth plans By Suze Metherell Aug. 15 (BusinessDesk) - Shares of Xero dropped to their lowest level since October last... more

NZ dollar heads for 0.4% weekly gain in lacklustre trading

15 Aug 2014 Business News
By Paul McBeth Aug. 15 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent weekly gain in what's been lacklustre trading, with little hard economic data driving direction. The kiwi rose to 84.88... more

GPG shares plunge 16% since Wednesday on pension woes

15 Aug 2014 Business News
Article - BusinessDesk GPG shares plunge 16% since Wednesday on pension woesBy Suze MetherellAug. 15 (BusinessDesk) - Shares of Guinness Peat Group have dropped 16 percent since announcing it is still grappling... more

Sproutman sells out to Golden Arches supplier

15 Aug 2014 Business News
Article - BusinessDesk Sproutman sells out to Golden Arches supplierBy Pattrick SmellieAug. 15 (BusinessDesk) - A leading New Zealand supplier of fresh salad leaves and associated fresh produce, Snapfresh, has... more

ERoad shares climb as much as 13% in NZX debut

15 Aug 2014 Business News
By Suze Metherell Aug. 15 (BusinessDesk) - Shares of ERoad, the logistics and fleet management company, climbed as much as 13 percent on its first day of trading on the NZX as a cautious market looked for... more

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News

Govt funding for Hawke’s Bay freshwater project

19 Aug 2014 News
Environment Minister Amy Adams today announced funding of $80,000 for a Hawke’s Bay Regional Council project to develop clear... more

iPredict 2014 Election Update #31: Nats take hit

19 Aug 2014 News
www.ipredict.co.nz   Key Points: • Election race narrows significantly • N... more

Business

IAG's New Zealand unit boosts annual profit 56%

19 Aug 2014 Business News
Article - BusinessDesk   IAG's New Zealand unit boosts annual profit 56% By Tina Morrison Aug. 19 (BusinessDesk) - Insurance... more

PPI falls in the second quarter as dairy prices decline

19 Aug 2014 Business News
By Tina Morrison Aug. 19 (BusinessDesk) - New Zealand producers' input and output prices fell in the second quarter of this year as... more

Living

EIT Team Scores Medals in Top Culinary Competition

19 Aug 2014 Food & Wine
A team of EIT hospitality students has won a cache of medals in the Nestlé Toque d’Or competition in Auckland. Front of... more

Maori Television to Screen the Untold Story of Pauly Fuemana

19 Aug 2014 Lifestyle
Maori/Niuean singer-songwriter Paul Fuemana shot to fame in 1995 with the song that became New Zealand’s biggest selling... 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

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

Mai Chen: Leaders best take notice of changing NZ

6 Aug 2014 Migration
Race-based policies appeal to a shrinking demographic and binding referendums could easily backfire Why is race always an election... more

Travel

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

Air NZ Dreamliner to be put on show

15 Aug 2014 Travel & Tourism
An Air New Zealand Dreamliner is to be put on show at a famous air show next week. The Boeing 787-9 aircraft will be exhibited to... more

Sport

Nonu and Kaino 'highly unlikely' for All Blacks

19 Aug 2014 Rugby
All Blacks Ma'a Nonu and Jerome Kaino have been all but ruled out of Saturday's Bledisloe Cup test at Eden Park. Nonu (shoulder) and... more

Legend holds keys to league museum

19 Aug 2014 Rugby League
  Few can claim to have had as much of an impact on New Zealand rugby league as Don Hammond. These days, Hammond is best known... more

Columns

Martin Doyle Cartoon: Doing Justice to the Election

19 Aug 2014 Opinion
Opinion - Martin Doyle   Martin Doyle Cartoon: Doing Justice to the Election Given the dirty politics that have been exposed in... more

Gordon Campbell on no more Mr Nice Guy

19 Aug 2014 Column
Column - Gordon Campbell   Gordon Campbell on no more Mr Nice Guy by Gordon Campbell When future historians seek to identify... more

Kiwi Success

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

New Ambassador to Rome appointed

7 Aug 2014 Appointments
Foreign Minister Murray McCully has appointed diplomat Patrick Rata as New Zealand’s next Ambassador to Italy. “Italy is... more

Recruitment

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

The Right To Work: Young New Zealanders

18 Aug 2014 Recruitment
Getting young people into work is about preparing them for work and ensuring they have ongoing support: sustainable youth employment... more