Friday, 09 December 2016

Business News

  • UDC posts record profit despite interest margin fall

    17:38 | 8/12/16
    Dec. 8 (BusinessDesk) - ANZ Bank New Zealand's UDC finance unit has posted a record annual profit, driven by booming car sales and strong growth in forestry, transport and construction.  more»
  • T’is the Season to be Jolly….Confused

    17:34 | 8/12/16
    OPINION: Last weekend’s National Crate Day exhorted drinkers to celebrate the first day of summer by ‘getting on it’ with friends and, of course, a crate. Not necessarily the best start to summer if your intention was to drink an entire crate in one sitting. more»
  • Bapcor refuses to allow dividend in addition to offer price

    17:00 | 8/12/16
    Hellaby Holdings Limited (NZX: HBY) has been advised today by the Takeovers Panel that, as a result of Bapcor’s public statements, the offer price of $3.60 per share is a ‘last and final’ offer price which, under the Takeovers Code, cannot now ... more»
  • Spending wins over tax cuts; big ticket items get boost

    16:55 | 8/12/16
    Dec. 8 (BusinessDesk) - Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. more»
  • NZ government to spend more as economy accelerates

    16:52 | 8/12/16
    Dec. 8 (BusinessDesk) - The New Zealand government has earmarked an extra $2.1 billion for capital spending in its election-year budget as it benefits from a stronger forecast track of economic growth in the next few years that will swell its tax take. more»
  • English cites 'strong support', won't name preferred deputy

    16:49 | 8/12/16
    Dec. 8 (BusinessDesk) - Finance Minister Bill English says he is "finding strong support in the caucus” for his bid to replace John Key as Prime Minister next Monday after Key unexpectedly announced his resignation and departure from politics on Monday. more»
  • Health and Safety isn’t the Christmas Grinch

    16:21 | 8/12/16
    Myths continue to abound about how health and safety is stopping New Zealanders from doing all the fun things they used to do.  more»
  • Northland power outage - update 4pm 8/12/16

    16:19 | 8/12/16
    Transpower is continuing to work to restore power to all affected regions of Northland. As mains power is being restored, Vodafone technicians are working on cell sites in each of these regions to switch them over from back-up generators, to mains power, ... more»
  • New App Makes it Simple for Tourists to Buy More NZ Wine

    16:16 | 8/12/16
  • Fonterra total payout this year likely to be $6.40/kgMS

    16:13 | 8/12/16
    Dec. 8 (BusinessDesk) - Fonterra Cooperative Group has told shareholders at its annual meeting in Darfield today that the indicative payout level to its 10,500 farmer suppliers this season will be $6.40 per kilogram of milk solids. more»
  • Conservation trust seeks tenant for dairy farm

    16:05 | 8/12/16
    The Isaac Conservation and Wildlife Trust seeks a tenant for the 80 hectare dairying operation in McLeans Island Road, Harewood – directly opposite Harewood Golf Course. The lease marketing campaign is being undertaken by Bayleys Canterbury, with tenders ... more»
  • Mixed Results For Wool

    15:50 | 8/12/16
    New Zealand Wool Services International Ltd’s CEO Mr John Dawson reports that the North Island auction comprising 9400 bales, which was 2000 bales above anticipated roster, saw a 93 percent clearance with a continuation of targeted buying. With price ... more»
  • Farmers urged to report all crime

    15:43 | 8/12/16
    A Federated Farmers survey shows the rural sector is plagued by thieves, rustlers and poachers but not enough farmers are reporting their losses.  more»
  • Recruitment trends for 2017

    15:43 | 8/12/16
    What will the recruitment market in 2017 bring? According to recruiting experts Hays, jobs growth, flexible headcounts, a digital skills gap, wage pressure for highly-skilled professionals and work-life integration will be key features. more»
  • Fairfax Media confirms approach by potential buyer

    15:40 | 8/12/16
    Dec. 8 (BusinessDesk) - Fairfax Media, which plans to merge its New Zealand media business with rival NZME, confirmed speculation it had been approached by a third party about the acquisition of its New Zealand unit, but said it's not in talks with ... more»