S&P downgrades UK after Brexit

Standard & Poor's downgraded Britain from AAA to AA.

6:21 AM  Ratings agency Standard & Poor's strips Britain of its top credit rating as the pound and shares tumble.

Pound slides to 31-year low

How to be a millionaire by 30

They've either become millionaires or studied them, and now they're sharing their best advice.

They've either become millionaires or studied them, and now they're sharing their best advice.

Why not to pay for gym upfront

Configure Express in Centre Place in Hamilton has closed.

Paying a lump-sum is often better for the bank account, but what happens if it shuts?

Foreign trusts plan accepted video

Tax expert John Shewan has called for a shake up of New Zealand's laws around foreign trusts.

PM accepts foreign trust rules need a radical overhaul after warnings not enough's being done to counter money laundering.

Trump 'worse than Brexit' video

Donald Trump thinks there are many parallels between what's happening in the UK and the US.

OPINION: If Brexit scared the world's markets, something else could terrify them.

more top stories

Legal action out of the blue

Plans for the McKenzie and Willis site were revealed in December 2014.

The man behind $50m McKenzie and Willis redevelopment questions the timing of legal action from Christchurch's "big players".

The demise of ad jingles

Rachel Hunter's Tip Top trumpet advertisement launched her super model career in 1985.

OPINION: What has happened to advertising jingles that stuck in your head?

Pound slides to 31-year low

The pound dropped to a 31-year low.

Brexit deals a fresh blow to the sterling, as shares tumble on government uncertainty.

Brexit: What happens now? video

An anti-Brexit protest.

Brexit has destabilised the political order of the globe. But will it even happen?

Council seen as 'open chequebook'

Councillor Jessica Bagge has called for mayor Alistair Sowman to resign.

Councillors call for theatre trust to be dissolved, and for mayor Alistair Sowman to resign over embattled theatre project.

Southland silica examined

Silica mined in Southland could be smelted into silicon for manufacture and export.

Venture Southland is taking steps towards developing the silica industry in Southland. 

Theatre can't pay off loans

Blenheim's ASB Theatre.

The council is faced with paying off more than $5m after it guaranteed loans from the ASB Bank and Rata Foundation.

Postie EVs not for us

151014 New Photo Supplied Not For Sale. Going up: The Paxster model scooter which NZ Post is trialling on the streets of ...

NZ Post's new electric vehicles are not suitable for Wellington's footpaths, says the city's mayor.

Hertz crash remains a mystery

The wreckage was recovered from the ocean floor by specialist dive teams from HMNZS Manawanui.

Plane which killed 2degrees boss and his wife went into "unrecoverable spin". But why?

Homeless man banned from plaza

The van belonging to Milovan "Michael" Stankovic, who lives behind Coles Kellyville in Sydney, Australia.

He was living in the carpark and the supermarket's owners argued he was overstaying the parking limit.

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money

Lending hits record highs

New figures from the Reserve Bank show a surge of lending on residential properties in May.

Mortgage lending keeps rising, with investors' share of the borrowing creeping up.

For the love of dog

Kiwis are forking out for their pets to have chemotherapy and hip replacements, operations usually reserved for humans.

Look to Gold Coast, Auckland told

Scammer gets served video

Panama Papers

Govt accepts foreign trusts plan video

Tax expert John Shewan has called for a shake up of New Zealand's laws around foreign trusts.

John Key accepts foreign trust rules need a radical overhaul following warnings not enough's being done to counter money laundering.

Judgment day for trusts video

The foreign trust inquiry by John Shewan has helped the Government save face.

NZ's foreign trust regime is a good little earner for some, but time may be running out.

Mossack Fonseca staffer held

Geneva prosecutors led a police raid of Mossack Fonseca's local office in which computer equipment was seized.

Computer specialist at the Panama law firm is taken into custody over huge leak.

Pedro Almodovar's Julieta video

Director Pedro Almodovar leaves the Juliet' premier.

"If the Panama Papers were a film," the acclaimed Spanish director said, "we wouldn't even be credited as extras."

small business

Payout 'not an admission'

The African Market stall in the global village at Womad were asked to leave after a stoush over the placement of a chair.

Stallholders kicked out of Womad were paid $1857 so event organisers could "move on from the issue".

Californian opens Wairarapa's window

Founder of new Martinborough arts, crafts and music business Ventana, Auriga Martin.

It's got the wine, the IT, the surfing and the arty folk - it's NZ's California, new retailer believes.

Where to get funding for SMEs

Avoid drowning in debt and figure out the best way to fund your business from the outset.

OPINION. There are a range of funding options, if business owners know where to look and what's best for their business needs.

The Queen St shuffle

Auckland's rising population is sending demand - and rents - for downtown retail space to new heights.

Retail rents in Auckland CBD get too dear for the little guys.

better business

Businesses urged to think smarter online

Walters PR principal Jacquie Walters speaking about building digital relationships at the Smartweek business breakfast.

SmartWeek officially kicked off with a business breakfast focusing making the most of your online presence.

Rev-up with reinvention

The Nurture Change Business Retreat takes place at the glamorous InterContinental Hotel in Fiji.

Jeremy Moon, founder of Icebreaker

NZ a dream travel reward

Companies were often judged on the standard of their incentive travel.

NZ is increasingly on the list of international companies splashing out on lavish overseas trips.

Q&A with Jo Cribb

Former Ministry for Women chief executive Jo Cribb completed her four year term on Friday. She was a finalist in the ...

Outgoing Ministry for Women Jo Cribb talks about what being a woman of influence means to her.

opinion & analysis

Resist 'shopper's exhilaration' video

These people are exhibiting signs of marketing-induced shopper's hysteria.

OPINION: Buying great cushions with Mount Cook stitched on in mock-leather doesn't build your wealth.

Where to get funding for SMEs

Avoid drowning in debt and figure out the best way to fund your business from the outset.

OPINION. There are a range of funding options, if business owners know where to look and what's best for their business needs.

'Nothing short of a political revolution'

Boris Johnson is a former colleague of New Zealand Dame Judith Mayhew Jonas..

Changes that have caused a "political revolution" throughout Britain could strengthen the ties between the two countries one Kiwi is torn between.

Selling off to success

12012011 business Photo JOHN SELKIRK/Auckland bureau. New SST columist Martin Hawes.

A few weeks ago I sold down some shares in a tactical move - how did I choose?

farming

SFF investor still willing

Shanghai Maling head of investment Henry Wu talks to a group of Silver Ferns Farms farmer shareholders.

Shanghai Maling still committed to Silver Fern Farms investment, despite rumours.

Falcons thrive in pine forest

Falcons nest on the ground, leaving the chicks vulnerable to predators.

Logging firms have had to make allowances for falcons, which find plenty of food in pine forests.

Farmer confidence boost

Farm confidence bounced back strongly in the June quarter, according to a survey by Rabobank.

Dairy payout forecast sees positive farmers outnumber pessimists for first time in 15 months.

Bobby calf probe continues

The Ministry for Primary Industries denies Alan Cleavew as being used as a scapegoat to show MPI was taking action ...

Minister denies claims petfood company is a scapegoat over animal abuse.

world

Homeless man banned from plaza

The van belonging to Milovan "Michael" Stankovic, who lives behind Coles Kellyville in Sydney, Australia.

He was living in the carpark and the supermarket's owners argued he was overstaying the parking limit.

Plane erupts in flames video

The right wing of the plane erupted in flames after it landed at Changi Airport.

Passengers filmed as fierce flames and thick black smoke billowed from the wing.

Canal opens to mega ships video

Chinese container vessel Andronikos navigates the Agua Clara locks during the first ceremonial pass through the newly ...

New locks double capacity as the canal hopes to compete more with the Suez Canal in Egypt and tap new markets.

Veda 'opt-out' slammed

Privacy advocates have slammed Veda for using the online form to obtain a  credit report as a "marketing opportunity".

Simon was very careful with his personal information, so a rival bank's approach came as a surprise.

People power can drive business transformation – but only if managers let it.

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