Industries

Auckland housing plan on track

BELOW ITS PEAK: But the number of dwelling consents issued in Auckland is back at 2006 levels after a decade of little growth.

Government and council say they're on track with strategy to ease Auckland's housing shortage.

Home builder liquidated

NZ money, coins, cash

Concept Homes Tokoroa hits trouble owing more than $1 million to 70 businesses.

Size matters for Vodafone, Spark

NOT BUDGING: Vodafone is sticking by its claim it has the largest 4G mobile network in new billboards.

Vodafone and Spark trade fresh blows over which has the biggest 4G mobile network.

RBNZ confirms staff cuts

rbnz

The central bank will cut 19 roles and establish eight new jobs.

Long-term Hubbard investor wins case

VINDICATED: Long-term Hubbard fund investor Graham Carr won a court ruling over how the money will be distributed.

South Canterbury businessman Graham Carr wins court battle which held up a $16m payout.

Construction tails off

The latest building activity figures suggest that this week's quarter-point interest rate cut may be needed to stimulate growth in consumer confidence and in construction.

Home building work rose in the last three months of last year, but commercial work eased.

Spark sells finance arm

MORE CHANGES: Spark has sold its financing arm for $106 million.

Australian-owned FlexiGroup will buy Telecom Rentals for $106m.

Fonterra dairy prices creep higher

Fonterra

Prices rose 1.1 per cent at the overnight auction, driven by a big jump in cheddar and butter milk powder.

Under-fire manager disappears

HR and training manager Louise Alexandra.

Senior manager involved in the lewd cake case disappears from company records.

Let them eat cake

CAKE BAKE: Karen Hammond, who baked the cake at the centre of a Human Rights Review Tribunal hearing.

OPINION: This week's "rude cake" payout decision raises the bar for injury-to-feelings compensation under the Privacy Act.

Woolworths cops $110m loss

Woolies has sold its stake in The Warehouse Group for $84.1 million.

Australian supermarket giant Woolworths has sold its stake in The Warehouse to the family behind Farmers and Pascoes at a $110m loss.

Profit isn't for investors

Australian households could be caught out by asset bubbles if rates are cut below 2 per cent,  a growing number of economists and market analysts say.

The Canterbury Mortgage Trust made a profit but there is no dividend any time soon for its more than 4000 long-suffering local investors.

Call for CCT to be more open

Transport operator Robin McCarthy said there was a lack of transparency in CCT.

Christchurch and Canterbury Tourism needs to be more transparent and open to the public, tourism operators say.

Martin enjoys rollercoaster rise

A handout photo released on February 25, 2015 by Martin Aircraft Company Limited shows a demonstration of a newly developed personalized jetpack in Christchurch.  A New Zealand company developing personalized jetpacks skyrocketed on February 25, 2015 in the wake of its debut on the Australian stock exchange this week, briefly doubling its share price.   AFP PHOTO / MARTIN AIRCRAFT COMPANY LIMITED 
-----EDITORS NOTE ----RESTRICTED TO EDITORIAL USE MANDATORY CREDIT " AFP PHOTO / MARTIN AIRCRAFT COMPANY LIMITED" NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

Investors in jetpack developer Martin Aircraft are on a very wild ride.

Pascoe family ups Warehouse stake

Woolies has sold its stake in The Warehouse Group for $84.1 million.

The owner of Farmers says it is not planning a takeover of the big box retailer.

Port worker injured

Lyttelton Port.

Man has suspected broken arm and head injury after falling 2 metres while unloading a ship.

Competition holds power prices flat

light bulb

Electricity prices are being held and may fall slightly this year, according to the Electricity Authority.

NZ hotel prices rise

LUXURY ITEM: Hotel room rates are on the rise, bookings data confirms.

The price Kiwis are having to pay for a night away is being driven up by the strong economy and an influx of foreign tourists.

Inland Revenue pays for trans-Tasman commuting

IRD building

Inland Revenue is paying for more than a dozen consultants working on its $1 billion "Business Transformation" project to commute between Australia and Wellington.

Charged over tuna boat death

Court generic, NZ court

Talley's Group charged with failing to ensure staff safety after a man died on one of its tuna boats.

Migrant influx will be housed, says Key

JOHN KEY: "The pipeline of building activity is very significant".

John Key says enough houses are "in the pipeline" in Auckland to meet demand from immigration.

TSB confirms talks with Solid Energy

Banks are in talks with Solid Energy to "hopefully help the company see its way through".

Prime Minister John Key is refusing to rule out giving taxpayer cash to Solid Energy.

Public sector pay at risk: Little

ANDREW LITTLE: "You don't want to constrain their legitimate claims; you've got some big settlements coming up this year - the nurses, police, teachers - and actually there may well be a case in all those cases for a reasonable pay increase."

Public servants could be stymied in wage rises with MPs pay bump set to match theirs, says Andrew Little.

Rocket Lab teams with Lockheed

REVOLUTION: Rocket Lab, founded by Peter Beck, develops aerospace technology.

New Zealand's Rocket Lab secures financial backing from US aerospace giant Lockheed Martin.

Mr Zogs Sexwax court battle ends

gavel

Supreme Court dumps long-running dispute between swimwear firm Zoggs and Mr Zogs Sexwax.

Mark Bryers seeks bankruptcy end

OBJECTION LODGED: The High Court  will decide whether or not to discharge Bryers' bankruptcy, and whether to attach any conditions to it.

Blue Chip's founder returns to NZ to face public examination.

Law change on MP pay rises

money, NZ dollars, cash

Government will urgently legislate to change the way MPs' pay rises are calculated after the latest 5.4pc increase.

Migrants seen boosting house prices

mortgage

Net immigration numbers are likely to set new records, potentially pushing up house prices,Treasury says.

TVNZ posts $19.8m profit

TVNZ Auckland HQ

But the state-owned broadcaster says it grabbed a bigger slice of a 'weak' TV ad market.

Solid Energy lenders talk restructure

Solid Energy.

TSB, which has written off a $53.9m loan, and other banks look at a package to keep miner afloat.

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