Industries

Kiwi at nine-year high against Aussie

The kiwi reached 95.72 Australian cents over the weekend, its highest level since December 2005.

The move comes as weaker commodity prices weigh more heavily on the Australian economy.

Infratil, Super Fund buy RetireAustralia

Stethoscope, health generic

The duo will take 100 per cent ownership of the Australian retirement village operator for A$640 million.

Agents charging by the hour

real estate

A Christchurch real estate agent is offering an alternative to sellers fed up with paying percentage commission.

Greasies a weekly treat for a lifetime

POPULAR SPOT: Derek Drummond serves up another order at the Fish Pot Cafe in Mission Bay, Auckland.

If it was Friday night and he had been good, Derek Drummond used to race his brother to their local fish and chip shop for their weekly treat.

No turkey leftovers for spendthrift Kiwis

GRUB'S UP: Kiwis spent Boxing Day 2014 eating and drinking according to Paymark figures.

Kiwis opted to splash out at restaurants and liquor stores on Boxing Day.

Fish and chips take a battering

OUT OF FAVOUR?: Times are changing and a feed of fish and chips is falling victim to franchised fast food.

Times are changing and a feed of fish and chips is falling victim to franchised fast food.

Safety concerns close port

SAFETY CONCERNS: Lyttelton Port's container terminal has repeatedly closed amid an ongoing industrial dispute.

Delays expected after Lyttelton's container terminal shuts overnight due to understaffing.

Tackling retirement village fishhooks

TIME TO REST: Retirees often don’t join forces to combat issues because they cannot be bothered with any more committees, says Frank Lowry, a founding representative of the new national lobby group.

A lobby group for people living in retirement villages plans to challenge the industry to bring about fairer deals for residents.

Anti-miners prepare court case

Women counsel appeared in 11.85 per cent of all Court of Appeal appearances in 2014.

Anti-mining group to spend the festive season preparing to take a council and and gold mine to court.

Warehouse Boxing Day sale delayed

The Warehouse has lifted its image.

Technical fault thwarts shoppers eager to get an early online Boxing Day bargain from The Warehouse.

Trolley shortage and fainting shoppers

Abhishek and Jaya Gautam took advantage of the Boxing Day sales at Briscoes in Lyall Bay, Wellington to furnish their house.

New Zealand is in the grip of Boxing Day madness with reports of fainting in stores and overcrowding at the malls.

Sparks fly over 4G ad claims

Drinking apps such as 'Drink Thin' are encouraging kids to drink

Spark may go to Commerce Commission after Vodafone dug its heels in over its 4G advertising.

Rental-return firm's new market

Traffic slow over Harbour Bridge

Auckland tech start-up offering travellers free car hire and a tank of fuel is revving up the US car rental industry.

SFF lowers debt, makes small profit

A cow has been rescued after being stuck down a mineshaft in Launching Place.

Silver Fern Farms has turned around two forgettable years after repaying $99 million in debt.

FMA expects to settle with ASB

NZ dollars, cash, money

The Financial Markets Authority expects to reach a settlement with ASB over its future sale of interest rate swaps.

Fish farmers 'doing damage too'

One of the Mackenzie Basin's salmon farms.

Mackenzie salmon farmers are discharging waste that can smother waterways, ECan says.

NZX fines Sealegs for rule breaches

AMPHIBIOUS: Sealegs craft can drive on land and water.

The amphibious vehicle maker was censured for not having enough independent directors.

ANZ and union dispute strike effect

First Union members seen taking industrial action against ANZ Bank in October. They are continuing their action today.

Union says 510 workers are striking, bank says only 110 are taking action.

Silver Fern Farms posts small profit

NZ business confidence, money, dollar up

Major meat processor Silver Fern Farms has turned around two forgettable years.

New internet cable's legal hurdle

A strand of optical-fibre protected by steel casing, similar to that which will be laid beneath the Tasman Sea.

Commerce Commission to look into competition implications of Spark, Vodafone and Telstra’s subsea cable.

Spark to Vodafone: quit bragging

Vodafone extends its 4G coverage in Invercargill, but the company may have to defend its claim it has the largest network.

Does Spark now have NZ's largest 4G network? They think they might, and want Vodafone to stop claiming otherwise.

ASB settles swaps claims

NZ dollars, cash, money

Bank pays $3.2m to settle withCommerce Commission over allegations it missold interest rate swaps to farmers.

Slowdown in China hits exports

Stressed loans in agriculture are roughly twice those of mining but the important thing to note is that the stress in the mining sector is growing, while the stress in the agricultural sector is actually going down.

The slump in dairy prices is flowing through to export figures with a vengeance.

IAG wears rising costs of rebuild

Search and rescue teams scour through the wreckage of the CTV building in Christchurch.

IAG has raised its Canterbury earthquakes bill by up to $1 billion, as it receives more over $100,000 cap claims.

First-home buyer woes worsen

home

New mortgage lending figures add to an increasingly grim picture for first-home buyers, an economist says.

Small wineries sip profits

wine

Smaller wineries are getting back into profit this year, but only just, and it is the big players who are making the most money in the industry.

$1b added to quakes bill

IAG fielded 15,300 claims from the storm, most of them pertaining to personal insurance such as home and car cover.

New Zealand's largest insurer raises Canterbury claims costs up to around $4b.

Foodstuffs sells Rugby St land

There are many variables when buying property, and every negotiation has subtle differences.

Newly sold site near Government House rumoured to be the site for a Chinese embassy compound.

Local boy at the helm

HOME GROWN: Peter Fa’afiu, left, is excited to step the Tamaki Redevelopment up a gear in his new role as chief executive.

Peter Fa'afiu has gone from "the hood to the boardroom" in a few short years.

Port injunction dismissed

FOR SALE: The Christchurch City Council may sell up to one-third of its shares in Lyttelton Port.

Lyttelton Port of Christchurch's bid to stop port workers withdrawing labour dismissed by Employment Court.

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