Industries

Contact stake sale 'positive'

News of Origin Energy's sell-down had been expected and the market was ready for it.

The sale of Origin Energy's 53 per cent stake in Contact Energy is welcome, an analyst says.

Real estate firm 'negligent' in botched $6m sale

Justice Mark Woolford said a competent real estate agent would have known the offer presented to the Messengers "seriously disadvantaged them".

High Court orders an Auckland Bayleys franchise to pay its former client more than $2.2m.

House values set new record

House values across the country have increased at a rate not seen since late 2007.

House prices across NZ have have increased at the fastest rate since 2007 - a whopping 10 per cent.

Coast town awaits Solid Energy decision

Dark clouds over Westport will continue with more uncertainty over the future of Solid Energy and its mines on the West Coast.

The Government has been warned not to sell the West Coast's Stockton Mine in a "fire sale".

VMob won't list in Australia

VMob believes high-tech loyalty schemes running on smartphones can help draw shoppers back into stores.

Auckland cloud software company shelves plans to list on the Australian stock market this year.

Commodity prices slump

Dairy prices led the declines in world commodity prices in July, falling 23.1 per cent.

World dairy prices collapse more than 23 per cent in July to 11-year lows.

Insurer's profit jumps 64pc

Vero New Zealand chief executive Gary Dransfield says the resolution of Canterbury earthquake claims remains a priority.

Fair weather boosts profits at one of NZ's biggest insurance groups, Vero and AA Insurance.

Home repair risk in Canterbury

A house being constructed during the earlier days of the rebuild.

Warning that Christchurch's housing rebuild could be compromised as cash quake payouts increase.

Kiwi confidence trumps Aussie gloom

New Zealanders are more optimistic aobut their economic prospects than Australians.

Kiwi consumers are growing more confident, but New Zealand is still below the Asia-Pacific average.

Aussie rate call in kiwi's sights

The NZ dollar is stable in the face of overseas events, but could shift with the dairy auction and Australian rate announcements.

A busy Tuesday with the dairy auction and Australian interest rate decision could prompt moves in the NZ dollar.

TGH to sell up to half of The Base

An aerial shot of The Base in 2013. Half of the development is now up for sale.

Half of Waikato-Tainui's flagship development, The Base shopping centre, will go up for sale as the tribe seeks to free up cash.

Solid Energy decision imminent

Liquidation for Solid Energy is not a "preferred option", John Key says.

State-owned company Solid Energy could know its fate within a matter of weeks, Key says.

Henderson's business affairs under court probe

Christchurch bankrupt Dave Henderson wants out of bankruptcy but must face a court probe first.

Christchurch bankrupt Dave Henderson wants out of bankruptcy but must face a court probe first.

Trilogy shares up on profit forecast

Trilogy group chief executive Angela Buglass says the company's strategy is paying off.

Shares in cosmetics and candle maker Trilogy International jumped 21 per cent after the company flagged a tripling in half year profits.

Jetpacks to be made in China

Peter Coker, chief executive of Martin Aircraft

Jetpack flying machine company Martin Aircraft will have its flying machines produced in China.

Support for small businesses

Ngaire Mansfield, one of eight recipients of a new scholarship by The Icehouse, is director of Straight Flush Plumbing, which she owns with husband Jeremy.

Group of small business get a leg-up through a scholarship from business growth hub The Icehouse.

Tiwai deal 'brilliant outcome'

Tiwai Point Aluminium Smelter NZAS as seen from Bluff Hill.

Aluminium production will continue at Bluff's Tiwai Point smelter, meaning a huge sigh of relief for Southland.

Firm trades on despite $16m debt

Log transport business Waimea Contract Carriers has been placed in voluntary administration owing $16 million.

Creditors vote in favour of repayment deal to keep Waimea Contract Carriers in business.

Guilty plea for forestry death

The company Maryanne Butler-Finlay's husband Charles worked for has pleaded guilty to charges relating to his death in 2013.

A forestry company has pleaded guilty to breaches of safety laws that resulted in the death of Charles Finlay.

Big week ahead for NZ dollar

The New Zealand dollar could be in for some movement this week with major economic data coming out domestically and overseas.

A number of events coming up this week have the potential to move the NZ dollar.

‘Ransomware’ scare for law firm

Cavell Leitch was among several businesses in New Zealand targeted by overseas hackers with ransom notes.

Christchurch Law firm narrowly avoids falling victim to a cyber scam.

Reefton braces for loss of goldmine

OceanaGold's Globe Progress goldmine near Reefton is about to go into care and maintenance.

A small West Coast town is bracing for change as the local goldmine is readied for mothballing.

Glittering prizes

Dame Alison Paterson was inducted into the New Zealand Business Hall of Fame for her work in governance.

Business hall of fame

Affordability - the holy grail

John Sax executive director Southpark Group of Companies.

Millionnaire says affordable housing will be protected on a new $900m development in Mangere.

Finance diary

Farmers will be keeping a close eye on the outcome of the GlobalDairyTrade auction on Thursday.

Business events for the week ahead.

TPP critics prepare legal action video

The deal as it stands for New Zealand dairy farmers at TPP negotiations could mean a backwards step for the industry.

TPP negotiations could be nearing a conclusion without a decent dairy deal.

Inland port means more Timaru freight

Timaru District mayor Damon Odey, left, and PrimePort chief executive Phil Melhopt attend the opening of Port of Tauranga's MetroPort at Rolleston on Friday.

A new $20 million inland port in Rolleston means more rail-freighted containers for Timaru's port, PrimePort Timaru's chief executive says.

New Canterbury inland port offers more choice

The opening of Port of Tauranga's inland port Metroport, at Rolleston, 22 kilometres south of Christchurch with Transport Minister Simon Bridges attending.

New competition for import and exporting customers with Canterbury inland port.

Two fishhooks found in Windows 10

A couple of surprises have been found under the bonnet of Microsoft's latest operating system.

InternetNZ says customers on capped broadband plans may want to check a setting used to distribute Microsoft updates.

Why faking your CV is a popular pastime

CV fraud is not uncommon according to recruitment agents in the Waikato

Recruitment agents say there's a spike in CV fraud, and it's up to employers to watch out.

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