Heart of the City paid $800,000 in contractor fees

Alex Swney

Auckland business group spent almost $800,000 on contractor expenses, with bulk likely to have been paid to disgraced ex-chief exec Alex Swney.

Orion Health shares slump

A health software system built by NZX-newbie Orion Health is facing opposition in California.

The tech company says it's suffering from the “iPhone 6 effect” as it seeks to reassure investors spooked by a poor quarterly update.

Tourism Radio NZ seeks $350K

landscape of high mountain glacier at milford sound, New Zealand mitre peak fiordland new zealand glacier generic environment travel tourism generic
Image ID : 23462760
Image Type : Stock Photo

Tourist audio guide company looks to raise up to $350,000 from the public through equity crowdfunding platform

Resort plans for two Auckland islands

Is your holiday just a distant memory now?

Two islands in Auckland have been bought by Chinese interests in a $41.5 million deal for a luxury tourist resort.

Prime News redundancies confirmed

Prime News

Sky News Australia plans to maintain a presence in New Zealand despite announcing Prime News staff redundancies.

N-Viro fills superstructure order

An artist's impression of the Brooke St pier development project in Hobart, Tasmania.

An underwater construction company in Picton is providing vital components for Australia's first major floating superstructure.

Wynyard confirms revenue target missed

CHANGE IN STRATEGY: "The key indicators of momentum and sustainable revenue growth are very strong," said Wynyard chief executive Craig Richardson.

Crime fighting software company undershoots its 2014 revenue target, as it flagged earlier.

Chinese tourists flock to NZ

Chinese tourists at Steamer Wharfe with the TSS Earnslaw while on vacation in Queenstown,  Otago, New Zealand. 2nd February 2012. Photo Tim Clayton

A flood of Chinese tourists helped lift tourist arrivals by 5 per cent in December to record highs for any month.

Migration boom tops 50,000 for first time

Suitcases to go unused... No Brisbane residents have taken up the government's cash offer to take a holiday during G20.

NZ had a record gain of almost 51,000 people in 2014, though the pace of arrivals cooled slightly in December.

Kiwi in freefall

US dollars for kiwi dollars, NZ dollar greenback

NZ dollar hits a four-year low against the greenback after tumbling by more than US6 cents in a fortnight.

Bathurst Resources culls management positions

Bathurst Resources mining

The coal miner has terminated the jobs of four of its executive management team to save money.

NZOG expects low oil prices to continue

NZ dollars, cash, money

The company has also received court approval to return about $63 million to shareholders.

Pyne Gould admits profit gap

NZ dollar down

Listed investment company Pyne Gould Corporation has admitted a $22 million hole in its accounts after booking a profit that did not materialise.

Lincoln plant to hurry foods to market

Tom Hooper, chief executive of Canterbury Development Corporation.

A $5.7 million food testing and production plant is planned for Christchurch, which will allow local businesses to experiment and test new food substances.

Direct link to China closer

The Consul General of the People's Republic of China in Christchurch, Jin Zhijian.

Direct flights between Christchurch and Guangzhou in southern China are likely in the next one to two years.

Megaliners head to NZ

Royal Caribbean's Explorer of the Seas.

Two megaliners will cruise NZ’s coastline next summer, one of which will be the largest to have visited these shores.

Low-equity home loans surge

KiwiSaver, savings, money, investment, mortgage

A mortgage lending boom has helped the supply of low-equity home loans to almost double in one year.

Secret to success for Briscoes

WAITING: The line was long to get into Briscoes yesterday.

Retailer says clever cost control is the reason for its double-digit profit forecast increase in the tough retail sector.

Dairy exports continue to dive

ANL Benalla container ship leaving Nelson, NZ export

Strong meat and log sales helped offset an ongoing dive in dairy exports as global prices slumped last year.

Pacifica Shipping launches new container vessel

nz dollar profit

Coastal shipping company Pacifica Shipping is launching a new container vessel from March replacing a smaller vessel whose charter has ended.

Rate cut prospect trims kiwi

NZ dollar down

NZ dollar falls to a fresh three-year low after the Reserve Bank said it could cut the official interest rate this year.

Boom times for Sth Island firms

NZ business confidence, money, dollar up

South Island companies in the Deloitte South Island Index achieved strong growth of 6.2 per cent in the last quarter of 2014.

McDonald's trials DIY burgers


Customers will be able to design their own burger as the fast food chain looks to tap in to the gourmet market.

Managing water demand with meters

CAREFUL WITH WATER: Councils say water demand management doesn't mean residents can't water their lawns, but they might need to be more mindful.

Every drop of water that runs through a public supply is counted by meters.

Auckland Airport upgrades rescue fleet video

TOP JOB: Adrian Littlewood manages 1500ha of prime Auckland land as well as the international gateway airport.

Auckland Airport has bought a second hovercraft and two new boats as part of a $5 million improvement.

City opposes deep-sea oil drilling

The Christchurch City Council is opposing a proposal to drill for oil in an off-shore area stretching from South Canterbury through to Banks Peninsula.

Environmental groups applaud Christchurch City Council’s stance against deep-sea oil drilling off the Canterbury coast.

FMA looking at VMob 'chain of events'

nz money

Markets regulator looks at developments at VMob after firm's concerns its directors were wrongly accused of insider trading.

RBNZ opens door to rate cut

RBNZ Reserve Bank Governor Graeme Wheeler

The bank held interest rates steady today but says the next move may be "either up or down" .

Limo boat has local coverage

LIMO RIDE: The limousine boat, on the water, and the dive boat that Matamata Motor Timmers upholstered.

When a Russian vodka billionaire reclines in the limousine boat that takes him to his luxury yacht he rests on the work of a Matamata company.

Plan to solve skills shortfall backed


Employer says proposal to grant international students permanent residency on graduation could ease skill shortages.

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