Industries

Ask the Expert: Releasing growth pressures

When businesses hit a steep stair in growth, it could be time to reevaluate its position and put in some change.

OPINION: Getting a business to the next stage of growth requires planning and calculated change.

KiwiRail makes another loss

More passengers on Cook Strait ferries on train services have helped improve KiwiRail's financial performance.

A lack of investment in its assets has driven KiwiRail to a $167 million loss for the most recent financial year.

NZI puts brake on bad driving

NZI says it will review trucking companies' driving performance every month.

Technology firm eRoad teams up with insurer to encourage safe driving.

Lifeline for GST-free shopping?

Policy makers are grappling with how to tax internet shopping.

Australian position on 'Amazon tax' had not been 'super clear', Deloitte says.

Rich-listers lose millions

Sir Michael Hill's family fortunes in the Michael Hill Jewelry empire have fluctuated during a week of sharemarket turmoil.

Some of NZ's top business people have seen more than $40m wiped off their own company shareholdings this week.

Mighty River Power profit slips

Mighty River Power's gas-fired Southdown power station in Auckland is being closed down and the company wrote off $44m as a result.

Power company will pay about $34m to investors in a special dividend, though operating profits fell 4 per cent.

Fuel prices down, but margins up

Fuel prices might be decreasing but the margins charged but petrol companies are not.

The price of fuel may be falling, but margins have more than doubled in the last four years.

Brierley buys into Smiths City

Sir Ron's dual-listed investment vehicle, Mercantile Investment Co, has picked up $991,567 worth of shares in Smiths City.

Two companies associated with Sir Ron Brierley snap up a stake in struggling retailer Smiths City.

Kiwibank boosts NZ Post's profits

Business mail is responsible for 95 per cent of NZ Post deliveries.

New Zealand Post's profit of $128 million is almost 100 per cent reliant on Kiwibank.

Countdown outshines Aussie parent

Countdown's sales grew 2.5 per cent in 2015.

Progressive Enterprises, owner of Countdown, is a good little earner for Woolworths.

Marsden port co-owner anticipates more leases

Marsden Cove marina and commercial complex, with Northport in the background.

Marsden Maritime Holdings anticipates further leasehold agreements  on its industrial estate.

NZX 50 up, NZD stays low

Many markets around the world rallied on Thursday following a week of turmoil.

The NZ share market is up amid fading fears about China, but the kiwi is more negative.

MYOB competes 'strongly' with Xero

Tim Reed is calling for simplification of the GST

Accounting software company pumps money into R&D to keep its cloud product competitive with arch rival Xero.

Kiwibank makes $127 million profit

Kiwibank chief executive Paul Brock says about a quarter of the population is a customer of the bank.

State-owned Kiwibank has reported a strong profit and a growing customer base.

Bid to attract migrant workers video

Filipino migrant Teena Dela Cruz is one of many who have already made the trip to work and live in New Zealand.

A new scheme for Canterbury hopes to attract migrant workers to settle in the region with their families.

Vector customers want control

Vector is branching out into new energy sources.

Customers want more choice over the source of energy they use and want to be more in control of their power costs, Vector’s chief executive says.

Power shop and save

Power companies are competing fiercely for their share of the market.

Fancy a month’s free power? A $150 credit on your bill? Power firms are in fierce competition.

PrimePort Timaru profits jump

PrimePort Timaru has announced a $3.9 million profit.

New partnerships, new staff, more ships and containers contributed to PrimePort Timaru's best financial result since 1989, the company says.

SkyCity prepares for last hurdle

Artist's impressions of the redesigned SkyCity International Convention Centre.

SkyCity's consent application to build the Auckland convention centre is heard today.

A broker’s view: Metlifecare

Metlifecare completed 'The Poynton' retirement village in Takapuna,  Auckland this month.

OPINION: Metlifecare has been the benefactor of an aging population, and the house price appreciation in Auckland.

Greens oppose axing Sunday ad ban

New media has prompted a policy re-think.

The Sunday morning and public holiday bans on TV and radio advertising might be scrapped.

Hellaby plans to flick shoe brands

Hannahs, one of two footwear chains that Hellaby Holdings is looking at selling.

Hellaby shareholders benefit from solid result, shoe stores on the block.

Scales strong profit boosted by higher apple exports

Christchurch-based Scales Corporation managing director Andy Borland.

Listed apple exporter Scales Corp posts a half year net profit of $33.2 million.

Worker falls down lift shaft video

The Auckland Countdown supermarket construction site where a worker fell five floors down a lift shaft.

A worker at an Auckland construction site is in a critical condition after falling five storeys down a lift shaft.

NZX 50 opens up but NZ dollar down

The New Zealand dollar has been driven lower as effects of the Chinese stock market decline have yet to lift.

The NZX 50 has opened positively but a sharp tumble overnight pushed the kiwi into the low US64 cent range.

‘Shaky’ evidence used to axe KiwiSaver kickstart

The Government axed the $1000 KiwiSaver kickstart on the basis of inaccurate information, Financial Services Council Peter Neilson says.

KiwiSaver's $1000 kickstart incentive was removed on the basis of inaccurate information, an industry lobby group has argued.

TVNZ ups profit

Cost-cutting more than offset a drop in advertising revenues at TVNZ.

State broadcaster claims biggest lead in prime time news slot for 10 years.

Dairy casts a dark shadow

The Chinese share market has plunged 40 per cent from its peak in June, but share prices had become "overcooked" before the fall.

NZ is feeling the effects of the dairy slowdown but tourism is a bright spot, NZIER says.

Tourism Holdings full year profit up 81 per cent

Grant Webster, chief executive of Tourism Holdings, expects further campervan rental growth ahead.

Tourism Holdings has boosted its annual net profit 81 per cent to a record $20.1 million.

Vodafone NZ posts $121m loss

Vodafone boss Russell Stanners says he doesn't expect losses to continue on current scale.

Phone company says customers shouldn't be concerned by its hefty loss.

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