Industries

Higher interest rates 'fact of life'

EPL boss Tom Thomson

Canterbury businesses are taking the rise in interest rates in their stride.

Analysts expected rate rise

Percent

The Reserve Bank may take an extended winter break from raising interest rates after another move up in June, some economists say.

Sea mining company raises $1.79m

Chatham Rock Phosphate

NZX-listed Chatham Rock Phosphate has raised new capital of $1.79 million through issuing new shares to existing shareholders.

Demand for skilled labour taxes supply

Construction worker/ Hard hat

Labour demand in Canterbury is growing at a greater rate than nationally, with evidence many job vacancies are hard to fill.

Cash sought for anti-inflammatory product

Charles Daily

Promisia Integrative will begin a share purchase plan to raise $2.8 million to scientifically prove its dietary supplement works.

Ross banned by accountants

David Ross

"Difficult to imagine more serious professional misconduct," accountants' institute says.

ComCom forces probe co-operation

Countdown

Watchdog uses law to gather evidence into Countdown's alleged anti-competitive behaviour.

Mediaweb owes creditors millions

NZ money, cash

Business magazine publisher in receivership owes creditors more than $2.5 million.

79 mill jobs to go

timaru logs

A worker laid off as part of the Southern Cross Forest Product mill closure says more than just low log prices are to blame.

Car yard hit again

Rose City Cars salesman Bevan Parker

Staff "absolutely gutted" at brazen theft of sought-after vehicles from car dealership.

Bank swaps probe widens

rob everett

ANZ, ASB Bank and Westpac now face a two-pronged inquiry by regulators into interest-rate swaps sold to farmers.

Call to remove chairman

abano

Two Abano Healthcare shareholders are calling for an Extraordinary General Meeting to oust the company's chairman.

Business briefs: Chorus earnings

magnifying glass dollar

Snippets on today's business news: Chorus warns of earnings cut, Mako Networks signs deal with Australia's Telstra.

Need to know: Thursday, April 24

question mark

What is on the business agenda today and what stocks you need to watch.

Macraes gold production continues

Gold bars

Enough gold ore stockpiled to keep plant running for two years, despite a slip halting production at its open pit.

Pair deny finance fraud

Brett Ralph Dutton and James Peter Moore

Six-week trial of two men charged of double-dipping money from a finance company is nearly over.

Migration nears record levels

migrate strap

Migration is heading back to boom levels of 40,000 a year, but it's not expected to spark house price surge.

FMC faces claim over loan losses

Generic money

A firm owned by lawyers may face a claim of several million dollars for losses on loans to property developers and investors.

Maori Land Court orders $14m to land trust

Court

A Maori businesswoman who made the New Year's honours list plans to appeal against a court decision ordering her to pay almost $14.5 million to a Maori land trust.

Georgie Pie serves McDonald's well

McDonald's Georgie Pie

Relaunch of Georgie Pie helps boost fast food chain's sales, but annual profit is down.

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