Industries

Development stalls

LITTLE PROGRESS: Construction has halted while the company waits for funds.

Tamahere residents are concerned about unsightly constructions that seem to have stalled.

Slow pace of building a 'disgrace'

The latest building activity figures suggest that this week's quarter-point interest rate cut may be needed to stimulate growth in consumer confidence and in construction.

The pace of home building may slow this year, economists say, after a drop in the number of new home building consents issued by councils in January.

Solid Energy concerned about debt

290812News - Photo: Mark Taylor   Waikato Times / Fairfax.
More than 120 jobs will be lost at Huntly East Coal Mine as early as next month if Solid Energy carries through with proposals made today.

Embattled coal miner Solid Energy puts off presenting its half year accounts because it says it is worried it cannot repay debt next year.

Mercer upbeat despite interim half-year loss

Mercer Group chief executive Rodger Shepherd.

Christchurch's Mercer Group says it is on track with its annual sales and earnings objectives, despite a $23,000 interim loss.

Charges laid after port death

Brad Fletcher, seen in this file photo, died when the scissor-lift he was in toppled at Lyttelton Port.

Charges have been laid by Worksafe New Zealand over the death of Lyttelton Port Company worker Brad Fletcher.

From shelf stacker to the big boss

MOVING UP: Dave Chambers is now in charge of 113,000 people.

From stocking shelves at a Foodtown in Auckland, Dave Chambers has today risen to the helm of one of Australia's two big supermarket chains.

Crown protected Solid Energy directors

CROWN PROTECTION: Directors of Solid Energy received "limited and specific indemnity" from the Government last year.

Government confirms it shielded directors of troubled coal miner Solid Energy.

$50m inflatable dome video

Holcim cement plant dome is installed at Timaru port.

A 33 metre high dome appeared on Timaru's waterfront this morning.

PNG gas a winner as oil slips

GASSING UP: It presents challenges, but Papua New Guinea is thriving as oil prices continue to fall.

Papua New Guinea's natural gas industry is going gangbusters as oil prices fall

Global Mode creator sells service

Bypass Network Services' Global Mode software does away with annoying messages like this.

Kiwi technology Slingshot and Orcon use to help customers access geo-blocked services is itself going global.

Orion Health CFO quits

HEALTH CHECK: Orion disappointed investors with its results over Q4 last year.

Rodney Hyde didn't give a reason for his resignation from Orion Health, NZ's second-largest software stock.

Apartments prop up building consents

ONLY WAY IS UP: Apartment consents increased over January, propping up a drop in house applications.

Building consents were up in January, but only because apartments made up for house shortfall

Vista Entertainment beats forecast

STAR PERFORMANCE: Vista chief executive Murray Holdaway.

Cinema technology firm Vista Entertainment is a major global player in its niche, and its performance reflects that.

Transpower pays govt. $75.2m

POWERUP: Transpower's first half profit has meant a big dividend for government.

State owned national grid company Transpower lifted profits 8 per cent, resulting in a half-year dividend payout

SBS Bank signals higher surplus

19/05/2014. NEWS. ROBYN EDIE/Southland Times/Fairfax NZ. Wayne Evans is the new CEO of SBS bank, Invercargill based, a proud Southlander at the helm.

SBS Bank has nearly eclipsed last year's $22m surplus just nine months into the 2014-15 year.

LPC volumes 'better than anticipated'

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

Lyttelton Port of Christchurch says first half freight volumes have been hit by an export-based partnership using rival PrimePort Timaru.

Council rejects port restrictions

23052013 news generic photo JOHN SELKIRK Auckland harbour, auckland Port. Ports of Auckland, containers, shipping, ship, 
export, waitemata harbour, cargo, autumn, the domaon, auckland domain

The vote will make it easier for the Port of Auckland to reclaim areas in parts of the port precinct.

MPs get 5.4pc pay rise video

beehive

MPs say they are reluctant to accept an $8K pay rise, while calling for the system to be overhauled.

Fliway owner plans to list

NZX

Duncan Hawkesby, son-in-law of billionaire Graeme Hart, hopes to raise up to $50m.

2degrees majority owner adds to stake

170709. Supplied. Stills from 2degrees phone company advertising campaign

Maori trust surrenders more than a quarter of its shareholding to US investor Trilogy International.

NZ eyes Aussie house buyer controls

Bill English at Parliament

Government will wait and see how Australia's controls of foreign house buyers work out.

'Iconic' harbour view at stake

A small gathering down at Bledisloe Wharf gather to protest a wharf extension.

The New Zealand Institute of Architects says a wharf extension will ruin views from the city’s waterfront.

2800 state houses 'redeveloped'

Housing New Zealand seems to be preparing to sell its Huntly housing stock, with locals reporting that properties are being done up and then boarded closed in preparation for sale. 58b Harris street (supposedly a Housing NZ house empty).

Auckland suburb of Tamaki will see a gain of about 5000 houses, Government says.

NZ Super Fund 'very confident' of recovering Portuguese loan

Savings NZ, KiwiSaver, piggybank, money, finance question

Chairman fronts to Parliamentary select committee to explain the $200 million write-off of taxpayer money.

Milk powder price dive batters exports

ANL Benalla container ship leaving Nelson, NZ export

NZ posted a tiny trade surplus of $56m last month, although markets expected a small deficit.

Migration keeps heat on housing

09022015 News. Robyn Edie/Fairfax NZ.  Invercargill Airport for story on Venture Southland working with Air New Zealand to try to obtain cheaper flights in and out of Invercargill.

Auckland property market is set to keep booming as record numbers of people settle here.

Drinking laws may hit pub owner

Nosh NZ food shop

Nosh and Mad Butcher store owner says law change may drain profits at its chain of Irish pubs.

Kiwis are taking flight more often

INTREPID TRAVELLER: Kiwis are packing their bags and seeing the world more often than they did before.

New Zealanders took almost 134,000 overseas trips in January, up 5 per cent on the same month a year ago

Helen Kelly has lung cancer

'BEAUTIFUL SUPPORT': "I am looking after myself and feel remarkably well all things considered," Helen Kelly said.

Council of Trade Unions president to have more tests but feels 'remarkably well'.

Exiled vodka magnate tries NZ wine

BIG AND BOLD: Super-yacht Serene, owned by exiled vodka magnate Yuri Shefler, cruised into the Bay of Many Coves last Wednesday.

Super-yacht owning Russian billionaire spends a day sipping wine at Cloudy Bay.

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