Business News

The milk doesn’t stop

BUSINESS AS USUAL: Denis Wanihi, cream plant packing operator at Fonterra's Te Rapa factory, worked his second Christmas in a row this year.

It may be Christmas, but it was business as usual for the shift workers at Fonterra's Te Rapa factory.

It's strictly semen business

The bull semen extraction process at the Awahuri centre.

Dairy bulls show us what they're made of as LIC collects semen for export at its Manawatu centre.

Dedicated to deer

Lora Valley deer farmer Bill Taylor has been made a life member of the Southland Deer Farmers Association.

When Bill Taylor was a boy, deer were wild animals that could only be admired from afar.

Campaign targets job security

At a ‘‘Jobs that count’’ launch for meatworkers, campaign director Darien Fenton listens as Levin worker and solo mother Tamara Taputoro tells her story.

Meatworkers are being forced out of the industry because of insecure jobs, a union official says.

Colleagues regret Secret Santa calamity

Ngoc Luan Ho Trieu with a Kris Kringle gift that was given to him by one of his colleagues as a mean-spirited prank.

The perpetrator remains a mystery but colleagues of a former Canberra public servant say they regret the affair.

NZX fines Sealegs for rule breaches

AMPHIBIOUS: Sealegs craft can drive on land and water.

The amphibious vehicle maker was censured for not having enough independent directors.

NZ First attacks council prosecution

Backing their man: Sharemilker Bas Nelis had the support of his farming colleagues when he was prosecuted.

Party says Waikato Regional Council bureaucrats who prosecuted Bas Nelis should seek employment in North Korea.

Christmas shopping rush sees record spending video

Over 150 transactions a second were being recorded at the shopping peak.

Kiwis have spent up large over the last two days before Christmas, resulting in record levels of EFTPOS sales across the country.

US economic growth surges


The US is putting distance between itself and struggling economies around the world.

Aucklanders object to council house values

auckland houses

Almost 10,000 Aucklanders have objected to this year's revaluation figures.

22 stolen sheep found in van

22 stolen sheep were packed into a van.

Police say the animals packed like "sardines" into a van they stopped this morning.

Kelly Tarlton celebrates 30 years video

After 24 years as maintenance manager Garry McMurtrie has heard all types of tales; some true, some not.

ANZ and union dispute strike effect

First Union members seen taking industrial action against ANZ Bank in October. They are continuing their action today.

Union says 510 workers are striking, bank says only 110 are taking action.

Worker visas fast-tracked

Queenstown, New Zealand

Visas will be fast-tracked for overseas workers coming to Queenstown ahead of a busy summer.

Silver Fern Farms posts small profit

NZ business confidence, money, dollar up

Major meat processor Silver Fern Farms has turned around two forgettable years.

New internet cable's legal hurdle

A strand of optical-fibre protected by steel casing, similar to that which will be laid beneath the Tasman Sea.

Commerce Commission to look into competition implications of Spark, Vodafone and Telstra’s subsea cable.

Spark to Vodafone: quit bragging

Vodafone extends its 4G coverage in Invercargill, but the company may have to defend its claim it has the largest network.

Does Spark now have NZ's largest 4G network? They think they might, and want Vodafone to stop claiming otherwise.

ASB settles swaps claims

NZ dollars, cash, money

Bank pays $3.2m to settle withCommerce Commission over allegations it missold interest rate swaps to farmers.

'Traditional' herd ownership

Ayrshire breeder Ivan Fredrickson holds his three-year-old Kelsey Perrett astride Sentinal Hot Georgia, named the North Island champion ayrshire cow at the Egmont A & P Show in Hawera. Proudly standing by are Ivan's wife, Robyn and their daughter and son-in-law Kylee and Danny Perrett.

A young woman who has inherited her father's love of ayrshire cattle is now milking his herd as a sharemilker.

Data integration urged

Rob Ford, general manager farm systems, Livestock Improvement Corporation.

More integration of data by agricultural companies would benefit farmers, says a farmer-owned co-operative's automation specialist.

Council under fire for fine

EYE IS THE SKY: Helicopter inspections of dairy farms are quicker and more cost-effective than ground based visits, but they can be traumatic for the farmers whose properties are being inspected.

Frustration over a fine handed to a South Waikato farmer has spread through New Zealand.

Capital controls arrest Russian rouble's slide

Russian rouble, currency exchange rate board in Moscow

Russia's rouble hit its highest levels in two weeks, shored up by informal capital control measures.

Dodgers dobbed in

tax generic

IRD has received about 23,000 anonymous tips since 2009 from people suspecting others of evading taxes.

KiwiRail bosses sent packing

Capital Connection train, KiwiRail, train, rail, station, railway

KiwiRail has quietly laid off many of its most senior managers just before Christmas.

Online sales growth slows

Internet shopping grew by 12.8 per cent in the year to September.

The blistering growth in online spending seen four years ago has slowed to just a stroll for domestic spending on the web.

Slowdown in China hits exports

Stressed loans in agriculture are roughly twice those of mining but the important thing to note is that the stress in the mining sector is growing, while the stress in the agricultural sector is actually going down.

The slump in dairy prices is flowing through to export figures with a vengeance.

More families stay at holiday parks

Top 10 holiday park

More families are choosing holiday parks for a cheaper break this year.

Yuletide shopping picks up

Christmas Shopping at Westfield Mall in Riccarton

Shoppers are opening their wallets wider than last year in the leadup to Christmas.

IAG wears rising costs of rebuild

Search and rescue teams scour through the wreckage of the CTV building in Christchurch.

IAG has raised its Canterbury earthquakes bill by up to $1 billion, as it receives more over $100,000 cap claims.

New year mortgage war tipped

Property: The going rate for renting a house in Sydney's inner west is about $350 per bedroom

PWC expects mortgage lending competition to heat up in the new year with the big five banks tipped to compete on longer-term fixed rate home loans.

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