Business

How much has the economy grown?

coins, NZ money

GDP numbers are due this morning, detailing economic growth in the three months to June 30.

Motels cast fishing crews adrift

Motel

Drunken, bed-wetting fishing crews are unwelcome at South Canterbury motels.

Greens spoof Nats' dirty river row

Undermining efforts to clean up Waikato River

Russel Norman and Rob Hamill

Dairy conversions are undermining attempts to clean up the Waikato River, says The Green Party.

Paperwork saved farmers from scam

Writing

A farming family has discovered the value of a signed contract over a handshake.

Small-print ruling 'win for consumers'

advert

Retailers are warned they can no longer use fine print to hide information or mislead people.

Blog: How to make a million-dollar property plan

strap

Property expert Mal James provides advice on a three-point-plan that will help you find the perfect new home.

Synlait Milk takes top award

Synlait milk

Canterbury's two top businesses hail from the dairy and tourism industries.

PGC announces offer to gain controlling 49 per cent stake in EPIC

Stock market NZX

Pyne Gould Corporation has announced it will make an offer to lift its holding in an infrastructure fund to 49 per cent to secure control.

Financial advisers question CG tax

Kiwisaver

Investors looking for a safe-haven from Labour's proposed capital gains tax would flood into KiwiSaver and away from the sharemarket, experts say.

Brazil hub for Tait's growth in South America

Tait Communications

Tait Communications says its Latin American revenues will grow significantly with purchase of SGM Telecomunicacoes.

Power boss on $32k a week

dennis barnes

After turning in a bumper profit, Contact Energy's Dennis Barnes appears to be the top paid power company chief exec again.

Overall spat costs meat company $20,000

meat worker

An argument over white overalls with the Meatworks Union has cost an Invercargill meat company.

Flock Hill owners deny 'evicting' tour operator

flock hill farm

Owners of Canterbury station say they were about to sign new deal with local tour operator. l Job losses 'red herring'

Fairfax no comment on APN speculation

Newspapers

Fairfax Media declines to comment on speculation it had been "named" as a possible buyer of APN's NZ assets.

NZ homes among least affordable: BIS

Auckland house for sale

A survey from the world's most senior bank confirms NZ houses are close to being the globe's most unaffordable.

South Korean-flagged vessels sent to port

Sur Este 700

Inspection in the Tasman Sea sees two South Korean-flagged fishing vessels ordered back to port over pollution issues.

Turners drives up Dorchester profit

turners car auction

Planned takeover of car auction business will raise Dorchester's annual pre-tax profit by up to $10m within two years.

Radio spectrum auctioned on Trade Me

radio spectrum

Media moguls will be able to bid for millions of dollars worth of radio spectrum on popular online site.

Flock Hill job losses a 'red herring'

flock hill farm

PM says Flock Hill's overseas owners must create value for NZ and loss of 16 jobs a 'red herring'.

Auckland commuters left waiting

motorway

Auckland's wait for speedy public travel continues as council comes to grips with northwestern busway project.

Scottish 'Yes' for Kiwi shoppers

Yes Scottish independence

Kiwi online shoppers and holidaymakers will be the likely winners if Scotland votes for independence.

Danone plans NZ food hub

Danone, John Key

French food giant has big plans for its NZ infant formula products after buying two Kiwi companies.

Fears investors would shun shares under Labour

Sharemarket

RICHARD MEADOWS - Stuff

Investors seeking a haven from Labour's proposed capital gains tax would flood out of NZX and into KiwiSaver, experts say.

Fake NZ bank used in US fraud

US dollars, greenbacks, money

A phony NZ bank was set up in the US to help steal millions of dollars from developers.

Agent says advice ignored in $6m sale fail

house for sale

Vendors didn't follow advice over the sale of an Auckland mansion which fell through two years later, real estate agent says.

Airways to train Chinese air traffic controllers

an air traffic control tower

State-owned air traffic controller will train 200 Chinese air traffic control staff.

Pig farmer rescues protester

farmwatch protest Bloem

A protester had to be helped down from a Dunedin pig farm by the farmer himself this morning.

Worker unfairly fired over fridge theft

Tonys

Tyre service worker sacked for stealing fridge didn't do it - though he probably knew about it.

Heaphy in Women of Influence finals

 Loren Heaphy

Nelson woman Loren Heaphy's stand against cyber bullying has seen her named as finalist in the Women of Influence competition.

Board shakeup for Ryman Healthcare

stethoscope

The NZX-listed company has announced two new directors and the departure of a long-serving board member.

Government change could hit markets

market down

Polling suggests National will be re-elected on Saturday, but markets are not 100 per cent sure, an economist says.

Dairy dive sees deficit balloon

magnifying glass dollar

Plunging dairy exports push the current account deficit to a shortfall of $2 billion in the June quarter.

Dairy price slide on hold

Dairy cows.

Dairy prices have stabilised but not enough to stop Fonterra cutting its milk price forecast, economists say.

Yachts targeted in fruit fly fight

Queensland fruit fly

Yachts arriving in Northland from overseas will face greater biosecurity scrutiny to keep out a devastating pest.

AA calls for diesel price cut

diesel

AA says fuel companies should drop diesel prices by 2 cents, but petrol prices are about right.

Tag Oil plugs Gisbone well

Tag Oil

The Canadian firm is abandoning Waitangi Valley-1 citing safety after striking "extreme drilling conditions".

US Fed rate stance bets boost markets

US sharemarket

Stock markets around the world rose on rumours the US Federal Reserve would stick to interest rate guidance.

NZ's economy hollow: Cunliffe

David Cunliffe

New Zealand is too reliant on dairy booms and our economy needs other sectors to thrive, Labour leader David Cunliffe says.

Dargaville's Jack Fannon calls it a day

Jack Fannon

90-year old Jack Fannon's old-fashioned values extend to his business - there are no computers and stock is counted manually.

KFC sales boost Restaurant Brands

KFc China

The popularity of KFC's Double Down and its Hot 'n Spicy menu has fattened Restaurant Brands' sales.

No bounce in US incomes after recession

money

Most US households saw no increase in their income last year, despite the recession ending five years ago.

Investment in startups the answer, says Parker

David Parker

David Parker, on a visit to Palmerston North, says NZ needs conditions to foster companies like Obo.

Tom Thomson new NZMEA president

EPL boss Tom Thomson

Long-serving New Zealand Manufacturers and Exporters Association chief executive John Walley will step aside amid other changes at export lobby group.

Aussie Samson fleeces Shrek of wool record

wool

A woolly Aussie heavyweight claims to have toppled Kiwi sheep Shrek's decade-old 27kg record.

Small business: Get up and running lean

Running, runner

If you're starting a business, think twice about spending on bells and whistles.

Steel and Tube warns of potential low-ball offer

steel and tube

Construction materials supplier Steel & Tube warns shareholders about a potential below-market offer.

Mayor seeks backing for Easter trading changes

easter bun

Alistair Sowman writes to election candidates to ask for their help with changes to Easter trading laws.

Spotlight on Fonterra shareholders' fund

magnifying glass dollar

Fonterra will be closely watched after a GlobalDairyTrade auction that saw prices halt their recent slide, at least for now.

Bankrupt but not beaten

carl Gifford

Ex-owner of Carlucciland, an eccentric museum, mini-golf and paintball venue, is declared bankrupt.

Water tax may hit farmers hard

Irrigator sprays water.

Canterbury farmers may be forced to pay the bulk of a $40 million a year irrigation tax.
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