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Accommodation up in December

Accommodation figures for December show the number of guest nights edged up 1.4 per cent compared with 2010, but fell slightly during the year to December.

Infratil founder Lloyd Morrison dies of cancer

John Key pays tribute to late businessman and Phoenix co-owner Lloyd Morrison.

Shares gain on Greek austerity deal

The New Zealand share market rose at the open, with appetite for stocks boosted by reports Greek officials had finalised a package of austerity measures, paving the way for an addition €130 billion in bailout funds.

Shoppers spend more on credit, debit cards

Spending on credit and eftpos cards across all industries increased in January for the first time in a year.

Pre-pay glitch as Vodafone loses customers

Vodafone fixes pre-pay glitch, after the company loses 14,000 customers in three months.

Fonterra taps NZX to run farmer share trading

The NZX is to run Fonterra's farmer share trading scheme, which is expected to launch in November.

Greek deal spurs risk appetites

Investor appetite got a boost overnight, after Greek officials finalised an agreement on a range of austerity measures, paving the way for a second €130 billion bail out package.

Wait for new oil law before awarding permits, Govt urged

The Government should halt the awarding of the permits for oil and gas exploration until a law to protect New Zealand's seas is passed, Opposition parties say.

Kiwi gains as Greece agrees to austerity deal

The New Zealand dollar gained on increased investor appetite sparked by Greece's moves toward a second bailout package

Dream Homes comes to a halt

JOHN ANTHONY - © Fairfax NZ News

High-flying Taranaki building company Dream Homes is in financial difficulty.

Greece strikes bailout deal

Greek leaders have clinched a long-stalled deal on reforms and austerity measures needed to secure a bailout and avoid a messy default.

Biz Quiz: Week ending February 10

Think you know all things business? Challenge yourself with this week's Biz Quiz.

Waikato land targeted in energy exploration

ANDREA FOX - © Fairfax NZ News

A 2739 square kilometre block of land on Hamilton's southern doorstep could be offered for commercial gas exploration under a new Government proposal.

Price hike for network repairs rejected

MARTA STEEMAN - © Fairfax NZ News

Earthquake Minister Gerry Brownlee is not cutting Orion any slack for earthquake damages to its network, rejecting its bid tp raise its prices.

Enable offers more for less

ALAN WOOD - © Fairfax NZ News

Christchurch businesses will today be offered new products and cheaper prices to be connected into Enable's fast growing ultrafast fibre network.

Search for oil, gas may near Wellington

HAMISH RUTHERFORD - © Fairfax NZ News

Changes to the way the Government tries to attract interest from oil and gas companies are likely to see two huge blocks to the south of Wellington offered for oil and gas exploration.

National grid upgrades blamed for power price rises

Electricity retailers are warning of price increases in the coming months, citing sharp increases in the price of transmission.

Solid Energy plans opencast site

Solid Energy plans to spend $25 million opening up a 5 million tonne coal mine from 2015 to add depth to its West Coast export operation.

Jobs rise at expense of fulltimers

Unemployment is down to a better-than-expected 6.3 per cent, but bank economists say the job market remains soggy with little sign of a recovery this year.

Banks take $3b profit overseas

Higher interest margins saw the big five banks take a combined profit of $3 billion over the 2011 financial year, most of it headed to Australian bank coffers.

Direct-to-fans sport still 'years away'

TOM PULLAR-STRECKER - © Fairfax NZ News

Sports fans may one day be able to ditch Sky Television and watch sporting events streamed over the ultrafast broadband network.

Feltex class action swells by 800

Another 800 former Feltex investors have joined the legal battle against the former directors, sellers and promoters of the failed carpet maker.

Gunns keen for NZ investment to fire up mill

Gunns hopes to translate the cachet of its new Kiwi cornerstone shareholder into a green light for its pulp mill.

Milk price inquiry to continue

Scrutiny of how the price of milk is set in NZ is cranking up again.

Steel & Tube sees interim profit decline

Wellington-based Steel & Tube has blamed subdued demand and tighter margins for a 24 per cent cut to its interim tax-paid profit.

Wake-up call for female entrepreneurs

Kim Kiyosaki is an entrepreneur, author and passionate about financial education - particularly among women

SFO looking into gold bullion fraud

Serious Fraud Office receives complaints about gold trader amid report family lost $340,000.

LIC earnings rise amid dairy confidence

Dairy farmer cooperative LIC saw interim revenue and underlying earnings lift, thanks to demand for its solutions to make dairying more efficient and productive.

TelstraClear back in black

TelstraClear returned to the black on a pre-tax basis, despite the impact of Christchurch quakes and tough retail conditions.

Resignations at MediaWorks holding company boards

HOT ITEM: Noel Leeming says most houses with a television already have a flat-screen, but now that prices have fallen, many people are buying three or four sets.

TV3 owner MediaWorks' CEO and CFO have stepped down from the boards of the broadcaster's holding companies.

Week-long strike looms for port

Wharfies have given notice of another strike at the Ports of Auckland.

Unemployment drops in December quarter

Unemployment drops to 6.3 per cent, with 7000 fewer people unemployed in the December quarter - below some bank economists' predictions.

NZ stocks shrug off tepid start

NZ stocks rose as better than expected job numbers helping offset weaker offshore leads where investors were sitting on the sidelines.

Telstra profit soars 23 pct on mobiles

Telstra's first-half earnings of almost A$1.5 billion were a touch below analyst expectations.

Groupon user growth slows

Groupon reported a loss as user growth slowed from its breakneck pace, potentially signalling consumer fatigue with daily deals.

Investors look to Greece for reform plan

World stocks edged higher and the euro ended flat as investors focused on whether the latest Greek meetings will result in reforms to help avoid a messy default.

Hamilton firm trains Singapore pilots

Hamilton-based global pilot training provider CTC Aviation Group has been approved to train Singapore airline pilots.

News Corp pays latest hacking settlements

A further 15 public figures reached settlements with the British newspaper arm of Rupert Murdoch's News Corp over a phone hacking scandal.

Power price hikes

Mighty River Power, tipped to be the first on the block in the Government's partial asset sales, has increased its power prices.

People not keen to pay for fast broadband extras

Internet providers may have trouble persuading consumers to pay extra for services over ultrafast broadband.

Stocks pause while waiting on Greek deal

In what appears to be more Greek déjà vu than Greek tragedy, equity investors paused overnight to await the outcome of the talks in Athens.

176,245 fly into Wellington airport

Recession or no recession, tourist and short-term visitor numbers show no sign of flagging at Wellington Airport.

F&P Healthcare extends US distribution deal

F&P Healthcare has extended its exclusive US hospital distribution deal for an extra three years.

Performance of venture capital funds tracked

The venture capital industry has commissioned work to chart the level and performance of venture capital and private equity in NZ.

Kiwi slips pending Greek deal, job numbers

The New Zealand dollar fell against the greenback ahead of today's key Labour Force Survey.

Govt defends 50c an hour minimum wage lift

Outrage has greeted a 50c-an-hour rise in the minimum wage.

Hundreds lose money after trader dies

GRUMPY CUSTOMER: Adam Robertson, 24, has been left $900 out of pocket after a company he bought a tablet computer from shut down following the death of the owner.

Hundreds out of pocket when an import firm continued trading after sole man at its reins died.

Tiwai smelter value cut by 30pc

The Tiwai Point aluminium smelter is among a group which has had its valuation cut.

Bigger share for 2degrees

Mobile phone company 2degrees says the number of people using its network has risen 50 per cent to 875,656 since it last reported customer numbers in March, even though it no longer promises the country's lowest pre-pay call rates.

Phosphate miner hails potential competitor

A listed company working to develop a phosphate deposit on the Chatham Rise has welcomed a potential competitor.

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