Business

Farm fails, $1.28m still owing

Creditors more than $1 million out of pocket after a farm went under because of a lack of investment from its owners.

Lighthouse man puts Tower in spotlight

Love him or hate him, Tower says its new lighthouse keeper has brought the insurer plenty of attention.

Trade Me quashes 200 Square rumour

Online giant says there's nothing to 'mischievous' talk it may be about to buy a real-estate agency.

Dairy exports to China slump

Australia is once again New Zealand’s top export market, knocking China off its previous perch.

Mowbray Collectables in talks to stay afloat

Stamp dealer and auctioneer is in talks with banks after an interim loss and a $1.3m writedown.

Firm to pay $105K over serious injury

Worker who suffered a punctured lung at a Dunedin meat rendering plant 'paid a high price'.

Demand for pizzles pushes deer exports up

Pizzles, sinews, tendons, and tails are rising stars for the deer export industry.

Gentrack maiden result undershoots

Auckland business software firm profit of $3.4m slightly short of forecast, but better than previously warned.

Energy Mad loss narrows

Energy efficient light bulb maker loss improves despite disappointment in the US.

Post-quake power project amping up

Orion embarking on $45m project to help restore Christchurch's electricity network to pre-quake strength.

Pensioner lost $1m in lawyer's scam

Pensioner who lost $1m in life savings and wife's funeral fund to lawyer's scam says he is financially crippled.

Chinese firm backs $100m development

A Chinese company is teaming up with developers to invest $100m in city apartments.

Robertson hunts for finance gospel

OPINION: As he hits the books in coming weeks, Labour's finance spokesman Grant Robertson will be building on thinking that's been percolating for months.

Boom in Chinese tourists

Chinese tourism to NZ is set to rocket ahead even faster, with many more than half a million visitors a year expected by 2020.

Crowdfunding catches on for rooftop bar

A bar hopes to soon have revellers on its roof, basking in the sun but it needs $30,000 to do so.

Tourism Holdings lifts profit forecast

Tourism Holdings shares rose to six-year highs after it upgraded its full-year net profit forecast by about $1 million to $16m.

Dunedin wins Gigatown competition

Dunedin wins cut-price broadband for three years in Gigatown competition.

Property magnate's CEO turns to 'more effective' consultancy

Leading retailer Mary Devine's stint as chief executive of the property firm of rich-lister Philip Carter has been short.

Auckland affordable housing target beaten

Over 11,000 new land and building consents have been granted in the first year of the Auckland housing accord.

Orion Health worth a cool billion

Orion Health's value after a strong debut would rank it at 20th on the NZX.

Mortgages still elude first-home buyers

Low-equity bank loans hit year-high, but first-home buyers aren't finding it easier to secure a loan.

Aldi says no plans to enter NZ

German discount retailer has dismissed speculation it would expand to New Zealand.

Westpac chief's Margaret Thatcher-style executive team

Aussie bank with the lowest number of women reporting to the CEO is the only one with a woman at the top.

Five fab firms to watch

Meet Deloitte's picks of the five firms to keep a close eye on from this year's Fast 50 list.

Criticism not just water off bidder's back

Just Water founder and majority owner defends his takeover bid for the water cooler company.

Broadband bills may rise for 20,000

TUANZ chief says consumers should be free to buy broadband services from different companies without being “double billed”.

Fonterra plans farm investment fund

Investing in dairy farms could reduce payout risks to the dairy giant's farmers.

Tourism Holdings upgrades profit forecast

Campervan rental company picks a 44pc rise in annual profit despite 'indigestion' from recent purchases.

Factory blaze 'planned over drinks'

Man who claims he helped a man arrange the arson of his own company admits lying to police.

Shock in store for term deposit savers

Banks are tightening up on letting people withdraw savings from term deposits early.

Mfat's John Allen off to NZ Racing Board

John Allen, NZ Post CEO before heading Mfat, is NZ Racing Board's new CEO.

Williams & Co liquidation sought

Disgruntled customer files High Court application to liquidate troubled building company Williams & Co.

Investigation launched after postie run over

Worksafe will investigate accident which left postie in critical condition after van rolled over her.

Pacific Edge eyes expansion into Europe

Europe awards NZ's Pacific Edge a patent for its colorectal detection technology.

'Liar' lawyer jailed for $2m Ponzi scheme

"Consummate liar" lawyer fleeced investors of millions in his 21-year "predatory" Ponzi scheme.

Flights from China to double

Airlines aren't expected to have trouble filling 42 flights a week between New Zealand and China by 2020.

Courts may dig deeper into redundancy plans

Employers using redundancy as a quick fix for workplace problems risk costly lawsuits from former employees.

Masala restaurants fined $66K

A group of popular Indian restaurants didn't provide employment records for 100 staff.

Winners and losers as development fees set

Waipa looks to encourage economic growth in the district by slashing fees for buildings.

The Warehouse recalls spa pool

An inflatable spa pool sold nationwide has been recalled as it may cause a fatal electric shock.

The one interview question I always lie about

What to do if you get a question about babies during a job interview.

Australian luxury jeweller's 25-year journey

Jan Logan, whose jewellery is the choice of many A-list celebrities, is celebrating 25 years in business.

Labour costs fuel rising construction bills

Construction costs are rising 7 per cent a year in Christchurch, the fastest rate in New Zealand.

Cayman Islands firm snaps up MediaWorks stake

Cayman Islands company with links to US investors buys a minority stake in the broadcaster.

Westland Milk slashes payout forecast to $5

West Coast dairy co-op lowers its farmer payout forecast by 40c to a range of $5 to $5.40 a kilogram of milksolids.

Men feeling pinch go without power

Salvation Army says more single men are going without power and hot water to make ends meet.

Battling on after partner's death

Accountant vowed to do "everything in his power" to carry on business partner's vision of listing group of merged retirement villages.

Warning talks on TPP may get ugly

New Zealand needs to keep open mind on what could be achieved through wider trade agreement, says ambassador.

Christchurch council struggling with rebuild

Council wants to hand over responsibility for major rebuild development projects to new commercial entity.

Supermarkets to refund checkout workers' docked wages

Two supermarkets have telephoned employees whose wages were docked, offering to reimburse them.
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