Business News

Seven days of sevens festival

Wellington Sevens ticket sales slumped in 2015 and police cracked down hard on bad behaviour, so in an attempt to lure back true rugby fans sevens organisers slashed ticket prices and changed the date and days of the 2016 event.

Wellington is set to host a 'seven days of sevens' festival on the waterfront and civic square to reinvigorate the Wellington Sevens.

CentrePort chair 'positive' about float idea

622653271 CentrePort chairman Warren Larsen says the port does not want property development to upset its strong balance sheet. MAARTEN HOLL/FAIRFAX

CentrePort chairman Warren Larsen says he is "very positive" about the prospect of a partial listing, but insists the idea has seen nothing more than casual discussion.

Council directors win 17 per cent fees increase

Avalon Intermediate pupil Stean✓ Te Huna-Wilson helped Mayor Ray Wallace open the new $12m Walter Nash Centre in October.  Wallace is vowing to fight extra fees being paid to council company directors.

Hutt City Council directors get pay increase.

Cruise ships worth $65m to Wellington

Explorer of the Seas, one of the biggest cruise ships to visit Wellington this season arrived in the Wellington on Wednesday, where passengers spent the day enjoying the capital.

Cruise ship passengers arrive in New Zealand with Auckland on their mind but leave talking about Wellington, says a cruise boss.

CentrePort to go public?

It has been suggested that CentrePort, Wellington, could be floated as a publicly listed company.

Wellington's CentrePort is in a position to be publicly listed, after shareholders asked the question.

Pukeko Pictures creates WotWots sister series

Pukeko Pictures has signed a development deal with Chinese entertainment group, Guangdong Huawen Century Animation Company, to produce ???Kiddets???, a sister series to Pukeko Pictures??? hit pre-school animated series, The WotWots.

Deal will see Sir Richard Taylor's company develop a show called 'Kiddets'.

Legal highs, financial lows

Legal high figurehead Matt Bowden is unlikely to have the funds to pay back the money his company owes to its creditors.

A firm owned by synthetic cannabis champion Matt Bowden owes more than $1.4 million.

Kilbirnie businesses back development area

A targeted rate will be levied on Kilbirnie commercial properties to support initiatives to promote the area.

Property owners to contribute towards projects to enhance the local business environment.

Naveya & Sloane's sparkling success

Alex Bunnett and Rachel Sloane want to rival the very best in the world of luxury jewellery.

Diamonds and personalised service are Naveya & Sloane's best friends when it comes to fast growth.

More Wellington bus services

Mana and Naked buses will increase their services to and from Wellington.

Wellingtonians will have more options to get away over summer.

Is a booming population good?

Net migration to New Zealand is running at record levels, driven in large part by Kiwis coming home from Australia.

New Zealand's population is growing at the fastest rate in 40 years, but could this create growing pains?

Deco buildings 'stronger than thought'

The National Tobacco Building is an example of Napier's art deco heritage.

Earthquake risk report shows city's heritage art deco architecture is "more robust than initially thought".

Offshore gambling companies face local fees

Racing Minister Nathan Guy said it was estimated that about $58 million a year was lost to offshore betting agencies.

Working group wants legislation introduced to impose an "offshore bookmaker fee" on all bets originating in New Zealand

David Jones plans for new store

David Jones head of property Cristie Gordon travelled from Sydney to update the Property Institute about plans for its new store.

Wellingtonians' "appetite" for luxury goods and big spending habits attracted David Jones to the capital.

'Climate of legal secrecy'

Bruce Tichbon of the Ross Management Investors Group heckles accused fraudster David Ross as he leaves Wellington District Court in 2013. Ross was jailed for was jailed for 10 years and 10 months after pleading guilty to fraud.

Ross Asset Management victims want court papers about claw backs in NZ's biggest Ponzi scheme.

Perceptions of real estate agents improving

Real Estate Institute of New Zealand (REINZ) believes further improvements in the positive rating of agents will come as individual property sellers and buyers become more familiar with their rights and knowledge of how transactions work.

Real estate agents are more professional - and more trustworthy, a new survey shows.

Trade Me buys shares in Wellington start-up

Trade Me

A Wellington start-up is being backed by one of New Zealand's largest online marketplaces, with Trade Me taking a 13 per cent stake in the company.

Elton fans spend up large

Elton John fans soak up the atmosphere at his Wellington concert in Westpac Stadium on Saturday. Before the show, many fans enjoyed a bit of shopping, which pleased retailers.

Christmas came early for Wellington retailers on Saturday as thousands of Elton John fans spent up a storm.

Office building up for grabs

The property, formerly known as the Sun Alliance building is currently owned by Wellington property investors Andrew Harcourt and Rob Garlick.

Eight-storey Wellington office block, formerly known as the Sun Alliance building, is for sale.

S&P rates Wellington's credit highly

Deputy mayor Justin Lester says council's AA long-term credit rating should give businesses and Wellingtonians high confidence that the capital.

Ratings agency says it rates capital's standalone credit profile is stronger than the Crown's

US property investors selling up Kiwi assets

US company Host is selling its 200-room, 3.5 star Ibis Wellington hotel, on Featherston St.

Hot of the heels of a $55 million Auckland sale, US company Host is selling two of its multi-million dollar hotels in central Wellington.

Don't fancy chopping your veg? video

New World Te Rapa's produce manager, Mehul Patel says his pre-cut vegetables section offers convenience to customers.

What do you think of New World's newest offering - bulk bins of pre-cut vegetables?

Kathmandu says sorry for CEO pay blunder video

Kathmandu chief executive Xavier Simonet, whose incentive performance scheme was miscalculated, says the company has "re-set the clock" on its sales strategy

Kathmandu should have realised its performance incentive scheme target for a boss was faulty, chairman David Kirk says.

Industrial site snapped up for $8.5m

Building Solutions have snapped up a Hutt Park Rd site from a group of private investors.

A large industrial site in Lower Hutt has been bought back by its former owner for $8.5 million.

Rise of convenience stores

Wellington's increasing population is the driving force behind a rise in convenience stores in the central city.

Thousands of Wellingtonians embracing inner city living are contributing to a rise in convenienceĀ retail stores.

Wellington architecture firm appoints new principal

19112015 Business Photo: SUPPLIED. Katherine Skipper has been appointed principal in the Wellington studio of multi-disciplinary architecture practice Warren and Mahoney.

Katherine Skipper has been made principal of architecture practice Warren and Mahoney's Wellington studio.

Datacom House sells for $47m

Datacom House on Jervois Quay, owned by AMP Capital Wholesale Office Fund, has been purchased by Wellington investment company Cornerstone Partners.

A company, co-owned by prominent Wellington property investor Charlie Zheng, has bought Datacom House.

Softer house prices won't hurt sales: Ryman

Ryman has four villages under construction and more are planned.

Ryman plots new villages as cashflows hit record levels.

Dark forces brewing

Garage Project co-owner and head brewer Pete Gillespie is turning to the Dark Side. He is brewing a special Star Wars black IPA in time for the release of the new film.

Wellington brewery Garage Project will be tempting beer drinkers to the Dark Side with a new Star Wars brew.

Who benefits from living wage?

Workers march though Wellington to support the living wage ahead of a key council debate on extending the payments to contractors in June.

OPINION: Think tank warns living wage delivers more benefit to single and childless than families.

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