Business News

Tiwai deal 'brilliant outcome'

Tiwai Point Aluminium Smelter NZAS as seen from Bluff Hill.

Aluminium production will continue at Bluff's Tiwai Point smelter, meaning a huge sigh of relief for Southland.

Power bill control

Consumers want more control of bills.

More companies are giving consumers more opportunities to take control of their bills.

Tiwai electricity decision today

NZAS will decide on Monday whether to renew an energy contract with Meridian Energy.

The Tiwai Point aluminium smelter owners will have to decide today whether to renew a Meridian Energy contract.

Cult show remake boosts studio video

Pukeko Pictures works with ITV Studios in Britain to produce a computer-generated remake of Thunderbirds Are Go!

The remaking of TV show Thunderbirds has launched Wellington's Pukeko Pictures to the world.

Kirkcaldie & Stains sold

From left, Rosemary Ralston, Lady Joan Gillies and Sally Abernethey vote during Kirkcaldie and Stains final shareholding meeting at the Intercontinental Hotel.

It was standing room only as Kirkcaldie & Stains' shareholders voted to sell the brand and assign the store lease to David Jones.

Bad time to buy, says housing survey

Survey which probes the health of the housing market finds people are largely negative about house buying.

House prices are not expected to stop rising, according to latest survey

Anti-property investor sentiment is misplaced

Andrew King says the proportion of mortgages to investors is right where it should be.

OPINION: Property speculators are running a different business to landlords, says Andrew King

Pukeko Pictures gets new boss

Pukeko Pictures works with ITV Studios in Britain to produce a computer-generated remake of Thunderbirds Are Go

Children's TV production company Pukeko Pictures has appointed a new boss to oversee the growth of the Wellington company.

Queenstown no longer reliant on its good looks alone

Queenstown town centre manager Steve Wilde, First Retail Group managing director Chris Wilkinson and client services manager Lorraine Nicholson are working on a strategy for Queenstown's CBD.

Central Queenstown has traded on its good looks long enough and is in danger of losing its appeal, a new business group believes.

'Technology is the biggest story' video

"Society has not even begun to imagine where it would go," Gibbs said.

Time editor Nancy Gibbs believes technology is the biggest story in this "golden age of journalism".

Brothers celebrate 50 years in store

Cuba St Fruit Mart owners and brothers, from left, Lucky, Wally and  Magan Dayal.

The three Dayal brothers have stuck together through a lot of changes in Wellington's Cuba St.

David Ross bankrupt

Fraudster David Ross during sentencing at the Wellington District Court in 2013.

The Wellington man responsible for the single biggest individual fraud in NZ's history has been declared bankrupt.

Switch and save

Wellington households save hundreds by switching power companies.

Households save hundreds of dollars each year by switching power companies.

Summerset retirement Auckland spending spree

20072015. Business. Photo: Brendon O'Hagan/Supplied
Retirement village operator Summerset has purchased land adjacent to its existing village in Warkworth, pictured.

Wellington-based retirement village operator Summerset is on a spending spree in Auckland.

Immigration incentives will benefit Wellington

Peter Biggs, chairman of the Wellington Regional Economic Development Agency says Wellington has much to offer skilled migrants.

New immigration policy changes will benefit Wellington, say business leaders in the city.

Mystery surrounds Brierley's Kirks move

Sir Ron Brierley has taken another slice of Kirkcaldie and Stains.

Questions raised as Sir Ron Brierley continues to raise his stake in Kirkcaldies.

Lyall Bay house and cafe sells strongly

144 Onepu Rd which sold recently at auction along with a house for more than $1.48m.

Strong bidding for a commercial and residential opportunity in Lyall Bay.

Competition stiffens for commercial property

Major overseas players have started showing interest in Wellington commercial properties, such as 133 Molesworth St which sold recently for $80m.

Conditions are conspiring to rachet up demand for Wellington and Auckland commercial property

Fire engine maker hot property video

"I believe we have the biggest production line of fire engines in the world," Simpson says.

A Hutt Valley company is firing on all cylinders, expanding its fire engine manufacturing business.

The real cost of a home

The costs of keeping the roof over your head in good nick have risen dramatically.

House prices are high in cities, but the costs after you buy are also through the roof.

Better grant incentives for screen industry

Classic Disney movie Pete's Dragon, about a young boy Pete who befriends Elliott the green and purple dragon, is being remade in New Zealand, combining live action with CGI techniques.

Wellywood has welcomed government changes to screen grants, which will also see the New Zealand Film Commission take over the function of Film New Zealand.

Fun and games at Lynmore Junction

Rotorua MP Todd McClay (left) and Holmes Group managing director Ryan Holmes survey the plans for the new Lynmore Junction development, which includes a large-scale entertainment zone.

A $13 million entertainment and retail is set to be built in Rotorua's Te Ngae Road.

Cinema screens give way to television screens

New Zealand actress Ngaire Porter enjoys the brand-new 700-seat Regent cinema in Naenae, Lower Hutt, in 1958.

Vistavision gave way to television as the decline of Wellington's great cinema age began in the 1960s.

Supermarket site sales the tip of the iceberg?

The climate is good for sales of retail properties, says one expert.

The sale of 19 New Zealand supermarkets could be the first of a wave of retail properties with leaseback clauses

Hanmer motor lodge hits market

The Hot Springs Motor Lodge caters to Hanmer Spring's burgeoning tourist and corporate markets

Hanmer Springs motor lodge has more corporate business potential

Yours for $235,000 and TLC gallery

23072015. News. Photo: Haunted Auckland
The former Waipukurau Hospital is back on the market after the owner, who bought it sight unseen in 2011, has decided its not for him.

A bargain has hit the market, but any buyer will need some decent DIY skills.

International passengers soar at Wellington airport

July is expected to be the busiest month for international passengers at Wellington Airport. The airport plans to expand its terminal to cope with growth.

July is set to be a record breaking month for Wellington airport.

NZ craft beers impress US

From left, Carl Vasta of Tuatara, Matt Warner of Parrot Dog, Mike Neilson of Panhead, Stu McKinlay of Yeastie Boys and Jos Ruffell of Garage Project at Commons Brewery in Portland.

Wellington craft breweries are impressing festivalgoers in the United States beer capital.

RB cut to fuel house prices

House prices in Auckland are still rising rapidly but are fairly flat elsewhere, the Reserve Bank said.

Reserve Bank's decision to cut its key interest rate will push up property prices, REINZ says.

Building the future right

Willis Bond & Co managing director Mark McGuinness:  "I've learnt in business if you find really good people, work with them and keep working with them."

Willis Bond & Co managing director Mark McGuinness looks back on his career as a property developer.

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