Business

Power bills blow out beyond forecast

Power, electricity, power lines, power pole

Households are being hit with electricity price jumps of up to $13 a month as prices soar.

New board game floats designer's boats

SHEM PHILLIPS

A passion for Viking ships and the medieval age inspired Shem Phillips to launch a board game attracting an international market.

Living wage pays off for business

HAPPY STAFF: General manager  Jesse Chalmers, right, at the Chalmers Organics factory with worker Siusiu Pusi.

Staff turnover is non-existent, morale is up and the workforce is proud at an organic food company which has phased in a living wage.

KiwiSavers paying too much in tax, says group

Kiwisaver

Tax rates for KiwiSaver investors need to be lowered, a fund-management industry group says.

Transpower manager quits

electricity 300

Transpower's Kieran Devine will soon be off the grid himself.

Confidence swells, but bank wary

economy generic

Consumer and business confidence is so high they suggest the economy could grow as much as 6 per cent

Warehouse goes more than simply red

Mark Powell

The Warehouse Group draws increasing income from sales not made in those iconic Red Sheds.

English upbeat despite 'average' proceeds

Genesis

Funds raised through the partial sale of Genesis Energy may be lower than they could have been, with taxpayers getting good value only "on average" over the sales process, the finance minister has admitted.

From bean to bar to belly

Crafting sweet treats from beans to bars

Wellington Chocolate

Wellingtonians love craft and artisan food, and now there's a new kid on the block, the Wellington Chocolate Factory.

Air New Zealand escapes class action

Air NZ

Air New Zealand has escaped unscathed from a private class-action suit in Australia, but its competitors have settled out of court.

Genesis shares list at a premium

Genesis

Shares in Genesis Energy have traded as high as $1.81 on the NZX, well above their $1.55 issue price.

Labour market takes off

unemployment

More jobs were advertised in March, continuing a run of rises for three consecutive months.

BNZ names new chief executive

BNZ

BNZ Partners director Anthony Healy will step up to the top job on May 12.

One man's trash is another's grocery treasure

Reduced to Clear

Two million customers are buying cheap food, with more Reduced to Clear stores planned.

High dollar keeps lid on inflation rate

Stock market NZX

A high New Zealand dollar is keeping a lid on inflation, with widespread discounting in shops for imports like clothing, shoes and electronics.

Hot NZX debut forecast for Genesis

Genesis

Shares in Genesis Energy could surge when it lists on the NZX today, fund managers predict.

World's largest curved TV revealed

Glen Chean

The ultimate in big screen television technology could soon be yours - for around $35,000.

Shock news: Greens now favour privatisation

pattrick smellie

OPINION: OK, that's a provocative headline, but how else to interpret the Greens' social housing policy?

Upswing in Wairarapa property market

Sale sign

A spike in residential property sales and long-term growth in mortgage uptake indicates a lift in the Wairarapa market.

'Patchy' NZ market proves challenging for Opus

Kerry McDonald of Opus

Global markets remain mixed with difficult market conditions in New Zealand "even in this rock-star economy" and a weakened Australian economy, Opus International Consultants says.

Demand for retail offer hits shares

Bill English

Scrutiny is expected to fall back on the price at which the Government is selling shares in Genesis Energy today, with "surprising" demand from retail investors.

Money not top of list for small business owners

Generic money

Making a lot of money is not the No 1 focus for half of New Zealand's small business owners, according to research released yesterday.

New luxury hotel set for Auckland

Wynyard Quarter hotel

Work on a $200 million 5-star hotel on Auckland's waterfront is expected to start next year with Chinese funding.

Meridian faced with record dry

meridian

Weather conditions have given Meridian Energy a serious attack of deja vu after it recorded the second lowest March inflows on record, as hydro generation fell by 14 per cent from February.

Tower's track and reward driver app

SmartDriver app by Tower

Insurer Tower has launched a smartphone app that tracks driver behaviour and rewards safe drivers with cheaper vehicle insurance premiums.

Crash site 'incompatible with motorway'

joshua lawton

Coroner predicts further problems with 'danger spots' Wellington's inner-city bypass.

Bathurst delays capital raising plans for a day

Coal miner

Bathurst Resources says it will take an extra day on its capital-raising plans to support its delayed West Coast project.

Hutson embarks on stage one of his comeback plan

Chalkie

OPINION: An intriguing struggle is developing over listed dentistry company Abano Healthcare.

NZ Post may cut more mail deliveries

nz post

Fewer letters being sent could force NZ Post into an early rethink of whether its cuts have gone far enough.

Floor comes with secure documents storage area

Victoria St block

The top floor of a prime office block in Victoria St in central Wellington is to be sold.

Top locations offer attractive returns

Woburn House

Two prime locations in Lower Hutt are up for sale though agents JLL for less than $750,000 apiece.

Complex made over for offices

Big Save Kilbirnie

Big Save Furniture's Kilbirnie store is ideal for an office-based makeover, Tommy's Commercial believes.

Loft apartment needs finishing

Cuba St loft apartment

An artistic New York loft-style space in Cuba St has gone to mortgagee sale.

MPs' office unit in Kilbirnie for sale

Annette King

A highly topical Kilbirnie retail investment has come up just in time for the September election.

'We are 40 years into a 100-year transition to clean energy'

Wind farms

The world is just 40 years into a 100-year trend to renewable "green" power of solar, wind, hydro and nuclear, according to an international investment banker.

Ambitious plan to lift avocado output

Jen Scoular, Avocado Industry Council chief executive

New Zealand's avocado industry is planning to triple productivity per hectare and quadruple industry returns over the next nine years.

Abano's share buyout offer labelled bizarre

hutson

A shareholder has dismissed as 'bizarre' a $12.9m buyout offer from Abano Healthcare for its audiology joint venture.

Beware ageism at work

Peter Cullen

OPINION: Human rights legislation prohibits discrimination on the basis of age. However, that doesn't stop it.

Growth this year could be decade's best

Stock market NZX

The services sector is back on track, growing in March at the fastest pace in more than six years, after hitting a pothole in February.

'Revolution' in Aussie, but virtual credit cards already here

Credit cards

Australia is trumpeting a revolution in credit card payments, but we're already ahead of the game, issuing "virtual" credit numbers without the plastic.

Perfect holiday storm ahead for families

Generic money

A perfect storm has families eyeing up a 10-day holiday as retailers and hospitality businesses wonder what it will mean for bottom line.

Bathurst seeks to raise $8m

Hamish  Bohannan

Bathurst Resources wants to raise up to $8 million in a share placement to tide it over during low coal prices.

Investors warned of 'window dressing'

NZX

New Zealand investors should be cautious about buying stocks around the time a company releases its financial results, says a market commentator.

CricHQ delivers master stroke

Nokia

Scoring a deal with global mobile phone company Nokia could drive CricHQ to more than two million users.

Promoter proving the draw of quality

Masterton-based music promoter Mark Rogers

He loves his product, but music promoter Mark Rogers is also spurred on by an Aucklander's put-down.

Future bright for fire alarm firm

David Percy

David Percy's former work colleagues considered him "mad" when he set up fire alarm company Pertronic Industries.

Inflation expected to climb inexorably

Percent

Annual inflation is expected to be steady at 1.6 per cent in figures out this week but that will not stop the Reserve Bank lifting interest rates this month.

Crash coma resulted in ripper of an idea

keyboard

Enis Bacova's latest business idea came to him after he crashed his motorbike and spent 48 hours in a coma.

Oyster's Hutt Valley pearl offers 10% gain

Upper Hutt

Oyster Property Group's latest proportionate ownership scheme is forecast to provide investors with a pre-tax cash return of 10 per cent a year.

Restaurant owners carve off three sites

Foxglove

The Foxglove, Lone Star and Matterhorn restaurants have all been put on the market.
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