National

IBM high-flier loses dismissal claim

laptop

A former high-flying IBM salesman has lost his claim against the technology company for constructive dismissal.

Crafar company signs up for more NZ farmland

Lochinver Station

Chinese company behind the Crafar farms purchase has signed up to buy another prime station.

Building delays not our fault, say firm

Williams and Co

A company promising new homes 'faster' says delays and disappointments are mainly not of its making.

Trade Me staff adopt slide time

trade me

It's become obligatory for big tech companies to have quirky and colourful offices.

Advisory board to offer help for ethnic SMEs

Wenceslaus Anthony

An advisory board designed to promote cultural diversity in the workplace and support small business will launch next week.

Simpson breaking boardroom barriers

Tania Simpson

The corporate heights to which Reserve Bank board member Tania Simpson has risen were founded in small business.

CCHL set to take over LPC

Lyttelton Port

Shares in Lyttelton Port Company shot up nearly 25 per cent after Chch City Council said it intends to buy the shares it did not already own.

Carr Group confirms Elders Rural purchase

Craig Carr

The South Island family-owned Carr Group has confirmed the purchase of Elders Rural Holdings New Zealand for an undisclosed sum from its Australasian owners.

Designs on high performance

Alchemy Equipment

Two designers mix experience of outdoor equipment and high fashion to create a new brand of luggage and clothing.

New labour-hire firms mean low pay, say unions

Construction worker/ Hard hat

As the labour-hire business explodes, unions warn it means lower pay for workers.

The dark side of adventure tourism

Helen and Bosco Peters

An audit of adventure tourism operators is to be completed this year. So how safe is the industry now?

Real estate agent numbers recover

mortgage

The number of real estate agents has climbed steadily over the past three years, and not just in Auckland.

Buyers 'horrified' by apartment nightmare

Pietta Collins

Couple say their new apartment is uninhabitable thanks to internal pillars they weren't warned about.

Mega NZX float delayed again

NZX

Planned sharemarket float of the online storage company founded by Kim Dotcom is put off again.

Petrol prices too high: AA

Petrol, fuel, gas

Global petrol prices have fallen equivalent of 12c a litre since the last price cut, AA says.

Scam targets Auckland immigrants

Money man, fraud

Victims told they'll get a "good citizen tax refund" if they make a payment to an overseas bank account.

No parole for Rod Petricevic

Rod Petricevic

Jailed finance company fraudster poses an "undue risk to the safety of the community".

Booming Auckland boosts Housing NZ

state housing

Housing NZ's portfolio is worth more than the recently floated state-owned power companies combined.

Dentists offer free fillings for the cash-strapped

'There are people that really deserve it'

	 Dr Annette and Dr Henk Eksteen

Hamilton husband and wife team hope to put smiles back on 100 deserving faces.

How much are our bees worth?

Bees

Bees are worth $5.1 billion to the New Zealand economy each year, but all is not well with them.

Lyttelton Port shares spike

Lyttelton Port

The Christchurch City Council intends to take over all of the Lyttelton Port shares.

Newly-listed Gentrack issues profit warning

NZX

Gentrack chairman and James Docking unavailable for comment after issuing a shock profit warning.

Shanghai Pengxin buys second large farm

Lochinver

The Chinese firm that bought the Crafar farms has signed a conditional deal for another large block.

Fonterra director retires

Jim van der Poel

Jim van der Poel will leave the dairy co-operative's board in November, after 12 years of service.

'Not about looks' for hottest tradie

Winner building home in late mum's honour

Stacy Rush

What Canterbury's hottest tradie really wants is to rebuild his family home in honour of his late mum.

Tasmania benefits from GMO ban

Angus Bulls, Tasmania feedlot

Tasmania is a model of high-end agriculture, thanks to its ban on genetically modified food crops and animal feed.

Kids' lunch trend explodes

Maisy lunchbox

Parents who buy fancy school lunch gear say it's worth it as it lasts longer than disposable items.

Business bouquets and brickbats

Who got it right and who veered off course in business this week?

Council asset sales mooted to help raise $900m

Cr Andrew Turner, Mayor Lianne Dalziel, and Cr Raf Manji

Greens say selling assets to plug a hole in the council's budget is not in the city's long-term interests.

Warm winter cools Kathmandu profits

Kathmandu

Unseasonal weather hurts Kathmandu profits, but late cold snaps allow retailer to recover some revenue.

Zero tolerance call on strip club visits

Angela Vithoulkas

Male executive trips to strip clubs are "misplaced" and shut out women from high level decisions, women say.

2degrees director joins Microsoft board

2degrees' American director John Stanton has been appointed to the board of the software giant.

45 jobs lost at Buckley Systems

Bill Buckley

Slowing sales and the high NZ dollar see hi-tech manufacturer Buckley Systems cut jobs.

Food scare tests Chinese loyalty

China McDonald's

Chinese consumer loyalty to foreign fast-food brands, including McDonald's, KFC and Pizza Hut, is tested.

Nautilus toasts global success

Sekope Lopeti

Within 30 years, Nautilus Estate has grown from an ambitious idea to a world-renowned premium wine brand.

Argosy sells Waitakere shopping centre

waitakere mega centre

Increased retail competition and the rise of online shopping prompted the sale to a Christchurch-based investor.

Adidas cuts profit forecast on Russia risks

adidas

The sports equipment maker cuts plans for new stores in the troubled region and lowers its profit forecast.

How will Xero investors react?

Xero

All eyes will be on the market darling's shares today, following news it is spending more but pulling more cash in too.

Argentina defaults on debt

Argentina

The collapse of talks with US creditors raises questions about what comes next for the staggering economy.

Biz Quiz: Week ending August 1

whittakers almond slab

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

Hill the jewel among southern wealthy

Sir Michael Hill

Sir Michael Hill is the wealthiest man in the south with an estimated $300 million.

Job trial rules not followed

Coffee

A Wellington cafe worker was unfairly sacked when his employer mistakenly relied on the 90-day trial period.

Overseas trio to get station land back

Walter Peak

An Israeli billionaire family and an ocean explorer can buy back land sold to a developer.

US first port of call for Jade

DavidLindsay

Jade has implemented its marine terminal software in ten American ports, from Philadelphia to New Orleans.

Property pays: Rich listers love land

Mark Stewart

Property continues to be solid investment for high-profile Stewart, Carter and Gough families.

Kiwi tech firms get Branson bump

Kiwis behind The Mind Lab and Littlelot jetting off to Sir Richard Branson's Centre for Entrepreneurship.

Buckley Systems to lay off staff

Job cuts, jobless, redundancies

Forty employees at Buckley Systems will learn their fate today when redundancies are announced.

Profit helps extend life of Reefton mine a tad

Reefton mine

The life of the Reefton gold mine will be "slightly" extended, OceanaGold says, as it reports a NZ$66.7m profit.

Property market cooling

Generic house for sale

Residential land developer CDL Investments New Zealand says its first half-year sales and profit were "satisfactory", but believes the property market is showing signs of softening.

Hotel chain's profit drops,revenue improving

Millennium Hotel Christchurch

Millennium & Copthorne Hotels New Zealand has reported a sharply reduced profit after tax of $6.22 million for the half year to June 30, down from $9m a year earlier.
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