Business

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Refit for country's oldest gasfield Operators seek to extend Kapuni's life

One of the biggest drilling rigs seen in New Zealand has arrived in Taranaki, and will soon begin a drilling campaign aimed at extending the life of the country's oldest gasfield.

More jobs as new stores loom

JOHN ANTHONY - © Fairfax NZ News

Fifty jobs will be created in Taranaki this year as home- improvement retailer Bunnings boosts its presence in the region.

Best farm land 'already sold off'

© Fairfax NZ News

The amount of productive farmland being taken out of Kiwi hands each year has dropped off sharply in the past decade, newly released figures show.

Hanover sellers due write-offs

© Fairfax NZ News

Hanover investors who sold their shares immediately after a debt- for-equity swap with Allied Farmers are likely to get tax write- offs, Inland Revenue is to announce today.

Higher house price concern as buyer confidence slips

© Fairfax NZ News

A growing number of people believe house prices will rise, according to the ASB's quarterly survey of housing confidence.

Indices

  VALUE MOVEMENT
NZX50 3,330.330 arrow -9.691 -0.29%
ASX200 4,285.140 arrow 39.800 0.90%
DOW 12,801.230 arrow 0.000 0.00%
NASDAQ 2,931.390 arrow 27.500 1.00%
FTSE 5,905.700 arrow 53.300 0.90%
NIKKEI 8,999.180 arrow 52.000 0.60%
H-SENG 20,887.400 arrow 103.500 0.50%
NZX50 20 min delay, others last close

Top Movers

  PRICE MOVEMENT
LME 0.064 arrow 0.014 28.00%
JTM 0.200 arrow 0.030 17.65%
ALF 0.040 arrow -0.008 -16.67%
SPY 0.090 arrow -0.015 -14.29%
MFT 9.400 arrow -0.950 -9.18%
BFW 0.760 arrow 0.060 8.57%
RBC 0.450 arrow 0.030 7.14%
Price as at 6:35 pm, 14 Feb

Currencies

RATE
Australian Dollar 0.777
Euro 0.631
British Pound 0.528
Hong Kong Dollar 6.438
Japanese Yen 64.740
Singapore Dollar 1.050
US Dollar 0.830
Price as at 8:50 pm, 14 Feb

Food prices flat

GOOD EATING: Reducing the price of healthy food, possibly by removing GST, could therefore lead to more low income families buying it, the study said. Food prices held steady in January and were up just 1 per cent on the same month last year.

Kirks gears up for online future

Wellington's Kirkcaldie & Stains has enjoyed an increase in sales and is preparing up to move online by the end of the year.

Real estate agent fined, suspended

Fund manager favours shares

Maori back in business

TDN Business Maori entrepreneurship in Taranaki is alive and kicking.

Monthly checks key to health

I am often surprised with new clients at how little they know about their business.

Talking about young people's working lives

Opinion: Business view

Future in good hands

Not enough young people are being sufficiently trained to replace his generation.

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