Business

Cap to lift on disputed insurance claims

Disputes of up to $350K will be able to go to a resolution service instead of court.

Canterbury building reached a record in 2014

Construction in Canterbury is at record levels with the peak yet to come.

Christchurch gigabit homes 'likely this year'

Broadband plans for households at "gigabit" speeds are likely this year in Christchurch.

The lonely life of the NZ oil explorer

OPINION: It's a hard row to hoe being a New Zealand-based oil and gas company.

Building strikes flat patch after strong start

A key support of economic growth, construction, hit another flat patch at the end of the year, after a flying start to 2014.

Drive to export milk questioned

NZ's constant drive to produce more export milk could be self-defeating, dairy farm syndicate manager says.

Woolworths cops $110m loss as it sells out of The Warehouse

Australian supermarket giant Woolworths has sold its stake in The Warehouse to the family behind Farmers and Pascoes at a $110m loss.

Insurance for major events a balancing act

OPINION: New Zealand is now in the spotlight for international events, with promoters making huge investments and carrying substantial risks.

Profit isn't for investors

The Canterbury Mortgage Trust made a profit but there is no dividend any time soon for its more than 4000 long-suffering local investors.

Call for CCT to be more open

Christchurch and Canterbury Tourism needs to be more transparent and open to the public, tourism operators say.

Martin enjoys rollercoaster rise

Investors in jetpack developer Martin Aircraft are on a very wild ride.

New Zealand hotel prices rise

The price Kiwis are having to pay for a night away is being driven up by the strong economy and an influx of foreign tourists.

Lack of rain threatens feed

Prolonged drought is threatening the planting of crops and supply of winter feed for stock.

Customers want help first, selling last

OPINION: How can you move away from bragging about your product to giving prospective customers genuinely useful information?

An amazing weekend in Akaroa

Food, history, art, nature, and sexy inflections – you can savour them all on a visit to Akaroa.

Kiwi firm Myovolt exports good vibrations

Start-up firm, Myovolt, is preparing for the global launch of its vibrating, wearable technology to help boost circulation.

Personal finance: Smoothing the bumpy ride

People working two jobs or more need to cope with getting a full pay one week and just 10 hours the next.

New Canterbury homes failing building surveys

Canterbury home builders failed over a third of final building code inspections in the last half of 2014.

Solid Energy concerned about debt

Embattled coal miner Solid Energy puts off presenting its half year accounts because it says it is worried it cannot repay debt next year.

Mercer upbeat despite interim half-year loss

Christchurch's Mercer Group says it is on track with its annual sales and earnings objectives, despite a $23,000 interim loss.

Parts maker on a steady path ahead of the curve

It began with two guys tinkering away in a blueberry packing shed.

Insurers will make the call on what really defines an SME

Insurers are set to decide which businesses will benefit from new, improved protections for people buying insurance.

The big China trade-off

Local control of NZ meat and dairy manufacturing is being whittled away by China's control of product certification, an infant formula-maker says.

Kiwi Regional Airlines set to fly - yet again

NZ's newest airline announces direct routes from regional centres to Auckland, Queenstown and Hamilton.

Rosy results in apples trade

Scales Corporation beats prospectus forecasts, reporting an annual net profit of $18.4m as it continues to eye growth.

LPC volumes 'better than anticipated' despite Kotahi deal

Lyttelton Port of Christchurch says first half freight volumes have been hit by an export-based partnership using rival PrimePort Timaru.

Groynes Park subdivision buyers angry at holdups

Buyers of sections at 400-home Groynes Park subdivision are frustrated at a lack of action.

Nod for Energy Mad

Energy-efficient light bulb manufacturer Energy Mad's shareholders approve capital raisings that will give SuperLife a controlling stake.

Wynyard red ink doubles in quantity

Crime analytics software company Wynyard Group has posted a loss of $22.2m, double last year's loss.

Profits up for Ebos despite strong kiwi

Ebos Group is picking a 10-11 per cent improvement in full-year net profit so long as the kiwi-aussie currency cross-rate remains steady.

Hanmer Springs is the place to be

Holiday hideaways in Hanmer Springs are among the best-reviewed in the country.

Team's the trick

OPINION: When things go badly, we tend to blame the players only. Business can be similar, especially when it comes to sales teams.

Club builds new facilities

Papanui Club manager is leading a $12m-plus plan to recreate the club's facilities in a modern format.

Summerset looks for more sites

Summerset Group Holdings says pent up demand for retirement living means it will look for further sites in Christchurch.

Roundup deal readies PGW to wholesale to rural rivals

PGG Wrightson is dabbling with wholesaling product to its competitors, including the world's biggest-selling weedkiller.

Details of new Canterbury storage lake unveiled

A man-made lake that could hold enough water to fill 12,000 Olympic-sized swimming pools is planned to supply more reliable irrigation in Canterbury.

SLI says bigger loss due to more investment

Cloud software firm says it has enough cash in the bank for its 'current plans'.

Robust economy to remain

Canterbury Development Corporation boss called 2014 "the year of the golden economy" for the region, but he is more cautious about this year.

Kiwibank happy with loan growth

House prices in Auckland and Christchurch are "heady" but Kiwibank is not too worried about stretched values on the back of low interest rates.

Shades of grey with revenue and capital gains

OPINION: The line between what's taxable and what isn't can be blurred, and it takes a court to sort it out.

Diver caught illegally selling paua

An Ashburton man illegally sold more than 100 paua to a Wellington fish and chip shop, only to get caught red-handed days later.

Free expert advice on quake claims offered

Insurance experts will offer advice to homeowners struggling with their earthquake claims at a meeting in Christchurch.

Investors lose confidence in Christchurch

Investor confidence drops sharply, puzzling analysts and bucking the national trend.

Highfield Park faces liquidation threat

The future of Christchurch's giant 2200-home Highfield Park subdivision has been thrown into doubt.

OceanaGold rebounds with $133m pay dirt

Multinational goldminer OceanaGold Corporation recovers from huge loss to make a record profit of more than US$100 million.

Time for a long-term attitude shift

Ten years is a term that few people will be willing to commit to in hopes of coming out ahead on interest rates, say brokers.

NZ Super solid base

NZ Superannuation scheme is a "fairly solid floor for keeping people out of poverty", a researcher for the Commission for Financial Capability says.

New bike workshop little slice of heaven

There's a mysterious little workshop hidden away in Addington where all manner of repairs take place.

How to avoid a painful tax audit

Even the NZX can be caught out by a tax audit. The sharemarket business paid $1.2 million extra after the IRD checked its books.

The year insurers took a hit

Four years on from the devastation of the February 22, 2011, earthquake the Christchurch insurance scene is much altered but intact.
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