Business

Hold-outs block Kerr's ambitions

Businessman George Kerr is stepping up the pressure on about 3000 small Pyne Gould Corporation shareholders who refuse to allow him unfettered control of the old Canterbury investment company.

Owner confirms Holiday Inn to be demolished

The planned demolition of another of Christchurch's landmark city centre hotels – the Holiday Inn – has been confirmed by the building's owner, Philip Carter.

Hiring stalls as rebuild slow

Local trades companies are awaiting signs rebuilding is under way so they can hit the "hire" button.

Delays with insurance frustrate port company

Lyttelton Port of Christchurch is frustrated by the delays of "pay-as-you-go" payments by insurers to repair quake damage.

Night milking for sleepy time

Special milk collected from Dunsandel cows at night is claimed to help people with sleep disorders.

Suppression ends for SCF accused

A Timaru lawyer and a retired accountant are revealed as two of the SCF five facing charges.

Court decision looms on SCF suppression

EMMA BAILEY - © Fairfax NZ News

The two remaining identities of the South Canterbury Finance (SCF) five could be revealed today.

Acceptance would be foolish - village owner

FRANCESCA LEE - © Fairfax NZ News

The Government's buyout offer for rest homes in the red zone is not enough, says one owner.

Left out in cold without any cover

ROB STOCK - © Fairfax NZ News

Case notes from insurers reveal how easy it is to fall through the net and leave yourself exposed.

Beer with us, we've found a new home

The Twisted Hop co-owners Stephen Hardman, left, and Martin Bennett wash brewing equipment at their new Sockburn brewery.

MICHAEL BERRY - © Fairfax NZ News

The owners of Christchurch craft brewery, The Twisted Hop, hope to start making the first batch of beer from their new Sockburn brewery next week.

CERA report prompts mall evacuation

Shoppers at Merivale Mall were evacuated from parts of the building this morning.

MICHELLE COOKE AND LOIS CAIRNS - © Fairfax NZ News

Several shops in Merivale Mall were evacuated this morning after a report showed issues with the building's structural integrity.

Quake city assets set to be popular

MARTA STEEMAN - © Fairfax NZ News

Investors expect to be potential buyers of Christchurch City Council's airport and electricity companies, should it be forced to sell assets.

Twisted Hop back up and running

The owners of Christchurch craft brewer The Twisted Hop hope to start making the first batch of beer from their new Sockburn brewery next week.

Quake inquiry aids turnaround

Video and audio production studio Tandem Studios is pumping up the volume on the work front,

Quake city assets set to be popular

MARTA STEEMAN - © Fairfax NZ News

Domestic and international investors expect to be potential buyers of Christchurch City Council's airport and electricity companies, should it be forced to sell assets to pay earthquake bills.

Chch ratepayers in Morrison's debt

Advice from inspirational business leader Lloyd Morrison helped Christchurch ratepayers earn a share of a $250m windfall.

Council assets not primed for sale

Christchurch City Council is sitting on prime assets in the airport, port and electricity company worth about $1.5 billion, but is not preparing to sell.

Enable offers more for less

Christchurch businesses will today be offered new products and cheaper prices to be connected into Enable's fast growing ultrafast fibre network.

Price hike for network repairs rejected

Earthquake Minister Gerry Brownlee is not cutting Orion any slack for earthquake damages to its network, rejecting its bid tp raise its prices.

Fewer Canterbury jobless but job numbers down

The latest jobs statistics show fewer people unemployed in Canterbury, but also fewer jobs to go around.

Trust's business aid grants top $3.7 million

The Canterbury Business Recovery Trust distributed more than half a million dollars to help quake-hit local businesses in the last two months.

Rebuild 'at risk' in new city plan

LIZ MCDONALD - © Fairfax NZ News

Christchurch's central-city plan will put the city's rebuild and economy at risk, the Property Council says.

Luxury-car sales boom in post-quake adrenaline burst

TAMLYN STEWART - © Fairfax NZ News

The earthquake triggered an adrenaline rush in some Cantabrians, prompting them to buy new high-end vehicles sooner than they had planned, Christchurch luxury car dealer Archibalds Motor Group says.

Growth plans for city's festivals

The organisers behind separate wine and beer festivals in Hagley Park want to see the celebratory events become an economic boon for Christchurch.

Online presence the priority for many companies

A business survey shows selling and advertising online are priorities for Christchurch businesses this year,.

Post-quake luxury-car sales boom

The earthquake prompted some to buy new high-end vehicles sooner than they had planned, Christchurch luxury car dealer Archibalds Motor Group says.

Telogis stays put, but needs staff

Electronic tracking systems software firm Telogis says it plans to continue to grow its Christchurch research and development team but finding suitable staff is a challenge.

$400m energy scheme to heat city

PAUL GORMAN - © Fairfax NZ News

Christchurch Hospital and CPIT could be pivotal in getting a $400m energy scheme set up.

Star system to rate quake safety of buildings

A five-star rating system on the safety of buildings in an earthquake is being set up.

$1.5m payout for Marryatt possible - expert

SAM SACHDEVA - © Fairfax NZ News

Christchurch City Council chief executive Tony Marryatt 'could pocket up to $1.5 million' if he is forced out.

Couple 'sabotaged' by council reaction

SAM SACHDEVA - © Fairfax NZ News

The owners of an earthquake-hit Sumner wine shop say they felt "sabotaged" by the Christchurch City Council while trying to open a temporary bar in the area.

Airport build a boost for city

Christchurch International Airport is just days away from opening the next significant stage of its nearly $240 million integrated terminal project.

'Clear plan for city' needed

Canterbury business leaders are calling for a clear plan for the region's recovery to give world-be investors certainty.

Quakes provide opening for new system

A start-up phone systems company, born out of the Canterbury quakes, expects to do well as fibre replaces traditional copper telephony links.

Millions to be made from university research

Christchurch business incubator powerHouse has ambitious plans to create 50 multimillion-dollar international companies in Christchurch by 2020.

EQC work props up drycleaner

Christchurch drycleaning service Maxwells Drycleaners thinks this year may be tougher than the last.

Union: 40 Christchurch jobs axed in move

Christchurch is losing an extra 40 jobs after a decision by Postie Plus to award a warehousing and distribution contract to an international company with a base in Auckland, the EPMU says.

Biggest solar-energy community planned

New Zealand's biggest solar power-based community will be built at Christchurch's Highfield subdivision.

Weet-Bix plant shut down indefinitely

Staff at Sanitarium in Christchurch have been made redundant and Weet-Bix making has been suspended, the company said today.

Two large blocks of Rolleston land for sale

Two big areas of farmland with subdivision plans for 150 homes have been put up for sale.

Plenty of prospects to succeed Bollard

Arthur Grimes or Murray Sherwin could be strong contenders to replace governor Alan Bollard.

Accounting firm shifts to the cloud

DJCA accounting firms has gone wireless to make sure its operations will not be disrupted by any seismic activity.

Antiques now in country home

Being a former farmer, Mike Kerr is better prepared for the wrath of the earth than are most antiques dealers.

Risk-aware Cantabs drive for health insurance

Southern Cross Health Society says while the rest of New Zealand's health insurance market is "reasonably flat", good growth is occurring in Christchurch.

Reinsurers will pay up, says Bollard

Reserve Bank governor Alan Bollard yesterday said the bank had taken the view that reinsurers of Canterbury's earthquake events were prepared to make the payments that were due.

Rebuild momentum hit by recent quakes

Reserve Bank governor Alan Bollard says the time frame for the Canterbury rebuild has slipped substantially back into 2013.

Entrepreneurs take on cruise tourists

Entrepreneurs are making the most of the influx of tourists to Akaroa.

French connection charms

Quake damage at Lyttelton has redirected about 80 cruise ships to Akaroa this summer. Although not exactly an ideal port, it has kept valuable tourists coming into Canterbury.

Rebuild, expansion a boost for Smiths City

Retailer Smiths City says it expects its increased presence in Wellington and the rebuild of Christchurch to create both short and long-term profit opportunities, although it expects the wider market to stay subdued.

Key happy with deal, criticises objections

With the Crafar Farms finally set to pass in to Chinese hands, Prime Minister John Key has been accused of "weak-kneed leadership".

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