Business

Cancer claims businessman

Lloyd Morrison

John Key pays tribute to late businessman and Phoenix co-owner Lloyd Morrison.

Glitch as Vodafone loses customers

Vodafone

Vodafone fixes pre-pay glitch, after the company loses 14,000 customers in three months.

Accommodation up in December

Melbourne hotel

Accommodation figures for December show the number of guest nights edged up 1.4 per cent compared with 2010, but fell slightly during the year to December.

Shares gain on Greek austerity deal

NZX shares

The New Zealand share market rose at the open, with appetite for stocks boosted by reports Greek officials had finalised a package of austerity measures, paving the way for an addition €130 billion in bailout funds.

Fonterra taps NZX to run farmer trading

A dairy cow

The NZX is to run Fonterra's farmer share trading scheme, which is expected to launch in November.

Kiwi gains on Greek austerity deal

Dollars

The New Zealand dollar gained on increased investor appetite sparked by Greece's moves toward a second bailout package

$3b profit goes overseas

Banks montage

Higher interest margins saw the big five banks take a combined profit of $3 billion over the 2011 financial year, most of it headed to Australian bank coffers.

Greece strikes bailout deal

euro

Greek leaders have clinched a long-stalled deal on reforms and austerity measures needed to secure a bailout and avoid a messy default.

Feltex class action swells

Feltex

Another 800 former Feltex investors have joined the legal battle against the former directors, sellers and promoters of the failed carpet maker.

Jobs rise at expense of fulltimers

briefcases

Unemployment is down to a better-than-expected 6.3 per cent, but bank economists say the job market remains soggy with little sign of a recovery this year.

Solid Energy plans opencast site

Coal miner

Solid Energy plans to spend $25 million opening up a 5 million tonne coal mine from 2015 to add depth to its West Coast export operation.

Price hike for network repairs rejected

Electricity Pylon

MARTA STEEMAN - © Fairfax NZ News

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

Enable offers more for less

tdn et

ALAN WOOD - © Fairfax NZ News

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

Direct-to-fans sport still 'years away'

Broadband cable

TOM PULLAR-STRECKER - © Fairfax NZ News

Sports fans may one day be able to ditch Sky Television and watch sporting events streamed over the ultrafast broadband network.

Search for oil, gas may near capital

Oil exploration

HAMISH RUTHERFORD - © Fairfax NZ News

Changes to the way the Government tries to attract interest from oil and gas companies are likely to see two huge blocks to the south of Wellington offered for oil and gas exploration.

Call goes out to protect Kiwi assets

Sir John Buchanan

OPINION: If we want to grow our small businesses into big ones and have them stay here, the Government needs to do more than talk about its desire for that to happen.

Cards get a work out

credit cards

Spending on credit and eftpos cards across all industries increased in January for the first time in a year.

Market day ahead

Euro

Investor appetite got a boost overnight, after Greek officials finalised an agreement on a range of austerity measures, paving the way for a second €130 billion bail out package.

Wait for new oil law, Govt urged

Petrol pump

The Government should halt the awarding of the permits for oil and gas exploration until a law to protect New Zealand's seas is passed, Opposition parties say.

Dream Homes comes to a halt

Dream homes

JOHN ANTHONY - © Fairfax NZ News

High-flying Taranaki building company Dream Homes is in financial difficulty.

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