Regional News - New Zealand

The Warehouse hit by 73.9pc profit drop
The Warehouse Group has posted a 73.9 per cent drop in annual net profit after tax year-on-year after big one-off costs hit the business.The retailer reported non-adjusted net after-tax profit figure was $20.4 million in 2017 compared...
Fri, 22 Sep 2017 09:32:16 +1200


Upcoming beef, lamb, venison season keeps eye on world markets - Silver Fern
Silver Fern Farms, New Zealand's biggest meat exporter, said the season ahead is shaping up to be mixed for beef, lamb and venison.Chief executive Dean Hamilton said the beef market had reached an interesting point as the start...
Fri, 22 Sep 2017 09:15:26 +1200


How to be your own boss - even if you're older
There's a rising tide of new entrepreneurs going into business for themselves - and they're not the hip young things you might expect.Statistics NZ data shows the number of over-50-year-olds who are self-employed but without employees...
Fri, 22 Sep 2017 07:34:22 +1200


Analysis: Can Google and HTC crack the Apple-Samsung smartphone duopoly?
Google late Wednesday announced that it would pay US$1.1 billion ($1.5b)for employees from HTC's smartphone unit, prompting waves upon waves of speculation about what might come next from this hookup.But I have one hope: that Google's...
Fri, 22 Sep 2017 07:32:48 +1200


FMA cracks down on financial register misuse
The Financial Markets Authority says it will crack down on New Zealand directors who encourage misuse of its Financial Service Providers Register.The register was set up in 2008 and from 2010 any company or individual providing...
Fri, 22 Sep 2017 07:31:14 +1200


Fuel shortage: Finally some good news for flyers
Air New Zealand believes it won't have to cancel any flights today because of fuel issues and expects its planes should run according to schedule.Thousands of passengers were disrupted this week after a pipeline carrying jet fuel...
Fri, 22 Sep 2017 07:28:06 +1200


Budget airline passenger stunned to spot can of Stella Artois in cockpit
A budget airline passenger was left "shocked" after spotting a can of Stella Artois in the cockpit of the plane that'd just flown hundreds of people back from Spain.The Jet2 aircraft had landed at Birmingham Airport when passenger...
Fri, 22 Sep 2017 07:24:58 +1200


While you were sleeping: Wall St slides from record highs
Wall St weakened, declining from record highs, as investors assessed the impact of the Federal Reserve's intentions to raise interest rates once more this year. On Wednesday, at the end of a two-day meeting, the Federal Open Market...
Fri, 22 Sep 2017 07:21:51 +1200


NZ dollar slips as Fed's rate hike, balance sheet views trump local election
The New Zealand dollar fell as the US Federal Reserve signals on balance sheet unwinding and interest rate hikes outweighed gains made earlier in the week after a poll showing the National Party in the lead ahead of tomorrow's vote.The...
Fri, 22 Sep 2017 07:18:05 +1200


KiwiSaver provider launches income fund
Low-cost KiwiSaver provider Simplicity has launched a new fund that allows people to convert their savings into a regular income at retirement.Currently KiwiSaver members can either choose to take some or all of their money out...
Fri, 22 Sep 2017 07:14:19 +1200


Damaged Ruakaka pipe out, new section ready to go in
A major step has been reached in the precise and complex repair job on the stricken Ruakaka Auckland Pipeline with the faulty section of pipe cut out today. Following another all-night effort by the repair crew, a 17m section has...
Fri, 22 Sep 2017 07:10:16 +1200


Higher milk prices tipped to eat into Fonterra's profit
Fonterra is expected to produce a slightly weaker annual result on Monday as higher farmgate milk prices, which act as a higher input cost, eat into its margins.The farmgate milk price was $6.15/kg of milksolids for 2016/17 and...
Fri, 22 Sep 2017 07:08:44 +1200


Delta chairman's $1 million exit package revealed
Delta chairman Grady Cameron is ending his stint looking after Dunedin's run-down electricity infrastructure with an almost $1 million payout.The news comes in Delta's annual report, which also notes the number of the 616 staff...
Fri, 22 Sep 2017 07:07:13 +1200


John Drinnan: TV awards are back, with a gap
TVNZ has dropped out of the news and current affairs categories in the 2017 New Zealand Television Awards.The broadcaster says news should be part of the Canon Awards for journalism.Awards organisers say it is not a big thing,...
Fri, 22 Sep 2017 07:05:41 +1200


L'Oreal heiress Liliane Bettencourt dies at age 94
Liliane Bettencourt, the L'Oreal cosmetics heiress and the world's richest woman, has died at her home in a chic Parisian suburb. She was 94.Bettencourt's daughter, Francoise Bettencourt Meyers, said in a written statement Thursday...
Fri, 22 Sep 2017 06:59:56 +1200


Brian Fallow: How are we doing? The numbers tell the story
Political polls are not the only source of statistical insight into how people might be feeling on the eve of the election. There is information to be gleaned from the routine flow of economic data, too.On household incomes, the...
Fri, 22 Sep 2017 05:16:44 +1200


Stock Takes: Disclosure a muddy area
It could be months before investors know the outcome of a complaint made to the NZX over the timing of NZ Refining's announcement to the market about its burst pipeline.The refining company released its announcement before the market...
Fri, 22 Sep 2017 05:00:00 +1200


Getting on top of overload
Let's be honest, for most of us it's not hard to be busy.Step One: start with all the obligations most humans have to get done in a typical week. Then accept every additional meeting request, say yes to every social event on offer,...
Fri, 22 Sep 2017 04:49:07 +1200


Shares edge lower ahead of election
New Zealand shares closed lower, with Fletcher Building dropping while Synlait and Restaurant Brands gained on good sales.The S&P/NZX 50 Index fell 23.83 points, or 0.3 per cent, to 7795.41. Within the index, 23 stocks fell, 16...
Thu, 21 Sep 2017 21:28:58 +1200


Nosh chain owes creditors $2.3m
Receivers were appointed to failed grocery chain Nosh by one of the people who had bought it only five months earlier.The chain was tipped into receivership in July after the stores closed their doors for a relaunch that never eventuated.The...
Thu, 21 Sep 2017 18:26:35 +1200


© Copyright Business Health 2016   |    Privacy    |    Legals    |    Contact Us