Articles by BusinessDesk
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Business
Warehouse boss questions how proposed Foodstuffs merger will help lower grocery costs
Tuesday, 7 November 2023, 8:42pmThe Warehouse boss says it’s “difficult” to see how a proposed Foodstuffs merger will help lower grocery costs for cash-strapped...
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Business
Rude shock as NZ Karen’s Diner goes under
Friday, 7 July 2023, 10:01amA liquidator has been appointed to the New Zealand business of restaurant chain Karen’s Diner, a month after its Australian...
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Business
Private operators after Ruapehu ski field assets
Tuesday, 16 May 2023, 11:52amNew private operators have been shoulder tapped by the Government to run Mt Ruapehu’s Tūroa and Whakapapa ski fields, BusinessDesk...
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Business
No deal for National’s banking inquiry
Tuesday, 14 March 2023, 1:09pmLabour party members on parliament’s finance and expenditure committee have rejected a proposal by the National party’s finance...
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Business
Pushpay shares in trading halt ahead of voting on takeover offer
Wednesday, 1 March 2023, 2:52pmPushpay Holdings has been put in a trading halt while it prepares an announcement related to proxy votes ahead of its special...
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Business
Vector's half-year profits down as it faces challenges
Tuesday, 21 February 2023, 1:24pmVector’s net half-year profit to December 2022 fell 13.2 per cent from the same period in 2021, partly due to rising interest...
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Business
Chorus earnings steady despite profit slump
Monday, 20 February 2023, 1:08pmDespite a drop in profits, Chorus has announced an unimputed interim dividend of 17 cents per share for the first half of...
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Business
FMA appoints chief economist
Wednesday, 18 January 2023, 2:19pmThe Financial Markets Authority (FMA) has appointed Stuart Johnson to the newly created role of chief economist. Johnson...
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Business
Vector to sell half of metering business for $1.7b
Wednesday, 21 December 2022, 4:00pmVector is set to sell a 50 per cent stake in its New Zealand and Australian metering business, Vector Metering, to private...
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Audio
Fonterra to spend up to $50m to support share price
Wednesday, 8 June 2022, 10:43amFonterra said it plans to spend up to $50 million on buying back its own shares from June 30. The move is in reaction to...
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Politics
Lees-Galloway sacking: Ministerial Services to check public fund misuse
Wednesday, 22 July 2020, 1:59pmMinisterial Services is to be asked to establish whether any public funds may have been used to sustain a relationship that...
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Business
Budget 2020: Government to borrow extra $50 billion
Thursday, 14 May 2020, 2:25pmThe government will now borrow an extra $50 billion in the June 2021 fiscal year to mitigate the hit from the covid-19 pandemic. The...
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Business
Five Burger King outlets face closure
Tuesday, 12 May 2020, 1:23pmBurger King's receivers are proposing five loss-making outlets be shut permanently as they prepare the business for sale. And,...
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National
PM to reveal level 3 rules this week, Treasury to make economic announcements
Monday, 13 April 2020, 4:44pmThe Government will give much-awaited detail this Thursday on how and which businesses will be allowed to reopen if and when...
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Business
Start planning transtasman 'bubble' now, says Auckland airport chief
Monday, 13 April 2020, 1:47pmThe New Zealand and Australian governments should start planning now for a transtasman travel "bubble", even if it's months...
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Audio
1200 Vodafone staff to work from home to test 'worst case' coronavirus response
Wednesday, 11 March 2020, 9:14amVodafone's six-level Auckland headquarters will almost empty in coming days as the telco tests a possible response to coronavirus. More...
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Business
Business confidence slumps to more than a 10-year low
Tuesday, 2 July 2019, 11:19amASB economists say the latest gloomy business confidence survey means the Reserve Bank will need to cut interest rates two...
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Business
IMF warning: NZ economy has lost momentum
Wednesday, 26 June 2019, 11:43amNew Zealand's economic expansion has lost momentum and while the near-term outlook is expected to improve, risks are increasingly...
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Business
SkyCity promises to be different as it plans to enter online gaming space
Wednesday, 22 May 2019, 1:15pmSkyCity Entertainment Group is poised to tap into the lucrative online gaming space with plans to launch a platform mid-year...
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Business
Government funds considering dumping Facebook shares
Wednesday, 20 March 2019, 6:48pmThe managers of five government-related funds with more than $90 billion in funds under management say they are adding their...
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Business
Stats NZ: Not even PM gets sneak preview at GDP data
Tuesday, 18 September 2018, 2:41pmGovernment Statistician Liz MacPherson came out swinging at the suggestion that anyone - even the Prime Minister - is given...
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Business
JB Hi-Fi posts $2.9m loss for NZ, expects sales to continue shrinking
Monday, 13 August 2018, 3:50pmJB Hi-Fi expects to see another year of declining revenues on this side of the Tasman as the ASX-listed discount consumer...
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Business
NZ dollar sinks further as Turkish crisis hits
Monday, 13 August 2018, 10:34amThe New Zealand dollar dropped below 66 US cents for the first time in more than two years as Turkey's economic woes saw...
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National
Foreign buyers snap up 741 Auckland properties in last 3 months
Friday, 27 July 2018, 2:06pmThe number of New Zealand home transfers to foreign buyers eased slightly in the second quarter, based on new data that tracks...
