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BUSINESS NEWS

Latest business news updates about the stock markets, economy, personal finance, property and Kiwisaver.

20:06 Thu Apr 17 2014
King Salmon can go ahead and develop three new farms in the Marlborough Sounds, following a Supreme Court ruling which stops a fourth.
Genesis Energy soars on debut
19:00 Thu Apr 17 2014
Genesis Energy's shares have spiked in the immediate aftermath of its listing on the NZX rising by 18 per cent.
17:58 Thu Apr 17 2014
Genesis Energy's debut at a premium to its listing price has helped buoy other energy companies on the NZX.
17:16 Thu Apr 17 2014
The kiwi dollar has been under pressure amid falling global dairy prices and general risk aversion among investors.
17:12 Thu Apr 17 2014
Air New Zealand says it won't be contributing to an $A38 million settlement by other airlines in an Australian class action.
BNZ names new boss
15:00 Thu Apr 17 2014
The new chief executive of the Bank of New Zealand will be its current head of its business bank, Anthony Healy.
14:50 Thu Apr 17 2014
Consumer confidence in New Zealand remains at elevated levels rising in April compared to last month.
14:22 Thu Apr 17 2014
Electronics retailer Dick Smith has lifted its third quarter sales one per cent.
Changes urged to tax system to help saving
13:00 Thu Apr 17 2014
The head of the Financial Services Council is arguing that the tax rate on retirement savings should be eased to make it fairer.
NZ dollar drops against British pound
11:00 Thu Apr 17 2014
Better than expected UK employment data drives the NZ dollar to its lowest point in five weeks against the British pound.
Businesses warned over Easter surcharges
07:00 Thu Apr 17 2014
Businesses are being told they're acting illegally if they impose Easter Saturday and Sunday surcharges and claim it's due to Holidays Act wage costs.
18:08 Wed Apr 16 2014
Diligent Board Member Services has climbed 9.9 per cent to lead gains on the New Zealand sharemarket.
17:56 Wed Apr 16 2014
Slower than expected inflation in the March quarter has sparked a fall in the kiwi dollar.
15:39 Wed Apr 16 2014
General applications for Genesis Energy shares will be capped at $5,000 or 3,226 shares before they list.
15:29 Wed Apr 16 2014
Diligent Board Member Services' latest sales figures are better than expected, pushing its share price up as much as 12 per cent.
14:30 Wed Apr 16 2014
A series of assaults on Auckland's trains has prompted the train's operator Transdev to increase security provisions for staff and customers.
NZ arms of tobacco giants boost sales
13:39 Wed Apr 16 2014
The New Zealand arms of Imperial Tobacco and Philip Morris have boosted annual sales, the former largely due to demand from Australia.
Cheaper housing plan for Christchurch
12:01 Wed Apr 16 2014
The government and Christchurch City Council are putting up $125 million to encourage developers to build cheaper houses in the quake-recovering city.
11:07 Wed Apr 16 2014
New Zealand inflation has risen less than expected in the March quarter, when the annual rate slowed to 1.5 per cent.
10:54 Wed Apr 16 2014
The developer of the Escarpment coal mine on the Denniston Plateau, Bathurst Resources, attracts $8 million from investors.
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