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BUSINESS NEWS

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

13:56 Fri Aug 1 2014
Xero says a 47 per cent rise in quarterly cash burn is "in line with our targets", but its share price has fallen.
13:46 Fri Aug 1 2014
Auckland transport bosses have decided to drop what would have been the city's deepest underground rail station to save money in the upgrade.
Christchurch council faces $750 million shortfall
11:56 Fri Aug 1 2014
A new report has suggested Christchurch City Council look at selling off assets in a bid to offset a massive funding shortfall.
11:36 Fri Aug 1 2014
Kathmandu shares have jumped five per cent on the NZX after the cold snap in Australia and NZ boosted its end-of-year sales.
11:15 Fri Aug 1 2014
Hellaby Holdings has written down the value of Hannahs and Number One Shoes after two years of below-par performance.
10:42 Fri Aug 1 2014
Property investor Argosy has sold its Waitakere Mega Centre for $45.8 million as it seeks to lower its exposure to retail properties.
10:32 Fri Aug 1 2014
Shares in Gentrack have dropped as much as 19 per cent after the airport and utility software company said it won't meet forecasts.
09:02 Fri Aug 1 2014
Good economic news coming out of the US has seen the NZ dollar slip below US85 cents and it could slide further.
18:32 Thu Jul 31 2014
The NZX 50 Index has firmed 0.2 per cent, with Telecom, Chorus, Trade Me and Fletcher Building among rising stocks.
18:07 Thu Jul 31 2014
The kiwi dollar has regained some support after dropping 3.3 per cent in July.
Whittaker's recalls almond mini slabs
16:55 Thu Jul 31 2014
Whittaker's, winner of New Zealand's "most trusted brand" for three years in a row, has recalled batch of one of its products.
15:47 Thu Jul 31 2014
Trade Me's real estate listing back-down should recover its market share at the expense of lower yield, says an analyst.
Hart still New Zealand's top rich lister
15:22 Thu Jul 31 2014
The top of the NBR Rich List is unchanged from last year but there are some interesting newcomers making money in food and property.
14:01 Thu Jul 31 2014
The Commerce Commission failed in law and logic when it set the price for internet access to Chorus' copper network, the company's lawyer argues.
11:29 Thu Jul 31 2014
Wellington-based PledgeMe and Auckland-based Snowball Effect have gained equity crowd funding licences from the Financial Markets Authority.
11:20 Thu Jul 31 2014
Melbourne-based New Zealand gold miner OceanaGold has turned around from a first half loss to a profit of $US56.8 million.
09:24 Thu Jul 31 2014
Greater than expected growth in the US has sent traders flocking to the greenback and dropped the NZ dollar to an eight-week low.
18:34 Wed Jul 30 2014
Telecom shares have dropped 2.6 per cent, extending their decline from a six-year high, and helping nudge the NZX 50 Index lower.
17:49 Wed Jul 30 2014
Having tumbled from over 88 US cents, the kiwi dollar is holding around 85 US cents pending news on the US economy.
17:42 Wed Jul 30 2014
Having tumbled from over 88 US cents, the kiwi dollar is holding around 85 US cents pending news on the US economy.
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