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Key admits defeat before even selling Genesis - Cunliffe

John Key has given up on the Genesis sale before it has even begun by saying he may only be able to sell 30 per cent of the state asset, Labour Leader David Cunliffe says.

Nokia nets two Global Mobile Awards

Nokia snagged two awards at the GSMA Global Mobile Award ceremony at Mobile World Congress 2014 today, including a win for "Best Entry Level or Featurephone", underlining Nokia's leadership in affordable mobile phones and its ongoing commitment to connecting the Next Billion.

Should agribusinesses fix their interest rates?

Recent low interest rates have encouraged some agribusiness owners to fix their rates, but that can be a mistake, says Hayden Dillon, Managing Principal, Waikato, for Crowe Horwath.

Good move by local government - BusinessNZ

A local government initiative to foster business friendly councils has been welcomed by BusinessNZ. Local Government NZ has produced guidelines for councils to help them work better with local businesses.

LiveOps opens tech hub in New Zealand

LiveOps Inc., the global leader in cloud contact entre and customer service solutions, today opened a new global development hub to help drive corporate product development and to better serve its rapidly growing regional customer base.

Guide to what happens to bank accounts after death released

The Banking Ombudsman Scheme has published a new Quick Guide explaining why people may not be able to get information they think they are entitled to about a deceased customer’s bank account from the bank.

SKY announces retail bond offer

SKY Network Television Limited ("SKY") today announced that it has registered its Simplified Disclosure Prospectus ("SDP") for its offer of up to NZ$100 million of unsecured unsubordinated fixed rate bonds ("Bonds") to the New Zealand public.

Kiwibank announces six month profit of $52m

Kiwibank has declared a profit of $52 million after tax for the six months ended December 31, 2013. This compares with the record profit after tax of $58 million for the same period in 2012 and $38 million in 2011.

NZ business owners look to staff for successors

New Zealand business owners are ranked among the highest in the world in their desire to have existing staff to buy their businesses.

Chorus reports NPAT of $78m

Chorus Limited has today reported a net profit after tax (NPAT) of $78 million and earnings before interest, tax, depreciation and amortisation (EBITDA) of $329 million for the six months ended 31 December 2013.

New forestry sector injury prevention initiative announced

ACC announced today that work has begun developing a new injury prevention programme, aimed at encouraging safer practices in the forestry sector.

Commission confirms Countdown investigation

The Commerce Commission has confirmed it is formally investigating the allegations of anti-competitive behavior towards suppliers by Countdown.

Capital goods prices up 0.5 percent

In the December 2013 quarter, the price of purchasing new capital items rose 0.5 percent, Statistics New Zealand said today. Four of six asset groups measured by the capital goods price index (CGPI) rose. The major upward contributions to the CGPI came from:

Port of Tauranga reports NPAT of $39.3 million

Port of Tauranga (NZX.POT), New Zealand’s largest port, today reported good progress reinforcing its position as New Zealand’s pre-eminent freight gateway and a financial result for the six months to 31 December 2013 in line with the same period in the prior year.

Auckland Airport underlying profit up 13.9%

Auckland Airport has today announced its interim results for the six months to 31 December 2013. Total profit after tax was up 11.7% to $85.9 million, while underlying profit after tax increased by 13.9% to $86.7 million.

PEPANZ announces resignation of CEO David Robinson

"The Petroleum Exploration and Production Association NZ regrettably announce the resignation of its CEO, David Robinson," PEPANZ Chairman, Paul Moore said today. Mr Robinson’s resignation will be effective from May 17 2014.

Online vacancies return to pre-recession levels

January 2014 featured the strongest growth in online job vacancies in four and a half years and has now reached pre-recession levels, the Ministry of Business, Innovation and Employment’s latest Jobs Online report reveals.

Foreign Super tax amnesty announced

By Rebecca Armour - KPMG Tax Director

Ryan Watkins grabs GM role at GrabOne

Ryan Watkins has been appointed General Manager at GrabOne. He takes over from Vaughan Magnusson who was in the role for a year and has stepped down to pursue other opportunities.

JUCY to expand Australian operations

JUCY is starting 2014 with a bang in Australia, where the global tourism company is moving ahead with plans to massively expand Australian operations to include new branches, major renovations and the introduction of cars to its existing fleet of campervans.

Air NZ Airpoints membership reaches 1.5 million

Air New Zealand’s Airpoints programme continues to go from strength to strength with the number of members now surpassing 1.5 million globally.

Investor relations app a first for NZX listed companies

EBOS, Australasia’s largest diversified distributor of healthcare and animal care products will be breaking new ground with the delivery of its half year results next week with an NZX linked iPad app.

Positive start to the year for the services sector

Activity in the services sector continued its march upwards with some levels of activity not seen since 2007, according to the BNZ - BusinessNZ Performance of Services Index (PSI).

Fletcher Building to sell Pacific Steel

Fletcher Building Limited today announced it has entered into a conditional agreement to sell the downstream long-products rolling and marketing operations of Pacific Steel Group (Pacific Steel) to BlueScope Steel Limited (BlueScope) in a transaction valued at approximately NZ$120 million.

Food prices rise 1.2 percent in January

Food prices rose 1.2 percent in January 2014, and were up 0.9 percent on a year earlier, Statistics New Zealand said today.

Support for Kiwi enterprises tackling social challenges

Today Contact Energy announced a partnership with Hikurangi Foundation, a leading social enterprise foundation, and their newly introduced social enterprise accelerator pilot.

BNZ Daily Markets Wrap and Strategy

NZD The NZD has crept a little higher to sit around 0.8340 this morning.

ComCom assessing allegations against Countdown

The Commerce Commission has confirmed that it has received a written complaint outlining concerns of alleged anti-competitive behaviour by Countdown towards their suppliers.

Turners Auctions revenues up 14%

Turners Auctions Limited (NZX: TUA) has delivered a strong result for the financial year ended 31 December 2013, with revenues increasing 14% to $89.2 million and a Net Profit After Tax of $4.8 million, also up 14% on the previous year.

Airport review 'had led to a greater understanding'

The Commerce Commission’s report on Christchurch Airport is the final step in a process that was key to establishing an effective information disclosure regime, says the New Zealand Airports Association.

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