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Dairy rebound boosts economic growth

Rebounding dairy production drove a 1.4 percent increase in gross domestic product (GDP) for the September 2013 quarter, Statistics New Zealand said today. This increase in GDP is the largest since the December 2009 quarter.

Imports drive larger current account deficit

New Zealand's seasonally adjusted current account deficit was $2.6 billion in the September 2013 quarter, Statistics New Zealand said today. This is a $0.3 billion larger deficit than in the June 2013 quarter, and the largest current account deficit since the December 2008 quarter.

Public perception of the environment 'at a turning point'

Federated Farmers believes the nation’s perception of the environment is at a turning point, looking at the Lincoln lecturer’s Public Perception’s report for 2013.

IAG to acquire Lumley in NZ

Insurance Australia Group Limited (IAG) today announced it had agreed to purchase the insurance underwriting businesses of Wesfarmers Limited. In New Zealand, the acquisition includes the business trading under the Lumley Insurance brand.

Biosecurity agreement 'brings new opportunity for growers'

New Zealand’s commercial fruit and vegetable growers can now contribute as equal partners and decision-makers on biosecurity decisions which have a huge impact on their businesses.

Food prices down 0.2 percent for the month, but up for the year

Food prices fell 0.2 percent in November 2013 but were up 1.4 percent on a year earlier, Statistics New Zealand said today. "Food prices fell in November, with cheaper prices for meat partly countered by higher prices for grocery food and soft drinks," prices manager Chris Pike said.

Merits review judgment 'clarifies disclosure methodologies'

The High Court judgment released last night clarifies some technical aspects of the methodology set by the Commerce Commission to review airport performance and returns.

Trade Me purchases vehicle data experts MotorWeb

Trade Me has entered into an agreement to buy Auckland-based business MotorWeb (motorweb.co.nz) for NZ$19.5m. The deal is conditional but expected to be completed later this month. The transaction is cash funded.

Cooks appoints Norah Barlow to board

Cooks Global Foods (NZX:CGF) announces the appointment of Norah Barlow as an independent director effective January 1, 2014.

Regulatory decisions 'should not be a blood sport'

Chorus has today said the regulatory health check that the Minister of Finance has proposed is essential to protect and balance the interests of consumers while also incentivising investment in New Zealand’s progress.

Auckland needs to step up - Property Council

Auckland Council should follow Wellington’s lead on removing barriers to development to help the city grow.

2.15m people sign up as KiwiSaver continues to grow

Revenue Minister Todd McClay today released the sixth KiwiSaver evaluation annual report which showed continued steady growth for the retirement scheme in the 2012-13 year.

Winter Games NZ posts record economic benefit results

The post-event report by Audi quattro Winter Games NZ 2013 released today shows the event provided a major financial boost for both the Southern Lakes region and New Zealand as a whole.

Positive start to Christmas spending through Paymark

Figures released today by leading payments provider Paymark show spending through the Paymark network over the first seven days of December increased 8.6 per cent on the same time last year, as Kiwi’s gear up for the Christmas rush.

2degrees announces 'Share Everything'

When it comes to talking at length on mobile phones, New Zealanders are trailing behind most nations.

Telecom announces sale of AAPT for A$450 million

Telecom is pleased to announce that it has entered into a binding agreement to sell AAPT for A$450 million to TPG Telecom Limited.

Auckland Taxi Association claims 'false and misleading'

Claims by the Auckland Taxi Association that 50 drivers who have been campaigning for better conditions at Auckland Airport have been sacked are false.

Statistics reinforce resilience of dairy farmers

Despite a severe drought that resulted in a shorter milking season for many of New Zealand’s dairy farmers, milk production only decreased by 1.6% during the 2012/2013 season.

Crown research institutes show small surplus

Crown research institutes’ operating surplus was $24.1 million in the year ended 30 June 2013, StatisticsNew Zealand said today. Their operating surplus was $6.1 million smaller than in the year ended June 2012, when income exceeded spending by $30.2 million.

58 jobs gone in Wellington as Unilever sends work to Aust

At a meeting late today, workers at Unilever’s washing powder factory in Petone were told that their jobs will likely be gone and the factory will close by 2015, says the Engineering, Printing and Manufacturing Union.

NZFC announces new Chief Executive

Patsy Reddy, NZFC Chair, is delighted to announce the appointment of Dave Gibson as the next Chief Executive of the New Zealand Film Commission. He replaces Graeme Mason who recently left the Commission to become CEO of Screen Australia.

Air NZ expands mobile and online technology

Air New Zealand customers travelling on the airline’s services, both domestic and international, can now check in using their smartphones, tablets and online.

Trade deal 'will deliver benefits for both economies'

The Dairy Companies Association of New Zealand (DCANZ) commends the New Zealand and Taiwanese Governments on the implementation of the Economic Cooperation Agreement between New Zealand and Taiwan.

Newmarket hopes for strong Christmas trade

Newmarket Business Association Chief Executive, Ashley Church, is hoping that this year’s Christmas trade will kick off the long-awaited retail boom.

Mike Pero Real Estate to continue with Trade Me

While some real estate outlets across New Zealand have decided to boycott TradeMe, Mike Pero Real Estate will continue to use the online site, chief executive Mike Pero says.

'Strong vote of confidence' for Ballance

Following a record rebate and dividend of $65 per tonne, Ballance Agri-Nutrients has been given a strong vote of confidence by farmers with a significant increase in shareholder applications compared with the same time last year.

New CE named for Capacity

Capacity Infrastructure Services’ new chief executive has been named. He is Colin Crampton, 51, of Wellington.

Household spending just outpaced income in 2013

Household income was $122.4 billion (up 1.8 percent) while household spending was $123.3 billion (up 2.9 percent) in the March 2013 year, Statistics New Zealand said today.

Household expenditure and income increases

Increased spending on food, transport, and housing and household utilities means Kiwi households are spending more now than three years ago, Statistics New Zealand said today.

More than half of Kiwis feeling financially stressed

While 90 per cent of Kiwis will hit the shops to purchase gifts this Christmas, the additional outlay will leave more than half the population (51 per cent) feeling some financial stress over the holiday period.

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