Business

Business stories

Pernod Ricard’s Millstream records loss

Auckland Pernod Ricard's New Zealand arm recorded a loss in 2017 after it booked a $150 million goodwill impairment. The liquor group's Millstream Equities posted a...

Increased coal royalties keep Queensland in black

Brisbane New Queensland Treasurer Jackie Trad has predicted a State budget surplus more than three times what was posted in the June budget, almost entirely...

Apple files long-range wireless charger patent

Los Angeles Apple has filed a patent application for what appears to be a system that could one day charge cellphones from across the room. The...

House listings low, prices high

Wellington The average cost of a house is at a record high but the number of listings has dropped to a record low. Statistics from realestate.co.nz...

Show me the money

Wellington Nearly $1 billion in notes has been destroyed in 2017 as New Zealand's old bank notes are taken out of circulation. Hundreds of millions of...

Delay fees not far off: freight industry

Christchurch Customers could pick up the bill for the amount of time trucks are sitting idle at the Ports of Auckland as they wait to...

GEA Milfos faces court over cartel conduct

Tina Morrison Wellington The Commerce Commission is taking court action against GEA Milfos International, alleging the milk testing technology company engaged in cartel pricing with rival...

HNA ownership cloud led OIO to rejection

Wellington The Overseas Investment Office has rejected HNA Group's application to buy ANZ Bank-owned UDC Finance for $660 million over unanswered questions about the Chinese...

Digger caused Marsden pipe rupture: report

Auckland The Marsden pipeline burst in September because it was scraped by a digger and could no longer take the pressure from fuel flowing through...

Foreign ownership view challenged

Sally Rae The argument that foreign ownership is "bad" for New Zealand, or there is a free-for-all occurring, lacks robust evidence, an ANZ report on...
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