Business News

Business Briefs

A round-up from Radio New Zealand's business reporters: Consumer confidence eases, Ryman Healthcare lifts profit, Commission questions airport's margins and Serko reports loss.

Economy to grow average 2.8% a year

The economy is expected to grow at an average of 2.8 percent a year over the next four years, Bill English said in delivering his seventh Budget today.

Business Briefs

A round-up from Radio New Zealand's business reporters: key hires for Tourism New Zealand and Giesen Wines, and Pan Pacific Petroleum seeks offers for its assets, including the Tui oil field.

Crystal-maker Rakon returns to profitability

Crystal timing device manufacturer Rakon has returned the company to profitability, following a period of restructuring and asset sales. (AUDIO)

Property trust posts record profit

Property developer Goodman Property Trust has lifted its annual profit by a third, to $179.7 million in the year to March.

Business Briefs

A round-up from Radio New Zealand's business reporters: Kiwi Property Group on track; TruScreen's eyes on China; BusinessNZ's Phil O'Reilly to resign.

Dairy prices sink further

Prices have fallen again the latest fortnightly global dairy trade auction, but the rate at which they are slipping is beginning to ease. (AUDIO, COMMENTS)

Producer prices fall due to lower fuel prices

Producer prices have continued to fall due to lower fuel and dairy prices.

Slight dip in job ads in April

Demand in the labour market remains steady.

Infratil almost doubles annual profit

Wellington based, Infratil, has almost doubled its annual profit, boosted by the sale of its Australian energy business.

Rio Tinto revives sales plan - report

Rio Tinto has reportedly revived plans to sell some of its aluminium assets, including the Tiwai Point smelter in Southland. (AUDIO)

Kiwi Property issues shares to raise $150 million

Kiwi Property Group is issuing new shares as part of a $150 million capital raising.

Service sector keeps growing

The services sector continues to show expansion, despite a small dip last month.

Business Briefs

A round-up from Radio New Zealand's business reporters; New chief for NZX Funds Management , Closer ties for Air NZ, Tourism New Zealand and Mad Group launches in US and Wynyard expects revenues to rise.

Xero takes NZ's top tech award - again

Software accounting firm Xero has been crowned hi-tech company of the year for the second time in three years.

Makeover for 100% Pure campaign

Tourism New Zealand has rebooted its 100% Pure campaign to promote the country to travellers overseas.

F&P Healthcare wins industry award

Fisher & Paykel Healthcare has had a good week winning top prizes at the Institute of Financial Professionals' awards in Auckland last night.

Manufacturing sector slows

Activity in the manufacturing sector has eased, but economists believe it is too soon to tell whether it reflects weakness in the economy, or the impact of holidays.

Surge in retail sales

The first three months of the year have been a boom time for retailers according to latest figures.

CHH could list by July

Wood products company, Carter Holt Harvey, could list on Australasian stock markets as early as July, after formally announcing it is considering a share float.

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