Business News

NZ Super Fund suspends Milford Asset Management

The NZ Super Fund has suspended Milford Asset Management as one of its fund managers until the completion of an investigation by the FMA.

Europe's quota lift hits dairy prices

An economist believes dairy prices could remain weak over the coming months, as Europe lifts quotas on how much milk their farmers can produce.

Spark sells another non-core asset

Spark has sold another one of its international businesses, as part of a strategy to focus on its New Zealand operations.

Business Briefs

A round-up from Radio New Zealand's business reporters - Chatham Rock Phosphate to list in Toronto; Evolve Education buys more early childhood centres.

Price fall 'adds to the pain'

Some frustrated farmers are considering leaving Fonterra after auction prices fell for the second time in a fortnight, the Fonterra Shareholders Council says. (VIDEO)

Kiwi Property portfolio value rises

The overall value of Kiwi Property Group's portfolio has risen by $57 million in the past year, largely due to the strength of Auckland's property market. (AUDIO)

House asking prices reach new record

Asking prices for homes continue to climb.

Diligent appoints new CEO

Diligent founder Alex Sodi is stepping aside as the company leader to make room for Brian Stafford, who takes over as president and chief executive, effective today. (AUDIO)

Business Briefs

Burger Fuel opens new Kuwait restaurant

Building consents fall again

An economist said another fall in the number of new building consents was evidence not enough land had being opened up for new housing in Auckland. (AUDIO)

Motor Trade Finance appeal dismissed

Motor Trade Finance and Sportzone Motorcycles' appeal has been dismissed by the Court of Appeal.

Business briefs

A round-up from Radio New Zealand's business reporters - including Xero doubles Australia customers, and Acting CEO for Kirkcaldie and Stains appointed.

Log transport business into administration

A long-standing log transport business at the top of the South Island has gone into voluntary adminstration because of tough trading conditions and cash flow problems.

Energy companies grit teeth

Energy companies are gritting their teeth and pressing on with the search for oil, despite tricky conditions forcing them to work hard to be be profitable. (AUDIO)

NZD makes gain against Aussie currency

The New Zealand dollar has reached another record by making a post-float high of 98 Australian cents for the first time.

Synlait sink into the red

Shares in Synlait Milk took a tumble after the South Island dairy company posted a half year loss and slashed its full year profit guidance.

Low oil prices impacting exploration - expert

There are concerns that international competition, geopolitical risks and low oil prices could have an impact on future investment.

Business briefs

A round-up from Radio New Zealand's business reporters - including Public sector performance to be discussed, Chinese business leaders visit Wellington

Airport pushes on with runway planning

Wellington Airport says it is moving ahead with plans to extend its runway and the capital could begin receiving large international aircraft within four years or so.

Firms spend more on research and development

Businesses are spending more on research and development, with growth being led by computer services.