Business News

NZ dollar falls after OCR decision

The New Zealand dollar fell to its lowest level against the US dollar in nearly four years after the Reserve Bank opened the door to possible interest rate cuts. (AUDIO)

Apple posts biggest quarterly profit in history

US technology giant Apple has reported the biggest quarterly profit ever made by a public company.

Briscoe Group lifts quarter sales

Briscoe Group has lifted fourth quarter sales 2.92 percent, taking the annual increase to 4.86 percent, and says gross profit margins will be comfortably ahead of the previous year.

Business Briefs

A round-up from Radio New Zealand's business reporters: Westpac to sell some Pacific Island operations; Finzsoft takeover offer; Spark's Maury Leyland resigns.

Export value dropped in December

New Zealand posted a trade deficit of $159 million last month as the value of exports fell and imports climbed.

Yeastie Boys crowdfunds expansion

Craftbrewer Yeastie Boys has raised just over half a million dollars by selling a 12.5 percent stake in the company. (AUDIO)

NZX and FMA sign MOU

The Financial Markets Authority and the NZX have signed a memorandum of understanding that sets out how they will work together. (AUDIO)

New Zealand shares rise for fourth day

New Zealand shares rose again for a fourth day, the benchmark Top 50 Index reaching yet another record at 5795 points.

Business Briefs

A round-up from Radio New Zealand's business reporters: BurgerFuel expands in UAE; changes at A2 Milk Company; latest results for British economy.

Heartland NZ lifts profit forecast

Heartland NZ expects its first-half net profit to come in at $23-24 million and has again raised its forecast for its annual profit.

Spark takes next step to improve fortunes

Phone retailer Spark is about to take the next step in improving its fortunes in the competitive telecommunications market. (AUDIO)

'More can be extracted from Kupe field'

New Zealand Oil and Gas says early results indicate that more can be extracted from the Kupe gas and oil field.

F&P Healthcare likely to raise dividend payout

Fisher & Paykel Healthcare's recent strong performance has lead to lower gearing and a likely increase in dividends.

NZ dollar continues to hover at three-year lows

The New Zealand dollar has continued to hover at three-year lows against its American counterpart - the currency fell as low as 73.94 US cents early today.

Investment analyst: 'Hang on to your hats'

The New Zealand dollar is at a three-year low against the US dollar, trading as low as 73.94 and the forecast is for more volatility. (AUDIO)

One of Spark's top executives calls it quits

Spark's head of its Home, Mobile and Business service Chris Quin has announced that he will leave the company in June.

Pacific Brands loses another senior exec

The troubled Pacific Brands Group has lost another senior executive -head of its underwear division Anthony Heraghty.

Business Briefs

A round-up from Radio New Zealand's business reporters: Today, Mattel has removed Bryan Stockton as chief exec and Tait Communications wins New York contract.

Property market heating up again

Leading indicators suggest the housing market is heating up yet again, according to the Bank of New Zealand.

Glass processor's future bright - Craigs

Broking firm Craigs Investment Partners has kicked off its coverage of Metro Performance Glass with a 'buy' recommendation.