Business News

Oceans' economic value plunging - report

A new report says the economic value of the world's oceans is eroding fast, due to pollution, ocean acidification, overfishing and a host of other ills.

Abano expects loss of up to $1.9m for year

Abano Healthcare expects to make a full year loss of up to $1.9 million for the year to May, after selling Aotea Pathology for just $1.

Business briefs

A round-up from Radio New Zealand's business reporters, including Mercer Group resignations and Pan Pacific Petroleum investors urged to reject takeover offer.

Consumer confidence on the up - ANZ

ANZ's annual consumer confidence survey suggests that consumer confidence is continuing to rise, with positive sentiment on the up.

Visitor arrivals hit March high

Visitors to New Zealand came in their droves last month, helped by the Cricket World Cup.

Markets Disciplinary Tribunal doubles case load

The NZX has doubled the number of cases it has referred to the Markets Disciplinary Tribunal in the past year.

Business briefs

A round-up from Radio New Zealand's business reporters, including Reserve Bank appointments, GeoOp doubles its licenced users and the sale of 20m Trustpower shares.

Finance Minister admits tough budget ahead

Finance Minister Bill English says the Government's upcoming budget will be the toughest he has had to present.

Xero doubles annual loss to $69.5 million

Xero's share price has tumbled after the company almost doubled its annual loss to $69.5 million, with disappointing progress in North America.

Swift response sought from port company

Auckland councillors and senior legal advisors will meet on Tuesday, in the latest twist in a standoff with its port company. (AUDIO)

Jenny Shipley to lead Oravida board

Dame Jenny Shipley says her appointment as the first independent chair of Oravida is not part of an attempt to improve the company's reputation in New Zealand. (AUDIO)

KiwiSaver safe from creditors

A bankrupt person's KiwiSaver account is now safe from their creditors, thanks to a Court of Appeal ruling.

Jetstar's 'opt-out' pricing under investigation

The Commerce Commission is investigating Jetstar's online booking service that automatically ticks the baggage box.

NZD inches towards parity

After a big jump overnight sparked by events in New York, the Kiwi is again making a move towards parity with the Australian dollar.

Coats Group director resigns

Sir Ron Brierley has stepped down from the board of Coats Group, which was part of the investment company Guinness Peat Group he founded.

Tech firm raises $1m from investors

A Wellington-based tech firm which aims to make life easier for accountants says it has just raised about $1 million from investors. (AUDIO)

Infant formula factory opening delayed

A Chinese infant formula maker says the opening of its factory near Auckland has been delayed because of compliance issues in China.

Low hydro levels no threat

New Zealand electricity companies are cruising into winter relatively unfazed by low water levels in hydro lakes.

Annual inflation close to zero

Cheap petrol has driven down the cost of living in the first three months of the year, pushing the annual inflation rate to a 15-year low.

Services sector shows strong growth

Activity in the services sector has continued to show strong growth in all regions and all sectors.