Business News

Precinct Properties has sold a building in Auckland's Queen Street to Robert Jones Holdings.

Queen St property sells for $97m

Precinct Properties has sold a building in Auckland's Queen Street to Robert Jones Holdings for $97 million - nearly $1.5 million more than its June book value. (AUDIO)

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Infrastructure confidence eases

The outlook for the infrastructure and building industry points to an easing of investor confidence as the challenges posed by skills and material shortages moderates enthusiasm. (AUDIO)

auckland airport arrivals

Economy lures work-seekers to NZ

The number of people moving to New Zealand or staying long-term has hit an all time high for the third month in a row, as a fast-growing economy attracts people looking for work.

Promotional material for clothing and outdoor supplies company Kathmandu

Kathmandu 'best-placed for online'

Forsyth Barr analyst Chelsea Leadbetter believes Kathmandu is the best-placed of the listed retailers to benefit from the shift in retail sales online.

markets bull and bear

Dollar up but market starts week lower

The New Zealand dollar rose against the currencies of all its major trading partners today, but the local sharemarket shed 24 points to finish the day at 5472.

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Business briefs

A round-up from Radio New Zealand's business reporters featuring Precinct Properties selling SAP Tower, Acurity Health lists profit and Ligno using distillers grains as feedstock.

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Netflix facing crowded market

Even though it is a global leader, Netflix will be very much a Johnny-come-lately when it launches its internet based movie and television subscription service here in March.

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Warehouse strives for digital dominance

The Warehouse Group is aiming to become the number one multichannel and digital retailer in New Zealand, as fast moving technology changes the face of retailing.

Xi Jinping and his wife Peng Liyuan as they arrived at Auckland International Airport.

Multimillion-dollar deals with China

Millions of dollars of deals in dairying, telecommunications and food research have been announced during the Chinese President Xi Jingping's visit to New Zealand.

Franklin Local Board chairman Andy Baker, Ryman Healthcare managing director Simon Challies and Ryman regional construction manager David Gibson at the Valley Rd site.

Ryman posts another record result

Ryman Healthcare has posted another record first-half result and is forecasting its second-half will be even stronger.

Dollar coin

Dollar bounces back, market lower

The New Zealand dollar rebounded today, shaking off the dampening impact of yet another poor global dairy auction this week, while the sharemarket shed 31 points to close at 5496.

money

$800k profit in two months for Metro

Metro Performance Glass has made a net profit of $800,000 in its first two months of operating ended September and has reported sales in the two months of $31.5 million.

dairy farming

Chinese dairy giant to invest in NZ

A major Chinese dairy company has announced plans to invest a further $400 million in New Zealand dairy projects as well as research work with Lincoln University.

dollar man on crutches

F&P expects big demand for health products

Fisher & Paykel Healthcare expects to see a 20-fold increase in the number of patients using its key respiratory and acute care products within 10 years. (AUDIO)

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Xero net loss grows, but revenue up

Xero's first-half net loss widened 50 percent but its revenue jumped 85 percent as the accounting software company continued to invest in growth. (AUDIO)

hospital bed

VHPT eyes more health facilities

Vital Healthcare Property Trust is still on the hunt to buy more properties to add to its portfolio of hospitals and health facilities in Australia and New Zealand. (AUDIO)

Sanford's Timaru processing facility

Sanford eyes tuna business sale

Seafood and aquaculture company Sanford said it was likely to sell its Pacific tuna business after lower prices for skipjack tuna meant its full-year profit came in below expectations.

Money

F&P Healthcare's first half profit rises

Fisher & Paykel Healthcare's first-half net profit rose 10 percent, as the company continues to increase its share of growing key markets.