Stories by Gyles Beckford
News
Spark first half profit jumps due to IT services and mobile
The telecommunications company, Spark, has reported a near 13 percent rise in its first half profit on the back of a lift in mobile earnings and IT services.
A2 Milk first-half profit skyrockets on booming sales
The speciality infant formula and milk products company, a2 Milk, has nearly quadrupled its first-half profit on the back of booming sales in China and Australia.
Canadian company offers $197m for Tower Insurance
A Canadian insurance and investment company has made a bid for troubled local insurer Tower.
Reserve Bank holds OCR at 1.75%
The Reserve Bank has held its benchmark interest rate at a record low and signaled the next move will not be for some time.
Spark makes takeover offer for TeamTalk
Telecommunications company Spark has made an offer to buy out market minnow TeamTalk.
Reserve Bank Governor to step down in September
Reserve Bank Governor Graeme Wheeler will not seek a second term and will step down from the role in September.
Doubt over second term for Reserve Bank Governor
An announcement is expected soon on whether Graeme Wheeler will serve a second five-year term.
Record immigration keeps unemployment, wages low
The unemployment rate is expected to fall to an eight-year low, but wage rises will be subdued in official numbers due out this week.
NZ economy seen leading the pack again
The Australian economist who gave New Zealand the rock star economy tag several years ago is reviving the label. Video
Tenon looking to sell last remaining asset
Wood products company Tenon is facing the possible sale of its last remaining asset and is winding up its business.
KiwiSaver provider designing its own ethical investment fund
One of the country's biggest KiwiSaver providers, Kiwi Wealth, has decided to build its own ethical and responsible investment fund. Audio
Mortgage rates likely to rise after US Fed moves
New Zealand borrowers are set to pay higher interest rates as a result of moves in the United States.
Amazon Prime streaming service launches in NZ
The local pay-to-view market has just got more crowded with the arrival of Amazon's Prime service.
Federal Reserve delivers rate rise
The United States Federal Reserve has raised its benchmark interest rate for the first time in a year to counter strengthening inflation pressures.
Plastics manufacturer Sistema sold for $660 million
The maker of the well-known Klip It kitchen containers, Sistema, has been sold to an American company.
Financial markets bounce back after Key resignation
Financial markets have quickly put the shock resignation of Prime Minister behind them and want a peaceful, business-as-usual transition to a new government leadership team.
Genesis buys out NZ Oil and Gas Kupe field stake
The country's biggest retail power company Genesis Energy has increased its stake in the Kupe oil and gas field.
Christchurch hotels Ibis and Novotel sell to foreign buyer for $43m
Two of Christchurch's largest hotels have been sold as their American owners have quit the country.
First shops closed, jobs axed at Pumpkin Patch
The receivers of the troubled children's clothing retailer Pumpkin Patch will shut seven stores in the next week.
Inflation picked to lift
Inflation is likely to have hit its low point and will pick up pace going into next year.
Govt moves to force annual KiwiSaver feedback
KiwiSaver providers will be forced to give more information about what fees they are being charged and how much their nest egg will be worth when they retire.
Cruise season kicks off in Auckland
The cruising season gets underway today with the arrival of the Celebrity Solstice in Auckland.
Hallenstein Glasson annual profit drops 21 percent
Clothing retailer Hallenstein Glasson has reported a 21 percent fall in its annual profit.
Arvida buying three villages for $66m
Aged care company Arvida is to buy three established retirement villages as it looks for growth in earnings.
Reserve Bank likely to hold the line on OCR
The Reserve Bank looks set to sit on the sidelines when it reviews its official cash rate (OCR) on Thursday. Audio