Stories by Gyles Beckford
News
Country short of hotels as tourism booms
A shortage of hotels and motels is posing a threat to the tourism boom, a commercial real estate company says.
House price growth slows to average 6% in August
The growth in house prices slowed last month to a national median of $492,000 but the Auckland market remained at record levels.
Strong economic numbers expected this week
Data being released this week is expected to show New Zealand's economy growing strongly in the June quarter. Audio
NZ shares and currency storming higher
A surge on New Zealand's financial markets has driven the dollar to a 16-month high and the local sharemarket to new records.
Air NZ cashes in as passenger numbers soar, fuel cost plummets
Booming passenger numbers and cheaper fuel have powered Air New Zealand to a record annual profit - and its staff to $2500 bonuses.
SkyCity profit leaps off back of high-rollers
SkyCity's full-year profit has jumped 13 percent, driven by growth in its Auckland casino and international high-rollers business.
Fairfax to launch ISP called Stuff Fibre
Media company Fairfax New Zealand is to launch a new internet service provider (ISP) business.
Suncorp NZ aims for double digit growth but quake claims drag on
Insurance company Suncorp is banking on 12 percent growth in operating earnings in the coming year as it keeps stripping out costs, chases home and motor business, and struggles to settle lingering…
FMA guide advises customer-first policy
The Financial Markets Authority says there are many easy steps companies can take to improve the quality of information disclosed to investors.
Ebos looks to buy Aussie pharmacy business
Listed healthcare and animal products company Ebos plans to buy into an Australian pharmacy chain.
KiwiSaver scheme aims for simplicity
A new KiwiSaver provider launched today promising low fees, no profits and a simple product range that it says equals anything else on offer.
Banks still far from feeling pinch - report
The banking sector is showing few signs of feeling any economic headwinds, with profits and growth in assets managing to maintain momentum.
China Construction Bank hands NZ branch $140m
One of China's largest banks is eyeing growth in New Zealand after giving its local branch a substantial capital injection. Audio
Reserve Bank hints at rate cuts, dollar falls
The Reserve Bank is set to cut its cash rate next month to a record low and may deliver further cuts later in the year. Audio
Lean times post-Brexit for Silver Fern Farms
Silver Fern Farms, the country's largest meat processor, has warned it will only break even this year because of a slide in sales and weaker profit margins.
Reserve Bank proposes property investors made to have 40% deposit
The Reserve Bank is proposing property investors nationwide should only be able to borrow from banks if they have a 40 percent deposit.
Surprise RBNZ move hints at interest rate cut
Surprise moves from Central Banks in New Zealand and Britain have raised expectations of interest rate cuts next month.
Fab time to list for skincare firm
The skincare products and treatment company which runs the Caci clinics looks to strengthen and expand ahead of a likely sharemarket listing.
In or Out? What a Brexit vote might mean for NZ
ANALYSIS: Whether Britain should remain in the EU has been one of the most divisive political issues for that country in a generation, but what could it mean for NZ?
Business Budget wishlist 'relatively modest'
The government's annual Budget is released this Thursday and expectations have already been largely shaped by a plethora of pre-budget announcements.
Hot property market fuels investment returns
The strength of the property market is not just confined to houses, with demand for commercial, industrial, hotel and retail properties at unprecedented levels.
Should 'used' houses be kept for those in NZ?
An Auckland-based financial services firm is suggesting non-residents be restricted to buying only new houses. Audio
Business confidence rocked by global volatility
Business confidence has fallen sharply as financial market turbulence and fears of slower world growth have dented sentiment.
Consumer prices rise 0.3 percent
Inflation data has sparked no big surprises with another low figure recorded.
New Auckland housing rules come into effect
New rules aimed at taking some of the heat out of the Auckland housing market come into force today.