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Theo Spierings' Fonterra payout slammed
Former Fonterra chief executive Theo Spierings is under fire for receiving a $4.6 million payout when he left the company last year.
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Sky TV bets big on rugby with $62m streaming service purchase
The pay television operator is purchasing RugbyPass for $US40m.
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Michael Hill International posts $17m profit
The jewellery retailer's result is up $15.8m on the previous year.
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Alliance upgrading Timaru meat processing plant
Alliance is spending $1.2 million on installing extra vacuum packaging, co-products processing technology and extending its secondary processing area at the…
Business headlines with summaries.
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Share market tumbles as US recession fears grow
New Zealand's share market has opened sharply lower, falling 1 percent after Wall Street closed down 3 percent on recession fears.
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'Inland port' set to have cargo trains from Tauranga
Tainui Group Holdings and the Port of Tauranga have announced a rail partnership at the proposed Ruakura Inland Port near Hamilton.
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Today's business news: What you need to know
In today's business news - Heartland Bank posts a $73.6m profit and SkyCity has applied to liquidate a Chinese-based theatre production company.
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Court approves investors' claim against ANZ Bank
A group of investors in the failed Ross Asset Management company have been given court approval to pursue a multi-million dollar claim against the ANZ Bank.
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NZ CEOs expect muted revenue growth in near term
Financial market volatility, trade disputes and fears of an economic slowdown are taking their toll on the mood of local business leaders.
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SkyCity holds steady in changing times
SkyCity reported a profit of $144.6 million for the year ended June, down $25m on the previous year.
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Strong house sales growth across country led by Auckland
July house sales rose to the highest number for the month in three years, led by a strong increase in Auckland.
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PGG Wrightson's profits up to $132m after sale of seeds business
The country's biggest rural services company PGG Wrightson has reported a sharply higher profit on the back of the sale of a large part of its business.
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Dairy NZ wants greenhouse gas emissions decided farm by farm
The organisation would rather greenhouse gas emissions from agriculture must be decided farm by farm by farm, not imposed centrally by the Emissions Trading Scheme.
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Yield curves, fear indexes - the drivers of market mayhem
Economists went into panic mode today over the 'inverted yield curve' - RNZ Business editor Gyles Beckford explains what it is and why they're worried.
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Worker's hand trapped in sausage casing machine
A company has been fined more than $200,000 after a worker had their hand trapped in a sausage casing machine for more than 20 minutes.
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Mainzeal chairman faces bankruptcy over failure to pay damages
The liquidators of the failed construction company Mainzeal are threatening to bankrupt its chairman unless he pays $18 million in the next month.
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Property fluctuations drive Summerset Group profits dip
Retirement village operator Summerset Group's half-year profit has fallen slightly on changes in property values, as it moved to get established in Australia.
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Fonterra forecasts up to $675m loss for year
Dairy giant Fonterra is forecasting another big loss as it writes down the value of underperforming overseas assets.
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Sale of two businesses helps Contact lift profit
The power company has more than doubled its net profit for the year after some cost cutting and the shedding two of its businesses.
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Waikato gets $1.5m boost from PGF
The Waikato region has benefited from the Provincial Growth Fund by nearly $1.5 million which was announced today in Hamilton.
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Aethon Infrastructure goes into receivership
The major Christchurch infrastructure company does a lot of work at schools and in prisons.
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AMP proposes lower-value life insurance sale, eyes NZ divestment
Australian-owned financial giant AMP has revised the sale of its life insurance business and is asking investors for more cash after slumping to a A$2.3 billion half year loss.
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T&G Global turn a profit despite challenging first half
Vegetable and fruit growers T&G Global has turned a profit despite challenging conditions with adverse weather reducing the volume and quality of its produce.
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Cloud Ocean Water stops production
Overseas-owned water bottling company Cloud Ocean Water has stopped production and will mothball its two production lines, amid disappointing sales into China.
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NZ sharemarket gains after Wall Street rebound
The New Zealand sharemarket opened higher Wednesday in the wake of a rebound on Wall Street after a trade fear-fuelled sell off on Tuesday (NZ time).
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Fonterra fails to find a buyer for Beingmate
The dairy co-operative is cutting its stake in the Chinese infant formula manufacturer Beingmate after failing to find a buyer for the whole stake.
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ASB reports $1.27b net profit for the year
The profit for country's number three retail bank has risen eight percent on last year.
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NZ dollar slumps after RBNZ cuts OCR to 1 percent
The Reserve Bank has slashed its benchmark interest rate by a greater than expected half a percent in the face of significant headwinds at home and abroad, sending the New Zealand dollar plunging.
