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Coronavirus outbreak to cost airlines $46bn
Airlines stand to lose $46 billion of revenue this year due to the coronavirus outbreak, the global airline industry body has warned.
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Generate hack victim: 'For the rest of my life I have to worry'
One of the thousands of Generate KiwiSaver customers whose personal information was stolen in a hack is considering seeking compensation through legal action.
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Kiwibank profit falls, NZ Post records big pre-Christmas rise
Kiwibank's first half profit is down on flat revenue growth and increased costs, while NZ Post recorded a four-fold rise in the six months to December.
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Toy firms face legal action over choking risks to children
A string of toy companies are facing legal action for selling unsafe toys that pose choking hazards for young children.
Business headlines with summaries.
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Fisher & Paykel Healthcare profit forecast up amid coronavirus outbreak
The healthcare appliance manufacturer has upped its profit forecasts for the third time this year, with increased sales off the back of the coronavirus.
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Genesis Energy profit falls after lower hydro supply and gas shortage
Power company Genesis Energy has taken a significant financial hit and lowered its guidance, because of lower hydro generation and gas shortages.
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NZX finishes day on record high
The NZX Top 50 Index closed on 12,065 points on Thursday - it's the first time it has exceeded 12,000
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OMV comes up dry in Great South Basin
Drilling for oil and gas in deep seas off the south east of the South Island has turned up no significant find for the Austrian-based oil giant.
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Qantas cutting some trans-Tasman flights
The Australian national airline said it is because of the expected fall in business from the coronavirus.
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NZX follows US stocks to record high after coronavirus stimulus hopes
The New Zealand stock market has shot up in early trading to a record high, above the 12,000-point mark.
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Ebos reserves $AU350m for aquisitions as sales lift profits 22%
Healthcare and animal products company Ebos has posted a strong rise in first-half profit on sales gains across most of its businesses.
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Auckland Airport reports flat profit, plans upgrades
Auckland Airport has reported a flat first-half result, and plans to bring forward the billion-dollar redevelopment of its domestic terminal, and upgrade the international arrivals hall.
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Precinct Properties profits up after withholding payment to Fletcher
Precinct's net profit rose to $53.6 million for the six months ended December, from increased rental revenue of $77.8m.
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Trucking firms urged to keep staff, assets amid coronavirus downturn
Trucking firms are likely to feel the squeeze from coronavirus' impact on the economy, but they're being urged to hold on to staff for as long as possible.
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Ban on win-backs may help lower prices - electricity boss
The Electricity Authority says the ban on power companies offering better deals to customers who want to switch should bring down power prices. Audio
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Vineyard trialling native plants as herbicide alternative
A commercial vineyard is investigating planting native plants and cover crops under vines as an alternative to spraying herbicides on the area.
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Fletcher's net profit down 8% but firm maintains full-year forecast
Fletcher Building is hopeful the Ihumātao land dispute can be resolved soon but says it cannot hold off indefinitely.
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Smart numbers: Data sales drive Spark's $167m profit
The telecommunications company Spark has made a larger profit off a big boost in mobile sales.
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Z Energy introduces carbon offsetting for motorists when they fuel up
Motorists are now able to offset their carbon emissions when they fuel up at Z Energy stations. It's likely to cost about $4.30 to fully offset a 50 litre tank.
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Bank sector profits down 1 percent to $5.7b
KPMG's annual banking sector report showed growth in lending, while margins were squeezed slightly, costs rose markedly, and bad debts edged up.
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What is a congestion charge?
The charge is a sort of toll that motorists have to pay for using busy roads at peak times, such as during rush hour before or after work on week days.
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Former high-flyer banned over loan company's ruthless repossessions
A father-son duo have been banned from being directors, or involved in the management of a company in any way, after their loan company was found to have engaged in ruthless and illegal operations.
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Coronavirus: How it is affecting the global economy
Covid-19 has hit tech giants Apple and Alibaba's revenue, caused havoc within Dubai's hospitality industry and caused a drop in demand for diamonds and bananas.
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Impact of drought, coronavirus could lead to recession - economist
Drought combined with the Covid-19 coronavirus and even the South Island flooding might knock economic growth enough to cause a modest recession.
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House price increases break new yearly records, regions most affected
House prices in Southland have increased nearly 30 percent on last year, REINZ says, amid the busiest January for the property market in four years.
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Heartland Group net profits up 20 percent in year
Financial services company Heartland Bank has reported a solid lift in its first-half profit driven by increased lending despite a squeeze on margins and rising costs.
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Holden to 'retire' its car brand by 2021
The Holden car brand is being axed after decades making and selling cars such as the Commodore, Astra and Barina. Audio
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Trustpower cuts earning expectations
The Tauranga-based power company Trustpower has cut its earnings expectations by as much as 14 percent because of lower power prices and pressure on margins. Audio
