Uber Eats set to launch into seven new cities this year

Uber is set to expand its food delivery business to seven more New Zealand cities this year, taking its operating cities to 13 by the end of 2020.Elisa Janiec, head of Uber in New Zealand and regional Australia, said the roll out... Source: NZ Herald Business News

By | February 19th, 2020|Business|0 Comments

Vital Healthcare's first-half profit climbs 22.2%

Vital Healthcare Property Trust's manager said first-half net profit rose 22.2 per cent and normalised distributable income was up 14.6 per cent as the value of its properties increased, rents rose and interest costs fell.Vital's... Source: NZ Herald Business News

By | February 19th, 2020|Business|0 Comments

NZ shares rise as Fletcher, Spark earnings settle investors

New Zealand shares rose as first-half earnings reports from Fletcher Building and Spark New Zealand brought confidence to investors.The S&P/NZX 50 Index increased 45.19 points, or 0.4 per cent, to 11,981.03. Within the index, 19... Source: NZ Herald Business News

By | February 19th, 2020|Business|0 Comments

NZ dollar falls as coronavirus impact on global economy sinks in

The New Zealand dollar fell further as the coronavirus's dramatic impact on China's economy ripples out to the rest of the world.The kiwi was trading at 63.95 US cents at 5pm in Wellington from 64.12 cents at the same time yesterday.... Source: NZ Herald Business News

By | February 19th, 2020|Business|0 Comments

Worker lost three fingers: Concrete firm fined $230,000

A concrete company has been fined $230,000 after a worker who slipped while using a saw severed three fingers in a horror workplace accident.The employee was working alone in an manhole in ankle-deep water when the saw kicked back.His... Source: NZ Herald Business News

By | February 19th, 2020|Business|0 Comments

'Dishonest, unscrupulous' Allan Hawkins banned as director

Convicted fraudster and 1980s high-flyer Allan Hawkins has been banned from any management role in a company for eight years.The order by district court judge Brooke Gibson was sought by the Commerce Commission, which had wanted... Source: NZ Herald Business News

By | February 19th, 2020|Business|0 Comments

Forestry company ordered to pay $100,000 to pair for terrifying ordeal

By Sarah Curtis of the Gisborne Herald A forest company must pay a Tolaga Bay couple $50,000 each after a terrifying night they spent marooned on their roof amid rising floodwaters laden with forestry debris.Aratu Forestry Limited,... Source: NZ Herald Business News

By | February 18th, 2020|Business|0 Comments

NZ banks snap growth phase with 1 per cent profit fall to $5.71 billion

Profits across the New Zealand banking sector fell slightly last year reversing a trend of strong profit growth seen in previous years.Figures from KPMG's Financial Institutions Performance Survey for 2019 show bank profits fell... Source: NZ Herald Business News

By | February 18th, 2020|Business|0 Comments

Generator that creates electricity 'out of thin air' could be used to power phones

A new method for generating electricity means that pretty soon you may never have to charge your phone again.While wireless charging pads that use electromagnetic induction to charge your phone or other devices mean you no longer... Source: NZ Herald Business News

By | February 18th, 2020|Business|0 Comments

NZ shares rise as Heartland posts strong result

New Zealand shares rose as the local earnings season continued with investors heartened by a strong result from Heartland Group Holdings.The S&P/NZX 50 Index rose 61.86 points, or 0.5 per cent, to 11,935.84. Within the index, 32... Source: NZ Herald Business News

By | February 18th, 2020|Business|0 Comments