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SFO passes on more than 90% of complaints, says function isnt compromised by lean budget Read more »

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Postie Plus plans to sell SchoolTex unit for $9 million to reduce debt, invest in core business Read more »

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Dec. 5 (BusinessDesk) Completing the national ultra-fast broadband network rollout could yet require more taxpayer funding, despite Communications Minister Amy Adamss insistence there should be a deal possible to get the project back on track within … Read more »

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Dec. 5 (BusinessDesk) – Government efforts to entice major global oil and gas producers to New Zealand has borne fruit, with Norways state-owned Statoil and Australian heavyweight Woodside Petroleum winning exploration licences in the latest permit … Read more »

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Dec. 5 (BusinessDesk) Shares in Chorus rose after the telecommunications network operator said it will work as quickly as possible to avoid failing its contractual obligations to build the bulk of the countrys broadband network if regulated price … Read more »

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Dec. 5 (BusinessDesk) – Telecommunications network operator Chorus wont meet its contractual obligations to build the bulk of the countrys broadband network if regulated cuts to the wholesale price it charges on its ageing copper lines go ahead, … Read more »

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First NZ Capital stands in the market for Infratil buyback at up to $2.60 a share Read more »

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NZ dollar hits new 5-year high vs. Aussie on divergent future interest rate paths Read more »

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Dec 5 (BusinessDesk) Wall Street fell after stronger-than-expected US private jobs data raised concern the Federal Reserve might begin tapering its bond-buying program sooner than anticipated. Read more »

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Dec. 4 (BusinessDesk) New Zealand shares fell as investors punished Diligent Board Member Services for delaying its financial statements again and election-linked regulatory fears continued to weigh on power companies such as MightyRiverPower, … Read more »

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Dec. 4 (BusinessDesk) – The New Zealand dollar reached a fresh five-year high against its trans-Tasman counterpart after figures showed Australias economy grew less than expected in the third quarter. Read more »

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Dec. 4 (BusinessDesk) – Richina Pacific, the parent of failed construction firm Mainzeal Property & Construction, is in provisional liquidation since quitting the NZX five years ago, and has handed over its financial statements to the Companies Registrar … Read more »

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Dec. 4 (BusinessDesk) – Diligent Board Member Services, the governance software developer, says it wont meet a Dec. 12 deadline to release its first half results and now expects then to be as late as Feb. 28, when it is due to publish its full-year report. Read more »

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Dec. 4 (BusinessDesk) Godfrey Hirst, which acquired failed carpet maker Feltex in 2006, has pulled a $50 million dividend from its New Zealand business while reporting annual sales growth and one-time gains from asset sales and purchases. Read more »

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Dec. 4 (BusinessDesk) – State-owned lender Kiwibank is back within the terms of its bank registration after the departure of New Zealand Post director Murray Gribben evened up the number of independent directors on the board. Read more »

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Dec. 4 (BusinessDesk) Fewer Auckland houses are selling at auction, total sales were down 7.1 percent in November against October, and homes worth less than $500,000 are selling more slowly, says Auckland real estate agent Barfoot & Thompson. Read more »

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Dec. 4 (BusinessDesk) – NZX cash trading volumes soared in November, the 15th straight monthly gain, in a period that included the stock exchanges biggest ever trading day accounting for almost a fifth of monthly turnover. The total number of trades … Read more »

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Dec. 4 (BusinessDesk) Shares of partially privatised power company MightyRiverPower dropped below $2 for the first time since listing at $2.50 in May, as Finance Minister Bill English outlined reasons for cutting the governments expected proceeds from … Read more »

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Tenon shares surge as it seeks US equities market exposure, flags cash returns By Pattrick Smellie Read more »

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Dec 4 (BusinessDesk) The government is expecting to reap between $700 million and $1.1 billion from the sale next year of 49 percent of Genesis Energy, the only state-owned power company not to be partially privatised so far. Read more »