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04:46 JBWere's Bernard Doyle on NZ's productivity recession, population growth driving economic growth & advice for NZ sharemarket investors to reduce their holdings

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  • Vodafone strikes back against Spark, 2degrees unlimited data plans

    14 September 2017 11:53 PM 4

    Vodafone has been an uncompetitive option for mobile data-hungry users since Spark and 2degrees both launched unlimited data plans for $130 a month in April. More so since Spark slashed the price of its unlimited plan to $79.95/month on September 1. The comparison with Vodafone’s most generous mobile data plan (15GB for $99/month) was pretty stark

  • Greens announce $1b for cycling nationwide

    14 September 2017 11:11 PM 3

    A northern rail line would go from Rangiora to the city, and a southern line would connect Rolleston to the city. "The Airport Line will connect the university to the city, support more medium density housing close to the city and help ease traffic congestion in Riccarton. The route will be protected and able to be upgraded to higher-capacity light rail over time," Ms Genter

  • House sale volumes drop across the country in August

    14 September 2017 9:20 PM 2

    The number of property sales across New Zealand dropped 20% last month, with none of the 14 regions recording an increase, according to the Real Estate Institute. A total of 5896 properties were sold across the country in August, down from 7368 sales in August last year, REINZ said. The institute noted the failure of any region to increase sales in a month

  • Property bubble bursts: House sales slump by 20 per cent

    14 September 2017 9:15 PM 3

    The number of properties sold across the country fell by 20 per cent in August, the equivalent of 47 fewer houses sold per day. The latest data from Real Estate Institute of New Zealand (REINZ) shows a decline in sales in every region - something which has only happened three times in the last seven years. BNZ chief economist Tony Alexander has issued

  • Belfast International Airport makes £600k profit

    14 September 2017 2:22 PM 3

    Belfast International Airport made a pre-tax profit of £611,000 in 2016, compared to a £1.6m loss in 2015. Turnover at the airport rose 12% from £31m to £35m, while passenger numbers rose by 17% from 4.4m to 5.2m during the year to the end of December. The airport says it expects to achieve 5.76m passengers by the end of this year and exceed 6m next year. Ryanair

  • Taxing Campaign: No Changes From Labour's Working Group In First Term

    14 September 2017 12:21 AM 1

    Is the country able to tackle the serious problems we face in health, housing, education and income inequality – or will it allow itself to be spooked by lies and diversions into settling for another three years of evasion and denial? More>> So far, Labour’s tax plans have been treated like an incoming hurricane in the Caribbean – how big will it be, what path it take through

  • Labour says landlords are 'scaremongering'

    13 September 2017 11:45 PM 1

    A landlord lobby group says rents will go up under a Labour government, but Labour's dismissed it as "self-centred scaremongering". The Property Investors' Federation (NZPIF) surveyed its members, and found that a majority of the 816 respondents said they'd rise rents if Labour implemented its housing policies. A Labour government would extend the existing

  • Fuji Xerox All-of-Government contracts suspension continues

    13 September 2017 3:15 AM 7

    Fuji Xerox New Zealand (FXNZ) has agreed to a continuation of the voluntary suspension from all current All-of-Government contracts. FXNZ offered to continue the voluntary suspension and MBIE accepted it. We will continue dialogue with FXNZ and continue to consider our options. The suspension will be reviewed again in October when further discussions

  • Melbourne Tullamarine gets new pay-in passenger lounge

    13 September 2017 2:23 AM 10

    International travellers from Melbourne Tullamarine will have the opportunity to purchase access an airport lounge regardless of the airline they are flying thanks to the opening the new Marhaba lounge. Located airside at Terminal 2, the Marhaba lounge is Melbourne airport’s first pay-in facility open to passengers travelling on any airline. The lounge

  • Pilots win retirement age appeal

    13 September 2017 1:23 AM 2

    Two Kiwi pilots have successfully convinced New Zealand's Supreme Court that they should fly until they are 65. The Supreme Court has ruled that two New Zealand pilots were discriminated against due to age, and should be allowed to fly after they are 55. In 2014, the Employment Court ruled that senior pilots David Brown and Glen Sycamore were being discriminated