Archive for the 'Business' Category

Xero considering chairman’s status, after appointment in Trump administration

Report from BusinessDesk by Paul McBeth
Cloud-based accounting software company Xero says it is still considering whether chairman Chris Liddell’s position is compatible with his new role as a White House adviser in the Trump administration, and will update the market when a decision is made. Read more »

Rangitikei River blocked by slip at Mangaweka


News from Horizons Regional Council
A member of the public this morning alerted our emergency response team about a significant slip in the Rangitikei River north of Mangaweka. This slip appears to have initially blocked the entire river channel. Read more »

“High priority” but nothing to show for it


by Lindsay Shelton
Justin Lester said this week it is “a high priority to bring the Town Hall back into action as soon as possible.” But he didn’t give any evidence to connect his words with any real plans. Read more »

Wellington’s median house prices up 22 per cent in a year

Press Release – Real Estate Institute Of New Zealand
Median house prices have risen and sales volumes have stayed flat or fallen across New Zealand in December 2016 when compared to December 2015, according to the latest figures released today by REINZ, source of the most recent, complete and accurate real estate data in New Zealand. Read more »

Too late to save the Sevens?

by Ian Apperley
There are signs that the Sevens Wellington brand is dying. After last year’s dismal turnout, this year isn’t looking much better. It may be too late to save this event, and the city should be considering moving on rather than flogging a dead horse. Read more »

Nowhere to go: Wellington to lose its only Menzshed

Press Release – City Menzshed Wellington
After five years of caring for the older men in our city, the City Menzshed faces extinction. It has to move from its earthquake prone building in Frederick Street and has nowhere to go. Read more »

Recycling trial in Upper Hutt

Press Release – Upper Hutt City Council
In response to public demand, the Council will begin a recycling station trial in Park Street, Upper Hutt from next Tuesday. Council provided the rates-funded facility as part of its Annual Plan for 2016 – 2017. Read more »

Mayor welcomes survey showing business confidence after quakes

Media release from Wellington City Council
Business confidence in Wellington has hit a two year high, showing the city’s businesses have been resilient in the face of the earthquakes, says Wellington Mayor Justin Lester. He’s quoting the latest NZIER quarterly survey of business opinion which shows that a net 33 per cent of businesses surveyed in the Wellington region expect business conditions to improve in the coming months, the strongest reading since September 2014. Read more »

Regional businesses’ confidence in economy drops from 62% to 34%

News from Wellington Chamber of Commerce
Business confidence in the Wellington region’s economy has declined, according to the latest Wellington Chamber of Commerce Business Confidence Survey. Read more »

Rents up 9.8% – Wellington ends year as one of NZ’s strongest rental markets

Press Release – Trade Me Property
Wellington was one of the strongest rental markets in the country last year, according to the latest Trade Me Rental Index – median weekly rents were up by 9.8 per cent to equal the record national median of $450. Read more »

Freight trains running again from Blenheim; 50 track faults repaired

News from KiwiRail
The first freight train to leave the Blenheim Freight Hub heading south has successfully completed its journey to Lake Grassmere this morning, opening the way for commercial goods to run again on this section of the South Island’s Main North Line following November’s 7.8 earthquake. Read more »

“We’re nearly there:” 250 more car parks at Waikanae station by mid-May

Press Release – Greater Wellington Regional Council
Work is about to recommence on the new carpark at Waikanae. The new carpark is expected to be completed in Mid-May and will provide an extra 250 car parks for Kapiti train commuters taking the total car parks up to 400. Many people commute from Waikanae every work day, many driving down from further north. Read more »

Greenpeace delivers protest letter to seismic survey ship off Wairarapa coast

Photo: Greenpeace via twitter

News from Greenpeace
Greenpeace crew have made contact with the world’s biggest seismic oil ship after travelling 50 nautical miles on two rigid-hulled inflatables off the coast of Wairarapa. Read more »

Wellington leads the way for small business confidence

Press Release – ANZ Bank
Wellington leads the way in the ANZ’s quarterly Business Micro Scope survey of small firms, which shows confidence at the highest level in two years. Read more »

Bigger and more expensive in Los Angeles – with all costs paid by George Lucas


by Lindsay Shelton
Peter Jackson’s Movie Museum in Wellington is facing competition from Star Wars creator George Lucas, who this week announced a billion dollar movie museum to be built in Los Angeles. Read more »

DomPost owner reports $75.3m loss, after three years of profits

Report from BusinessDesk by Paul McBeth
Fairfax New Zealand, owner of the DomPost, reported its first annual loss in four years as it wrote off than $100million from the value of its mastheads and buildings and more than doubled its bill to pay out redundancies in 2016, all while resuming dividends to its Australian parent and lifting executive pay. Read more »

Hobbit fan planning a tandem ride through Middle Earth

Press Release – Tearfund
A hobbit fan who ran the length of New Zealand in sandals is now encouraging strangers to ride it with him on a tandem bike. Read more »

Wellington Airport bans woman jailed for nine years after stabbing two pilots

Reports today say that Wellington Airport has banned a woman who has spent nine years in jail for stabbing two pilots and attempting to hijack an Air New Zealand plane. Read more »

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