
Contact Energy nabs Xero MD, Victoria Crone, in board refreshment
By Pattrick Smellie Oct. 21 (BusinessDesk) - Contact Energy has appointed Victoria Crone, managing director of accounting software firm Xero, as a director as the power company continues to refresh its board following the selldown by former majority shareholder Origin Energy i...

Sky TV warns of 2016 profit fall on new service investment, shares drop 12%
By Fiona Rotherham Oct. 21 (BusinessDesk) - Sky TV has warned shareholders today of a forecast drop in net profit of between $14 million and $16 million for the 2016 year due to higher costs rolling out new services and increased programming costs, including for the Rugby Worl...

Soil compaction affecting 75% of dairying lands in NZ, environmental report finds
Oct. 21 (BusinessDesk) - The government's new national environmental reporting regime has kicked off with a benchmark report covering known data for five key areas, with highlighted findings including declining freshwater quality through intensively used land and three-quarters o...

Let central government intervene on housing land, Productivity Commission says
By Pattrick Smellie Oct. 21 (BusinessDesk) - The government should be allowed to force local authorities to release land for urban development in the face of rampant house-price inflation and current land allocation policies cause "a number of harmful social effects", the Prod...