Auckland house sales fall in January, annual price rise below 10%
By Paul McBeth Feb. 11 (BusinessDesk) - The steam continued to come out of the Auckland property market in January, being the only region to report a drop in house sales and a further slowing in annual price inflation as regulatory curbs dim demand in the country's biggest cit...
Suncorp's general NZ business posts 21% drop in first-half profit as claims rise
By Paul McBeth Feb. 11 (BusinessDesk) - Suncorp Group, the ASX-listed general and life insurer whose local brands include Vero, AA Insurance and Asteron Life, posted a 21 percent drop in first-half profit from its New Zealand general insurance business as claims grew at a fast...
NZ accommodation extends run of gains in December
By Paul McBeth Feb. 11 (BusinessDesk) - New Zealand's accommodation providers extended their run of rising guest nights in December as both domestic and international travellers boosted tourism. Total guest nights rose 6.2 percent to 3.85 million in December from the same...
Tower to cut product lines in bid to cut costs
By Paul McBeth Feb. 11 (BusinessDesk) - Tower, which posted an annual loss last year on ballooning costs from the Canterbury earthquakes, plans to whittle down the number of products it offers customers and clamp down on costs in a bid to sharpen up the business. Chief exe...
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