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House prices climb in Dec, but rate of increase stabilising
Jan 15 (BusinessDesk) - New Zealand house prices continued their climb to a record high in December, driven by price gains in Auckland and Canterbury due to restricted supply. However, a number of factors suggest this is unlikely to force a change to the official cash rate this...
CORRECT Toll anticipates $19M for tax avoidance penalties
(headline corrected, replaces 'provisions' with 'anticipates') By Pattrick Smellie Jan 15 (BusinessDesk) - Toll Holdings has revealed a possible cost of $19 million from its battle with the Inland Revenue Department over the use of optional convertible notes to shuffle trans-T...
Diligent shares rise on news of strong revenue growth
Jan. 15 (BusinessDesk) – The share price of Diligent Board Member Services rose as much as 2 percent after the provider of software for company directors posted record sales in 2012. Diligent said fourth-quarter new sales of US$6.4 million (NZ$7.6 million) took annual new sales...
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