Stories by Gyles Beckford
News
Tower Insurance's earnings hit by weather claims
Insurance company Tower has posted a bigger first half loss as its earnings were hit by bad weather claims and an arbitration decision.
Fletcher Building cuts deal with bankers
The firm has cut a new deal with its bankers, which will see it pay more for its lending and put the proceeds of asset sales immediately to paying back debt.
Manufacturing activity at two-year high
Manufacturing sector activity has hit its highest level in more than two years driven by a rebound in production and new orders.
Tiwai Point aluminium smelter to restart potline
The aluminium smelter at Tiwai Point is restarting an unused potline as rising metal prices and a power deal have made it economic to expand production.
Fletcher Building shares jump by more than 10 percent
Shares in Fletcher Building have jumped by more than 10 percent today, following unconfirmed rumours that the Australian conglomerate Wesfarmers has bought a stake in the business.
Air NZ pulls plug on alliance with Virgin Australia
Air New Zealand and Virgin Australia will part ways in October after seven years of partnership.
Spotify has solid list debut
Spotify has had a solid debut on Wall Street in one of the most anticipated technology listings in recent times.
Has Sky suffered a breach in its defences?
Analysis - Sky Television has announced it is not the preferred bidder for Rubgy World Cup broadcasts. RNZ Business Editor Gyles Beckford looks at what that means for the behemoth.
Cash rate remains unchanged at 1.75%
The Reserve Bank has held its cash rate unchanged as expected amid subdued inflation and moderate economic growth.
Fonterra profit tumbles on writedowns
The dairy giant Fonterra has made a first-half loss after taking a large write-down on its Beingmate investment, in addition to damages to its rival, Danone.
Ireland's central bank being blamed for CBL's woes
The Central Bank of Ireland is being blamed for the chain of events that has resulted in the troubled insurance group, CBL, being put under the control of administrators on opposite sides of the…
Vector's profit has fallen by a quarter
Electricity lines company Vector's profit has fallen by a quarter after one-off gains in the previous year and higher depreciation.
Property sector takes price, confidence hit
The property market slowdown has taken its toll on confidence in the sector and the outlook for prices.
Fletcher: Writing was on the wall
Analysis: The profitability, economic value and reputation of New Zealand's biggest construction company have been whittled away over the last few years, writes Gyles Beckford.
NZX regains lost ground
The New Zealand share market has opened cautiously higher after another volatile session on overseas markets.
Reserve Bank keeps cash rate at 1.75%
The Reserve Bank has held its cash rate unchanged as expected amid subdued inflation and moderate economic growth.
NZ's financial transparency ranking improves
New Zealand's international ranking as a financially transparent country has improved slightly in a newly published report.
New TPP deal: why now and who wins?
Analysis - With the revised TPP now going ahead, RNZ's Gyles Beckford breaks down what got it over the line, and what's in it for New Zealand.
Samoa among newly blacklisted 'tax havens'
The European Union has blacklisted 17 countries as tax havens as it cracks down on tax avoidance.
Fuel storage facility raises prospect of more competition
A new large fuel storage facility in Timaru that could potentially help drive fuel price competition has been granted resource consent.
Low rates, strong markets should continue - banker
The solid performance of financial markets and low interest rates should continue for several more years, a London-based investment manager says.
Shifting port to Northland a 'dumb' idea
Relocating the Port of Auckland to Marsden Point doesn't make sense and some of the other sites suggested aren't much better, according to the head Mainfreight.
Mainfreight disappointed with first half profit
The country's biggest transport company, Mainfreight, has reported a marginal lift in its first half as it struggles with quake disruptions at home and weakness in the United States and Asia.
Small businesses struggle with finance, retirement
Four out of every five small business owners feel isolated, and nearly a third said they lack knowledge and need extra support in business planning, a survey and report by not-for-profit group…
Reserve Bank holds interest rates at 1.75%
The central bank left the Official Cash Rate unchanged - as expected - and said it was likely to remain on hold for an extended period.