Top business news

Canterbury building consents decline
Canterbury dwelling consents more than tripled between 2011 and 2014, but have been decreasing since then, says Statistics New Zealand.
New home sales down 2.3% in May
New home sales have dropped for the first time in 2015 on the back of a slide in sales of detached homes, the HIA says.
Coles to refund $12m to suppliers
Independent arbiter Jeff Kennett has told Coles to refund more than $12 million to its suppliers
Sydney Airport lowers airline charges
International airlines will be charged less to use Sydney Airport next financial year, before annual fee rises return over the next four years.
Oil and gas set to lead growth in 2015/16
Revenues for the oil and gas, childcare and beef sectors are set to lift in 2015/16 while ceramic product makers, credit unions and banks brace for falls.
Kimberley Diamonds poised for restructure
WA-based miner Kimberley Diamonds has placed its shares in a trading halt ahead of an announcement about a restructure and capital raising.
NZ business confidence turns negative
For the first time since Christchurch's February 2011 earthquake, more New Zealand businesses are pessimistic than optimistic about the economy.
Ireland says door remains open for Greece
Irish PM Enda Kenny, who led Ireland through years of austerity, says it's not too late for Greece to return to the negotiation table.
Milford reviews Aust law firm investment
Milford Asset Management is reviewing its investment in Slater & Gordon, but it's always known it was high risk.
Kathmandu soars on takeover bid hopes
Shares in struggling retailer Kathmandu have risen on news NZ-based retailer Briscoe Group wants to take over the company.