
2degrees appoints CFO Mark Aue as chief executive
By Jenny Ruth Jan. 16 (BusinessDesk) - 2degrees has appointed chief financial officer Mark Aue as chief executive, replacing Stewart Sherriff who signalled in August that he wanted to step down after five years in the top job. Aue only joined 2degrees in July last year and...

Card spending suggests little festive cheer for retailers
By Jenny Ruth Jan. 16 (BusinessDesk) - Retail spending using electronic cards over the key Christmas period suggests retailers found little to cheer about in the festive season. Spending on cards fell a seasonally adjusted 2.3 percent in the month of December from November...

Govt's surplus runs ahead of forecast
By Jenny Ruth Jan. 16 (BusinessDesk) - The government’s budget surplus for the five months ended November was running slightly ahead of forecast due to it collecting more tax and incurring fewer expenses than forecast. The surplus of $261 million was in contrast to Treasury...

QV says house prices rose 3.2% in 2018
By Jenny Ruth Jan. 16 (BusinessDesk) - Quotable Value says its house price index rose 3.2 percent in the year ended December, a slowdown from November’s 3.5 percent annual reading. The average house price nationwide is now $682,938 while the average house price in the Auckl...