Telecom’s profit likely to be down by 30%

Telecom's second quarter results are expected to post a 30% fall, after tax, and would not be a surprise as it is within the market predictions, a net profit of $121 million is expected.

According to ABN Amro Craigs broker, Peter, the share price of Telecom is not likely slide. Mr. Peter said, "Telecom will be reporting `Ferrit free', displaying some retail revival and mobile survival, which were all key messages from its first AGM under its new Chief Executive, Paul Reynolds."

Shell NZ reviews its downstream businesses

Royal Dutch Shell Plc

Royal Dutch Shell Plc., Europe's largest oil company, third-biggest shareholder after BP and Mobil, has under taken a review of its investments in New Zealand and its 
17% stake in the nation's only refinery at Marsden Point. 

Fruit and veggies lead food price rise

New Zealand

According to Statistics New Zealand's latest food price index fruits and vegetables are getting increasingly expensive even though the global recession saw a widespread fall in the prices of the commodities.

Electricity grid to get $50m upgrade in April

Transpower

Today, Transpower accelerated $50 million of work on the national grid, thus much required work on high-voltage power pylons will now be maintained from April on, which otherwise could have been waiting up to 10 years. 

Auckland hits record high temperature

high temperature

Auckland has equaled the highest temperature recorded in the city.

ONE News weather expert Jim Hickey informed that on Thursday the mercury hit 32.4 degrees in West Auckland at around 4pm, which is equal to its highest recorded temperature of all time.

Hickey further informed that last time Auckland was that hot was 127 years ago in 1872.

Hickey explained that the excessive heat in the Auckland area comes as heavy rain is falling across the central North Island and top of the South Island, increasing river levels.

Warning extended to Motorists to be careful

North Island, Wellington

A warning has been extended to drivers in the lower North Island by the police to take care in wet conditions tonight while a keen watch is being kept by the local authorities for flooding.

Caution has been advised on State Highway 2, the Rimutaka Hill road, due to high winds and surface flooding, by police in the Wellington region. Problems have increased on the Hutt Road at Kaiwharawhara, near Wellington due to more surface flooding.

A slip partially blocked State Highway 1, north of Wellington earlier today.

Pages

Trucker driver on trial for accident that killed cyclist, had blind spots

A truck driver, who is on trial for an accident that killed Taiwanese cycle tourist Ming-Chih Hsieh in Hornby on 29 September, 2014, had significant blind spots as he truned his vehicle on an inter

Three Yacht crew members saved 500km off New Zealand

A container ship sailing around 500km north of New Zealand were able to save two men and a womanfrom the battered yacht Platino.

BBB Releases Tips for Donors to Make Sure Donations are Used Appropriately

When tragedies like Orlando shooting incident happens, the world rushes to render support to the victims and their families.

Baidu Trims Sales Outlook for the Second Quarter, Shares Slip

Shares of Baidu dropped five percent during the after-hours trading to $154.99 following the cuts in the company's second-quarter revenue estimates.

Crude Oil Futures Drop with Growing Concerns Regarding Global Growth and Brexit

On Tuesday, Crude oil futures dropped during early Asian trading hours with investor ignoring signs of tension in the market focusing more on concerns and sudden declines in stocks on worries of ap

Firefighters dose fire in TeAtatu South suburb of Auckland

The fire service in Auckland said that firemen dosed a fire on McLeod Road in the suburb of TeAtatu South in Auckland.

Experts call for review of manslaughter law in New Zealand

Legal experts in New Zealand have urged the authorities to review the country's manslaughter law after widespread outrage over recent cases involving killers pleading guilty to

Twitter Invests in Global Online Audio Distribution Platform SoundCloud

Reportedly Twitter has invested in Germany based SoundCloud, which is a global online audio distribution platform and allows the users to record, share, upload, and promote orig

Vantage Airport Group Ltd could Attract more Deals for Overhauling U.S Airports

Vancouver based, Canadian developer, Vantage Airport Group Ltd., which has given a makeover to airports starting from Chile to New Zealand is also working towards overhauling th

In the highly competitive markets and changing preferences of customers, once highflying companies often find it difficult to hold on to their high valuations.  One Kings Lane Inc. is a good example of such a case. The on online furnishing retailer which was once valued almost $1 billion a couple of years back was bought by Bed Bath & Beyond Inc for a small part of that price.  On Tuesday, Bed Bath & Beyond Inc. said it acquired the website without disclosing the amount and the terms of the transaction. The

In the highly competitive markets and changing preferences of customers, once highflying companies often find it difficult to hold on to their high valuations.

The Meal Kit Craze is on; Martha & Marley Spoon Joins the Crowd to make Cooking Less Painful

Life is becoming busier than ever and the food companies are making food preparation easier by the day.

Education

Electric Vehicles could lead to massive job losses: UAW

The Union of Auto Workers (UAW) has warned that the increasing adoption of electric vehicles (EVs) in the US could have a devastating effect on the jobs in the country.

Tesla Received over 7,000 orders last week: Elon Musk

According to a recent disclosure by Tesla Motors CEO Elon Musk, the automaker received new orders for more than 7,000 electric vehicles last week.

Products with Artificial Fragrances should be Avoided: Study

Many personal care products available in the market these days include artificial fragrances and a new research has claimed that overexposure to such products is leading to sickness.

Environment

Poultry Industry Considers Adopting Ways to Avoid Culling Male Chicks

Male chicks are no good for the layer hen indus

Thousands gather for the opening day of Coronet Peak

Around 2500 people from several places gathered