ON THE MONEY: Infratil, SkyCity, Synlait and more

Sat, 13 Jun 2020

Welcome to the inaugural edition of On the Money, BusinessDesk’s weekly column on money and the people making it. Mo’ money for MorrisonThey must be dancing on their desks at 5 Market Lane, Wellington, the home of Infratil and Morrison & Co. Infratil’s recently released annual report showed it paid fees of $167 million to Morrison for the March 2020 year compared with $132.3 million the previous year and only $26.8 million in the March 2018 year. The devil is in the detail, however, as some of thi...

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Markets Market Close

NZ sharemarket dips as interest rates cut

The S&P/NZX 50 Index closed at 13,033.36, down 17.76 points or 0.14%.

Staff reporters 6:30pm

Economy

RBNZ plans more cuts sooner rather than later

The forecasts show the low at 3.1% by December this year.

Rebecca Howard 2:30pm

RBNZ plans more cuts sooner rather than later

Economy

RBNZ eases by 50bps and brings forward planned rate cuts

It now expects the cash rate to reach 3.1% in December.

Rebecca Howard 2:00pm

RBNZ eases by 50bps and brings forward planned rate cuts

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More Markets

Markets Market Close

NZ sharemarket dips as interest rates cut

The S&P/NZX 50 Index closed at 13,033.36, down 17.76 points or 0.14%.

Staff reporters 6:30pm

Markets

NZME confirms job cuts

About 30 roles are being cut from the NZ Herald newsroom, and several well-known journalistic names – including the political editor – have opted for voluntary redundancy.While the company has reduced the overall number of net redundancies from about 38 to 30, it still expects to...

Staff reporters 1:25pm