More evidence bounce is stalling

Staff reporters
Fri, 31 Jul 2020

The latest ANZ-Roy Morgan Consumer Confidence data adds to the view that the bounce out of lockdown seems to have stalled.The index was at 104.3 versus 104.5 in July. It touched 84.8 in April.Of the 1,001 people surveyed in July, a net 31 percent expected to be better off financially this time next year, down 1 point.Meanwhile, a net 33 percent expect the economy as a whole to experience bad times over the next 12 months versus a net 37 that felt that way last month.On another front “willingness to buy major household items remains at the...
Markets
MARKET OPEN: Kiwi holds its own as greenback falters, US equities push higher
Rebecca Howard | Thu, 06 Aug 2020

The kiwi dollar continues to hold its own as the greenback is weighed down by poor US data while the domestic share market may take cheer from a lift on Wall Street after positive earnings reports. ...

Listed Companies
Billion dollar hotel developments on backburner until better times
Brent Melville | Thu, 06 Aug 2020

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Listed Companies
Pacific Edge seeks US$40m backpay from US administrator
Brent Melville | Thu, 06 Aug 2020

Pacific Edge is chasing 22,000 outstanding invoices dating back to 2015 as it seeks up to US$40 million in backpay from US medical aid administrator Novitas. The retrospective claim follows last mo...

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Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.