NZ consumers still opening their wallets; govt's cut beats forecast

Rebecca Howard
Fri, 10 Jul 2020

A solid jump in retail spending and higher-than-forecast sales tax revenue point to consumers being in good heart. Seasonally adjusted retail card spending jumped 16.3 percent in June compared to May when it spiked 78.9 percent from the lockdown month of April, Stats NZ figures show. Core retail spending – which strips out expenditure on fuel and vehicles - was up 15.3 percent from May when it was climbed 72.6 percent. Actual retail spending hit $5.7 billion in June, up 8 percent from a year earlier, and the highest level since January....
Markets
MARKET CLOSE: NZ shares join Asian rally on strong US, European manufacturing
Dan Brunskill | Tue, 04 Aug 2020

New Zealand shares joined a rally across Asia as better than expected US and European manufacturing figures revived investors' confidence in the global economy. Fisher & Paykel Healthcare led the mark...

Markets
Weaker NZ dollar lifts off its lows after RBA more upbeat
Jenny Ruth | Tue, 04 Aug 2020

The weaker New Zealand dollar lifted off its lows after the Reserve Bank of Australia maintained its settings and reiterated its commitment "to do what it can to support jobs, incomes and businesses i...

Retail
Healthscope in $550M deal to sell NZ pathology business
Rebecca Howard | Tue, 04 Aug 2020

Australia’s Healthscope has inked a deal to sell its New Zealand pathology business to the NZ Super Fund and Ontario Teachers’ Pension Plan Board for more than $550 million. The two pension funds w...

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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.