Business
Economy
Services sector indicator bodes ill for labour market
Activity in the country’s services sector – which accounts for about two-thirds of the economy – bounced back from the lockdown doldrums in May, but still points to a souring labour market.The Business NZ-Bank of New Zealand performance of services index rose 11.5 points to a sea...
Services
Gentrack executive chair resigns over health issues
Gentrack executive chairman John Clifford has resigned from the board due to personal health reasons. Clifford assumed leadership of the company in February, after chief executive Ian Black suddenly resigned days before the annual general meeting. The company had run into d...
Retail
Edmund Hillary high-end retail starts its ascent
Specialist outdoor clothing retail store Edmund Hillary, bearing the signature of the legendary Kiwi adventurer, has opened its flagship store at Auckland’s new Commercial Bay as part of its ascent into global markets.It's the second store for the high-end brand but will be i...
Infrastructure
OMV gains from pending Maari sale
OMV benefited by $57.4 million from its decision to sell out of the Maari oil field late last year. The US$50 million sale of its 69 percent stake in the field off the Taranaki coast was agreed in November but isn’t expected to be completed until later this year. But the de...
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