Economy
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Retail
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‘Pantry-loading’ helps Countdown notch up almost $2b of quarterly sales
Countdown supermarkets lifted first-quarter sales by 13.7 percent in the flurry of buying brought on by the covid-19 pandemic.The New Zealand division of Woolworths Group today reported sales of $1.93 billion in the 13 weeks ended April 5, up from $1.69 billion in the same period...
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Primary Sector
Manufacturing at risk without targeted policy, investment
Manufacturing’s contribution to the economy has been falling faster than in other developed countries during the past decade and risks further decline without more targeted policy and investment, a recent study says.While the sector has grown in terms of both employment and GDP i...
Finance
ANZ NZ profit falls 15% after $200m covid-19 provisions
ANZ Bank New Zealand's first-half net profit fell 15 percent, reflecting a $200 million increase in charges against profit for bad debts on the expected impact of the coronavirus crisis. Its year-earlier results had also been boosted by profits from asset sales. ANZ's net p...
Coronavirus
Covid-19 economic impact creates 'new vulnerable' - Gluckman
Former chief science advisor to the prime minister, Peter Gluckman, says New Zealand could see a huge increase in mental health issues in the wake of the covid-19 pandemic. Appearing before the epidemic response committee this morning, Gluckman said New Zealand was “not yet at th...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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