BNP signs NZX deal
BNP Paribas said it will become an NZX general clearing participant by the first half of next year, a move which it says will bring technical expertise to New Zealand.The French bank said it will bring its Third Party Clearing model to NZ, allowing direct members and remote broke...
More evidence bounce is stalling
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 financi...
Sporting goods help Briscoe sales bounce back
Briscoe Group reported lifted second quarter sales by almost 30 percent year-on-year, with sporting goods recording growth of more than 33 percent for the period ended July 26.The NZX-listed retailer, operator of the Briscoes and Rebel Sports chains, posted sales of $195.4 millio...
Govt to fund voluntary rent mediation
The government has allocated $40 million to fund voluntary mediation between businesses and landlords negotiating rents reductions stemming from the impacts of covid-19.An earlier attempt that required legislative change requiring a fair reduction in rent where a business has suf...
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