Air New Zealand moves above half domestic capacity
News in Brief

Air New Zealand moves above half domestic capacity

Air New Zealand plans to operate around 55 percent of its usual domestic capacity - compared to pre-covid-19 levels - during July and August, said general manager networks Scott Carr.  Since the start of Alert Level 2 the airline has been flying to the majority of the domestic po...

Staff reporters 04 Jun 2020
More share trading on market
News in Brief Free

More share trading on market

The value of cash trading on NZX rose 22 percent to $4.36 billion in May for an average daily value of $208 million. And the volume of trading more than doubled to 1.04 million.The majority of that activity was in equities, with $4.22 billion, and importantly for the stock market...

Staff reporters 04 Jun 2020
CareSaver invests in medicinal cannabis, Sharesies
News in Brief

CareSaver invests in medicinal cannabis, Sharesies

Pathfinder Asset Management’s ethical KiwiSaver plan, CareSaver, has taken stakes in medicinal cannabis company Rua BioScience and online investment platform Sharesies, investing $420,000 and $460,000 respectively.Head of investment Paul Brownsey said the stakes are the scheme’s...

Staff reporters 03 Jun 2020
Former BNZ head of financial advice goes independent
News in Brief

Former BNZ head of financial advice goes independent

Donna Nicolof, who served as BNZ’s head of advisory for six years, has founded a commission-free financial advice firm, Paua, as an alternative to an industry mired in conflicts of interest.“The model that we are setting up is one that we believe is going to be the future of how...

Staff reporters 03 Jun 2020