Has plunging business confidence found a floor?
Weak business confidence may “have found a floor, albeit a damp, cold basement,” said ANZ New Zealand chief economist Sharon Zollner.The final reading for the April ANZ Business Outlook survey was, while dire, a slight improvement on the preliminary reading in early-April results...
Alliance beefs up processing capacity
Alliance Group is investing $4 million to lift its beef processing capacity in the South Island.The company will invest in its 18-month-old venison plant at Lorneville near Invercargill to enable the facility to also process cull cows during peak season.Chief executive David Surv...
Intense trading boosts NZX revenue
High trading volumes and a fee increase has seen NZX Limited’s 2020 first quarter revenue rise 18 percent to $18.5 million from $15.7 million the year before. This was led by a 45.9 percent increase in revenue from secondary markets, climbing $1.6 million to a total of $5.1 mill...
Auckland Airport $200m share purchase plan oversubscribed
Auckland International Airport’s $200 million share purchase plan was oversubscribed, receiving about $489 million of applications.The airport received 32,619 applications at an average of $15,000. NZX data showed it had 50,965 shareholders at April 17.The offer will be scaled in...
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