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The latest from Staff Staff reporters

Stories written by multiple reporters.

Start of lockdown unlawful but necessary, reasonable
Staff reporters | Wed, 19 Aug 2020

The High Court has declared the first nine days of the national lockdown was an unlawful breach of the Bill of Rights Act, but was a “necessary, reasonable and proportionate response” to the covid-19 pandemic at the time. Once an order was issued by the director-general of health...

PSI still expanding but clouds gathering
Staff reporters | Mon, 17 Aug 2020

The BNZ - BusinessNZ Performance of Services Index was 54.3 in July and while it was unchanged from June and expansionary, the positive picture may not last.  Even if current new lockdown restrictions don’t last much longer “they will surely knock the PSI for August,” said BNZ se...

Augusta to delist on Friday
Staff reporters | Mon, 17 Aug 2020

Augusta Capital will delist from the NZX after the market closes on Friday, Aug. 21 once ASX-listed Centuria Capital completes its takeover of the NZ firm. Trading in Augusta shares will be suspended after close of trading on Aug. 19 ahead of the delisting.On Aug. 12, Centuria cr...

Jarden splits with Credit Suisse Australia
Staff reporters | Fri, 14 Aug 2020

Investment and advisory firm Jarden is parting company with Credit Suisse Australia.In a joint statement, the firms said they had agreed to exit their formal strategic alliance, given the evolving strategic priorities of both firms.“There will be an orderly transition over the co...

Maintenance to cut Pohokura gas supplies
Staff reporters | Fri, 14 Aug 2020

OMV has warned of reduced supplies from the Pohokura gas field during the next four weeks as it works to understand the recent slide in output and prepares new compression equipment for the facility.The work will take place over 17 days, starting on Aug. 18 and ending Sept. 9 and...

LafargeHolcim executive to run Fletcher’s concrete division
Staff reporters | Fri, 14 Aug 2020

Fletcher Building has hired LafargeHolcim executive Nick Traber to run its concrete division in 2021, displacing incumbent division chief Ian Jones, who moves across to a newly created role focused on strategic growth.   Chief executive Ross Taylor said Traber would bring global...

PMI bounces; new virus outbreak casts shadow
Staff reporters | Fri, 14 Aug 2020

The latest BNZ-BusinessNZ Performance of Manufacturing Index hit 58.8 in July, up from June’s already positive 56.2 and the highest reading since April 2018.Given extreme weakness in April and May “the July results very much look like recovery from a very large hit earlier in the...

New assistant governor to join RBNZ
Staff reporters | Tue, 11 Aug 2020

Juliet Tainui-Hernandez has been appointed assistant governor and general manager of transformation and people, completing the Reserve Bank’s seven-person senior leadership team.Tainui-Hernandez is of Ngai Tahu and Whakatohea descent and has worked with local iwi and a large NZ l...

Retail spending remains strong in July
Staff reporters | Tue, 11 Aug 2020

Retail card spending in the hospitality sector hit the strongest level for a July month ever.  “While accommodation spending remains low, New Zealanders’ increased spending on eating out throughout the July month has boosted the hospitality industry,” Stats NZ retail statistics m...

Freightways airfreight contract extended
Staff reporters | Fri, 07 Aug 2020

Freightways’ contract to provide trans-Tasman airfreight has been extended through August and will likely be extended further due to the virus resurgence in Victoria.When international passenger travel stopped due to the pandemic, the cost per kilogram to move freight increased b...

No plan to restore smelter production - Rio Tinto
Staff reporters | Fri, 07 Aug 2020

The Tiwai Point aluminium smelter has no plans to restart a production line shut earlier this year.Line four, which typically contributes about 9 percent of the site’s total production, was shut in April as part of the firm’s covid-19 response. Media yesterday reported the line m...

OceanaGold gets permit for new mine
Staff reporters | Fri, 07 Aug 2020

OceanaGold has been granted a mining permit for its Wharekirauponga site on the southern Coromandel Peninsula. The 40-year permit grants the ASX-listed mining company - which operates the nearby Waihi gold mine and the Macraes gold field north of Dunedin - exclusive rights to the...

SFO keeps Jami-Lee Ross leak under wraps
Staff reporters | Thu, 06 Aug 2020

The Serious Fraud Office has obtained a court order ensuring MP Jami-Lee Ross keep secret information that it inadvertently sent to the defendants in the National Party donations case. Ross is one of four men who have pleaded not guilty to SFO charges over donations. The others a...

Inflation expectations up slightly
Staff reporters | Thu, 06 Aug 2020

Inflation expectations ticked up slightly in the Reserve Bank’s latest survey. The most-watched numbers in the survey, mean two-year-ahead inflation expectations, lifted to 1.43 percent versus 1.24 percent in the June-quarter survey.  The mean expectation for one-year-ahead infla...

Healthy result for T&G Global, but future looks tough
Staff reporters | Thu, 06 Aug 2020

T&G Global shares jumped 9.6 percent to $2.85 after the fresh produce exporter announced a twofold jump in net profit to $9.5 million in the six months through June, up from $4 million a year earlier.Revenue climbed 20 percent to $671.3 million from the prior year's $560.8 mi...

Regional hotel spending up in July
Staff reporters | Thu, 06 Aug 2020

Regional accommodation spending improved last month, data from payments platform Paymark shows. Bay of Plenty, West Coast, Marlborough, Nelson, Gisborne, Taranaki and Hawke’s Bay all saw a lift in accommodation spending on the previous year, the first growth in recent months, Pay...

Tompkins Wake takes on Lowndes lawyers
Staff reporters | Wed, 05 Aug 2020

A trio of lawyers unstuck following the closure of Lowndes – former managing director Lowndes, Kerri Dewe and Reuben Payne – will move to Tompkins Wake on Sept. 1.Tompkins Wake chief executive Jon Calder said strengthening the firm’s Auckland office has been a key focus in recent...

Ryman slows construction in Australia
Staff reporters | Tue, 04 Aug 2020

Ryman Healthcare said it is difficult to predict how new lockdown restrictions in Victoria will impact its target of delivering 900 beds and units in the 2021 financial year.On Sunday Victoria declared a state of disaster and imposed more restrictions both in Melbourne and across...

BNP signs NZX deal
Staff reporters | Tue, 04 Aug 2020

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
Staff reporters | Fri, 31 Jul 2020

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
Staff reporters | Fri, 31 Jul 2020

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
Staff reporters | Thu, 30 Jul 2020

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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