Air New Zealand moves above half domestic capacity
By Staff reporters | Thu, 04 Jun 2020
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...
More share trading on market
By Staff reporters | Thu, 04 Jun 2020
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 ac...
CareSaver invests in medicinal cannabis, Sharesies
By Staff reporters | Wed, 03 Jun 2020
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 $4...
Former BNZ head of financial advice goes independent
By Staff reporters | Wed, 03 Jun 2020
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.&ldq...
NZ consumer spending to shrink 1.5% - Fitch
By Staff reporters | Tue, 02 Jun 2020
Fitch Solutions said it now expects consumer spending in New Zealand in 2020 will contract by 1.5 percent year-on-year.That's compared with its pre-covid-19 forecast of growth of 2.8 percent for 2...
April house building consents fall less than expected
By Staff reporters | Tue, 02 Jun 2020
New residential building consents fell a seasonally adjusted 6.5 percent in April, a smaller decline than what economists expected given the national lockdown. Stats NZ figures show there were 2,...
March-qtr terms of trade ease
By Staff reporters | Tue, 02 Jun 2020
The purchasing power of New Zealand’s exports relative to imports eased 0.7 percent in the March quarter versus the December quarter. Export prices fell 0.2 percent and import prices lifted...
New directors for NZX regulatory arm establishment board
By Staff reporters | Tue, 02 Jun 2020
Stock exchange operator NZX said it has appointed Annabel Cotton and John Hawkins as directors of the establishment board of its new regulatory arm.Cotton is managing director of investor relations fi...
Blis earnings soar
By Staff reporters | Thu, 28 May 2020
Probiotic company Blis Technology has been on an international growth curve over the past year, with net profit at $1.6 million for the March year, a 320 percent increase on prior year maiden earnings...
Telecommunications Commissioner named
By Staff reporters | Thu, 28 May 2020
Former Telecom in-house counsel Tristan Gilbertson has been appointed the new Telecommunications Commissioner. His five-year term starts on June 8 and he replaces Stephen Gale, who oversaw the re...
Timaru hailstorm costly for insurers
By Staff reporters | Thu, 28 May 2020
The South Canterbury city of Timaru is now famous for something other than being the birthplace of Phar Lap, although being the home of the second most expensive weather event of the century is not so...
April marks record trade surplus as imports dive
By Staff reporters | Tue, 26 May 2020
New Zealand posted a record monthly trade surplus of $1.3 billion after imports tumbled 22 percent to $4 billion in the steepest decline since October 2009.The surplus was in line with expectations. E...