News in Brief
News in Brief
Dairy boosts exports through covid-19
Provisional data show goods exported from New Zealand rose 4.5 percent to $4.9 billion between Feb. 1 and April 15 compare to the same period a year earlier, while imports fell 9.9 percent to $4.3 billion.This amounts to a monthly trade surplus of $594 million, according to Stats...
Retail shareholders put $53m into Kathmandu
Kathmandu Holdings has completed the retail entitlement component of its capital raise, bringing another $53 million onto the balance sheet. Just over half of all eligible retail shareholders took up Kathmandu’s offer to acquiring new shares at 50 cents, with those shareholders a...
Air NZ updates local flights under L3
Air New Zealand will rejig its domestic network slightly from next Tuesday when the country eases the lockdown restrictions.Travel remains very restricted and the goal is to enable essential travel only and keep air freight moving, it said.“We have made some slight adjustments to...
Tower sees hit from Cyclone Harold, Timaru hailstorm
Tower said it expects to book large claim expenses of between $10.5 million and $12.5 million from Cyclone Harold in the Pacific and the Timaru hailstorm.That’s $2.5 million-to-$4.5 million more than the $8 million built into Tower’s guidance for underlying profit of $27 million...
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