Finance

Cricket star Ross Taylor passed up early investment in Xero. By Dan Brunskill

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News in Brief

News in Brief

Kathmandu CEO Xavier Simonet quits
Rebecca Stevenson | Mon, 30 Nov 2020

Simonet is the new CEO of the Australian Trade and Investment Commission, Austrade.

Sky outdoor sale could hurt domestic sports - ComCom
Staff reporters | Mon, 30 Nov 2020

NEP Broadcast and Sky TV may have been overly optimistic in reaching a deal on outdoor broadcasting. 

Most Kiwis think housing price fuse will keep burning
Staff reporters | Mon, 30 Nov 2020

Most Kiwis think house price inflation will continue into double figures during the next year, according to ASB Bank's latest confidence barometer.

F&P Healthcare rally pushes shares higher
Dan Brunskill | Fri, 27 Nov 2020

The country's biggest listed company dragged the market higher.  

Lamb for UK Christmas as Air NZ boosts cargo flights
Staff reporters | Fri, 27 Nov 2020

Air NZ to fly 55 international flights a week.

Black consumer confidence clouds for Black Friday
Staff reporters | Fri, 27 Nov 2020

People are starting to prepare for consumer prices to start rising. 

Govt to declare climate crisis next week
Staff reporters | Thu, 26 Nov 2020

Government will use motion in Parliament to declare climate emergency.

NZX50 runs out of puff as kiwi marches higher
Paul McBeth | Thu, 26 Nov 2020

It's only a matter of time before the strong currency starts eating into exporters' earnings. 

NZ annual trade surplus at 28-year high
Staff reporters | Thu, 26 Nov 2020

Trade surplus widens as pandemic slashes imports.

KiwiRail's surplus trimmed by covid
Staff reporters | Thu, 26 Nov 2020

KiwiRail reported an annual operating surplus of $40 million, $15 million less than the prior financial year.

WEL to acquire Infratec's NZ arm
Staff reporters | Thu, 26 Nov 2020

Acquisition will help speed WEL's expansion into solar and battery installation.

Covid costs Argosy $3.9m, but dividend rises
Staff reporters | Thu, 26 Nov 2020

Argosy shares track up after announcing a better than expected second quarter dividend.

Gentrack struggles on as earnings halve
Staff reporters | Thu, 26 Nov 2020

Gentrack has warned 2021 earnings may only break-even after earnings halved this year as its airport business suffered.

Shares soar amid flurry of local news
Dan Brunskill | Wed, 25 Nov 2020

The prospect of a covid vaccine buoyed most - but not all - local stocks. 

Bank mortgage lending hits fresh record in October
Staff reporters | Wed, 25 Nov 2020

Mortgage lending continues to reach fresh records as house price inflation accelerates.

NZX makes technology committee permanent
Staff reporters | Wed, 25 Nov 2020

After a year mired with technical troubles, the NZX has made its specialist technology committee part of its governance structure.

Turners half year profit up by a quarter
Staff reporters | Wed, 25 Nov 2020

Turners reports $13.4 million profit and says it has no plans to pay back wage subsidy.

Tower profit knocked by EQC deal
Staff reporters | Wed, 25 Nov 2020

Insurer's profit hit with 28 percent slide after smaller settlement with EQC.

Stride pays $228m for prime Wellington property
Staff reporters | Wed, 25 Nov 2020

Stride Property buys 20 Customhouse Quay in Wellington and launches $220 million capital raising as it builds office portfolio.

Vital Healthcare buys Tauranga hospital for $95m
Staff reporters | Wed, 25 Nov 2020

Vital Healthcare will take over $50 million five-year expansion plan for Tauranga's only private in-patient hospital.


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