News in Brief
News in Brief
News in Brief
Manufacturing activity contracts in July
Activity in New Zealand’s manufacturing sector contracted in July to the lowest level in two years.The seasonally adjusted performance of manufacturing index (PMI) for July was 46.3, according to the latest BNZ – BusinessNZ PMI.A reading below 50 indicates manufacturing is declin...
News in Brief
Fonterra anticipates strong full-year dividend
Fonterra says it expects to pay a full-year dividend near the top of its forecast range of 65-80 cents per share. CEO Miles Hurrell said in a statement the dividend for the July 31 financial year would be at the high end of the co-operative's dividend policy of 40% to 60% of...
News in Brief
ANZ Investments signs deals with BlackRock and Mercer
ANZ Investments has signed deals to work with global asset managers BlackRock and Mercer.ANZ is the country’s largest KiwiSaver manager, with $19.7 billion in funds under management and a 20% market share. On top of that, it manages money outside of KiwiSaver on behalf of New Zea...
News in Brief
Economic conditions at record low say farmers
A net 80% of farmers say current economic conditions are bad according to the latest Federated Farmers survey results.This was the worst result since that particular question was first asked in 2016, and was a sharp drop of 15 points on January's then-record low of 65%.The ne...
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