Newswire
Markets
NZ dollar rises on optimism about domestic, global recovery
The New Zealand dollar continued its march higher on optimism the global economy is recovering from coronavirus inspired lockdowns and as Prime Minister Jacinda Ardern confirmed this country will return to normal from midnight, although the borders remain closed. The kiwi was...
Coronavirus
Solid year as AWF Madison braces for covid impact
Labour hire firm AWF Madison won’t pay a final dividend this year, citing the economic uncertainty created by the covid-19 crisis. New Zealand’s biggest recruitment company today posted a 33 percent jump in net profit from $2 million to $2.7 million for the 12 months to March...
News in Brief
NZME chair ups holding pre-AGM
NZME chairman Peter Cullinane bought 200,000 shares in the Auckland-based news publisher ahead of this Thursday’s annual meeting, at which he will staring down three shareholder resolutions seeking a break-up of its assets, an acknowledgement of the importance of dividends and sh...
News in Brief
Building activity shrinks most since 2011
Building activity started slowing down in the lead-up to the covid-19 national lockdown, with the value of building work put in place down a seasonally adjusted 5.7 percent in the March quarter. That was the biggest quarterly decline since the March quarter in 2011, a period when...
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