Retail
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Economy
NZ wholesale trade lifts 0.7% in 1Q
By Rebecca Howard June 10 (BusinessDesk) - New Zealand's wholesale trade lifted in the March quarter after falling in December and may add to the view that first-quarter economic growth held up better than expected. Seasonally adjusted sales rose 0.7 percent in the three m...
Comvita CEO to step down, Hewlett to lead strategic review
By Jenny Ruth June 6 (BusinessDesk) - Comvita's chief executive for the past four years, Scott Coulter, is stepping down in September and, while it searches for a replacement, former CEO Brett Hewlett is taking on a temporary executive role to review the company’s underperform...
Finance
New car registrations drop 14% in May as cooling market continues
By Paul McBeth June 5 (BusinessDesk) - New car registrations fell almost 14 percent in May from a year earlier, as the local vehicle market continues to slow after successive records in recent years. Motor Industry Association figures show 12,259 new vehicles were register...
Economy
NZ consumer confidence eases to six-month low
By Rebecca Howard May 31 (BusinessDesk) - Consumer confidence eased in May to a six-month low but continues to hover around the historical average. The latest ANZ-Roy Morgan survey of consumer confidence fell 4 points in May to 119.3, but remained above the neutral 100-poi...
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