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MARKET CLOSE: NZ shares down, led lower by A2 and Z

Published: Thu 19 Jul 2018 08:46 PM
July 19 (BusinessDesk) - New Zealand shares dropped, led lower by A2 Milk Co and Z Energy, while Trustpower and Summerset gained. Read more...

NZ dollar falls against Aussie on strong jobs data

Published: Thu 19 Jul 2018 08:26 PM
July 19 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after stronger-than-expected jobs data across the Tasman indicated growing momentum in the labour market. Read more...

Bus driver assaults just the tip of the iceberg

Published: Thu 19 Jul 2018 08:19 PM
Bus driver assaults just the tip of the iceberg… A bus driver has come forward to tell her harrowing assault story. The driver, who wishes to remain anonymous, was dropping off passengers on her night route in Mangere on July 4th when she was ... Read more...

Pāmu updates full year EBITDAR forecast

Published: Thu 19 Jul 2018 05:16 PM
Landcorp Faming Limited (Pāmu) has released an updated EBITDAR (Earnings before Interest, Taxes, Depreciation, Amortization and Revaluations) forecast for the 2017/18 financial year. Read more...

CORRECT: LIC's FY net profit tumbles on one-offs

Published: Thu 19 Jul 2018 04:08 PM
July 19 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, reported a 55 percent drop in full-year net profit on higher restructuring costs but was upbeat about the current year as those costs will no longer be incurred. Read more...

Foreign investment rules could have unintended consequences

Published: Thu 19 Jul 2018 03:13 PM
Proposed restrictions to foreign investment could have unintended negative consequences. While the new proposed Government restrictions and legislative changes on foreign investment are aimed at reducing the amount of foreign investment for New Zealand’s ... Read more...

Rise in accommodation supplements cause modest rent rise

Published: Thu 19 Jul 2018 03:08 PM
The accommodation supplement benefit is the government’s largest direct investment in private sector housing subsidies. It provides assistance with housing costs for 11 percent of the population, with about two-thirds of recipients being renters. ... Read more...

Potential to NZ fintech exports huge

Published: Thu 19 Jul 2018 03:07 PM
The potential for New Zealand tech exports will be huge when direct free trade post-Brexit opens with the United Kingdom, a leading fintech expert says. Read more...

Taxing the blockchain

Published: Thu 19 Jul 2018 02:28 PM
Bitcoin and other cryptocurrencies have seen considerable growth over the last 12 months, meaning the general public are more aware than ever of these digital assets. Read more...

LIC's FY net profit tumbles on one-offs

Published: Thu 19 Jul 2018 01:54 PM
July 19 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, reported a 55 percent drop in full-year net profit on higher restructuring costs but was upbeat about the current year as those costs will no longer be incurred. Read more...
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