INDEPENDENT NEWS

Latest Business Headlines

MARKET CLOSE: NZ shares sink as investors punish A2

Published: Wed 21 Aug 2019 09:03 PM
Aug. 21 (BusinessDesk) - New Zealand shares dropped in one of the reporting season's busiest days as A2 Milk fell to a six-week low when its margins disappointed investors. Fletcher Building and Spark New Zealand both gained on their results. Read more...

Are Fletcher's NZ earnings at the top of the cycle?

Published: Wed 21 Aug 2019 09:02 PM
Aug. 21 (BusinessDesk) - Fletcher Building says activity in all parts of its New Zealand markets is “elevated’’ but its managing director doesn’t want to say whether current earnings should be viewed as top-of-the-cycle results. Read more...

NZ dollar falls against Aussie; RBNZ seen as more dovish

Published: Wed 21 Aug 2019 09:00 PM
Aug. 21 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as the local central bank is considered more prone to cut interest rates than Australia’s. Read more...

Air NZ CFO named acting chief executive

Published: Wed 21 Aug 2019 07:20 PM
Aug. 21 (BusinessDesk) - Air New Zealand chief financial officer Jeff McDowall will fill in as acting chief executive from late September while the board sifts through a number of candidates to lead the national carrier. Read more...

Waitomo favours more open wholesale fuel contracts

Published: Wed 21 Aug 2019 06:56 PM
Aug. 21 (BusinessDesk) - Waitomo Group says it would welcome greater freedom in fuel contracting proposed by the Commerce Commission, but it has doubts about the returns the regulator believes smaller retailers are making. Read more...

Ola “dressed” by Zambesi at New Zealand Fashion Week

Published: Wed 21 Aug 2019 04:47 PM
Auckland, New Zealand - Tuesday 20 August 2019: Ola has partnered with iconic fashion label Zambesi to shake up the local rideshare industry in the same way the label did for Kiwi fashion 40 years ago. Read more...

UPDATE: Fletcher directors enjoy pay rise as earnings fall

Published: Wed 21 Aug 2019 04:15 PM
Aug. 21 (BusinessDesk) - Fletcher Building’s managing director and other directors have all enjoyed pay increases despite the company’s earnings from core operations mostly falling and a precipitous drop in the share price. Read more...

Chief Executive Officer transition update

Published: Wed 21 Aug 2019 03:42 PM
Air New Zealand will appoint an acting Chief Executive Officer while the final phase of recruitment is underway to replace Christopher Luxon when he leaves the role on September 25. Read more...

Stable ETS important for Marsden Point

Published: Wed 21 Aug 2019 03:37 PM
Aug. 21 (BusinessDesk) - The top-quartile emissions performance of the Marsden Point oil refinery is a national advantage and one the firm will be working to maintain when it enters the emissions trading scheme in 2023, chief executive Mike Fuge says. Read more...

Lane Neave advises on merger of NZ’s largest Credit Union

Published: Wed 21 Aug 2019 03:31 PM
Lane Neave advised three of four entities on a merger which has created New Zealand’s largest credit union. Read more...
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media