Thursday, 22 August 2019


  • MARKET CLOSE: NZ shares sink as investors punish A2

    21:03 | 21/8/19
    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.  more»
  • Are Fletcher's NZ earnings at the top of the cycle?

    21:02 | 21/8/19
    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. more»
  • NZ dollar falls against Aussie; RBNZ seen as more dovish

    21:00 | 21/8/19
    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.  more»
Major Indices
Recent News
  • Air NZ CFO named acting chief executive

    19:20 | 21/8/19
    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.  more»
  • Waitomo favours more open wholesale fuel contracts

    18:56 | 21/8/19
    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. more»
  • Ola “dressed” by Zambesi at New Zealand Fashion Week

    16:47 | 21/8/19
    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. more»
  • UPDATE: Fletcher directors enjoy pay rise as earnings fall

    16:15 | 21/8/19
    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. more»
  • Chief Executive Officer transition update

    15:42 | 21/8/19
    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. more»
  • Stable ETS important for Marsden Point

    15:37 | 21/8/19
    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. more»
  • Lane Neave advises on merger of NZ’s largest Credit Union

    15:31 | 21/8/19
    Lane Neave advised three of four entities on a merger which has created New Zealand’s largest credit union.  more»
  • UPDATE AND CORRECT: Spark shares rally

    15:17 | 21/8/19
    Aug. 21 (BusinessDesk) - Spark New Zealand shares hit an eight-month high after the country's biggest telecommunications company lifted annual profit 12 percent as it stripped out costs through a company-wide transformation programme.  more»
  • ASF Threat in Phillipines brings disease risk close to home

    15:04 | 21/8/19
    Farmers are being reminded to review biosecurity precautions – particularly around international travel and visitors – after a possible outbreak of African Swine Fever was identified in the Philippines at the end of last week. more»
  • A Gentle Winter – A Variable Market

    14:54 | 21/8/19
    Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 102 less farm sales (-25.7%) for the three months ended July 2019 than for the three months ended July 2018. Overall, there were 295 farm sales in the three months ... more»
  • Hon. Bill English joins board of The Instillery

    14:45 | 21/8/19
    The Instillery is pleased to announce that the Hon. Bill English has joined The Instillery board as an independent director.  more»
  • Fletcher directors enjoy pay rises as earnings fall

    14:14 | 21/8/19
    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. more»
  • Dell Boomi appoints Managing Director for Asia-Pacific

    14:12 | 21/8/19
    Sydney, Australia – August 21, 2019 – Dell Boomi ™ (Boomi) has appointed Ajit Melarkode as its Managing Director for Asia-Pacific and Japan (APJ) to expand existing and drive new revenue opportunities to capitalise on strong demand for cloud-based ... more»
  • Rate cut aimed at staving off unconventional monetary policy

    14:09 | 21/8/19
    Aug. 21 (BusinessDesk) - The recent steep rate cut by the Reserve Bank of New Zealand was aimed at reducing the probability that unconventional tools would be needed in the future, assistant governor Christian Hawkesby said in a speech published on the ... more»
  • Solid annual result for Queenstown Airport Corporation

    14:06 | 21/8/19
    Queenstown Airport Corporation (QAC) delivered a solid result in the financial year ended 30 June 2019 with total revenue up by $3.9 million (9%) to $49.6 million. This was a result of increases in both aeronautical and commercial revenue, and effective ... more»
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