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Daily Market Report
for 21/06/2019
Strong construction growth shores up 1Q GDP
20 Jun 2019 14:02 Scoop
June 20 (BusinessDesk) - New Zealand’s economy grew in line with expectations in the first quarter, shored up by strong construction activity, but weak services output – which represents two-thirds of the economy - was a drag on growth.  more...
First ever direct Invercargill-Auckland jet service
20 Jun 2019 11:10 Scoop
Air New Zealand has today launched a southern inspired campaign ahead of the airline’s first ever direct scheduled jet service between Auckland and Invercargill which gets underway at the end of August.  more...
Sharesies’ new NZX status shakes up the stock market
20 Jun 2019 09:06 Scoop
This new status allows Sharesies to trade shares in individual companies on the NZX through its online investing platform. From mid-July, Sharesies investors will have access to all companies listed on the NZX main board alongside its current share ...  more...
Air NZ's Luxon to depart Sept 25
20 Jun 2019 10:34 Scoop
June 20 (BusinessDesk) - Air New Zealand chief executive Christopher Luxon has resigned effective Sept. 25, Air New Zealand said late Wednesday.  more...
Simon Barnett receives broadcasting accolade
20 Jun 2019 19:13 Scoop
NewstalkZB’s Simon Barnett has been awarded one of radio’s most coveted accolades, the Outstanding Contribution to Radio Award. A video of the radio star being surprised by the news was played at the New Zealand Radio Awards’ Auckland event at Sky City ...  more...
MARKET CLOSE: NZ shares dip: blue-chips give up recent gains
20 Jun 2019 21:01 Scoop
June 20 (BusinessDesk) - New Zealand shares fell as blue-chip stocks trading near record-highs gave up some of their recent gains. Infratil led the market lower after shedding rights to its final dividend.  more...
Wellington to introduce a reusable cup lending scheme
20 Jun 2019 14:25 Scoop
From today Wellington Airport will be the first airport in New Zealand to introduce a reusable coffee cup lending scheme across selected cafés in the airport’s terminal.  more...
Fisher Funds backs Infratil's Vodafone play
20 Jun 2019 19:36 Scoop
June 20 (BusinessDesk) - Listed investment entity Kingfish's manager Fisher Funds Management likens Infratil's planned Vodafone New Zealand purchase to its successful foray into the retail fuels market.  more...
NZ dollar firms as Fed leaves door open to rate cuts
20 Jun 2019 11:12 Scoop
June 20 (BusinessDesk) - The New Zealand dollar got a lift when the US Federal Reserve signaled rate cuts ahead if the economic outlook weakens.  more...
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