Saturday, 20 July 2019

Latest News

  • MARKET CLOSE: NZ shares extend gain

    20:46 | 19/7/19
    Scoop
    July 19 (BusinessDesk) - New Zealand shares remained in record territory as passive investment funds appeared to support the upward trend in school holiday-affected trading. Tourism Holdings led the market higher when it resumed trading.  more»

  • NZ dollar headed for 1.3% weekly gain

    20:15 | 19/7/19
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    NZ dollar headed for 1.3% weekly gain on expectations of a Fed rate cut  more»

  • RBNZ knock-back gives Resolution chance to low-ball AMP

    19:54 | 19/7/19
    Scoop
    July 19 (BusinessDesk) - Resolution Life may be able to wrestle more than a billion dollars from the A$3.3 billion sale price of AMP's life insurance business after a known risk came to fruition when the Reserve Bank of New Zealand didn't play ball, ... more»

  • Rail hubs may not boost Napier Port log trade

    19:38 | 19/7/19
    Scoop
    July 19 (BusinessDesk) - KiwiRail’s proposed freight hub at Dannevirke may extend Napier Port’s log catchment further south, but is more likely to put existing trucked freight onto rail, port chief executive Todd Dawson says. more»

  • Denton Morrell undefended at liquidation hearing

    16:50 | 19/7/19
    Scoop
    July 19 (BusinessDesk) - Three lawyers from different firms attended the High Court at Auckland today to see wealth management company Denton Morrell moved into liquidation.  more»

  • Contact steam to heat Norske Skog pellet business secured

    16:46 | 19/7/19
    Scoop
    July 19 (BusinessDesk) - Norske Skog’s wood pellets business has secured a steam supply from Contact Energy for its Taupo plant.  more»

  • Christchurch Airport grows, against national trend

    15:48 | 19/7/19
    Scoop
    Christchurch Airport has notched up another month of strong growth in international arrivals in May, taking its annual visitor arrival growth between July and May to 8.5 per cent, compared to the national total of -5.8 per cent for the same time period. ... more»

  • Tandem jumps inspire new career in Air Force

    15:41 | 19/7/19
    Scoop
    After the adrenalin rush of a tandem parachute jump with his Royal New Zealand Air Force (RNZAF) colleagues, Corporal Thorne Davidse was inspired to change trades and teach parachute jumping.  more»

  • Air NZ to amend booking engine after lawyer’s complaint

    15:40 | 19/7/19
    Scoop
    July 19 (BusinessDesk) - Air New Zealand will make changes after a lawyer complained to the Commerce Commission over scarcity pricing tactics.  more»

  • Ross McEwan to take helm at NAB

    15:25 | 19/7/19
    Scoop
    July 19 (BusinessDesk) - New Zealander Ross McEwan has been appointed National Australia Bank’s new chief executive after holding that role at Royal Bank of Scotland since 2013. more»

  • KPMG says bank capital proposals will wreck havoc

    14:28 | 19/7/19
    Scoop
    July 19 (BusinessDesk) - KPMG says the Reserve Bank’s bank capital proposals will lead to less bank lending to farmers and at significantly higher interest rates on the loans they’re prepared to provide. more»

  • Mild weather saps Vector's June-qtr volumes

    14:11 | 19/7/19
    Scoop
    July 19 (BusinessDesk) - Mild weather in May and June left Vector’s power and gas volumes for the June year marginally lower than a year earlier.  more»

  • False tax refund claims send man to prison

    14:01 | 19/7/19
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    A former commercial diver has been sentenced to 3 years in prison after falsely claiming more than a million dollars in GST refunds.  more»

  • Russell McVeagh partnership promotion for Will Irving

    14:01 | 19/7/19
    Scoop
    Commercial litigation and dispute resolution lawyer Will Irving has been promoted from senior associate to partner at Russell McVeagh. Based in the firm's Auckland office, Will's particular specialties include disputes and advisory work across the ... more»

  • Air New Zealand boosts Bali

    13:31 | 19/7/19
    Scoop
    Air New Zealand boosts Bali Air New Zealand is giving its Bali seasonal service a boost in 2020, increasing capacity on the route by 80 percent, or 30,000 additional seats, compared with the current season. The airline currently operates three services ... more»
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