Lion NZ, the local unit of Japanese brewer Kirin Holdings, posted a big fall in net profit last year due to costs associated with a multi-million-dollar IT transformation project.The brewing company's net profit after tax of $28... Source: NZ Herald Business News
The Government has allocated a few million dollars more to Radio NZ, but the $38 million splurge previously proposed by Labour remains elusive.Budget 2019 documents show RNZ will receive a budget of $14.5 million as well as a capital... Source: NZ Herald Business News
Business industry heads say the budget delivered no surprises and there was little to get excited about, aside from a new $300 million investment fund.The Canterbury Employers Chamber of Commerce said the Budget offered nothing... Source: NZ Herald Business News
New Zealand shares fell in subdued trading as fears over global growth weighed on firms with international operations such as Tourism Holdings and Vista Group International. The S&P/NZX Index decreased 24.49 points, or 0.2 per cent,... Source: NZ Herald Business News
Brewer Moa Group reported a full-year loss of almost $3 million, with business acquisition expenses driving an 11 per cent increase in costs.The firm, forecasting profit in the current year following its purchase of Savor Group,... Source: NZ Herald Business News
The New Zealand dollar rose a little after the Labour-led government's "wellbeing" budget forecast fiscal surpluses will be smaller as spending ramps up.The kiwi was trading at 65.24 US cents at 5pm in Wellington from 65.11 at 7:50am.... Source: NZ Herald Business News
Finance Minister Grant Robertson's budget caused barely a ripple in the financial markets, with the New Zealand dollar remaining unchanged at around US65.2 cents just after its release.This was despite the Government signalling... Source: NZ Herald Business News
Northpower temporarily expanded its business portfolio into childcare for a day yesterday.To help support staff during the teachers' strike, the business offered to organise baby-sitters and entertainment at its head office in Whangārei.... Source: NZ Herald Business News
An ownership shake-up at Independent communications agency Pead PR will see all three members of the senior leadership team become shareholders.Managing director Sarah Munnik and group account directors Anna Farrera and Louisa Kraitzick... Source: NZ Herald Business News
Huawei Technologies has filed a legal motion to have the Trump administration's efforts to ban its equipment in the United States declared unconstitutional, calling the prohibition "trial by legislature" and an assault on global human... Source: NZ Herald Business News