NZ shares dip; Kiwi Property capital raising hogs the headlines

New Zealand shares dipped as Kiwi Property Group's plans to raise up to $210 million kept investors busy ahead of the US Federal Reserve's policy review overnight and a slew of local company earnings and annual meetings tomorrow.... Source: NZ Herald Business News

By | October 30th, 2019|Business|0 Comments

Jetstar pilot slams Qantas boss Alan Joyce's $26 million salary

A Jetstar pilot says the A$24 million ($25.9m) salary pocketed by chief executive Alan Joyce makes his "blood boil" as the company's aviators continue to fight for a wage increase.The budget airline's pilots have been locked in... Source: NZ Herald Business News

By | October 30th, 2019|Business|0 Comments

NZ dollar washing around ahead of Fed rate decision

The New Zealand dollar was largely unchanged late in the local session as investors await tomorrow's rate decision from the US Federal Reserve.The kiwi was trading at 63.51 US cents at 5.05pm in Wellington from 63.53 at 8am. The... Source: NZ Herald Business News

By | October 30th, 2019|Business|0 Comments

Freightways buys Big Chill Distribution for at least $117 million

Freightways will have something to talk about at tomorrow's annual meeting after it announced a $117 million acquisition of Bill Chill Distribution, which operates a fleet of more than 200 refrigerated trucks and trailers. The NZX-listed... Source: NZ Herald Business News

By | October 30th, 2019|Business|0 Comments

MPI advisory group confident M.bovis can be eradicated

A report from the independent advisory group overseeing the Government's response to the outbreak of Mycoplasma bovis said it was confident New Zealand could eradicate the cattle disease.The decision to try eradication was made... Source: NZ Herald Business News

By | October 30th, 2019|Business|0 Comments

Deloitte Top 200: What it takes to be a top CFO

Being a top finance boss is more complex than it has ever been before and requires thinking laterally and embracing uncertainty, says the dean of the University of Auckland's business school.Professor Jayne Godfrey's comments come... Source: NZ Herald Business News

By | October 29th, 2019|Business|0 Comments

Nicholas Smith: Why four-day work week is ethically desirable

COMMENT: "We should work to live, not live to work," declared Britain's shadow chancellor John McDonnell last month, as he announced the British Labour Party would reduce the standard working week to 32 hours, without loss of pay,... Source: NZ Herald Business News

By | October 29th, 2019|Business|0 Comments

Westfield Newmarket to be finished next month: Two other mega-projects hit by delays, fire

New Zealand's largest retail redevelopment will be finished next month, ahead of rival mega-projects the $1 billion Commercial Bay and the $703m NZ International Convention Centre which started well before the shopping centre.ASX-listed... Source: NZ Herald Business News

By | October 29th, 2019|Business|0 Comments

NZ shares edge higher on growing hopes for US-China trade

New Zealand shares edged higher as growing optimism for a US-China trade deal helped buoy investor sentiment across most of Asia. Auckland International Airport and the Fonterra Shareholders' Fund led the market higher. The S&P/NZX... Source: NZ Herald Business News

By | October 29th, 2019|Business|0 Comments

NZ dollar buoyed by optimism on US-China trade relations

The New Zealand dollar rose as global risk appetite improved on the prospect of thawing trade relations between the US and China. The kiwi was trading at 63.67 US cents at 5pm in Wellington versus 63.45 cents at 8am. The trade-weighted... Source: NZ Herald Business News

By | October 29th, 2019|Business|0 Comments