NZX50 stumbles over smelter scare

New Zealand shares fell 2.5 per cent this week as the threat of the Tiwai Point smelter closure tripped up electricity companies that had been on a tear, and gave investors cause to ponder the slowing economy. The S&P/NZX 50 Index... Source: NZ Herald Business News

By | October 25th, 2019|Business|0 Comments

NZ dollar weakens on US criticism of China, Brexit ructions

The New Zealand dollar slumped on fears US criticism of China would hurt the chances of a US-China trade agreement and as the Brexit impasse appears to be leading to a general election in Britain.The kiwi was trading at 63.69 US... Source: NZ Herald Business News

By | October 25th, 2019|Business|0 Comments

New Zealand's first Lego store opening soon in Westfield Newmarket

New Zealand's first stand-alone Lego store at Westfield Newmarket will be opening by the end of October, it has been announced.Alceon and The Lego Group will be opening the store doors on Thursday, October 31 at 9am. Situated... Source: NZ Herald Business News

By | October 25th, 2019|Business|0 Comments

Serko soars on booking.com backing

Serko shares jumped 29 per cent when trading resumed after institutional investors clamoured to buy into the travel management software developer after it emerged booking.com's owner was backing the firm. READ MORE:• US giant... Source: NZ Herald Business News

By | October 25th, 2019|Business|0 Comments

Effies 2019: NZ's most effective marketing of the year revealed

New Zealand's marketing and advertising royalty invaded Eden Park on Thursday night for one of the most prestigious nights on their calendar.The fortress of the All Blacks last night played host to the Effies Awards, an annual event... Source: NZ Herald Business News

By | October 24th, 2019|Business|0 Comments

NZ shares fall as yield stocks face selling

New Zealand shares fell, with a number of utilities and property stocks held of their reliable dividends leading the market lower. Power companies were generally flat on large volumes after yesterday's savaging. The S&P/NZX 50 Index... Source: NZ Herald Business News

By | October 24th, 2019|Business|0 Comments

NZ dollar falls ahead of Pence China speech, manufacturing data

The New Zealand dollar fell amid a dearth of news and as the market awaits a key speech by US Vice-President Mike Pence on China later today and a raft of manufacturing indicators out of Europe.The kiwi was trading at 64.06 US cents... Source: NZ Herald Business News

By | October 24th, 2019|Business|0 Comments

Government gives Pan Pac free pass to buy Hawke's Bay land

Hawke's Bay farmers are upset Japanese-owned Pan Pac Forest Products has been given Government approval to bypass the Overseas Investment Office to buy land for forestry. The deal is for the next three years as the Government seeks... Source: NZ Herald Business News

By | October 24th, 2019|Business|0 Comments

Air New Zealand ramps up regional services

Air New Zealand is ramping up its regional services in the wake of Jetstar's withdrawal.The airline will operate an additional 253 one-way flights in December on services it operates between Auckland and Napier, New Plymouth, Nelson... Source: NZ Herald Business News

By | October 24th, 2019|Business|0 Comments

How to get first glimpse of $4.4b City Rail Link Auckland tunnels next month

City Rail Link has said how people will be able to get tickets for the first public look at the $4.4 billion tunnels beneath Auckland on Sunday, November 17. "Tickets for walking the tunnels will be available on-line on Wednesday,... Source: NZ Herald Business News

By | October 24th, 2019|Business|0 Comments