Rocket Lab christens new pad, confirms will make and launch Neutron in the US

Rocket Lab staged successfully staged its first launch from its new Mahia pad today (see replay below) - and confirmed that the first launch of its much larger, crew-capable Neutron rocket will be from its new Wallops Island facility... Source: NZ Herald Business News

By | February 28th, 2022|Business|0 Comments

Watch Live soon: The Deloitte Top 200 Awards

The Deloitte Top 200 Awards are held annually to recognise and celebrate outstanding individual and management team performances among New Zealand's largest companies and trading organisations.The Top 200 business community has... Source: NZ Herald Business News

By | February 28th, 2022|Business|0 Comments

West Auckland Trusts to remove Russian vodka and beer from shelves

One of New Zealand's largest alcohol retail chains will stop selling Russian-made products in response to Russia's escalating aggression towards Ukraine.The West Auckland Trusts said that from today it would be removing thousands... Source: NZ Herald Business News

By | February 28th, 2022|Business|0 Comments

OneRoof Report: Brakes are on the housing market as rules and interest rates bite

Rising interest rates have taken the first bite of the housing market with the latest figures from the OneRoof-Valocity House Value Index showing an easing of growth across most of New Zealand.Auckland's property market ran hot... Source: NZ Herald Business News

By | February 28th, 2022|Business|0 Comments

NZSA singles out Tilt directors for showing courage under fire

The New Zealand Shareholders' Association (NZSA) has singled out Fiona Oliver, Anne Urlwin, Phillip Strachan and Geoff Swier as the winners of its "Beacon" Award for their actions as independent directors at Tilt Renewables in 2018.The... Source: NZ Herald Business News

By | February 28th, 2022|Business|0 Comments

Airlines, tourism industry celebrate border relaxations

Airlines have plenty to celebrate with the arrival on Monday of 900 Kiwis from Australia and news that self-isolation is to be lifted later this week for vaccinated New Zealanders coming from the rest of the world.The tourism industry... Source: NZ Herald Business News

By | February 28th, 2022|Business|0 Comments

Auckland restaurant ordered to pay $20k after failing to pay student's wages, then sacking her when she raised concerns

An Auckland restaurant that failed to pay an international student's full wages has been ordered to pay over $20,000, after the student was verbally abused and sacked when she raised concerns. Penrose's Big Fish Eatery, owned by... Source: NZ Herald Business News

By | February 28th, 2022|Business|0 Comments

Restaurant Brands crosses billion dollar sales target for FY21, profit sores 69pc

Restaurant Brands achieved its billion-dollar sales target for the 2021 financial year but operating earnings were weaker than expected due to cost pressures here and in Australia through lockdowns.Group sales for the full year... Source: NZ Herald Business News

By | February 27th, 2022|Business|0 Comments

Fonterra suspends export shipments to Russia

Dairy exporter Fonterra has suspended shipments to Russia.New Zealand's biggest business and the world's largest dairy exporter sells a small amount of product to Russia, mainly butter, totalling about 1 per cent of its annual exports.Simon... Source: NZ Herald Business News

By | February 27th, 2022|Business|0 Comments

Improvement in Auckland port books, but 'more work to do' on container service

Ports of Auckland has posted a mid-year group net profit after tax of $23.5 million on revenue plumped by improved cargo volumes to $131.6m.The port will pay its owner, Auckland Council, an interim dividend of $2.1m.The group... Source: NZ Herald Business News

By | February 27th, 2022|Business|0 Comments