Me Today to raise funds after reporting $17.8m loss

NZX-listed manuka honey, supplements and skincare company Me Today said it intended to raise capital after impairments helped drive it to a $17.8m net loss for the March year.The result included nine months trading of the King Honey... Source: NZ Herald Business News

By | May 30th, 2022|Business|0 Comments

'Power in numbers' says Consumer NZ as Government toughens stand against supermarket duopoly

The Government's commitment to go beyond Commerce Commission recommendations in addressing competition and high price issues in the supermarket sector has been applauded by Consumer NZ, which says it's a sign of people power.A petition... Source: NZ Herald Business News

By | May 30th, 2022|Business|0 Comments

Banks begin hiking mortgage rates post OCR

ANZ and Kiwibank have both lifted mortgage and deposit rates today in the wake of last week's big OCR hike.Kiwibank was the first to move this morning, lifting its headline rate for a two-year fixed mortgage to 5.19 per cent per... Source: NZ Herald Business News

By | May 30th, 2022|Business|0 Comments

Fonterra acts on plummeting share price

Fonterra acknowledged "concern about the decline" in its share price over recent weeks and said it will be providing additional financial support to more actively support liquidity on an interim basis.At Friday's closing price of... Source: NZ Herald Business News

By | May 30th, 2022|Business|0 Comments

Deloitte says Westpac NZ has made progress on liquidity risk management

Westpac NZ has welcomed the findings of an independent review by Deloitte into the bank's liquidity risk controls and risk culture, and says it is concentrating on completing the remaining actions. Deloitte's report was released... Source: NZ Herald Business News

By | May 29th, 2022|Business|0 Comments

NBR rich list 2022: Who's made the list of New Zealand's most wealthy

South Island property developers Chris and Michaela Meehan and Hawke's Bay farmers Mark and Paul Apatu are among new names added to the NBR wealth list this year.Packaging magnate Graeme Hart remains the richest individual with... Source: NZ Herald Business News

By | May 29th, 2022|Business|0 Comments

Selling New Zealand to the US – Did PM Jacinda Ardern tick off her to-do list on her US trip?

Prime Minister Jacinda Ardern has wound up the business segment of her US trip - a sprint around five cities in the US in as many days on a mission to get tourists back to New Zealand and goods from New Zealand to the US.It took... Source: NZ Herald Business News

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Small Business: Turning cherry orchard electric pays off

A Central Otago couple have converted their farm to almost all-electric but are staring at a zero power bill.The innovative and hard work by Mike and Rebecca Casey at Forest Lodge Orchard in Mt Pisa, between Cromwell and Wanaka,... Source: NZ Herald Business News

By | May 29th, 2022|Business|0 Comments

Cooking the Books podcast: Would you put crypto in your KiwiSaver?

Each week BusinessDesk and the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's what's happening now that the dust is settling from the crypto crash, and how the mainstream investing world is reacting... Source: NZ Herald Business News

By | May 29th, 2022|Business|0 Comments

Pacific Edge loss widens by a third to $19.8m

Focus and discipline.Those are the two things Peter Meintjes believes will help Pacific Edge achieve long-term success, following his company's full-year result earlier this week.On Thursday, the dual-listed Dunedin cancer diagnostic... Source: NZ Herald Business News

By | May 29th, 2022|Business|0 Comments