Fonterra brings forward milk supply payments
Fonterra brings forward milk supply payments
Fonterra Cooperative Group will bring forward payments for its milk supply from June as part of a wider plan to improve cashflow for its farmer shareholders.
BusinessDesk
ASB expects 6% house price decline, rapid recovery
ASB expects 6% house price decline, rapid recovery
Senior economist Mike Jones says March pricing data has confirmed that the national housing market has "barrelled into lockdown" and says Queenstown and the Southern Lakes region, which are being devastated by the impact on tourism, would be hardest hit.
RBNZ looking at removing mortgage lending curbs
RBNZ looking at removing mortgage lending curbs
The Reserve Bank of New Zealand is proposing to remove loan-to-valuation restrictions on mortgage lending as Covid-19 wreaks havoc on the economy.
Silver Fern posts $70.7m net profit on back of Chinese demand
Silver Fern posts $70.7m net profit on back of Chinese demand
Silver Fern Farms posted a net profit of $70.7 million for the year to December 2019, up from $5.8 million the year before on the back of higher red meat exports into China.
Silver Fern posts $70.7m net profit on back of Chinese demand
Silver Fern posts $70.7m net profit on back of Chinese demand
Silver Fern Farms posted a net profit of $70.7 million for the year to December 2019, up from $5.8 million the year before on the back of higher red meat exports into China.
PM to reveal alert level 3 rules this week
PM to reveal alert level 3 rules this week
The Government will give much-awaited detail on Thursday on how and which businesses will be allowed to reopen if and when the national lockdown is lifted on April 22.
PM set to reveal alert level 3 rules
PM set to reveal alert level 3 rules
The Government will give much-awaited detail on Thursday on how and which businesses will be allowed to reopen if and when the national lockdown is lifted on April 22.
Clark stripped of finance roles
Clark stripped of finance roles
Health Minister David Clark has been stripped of his associate finance role - sidelining him from key budget decisions - over lockdown breaches.
Supermarket pricing, staffing, stock in govt spotlight
Supermarket pricing, staffing, stock in govt spotlight
The government is keeping close tabs on the nation's supermarket duopoly through the national lockdown and ministers will tomorrow discuss a range of topics facing the grocery chains.
International freight routes remain open
International freight routes remain open
Mainfreight says the world’s freight trade lanes remain open and that its own trading this calendar year remains ahead of where it was in 2019.
National Fieldays postponed
National Fieldays postponed
New Zealand's National Fieldays, billed as the largest agricultural event in the southern hemisphere, won't be going ahead in June due to the covid-19 outbreak.
Cruise 'good news' for NZ tourism despite virus
Cruise 'good news' for NZ tourism despite virus
The cruise industry says it is weathering the coronavirus storm, with passenger numbers holding strong and cruise ships making extra calls to New Zealand ports.
1200 Vodafone staff to work from home
1200 Vodafone staff to work from home
Vodafone's six-level Auckland headquarters will almost empty in coming days as the telco tests a possible response to coronavirus.
Fletcher signals patience over Ihumatao running out
Fletcher signals patience over Ihumatao running out
Fletcher Building is signalling it is running out of patience with the protracted arguments over the future of its Ihumatao site in Auckland.
Minister seeks intervention power if gas supply runs short
Minister seeks intervention power if gas supply runs short
The Government is investigating whether it should give the Minister of Energy power to "reallocate electricity or gas in situations of acute electricity or gas shortage."
Bitter feud sees famous Kiwi lodge sold to US firm
Bitter feud sees famous Kiwi lodge sold to US firm
An agreement has been made to sell Taupo's Huka Lodge to a US private equity firm in a deal requiring Overseas Investment Office approval.
New car registrations shrink for first year in a decade
New car registrations shrink for first year in a decade
New car registrations in 2019 posted their first calendar-year decline in a decade as tailwinds supporting earlier record sales subsided, Motor Industry Association figures show.
Stumped: Sky shares slump on cricket loss
Stumped: Sky shares slump on cricket loss
Sky Network Television shares plunged below $1 for the first time in its 21 years as a listed company after Spark NZ beat the pay-TV operator to secure cricket broadcasting rights.
NZ shares up as Fonterra units hit four-month high
NZ shares up as Fonterra units hit four-month high
New Zealand shares rose in quiet trading, led by Fonterra Shareholders' Fund units which hit a four-month high as investors and suppliers take some confidence in the dairy processor's new strategy.
Kathmandu shares soar on profit jump
Kathmandu shares soar on profit jump
Kathmandu Holdings' shares jumped to their highest level since April after the retailer said annual profit rose as much as 13 per cent on faster sales growth across the Tasman and new contributions...