Jacinda Ardern steps down as New Zealand PM

Contact Energy is now a part of the Dow Jones Sustainability Index The company said its Contact26 strategy is paying off As a part of the strategy, the company plans to increase its renewable energy electricity generation and close thermal and gas-fired p

Food prices in New Zealand are 10.7% higher on a y-o-y basis Grocery was the largest contributor to New Zealand’s food inflation The second-largest contributor was the fruit and vegetable segment

Fonterra to sell its Brazil business to French company Lactalis The sale is part of Fonterra’s divestment strategy In an email to farmers, Fonterra CEO Miles Hurrell said that the company planned to focus on New Zealand’s milk pool

Retail card spending was up 0.3% in November Consumables spending increases the most Spending on durables declines in the same month

Air NZ increases its earnings guidance for the first half of fiscal 2023 The company says it expects to earn in the range of NZ$295 million to NZ$325 million The increased guidance is on the back of a rise in demand for travel and the easing of the jet fu

Fonterra and Nestle enter partnership to develop NZ’s first net-zero farm As per the company release, the partnership aims to reduce NZ’s on-farm emissions Under this plan, farmers would be encouraged to adopt practices best suited to their farms

Two big banks raise interest rates after the RBNZ hiked the OCR on 23 November 2022 Westpac and ANZ have affected interest rates in the last two days According to analysts, the other banks are likely to follow suit

A joint media release by Auckland Transport (AT) and KiwiRail on 22 November 2022 stated that the rail network rebuild project is confirmed and has entered stage one.

New Zealand’s monthly trade balance for October 2022 was a deficit of NZ$2.1 billion, according to a recent media release by Statistics New Zealand (Stats NZ) on 22 November 2022.

My Food Bag reported lower results for 1HFY23 compared to IHFY22. It reported a drop in revenue by NZ$4 million over the previous corresponding period (PCP). According to MFB, net profit after tax was also lower by almost NZ$3.5 million over the PCP.