News

Jacinda Ardern steps down as New Zealand PM

 Jacinda Ardern steps down as New Zealand PM

287 Jacinda Ardern, the 40th Prime Minister of New Zealand, announced that she will resign from office and as the leader of the Labour Party. The 42-year-old leader is stepping down after nearly six years as the Prime Minister citing burnout

Read More...
NZ’s Contact Energy (NZX: CEN) joins group of sustainability leaders

NZ’s Contact Energy (NZX: CEN) joins group of sustainability leaders

  • December 15, 2022 06:05 PM NZDT | Manika

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

Read More...
Kiwis still grappling with high food prices: Stats NZ

Kiwis still grappling with high food prices: Stats NZ

  • December 14, 2022 01:20 PM NZDT | Manika

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

Read More...
Fonterra (NZX:FCG) to sell its Brazil JV for NZ$210 million

Fonterra (NZX:FCG) to sell its Brazil JV for NZ$210 million

  • December 13, 2022 03:52 PM NZDT | Manika

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

Read More...
NZ retail card spending up in November: StatsNZ

NZ retail card spending up in November: StatsNZ

  • December 12, 2022 01:10 PM NZDT | Manika

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

Read More...
Air New Zealand (NZX:AIR) updates its earnings guidance for 1HFY23

Air New Zealand (NZX:AIR) updates its earnings guidance for 1HFY23

  • December 09, 2022 03:59 PM NZDT | Manika

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

Read More...
Fonterra (NZX: FGC), Nestlé to set up NZ’s first net-zero dairy farm

Fonterra (NZX: FGC), Nestlé to set up NZ’s first net-zero dairy farm

  • December 02, 2022 04:22 PM NZDT | Manika

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

Read More...
Westpac, ANZ raise interest rates after RBNZ’s OCR hike

Westpac, ANZ raise interest rates after RBNZ’s OCR hike

  • December 01, 2022 03:54 PM NZDT | Manika

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

Read More...
Auckland rail network rebuild enters stage 1; six train stations to be closed

Auckland rail network rebuild enters stage 1; six train stations to be closed

  • November 23, 2022 04:19 PM NZDT | Tamnna

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.

Read More...
New Zealand reports NZ$2.1 billion trade deficit in October

New Zealand reports NZ$2.1 billion trade deficit in October

  • November 22, 2022 05:43 PM NZDT | Tamnna

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.

Read More...
My Food Bag (NZX:MFB) shares drop 16% on 1HFY23 results

My Food Bag (NZX:MFB) shares drop 16% on 1HFY23 results

  • November 18, 2022 05:39 PM NZDT | Manika

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.

Read More...
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK