Live News

• October 27, 2020 03:29 PM NZDT

  Dairy Exports Fall In September

  The value of dairy product exports fell in September this year compared to same month last year, as per Stats NZ. The fall was led by a decline in prices as the overall quantity of dairy products exported increased over the same period. Some of the details for September 2020 include:

  • The value of total goods imports fell 11% in the month compared to same month in 2019, led by a fall in cars
  • Total goods exports were down by 8% ($350 million) to $4 billion
  • Milk powder, butter, and cheese exports fell $97 million driven by falls in milk fats

• October 27, 2020 03:29 PM NZDT

  NZX:WDT Signs a Commercial Agreement with Imbera

  Wellington Drive Technologies Limited (NZX:WDT) has signed an agreement with Imbera Cooling (Imbera) to supply custom connected hardware and data services that shall support Imbera’s present and future requirements.

  The company shall be the sole supplier of connected controllers, software, and data services to Imbera. It is a three-year contract with renewable based on competitive assurances.

• October 27, 2020 03:28 PM NZDT

  Spark and Sky Join Hands to Create Streamed Sport Bundle

  Sky Network Television Limited (NZX:SKT) has approved terms with Spark New Zealand Limited (NZX:SPK) to offer Sky Sport Now in a bundle with Spark Sport from 16 November 2020. The initial term of the agreement is up to six months and the terms of the agreement are commercial and confidential.

  The streaming sports bundle will offer Sky Sport Now and Spark Sport to eligible Spark customers and the details of the offer will be announced by Spark.

   

   

• October 27, 2020 03:27 PM NZDT

  NZ Annual Imports Persist To Decline For The Year Ended September 2020

  As per the data released by Stats NZ on 27 October, imports have declined sharply amid COVID-19 outbreak while exports have held up, resulting in a $1.7 billion annual goods trade surplus for the year ended September 2020. Some of the highlights include:

  • Imports fell $5.9 billion with the decline driven by crude oil and cars, down $1.7 billion and $1.1 billion respectively
  • The total value of goods exports for the September 2020 year increased $1.2 billion from 2019.

• October 27, 2020 03:27 PM NZDT

  NZX:IFT Plans to Acquire 60% Stake in Qscan Group

  Infratil Limited (NZX:IFT) has offered to acquire up to 60% stake in Qscan Group Holdings Pty Ltd for a total cash equity consideration of about A$330 million. The Company has made the offer in concurrence with MGIF, which has conditionally offered to acquire about 15% stake in Qscan.

  Earlier, in June 2020, the company raised NZ$300 million to follow its growth agenda. The proceeds were used to reduce bank facilities, which can now be used to acquire Qscan.