NZ BUsiness News | NZHerald





Covid 19 coronavirus: The Malt pub reopens in time for Halloween, rugby, but weather a downer

The Auckland pub forced to close for 14 days when it was caught up in the latest Covid-19 community outbreak, is open for business again. Read More Covid 19 coronavirus: Auckland pub The Malt in Greenhithe closed for 14 days,...

Source: nzherald.co.nz - Business | 31 Oct 2020 | 3:00 pm(NZT)

Stock Market: Tech losses drive Wall Street down again, ending grim week

Wall Street closed out another punishing week Friday with the S&P 500 posting its first back-to-back monthly loss since the pandemic first gripped the economy in March.The S&P 500 dropped 1.2 per cent and ended the week with a 5.6...

Source: nzherald.co.nz - Business | 31 Oct 2020 | 11:17 am(NZT)

Internet watchdog warns of rise in scammers' activity

An internet security watchdog is warning people carrying out financial transactions online that there has been a sudden surge in malware attacks.Malware involves a person's device being taken over and fake invoices being sent to...

Source: nzherald.co.nz - Business | 31 Oct 2020 | 10:30 am(NZT)

Remuera residential sales tipped to hit $1 billion as housing market booms

More than $1 billion worth of Remuera homes are expected to sell this year as Auckland's red-hot housing market soars to heights not seen since the boom years.The last time so many homes sold in the suburb was 2016, exclusive new...

Source: nzherald.co.nz - Business | 31 Oct 2020 | 6:00 am(NZT)

Wage subsidy questions raised after more than 10,000 audits

By Nita Blake-Persen, of RNZ More than 10,000 companies have been audited to check they have met the rules of the Government's wage-subsidy programme.More than $14 billion has been paid in wage subsidies, with some of the larger...

Source: nzherald.co.nz - Business | 30 Oct 2020 | 9:30 pm(NZT)



Cannabis referendum: Cannasouth, Rua Bioscience stocks sold down after 'no' vote

Shares in the two NZX-listed medicinal cannabis companies were sold down in volatile trading in the aftermath of the "no" vote in the recreational cannabis referendum, held in conjunction with the October 17 general election.Both...

Source: nzherald.co.nz - Business | 30 Oct 2020 | 6:07 pm(NZT)

Auckland city apartment up for grabs for less than $90,000

Central Auckland apartments usually come with at least a six-figure price tag but for less than $90,000, could this be the city's cheapest apartment?The 40sq m, 1-bedroom apartment in the Q-City building on City St in Auckland central...

Source: nzherald.co.nz - Business | 30 Oct 2020 | 4:00 pm(NZT)

The Pivot Pod: After tourism, is tech the next NZ business hero?

OPINION Welcome to The Pivot Pod, where we'll figure out together what's next for small business. Hosted by Frances Cook, with a new expert on each episode. Today it's how tech is poised to become a major force in the New Zealand...

Source: nzherald.co.nz - Business | 30 Oct 2020 | 2:03 pm(NZT)

Who's up, who's down, in smartphone market share

Samsung has regained the number one slot in global smartphone market share from Huawei, according to the latest shipment figures from market-tracker IDC. Read More Founding CEO out, $11m raise as Guy Haddleton retools 'How...

Source: nzherald.co.nz - Business | 30 Oct 2020 | 11:58 am(NZT)

Covid 19 coronavirus: Global economy sees red as surge derails recoveries

The resurgence of coronavirus cases engulfing the United States and Europe is imperilling economic recoveries on both sides of the Atlantic as millions of individuals and businesses face the prospect of having to hunker down once...

Source: nzherald.co.nz - Business | 30 Oct 2020 | 11:50 am(NZT)



Christchurch mosque shootings: Terrorist's first lawyer ordered to pay $13k for talking to media about case

Terrorist Brenton Tarrant's first lawyer after his arrest for the heinous March 15 attacks has been ordered to pay $13,000 for discussing the case with the media.The New Zealand Lawyers and Conveyancers Disciplinary Tribunal this...

Source: nzherald.co.nz - Business | 30 Oct 2020 | 11:30 am(NZT)

Deloitte Top 200: Finalists announced for celebration of Kiwi business

In a year which has forced businesses to adapt to operating in a global pandemic, the finalists in the Deloitte Top 200 Awards for 2020 showcase New Zealand businesses which have proven their outstanding commercial strength and resilience,...

Source: nzherald.co.nz - Business | 30 Oct 2020 | 6:00 am(NZT)

E tū union blasts Air New Zealand for axing hundreds more cabin crew jobs

A union has blasted further staff cuts at Air New Zealand as ''appalling'' at the company which has received hundreds of millions of dollars in taxpayer money this year.Air New Zealand has today confirmed the loss of 385 cabin crew...

Source: nzherald.co.nz - Business | 29 Oct 2020 | 4:50 pm(NZT)

Clutch of govt sites offline for hours - but it's not a cyberattack

Grizzles are emerging on social media after a period of "maintenance" for several government websites has extended from a brief lunchtime downtime to hours. Read More Watchdog bites phone companies over complaints Privacy...

Source: nzherald.co.nz - Business | 29 Oct 2020 | 3:38 pm(NZT)

KiwiSaver funds hit nearly $71 billion

The amount of money invested in KiwiSaver has continued to rise this year and is now over $70 billion despite the ongoing volatility in global markets.Latest Morningstar figures show KiwiSaver funds under management hit $70.9 billion...

Source: nzherald.co.nz - Business | 29 Oct 2020 | 3:30 pm(NZT)

Skellerup eyes record net profit in 2021 after strong start

Shares in manufacturer Skellerup rallied sharply after it said it expects to report a record profit of around $30 to $35 million in the June 30, 2021, financial year.By late afternoon, the stock was up 20c or 6.7 per cent at $3.17.Chair...

Source: nzherald.co.nz - Business | 29 Oct 2020 | 2:32 pm(NZT)

NZ Post hikes international postage charges, changes the way it calculates prices

NZ Post has increased the price of international postage in response to a global decrease in air freight options as a result of the Covid-19 pandemic.Along with the domestic postage increase of 7 per cent, or 10 cents, this year,...

Source: nzherald.co.nz - Business | 29 Oct 2020 | 1:26 pm(NZT)

Qantas announces new 'flight to somewhere' and stay for $2500

Following the success of the Qantas' "flight to nowhere", the Aussie airline is now rolling out a new journey ... this time, to somewhere.As part of recovery efforts amid the coronavirus pandemic's impact on the tourism and aviation...

Source: nzherald.co.nz - Business | 29 Oct 2020 | 1:13 pm(NZT)



Covid casualty: ANZ Bank's $562m profit slump

ANZ New Zealand's cash profit has slumped 29 per cent to $1.371 billion in the financial year to September 30 as the bank was hit by a rise in credit impairments driven by Covid-19.The country's largest bank, which is owned by ASX-listed...

Source: nzherald.co.nz - Business | 29 Oct 2020 | 12:58 pm(NZT)

Freightways Q1 earnings up 43% on express package rebound

Express package company Freightways has reported a sharp lift in turnover and earnings for the first quarter of its financial year, with its net profit rising by 43 per cent to $19.2 million.However, chief executive Mark Troughear...

Source: nzherald.co.nz - Business | 29 Oct 2020 | 12:56 pm(NZT)

















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