NZ BUsiness News | NZHerald





Hawaiian Airlines and Air New Zealand start flights to Honolulu after more than two-year gap

Kiwi sunseekers are lining up to get back to a favourite holiday destination - Hawaii - as airlines resume services from tomorrow.After a gap of more than two years, Hawaiian Airlines and Air New Zealand are back on the Auckland-Honolulu...

Source: nzherald.co.nz - Business | 3 Jul 2022 | 5:00 am(NZT)

Major chicken supplier Tegel hikes prices 10 per cent amid Ukraine war, fuel costs

New Zealand's largest chicken supplier is raising prices amid "ongoing cost pressures on the industry". Tegel announced this afternoon the "roughly 10 per cent" price hike would begin from this month. It comes as annual food price...

Source: nzherald.co.nz - Business | 2 Jul 2022 | 6:10 pm(NZT)

Tesla market share to plunge as Elon Musk's net worth plummets

Elon Musk's failure to expand rapidly enough will see Tesla's share of the electric vehicle market plunge dramatically in the next few years, Bank of America says.As the world's richest man's net worth plummets, Bank of America...

Source: nzherald.co.nz - Business | 2 Jul 2022 | 2:03 pm(NZT)

SPCA accused of acting by stealth with closure of town's centre

By Tom Kitchin of RNZ Locals in a Hawke's Bay community are devastated and angry at the SPCA's decision to close its local centre.The Waipukurau SPCA in Central Hawke's Bay will permanently close its doors and it has not been...

Source: nzherald.co.nz - Business | 2 Jul 2022 | 9:03 am(NZT)

Jacinda Ardern's global tourism push: 'We're very keen to welcome visitors back'

Prime Minister Jacinda Ardern has appeared on a hugely popular UK talk show urging Brits to consider New Zealand as a holiday destination again. Ardern appeared overnight New Zealand time on Lorraine, a British morning TV chat show...

Source: nzherald.co.nz - Business | 2 Jul 2022 | 8:52 am(NZT)



'Dire' staff shortage: NZ hotels offer guests discounts to clean their rooms

Some New Zealand hotels are offering guests discounts or vouchers to service their own rooms because staff from overseas are in such short supply.And hospitality industry leaders say unless more overseas workers can be found promptly,...

Source: nzherald.co.nz - Business | 2 Jul 2022 | 5:00 am(NZT)

Biofuel revolution: Could common bacteria found in soil fuel jet planes

New research has found a way to make explosive compounds using bacteria commonly found soil - which could pave the way for cleaner alternatives to jet fuel.And with fuel prices at record highs, some scientists think now is the time...

Source: nzherald.co.nz - Business | 1 Jul 2022 | 2:30 pm(NZT)

Vector customers to receive Loss Rental Rebate credit

Vector will pass on an expected credit of $30 to Auckland electricity account holders, as payment of this year's annual Loss Rental Rebate surpluses.The credit will be each Vector electricity account holder's share of the credit...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 2:11 pm(NZT)

Business confidence slumps again, profit outlook 'dire', says ANZ

The June ANZ Business Outlook survey showed firms are increasingly pessimistic about the outlook for activity and profitability.However, it is the ongoing issues of inflation and an economy running at capacity causing most headaches,...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 1:56 pm(NZT)

Kiwi laundry company Re.Stor fights back after Consumer NZ labels them dud suds

The Kiwi owners of a laundry detergent brand labelled "worse than water" in recent Consumer NZ tests are disputing the results and could take legal action. Grant Taylor and Renee Lee's Re.Stor laundry sheets performed "terribly"...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 1:44 pm(NZT)



Council selling Marutūahu-Ockham Partnership 1.58ha in Avondale for 750 apartments

The Marutūahu-Ockham Partnership is buying 1.58ha of Avondale land from Auckland Council's property arm and will spend $550 million building 750 apartments in eight blocks of up to 10 storeys.Eke Panuku Development Auckland...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 1:00 pm(NZT)

Reserve Bank: 'Tide may well have turned against housing'

Reserve Bank of New Zealand chief economist Paul Conway says the tide may well have turned against housing as Kiwis' go-to investment. "Housing market dynamics in the future are unlikely to be the same as in the past," Conway said...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 12:25 pm(NZT)

NZ King Salmon pours cold water on takeover talk

New Zealand King Salmon Investments (NZKS) said that, contrary to media speculation, it had not been approached regarding a potential takeover."NZKS confirms that it has not been approached, and is not in discussions with any parties,...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 10:42 am(NZT)

Surviving the Bears: Mark Peterson - Public-private connection key to a prosperous future

OPINION: Macroeconomic. Geopolitical. Uncertainty. Volatility. Welcome to the buzzwords of 2022 highlighted, underlined and used daily by market analysts and commentators in their assessments of the state of the global economy.As...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 4:59 am(NZT)

Surviving the Bears: New technology's role in efficient and effective markets

Link Market Services manages one of the country's two share registries but it could easily pass as a resourceful technology company.During the Covid-19 pandemic when staff members were stuck at home, online activity became an essential...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 4:59 am(NZT)

Surviving the Bears: How to stay calm in the face of volatility

It hasn't been pleasant for share investors this year as markets have been struck by volatility and uncertainty through rising inflation and the Ukraine War. But this isn't the time to panic."It's important that investors stay calm...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 4:59 am(NZT)

Surviving the Bears: Navigating transition in extraordinary times

Rising inflation, geopolitical instability, wealth inequality, climate change and technological disruption — there's no shortage of challenges facing New Zealand society.The question is 'What role can the financial services sector...

Source: nzherald.co.nz - Business | 30 Jun 2022 | 4:59 am(NZT)

More than 100,000 Kiwis pay for NZ Herald/BusinessDesk digital subscriptions

More than 100,000 Kiwis are now paying for an NZ Herald Premium or BusinessDesk digital subscription in what is being billed as a big milestone for media company NZME.The stellar growth in digital-only subscriptions is on top of...

Source: nzherald.co.nz - Business | 29 Jun 2022 | 3:42 pm(NZT)



Nestle to buy Auckland health supplements firm The Better Health Company

By RNZ One of the world's biggest food companies, Nestle, is to buy local health supplements maker The Better Health Company.The Auckland-based company makes and sells vitamins, minerals and supplements through pharmacies and...

Source: nzherald.co.nz - Business | 29 Jun 2022 | 1:05 pm(NZT)

Student captures spectacular image of Rocket Lab's moon shot

Auckland University cosmology PhD student Yourong "Frank" Wang captured the above long-exposure image as a Rocket Lab Electron took off from Mahia at 9.55pm last night.Wang, who travelled to Gisborne to capture the image, called...

Source: nzherald.co.nz - Business | 29 Jun 2022 | 8:38 am(NZT)



















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