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Kiwis spend more than expected in September

Article – BusinessDesk

New Zealanders are still opening their wallets although wet weather dampened some enthusiasm for spring clothing. Read more »

Red tape and levies cut in Building Act Overhaul

Article – BusinessDesk

The government plans to cut red tape for prefabricated building processes, introduce minimal building product standards and reduce building levies by 13 percent as part of a major overhaul of building law. Read more »

More dairy needed to achieve sustainable global diet

Article – BusinessDesk

While dairy consumption in Europe and North America exceeds the levels proposed in a sustainable reference diet modelled in an EAT-Lancet study earlier this year, the global average is still only about half that targeted, Jeremy Hill told delegates … Read more »

New Zealand manufacturers still struggling

Article – BusinessDesk

New Zealands manufacturing activity shrank for a third month in September as production hit its lowest level in more than seven years. Read more »

Walmart US boss flies home as incoming Air NZ CEO

Article – BusinessDesk

Air New Zealand has appointed Greg Foran, currently chief executive of Walmart US, as its new CEO from early next year. Read more »

Michael Hill Q1 sales rise 9.7%

Article – BusinessDesk

Jeweller Michael Hill International reported a 9.7 percent lift in September-quarter sales but said margin compression continues. Read more »

Sky fightback sees it keep Cricket World Cup rights

Article – BusinessDesk

Sky Network Television bounced back from yesterday’s loss of the domestic cricket broadcasting rights with a deal that will see it keep world cup coverage for the next four years. Read more »

NZ dollar falls against British pound

Article – BusinessDesk

The New Zealand dollar tumbled against the British pound after Ireland’s prime minister said a Brexit deal by Oct. 31 is possible. Read more »

MARKET CLOSE: NZ shares fall; Sky routed

Article – BusinessDesk

New Zealand shares fell as Sky Network Television was routed by the loss of its rights to broadcast domestic cricket matches, the stock slumping to an all-time low in heavy trading. Read more »

NZ dollar rises as US-China trade negotiations dominate

Article – BusinessDesk

The New Zealand dollar firmed slightly after being batted hither and yon by news reports emanating from the China-US trade negotiations. Read more »

ASB sells Aegis investment administrator to MMC

Article – BusinessDesk

ASB Bank says it has sold its investment administration and custody business Aegis to MMC, a specialist outsourcing and investment administration business based in Auckland, for an undisclosed sum. Read more »

Directors urged to improve understanding of climate change

Article – BusinessDesk

Company directors are not as aware of climate change challenges as they should be and risk leaving their firms insufficient time to respond, says Karen Silk, deputy chair of the Sustainable Business Council. Read more »

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