Metro Glass announces strategic review, reiterates guidance

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Metro Performance Glass will put its business under the microscope as the glass products maker’s management faces blowback from shareholders unhappy with their ability to grow earnings. Read more »

Q+A: ANZ Economist Sharon Zollner

Press Release – TVNZ

The global financial market is starting to smell a bit like 2007 says senior economist A stark warning came from ANZ Economist Sharon Zollner on TVNZs Q+A programme this morning. I think its fair to say that some things are starting … Read more »

NZ inflation still seen below RBNZ’s mid-point target

Article – BusinessDesk

Oct. 13 (BusinessDesk) – Annual inflation may get a slight lift from stronger food and housing-related prices in the third quarter but economists say it will remain below the mid-point of the central bank’s target band and the tepid picture will … Read more »

NZ consumer confidence dips in October, but ‘no fear’

Article – BusinessDesk

New Zealand consumer confidence dropped in October from a three-year high although it remains at its third highest level for that period. Read more »

Dairy drives NZ food prices higher as butter hits record

Article – BusinessDesk

Oct. 12 (BusinessDesk) – New Zealand food prices rose in September as dairy products continued to increase with butter prices hitting another record high. Read more »

NZ’s telecommunications sector ‘incredible price pressure’

Article – BusinessDesk

Oct. 11 (BusinessDesk) – New Zealand’s telecommunications market is seen expanding at a 1.4 percent annual pace over the next five years, belying the intense competition and price pressures in both fixed and mobile services, according to IDC. Read more »

NZX 50 tops 8,000 for first time

Article – BusinessDesk

Oct. 9 (BusinessDesk) – New Zealand’s benchmark S&P/NZX 50 Index has topped 8,000 for the first time as tepid inflation, low interest rates and a stable economic outlook make returns from stocks a standout compared to other asset classes. Read more »

NZ Online Retail Sales – Update for August 2017

Press Release – BNZ

Please find attached the latest BNZ and Marketview monthly report on New Zealands Online Retail Sales. Read more »

Fieldays growth underlines primary sector importance

Press Release – Federated Farmers

The importance of the primary sector to the New Zealand economy is emphasised today [Oct 5] by Fieldays 2017 Economic Impact Report. Read more »

Waikato District Council is focused on sustainable growth

Press Release – Waikato District Council

Waikato District Council has met its financial targets for the past year, and is focused on managing rapid growth in sustainable ways, says Mayor Allan Sanson. Read more »

On The Nation: Business Panel

Press Release – The Nation

Business groups wont be feeling too impatient about getting a government, according to Kim Campbell from the Northern Employers and Manufacturers Association, Abbie Reynolds from the Sustainable Business Council and Bill Rosenberg from the CTU. Campbell … Read more »

NZ dollar heads for 1.5% decline as final vote tally looms

Article – BusinessDesk

NZ dollar heads for 1.5% weekly decline as final vote tally looms, greenback gains Read more »

Massey Survey Shows ‘Amazon Effect’ Spooks Local Retailers

Press Release – Massey University

Massey Universitys latest Big Issues in Retail survey shows business confidence has declined since 2016, with the Amazon effect cited as the main reason for uncertainty. Read more »

Informal APEC offers nimble trade opportunities: Bollard

Article – BusinessDesk

Oct. 5 (BusinessDesk) – The informality of the Asia Pacific Economic Cooperation forum (APEC) gives nations greater freedom to navigate some of the thorny issues facing trading nations as the tide of globalisation goes out in some developed economies, … Read more »

Westland Milk shareholders approve plans to shrink board

Article – BusinessDesk

Oct. 5 (BusinessDesk) – Westland Milk Products shareholders have voted in favour of a proposal to shrink the dairy cooperative’s board and overhaul the selection process for new directors. Read more »

Dairy Sector Strong As It Gazes At Uncertain Future

Press Release – Trans Tasman

INSIGHTS ABOUT THE NEWS – The dairy sector may be facing a future filled with political uncertainty, but the Fonterra result shows it is working from a strong base with potential to grow further and strengthen the wider economy. Read more »

NZ govt operating surplus pips pre-election forecast

Article – BusinessDesk

Oct. 5 (BusinessDesk) – The New Zealand government’s annual operating surplus was a little bigger than projected in the pre-election forecast as fatter corporate profits helped swell the Crown’s tax take and as some spending was put off. Read more »

Strong economy delivers $4.1 billion surplus

Press Release – New Zealand Government

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. Read more »

Dollar bounces as dairy auction deflates optimism

Article – BusinessDesk

Oct. 4 (BusinessDesk) – The New Zealand dollar recovered from a month-low after a surprise drop in dairy prices took the sheen off the local economic outlook, while data showed the housing market continued to slow down last month. Read more »

Fonterra’s payout may be at risk after dairy auction

Article – BusinessDesk

Fonterra’s payout may be at risk after global dairy prices undershoot By Rebecca Howard Read more »

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