nzherald.co.nz - Business
Gender diversity: More women in leadership is better for business
Thu, 27 Feb 2020 08:41:47 +1200
Having more women in leadership increases innovation, boosts profit and results in more satisfied customers. It also helps with staff recruitment and retention.Despite this New Zealand is one of the lowest-ranked countries worldwide...
Air New Zealand result: Profit slumps - coronavirus means worse to come
Thu, 27 Feb 2020 08:41:27 +1200
Air New Zealand's net profit has slumped by 32 per cent to $101 million and the airline warns coronavirus makes its outlook uncertain.Air New Zealand has today announced earnings before other significant items and taxation of $198...
A2 Milk result: Net profit leaps 21% on China sales
Thu, 27 Feb 2020 08:17:08 +1200
A2 Milk said its net profit jumped by 21.1 per cent to $184.9 million in the first half to December 31.The company's earnings before interest, tax depreciation and amortisation (EBITDA) came to $263.2m, up 20.5 per cent.Analysts...
Q&A: What will coronavirus mean for NZ?
Wed, 26 Feb 2020 19:02:02 +1200
What is coronavirus? 2019-nCoV is a worrying new addition to a large and diverse family of viruses, ranging from the common cold to the notorious acute respiratory syndrome – better known as Sars.Its symptoms - fever, coughing...
NZ Super costs up as NZ retirees on $100k passes 30,000
Wed, 26 Feb 2020 18:45:19 +1200
By Nita Blake-Persen for RNZ The number of New Zealand retirees getting their superannuation while earning more than $100,000 has topped 30,000 - costing taxpayers more than half a billion dollars each year.Figures released...
NZ shares slide for a second day on growing pandemic fears
Wed, 26 Feb 2020 17:33:13 +1200
New Zealand shares sank for a second day as investors remained fearful that the spread of covid-19 could dent global growth.The S&P/NZX 50 Index dropped 185.37 points, or 1.6 per cent, to 11,533.86. Within the index, 45 stocks fell,...
Auckland foreign exchange broker Kelvin Wood appeals against prison term for $7m Ponzi scheme
Wed, 26 Feb 2020 17:13:02 +1200
An Auckland foreign exchange broker who described himself as having an "ultra-ego" argues he should be given more credit for alerting authorities to his $7m Ponzi scheme.Kelvin Clive Wood is serving a prison term of six years and...
NZ dollar falls; coronavirus spreads to more countries
Wed, 26 Feb 2020 17:12:21 +1200
The New Zealand dollar was weaker as alarm over the spread of coronavirus builds and as warning signs of its impact on the New Zealand economy emerge.The kiwi was trading at 63.18 US cents at 5pm in Wellington from 63.47 cents at...
Markets see two RBNZ rate cuts this year
Wed, 26 Feb 2020 15:28:42 +1200
Worsening global sentiment over the spread of the coronavirus, or covid-19, has pitched New Zealand financial markets traders from expecting no interest rate cuts by the Reserve Bank in the foreseeable future to pricing in at least...
Victims of David Ross Ponzi scheme seek $80 million from ANZ Bank in lawsuit
Wed, 26 Feb 2020 14:43:06 +1200
By RNZ Investors in the failed Ross Asset Management (RAM) company will be seeking $80 million from ANZ Bank when they start a legal claim next week.The group of more than 550 investors has claimed the bank either knew or should...
TVNZ news boss John Gillespie quits state broadcaster
Wed, 26 Feb 2020 14:40:04 +1200
TVNZ's head of news and current affairs John Gillespie has quit the state broadcaster.Gillespie will depart at the end of June.In an email to staff Gillespie said today: "I want to let you know that after some deliberation, and...
Air New Zealand reveals details of Economy Skynest lie flat beds
Wed, 26 Feb 2020 14:33:59 +1200
Air New Zealand has revealed details of a prototype new economy lie flat seat.The airline has dubbed the product an ''Economy Skynest'' and is the result of three years of Air New Zealand research and development, with the input...
SkyCity fire: Flooded vehicles to be removed from basement
Wed, 26 Feb 2020 14:07:35 +1200
The flooded vehicles trapped since October's disastrous SkyCity Convention centre fire are being removed from the building's basement from today.Around 180 vehicles were trapped beneath the fire-damaged NZ International Convention...
Petrol prices to drop as coronavirus puts squeeze on oil
Wed, 26 Feb 2020 13:54:54 +1200
New Zealand motorists will be feeling some relief at the petrol pump as global oil prices ease amid fears the coronavirus outbreak will slow the global economy.The price of crude oil was recently at US$50 a barrel, down from US$61...
Tenants' triumph: Landlord attempt to impose $400 a week rent hike for Herne Bay home fails
Wed, 26 Feb 2020 13:49:45 +1200
The Tenancy Tribunal has barred a landlord in an affluent suburb from pushing up the tenants' rent by $400 a week. This decision comes after a landlord raised his tenants' rent to $1625 per week for a $3 million property in the...
Stuff ventures make up for shrinking ad, circulation revenue
Wed, 26 Feb 2020 13:44:37 +1200
Stuff's foray into selling broadband and power packages seems to be paying off, with the media group's side ventures more than making up for its shrinking ad and circulation revenue.The New Zealand firm is largely a footnote in...
Texas demolition company tears down 97yo home in Dallas by mistake
Wed, 26 Feb 2020 11:24:05 +1200
A Texas demolition company was left red-faced and facing a serious problem after it mistakenly tore down the wrong home in Dallas.But it wasn't until the job was done that they discovered they had demolished a 97-year-old property...
Sir John Key's Palo Alto Networks has another tough quarter
Wed, 26 Feb 2020 11:18:00 +1200
A weaker than expected result and tepid forecast saw US tech giant Palo Alto Networks' NYSE-listed shares dive 17.01 per cent today, outpacing a 3.15 per cent fall in the broader market that was pegged on coronavirus fears. READ...
Disney chief executive Bob Iger steps down in surprise announcement
Wed, 26 Feb 2020 11:02:25 +1200
Disney CEO Bob Iger, who steered the company through successful purchases of Star Wars, Marvel and Fox's entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said in a surprise...
Michael Hill first-half earnings increase with spike in e-commerce sales
Wed, 26 Feb 2020 09:00:00 +1200
Michael Hill International has reported a 19.6 per cent increase to its net profit after tax in its first-half of the year earnings.The Australasian jewellery retailer banked $21.4 million in the 26 weeks to December 29, an increase...

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