New Zealand's Latest Breaking News, Business, Sport, Weather, Entertainment, Politics

Latest FromJamie Gray

NZX Smartshares's funds under management topped $4 billion last year, aided by strong returns from a bull market. Photo / File

BUSINESS

NZX's Smartshares funds topped $4b in 2019, up 35pc

23 Jan, 2020 8:41am
3 minutes to read

NZX Smartshares has seen its funds under management lift by 35 per cent.

Fonterra has forecast a $7.30/kg milk price for 2019/20. Photo / Supplied.

BUSINESS

Dairy prices recoup pre-Christmas loss, edge higher at GDT

22 Jan, 2020 7:25am
3 minutes to read

Dairy prices firmed at this morning's Global Dairy Trade auction.

ANZ has tipped the Official Cash rate to stay at 1 per cent. Photo / file

BUSINESS

Will interest rates be cut again? NZ's biggest bank makes its call

21 Jan, 2020 9:37am
3 minutes to read

New Zealand's biggest bank makes a call on which way the OCR is likely to go.

Passive investment makes up about a fifth of daily turnover on the NZX Photo / File

BUSINESS

Investment managers warning: Passive funds influencing NZX trading

21 Jan, 2020 5:00am
4 minutes to read

Passive investing is responsible for about a fifth of trading on the NZX.

Gentrack, which specilises in developing software for airports and other utilities, has donwngraded its earnings prospects for 2020. Photo / NZ Herald

BUSINESS

Gentrack shares take another dive after earnings downgrade

20 Jan, 2020 1:03pm
3 minutes to read

Gentrack's shares took another dive on its latest earnings downgrade.

BUSINESS

NZ sharemarket hits record high after US/China trade deal

16 Jan, 2020 5:39pm
4 minutes to read

The sharemarket has rallied after the US and China agreed to pause their trade war.

Dairy accounted for 62 per cent of New Zealand's total food imports into China in 2018. Photo / File

BUSINESS

NZ tops China's food import list, overtaking the US

15 Jan, 2020 5:46pm
3 minutes to read

New Zealand jumped from third to overtake Australia and the United States.

BlackRock chairman and chief executive Larry Fink made a case for environmental sustainability. Photo / File.

BUSINESS

US$7t investment behemoth BlackRock goes green

15 Jan, 2020 5:42pm
3 minutes to read

BlackRock chief executive Larry Fink says corporates need to become sustainable.

BUSINESS

Markets pin hopes on US-China trade reconciliation

14 Jan, 2020 5:00am
4 minutes to read

Hopes are running high of that the US and China can mend their trade relationship.

ASB's Nathan Penny says an $8.00 milk price is only a matter of time. Photo / Supplied.

BUSINESS

Dairy bonanza: $8.00/kg milk price just 'a matter of time'

13 Jan, 2020 5:35pm
4 minutes to read

Fonterra's milk price hit a record high of $8.40/kg in 2013/14.

ANZ's Truckometer suggests economic growth is about to bottom out at 2 per cent. Photo / Northern Advocate.

BUSINESS

ANZ traffic data points to 2 pct NZ GDP growth

10 Jan, 2020 5:00am
2 minutes to read

NZ GDP has probably bottomed out out at 2 pct, according to ANZ's traffic data.

Iran is warning the United States and its allies in the region not to retaliate. In this file photo, President Donald Trump speaks to members of the military in Iraq. Photo/AP

BUSINESS

Worsening Iran-US conflict not a 'show stopper' for markets

8 Jan, 2020 4:07pm
3 minutes to read

Expect volatility, however

ASB Bank senior rural economist Nathan Penny. Photo / Supplied.

BUSINESS

Revealed: Outlook for New Zealand commodities in 2020

8 Jan, 2020 11:00am
4 minutes to read

New Zealand commodities prices are set remain strong year in 2020. .

Dairy prices have lifted at the first auction of the new decade. Photo / File

BUSINESS

Dairy prices kick off 2020 with a lift

8 Jan, 2020 6:14am
2 minutes to read

Dairy prices have partly reversed the previous sale's decline at the latest GDT auction.

Aussie investors cashed in on the NZ sharemarket's 30 per cent gain in 2019.

BUSINESS

Foreign ownership of local sharemarket falls as Aussies take profits

7 Jan, 2020 5:00am
4 minutes to read

The sharemarket's 30 per cent gain in 2019 was too much for Aussie investors to resist.

A2 Milk Back: David Mair, Richard LeGrice, Andrew Clark, Greg Hinton Front: Geoff Babidge, Jayne Hrdlicka and David Parker Picture supplied Rick Willis Director network

BUSINESS

And now it's back to the future for a2 Milk

3 Jan, 2020 3:00pm
4 minutes to read

With the return of Geoff Babidge, its back to the future for a2 Milk.

Government regulation did not stop the share market's record run in 2019. Photo / File.

BUSINESS

NZ markets emerge unscathed by regulation, but risks remain

28 Dec, 2019 5:00am
11 minutes to read

Government regulation did not stop the share market's record run in 2019.

New Japan-US trade deal could be bad news for NZ beef exporters

BUSINESS

Kiwi beef exporters fear backroom US/Japan trade deal

24 Dec, 2019 5:20pm
5 minutes to read

Local industry also concerned about the erosion of world trade rules.

The NZX is looking into the trading of CSM shares before the stock was suspended. Photo / File

BUSINESS

NZX looks into CSM share trading before reverse listing plan

19 Dec, 2019 5:50pm
2 minutes to read

The NZX is looking into trading of CSM shares before the stock was suspended.

Dairy prices fell sharplhy at this morning's GDT auction. Photo / File

BUSINESS

Last dairy auction for 2019 a fizzer

18 Dec, 2019 5:50pm
3 minutes to read

The last GDT auction for 2019 saw prices fall sharply.

BUSINESS

NZX suspends CSM share trading pending reverse takeover details

17 Dec, 2019 12:56pm
2 minutes to read

The NZX has suspended trading in CSM, pending more information about its reverse listing.

Incoming Air NZ chief exectuive Greg Foran. Photo / Supplied.

BUSINESS

Greg Foran's plan for his first 100 days as CEO of Air NZ

16 Dec, 2019 11:08am
3 minutes to read

Air NZ's new chief executive Greg Foran has plans for the airline in his first 100 days.

Geoff Babidge, a2 Milk's interim chief executive. Photo / Supplied

BUSINESS

Investors back a2 Milk's direction, but questions remain

14 Dec, 2019 5:00am
4 minutes to read

Investors have taken heart from the general direction of a2 Milk.

Warehouse Founder Sir Stephen Tindall. Photo / File

BUSINESS

Tindall Foundation backs community housing initiative

12 Dec, 2019 5:58pm
3 minutes to read

Sir Stephen Tindall's foundation has put its weight behind community housing finance.

NZIER principal economist Christina Leung. Photo / Supplied.

BUSINESS

NZIER says economy slows, risk of recession in 2020 low

12 Dec, 2019 5:38pm
3 minutes to read

NZIER says the risk of a recession next year is low.

Sistema Founder Brendan Lindsay. Photo / NZ Herald.

BUSINESS

Brendan Lindsay joins forces with Baker, Sinclair in backdoor listing

11 Dec, 2019 5:40pm
4 minutes to read

CSM is set to be come a vehicles for Brendan Lindsay, Grant Baker and Geoff Sinclair.

Rabobank NZ chief executvie Todd Charteris. Photo / NZ Herald.

BUSINESS

Higher commodities prices boost NZ farmer confidence - Rabobank

10 Dec, 2019 5:59pm
3 minutes to read

Improved confidence among farmers from all sector groups.

Outgoing A2 Milk chief executive Jayne Hrdlicka. Photo / Getty Images

BUSINESS

A2 Milk chair says CEO's departure not performance-related

9 Dec, 2019 5:46pm
5 minutes to read

A2 milk chair speaks on why Jayne Hrdlicka will leave the company.

A2 Milk managing director and CEO Jayne Hrdlicka is leaving the job immediately. Photo / file

BUSINESS

A2 Milk shares slide as CEO exits $2m job suddenly

9 Dec, 2019 5:45pm
4 minutes to read

The NZX-listed company is currently on the hunt for a replacement.

The Sharemarket has carried on regardless, driven by falling interest rates

BUSINESS

Three things driving the NZ sharemarket's rally

8 Dec, 2019 9:00am
4 minutes to read

Plus, was ANZ expecting tougher rules?

Adrian Orr hasn't held back in his battle with the banks. Photo / File

BUSINESS

NZ dollar, bank share prices rally after capital changes

5 Dec, 2019 5:45pm
3 minutes to read

Bank shares rallied after the Reserve Bank issued new capital requirements for the banks.

Fonterra has just released its first quarter update. Photo / File.

BUSINESS

Fonterra ups milk prices forecast and lifts Q1 earnings

5 Dec, 2019 8:17am
4 minutes to read

Fonterra has lifted its farmgate milk price.

South Island dairy group Van Leeuwen has refinanced $140m in debt. Photo / File

BUSINESS

Australia's Merricks closes $140m refinancing deal with Van Leeuwen Dairy Group

5 Dec, 2019 5:00am
4 minutes to read

South Island dairy group Van Leeuwen has refinanced $140m in debt.

BUSINESS

$660m Kiwi rich-lister invests in 188 new Auckland community homes

3 Dec, 2019 5:41pm
3 minutes to read

Brendan Lindsay's charitable trust has backed a community housing funding model.

Rio Tinto's majority owned smelter at Tiwai Piont is under review. Photo / Supplied

BUSINESS

Tiwai speculation prompts Transpower to re-start network upgrade

3 Dec, 2019 5:37pm
4 minutes to read

Transpower is upgrading its network in response the speculation over Tiwai Point.

Reserve Bank Governor Adrian Orr. Photo / NZ Herald

BUSINESS

All eyes on the Reserve Bank: Just how much should banks borrow?

2 Dec, 2019 5:00am
4 minutes to read

The Reserve Bank will release capital review this week.

2019 is shapingup to be the strongest the New Zealand share market has seen in just under 20 years. Photo / File

BUSINESS

On a roll - NZ stocks on their strongest run in 20 years

1 Dec, 2019 3:47pm
2 minutes to read

2019 is looking like being the strongest in just under 20 years.

Rakon components are used in space satellites and communciations networks. Photo / File.

BUSINESS

Investor fears Rakon may disappear into private equity

30 Nov, 2019 11:00am
2 minutes to read

A Rakon shareholder fears the company could go to private equity.

ASX chief executive Dominic Stevens (left) and the head of the ASX listings, Blair Harrison. Photo / Supplied

BUSINESS

Why the ASX keeps pinching our companies

29 Nov, 2019 5:41pm
4 minutes to read

The ASX opened a New Zealand office in June.

The Reserve Bank has once again highlighted dairy farm debt in its latest Financial Stability report. Photo / Supplied.

BUSINESS

Reserve Bank says indebted dairy industry still vulnerable

27 Nov, 2019 5:50pm
4 minutes to read

The Reserve Banks issued its six monthly Financial Stability Report today.

Cavalier expects its first half loss to narrow. Photo / Whanganui Chonicle.

BUSINESS

Cavalier expects first-half loss as sales slide

27 Nov, 2019 1:27pm
3 minutes to read

Challenging trading conditions expected to translate into a $1.1-$1.6m first-half loss.

Outgoing Westpac Australia chief executive Brian Hartzer. Photo / File

BUSINESS

Scandal as Westpac CEO quits: Ratings agency weighs in on bank saga

27 Nov, 2019 5:00am
5 minutes to read

Westpac Australia chief executive Brian Hartzer has fallen on his sword.

The rise of alternative milks didn't help, but Dean Foods' problems were also brought on by a decline in milk consumption in the US. Photo / 123RF

BUSINESS

Lessons from the demise of US dairy giant Dean Foods

23 Nov, 2019 5:00am
6 minutes to read

What can be learned from the collapse of US dairy giant, Dean Foods.

NZ pork produces are on high alert as African Swine Fever hits Timor-Leste. Photo / Supplied

BUSINESS

NZ pork producers on alert as African Swine Fever draws close

21 Nov, 2019 5:40pm
5 minutes to read

NZ Pork has warned that our pork industry would be decimated if it hit the country.

Austrac alleges Westpac engaged in widespread, systemic and frequent Anti-Money Laundering and Counter-Terrorism Financing failures. Photo / 123RF

BUSINESS

Westpac probe: Aussie regulator looking at child exploitation claims

20 Nov, 2019 6:13pm
4 minutes to read

Austrac alleges Westpac engaged in widespread, systemic and frequent AML and CTF failures.

A2 Milk is often targeted by short selling. Photo / File

BUSINESS

A2 Milk defies the bears at upbeat annual meeting

20 Nov, 2019 5:43pm
4 minutes to read

A2 Milk on rise after higher-than-expected profit margins revealed at annual meeting.

Pressure is building on Fonterra's farmgate milk price after another strong dairy auction. Photo / File

BUSINESS

ASB lifts milk price forecast to $7.50/kg after GDT

20 Nov, 2019 5:39pm
3 minutes to read

Prices lifted by 1.7 per cent at the latest Global Dairy Trade auction.

A2 Milk chief executive Jayne Hrdlicka. Photo / NZ Herald.

BUSINESS

A2 Milk shares surge on stronger margin outlook

19 Nov, 2019 8:50am
3 minutes to read

A2 Milk holds its annual meeting in Auckland today.

How low can they go? Are interests rates at the lowest point of the cycle? Photo / NZ Herald

BUSINESS

Have NZ interest rates bottomed?

16 Nov, 2019 5:00am
5 minutes to read

Have New Zealand interest rates reached the lowest point in the cycle?

Reserve Bank deputy governor Geoff Bascand. Photo / NZ Herald.

BUSINESS

RBNZ's Bascand says economy 'somewhere near' a turning point

14 Nov, 2019 5:50pm
3 minutes to read

The economy could be close to a turning point, according the RBNZ's Geoff Bascand.

Kiwi billionaire Graeme Hart. Illustration / Rod Emmerson, NZ Herald.

BUSINESS

Kiwi billionaire's group struggles through third quarter

13 Nov, 2019 5:47pm
3 minutes to read

Lower product prices drove earnings down for the debt-laden US packaging giant.

Mercury Energy chief executive Fraser Whineray. Photo / NZ Herald.

BUSINESS

Mercury plows ahead with $464m wind farm project despite uncertainty over Tiwai

13 Nov, 2019 5:00am
4 minutes to read

Mercury Energy is proceeding with its plans for NZ's biggest wind farm.

Fonterra has started selling down its stake in China's Beingmate. Photo / File

BUSINESS

Fonterra starts sell-down of Beingmate holding

11 Nov, 2019 3:24pm
2 minutes to read

The co-op said in August that it was winding back its relationship with Beingmate.

Lindsay Investment Trust principal Brendan Lindsay. Photo / Jason Oxenham, NZ Herald.

BUSINESS

Sistema founder buys 12 per cent stake in former scrap metal merchant CSM

11 Nov, 2019 11:10am
2 minutes to read

Brendan Lindsay has taken a 12 per cent stake in CSM.

Rio Tinto's Smelter at Tiwai Point. Photo / Supplied

BUSINESS

Power surge: What happens if Rio Tinto pulls the plug on Tiwai?

8 Nov, 2019 5:54pm
10 minutes to read

What are the scenarios if Rio Tinto closes its Smelter at Tiwai Point?

Weather can play a part in what drives markets, a study has found. Photo / Hawke's Bay Today

BUSINESS

Continuous Disclosure: What really drives markets? Biggest IPO yet

8 Nov, 2019 5:44pm
5 minutes to read

What really drives markets? It's the weather, according to an academic study.

Fletcher Buidling has remained in the influential MSCI index. Photo / Supplied

BUSINESS

Fletcher wins reprieve, rallies after retaining spot on MSCI index

8 Nov, 2019 5:42pm
2 minutes to read

Shares in Fletcher Building and Mercury Energy rallied sharply on the news.

Fonterra has set a high milk price for the current season. Photo / File.

BUSINESS

Dairy prices go beyond market expectations at GDT auction

6 Nov, 2019 6:43am
3 minutes to read

Dairy prices firmed by 3.7 per cent at this morning's GDT auction.

A2 Milk chief executive Jayne Hrdlicka. Photo / File

BUSINESS

Big Read: A2 Milk - formula for growth

1 Nov, 2019 5:46pm
9 minutes to read

Sharemarket giant A2 Milk is sure it won't fall foul of China's tougher food rules.

The Government's advisory group on M. bovis says it is confident the disease can be eradicated from NZ. Photo / Northern Advocate.

BUSINESS

Advisory group says M.bovis can be eradicated from NZ

30 Oct, 2019 5:44pm
2 minutes to read

An advisory group says it is confident M.bovis can be eradicated in NZ.

Fonterra's head office in Fanshawe St, Auckland. Photo / NZ Herald.

BUSINESS

Fonterra intends relocating 160 Auckland HQ staff to Takanini

25 Oct, 2019 6:02pm
3 minutes to read

Fonterra has talked to staff today about the move.

Fletcher Building shares rallied while its convention centure project burned. Photo / NZ Herald, Dean Purcell.

BUSINESS

Why Fletcher Building shares rallied as Auckland burned

25 Oct, 2019 5:43pm
5 minutes to read

Shares in Fletcher Building rallied while its convention centre project burned. Why?