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A worker at the Rakon factory at Mt Wellington. Photo / NZ Herald

BUSINESS

Rakon gives agitator Mike Daniel the cold shoulder, again

29 May, 2020 10:59am
4 minutes to read

Rakon has rejected a shareholder's suggestion that the company be put on the block.

Happy Valley Nutrition plans to build a $280m dairy plant at Otorohanga. Photo / Hawke's Bay Today

BUSINESS

Dairy start-up Happy Valley repays wage subsidy

28 May, 2020 5:54pm
3 minutes to read

The dairy start-up was able to secure the wage subsidy without 30pc drop in turnover.

Mainfreight's earnings improved over the 2019/20 year and the company maintained its dividend. Photo / File

BUSINESS

Why Mainfreight's share price keeps on trucking in a Covid-19 world

27 May, 2020 5:53pm
4 minutes to read

Mainfreight shares rallied by $2 on the back of its annual result and outlook.

The Reserve Bank says agriculture is faring quite well, but parts of the sector remain vulnerable due to high debt. Photo / Hawke's Bay Today

BUSINESS

NZ agriculture faring well 'but vulnerabilities remain' - Reserve Bank

27 May, 2020 11:30am
3 minutes to read

NZ agriculture is faring well but indebted dairy farmers remain vulnerable, RBNZ says.

Air New Zealand is slashing costs as it adjusts to the economic impact of Covid-19. Photo / NZ Herald

BUSINESS

Unparalleled impact: Air NZ facing worst case scenario

26 May, 2020 6:20pm
4 minutes to read

Air NZ is slashing costs as it faces most pessimistic of 'black swan' events.

Napier Port cleared its inventory of logs during the lockdown. Photo / Hawke's Bay Today

BUSINESS

Napier Port scraps first-half dividend

26 May, 2020 3:07pm
4 minutes to read

Napier Port had a strong first half, but Covid-19 has clouded the second-half outlook.

Māngere-based New Image says sales have lifted in response to the Covid-19 pandemic. Photo / Supplied

BUSINESS

New Image lifts production to meet health food demand

25 May, 2020 5:00am
2 minutes to read

New Image Group says sales have increased by 75 per cent over the last few months.

Technology has made buying and selling shares cheap and easy, even with a small amount of money. Photo / 123rf

BUSINESS

Covid-19 and the rise of pocket portfolio share trading platforms

22 May, 2020 5:00am
4 minutes to read

The Covid-19 pandemic has driven up the popularity of retail share trading platforms.

Fonterra has set a wide milk price range for 2020/21. Photo / File

BUSINESS

End of 'reset' nears as Fonterra sets a wide range for 2020/21

21 May, 2020 6:25pm
3 minutes to read

The once troubled Fonterra says its annual earnings forecast 2020/21 is on track.

Fonterra chief executive Miles Hurrell. Photo / NZ Herald

BUSINESS

What farmers can expect from Fonterra's Q3 update

20 May, 2020 5:32pm
3 minutes to read

Farmers are bracing for a drop in Fonterra's milk price forecast tomorrow.

Craigs Investment Partners has has formed an alliance with J.P. Morgan.

BUSINESS

Craigs IP forms strategic alliance with J.P. Morgan

20 May, 2020 12:56pm
2 minutes to read

Craigs Investment Partners has formed a strategic tie up with J.P. Morgan.

The Reserve Bank deputy governor says NZ mortgage rates need to drop further. Photo / File

BUSINESS

NZ mortgage rates need to fall further, says Reserve Bank

20 May, 2020 5:00am
4 minutes to read

Mortgage rates have come down but there's still scope to move lower, says Bascand.

Log prices rebounded during NZ's Covid-19 lockdown. Photo / Hawke's Bay Today

BUSINESS

NZ log prices rebounded strongly during level 4 lockdown

18 May, 2020 5:00am
4 minutes to read

Demand from China will determine whether rebound lasts for NZ exports.

The Goverment's increased borrowing requirement prompted selling in the bond market. Photo / File

BUSINESS

NZ 'big bang' budget more stimulative than expected, bond yields lift

14 May, 2020 6:05pm
3 minutes to read

Govt's plan to raise record $165b over the next four years caused stir in the bond market.

Reserve Bank Governor Adrian Orr. Photo / NZ Herald

BUSINESS

Reserve Bank leaves door ajar for negative NZ interest rates

13 May, 2020 8:28pm
4 minutes to read

RBNZ holds official rate at 0.25 pct but asks lenders to prepare for a shift below zero.

Finance Minister Grant Robertson. Photo / NZ Herald

BUSINESS

RBNZ ramping up bond buying as market braces for Govt's wall of debt

13 May, 2020 11:30am
5 minutes to read

Huge wall of bonds about to hit the market

Airfreighted exports of respiratory products shot higher in March. Photo / NZ Herald

BUSINESS

Airfreight exports of NZ respiratory products boomed in March - AIA

13 May, 2020 5:00am
3 minutes to read

Airfreighted exports of respiratory products shot higher in March, AIA says.

Freightways chief executive Mark Trougher.

BUSINESS

Go NZ! How Freightways hit the ground running when Covid-19 broke out

12 May, 2020 5:00am
5 minutes to read

Freightways has gone from one extreme to another since the Covid-19 outbreak.

Much rests on Fisher and Paykel Healthcare's future earnings prospects. Photo / Supplied

BUSINESS

F&P and a2 Milk powering market through crisis

8 May, 2020 7:00am
5 minutes to read

No pressure? Much rests on a2 Milk and F&P Healthcare - mainstays of the NZ share market.

Cannasouth chief executive Mark Lucas. Photo / NZ Herald.

BUSINESS

Kiwi cannabis firm to pay back $85,000 wage subsidy

7 May, 2020 10:00am
3 minutes to read

The company recently raised $6 million from investors.

Manuka honey exports are booming. Photo / Hawke's Bay Today

BUSINESS

Manuka honey is booming, so why are companies tapping into wage subsidies?

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

Manuka honey companies have applied and received the Government's wage subsidy.

ANZ has cut its milk price forecast for 2020/21. Photo / Hawke's Bay Today

BUSINESS

ANZ cuts milk price forecast, futures point to more weakness

5 May, 2020 5:34pm
3 minutes to read

ANZ has cut its farmgate milk price forecast for 2020/21.

BUSINESS

Reserve Bank report card after a month of QE

2 May, 2020 5:00am
7 minutes to read

It's been a month since the Reserve Bank started its QE programme. How did it fare?

Hannah Barrett, pictured with her husband, All Black Beauden Barrett, brings social media marketing skills to the Me Today board. Photo / Norrie Montgomery

BUSINESS

Grant Baker: Me Today out to surpass Trilogy

30 Apr, 2020 5:00am
5 minutes to read

Sistema founder Brendan Lindsay also has a stake.

A2 Milk chairman David Hearn. Photo / NZ Herald

BUSINESS

What a2 Milk chairman pocketed after exercising stock options

29 Apr, 2020 12:05pm
2 minutes to read

London-based chairman exercised share options when the stock was close to its record high.

BUSINESS

Fonterra boss says earnings, debt reduction on track

24 Apr, 2020 5:40pm
4 minutes to read

Co-op's foodservice business was the stand-out performer, especially in China.

Alliance says meat exports to China are now back to pre-Covid-19 levels. Photo / Whanganui Chronicle

BUSINESS

NZ meat exports to China back at pre-outbreak levels

24 Apr, 2020 5:00am
4 minutes to read

Alliance Group's meat exports to China are back to where they were before Covid-19.

A2 Milk chief executive Geoff Babidge has upgraded the company's earnings forecasts. Photo / NZ Herald

BUSINESS

A2 Milk lifts earnings forecasts as consumers fill their pantries

22 Apr, 2020 5:40pm
4 minutes to read

A2 Milk as upgraded its earnings forecasts on higher demand for its infant formula.

Dairy prices fell at the latest Global Dairy Trade auction, reversing gains made in early April. Photo / File

BUSINESS

Oil spill? Weak GDT auction casts a shadow over 2020/21 milk price

22 Apr, 2020 7:28am
3 minutes to read

Global Dairy Trade auction prices are now back to where they were in early January, 2019.

New Zealand petrol price have dropped by 44c a litre of 91 octane since the start of the year. Photo / Hawke's Bay Today

BUSINESS

Oil slump: So why are Kiwi motorists not enjoying the benefit at pumps?

21 Apr, 2020 7:00pm
4 minutes to read

Negative US oil prices will not mean cheaper prices at the NZ pump.

Most of New Zealand's mānuka honey is exported. Photo / Hawke's Bay Today

BUSINESS

Sweet spot: Why NZ's mānuka honey exporters are smiling again

21 Apr, 2020 5:33pm
4 minutes to read

The coronavirus pandemic has prompted increased demand for NZ's mānuka honey.

Fonterra chairman John Monaghan. Photo / NZ Herald

BUSINESS

Fonterra urges caution as farmers face an uncertain season

20 Apr, 2020 2:11pm
4 minutes to read

Fonterra has urged farmers to be cautious as they face uncertainty in the season ahead.

BUSINESS

How auditors are approaching company accounts

20 Apr, 2020 5:00am
6 minutes to read

There will be more audit opinions appearing in accounts than ever before.

Fonterra's Soprole paid higher prices for its milk in 2019. Photo / File

BUSINESS

Falling sales, lower milk supply hit Fonterra's Soprole in 2019

17 Apr, 2020 5:00am
4 minutes to read

Soprole's profit dropped 24 per cent in 2019

Rabobank NZ chief executive Todd Charteris. Photo / NZ Herald

BUSINESS

Turning point: Economists revise milk price forecasts against virus backdrop

12 Apr, 2020 5:00pm
3 minutes to read

Impact may be reduced by farmers' debt reduction during current era of strong prices.

Investors lined up to take part in Auckland Airport's share placement this week. Photo / File

BUSINESS

Continuous Disclosure: Why investors are lining up for NZ recapitalisation plans

10 Apr, 2020 1:00pm
4 minutes to read

Plus, is Sky City next in line to raise capital?

Comvita is New Zealand's biggest manuka honey exporter. Photo / File

BUSINESS

Comvita removes reference to 'immunity' from honey product descriptions

9 Apr, 2020 5:38pm
3 minutes to read

MPI has taken New Zealand's biggest manuka honey exporter to task over its health claims.

Shipping capacity between NZ and key north Asian markets fell by 35 per cent in the month of March alone. Photo / Getty Images

BUSINESS

NZ-North Asia shipping severely curtailed by outbreak disruption

9 Apr, 2020 5:00am
4 minutes to read

Shipping capacity between NZ and key north Asian markets has fallen drastically.

Auckland Mayor Phil Goff. Photo / NZ Herald

BUSINESS

Auckland Council investment diluted as investors gobble up Auckland Airport shares

7 Apr, 2020 5:50pm
4 minutes to read

Auckland Mayor Phil Goff says council's holding in AIA will fall to 18 per cent from 20.

Auckland Airport is well on the way towards raising $1.2 billion as it seeks to shore up its balance sheet to absorb the financial shock incurred by the Covid-19 pandemic. Photo / NZ Herald

BUSINESS

'Global response' to Auckland Airport's fund raising bid

7 Apr, 2020 9:28am
2 minutes to read

How AIA's $1.2 billion fund raising is progressing.

Share placements, SPPs and accelerated offers are set to become the norm on the NZX. Photo / AP

BUSINESS

Raising capital: How NZ companies can prepare for the Covid-19 storm

6 Apr, 2020 5:00am
5 minutes to read

Share placements, SPPs and accelerated offers are set to become the norm on the NZX.

F&P Healthcare shares have continued to rally while the broader market has tanked. Photo / NZ Herald

BUSINESS

Continuous Disclosure: Sharemarket's biggest company keeps going up

3 Apr, 2020 9:00am
5 minutes to read

Plus, Heartland shareholders still waiting for clarity.

Some sheep meat processing works are running at 50 per cent capacity. Photo / Whanganui Chronicle

BUSINESS

NZ meat sector still functioning at reduced capacity due to Covid-19 measures

2 Apr, 2020 5:00am
5 minutes to read

The country's meat processors are still functioning, but at reduced capacity.

Finance Minister Grant Robertson. Photo / File

BUSINESS

NZ Treasury unveils record bond tender programme

1 Apr, 2020 5:33pm
3 minutes to read

The Treasury has unveiled a huge bond tender programme to combat Covid-19.

S&P Global says New Zealand's banks should be able to handle credit losses arising from the Covid-19 driven downturn. Photo / NZ Herald

BUSINESS

NZ banks should be able to absorb credit losses - S&P

1 Apr, 2020 5:00am
3 minutes to read

S&P Global says banks should be able to handle the impact of the Covid-19 downturn.

ASB says much will depend on the duration of the lockdown. Photo / Rotorua Daily Post

BUSINESS

New forecast: NZ economy set to contract by 6 per cent in 2020

29 Mar, 2020 8:43am
3 minutes to read

However, much depends on the duration of the shutdown.

The coravirus outbreak has created extra demand for F&P Healthcare's respiratory products. Photo / NZ Herald

BUSINESS

F&P Healthcare shares volatile amid sharemarket meltdown

27 Mar, 2020 5:42pm
3 minutes to read

Fisher and Paykel Healthcare's share price traded through some big ranges this week.

Investors are bracing for a wave of capital raisings as a result of Covid-19. Photo / 123RF

BUSINESS

Coronavirus: How deep are your pockets? Investors face a test

25 Mar, 2020 5:46pm
5 minutes to read

Investors are bracing for a wave of capital raisings as a result of Covid-19.

NZ stocks opened strongly after US stocks staged a 10 per cent rebound. Photo / File

BUSINESS

NZ stocks open strongly after Wall St stages big rebound

25 Mar, 2020 9:10am
4 minutes to read

NZ stocks opened strongly after Wall Street staged its biggest rebound since the GFC.

Reserve Bank of NZ assistant governor, Christian Hawkesby. Photo / Supplied

BUSINESS

RBNZ acts to support money markets - but no QE yet

20 Mar, 2020 5:36pm
4 minutes to read

The Reserve Bank has stepped in to help smooth money markets.

Synlait Milk chief executive Leon Clement. Photo / NZ Herald

BUSINESS

Synlait CEO says dairy will be resilient in face of coronavirus

20 Mar, 2020 5:00am
3 minutes to read

People still need to eat, Leon Clement says.

Panic has hit the funding market. Photo / AP

BUSINESS

Explainer: How demand for cash is distorting NZ short term funding market

20 Mar, 2020 4:59am
3 minutes to read

The dash for cash is causing major distortions in the NZ money market.

The US market was rocked overnight. Photo / Ap.

BUSINESS

NZ stocks open soft, F&P Healthcare gain offsets deeper loss

19 Mar, 2020 10:27am
2 minutes to read

The New Zealand sharemarket opened weaker after another decline on Wall Street.

Fonterra chief executive Miles Hurrell. Photo / File

BUSINESS

Fonterra's Miles Hurrell: 'We're only half-way there'

18 Mar, 2020 5:50pm
4 minutes to read

Fonterra has reported a big lift in its first half profit, but the co-op has a way to go.

Fisher and Paykel Healthcare chief executive Lewis Gradon. Photo / NZ Herald

BUSINESS

F&P Healthcare shares rally sharply after earnings upgrade

17 Mar, 2020 9:11am
3 minutes to read

F&P Healthcare's respiratory products are used in treating patients with coronavirus.

BUSINESS

NZ Govt bond market braces for big fiscal stimulus package

17 Mar, 2020 5:00am
3 minutes to read

Grant Robertson set to unveil a big fiscal stimulus package today.

BUSINESS

Market meltdown: What fund managers do when cash is king

16 Mar, 2020 5:49am
6 minutes to read

Fund managers say cool head key to seeing out market ructions.

Wall Street suffered its worst fall since 1987. Photo / File

BUSINESS

NZ stocks plunge, now down 20 per cent in a month

13 Mar, 2020 10:28am
5 minutes to read

Auckland International Airport shares fell hard

Wall Street had its worst one-day points fall in history. Photo / AP

BUSINESS

Kiwi investors lick their wounds after Wall St mauling

10 Mar, 2020 5:55pm
4 minutes to read

Regional markets showed signs of levelling out a rout in US markets overnight.

Australian stocks tumbled 6 per cent after oil prices crashed. Photo / AP

BUSINESS

Stocks pummeled, futures suggest rough day for Wall St

9 Mar, 2020 1:47pm
3 minutes to read

ASX tumbles 6 per cent, NZX down 3 per cent

BUSINESS

Coronavirus: Napier Port expects slowdown in log exports

6 Mar, 2020 5:41pm
3 minutes to read

Napier Port expects to see a slowdown in log exports due to coronavirus.

F&P Healthcare chief executive Lewis Gradon. Photo / File

BUSINESS

Will F&P Healthcare benefit from the coronavirus outbreak?

4 Mar, 2020 5:38pm
5 minutes to read

F&P Healthcare's stock has been on a record breaking run over the past 12 months.