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Stats NZ says GDP lifted by 0.5 per cent in the June quarter. Photo / NZ Herald.

BUSINESS

NZ's June quarter GDP shows economy slowing down

19 Sep, 2019 10:50am
3 minutes to read

Stats NZ said the increase was driven mostly by the service sector.

Investors flocked to the Government's offer of $2 billion in 2031 bonds. Photo / AP

BUSINESS

Investors gobble up monster $2b Govt bond issue

18 Sep, 2019 6:20pm
2 minutes to read

The bonds carry a coupon of 1.50 per cent with a yield to maturity of 1.42 per cent.

The Government, through the Treasury, has just launched a $2 billion bond issue. Photo / NZ Herald.

BUSINESS

NZ Govt launches huge bond issue to raise up to $2b

17 Sep, 2019 6:17pm
2 minutes to read

The Government has just launched 2031 bond aimed at raising $2 billion.

Z Energy says a $3.00/litre petrol price, post the attack on a Saudi oil facility, was very unlikely. Photo / NZ Herald.

BUSINESS

Z Energy says $3/litre petrol price 'very unlikely', post Saudi attack

16 Sep, 2019 3:20pm
3 minutes to read

Z Energy says $3/litre petrol unlikely after Saudi oil refinery atack.

A2 shares have rallied sharply after Mengiu's announced takeover of Bellamy's. Photo / NZ Herald.

BUSINESS

A2 Milk jumps sharply off back of Bellamy deal

16 Sep, 2019 12:53pm
2 minutes to read

A2 Milk shares rallied after Mengniu announced a takeover of Bellamy's in Australia.

GDP data out this week is expected to show the economy slowed down over the second quarter. Photo / NZ Herald.

BUSINESS

Running out of puff - NZ GDP data expected to reveal slowdown

15 Sep, 2019 2:23pm
3 minutes to read

Data out this week is expected to show the economy remains in slowdown mode.

S&P Global said Fonterra's credit rating is not under threat. Photo / File

BUSINESS

S&P analyst says Fonterra rating not under threat - yet

11 Sep, 2019 6:24pm
4 minutes to read

S&P says Fonterra's credit rating is not under threat as the co-op restructures.

Fonterra CFO Marc Rivers, Chairman John Monaghan and CEO Miles Hurrell are due to report a massive loss later this month. Photo/Dean Purcell

BUSINESS

Fonterra has 'lost its way', staff brace for more job cuts

11 Sep, 2019 5:55pm
4 minutes to read

Fonterra confirms jobs on the line as part of new strategy; S&P weighs in.

Banks should now be able to offer more attractive home mortgage rates, KPMG said. Photo / File

BUSINESS

Mortgage wars: NZ banks lock in cheap funding through bond feeding frenzy

11 Sep, 2019 6:00am
4 minutes to read

NZ banks lock in lower funding costs - KPMG.

Cannabis research company Cannasouth has seen its NZX-listed shares trade a in wide range. Photo / Getty Images

BUSINESS

Cannasouth shareholders take a walk on the wild side

10 Sep, 2019 6:30pm
2 minutes to read

Cannasouth trades in a huge range, prompts an NZX inquiry.

New plan to make markets roar. File photo / Jason Oxenham

BUSINESS

Supercharging the markets: New push to pump money into companies

10 Sep, 2019 6:10pm
4 minutes to read

Capital Markets 2029 makes a case for giving KiwiSaver members more choice.

Fonterra is due to report its annual result next week. Photo / NZ Herald.

BUSINESS

Continuous Disclosure: ANZ sounds Fonterra warning, mystery IPO in the wind

6 Sep, 2019 6:05pm
7 minutes to read

Market news and views.

Fonterra has maintained its wide $6.25 to $7.25/kg of milksolids milk price. Photo / File

BUSINESS

Fonterra maintains a wide milk price forecast for 2019/20

3 Sep, 2019 6:14pm
3 minutes to read

Fonterra has maintained its wide $6.25 to $7.25/kg of milksolids milk price.

India is tipped to become an important trade partner for the NZ meat market. Photo / Getty Images

BUSINESS

NZ meat industry pins its hopes on India as an export target

1 Sep, 2019 12:31pm
5 minutes to read

Alliance Group and the meat industry have high hopes for India as an export destination.

Some saw a2 Milk's 47 per cent lift in net profit to $287.7m as a disappointment. Photo / File

BUSINESS

Corporate earnings hint at glide path lower for growth

30 Aug, 2019 5:45pm
4 minutes to read

Results solid but outlook clouded with uncertainty, say fund managers.

A strong milk price is good for farmers but are cold comfort for Fonterra itself.

BUSINESS

Will Fonterra bump up its farmgate milk price forecast?

28 Aug, 2019 7:20pm
4 minutes to read

Dairy farmers are facing tight credit conditions and higher compliance costs.

FMS, which owns Sealegs, has applied to have its shares de-listed from the NZX. Photo / Hawke's Bay Today.

BUSINESS

Sealegs owner Future Mobility seeks de-listing from NZX

28 Aug, 2019 12:11pm
2 minutes to read

Future Mobility Systems is seeking to de-list from the NZX.

BUSINESS

Orion Marine wins appeal in copyright case vs Sealegs

27 Aug, 2019 6:35pm
2 minutes to read

Orion Marine has won its appeal against an injunction taken out by Sealegs.

NZ loggers are under pressure from low log prices. Photo / NZ Herald

BUSINESS

NZ loggers feel the pinch after price slump

27 Aug, 2019 6:10pm
4 minutes to read

Logging contractors are letting staff go or are working on reduced hours.

Tourism Holdings annual net profit has slumped on the back of poor sales in US. Photo / Supplied.

BUSINESS

US sales slump drags THL's annual net profit down

27 Aug, 2019 9:46am
2 minutes to read

Tourism Holdings annual net profit has slumped due to a sales drop in the US.

A2 Milk managing director and CEO Jayne Hrdlicka, during a launch of the partnership between A2 and Fonterra's Anchor milk brands which have started supplying to North Island stores. 2 August 2018 New

BUSINESS

Revealed: What A2 Milk CEO plans to do with her newly vested shares

26 Aug, 2019 3:00pm
3 minutes to read

CEO details plans for her newly acquired a2 Milk shares.

A2 Milk managing director and chief executive Jayne Hrdlicka. Photo / NZ Herald.

BUSINESS

A2 Milk issues shares worth $1.2m to CEO for transition

26 Aug, 2019 8:24am
2 minutes to read

A2 Milk has issued shares worth $1.2m to CEO Jayne Hrdlicka.

NZ log prices have improved after slumping earlier in the year. Photo / File

BUSINESS

NZ log export prices bottom out after slump

25 Aug, 2019 4:00pm
3 minutes to read

NZ log prices have improved after slumping earlier in the year.

Meridian Energy is due to report its annual result. Photo / NZ Herald.

BUSINESS

Utilities take centre stage as NZ reporting season trundles on next week

25 Aug, 2019 2:05pm
2 minutes to read

Utilities are set to dominate the company reporting season next week.

A2 Milk chief executive Jayne Hrdlicka. Photo / File

BUSINESS

Creaming it: a2 Milk's steady rise to the top

24 Aug, 2019 8:45am
8 minutes to read

Former market minnow is now a powerhouse, writes Jamie Gray.

A2 Milk's share price took a beating, despite reporting a bumper annual result. Photo / NZ Herald.

BUSINESS

$1 billion puzzle: Why A2's record result still not enough

22 Aug, 2019 6:12pm
4 minutes to read

Alternative milk company A2 Milk continues to invest in growth.

BUSINESS

A2 shares plunge despite big increase in net profit

21 Aug, 2019 8:30am
3 minutes to read

Investors disappointed, even though A2 delivered.

The Commerce Commission has taken a swipe at the fuel companies over petrol and diesel prices. Photo / File.

BUSINESS

ComCom's blunt message to fuel companies

21 Aug, 2019 5:00am
4 minutes to read

Analysts say the commission's report is a warning to the industry to self-regulate.

Napier Port shares debuted on the NZX this morning. Photo / File

BUSINESS

Log price slump fails to dent Napier Port's NZX debut

20 Aug, 2019 6:28pm
4 minutes to read

Napier Port shares have listed on the NZX.

Air NZ Boeing 787-9 Dreamliner at Auckland Airport. Photo / Grant Bradley

BUSINESS

Uncertain outlook as NZX big guns report earnings

19 Aug, 2019 5:00am
3 minutes to read

Firmer results, but the outlook is far from blue sky.

Specialist Mario Picone works on the floor of the New York Stock Exchange on Wednesday. Photo / AP

BUSINESS

Recession warning: Kiwi stocks fall as Wall St slumps

15 Aug, 2019 10:12am
7 minutes to read

Key indicator has predicted many past recessions and is the loudest warning bell yet.

NZ-China Council executive director Stephen Jacobi. Photo / File

BUSINESS

China's NZ investment a distant second to Aussie - report

15 Aug, 2019 5:00am
3 minutes to read

Investment from China has continued to grow strongly in recent years.

Medical Cannabis researchers (from left) Mark Lucas, Nic Foreman and PhD student Daniel Reason of Cannasouth Plant Research in their Hamilton research laboratory.

BUSINESS

Cannaouth to issue new shares to build Waikato greenhouse

14 Aug, 2019 10:15am
2 minutes to read

Cannasouth will issue new shares to build a cannabis facility in the Waikato.

NZX chief executive Mark Peterson. Photo / NZ Herald.

BUSINESS

Trimmed down NZX lifts first half profit, sees strong second half

13 Aug, 2019 6:28pm
3 minutes to read

A slimmed down NZX has lifted its first half profit, despite a lack of new IPOs.

Fonterra CEO Miles Hurrell, pictured in the office at the Fonterra HQ in Central Auckland. 16 July 2019 New Zealand Herald photo; Peter Meecham.

BUSINESS

Fonterra heads towards biggest ever loss as writedowns bite

12 Aug, 2019 5:49pm
4 minutes to read

S&P warns Fonterra that it could be in for a credit rating downgrade.

Chairs and workers in the Fonterra HQ in Central Auckland. 16 July 2019 New Zealand Herald photo; Peter Meecham.

BUSINESS

Fonterra's writedowns 'painful but necessary'

12 Aug, 2019 1:13pm
2 minutes to read

Fonterra's credit rating could come under downward pressure.

Fonterra has forecast a big loss this financial year. Photo/Mark Mitchell.

BUSINESS

Sour milk: Fonterra reveals loss up to $675m

12 Aug, 2019 8:40am
3 minutes to read

Fonterra has announced a big write-down and forecast a loss of up to $675 million.

The rise of plantation forestry is facing some pushback in some rural areas. Photo / File

BUSINESS

Billion trees backlash: Shane Jones on the defensive

12 Aug, 2019 5:00am
5 minutes to read

Forestry Minister Shane Jones says New Zealand land use change is on a march.

Investors will need to diversify as they adapt to lower returns from deposits. Photo / File

BUSINESS

Investors need to diversify in low rate world - fund managers

9 Aug, 2019 5:50pm
4 minutes to read

Diversification is the name of the game in the wake of the Reserve Bank's OCR cut.

Napier Port shares have been priced at the top of the range. Photo / Hawke's Bay Today.

BUSINESS

Napier Port shares priced at $2.60

8 Aug, 2019 8:49am
2 minutes to read

The port will have a market cap will of $520m on listing.

Reserve Bank Governor Adrian Orr has taken a big bet by slashing the OCR. Photo / File

BUSINESS

Reserve Bank rolls out heavy artillery as NZ economy cools

7 Aug, 2019 6:32pm
4 minutes to read

Reserve Bank stunned the financial markets today by cutting its official cash rate.

Napier Port shares are expected to be priced near the top of an indicative range. Photo / Supplied

BUSINESS

Napier Port shares priced amid market uncertainty

7 Aug, 2019 6:30pm
3 minutes to read

Napier Port shares are expected to be priced tomorrow.

Global dairy prices fell at the latest auction. Photo / Getty Images

BUSINESS

China trade war prompts Westpac to cut NZ milk price forecast

7 Aug, 2019 6:23am
3 minutes to read

The trade war is hitting NZ dairy.

Presidents Xi Jinping (left) and Donald Trump. Photo / AP

BUSINESS

Uncertainty rules as US, China slug it out in trade and currency war

6 Aug, 2019 6:30pm
3 minutes to read

The New Zealand sharemarket finished 1.66 per cent down.

The local market followed the US down. Photo / File

BUSINESS

NZ, Pacific Rim markets drop after rising trade tensions drive Wall Street lower

6 Aug, 2019 11:21am
2 minutes to read

New Zealand stocks fell in response to Wall Street's sharp decline.

The New Zealand share market is poised to open lower after Wall Street's sharp decline. Photo / File.

BUSINESS

NZ sharemarket braces for fall after Wall Street rocked

6 Aug, 2019 9:38am
2 minutes to read

NZ stocks are poised to open lower after a sharp decline on Wall Street.

Fonterra wants to reduce its carbon emissions to a zero by 2050. Photo / NZ Herald.

BUSINESS

Network company tells Fonterra to look at gas to reduce emissions

4 Aug, 2019 4:00pm
4 minutes to read

First Gas says gas should be looked at to reduce carbon emissions.

Yili sees Westland as important part of its dairy empire. Photo / File

BUSINESS

'A dairy silk road': Why Chinese giant dropped $588m on Kiwi firm

2 Aug, 2019 8:32am
3 minutes to read

Yili has completed its $588m purchase of Westland Milk.

Danone aims to go carbon neutral with an upgrade to its Balclutha plant. Photo / Supplied.

BUSINESS

Danone to spend $40m on Balclutha biomass boiler and upgrade,

30 Jul, 2019 5:00am
3 minutes to read

Danone plans to make its Balclutha milk powder plant carbon neutral.

China has overtaken the US and New Zealand's biggest market for beef. Photo / NZ Herald.

BUSINESS

China overtakes US as biggest buyer of NZ beef, swine fever a factor

29 Jul, 2019 6:00pm
3 minutes to read

China has become the number one export destination for New Zealand beef.

Royal Caribbean's megaliner, Ovation of the Seas, the fourth largest cruise ship in the world and the largest to visit New Zealand, heads into Auckland. Photo / File

BUSINESS

NZ lags as world shipping moves to cleaner fuel

27 Jul, 2019 8:45am
7 minutes to read

Big changes lie ahead for the logistics sector as ships move to low sulphur fuel.

Britain's new prime minister, Boris Johnson. Photo / File

BUSINESS

What a hard Brexit could mean for NZ's trade with UK

25 Jul, 2019 6:38pm
4 minutes to read

The rise of Boris Johnson has added more uncertainty to the mix for trade with Britain.

Farm syndicator Craigmore Sustainables is going to convert 137ha of Northland dairy country to kiwifruit production. Photo / Supplied

BUSINESS

Dairy farm to become one of NZ's biggest kiwifruit orchards

22 Jul, 2019 4:04pm
3 minutes to read

More Northland dairy country is to be converted to kiwifruit production.

Fonterra CEO Miles Hurrell, pictured in the office at the Fonterra HQ in Central Auckland. Photo / File

BUSINESS

Fonterra boss: We can turn this around

20 Jul, 2019 9:24am
10 minutes to read

Miles Hurrell is a man on a mission to turn around Fonterra.

An analyst says a key issue at Australia's biggest co-op Murray Goulburn, just sold to Canada's Saputo, was finding capital. Photo / Bloomberg

BUSINESS

Dairy co-ops a dying breed across the Tasman

20 Jul, 2019 9:00am
3 minutes to read

Co-op's now account for less than 5 per cent of the milk pool in Australia.

BUSINESS

Fonterra winds back coal use 11 years ahead of schedule

18 Jul, 2019 7:32am
3 minutes to read

Fonterra says it will stop installing new coal boilers as of today.

Yili has gained OIO approval to buy Westland Milk. Photo / Supplied.

BUSINESS

Chinese dairy giant gains clearance to buy Westland Milk

16 Jul, 2019 6:35pm
3 minutes to read

The OIO approved the sale of Westland Milk to China's Yili.

More cruise ships are calling at Napier Port. Photo / Supplied

BUSINESS

Napier Port shares pitched at $2.27 to $2.60

15 Jul, 2019 3:58pm
3 minutes to read

Listing on the NZX is expected next month and could raise up to $234m.

Higher petrol prices are expected to feed into the June quarter consumers price index. Photo / NZME

BUSINESS

More interest rate cuts in store despite expected blip in June quarter inflation

15 Jul, 2019 5:00am
4 minutes to read

More official interest rate cuts are in store despite an expected lift in the quarter CPI.

Export log prices have fallen sharply after demand in China dried up. Photo / Whanganui Chronicle

BUSINESS

NZ log traders were 'intoxicated' by high China export prices - Jones

12 Jul, 2019 5:58pm
4 minutes to read

NZ export log traders got carried away with high prices, Shane Jones says.

Shares in a2 Mik have rallied sharply the back of broker upgrades. Photo / NZ Herald.

BUSINESS

A Kiwi company's value skyrocketed by $735m. Here's why

10 Jul, 2019 6:30pm
3 minutes to read

A2 Milk has rallied sharply has analysts adopted a more positive outlook on the stock.

NZ's log trade could take six months to recover from a price slump. Photo / File

BUSINESS

NZ log export trade could take 6 months to recover after price slump

10 Jul, 2019 6:15pm
4 minutes to read

And it's unlikely prices will revisit recent highs any time soon.