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Tag: Business News

Covid-19 Impact: Next Six Months Seen As The Real Test For NZ Banks
Business, Finance
589 views
Business, Finance
589 views

Covid-19 Impact: Next Six Months Seen As The Real Test For NZ Banks

News Desk - Sep 24, 2020

Profitability of the country's banks has taken a significant hit from the Covid-19 pandemic but the worst may be yet to come, according to a new report.…

Fonterra Posts $659m Full Year Profit
Business, News
1451 views
Business, News
1451 views

Fonterra Posts $659m Full Year Profit

News Desk - Sep 21, 2020

Fonterra has posted a profit of $659 million as restructuring, improved sales and margins helped it recover from the previous year's massive loss. The profit to the…

Kiwibank Profit Down $51 Million From Last Year
Business, Finance
1825 views
Business, Finance
1825 views

Kiwibank Profit Down $51 Million From Last Year

News Desk - Sep 03, 2020

  Full year profit for the New Zealand-owned bank Kiwibank has halved year on year, as the bank set aside $51 million for bad and doubtful debts…

Air NZ Resumes Akld Flights From Monday – Masks Mandatory
Business, News
1764 views
Business, News
1764 views

Air NZ Resumes Akld Flights From Monday – Masks Mandatory

News Desk - Aug 29, 2020

  Air New Zealand will resume flying all of its Auckland domestic routes when the region moves to Alert Level 2 on Monday. The airline has been…

Air NZ Posts An After Tax Loss of $454 Million
Business, Jobs
1569 views
Business, Jobs
1569 views

Air NZ Posts An After Tax Loss of $454 Million

News Desk - Aug 27, 2020

Air New Zealand has posted one of the biggest corporate losses in recent memory as Covid-19 has all but grounded the airline in recent months.   The…

Alliance Group Loyalty Payments – Much Needed Cash For Rural Economy
Business, Farming
1801 views
Business, Farming
1801 views

Alliance Group Loyalty Payments – Much Needed Cash For Rural Economy

News Desk - Aug 19, 2020

Loyal shareholders in Alliance Group, New Zealand‘s only 100 per cent farmer-owned major red meat co-operative, have been rewarded with a $5 million distribution. The quarterly payments…

Covid-19 – Countdown Supermarkets Product Limits and Revised Trading Hours
Business, Covid-19
2672 views
Business, Covid-19
2672 views

Covid-19 – Countdown Supermarkets Product Limits and Revised Trading Hours

News Desk - Aug 12, 2020

Countdown has temporarily changed its opening hours nationwide and introduced limits on products that are in high demand, to help ease pressure on its store teams as…

Business Confidence Falls, as Post-Lockdown Rebound Fades
Business, News
1192 views
Business, News
1192 views

Business Confidence Falls, as Post-Lockdown Rebound Fades

News Desk - Aug 10, 2020

The post-lockdown rebound in economic activity appears to have run its course as businesses begin to feel the burn of a closed border. ANZ's latest monthly preliminary…

Merchant Fees to Drop – Businesses Hopeful Costs Will be Passed on
Business, Covid-19
1551 views
Business, Covid-19
1551 views

Merchant Fees to Drop – Businesses Hopeful Costs Will be Passed on

News Desk - Aug 04, 2020

Small businesses are cautiously optimistic a drop in charges for accepting credit card and contactless payments will help with cashflow woes. Visa and Mastercard have both agreed…

Alliance Group Announces Annual Roadshows Programme
Farming, News
297 views
Farming, News
297 views

Alliance Group Announces Annual Roadshows Programme

News Desk - Aug 03, 2020

Farmers are invited to attend Alliance Group’s 2020 Annual Roadshows over September and October. Twenty-three meetings will be held across the country, starting out in Omihi on…