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WEBWhole milk powder lifts at latest overnight auction. Dairy prices have improved as key export commodity whole milk powder increased 1.5% to US$3448 per tonne at the latest overnight auction. That followed a 2.5% decline a fortnight ago. The commodity earlier made two consecutive gains in August, following weakness in June and July.
Fletcher sets out to raise $700m
WEB6 hours ago · NBR Staff Mon, 23 Sep 2024. Fletcher Building will do a $700 million equity raise to strengthen its balance sheet. In a statement issued to the NZX this morning, Fletcher said $678m of the proceeds would be used to repay debt, with $22m going on the costs of the offer. New managing director Andrew Reding, who formally starts.
Politics - National Business Review
WEBACC proposes levy rate hike. ACC will still face a funding shortfall even with the proposed increases; public consultation on levy rates before Government decision. Brent Edwards Wed, 11 Sep 2024. Politics. 1.
NZX set to close out positive quarter as AIA placement settles
WEB10 hours ago · Will Mace Mon, 23 Sep 2024. Auckland International Airport’s $1.4 billion capital raise helped drag the local equities market into negative territory last week as investors freed up capital from other positions in order to participate in the country’s largest-ever raise. Nikko Asset Management portfolio manager Michael De.
Weekly Wrap: Te Reo Māori, climate plan, cybersecurity
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General Business
WEBCom Com: supermarkets as uncompetitive and profitable as ever. Grocery Commissioner wants to unleash more tools on the duopoly, including forcing the currently ineffective wholesale regime to work as intended. Dita De Boni …
NBR Focus - National Business Review
WEBANALYSIS: An off-the-rack solution to fix the immediate problem of reconnecting the Coromandel Peninsula via State Highway 25A proved its worth as a faster, cheaper option to developing a ‘bespoke’ design. Brent Melville Mon, 02 Sep 2024. NBR Focus.
Inflation falls to 4.7%; domestic prices remain sticky
WEBJan 24, 2024 · Background: Stats NZ data out today showed annual inflation fell to 4.7% in the year to December. The central bank kept the OCR at 5.5%, as widely expected, in November. But it said it had a ‘willingness’ to hike again, if needed this year. Key players: Stats NZ, ANZ, ASB, Westpac, Satish Ranchhod, RBNZ, Christian Hawkesby, Adrian Orr.
NBR Listers seek clarity over upcoming trust tax changes
WEBJonathan Mitchell Fri, 08 Mar 2024. Those on the NBR List are among a group of New Zealanders seeking guidance and clarity about the upcoming changes to the trust tax rate. NBR has reported recently about the proposed April 1 changes from 33% to 39% as causing a great deal of confusion following guidance to-and-fro from Inland.
The state of it: who’s who in NZ infrastructure
WEBThe state of it: who’s who in NZ infrastructure. ANALYSIS: The companies that have an important role in the country’s infrastructure pipeline, as well as opportunities for growth. WATCH: Civil Contractors New Zealand chief executive Alan Pollard speaks with political editor Brent Edwards. Jonathan MitchellTue, 03 Sep 2024.
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