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Number of firms in NZ hits new record despite gloom

Business confidence might be stuck in the doldrums but the number of individual enterprises in New Zealand continues to grow, according to new data from StatsNZ.As of February 2022, New Zealand had 592,700 enterprises, an increase... Source: NZ Herald Business News

By | October 27th, 2022|Business|0 Comments

Adrian Orr: Beating inflation will mean higher unemployment

A full review of how the Reserve Bank responded to the pandemic will be released next month, Reserve Bank Governor Adrian Orr confirmed today.In a speech at the Institute of Finance Professionals (INFINZ) annual conference this... Source: NZ Herald Business News

By | October 26th, 2022|Business|0 Comments

Fire fallout: SkyCity-Macquarie $220m car park deal disintegrates

SkyCity's $220 million deal to offload its car parks to investment giant Macquarie has fallen through due to damage from the huge 2019 fire at the nearby New Zealand International Convention Centre construction site.The Herald last... Source: NZ Herald Business News

By | October 26th, 2022|Business|0 Comments

New Zealand small businesses bolstered by sales and jobs growth – Xero index

Rising sales and job growth has bolstered New Zealand's small business economy.Xero's Small Business Index for September has revealed small businesses are so far navigating the changing economic climate.Sales growth was strong... Source: NZ Herald Business News

By | October 26th, 2022|Business|0 Comments

Rockit Global Limited to begin growing apples in South Island

Rockit Global Limited predict changing times for the Hawke's Bay apple industry.The company will begin growing fruit in Canterbury and Nelson next year, as they seek to increase exports from 76 million apples to 160 million.Rockit... Source: NZ Herald Business News

By | October 26th, 2022|Business|0 Comments

Australian inflation surges to 7.3 per cent

Annual consumer price index inflation has reached its highest in more than three decades, driven by goods, according to the latest data from the Australia Bureau of Statistics.Goods accounted for more than three quarters of the... Source: NZ Herald Business News

By | October 26th, 2022|Business|0 Comments

ANZ Business Outlook: Confidence resumes its slide on sticky inflation

After a brief outbreak of optimism last month, business confidence resumed its downward slide in October.The ANZ Business Outlook survey shows confidence and expectations around firms' own activity both fell.Both measures rose... Source: NZ Herald Business News

By | October 26th, 2022|Business|0 Comments

TVNZ loses Dr Who to Disney+ as another franchise goes global

Dr Who fans will have to shell out $12.99 a month for a Disney+ subscription if they want to watch future series of the iconic British show.TVNZ has lost the rights to the series.The BBC has reached a deal that will see Dr Who... Source: NZ Herald Business News

By | October 26th, 2022|Business|0 Comments

Household inflation: Superannuitants get hammered, all households face rising prices

New household inflation stats have shed light on who's getting hit hardest by runaway prices.Stats NZ has released the household living costs price index for the September quarter - and it showed the elderly had an especially tough... Source: NZ Herald Business News

By | October 25th, 2022|Business|0 Comments

Former TVNZ CEO Kevin Kenrick pocketed nearly $2.1 million after final eight months at state broadcaster

Former TVNZ chief executive Kevin Kenrick pocketed nearly $2.1 million after his final eight months in the job.The state broadcaster's annual report reveals that Kenrick, who left the job in February this year, snared $2.087m during... Source: NZ Herald Business News

By | October 25th, 2022|Business|0 Comments