App explosion: Disney's direct-to-consumer streaming revenue up 73pc to US$3.5b

Here's another marker of how Covid has accelerated the streaming revolution.Disney has made staggering gains with its direct-to-consumer apps over the past 12 months - a development that has implications for local players from... Source: NZ Herald Business News

By | February 12th, 2021|Business|0 Comments

Kathmandu's sales up 12% in 1st half, stays mum on dividend

Kathmandu said its group sales for the first half, including a full six-month contribution from Rip Curl, were running at about 12 per cent ahead of the same time in the previous corresponding period.The company said its EBITDA... Source: NZ Herald Business News

By | February 12th, 2021|Business|0 Comments

Air New Zealand equity raise: Government confirms it will participate to retain stake

The Government will retain its majority stake in Air New Zealand by participating in a capital raise this year, Finance Minister Grant Robertson says.But Cabinet must be satisfied with the terms of the airline's proposed equity... Source: NZ Herald Business News

By | February 12th, 2021|Business|0 Comments

Local Focus: Free trade agreement beneficial to Māori business

Te Arawa fisheries is one of the many Māori-owned businesses welcoming the upgrade of the existing Free Trade Agreement between China and New Zealand.Te Taumata chairman, Chris Karamea Insley, said the agreement was fundamental... Source: NZ Herald Business News

By | February 12th, 2021|Business|0 Comments

BOC to supply 'green' carbon-free hydrogen to NZ Steel at Glenbrook

Gas and engineering company BOC says its plant at Glenbrook will produce the first supply of certified carbon-free, or "green", hydrogen in New Zealand.BOC, a subsidiary of the American-Anglo-German multinational Linde plc, said... Source: NZ Herald Business News

By | February 11th, 2021|Business|0 Comments

Entertainer pleads guilty to attempting to pervert justice on eve of prominent businessman's trial

A New Zealand entertainer has pleaded guilty to attempting to pervert the course of justice on the eve of his and a prominent and wealthy businessman's trial.The entertainer, who still cannot be named, appeared this afternoon in... Source: NZ Herald Business News

By | February 11th, 2021|Business|0 Comments

My Food Bag seeks up to $342m in IPO, sets March 5 date for dual listing

My Food Bag plans to sell up to 185 million shares in an initial public offer that values the meal kit company at just under $450 million.The company has filed its product disclosure statement and says it aims to list on the NZX... Source: NZ Herald Business News

By | February 11th, 2021|Business|0 Comments

Cathay Pacific suspends services between Auckland and Hong Kong

Cathay Pacific is suspending twice weekly services between Hong Kong and Auckland because of tough new quarantine requirements for aircrew in the territory.From the end of next week Hong Kong-based pilots and cabin crew are required... Source: NZ Herald Business News

By | February 11th, 2021|Business|0 Comments

Cyber security to be ramped up ahead of Covid-19 vaccine rollout

By Rowan Quinn for RNZ Government agencies are gearing up to combat a barrage of vaccine-related scams expected to hit during the Covid-19 immunisation campaign.Other countries have been dealing with cyber criminals using the... Source: NZ Herald Business News

By | February 11th, 2021|Business|0 Comments

Blis Technologies halves 2021 earnings forecast as costs rise

Blis Technologies has halved its 2021 operating earnings forecast due to higher costs and a return to more normal trading conditions following a Covid-driven spike in sales towards the end of its previous financial year.Auckland-based... Source: NZ Herald Business News

By | February 11th, 2021|Business|0 Comments