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Resilient NZ market an attractive harbour for nervous investors
New Zealand shares rose as the resilient local market provided an attractive harbour for investors anxious about the spread of coronavirus in China. Defensive stocks such as utilities and property companies led the gain.The S&P/NZX...Tuesday, January 21, 2020NZ dollar eases on weak services data, Chinese virus
The New Zealand dollar weakened after data showed the services sector fell to its lowest level of activity in more than seven years.The kiwi was trading at 66.07 US cents at 5pm in Wellington, up from the day's low at 65.93 cents...Tuesday, January 21, 2020Imperial Tobacco plans Petone Factory closure, 122 jobs at risk
Cigarette manufacturer Imperial Tobacco has announced a proposal to close its Petone Factory, putting 122 jobs at risk.The factory and its employees will now enter a consultation process.Kirsten Daggar-Nickson, head of corporate...Tuesday, January 21, 2020Wellington Room with a view for $25-per-week - but there's a catch
A Wellington woman has posted a unique listing offering a room to rent at her property for just $25-per-week - but there's a catch.A flatmate listing , posted on Trade Me on January 9, is wanting a free live-in nanny who will pay...Tuesday, January 21, 2020'Ruck me': Cheeky Pak'nSave ad pinged by advertising watchdog
Retailer Pak'nSave has landed in hot water with the Advertising Standards Authority (ASA) over the use of the phrase "ruck me" on a billboard advertisement. Running during the Rugby World Cup on a street corner in Auckland, the...Tuesday, January 21, 2020Dr Jacqueline Rowarth: The moral dilemma facing vegans
Comment: In their efforts to protect animal welfare do vegans run the risk of damaging the planet? Dr Jacqueline Rowarth and Canterbury-based nutrition scientist Dr Graeme Coles investigate. Vegans face a moral dilemma - animal...Tuesday, January 21, 2020PaySauce to raise $5.8m to help push into other markets
PaySauce plans to raise $5.8 million from a one-for-seven pro-rata renounceable rights offer to help expand its New Zealand presence and its push into other markets.The payroll software provider is also requiring the convertible...Tuesday, January 21, 2020Onliner retailer Container Door fined $54,000 for selling unsafe bikes
Bulk goods retailer Container Door has been fined $54,0000 for selling unsafe push bikes, following an investigation by the Commerce Commission.The Auckland-based online retailer has pleaded guilty to two charges under the Fair...Tuesday, January 21, 2020Trivago hit with 18 Commerce Commission complaints
The Commerce Commission says it has received 18 complaints about hotel comparison website Trivago.Trivago, part-owned by US-based Expedia, has been found guilty of misleading and deceptive conduct by Australia's Federal Court for...Tuesday, January 21, 2020Eerie parallels to 1920s: The warning signs in global economy
This year is likely to see a "sluggish recovery" for the world economy, the International Monetary Fund said Monday, but it warned that there are alarming parallels between today's economy and that of the 1920s.Global growth is...Tuesday, January 21, 2020Global banks warn climate change could trigger next global financial crisis
The Reserve Bank of Australia has been urged to "mobilise all forces" to save the economy from a disaster induced by climate change.The world's most powerful banks have issued a warning that climate change could trigger the next...Tuesday, January 21, 2020Funds needed for councils to free up land for housing - Infrastructure NZ
A report showing nationwide housing unaffordability highlights problems with how central and local government operate, Infrastructure New Zealand says. The Demographia International Housing Affordability Survey showed New Zealand...Tuesday, January 21, 2020Where to next for interest rates? ANZ makes its call
The ANZ Bank has removed the official cash rate cut it had pencilled in for May, and now expects the rate to stay flat at the current 1.0 per cent.Most banks still expect the Reserve Bank to cut its rate at some point this year,...Tuesday, January 21, 2020Rocket Lab lines up another US military launch - this time for spook agency
Rocket Lab's next launch will be another for a US military agency. READ MORE:• Space Minister Phil Twyford updates rules on what can be sent into space A launch window for the "Birds of a Feather" mission will open on...Tuesday, January 21, 2020Travel comparison site Trivago found guilty of misleading and deceptive conduct
Australia's Federal Court has found travel comparison site Trivago guilty of misleading and deceptive conduct over prices advertised and commission rates.The Australian Competition and Consumer Commission (ACCC) brought the charges...Tuesday, January 21, 2020Holiday warning as travel agencies go bust, leaving hundreds without tickets
Holidaymakers are being warned about dodgy travel agents after hundreds of customers have had their plans wrecked or have been fleeced by a rogue operator. Auckland firm Travel Globe this month went into liquidation after months...Tuesday, January 21, 2020Gentrack leads New Zealand sharemarket lower
New Zealand shares fell today with Gentrack leading the market lower as the software company painted a grim picture for future earnings.The S&P/NZX 50 Index fell 53.26 points, or 0.5 per cent, to 11,746.95. Within the index, 25...Monday, January 20, 2020New Zealand dollar treads water as sentiment disappoints ahead of data on both sides of the Tasman
The New Zealand dollar largely tracked sideways as markets remain cautious ahead of upcoming data both here and in Australia. The kiwi was trading at 66.20 US cents at 5pm in Wellington versus 66.13 late Friday in New York.The...Monday, January 20, 2020Ten more Eric Watson companies moved into liquidation
More Eric Watson-linked companies, including the shell of Bendon Group, have been placed in liquidation following the collapse of Cullen Group.Vivian Judith Fatupaito and Luke Norman of KPMG were appointed as joint liquidators of...Monday, January 20, 2020Gentrack shares take another dive after earnings downgrade
Gentrack's share price took another hit today after the company's said its earnings were likely to more than halve in 2020.By 12.50 pm shares in the utilities software developer were down 25c or 9 per cent at $2.47 - their lowest...Monday, January 20, 2020
Helen and I can’t believe what you achieved within 4 days of listing our property in Welcome Bay. Your recommendations worked an absolute treat with a multiple offer situation and getting 10k over the asking price, awesome.
Dave Kerr, Papamoa