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Daily Market Report
for 20/02/2020
Update To Air New Zealand’s Elton John Fare Flexibility
19 Feb 2020 07:54 Scoop
Air New Zealand has introduced further fare flexibility following the postponement of Sir Elton John’s final Auckland concerts to January 2021. As a gesture of goodwill, concert-goers no longer requiring travel to Auckland in the coming days can have ...  more...
New Zealand's Turn For The Worse On Financial Transparency
19 Feb 2020 08:53 Scoop
New Zealand, along with Japan, has made the largest turn for the worse between 2018 and 2020 among 133 countries on the Index of Financial Security released today by the Tax Justice Network. The change is in the Index's category of Integrity of Tax ...  more...
Fletcher Building Announces FY20 Half Year Results And Dividend
19 Feb 2020 08:57 Scoop
Revenue of $3,961 million, in line with market conditions EBIT before significant items of $219 million, compared to $248 million in HY19 [1] Net Profit After Tax of $82 million, compared to $89 million in HY19 Balance sheet remains strong, with ...  more...
New Investment To Fast Track Kiwi Pod Hotel’s International Expansion
19 Feb 2020 08:20 Scoop
A popular Kiwi pod-hotel chain is set for a period of rapid expansion following its partial sale to one of Australasia’s largest hospitality and experiences brands. Jucy Snooze QTown exterior Under the new joint venture agreement, 50% of Jucy Snooze ...  more...
XE Morning Update
19 Feb 2020 09:51 Scoop
The Kiwi opens at 0.6383 Risk is definitely off the table today, and flights to safe haven currencies are on the menu. As ever, it is the wider backdrop of Coronavirus which has caused the sell off. Specifically we had Apple review their revenue guidance, ...  more...
Marlborough Sauvignon Blanc Goes Alcohol-Free in World First
19 Feb 2020 10:38 Scoop
Christchurch, Wednesday 19 February 2020: Today, family-owned Kiwi winery Giesen launches the world’s first alcohol-removed Marlborough Sauvignon Blanc. The landmark innovation will allow discerning Sauvignon Blanc consumers around the world to enjoy ...  more...
Shelter Trees For Economic And Environmental Gains
19 Feb 2020 11:26 Scoop
Planting a shelterbelt is an option for some livestock farmers to reduce the adverse effects of inclement weather. And this is the time to plan for planting shelter. Whether it is heat or cold, physiological stresses impact on productivity by the ...  more...
Kiwi Wellbeing Stands Strong Against Global Turmoil
19 Feb 2020 12:58 Scoop
Despite a rocky second half of 2019, with geopolitical uncertainty and a slowing global economy, New Zealanders’ wellbeing held up at a similar level as in the previous BNZ Wellbeing Report six months earlier (66.9 vs 67.2). BNZ Economist Paul ...  more...
Survey reveals 43% of hospitality workers have to check pay
19 Feb 2020 13:36 Scoop
New survey reveals 43% of New Zealand’s hospitality workers have had to check their pay & one third found discrepancies  more...
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