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14
May, 2019

Today’s business news: What you need to know

Chorus revamps its subcontracting arrangements, migrant numbers continue to rise, and the government reallocates Free Fees money.

14
May, 2019

NZX falls over a percent as US-China trade war escalates

The local sharemarket has followed global markets and taken a hammering this morning as the US-China trade dispute escalated.

14
May, 2019

Vodafone NZ sold to private investors for $3.4b

New Zealand’s largest mobile company Vodafone has been sold to local infrastructure investor Infratil and Canadian investment firm Brookfield for $3.4 billion.

14
May, 2019

Air New Zealand executives’ pay to be frozen

“Eye-watering” increases in the price of jet fuel is significantly affecting Air New Zealand, chief executive Christopher Luxon says.

13
May, 2019

Auckland house sales drop 16 percent in April

House prices are up in most parts of the country, but the volume of sales is down to the lowest level in five years for the month of April.

13
May, 2019

Winston Peters blames Fonterra’s ‘bad decisions’ for Tip Top sale

Acting Prime Minister Winston Peters has called the sale of ice cream company Tip Top a “sad day” for New Zealand, laying the blame squarely on past management at Fonterra.

13
May, 2019

CBL placed in liquidation amid claims it could have been saved

Two directors of CBL Corporation say a restructuring plan could have saved the collapsed insurance group.

12
May, 2019

Global ice cream giant buys Tip Top for $380m

New Zealand dairy co-operative Fonterra has confirmed the sale of its Tip Top brand to global ice cream giant Froneri for $380 million.

12
May, 2019

Uber drops 7.6% on sharemarket listing debut

Uber’s conservative initial public offering could not keep its shares from sinking in their trading debut, fueling debate on Wall Street over whether it would weigh on other tech giants.

10
May, 2019

Uber IPO share price values company at $US82b

Uber has set the sale price for its shares which are due to list on the New York Stock Exchange tomorrow, in what is expected to be one of the biggest share floats of the year.

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