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Author Archives: RNZ Business Headlines

Synlait Milk looking to cut 150 jobs – about 15% of staff

September 8, 2021 by RNZ Business Headlines

Synlait, based in Canterbury, has about 1000 workers and expected to reduce its headcount by about 15 percent, which would deliver potential annual savings of $10 million to $12m.
Continue reading →

Posted in News, RNZ business.

Low-emissions New Zealand-specific beef genetics programme launches

September 8, 2021 by RNZ Business Headlines

The $17 million programme, aimed at reducing the environmental footprint of New Zealand’s beef cattle, is 60 percent funded by Beef and Lamb NZ, the government covering the remainder.
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Posted in News, RNZ business.

Beauty companies capitalise on Zoom insecurities

September 8, 2021 by RNZ Business Headlines

Beauty and wellness companies are cashing in on Covid-19 as video calling makes people much more self-conscious about how they look.
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Posted in News, RNZ business.

Building product manufacturers to be prioritised as factories restart

September 8, 2021 by RNZ Business Headlines

The Ministry of Business, Innovation and Employment will today spell out how some Auckland factories can restart under level 4 to help prevent a freeze on housing construction.
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Posted in News, RNZ business.

House price growth slows to average 3.3%

September 8, 2021 by RNZ Business Headlines

The rate of house price growth has slowed to levels seen prior to the pandemic, but price falls remain unlikely.
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Posted in News, RNZ business.

Investment in ethical funds grows by more than a quarter – report

September 8, 2021 by RNZ Business Headlines

Climate change, human rights abuses and animal cruelty are front of mind for investors, as ethical funds grow strongly.
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Posted in News, RNZ business.

Deputy governor Geoff Bascand leaves RBNZ to pursue ‘other interests’

September 7, 2021 by RNZ Business Headlines

Reserve Bank deputy governor Geoff Bascand will leave the Central Bank early next year.
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Posted in News, RNZ business.

Flower farmers forced to bin or mulch harvest due to restrictions

September 7, 2021 by RNZ Business Headlines

Under alert level 4 flower growers aren’t able to sell or distribute their goods. This means months of work and beautiful flowers are going straight into the bin.
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Posted in News, RNZ business.

Export woes may require government-chartered shipping, economist warns

September 7, 2021 by RNZ Business Headlines

The government may need to get involved to help overcome shipping problems which stand to cost New Zealand exporters $10 billion in lost earnings this year, according to an economist.
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Posted in News, RNZ business.

Mainzeal legal action goes to Supreme Court

September 7, 2021 by RNZ Business Headlines

Long-running legal action following the collapse of construction company Mainzeal is headed to the Supreme Court.
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Posted in News, RNZ business.
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