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Skellerup seeks US manufacturing to side-step tariffs
Markets

Skellerup seeks US manufacturing to side-step tariffs

Skellerup Holdings chief executive David Mair heads to the US next month on the hunt for a manufacturing business to side-step increased costs from tariffs imposed on imports from China.Mair told BusinessDesk he was “looking hard” for a manufacturing business worth between $30 mi...

Dan Brunskill 21 Feb 2020
MARKET CLOSE: NZX50 hits 12k as Ebos, Auckland Airport earnings lift market
Markets

MARKET CLOSE: NZX50 hits 12k as Ebos, Auckland Airport earnings lift market

The S&P/NZX 50 Index broke through 12,000 for the first time after Ebos Group and Auckland International Airport reported strong half-year earnings. The benchmark index increased 83.83 points, or 0.7 percent, to 12,064.86. Within the index, 27 stocks gained, 15 fell, and eight...

Dan Brunskill 20 Feb 2020
Most power firms to pass on network reductions
Infrastructure

Most power firms to pass on network reductions

Power consumers look set to capture much of the benefit of a $200 million reduction in lines charges in the coming year with most of the country’s major retailers indicating they will pass them through. The drop in charges - $72 million across many of the country’s electricity...

Gavin Evans 20 Feb 2020
Qantas cuts Asia services, trims NZ-Aust on virus
Markets

Qantas cuts Asia services, trims NZ-Aust on virus

Qantas Airways will reduce flights across Asia – including to New Zealand - due to covid-19 and expects the virus will hit its full-year result by A$100 million to A$150 million.The airlines are taking action now to limit exposure to softening markets, Qantas chief executive Alan...

Rebecca Howard 20 Feb 2020