Jamie Mackay: The Country host on Denmark's plan to introduce a carbon tax on agriculture

Denmark is moving ahead on plans to introduce a carbon tax on agriculture, with cattle farmers facing additional charges as a result. The bill suggests that farmers would be taxed at 300 DKK ($70) per ton of CO2 equivalent emitted from 2030, moving to 750 DKK ($177) by 2035. The Country's Jamie M…

Liam Dann: NZ Herald business editor at large on New Zealand's economic outlook being downgraded by experts

International research group BMI has lowered its GDP growth forecast for New Zealand for 2024 - and warned of economic challenges to come. BMI predicted the nation's GDP would grow by just 1 percent this year, down 0.2 percent from previous estimates. NZ Herald business editor at large Liam Dann …

Jeremy Hutton: Milford Asset Management Equities Analyst on Meridian Energy's Investor Day data

Meridian Energy's Investor Day data indicates more power companies are looking to embrace growth in a changing market. New Zealand's electricity demand is expected to grow between 50 percent and 75 percent, meaning the sector needs new methods of generation. Milford Asset Management's Jeremy Hutt…

Jenee Tibshraeny: NZ Herald Wellington business editor on BNZ challenging Gloriavale over use of banking services

Gloriavale has taken a knock in its battle to maintain access to banking services. BNZ has been trying to close Gloriavale's accounts for the last two years, and the Court of Appeal is allowing BNZ to challenge that injunction. NZ Herald Wellington business editor Jenee Tibshraeny explains what c…

Andrew Fairgray: 2degrees Chief Business Officer on business optimism shooting up in new Shaping Business Study (1)

New Zealand's business sector seems to be taking a turn for the optimistic, according to new data from 2degrees. The latest Shaping Business Study says 18 percent of business leaders feel like their companies are thriving, 34 percent feel more optimistic about the future and 53 percent anticipate …

Andrew Fairgray: 2degrees Chief Business Officer on business optimism shooting up in new Shaping Business Study

New Zealand's business sector seems to be taking a turn for the optimistic, according to new data from 2degrees. The latest Shaping Business Study says 18 percent of business leaders feel like their companies are thriving, 34 percent feel more optimistic about the future and 53 percent anticipate …

Oliver Mander: Shareholders' Association Chief Executive on the Warehouse's CEO's pay-out eclipsing falling shares

There's concerns that the Warehouse's top level salaries don't match the company's declining performance.  The Warehouse Group's shares fell to a record low of $0.97 after forecasting earnings would fall at least 64 percent year-on-year. Former chief executive Nick Grayston was paid $2.79 million…

Rowena Duncum: The Country producer on Synlait asking shareholders for multi-million dollar lifeline

Struggling dairy manufacturer Synlait has asked shareholders to vote in favour of a $130 million lifeline from Chinese shareholder Bright Dairy. The company said a2′s vote would be influential in deciding if the critical shareholder loan needed to pay off bank debt due July 15 went ahead. The Cou…

Brad Olsen: Infometrics principal economist on employment confidence dropping in latest report

Kiwis’ confidence in the job market took a dive over the past three months, according to a survey conducted for Westpac. The bank reported its confidence index, which measures responses to five questions related to employment prospects, fell by 13 points to 91.4 in the June quarter. Infometrics p…

Mark Robinson: NZ Rugby CEO on the company posting an $8.9 million loss for 2023

New Zealand Rugby has posted an $8.9 million dollar net loss for 2023 - the second deficit in a row. Although spending was reduced from the year prior, a drop in broadcast and match day revenue in a World Cup year saw income fall by $3 million to $268 million dollars. NZ Rugby CEO Mark Robinson s…