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Market close: Travel stocks surge on transtasman bubble announcement 6 Apr, 2021 05:38 AM 4 minutes to read Stocks benefiting from the introduction of a transtasman travel bubble rose sharply. Photo / Getty Images NZ Herald By: Graham Skellern Further selling in Contact Energy and Meridian on the New Zealand sharemarket outweighed sharp gains in stocks benefiting from the introduction of a transtasman travel bubble. There was heavy trading in the leading energy renewable stocks as the offshore exchange trade funds rebalance their weightings in the S&P Global Clean Energy Ind...

Alliance group chief executive David Surveyor said the plant’s current frozen product warehouse operation was over 30 years old. “The Warehouse Management System will improve the health and safety of our people, enable the co-operative to further unlock advantages of scale and lift the efficiency and competitiveness of the plant. “Approximately 66 people are required to work in the operation during peak processing and manual handling of the fresh product. With each box weighing around 22kgs, this poses a risk of muscular skeletal injury to employees.’’ He said the new system wou...

Scott announces strategic partnership with Savoye Automation and robotics solutions provider, Scott Technology Limited, announces the signing of a global partnership with Savoye, one of the world’s leading high-speed storage and retrieval system organisation, as a further signal of Scott’s commitment to offering leading technology in its chosen fields of expertise. The relationship will allow Scott to expand its material handling and logistics systems to include the critical component of automated carton storage and retrieval technology. This will seamlessly integrate with Scott’s own c...

Market close: NZ shares surge as global deals cheer investors 29 Dec, 2020 04:35 AM 3 minutes to read By: Graham Skellern High-flying Meridian Energy became the largest local cap stock and 10 others hit new highs as the New Zealand sharemarket continued to surge post-Christmas. The S&P/NZX 50 Index climbed its own new heights to 13,246.77, up 208.83 points or 1.6 per cent. There were 107 gainers and just 35 decliners over the whole market on volume of 46 million share transactions worth $89.1m. Greg Smith, head of research with Fat Prophets, said the period between Christmas...

Market close: a2 Milk plunges, Infratil get approval for deal 18 Dec, 2020 05:00 AM 4 minutes to read a2 Milk fell more than 22 per cent after forecasting a significant decline in revenue. Photo / File a2 Milk fell more than 22 per cent after forecasting a significant decline in revenue. Photo / File NZ Herald By: Graham Skellern Pioneering company a2 Milk's price slumped more than 20 per cent after forecasting a significant decline in revenue and it took the New Zealand sharemarket down with it. In its third downgrade of the year, a2 Milk is now expecting revenue to fall by...