Business

NZ’s pension system falls out of top 10 in global rankings

New Zealand’s pension system has slipped from 10th position to 15th place in a global ranking index of 43 systems. The annual Mercer CFA Institute Global Pension Index awarded New Zealand’s retirement income system a value of 67.4 out of 100, down from 68.3 a year earlier with a B grade rating. Dr David Knox, […]

Business

NZ’s Mighty Ape a bright spot as Kogan’s overall profit plunges

Mighty Ape was a rare bright spot for ASX-listed online retailer Kogan as it delivered its full-year result today. Kogan’s shares were down 13 per cent to A$11.45 in midday trading, wiping some A$200 million from its market cap. The e-tailer and maker of house-brand TVs, mobile phones and other hardware withheld its final dividend […]

Business

Could Mainfreight become NZ’s only $100 stock?

Freight and logistics company Mainfreight has been one of the strongest performers on the NZX for many years. The stock traded yesterday at $67.94, up 64 per cent over the last 12 months, and more than double its price of two years ago. In a research report the broker lifted its target price to $70 […]

World News

How NZ’s Covid 19 response led to dramatic drop in deaths last year

Covid-19 initially threatened to kill thousands of Kiwis last year – instead, New Zealand’s death rate finished up among its lowest in recent times. A new study has also shown how a marked drop in deaths which came with level 4 restrictions was followed by historically low rates well beyond lockdown. The Medical Research Institute […]