Title
Content
Govt to cut 8700 public service jobs
Simon Shepherd
Tue, 19 May 2026
Tue 19 May 2026 03:40:56am
MARKET MOVEMENTS
Powered by:
VIEW MORE
Gainers
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Decliners
/
No results, Market opens at 10.00 NZST
Data will show from 10.20 NZST
Data will show from 10.20 NZST
Gainers
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Decliners
/
No results, Market opens at 12.00 NZST
Data will show from 12.20 NZST
Data will show from 12.20 NZST
Tue 19 May 2026 03:40:56am
MARKET MOVEMENTS
Top Story
Free News Alerts
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
Latest News
Quick Takes
Electronic card spending falls across the board in April
Consumers put the brakes on spending in April as the high cost of living and war in Iran put pressure on households.
Statistics NZ data today showed retail spending using debit, credit, and charge cards fell 1.3% when compared with March. There were declines across the board, including on consumables, hospitality, durables, clothing, and fuel.
In actual terms, cardholders made 168 million transactions in April, with an average value of $55 per transaction. The total amount spent using electronic cards was $9.2 billion.
Yesterday, other data showed negative sentiment in the services sector with smaller firms finding higher fuel prices difficult to manage. Overall, the BNZ–BusinessNZ Performance of Services Index was at 48.9 in April, compared with 46.2 in March. A reading below 50 indicated the sector was in contraction.
Synlait appoints ex Sanford CFO as independent director
Milk processor Synlait has appointed former Sanford chief financial officer Katherine Turner as an independent director.
The appointment restores Synlait’s board to the required complement of two independent directors after the departure of Paul McGilvary on Monday.
Synlait chair George Adams said Turner’s financial acumen and commercial experience made her an exceptional choice for the role.
“Her ability to drive operational performance alongside strategic transformation will be invaluable as we work to accelerate Synlait’s financial recovery,” he said.
Before joining Sanford as CFO in 2018, where she served for three years, Turner was a senior executive at Fonterra for nearly 12 years, latterly as commercial director for Fonterra Brands.
At Synlait, Turner will also chair the audit and risk committee.
close
Quick Takes
Tue 19 May 2026 03:36:17am
MARKET MOVEMENTS
Latest News
Most Popular
Most Commented
Editor's picks
Featured
Short videos
Your Business
Extraordinary payments and their $2m capital raise
0:00
Politically Speaking
Climate law change to block emissions liability claims
0:00
Politically Speaking
Budget will not be an election year give-away
0:00
NBR Focus
Unlocking Aotearoa: Malcolm Jackson
0:00
The NBR Podcast
PM Christopher Luxon joins the NBR Podcast
0:00
Politically Speaking
“Lead your own reform or we will do it for you”
0:00
Politically Speaking
The relief of Singapore
0:00
General Business
Deepfake ad using doctor’s identity a ‘public safety risk’
0:00
NBR Focus
Unlocking Aotearoa: Dame Joan Withers
0:00
Politically Speaking
The Winston Peters effect
0:00
Politically Speaking
The journalist making the news
0:00
Te Ao Māori
Art Fair expands as Māori voices lead
0:00
Investment
Michael Hill CEO: ‘I’m not a patient person’
0:00
NBR Focus
The Accountants: Full Investigation
0:00
NBR Focus
The Accountants: Some KPMG staff already using AI agents
0:00
NBR Focus
The Accountants: Turning EY into a one-stop-shop
0:00
NBR Focus
The Accountants: PwC and the end of human-only workforces
0:00
NBR Focus
The Accountants: Deloitte sees AI freeing up 25% of capacity
0:00
Politically Speaking
Conflict: RBNZ discusses impact on inflation
0:00
Politically Speaking
Responding to Trump’s rhetoric – Winston in Washington
0:00
Analysis
Categories
