News
'Crazy' demand for industrial, commercial property in Nelson
Demand for commercial property is booming in Nelson, with a shortage of industrial land.
KiwiSaver: Younger people panic-switched funds during Covid-19 market fall
KiwiSaver fund managers are being urged to do more to prevent investors from panic-switching between funds and potentially locking in losses.
NZX Top 50 index retreats as tide turns on yield-driven stocks
The local sharemarket is likely to lag many other developed markets as the influence of former high flying stocks diminishes and the prospect of higher interest rates looms.
Parched cruise industry looks set to remain on hold
Cruise ships have been banned from New Zealand since the pandemic began, but the industry hopes moves in Australia will put pressure for action here too.
Exporters seek urgent solutions over constricted global supply chains
Hawke's Bay growers and seafood firms are concerned over produce getting to market as New Zealand's supply chain to the rest of the world remains critically constrained. Audio
Electricity Authority imposes new trading conduct rule
The rule is expected to prevent big electricity suppliers from taking advantage of their dominant position in what is a relatively small market.
Long-term solution needed for natural gas supply - lobby group
A deal struck between Genesis Energy and Methanex to support the security of the energy sector is seen as only a short-term fix.
'We were over-reliant on Accellion' - Reserve Bank addresses cyber vulnerability
The Reserve Bank says it is taking action to address issues raised by an independent investigation into a data breach over the summer holiday period.
One-third of small freight operators may disappear due to carbon targets - report
As small firms struggle to meet carbon targets, more consolidation is expected in the road freight industry.
Shipping companies: 'They're not honouring any of the contracts'
Mainfreight managing director Don Braid says something needs to be done about the behaviour of shipping companies: "They're not honouring any of the contracts that they might well have entered into…
Turners' profit up a whopping 36% despite pandemic disruptions
Turners Automotive Group has reported record earnings and puts it down to high levels of engagement as well as the diversified nature of the business.
Build-to-rent momentum growing, investors say
Momentum for build-to-rent housing is gaining pace with the potential for it to become New Zealand's largest commercial property asset class.
Outgoing Auckland Airport head: 'It's a complex job, so you've got to be flexible'
The chief executive of Auckland Airport has plenty of work to do before stepping down some time in the next few months.
Auckland office buildings see rise in vacancies
Vacancy rates in Auckland's prime office towers are at their highest in a decade.
Public increasingly expect leaders to be honest and empathetic, survey indicates
The Covid-19 pandemic has changed perceptions about what makes a good leader, a survey has shown.
New investors 'will have to get used to syndicating'
An inability to collaborate and build syndicates for investment is holding some investors back.
Gender pay equity could boost economy by $1.5b - Deloitte report
A Westpac report has found a more equal sharing of household chores between men and women could help boost the labour market.
Housing market still breaking records but moves to slow growth may be kicking in
A scramble for houses has driven the number of residential properties sold to the highest level in any April month for the past five years.
Z Energy back in black with $57m profit after Covid-19 woes
Despite the profit - $57 million compared with last year's $88m loss - the operating environment is still challenging, Z says
ANZ reports half-year net profit of $930m
The country's biggest bank ANZ has posted an improved profit on the back of increased home lending, reduced bad loans, and a drop in expenses.
Businesses must improve online consumer experience - review
There appears to be a disconnect between what businesses and consumers regard as innovation.
Tax rules eased for start-ups facing losses
The rules on the carry-forward of tax losses have been eased to the delight of growing start-up companies and their investors.
Telecommunications dispute resolution scheme to be reviewed
Customer complaints about telecommunications services are on the rise, which is just one of the issues to be addressed by a review of the Telecommunications Dispute Resolution Scheme.
Services sector expanding for first time in five months
New orders, sales and employment also led the services sector back into expansion, while supplier deliveries and inventories remained in contraction.
House prices predicted to 'unwind in an orderly manner'
New Zealand's economy has defied predictions of a sharp recession and a housing market fall, but current property price rises will not last, according to a leading credit rating agency.