News
Investment in infrastructure not equal to the task - report
The country needs to speed up its infrastructure spending to make up for a deficit that is hurting the economy and will only get worse with climate change, according to a new report.
Freightways reports smaller than expected full-year profit
Freightways has reported a smaller-than-expected increase in profit as it counts the inflationary cost of a tight labour and increased spending on infrastructure.
Directors under pressure with escalating workload and risks
Who wants to be a director? That's a question many are asking themselves - with relatively little reward for an increasingly risky and complex role.
Financial Markets Authority criticises NZX's market regulation
The Financial Markets Authority has given the NZX a black mark in an annual review of the market operator.
Tegel profits fall, sales flat
The country's biggest poultry producer, Tegel, has reported a drop in profit and flat sales.
House sales slow, prices flat in winter slowdown
Housing prices are in a holding pattern with values in Auckland and Wellington at a standstill.
Vodafone, Vocus to invest millions in broadband services
Vodafone and Vocus are promising a bigger, brighter broadband service when the national high speed fibre fibre network is deregulated in two years.
Spark customers win deal on Sky sports coverage
Sky TV and Spark have agreed that Sky's Fanpass will be available to Spark customers with unlimited broadband plans.
Spark downgrades profit outlook
Spark has downgraded its profit outlook as it plans to spend more on a restructuring programme, adding $55 million of costs to the bottom line.
Steel & Tube writes off $54m following review, to make big loss
The share price of Steel & Tube has dropped by nearly a quarter in early trading after the building supplies company said it would take a $54 million write-down.
Telcos work together to combat scammers
The telecommunications industry is banding together to combat scammers and provide more consumer protection.
House prices in regions outperform main centres
The house market remains subdued with value growth dragged down by prices in Auckland and Christchurch.
Pick up expected in mergers and acquisitions - report
New Zealand is expected to see a pick-up in mergers and acquistions, even though several big deals were stymied by regulators, last year.
Xero founder and CEO Rod Drury stepping down
The founder and chief executive of the cloud accounting software company Xero is stepping down at the end of the month.
Conservatism, indifference affecting KiwiSaver investors - economist
KiwiSaver investors are leaving themselves shortchanged because of fear, conservatism and indifference, an economist says.
SkyCity makes strong first half profit
The casino company SkyCity Entertainment has posted a strong first half profit, as its New Zealand business grew and its high-roller business recovered.
NZX offers fresh advice to grow green bonds market
Markets operator NZX has issued some fresh guidance to help grow the size of the green bond market.
Japanese retail giant to invest in NZ wearable sensor business
Japan's biggest online fashion retailer has taken a $US20 million option to buy a New Zealand wearable sensors business.
Wellington's tallest building sold
Wellington's tallest building, the Majestic Centre, has been sold for $123.2 million
House prices cool around the country
The housing market continues to cool, with the slowest annual rate of price growth in more than five years.
Transport Investments going public
New Zealand's largest private transport and logistics business, Transport Investments, is going public with a backdoor listing on the NZX.
Women-led seed capital fund opens to NZ
A group of women business leaders and investors have launched a capital fund designed to support female entrepreneurs.
NZ tech sector now third biggest exporter
New Zealand's technology sector had turnover of $10b in sales in the past year. Audio
Vodafone and Sky launch new TV service
Telecommunications company Vodafone is giving its television service a content and technology upgrade.
Broccoli Bonds: A different kind of greenback
People wanting to invest in an urban farm are being offered a novel return - broccoli instead of bucks.