Economy
Are websites like Fishpond the answer for cheaper groceries?
Consumer NZ warns many still prefer a one-stop shop for all their shopping needs, rather than shop around.
Kiwibank unlikely to reshape market, even with $500m boost - analyst
Victoria University associate professor Martien Lubberink says banking report confirms stable market controlled by 'big four'.
Banking inquiry acknowledges it's no silver bullet for competition
The big four banks' focus on lower-risk activities like retail banking would usually see lower returns, but they actually had higher profitability than international peers, it found.
Midday Report Essentials for 22 August 2025
In today's episode, Emergency Services will now be able to locate people via their cell phones, even if they have not called 111 themselves; The Women's Rugby World Cup is set to start on Saturday… Audio
What will Fonterra's sale mean for New Zealanders?
Fonterra has agreed to sell its consumer businesses to French multinational dairy company Lactalis - the world's largest dairy outfit. The proposed $3.8 billion sale still requires approval from… Audio
Timber Industry Federation on Carter Holt Harvey plans to close Eves Valley sawmill
Carter Holt Harvey is planning to shut down the Eves Valley sawmill near Nelson, with 142 jobs on the line. New Zealand Timber Industry Federation executive director Jeff Ilott spoke to Ingrid… Audio
Auckland vet receives over 400 applicants for role
Landing a job at the moment is tough, and a vet on Auckland's North Shore has shared a staggering example of how many people are out there competing for the jobs on offer. Onewa Road Veterinary… Audio
Timber industry battening down the hatches
Carter Holt Harvey is planning to shut its Eves Valley sawmill and focusing on Kawerau, with 142 jobs affected.
Evening business for 21 August 2025
News from the business sector, including a market report. Audio
Midday Report Essentials for Thursday 21st August 2025
In today's episode, the Reserve Bank cut the Official Cash Rate by 25 basis points on Wednesday, as expected; Plane spotters lined the streets of outside Whenuapai air base last night to watch the… Audio
RBNZ on cuts to the OCR
The Reserve Bank cut the Official Cash Rate by 25 basis points on Wednesday, as expected. Reserve Bank Chief Economist Paul Conway spoke to Guyon Espiner. Audio
Skellerup posts record profit
The maker of 'red band' gumboots and components for industrial and agricultural products also had record revenue.
Business banking 'a standout' as Kiwibank sees full-year profit drop
Kiwibank has posted a lower full-year profit on the back of increased costs and a fall in margins.
SkyCity reports 42% drop in underlying profit, fall in revenue
The casino operator also said revenue was down 11 percent, but reported a small net profit.
Shopkeepers upbeat following OCR cut
But experts warn it may be some time before the effects of the change start to be felt.
Why did New Zealand interest rates go higher than Australia's?
Australia's cash rate peaked at 4.35 percent. New Zealand's reached 5.5 percent.
The Brain Drain Backstory
Corin Dann and Guyon Espiner dig into New Zealand’s decades-long “brain drain” to Australia – why it happens, how politicians have tried (and failed) to stop it, and whether it’s really as bad as it… Audio
Banks start to move on home loan rates following OCR decision
A signal from the Reserve Bank that there could be two more cuts to come in the official cash rate could help drive down home loan rates over the coming weeks.
'Today is a good day': Parliament reacts to OCR cut
Cries of celebration from the government benches were heard at Parliament today, following the Reserve Bank's cut to the Official Cash Rate.
