News
Mainfreight says supply constraints should ease with plenty of capacity now
There is reportedly plenty of capacity available to get goods moving again, despite some industries reporting ongoing supply constraints.
Kiwi tech investment hits all-time high
Tech investment reached a record high last year, with a smaller number of bigger deals led by foreign investment.
Not enough money, labour to complete long list of infrastructure projects
Infrastructure leaders are considering new user charges as one way to make the most of a $92 billion wish list of projects over the next five to 10 years.
Increase in mergers and acquisitions in first part of 2023
There has been a 20 percent increase in first quarter merger and acquisition activity, which is expected to remain strong, with plenty of buyers in the market.
Westpac New Zealand's first half profit is down a third
A drop in revenue, an increase in expenses and along with provision for bad debts contributed to the fall.
NZ reaches out to draw top investors to country
The government is stepping up efforts to get more high value investors to apply for New Zealand residency.
Price of labour falling in United States, Britain and Europe
The price of labour is falling in the United States, Britain and Europe, as the balance shifts back to employers from employees in a number of major markets.
Telecommunication sector hits 'rough patch' - industry leader
The outlook for the telecommunications industry appears "bleak" without considerable change, according to leading international industry leaders.
Traders wary as market wobbles, threat of recession looms
The largest do-it-yourself investors are sitting on the sidelines, waiting for the sharemarket to hit bottom, says Sharesies.
NZ 'behind the curve' on banking industry changes - report
New Zealand's banking system is facing a more diverse, difficult and competitive trading environment as regulation and technology evolve to give consumers more power and choice over the next decade.
Trade Me cools speculation on potential stock exchange relisting
Trade Me chief executive Anders Skoe said it was business as usual for the company.
Wage growth lagging behind annual inflation, new data shows
Data from Seek NZ indicates wage growth may have plateaued and is tracking below the rate of annual inflation.
Govt not doing enough to fund aged care properly - survey
There appears to be widespread concern amid chronically low staffing and funding levels.
Debt holding back retirement village sector - report
Three of the bigger firms have tripled the amount of debt they are carrying over the past five years.
Two major operators still stifling competition in grocery sector, The Warehouse says
The Warehouse says the supermarket duopoly of Foodstuffs and Woolworths continues to limit the expansion of its fresh food and grocery items despite regulatory and government measures to improve…
Silicon Valley Bank fallout: Backing for strength of Asia Pacific region banks
Global ratings agency S&P says Asia-Pacific region banks have reasonable buffers to cope with contagion risks stemming from the collapse of the Silicon Valley Bank.
Digital skills in workforce essential, but some organisations unprepared for growing risk to security
A tech-savvy workforce could add about $7.3 billion dollars a year to the New Zealand economy.
Clubs urged to make sure they are complying with new law
All sorts of clubs will need to comply with the Incorporated Societies Act 2022, which replaced legislation put in place in 1905.
Industry needs to work together to address critical housing shortages - Property Council
The property industry is aiming to develop a long-term plan to address housing issues which transcend the vagaries of three-year political election cycles.
Cautious mood after first crop of businesses report on financial results
The first corporate reporting season of the year has mostly delivered to expectations.
How Three Waters might impact councils' financial ratings
Ratings agency Standard and Poor's (S&P Global) has rated how councils would be affected by Three Waters legislation, and found winners and losers.
What's holding up a deal on Tiwai aluminium smelter?
Meridian Energy says price is not the only issue holding up a energy agreement to keep the Tiwai aluminium smelter operating beyond next year.
Many companies expected to deliver solid results - investment expert
The corporate reporting season gets underway tomorrow, with the market focused on how well companies have been managing costs, and the outlook for the rest of the year.
Kiwi companies collaborate to develop biofuel as coal substitute
Genesis Energy and Fonterra are working together to develop locally sourced biofuel as a substitute for coal.
Building downturn offers incentive for further technological innovation - report
Residential building activity in New Zealand is expected to slow over the second half of the year, which could result in more industry investment in innovation.