News
Covid-19 pandemic drives digital-first strategies and expectation of tech investments
Nearly nine-out-of-10 organisations say the pandemic has thrust a digital-first strategy to the top of priorities, with significant investment in technology expected over the next couple of years.
NZ tech sector has what it takes to attract international investment - industry boss
The tech sector says it has what it takes to woo international investors, who have come courting.
'Incredibly prescriptive' lending code ruining lives - Mortgage broker
The financial sector is calling for urgent action to make it easier for people to borrow money, suggesting restrictive new rules could be quickly amended with just a few tweaks.
Kiwis urged to pay off debts, commit to savings plan
While most New Year resolutions involved health and fitness goals, Chartered Accountants ANZ recommends cutting the credit card.
Mixed year for KiwiSaver investments reflects flat NZ share market - analysts
It has not been the best year for KiwiSaver investors, but not too bad considering the market volatility driven by the highs and lows of the pandemic.
'Expect delivery delays': Parcel volumes surge as festive season looms
Parcel delivery is up 100 percent over the pre-Covid-19 period as customers rush to get their orders in for the holiday season.
Median house prices up $100k on September's REINZ figures
House price growth remains strong with continued demand driving up last month's national median house price by $100,000 on September.
NZ tech firms' pandemic resilience: 'We were growing in really difficult times'
The biggest and smallest New Zealand tech companies have proved to be the most resilient to Covid-19 disruptions, a survey shows.
Log exports to peak before dropping more than a third within decade - Forsyth Barr
Major changes are looming for the forestry sector as the deluge of raw log exports fades amid dwindling supplies and demands increase from the building industry and other users.
Bank customers complain about new anti-money laundering laws
A growing number of well-established bank customers are frustrated by the stepped-up enforcement of anti-money laundering laws, with new rules covering consumer credit expected to upset many more of…
Investment needed in natural gas during transition to renewables - report
The country needs to invest tens of millions of dollars to ensure sufficient natural gas to cover the transition to 100 percent renewable energy by 2030, a government-commissioned report says.
Wage subsidy payments tourism heavy, with fewer large companies
Far fewer of New Zealand's largest companies have been receiving government wage subsidies since the August Covid-19 alert level lockdowns began.
New tech aims to cut time for lender to process mortgage applications
The key to Nano's technology was open banking and a process called screen scraping, which gave it access to customer banking information held by other financial institutions.
Company credit defaults rise as lockdown hits Auckland businesses hard
A sharp drop in demand for credit in the immediate response to the Covid-19 lockdowns has proven to be temporary but it is a different story for businesses.
Vector, Google X developments could be 'very strong contributor' to financial performance
Auckland energy lines company Vector is working with tech giant Alphabet's subsidiary X Development moonshot factory and other international partners to accelerate development of affordable network…
Most companies 'not doing enough' to support code of ethics
A consulting group has given most of the country's major listed companies a fail grade when it comes to way they support their code of ethics.
NZ expansion fund Icehouse Ventures X exceeds target since July
The fund called Icehouse Ventures X (IVX) was launched to the public in July with an initial $50 million of committed funds, but has since grown to nearly $85m, exceeding its $75m target.
Freight company worried a longer lockdown could mean a decline in revenue
Freight and logistics company Move Logistics has been hit hard by the alert level 4 Auckland lockdown and ongoing supply chain disruptions.
Receiverships remain steady as lockdown continues
There has not been a spike in the number receiverships despite the financial difficulties facing industries unable to open under the current lockdown settings.
Landlords show willingness to negotiate retail rents as vacancy rates increase
Landlords are doing what they can to hang on to retail tenants as the lockdowns bite into cashflow in the absence of critical foot traffic.
Beauty companies capitalise on Zoom insecurities
Beauty and wellness companies are cashing in on Covid-19 as video calling makes people much more self-conscious about how they look.
Christmas delayed? Supply struggles suggest swift shopping
Consumers are being urged to get ahead of the Christmas shopping rush, with an expected shortage of sought-after toys and electronics.
Strong New Zealand dollar expected to continue upward trend
The New Zealand dollar is at a two-month high against the US dollar, as well as the currencies of our biggest trading partners.
Price increases v cost inflation likely key focus of earnings season
The interplay between cost inflation and price increases will likely be a key focus of the upcoming earnings season.
Businesses stockpiling ahead of global supply disruptions
Businesses on both ends of the supply chain are stockpiling in anticipation of ongoing global supply chain disruptions.