News
Investment funds help NZ tech sector defy pessimistic business environment
The start-up technology sector appears to be thriving despite the downturn in the wider economy.
NZ's digital competitiveness: 'You have to give us some guidance'
There needs to be a government-led effort to raise New Zealand's digital competitiveness to include all businesses and socio-economic groups, an industry report says.
Fletcher Building criticises 'crude' attempt to deflect blame for pipe failures
Fletcher Building stands by its view that installation errors caused Iplex pipe failures in Perth.
Fisher & Paykel Healthcare's full year profit fell 47 percent
The company said the bottomline was adversely affected by three abnormal one-time items.
How a build-to-rent developer is cutting costs by 30 percent
Is it possible to build homes faster, better and cheaper? One builder says it is.
Ryman Healthcare posts 98% drop in profit
The company said the bottom line was hit by a combination of $283.9 million in one-time costs, and a drop in the value of its properties.
Fintech grows four times faster than tech industry
Making billions in export revenues, further gains are expected with the long-awaited introduction of open banking come 30 May.
AI expected to supercharge productivity over next few years - survey
Artificial intelligence is expected to supercharge workers' output - with some early adopters already seeing a five-fold increase in productivity - according to a new business survey.
Infratil's full-year underlying profit exceeds expectations
"This earnings expansion underscores the strong performance across the portfolio's operational businesses," its chief executive says.
Mid-market private equity and venture capital investment holds up well in NZ
Total mid-market and venture capital investments in New Zealand businesses held up well last year, despite a drop in the number of large and new investments.
Fund managers predict mixed corporate earnings season
The upcoming corporate earnings season is expected to be mixed with some companies more exposed to the downturn in the local economy than others.
ANZ Bank reports rise in net profit
The country's biggest bank has posted a steady first-half result reflecting a challenging economic environment that is expected to continue for the rest of the year.
Westpac's profit holds up in face of downturn in economy
The bank's net profit rose 11 percent in the six months ended March over the year earlier.
Businesses most concerned about weakening demand for goods and services - report
In a shift, the report says the economic outlook has moved "from an extremely negative position to a largely neutral one".
Renters, realtors upset at scrapping of bill to regulate property managers
Renters and realtors are upset with a government decision to scrap a bill meant to regulate property managers over concerns about unethical and unlawful behaviours.
Retailers, manufacturers and other businesses struggling amid economic downturn
High interest rates and persistant domestic inflation are the biggest drags on business outlook.
'Transparency is the key' - warning over undisclosed tax debts
Businesses and consumers are being warned to beware when lending or advancing payments to businesses, with many thousands of businesses carrying undisclosed tax debts.
The rise in New Zealanders working past retirement
Superannuation kicks in at 65, but people are staying in work longer, with the average age rising.
Building product concerns dismissed: 'The industry is lacking competition'
Construction industry concerns about a potential drop in the quality of building products have been brushed aside as superficial.
Vendor financing of business sales skyrockets
There are still plenty of would-be business buyers in the market, but prices are under pressure says the managing director of a business brokerage.
Commerce Commission wants Chorus to cut capital spending plan
Chorus says it has already pared back its spending by $200m in February to $1.3 billion.
AI skills linked to higher salary, productivity, new jobs - report
Generative AI could dramatically boost overall productivity with workers in line for much bigger salaries, a global tech giant says.
Are we underprepared and overconfident about cyber attacks?
The threats are much bigger than ransomware and phishing, a new index indicates.
Tech industry plans for lower-emissions future
NZ Tech has come up with a plan to help businesses use tech to cut emissions and potentially save the economy billions of dollars.