News
Starboard Maritime Intelligence attracts weighty backers for expansion plans
The marine software firm's software was designed to tackle illegal fishing, trans-national crime and prevent biosecurity outbreaks.
Dairy company Synlait makes $96m first-half loss
Dairy company Synlait has made a $96 million first half loss, and announced a review of its North Island assets.
Synlait investors crossing fingers before first-half results released
Investors will be looking for a resolution to Synlait's debt situation when it releases its first-half result Tuesday morning.
Entry barriers for digital bank start-ups too high in NZ, fintech service says
A fintech service says the government needs to take action on the Commerce Commission's draft report on personal banking to make it easier for new digital banks to compete.
Warehouse slams ComCom's dismissal of Weet-Bix complaint
The retailer laid the complaint over Sanitarium's decision to quit supplying it with the breakfast cereal.
Plans to regulate online gambling welcomed by SkyCIty
The government's plans to regulate and tax online gambling will help level the playing field, says SkyCity, which has been operating its online casino from Malta for the past five years.
Consumer credit: 'Kiwis are finding it harder to pay their bills'
Demand for consumer credit is increasing, though arrears are continuing to increase.
NZ not as well globally connnected as it used to be
A drop in trade and international passenger traffic has seen the country slip in a global index.
'It's going to be a really long 2024' for retailers
Consumer spending and commercial activity has continued to drop.
Transpower to consult on future-proofing North and South Island power link
The Commerce Commission last month approved Transpower's near $400-million interim proposal to strengthen the national electricity grid.
'They know NZ products' - Fonterra's high protein products make global inroads
Fonterra is making big inroads into the fast-growing protein-enriched food and beverage industry in Europe and North America, says the dairy cooperative.
Growing gaps in NZ's cybersecurity - research
The operations of a third of large businesses were disrupted by a cyberattack in the past year, according to research released by Kordia.
Companies remain under pressure from high inflation, interest rates
The recent reporting season has been mostly disappointing with a few bright spots to lift the market.
Commerce Commission approves Transpower's national grid plans
The Commerce Commission has approved Transpower's near $400-million proposal to strengthen the national electricity grid.
Goodman Property Trust looks at building large data centres in Auckland
Goodman Property Trust is looking to build large data centres in Auckland with the support of global investors, as part of an ambitious plan for growth.
Goodman plans to end external management agreement with Goodman Group
Property investor and development firm Goodman will internalise its management as a first step to the establishment of a large property fund.
Auckland Airport hits back at Air New Zealand
Air NZ had called for a review of the airport's redevelopment costs, saying its regulated charges would make flying unaffordable for some.
Westpac picks OCR likely to remain on hold this year
However the bank says 2024 will be challenging for the government and the risk of higher interest rates can't be ruled out.
Warnings of much higher power bills from 2025
The warning comes ahead of what was expected to be large increases in regulated lines charges set by the Commerce Commission.
'Be very careful': Businesses warned of raft of changes by NZ courts
Businesses will need to be increasingly mindful of a wave of changes that could land them in hot water with regulators, shareholders, customers, employees and the courts.
Shareholders Association on the risks facing Fletcher Building
Fletcher Building's board should consider breaking up the company into more manageable parts, the association says.
Corporate reporting season expected to reflect weak economic conditions
The expectations for how corporate revenues have been tracking are "likely the lowest they've been" since the global financial crisis.
Strong outlook for merger and acquisitions in 2024
Companies listed on the New Zealand stock market are expected to be part of this year's renewed merger and acquisition activity, following 2023's patchy activity.
Consumers struggling to verify sustainability claims of products and services
A quarter of shoppers are willing to pay more for sustainable products - but say misleading information makes it difficult to know what they are buying.
Economic outlook brighter due to record migration, falling inflation
Migration is boosting spending and forecast to brighten the economic prospects for the main centres, led by Auckland.