News
Infratil revises forecast energy demand for data centres in wake of high demand
The infrastructure investor is more than doubling its forecast as demand grows beyond expectations.
Not a single prosecution despite SFO's focus on foreign bribery
The Serious Fraud Office says it is steadfast in its commitment to tackle foreign bribery, but it has not resulted in a single prosecution.
Commerce Commission looks to deregulate some fibre services
It is considering deregulating four of the seven fibre services where there's sufficient competition, including voice and transport services provided in all fibre areas.
Microsoft opens first hyperscale data centre in New Zealand
Microsoft says it's the most sustainable hyperscale centre in its portfolio.
'Pretty dire': More Kiwis head overseas for jobs
A lack of opportunities and inadequate salaries are driving people to seek employment overseas, recruiters say.
Debt pressures still a big issue across the economy - report
November data suggests many people are struggling with debt, as consumer and mortgage arrears are up year-on-year.
Some homes to pay $25 more a month for new power lines charges
And that's just the beginning. Some regions could be paying $85 a month in a few years' time for just lines charges.
Number of job ads continues to fall
The pressure on New Zealand's labour market is continuing to increase, with the number of job advertisements falling for three months in a row.
Tech sector revenue growth slows amid weak investment, higher costs
It's slowed one of the lowest levels in recent years with weaker investment and higher costs.
Industry works on plan to hire more disabled workers
A report indicates a potential pool of nearly 270,000 disabled workers that could help address skills shortages.
Concerns lack of risk management tools to help power companies could sting customers
A review of risk management options for electricity retailers indicated there are few, if any contracts for retailers to help manage price-risk during peak demand.
Back to basics for Spark after profit forecast cut
The company plans to reduce overheads by $30 million and its wages bill by $50m, and is considering the sale of non-core assets.
Tech start-up HealthNow rebrands to Extraordinary
HealthNow has changed its brand to Extraordinary, and repositioned the business to meet growing demand for an expanded range of low cost ways for employers to reward employees.
Spark dials back profit outlook and dividend payout
Digital and telco services company Spark is selling its stake in the Connexa towers business and considering the sale of other non-core assets, as it looks to offset weak consumer spending and…
Scott Technology scores $30 million in overseas contracts
Scott Technology has secured six major overseas contracts with European and North American food processors.
Electricity Authority wants to make it easier to connect to the network
The Authority is looking to reshape market rules to make it simpler for businesses and consumers to connect to the distribution network.
Economy will improve sooner rather than later - expert
There are good times on the way, though the path may be far from smooth.
Marsden Point: New plan to revitalise former refinery
It's hoped the transformation will boost energy resilience and support decarbonisation.
Foodstuffs considers merger appeal
The group's North and South Island arms operate more than 500 Four Square, New World and PAK'nSAVE supermarkets and have applied to merge the two regions.
How Mount Maunganui businesses aim to reduce environmental footprint
It comes after growing concerns from the community over pollution in the area.
NZ lacking in housing, rail and flood defences - survey
A global survey indicates two thirds of the population believe New Zealand is not doing enough to meet infrastructure needs.
Kiwi-made tech can detect diseases instantly
A New Zealand biotechnology company has developed portable equipment to instantly diagnose animal and human diseases without the need of a lab.
Briscoe Group investing $120m in developing warehouse and distribution centre
Managing director Rod Duke says the centre will allow in-store staff to provide a higher level of customer service.
NZ councils' debt levels weigh on creditworthiness of Asia-Pacific region
New Zealand councils in general are highly indebted, and the credit quality is deteriorating, S&P Global Ratings director Anthony Walker says.