News
Local freight industry concerned about the resurgence of global shipping disruptions
The global supply chain is facing new disruptions from drought and war.
Insurer Tower to review ownership structure after reporting full-year net loss
The review will look at Tower's capital structure and the business' competitiveness.
Genesis Energy has target of 95% renewable generation by 2035
The Huntly power station would still be needed for peak demand, but coal use would be reduced and replaced with biomass and possibly hydrogen, while gas would be needed for the transition, Genesis…
Air New Zealand tipped to keep discounting fares as demand stays down
A leading transport analyst expects domestic air tickets to continue to be discounted over the coming months as Air New Zealand grapples with falling demand.
Drylandcarbon bankers have case to answer - court
The Court of Appeal says two bankers have a case to answer over their roles in the Drylandcarbon management companies.
Rodney Wayne blasts previous government after 'very tough 12 months'
Franchise Association's newly inducted hall-of-famer Rodney Wayne says the past year has been the toughest in the 53 years he has been in the hairdressing business.
Economists predict drop in retail spending as household budgets squeezed
Third quarter retail trade figures are expected to reflect a difficult period for consumers, retailers and the economy.
New government will clear path for tech companies - Collins
National's Judith Collins is promising to remove hurdles holding back innovation and growth for tech companies.
Progress on open banking but consumer data still at risk - Payments NZ
Open banking in New Zealand will struggle to achieve scale without legislation to protect consumers' data rights, Payments NZ says.
From K Road to Monaco: app for collectors wins Entrepreneur of the Year
David Yu's win will take him to Monaco next year to compete with winners from 50 other countries for the world title.
'Lacklustre growth' in rural economy over third quarter - report
Regional economic momentum is waning as the primary sector slowdown hits rural communities.
Mainfreight positive despite first-half dip in profit
Slowing global trade has battered the first half profits of the transport company.
NZ investors continue 'keeping faith' in startups
New Zealand investors are continuing to back startup ventures, defying a high level of volatility in the investment market.
Cyber attacks for $30 - intelligence expert
A global intelligence expert says cyber threats are rapidly growing in number and sophistication - designed to cause chaos or leave victims millions of dollars out of pocket.
Public-private partnerships needed to fix $5 trillion 'infrastructure gap'
The private and public sector will need to work in partnership (PPPs) to meet the estimated $5 trillion of infrastructure required for New Zealand and its four regional partners over the next few…
Unemployment rises to 3.9% - up from 3.6%
The Reserve Bank is expected to react positively to the latest labour market data, with employment growth weaker than expected.
NZX's bear market status blamed on lack of AI stocks
The NZX opened on Tuesday at 10,742 points, compared with its peak of 13,644 on 8 January 2021.
Online grocer Supie in voluntary administration, with $3m in debt
The voluntary administrator says the company, which employed 120 people, has run out of cash.
Ongoing wage pressures could result in lift to OCR - economists
Third quarter labour market data is expected to show ongoing wage pressures, increasing the risk of another hike in the Reserve Bank's official cash rate.
Renewables targets likely to be missed without funding, market reforms - report
A new report suggests unrealistic targets and uncertainties will make it difficult to meet 2030s renewable energy targets.
'BGC's allegations are unfounded' - Fletcher Building boss on leaking pipe claims
Fletcher Building is defending itself against claims made by a Western Australian building company about leaking pipes, installed between 2017 and 2022, and affecting about 12,000 homes.
Construction costs continue to ease as home consents fall
Master Builders says building costs are coming down but are unlikely to make a material difference to the price of a new house.
Fletcher Building withdraws resolution asking for fee increase for board
The board of Fletcher Building has withdrawn a resolution asking for an increase in its directors' fee pool in the face of shareholder pressure.
Shareholders to vote over sale of nine bars and restaurants
Pub and restaurant owner Good Spirits Hospitality is asking shareholders to approve the sale of its assets, to head off legal action by creditors.
