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Business headlines with summaries.
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Ōtara Flea Market secures new licence with longer hours
21 Aug 2025As a beloved South Auckland landmark, the Ōtara Flea Market is known for being rich in Pacific culture and vibrancy, offering food, music, crafts and art.
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SkyCity reports 42% drop in underlying profit, fall in revenue
21 Aug 2025The casino operator also said revenue was down 11 percent, but reported a small net profit.
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Skellerup posts record profit
21 Aug 2025The maker of 'red band' gumboots and components for industrial and agricultural products also had record revenue.
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Auckland Airport's net income lifts strongly after last year's tax bill
21 Aug 2025The airport's underlying profit also rose, as rental income improved, it increased aeronautical charges and had lower interest and tax expenses.
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Business banking 'a standout' as Kiwibank sees full-year profit drop
Kiwibank has posted a lower full-year profit on the back of increased costs and a fall in margins.
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'Key lever': Call for spending on new airline routes, major events
21 Aug 2025The government needs to spend more on attracting major events and more air capacity to lift international visitor numbers, the head of Tourism Holdings says. Audio
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Why did New Zealand interest rates go higher than Australia's?
Australia's cash rate peaked at 4.35 percent. New Zealand's reached 5.5 percent.
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Shopkeepers upbeat following OCR cut
But experts warn it may be some time before the effects of the change start to be felt.
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Banks start to move on home loan rates following OCR decision
20 Aug 2025A signal from the Reserve Bank that there could be two more cuts to come in the official cash rate could help drive down home loan rates over the coming weeks.
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Reserve Bank's statement a 'dovish pivot' - ANZ
20 Aug 2025The official cash rate has been cut by 25 basis points to three-year low of 3 percent.
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BlinkPay launches real-time payments technology in open banking initiative
20 Aug 2025New Zealand's open-banking initiatives took another step forwards today as local financial technology (fintech) company, BlinkPay launches its instant payment technology.
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'Illustrates the uncertainty': Reserve Bank on cutting cash rate to three-year low
20 Aug 2025The central bank shaved another 25 points off but once again the rate-setting body could not reach consensus on the decision.
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Kitchen Things in receivership as losses mount
20 Aug 2025Most of its stores are closed for now as receivers look to identify potential buyers for the business or assets.
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Fletcher Building reports $419 million full-year loss
20 Aug 2025Fletcher Building has reported a full year net loss of $419m.
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Another interest rate cut looks likely today - but how will the Reserve Bank decide?
20 Aug 2025The Reserve Bank's former assistant governor and head of economics at the Reserve Bank lays out what's involved. Audio
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Spark's profit tumbles in 'challenging' period
20 Aug 2025Spark chair Justine Smyth said economic headwinds, "materially lower customer spending" and structural changes in markets contributed to the fall.
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Electricity Authority 'not totally a chocolate teapot', Shane Jones says
The associate energy minister has previously been heavily critical of the authority, but is pleased by its move to make energy more affordable. Audio
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Café fights street flag ban
19 Aug 2025A Richmond retailer says rules banning advertising flags from the street would cut his revenue by hundreds of dollars.
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SkyCity share trading suspended at its own request
19 Aug 2025The company said it was aware of media reports that it was looking to raise more than $200 million to reinforce its finances.
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Mortgage rate of 3.99% - but there's a catch
19 Aug 2025What's described as "cashback on steroids" comes with a couple of conditions.
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Stuff staff vote to strike
19 Aug 2025It is understood they are unhappy about the company's plans to split their collective agreement.
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Electricity Authority announces more moves to boost competition
19 Aug 2025The big four electricity producers are to be required to offer power on the wholesale market to independent retailers to level the playing field.
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Thinking about solar? Here are questions to ask
The first step is making sure your roof is suitable, says the Energy Efficiency and Conservation Authority.
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Construction activity at lowest level since 2019
19 Aug 2025The 2025 Building Construction Report indicates the industry's total revenue fell 5 percent to $94 billion in the year ended March, from $99b the year earlier.
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