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Business headlines with summaries.
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Consumer NZ releases gift card 'naughty' and 'nice' lists
1 Dec 2023Santa has a 'naughty or nice' list, and this year so does Consumer NZ.
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Demand for consumer credit up before Christmas - Centrix
1 Dec 2023Consumer credit demand rose in November as households looked to take advantage of retail sales leading up to Christmas.
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Govt called to close 'unacceptable' gender pay gap
30 Nov 2023Women in New Zealand are effectively working for free until the end of the year, from 2.38pm today.
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Business confidence rises to its highest level in nearly nine years
30 Nov 2023It comes as the economy heads for a soft landing and firms look towards possible policy changes from the new government.
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NZ First's new provincial fund won't be a 'slush fund' this time - Chris Bishop
30 Nov 2023Chris Bishop is promising the new Regional Infrastructure Fund will not be a "slush fund" for NZ First pet projects. Audio
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'World class' resource on West Coast
30 Nov 2023The West Coast mineral sands resource is "world class" with the potential to create about 300 jobs, Westland Mineral Sands managing director Ray Mudgway says.
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265 redundancies as Unity Software cuts Wētā FX agreement
30 Nov 2023The NZ digital effects company said it aimed to hire back as many staff as possible.
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NZ interest rates need to stay high, tax cuts may drive inflation - OECD
The group suggests New Zealand can expect only "modest" growth in the next couple of years.
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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…
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Australian private equity firm eyeing up MediaWorks - report
30 Nov 2023Local media company MediaWorks is being eyed by an Australian private equity firm, according to a newspaper report.
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Consumer NZ takes legal action over Z Energy claims
30 Nov 2023The consumer group is seeking declarations from the High Court that Z Energy has breached the Fair Trading Act with misleading public messaging. Audio
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Reserve Bank keeps official cash rate at 5.5 percent
29 Nov 2023The Reserve Bank has left its benchmark interest rate unchanged, as expected, and repeated that rates will stay high for an extended period
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'Not impressed': Councillor slams Brown's idea of leasing port
29 Nov 2023Auckland's mayor says his plan to lease council assets to pay for the rising costs of running the city is not asset stripping.
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Slowing property market hits Ryman Healthcare
29 Nov 2023Retirement village operator Ryman Healthcare has posted a lower half-year profit on lower property value gains.
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TradeWindow cuts dozens of jobs, staff take pay cuts
29 Nov 2023Forty percent of its 80 staff will be let go, with the bulk of the redundancies completed by the end of the month.
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No OCR cut expected with inflation still over 5 percent
The Reserve Bank is expected to leave the official cash rate unchanged at 5.5 percent.
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Fisher & Paykel Healthcare reports revenue and profit growth
29 Nov 2023The growth was despite increasing costs and a drop in demand.
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Metro Performance Glass posts half-year loss
29 Nov 2023The loss was largely down to a $9.1 million write-down of intangible assets in New Zealand due to the negative outlook for the sector.
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Sustainability key focus for consumers, firms - surveys
29 Nov 2023Consumers and corporations are looking for ways to take meaningful action on climate change and sustainability, two studies suggest.
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'Humiliating': Payment devices unusable by blind people
29 Nov 2023A blind Dunedin resident says she has had to resort to telling shop workers her card pin number because touchscreen Eftpos machines are "unusable".
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Not so cruisy: Rough start to season for cruise ships
For the second time in a fortnight high winds meant the Ovation of the Seas, which can carry almost 5000 passengers, has not come into port. Audio
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Lawyer expects support for reining in ministerial powers on foreign investments
A corporate lawyer believes foreign investors will be pleased to see a proposal to limit ministerial decision-making powers for overseas investment decisions.
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First green-fuelled trans-Atlantic flight to take off
28 Nov 2023Airlines see the flight, which is supported by government funding, as demonstrating that a greener way of flying is possible.
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Arvida posts slight increase in net profit
28 Nov 2023The aged care and retirement village operator said the gross value of sales rose 2 percent, exceeding the same period last year.
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