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Business headlines with summaries.
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Businesses want change from new government, but workers could pay
27 Nov 2023Business leaders want to see quick changes from the new government, including scrapping fair pay agreements and allowing 90 day staff trials. Audio
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Drop in value of property portfolio disappointing - Kiwi Property CEO
27 Nov 2023Kiwi Property Group has reported another half-year loss as the value of its property portfolio continues to be affected by soft economic conditions.
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Medical Assurance Society fined $2.1m for overcharging customers
27 Nov 2023Health insurance company, the Medical Assurance Society, has been fined $2.1 million for overcharging thousands of customers.
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Slowdown in US, China markets hitting Comvita revenue
The honey company is warning this year's earnings and profits will be hit by the soft US and Chinese economies.
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Radius Care sees drop in profit, but better underlying result
27 Nov 2023Aged care operator Radius Care reported an 18 percent drop in half-year profit, due to the previous year's one-off gains.
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Black Friday sales slump by 10 percent - Retail NZ
Retail NZ's chief executive says this year there were plenty of shoppers out and about - but they were buying less.
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Westpac to block abusive comments in bank transfers
26 Nov 2023Westpac is changing its terms and conditions to stop customers writing abusive comments into the payment system.
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Avondale business group calls for Burger Fuel to step up after accident
26 Nov 2023A business group in Auckland wants Burger Fuel to do more than just blame a "mechanical fault" for one of its cars hitting people at a parade yesterday.
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Multi-million dollar plans for equestrian centre near Ashbutron
25 Nov 2023Consents been made to develop a $200m equine stud and equestrian centre next to Lake Hood in Ashburton.
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Little impact on inflation, interest rates from new government - economists
The barebones of the policies released in the coalition agreements confirm much of the three parties' pre-election manifestos.
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Restaurateur's $30k in reparations 'a warning'
24 Nov 2023Vijay Singh unlawfully deducted money from his restaurant manager's wages, underpaid him, failed to pay him for holidays and leave, and under-recorded the hours he worked.
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Offer of $122m for Auckland's Downtown Carpark
24 Nov 2023Auckland's Downtown Carpark looks set to be sold for $122 million, with plans to demolish and redevelop the site.
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Wānaka is not loving it: Residents fight plans for fast food outlet
24 Nov 2023Plans to open a 24-hour McDonald's in Wānaka have met fierce opposition from local residents. Audio
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Aotearoa reaping rewards of Michael Cullen's Superannuation Fund
24 Nov 2023The Superannuation Fund has turned 20 and is claiming the country is $40 billion better off as a result.
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What's worrying boardrooms as the new government takes over
24 Nov 2023Inflation, the economic outlook and political uncertainty are souring the mood in boardrooms, according to a new survey.
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Auckland businesses blindsided by SailGP cancellation
23 Nov 2023The cancellation of SailGP, scheduled to be hosted in Auckland next year, feels like a "gut punch" for business in the city centre. Audio
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Tui oil field decommissioning hits bump in the road
The vessel being used for the project is leaving New Zealand waters without completing the full scope of the work expected, MBIE says.
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Cancer diagnostics firm Pacific Edge hit by US insurance setback
23 Nov 2023The losses come as the company reels from the decision of US Medicare provider Novitas to axe cover for CXbladder tests.
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My Food Bag profits hit by cost of living squeeze
23 Nov 2023The meal kit business has seen half year profits halved as customers opted for cheaper products.
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AFT Pharmaceuticals reports increased revenue
23 Nov 2023The maker of the Maxigesic pain relief medication says demand for the drug is strong with the company reporting higher bottom line profit and revenue.
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Goodman Property Trust sees half-year net loss
23 Nov 2023The company has reported a stronger underlying profit, though a $226.5 million drop in the fair value of its properties resulted in a bottomline loss.
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Rent prices rising faster than usual, but yields still low by past standards
23 Nov 2023Residential rental growth is at historically high levels, as wage growth and an imbalance between supply and demand hits home.
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'Fake' discounts leave a black mark on Black Friday
22 Nov 2023A price comparison website has uncovered a growing trend of deceptive discounting.
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Sam Altman to return as OpenAI CEO
22 Nov 2023OpenAI on Wednesday said it reached an agreement for Sam Altman to return as CEO days after his ouster, capping a marathon discussion about the future of the startup at the centre of the artificial…
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