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Business headlines with summaries.
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KiwiSaver changes recommended in industry report
The government and financial sector groups need to take a broad approach to changing and improving KiwiSaver to get the most out of the scheme in the decades ahead, according to a new report.
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Small businesses struggling with overdue payments
Small businesses are struggling to make ends meet as they wait for an estimated $7.4 billion in overdue payments.
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Stanley Group collapse: 'Someone needs to be held to account'
A business owner caught up in the collapse of the Stanley Group of construction companies said it could sink his own firm as well, and have ripple effects outside of the 500 companies directly owed…
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Bank profits flat to match lacklustre business mood
Softer loan growth and narrower interest rate margins have combined with a gloomy business outlook to keep retail banks' profits in check.
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Vodafone to spend $10m upgrading customer service
The company will create a New Zealand-based service team dedicated to fixing customer issues after complaints of inadequate and slow responses.
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Economic weakness ahead, traffic movements signal
Light and heavy traffic movements signal slower economic growth over the next three months, as annual growth trends down.
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House price slowdown eases economic risk
A slowdown in house price growth has put banks in a stronger position and reduced the chances of a major market correction, according to the ratings agency S&P Global.
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'Let's combine forces': Contractor wants to hold building bosses to account
Team Cabling director Dave Burt says he wants contractors to unite to legally challenge company directors who don't pay retention money and squander people's funds through reckless decision-making.
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Capital market review recommends changes to Kiwisaver
The chairperson of a review of the broader financial markets says there's plenty of potential to grow the size of New Zealand's capital markets.
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Cardrona seeks clearance to buy Treble Cone skifield
Cardrona Alpine Resort is seeking Commerce Commission approval to buy the Treble Cone skifield near Wanaka.
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Chinese ship stopped for biosecurity breach heading to Napier
A Chinese ship prevented from picking up almost 5000 cows from Portland due to biosecurity concerns is headed for Napier where it's hoping to collect thousands of live animals for export.
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ANZ Bank: 'OCR of 1 percent probably isn't going to do it'
The Reserve Bank will have to cut interest rates close to zero to give the economy a boost and to meet its inflation target, ANZ Bank says.
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Two building companies liquidated, crane firm in receivership
More than 120 staff have been laid off at two construction companies now in liquidation, while staff are still on the job at a crane hire company now in receivership.
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Fonterra delays release of financial results
Fonterra has postponed the publication of its annual financial results saying it needs more time to finalise its accounts.
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Com Com takes finance company to court
The Commerce Commission has filed proceedings alleging that UDC Finance Limited's dishonour and late payment fees were unreasonable because they were more than what the company lost.
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Air NZ's idea of using Whenuapai for domestic flights 'half-baked'
Air New Zealand is close to deciding whether it wants to fly from a second Auckland airfield, although Defence Minister Ron Mark has shot the idea down.
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Company boards 'need to be challenged'
The existing board model of companies needs to change to cope with challenges from digital disruptions and regulatory changes, a report says.
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Nearly 6000 Fonterra staff to miss out on bonuses and pay rises
Dairy co-operative Fonterra is freezing the pay of its top paid staff for the next 12 months.
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Housing market expected to reheat after winter lull
Lower interest rates and no capital gains tax are expected to spur housing sales after prices stayed fairly level over the past three months, QV consultants say.
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Decline in new vehicle sales signals tough road ahead for industry
New vehicle sales are falling after more than a decade of growth in a sign consumer demand is further softening.
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Two Canterbury building firms fail
A Canterbury construction firm whose staff and contractors said they were owed thousands has gone into liquidation and its sister company has ceased trading.
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NZ trade position looking solid for near future
The country's trade position has improved, driven by strong prices for meat and dairy products and a softer currency.
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FMA responding to complaint about Fonterra
The Financial Markets Authority is seeking more information from Fonterra's management after a complaint about the dairy co-operative's books.
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Govt splashes $75k on 'gourmet' seaweed exporter
The government is investing $75,000 towards turning a pest seaweed into a premium food export.
