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Business headlines with summaries.
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Metlifecare to repay $6.8m from wage subsidy scheme
Although the retirement village operator says it qualified for the scheme, it has determined repaying the wage subsidy is the right thing to do
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Govt urged to ease restrictions on temporary visas to address labour shortage
The government is being urged to ease restrictions on temporary visas to ensure there are enough workers available to address an acute labour shortage in popular holiday destinations.
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Claims frozen fries dumped in New Zealand - Ministry investigates
A dispute over the humble potato has reached boiling point over claims European frozen fries are being dumped in New Zealand.
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BNZ profit knocked sharply
The BNZ's profit has been knocked sharply lower by the effects of Covid-19 pandemic, but it's confident the worst is behind it.
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Electricity company's profit droops in wake of droughts and pandemic
Trustpower's profit for the past six months was $33.6 million, down 13 percent from a year ago.
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Export market could slow Māori unemployment
New Zealand's export market has been "well-positioned" to ensure Māori unemployment doesn't get much worse, a Māori trade organisation has said.
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Sanford seafood company's profit likely to be halved
Falling salmon prices, slow sales and poor catches are expected to almost halve Sanford's annual profit.
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Daunting job-hunting fate for students amid climbing unemployment
Tertiary students face a daunting prospect of finding stable jobs amid the changing nature of employment due to the pandemic.
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Unemployment slightly lower than expectations
The labour market has fared better than expected during the Covid-19 pandemic but has still recorded the biggest quarterly rise in the number of unemployed in more than 30 years.
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Dairy farming 'one of the shining stars of Covid' - ANZ
Recent banking results show dairy farming might be one of the "shining stars" of the Covid-19 pandemic.
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Government releases new guide to open ocean farming
The country's largest salmon farmer hopes new guidelines for "open ocean" farming will not require zero environmental impacts, as it looks to set up the country's first ocean farm.
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Testing stations in Christchurch busy after community cases
There's been a steady stream of people getting tested for Covid-19 in Christchurch after two community cases, and Sealord has made changes to reduce the risk of crews bringing the virus into the…
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Wall Street frets as US election too close to call
Wall Street and global financial executives are waiting anxiously for a clear winner in the 2020 US election after President Donald Trump called foul play, stoking fears of a drawn-out count.
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Z Energy half year results down 300%
The country's largest fuel retailer has made a $58 million loss in the six months to September, reflecting the harsh impact the nationwide lockdown had on the industry.
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NZ-owned Pushpay doubles half-year profit
The service, which processes donations to churches and charities in North America, experienced a surge as lockdowns restricted in-person church congregations.
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Property Investors Federation slammed for housing crisis claims
Property investors are being slammed for claims first home buyers are making the housing crisis worse.
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Steady investment in startups despite Covid-19
A report from business advisory firm PwC shows angel investment in the six months to June was down by just 5 percent on the year earlier, with $33.6 million pumped into fledgling firms.
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Funds Managers Otago removed from schemes for poor performance
The trustee of three investment funds has dumped their manager for poor performance, forcing the Financial Markets Authority to step in.
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Chorus says ComCom decisions on UFB don't reflect commercial reality
Telecommunications lines company Chorus has taken a swipe at the Commerce Commission's decision on how to calculate future pricing of the ultrafast-fibre broadband network (UFB).
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Strong sales reported by Briscoe Group, up year on year
The Briscoe Group has reported strong sales for the past three months - the pent up demand post lockdown appearing to carry the retailer through to the end of the year.
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House hunting in a hot market 'just too hideous'
An Auckland house hunter is shocked by the number of properties she's missed out on that have come onto the rental market just weeks after being sold.
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Forum sets out vision for sustainable financial system
Changes need to be made to the way financial decisions are made to ensure economic activities are not coming at the expense of the environment, according to New Zealand's Sustainable Finance Forum.
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Green hydrogen projects: Plenty of chat but limited cash
Official enthusiasm for green hydrogen has not resulted in the investment and other supports necessary to make it a commercially viable fuel.
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New Zealand to adopt 'world-leading' new natural disaster insurance claims model
Natural disaster insurance claimants will no longer have to deal with the Earthquake Commission, because private insurers are taking over the process.
