News
Two major operators still stifling competition in grocery sector, The Warehouse says
The Warehouse says the supermarket duopoly of Foodstuffs and Woolworths continues to limit the expansion of its fresh food and grocery items despite regulatory and government measures to improve…
Silicon Valley Bank fallout: Backing for strength of Asia Pacific region banks
Global ratings agency S&P says Asia-Pacific region banks have reasonable buffers to cope with contagion risks stemming from the collapse of the Silicon Valley Bank.
Digital skills in workforce essential, but some organisations unprepared for growing risk to security
A tech-savvy workforce could add about $7.3 billion dollars a year to the New Zealand economy.
Clubs urged to make sure they are complying with new law
All sorts of clubs will need to comply with the Incorporated Societies Act 2022, which replaced legislation put in place in 1905.
Industry needs to work together to address critical housing shortages - Property Council
The property industry is aiming to develop a long-term plan to address housing issues which transcend the vagaries of three-year political election cycles.
Cautious mood after first crop of businesses report on financial results
The first corporate reporting season of the year has mostly delivered to expectations.
How Three Waters might impact councils' financial ratings
Ratings agency Standard and Poor's (S&P Global) has rated how councils would be affected by Three Waters legislation, and found winners and losers.
What's holding up a deal on Tiwai aluminium smelter?
Meridian Energy says price is not the only issue holding up a energy agreement to keep the Tiwai aluminium smelter operating beyond next year.
Many companies expected to deliver solid results - investment expert
The corporate reporting season gets underway tomorrow, with the market focused on how well companies have been managing costs, and the outlook for the rest of the year.
Kiwi companies collaborate to develop biofuel as coal substitute
Genesis Energy and Fonterra are working together to develop locally sourced biofuel as a substitute for coal.
Building downturn offers incentive for further technological innovation - report
Residential building activity in New Zealand is expected to slow over the second half of the year, which could result in more industry investment in innovation.
Commerce Commission considering action over high paywave fees
Some businesses are failing to pass on lower paywave and other card fees to consumers, despite a law change capping some rates.
House prices expected to drop further 15-20% in second half of year
January's CoreLogic House Price Index saw residential property values fall 7.2 percent over the year earlier, the biggest 12-month decline since May 2009.
Power spot prices forecast to climb as rainfall returns to normal levels
Power is forecast to cost perhaps four times more than spot prices charged in the last three months of 2022.
Trust key for consumers buying innovative items - report
Trust is the currency of innovation as most consumers will not buy from companies that fail to meet a range of expectations, according to a US magazine report.
Cybersecurity threats increasing and evolving at rapid pace - legal expert
Companies and organisations are being warned to pay more attention to cybersecurity, or face financial consequences and other risks.
Fonterra looking to expand its international recipe contest
Fonterra sees international competition as a way to bake in global demand for New Zealand butter.
New report details emerging risks for fund managers
The Financial Markets Authority has identified a number of risks for fund managers to grapple with.
Uncertain market conditions an opportunity for longer-term investors
Investors will be spoiled for choice as ongoing market volatility offers up some high-quality assets at bargain prices, say industry leaders.
Employment confidence fell in December quarter, index shows
Employment confidence fell in the December quarter ahead of a looming recession.
Otago expected to fare best during economic growth slowdown - Westpac
Regions with a high exposure to export markets, including agriculture and foreign tourism, will generally do better than others, according to Westpac's regional report.
Household debt repayments likely to be even higher next year, ASB warns
Higher debt servicing charges are expected to add about $80 a week to the average household budget by the end of the year.
Myriad of factors point to another difficult year in supply chain logistics, expert says
Supply chain challenges are expected to increase and become more complex next year, due to a long list of risks and rising costs.
Spike in business demand for faster fibre connections
Businesses are spending more on super fast, commercial grade, fibre network connections as more of their operations move online.
Hotel industry gearing up for substantial expansion
More than a dozen new facilities are under construction or due to open around the motu next year.