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Business headlines with summaries.
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‘Disaster’ - Tauranga’s marine precinct sale $4m below value
26 Oct 2024Tauranga City Council sold the precinct for $13.987m to a developer who proposed transforming it into a "premier superyacht refit destination".
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NZX on the rise after three years in doldrums
An investment analyst says falling interest rates have given the local share market a strong boost by freeing up investor cash.
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Wind power firm departs, amid fast-track controversy over seabed mining
25 Oct 2024A plan for an offshore wind power generation site has been abandoned as the company has pulled out, as controversy continues over seabed mining also planned for the area.
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Medical cannabis producer Puro partners with Te Rūnanga o Kaikōura
25 Oct 2024Puro chief executive Sank Macfarlane said it is a natural partnership that supports the local community.
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Economy will improve sooner rather than later - expert
25 Oct 2024There are good times on the way, though the path may be far from smooth.
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How many media jobs have gone, and where?
24 Oct 2024Cuts continue at most of the country's major media outlets and there is a warning new legislation could be a killer blow for many.
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Which KiwiSaver scheme has the biggest balance?
24 Oct 2024The scheme with the largest balances has five times the overall average. Audio
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'Expect better airfare deals in coming months'
One commentator says the airlines have listened to complaints about high prices.
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Marsden Point: New plan to revitalise former refinery
24 Oct 2024It's hoped the transformation will boost energy resilience and support decarbonisation.
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Low stable inflation in sight, RBNZ's Adrian Orr says
24 Oct 2024But Adrian Orr says interest rates will need to be managed to dampen the last areas of high price pressures.
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Wood processors exposed to high spot pricing before closure - report
24 Oct 2024All the North Island wood processors were exposed to high spot pricing in August, but market options were available, a report from the Electricity Authority has found.
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House sales edge up but buyers still cautious
24 Oct 2024House sales are edging upwards, but a market boom is unlikely to happen soon, with buyers still cautious of the poor economic conditions.
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Air NZ school holiday flights 167% more expensive
23 Oct 2024There are allegations Air New Zealand is taking Kiwis for an excessively expensive ride across the Tasman. Audio
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Foodstuffs considers merger appeal
23 Oct 2024The group's North and South Island arms operate more than 500 Four Square, New World and PAK'nSAVE supermarkets and have applied to merge the two regions.
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'We don't make excess profits' - Bank tells MPs $2b annual profit 'fair'
ANZ's top brass have pushed back against suggestions it's making too much profit.
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Supermarkets closing early to avoid late-night anti-social behaviour
23 Oct 2024Multiple Auckland supermarkets are reducing their trading hours over safety concerns.
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Mid-sized businesses report return in customer demand
23 Oct 2024Mid-sized business sentiment is being lifted by rising sales and production in the lead up to Christmas.
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Kiwis powerless on insurance premium hikes - advocate
23 Oct 2024An Australian insurer has been told to unwind a 60 percent increase to a customer's insurance premiums after the person complained - but New Zealand policyholders do not have the same recourse.
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Major hotel operator returns to Christchurch with $32m buyout
23 Oct 2024Millennium and Copthorne Hotels is returning for the first time since the 2010 and 2011 earthquakes.
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Are there really 'secrets banks don't want you to know'?
23 Oct 2024You've probably seen the ads - but can you really 'pay off your mortgage in seven to 10 years'?
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Fletcher Building's revenue continues to fall
23 Oct 2024Fletcher Building says its first-quarter materials and distribution business is down 10 to 15 percent - and will stay that way for a while yet.
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'Optimism is the key word': Retailers more confident about future
23 Oct 2024Retailers are feeling more confident about their future, even though many are still struggling to meet sales targets, given the high costs of living and doing business.
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Hazardous substances a problem throughout industry, claims owner
22 Oct 2024Salters Cartage is being forced to pay $4 million in a landmark proceeds of crime settlement over the death of Jamey Bowring in 2015.
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Weedkiller deemed OK in NZ pulled off Australian shelves
14 Oct 2024The Environmental Protection Authority issued new rules for using the herbicide in September.
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