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Labour leader accuses government of making the economy worse

Under its leadership New Zealand would not join pillar two of AUKUS, Chris Hipkins says.

Brent Edwards Sun, 01 Dec 2024

Politics

Labour leader accuses government of making the economy worse

Under its leadership New Zealand would not join pillar two of AUKUS, Chris Hipkins says.

Brent Edwards Sun, 01 Dec 2024

Weekly Wrap: Economists clash, OCR cuts and Hipkins on tax

Sun, 01 Dec 2024

Book Review

Doomed prophet of neoliberalism

ANALYSIS: An insider’s account of conservative politics from the birth of the National Party in 1936 to the modern day.

Book Review

Doomed prophet of neoliberalism

ANALYSIS: An insider’s account of conservative politics from the birth of the National Party in 1936 to the modern day.

Nevil Gibson Sun, 01 Dec 2024

Beehive Banter

Interest rate cuts, one-year anniversary, and Labour's tax debate

ANALYSIS: Government takes credit for lower inflation and falling interest rates, but not for insipid economic activity.

Beehive Banter

Interest rate cuts, one-year anniversary, and Labour's tax debate

ANALYSIS: Government takes credit for lower inflation and falling interest rates, but not for insipid economic activity.

Brent Edwards Sat, 30 Nov 2024

MARKET MOVEMENTS

Podcast #33: A mānuka honey crisis

Emirates reduces premium seating on first A350-900

Australia

Virgin Australia wins approval for Qatar Airways flights

General Business

Axed SolarZero staff protest at BlackRock's Auckland office

Last Word

Government appeals High Court decision in Nelson Tenths case

Investment

Marlborough Wine to delist from NZX in cost-cutting push

Politics

Labour leader accuses government of making the economy worse

Book Review

Doomed prophet of neoliberalism

Weekly Wrap: Economists clash, OCR cuts and Hipkins on tax

General Business

Axed SolarZero staff protest at BlackRock's Auckland office

Investment

Cushing moves to complete Rural Equities takeover

Last Word

‘We do the same DD as any other lender’: NZGIF chair

Hunter’s Corner

The audacious IRR-oneous vision of Icehouse

Primary Industries

MPI says it doesn’t know of any China honey ‘dumping’

Infrastructure

Concrete wants chunk of NZTA’s $12b annual road spend

Politics

Hipkins outlines Labour’s next steps on tax debate

Economics

A tale of two economists’ views of fiscal and economic policy

Ruling could cost John Copson’s Crown group $14m

Former NBR Lister’s appeal fails against 2022 ruling that the lender had squeezed developer out of a lucrative deal.

Investment

Metroglass trims interim loss; inches closer to capital raise

The company says it now has the confidence to ask shareholders to invest.

Investment

Cushing moves to complete Rural Equities takeover

Chair and deputy chair mount takeover offer for the minorities at discount to net assets.

Property

Wellington office rentals stay static as vacancies breach 7%

Supply and demand office imbalance in Wellington CBD, while Auckland tenants start getting picky about eco-credentials.

Featured

Tech & Innovation

Zenno seals seed round expansion with Japan's Global Brain

Japanese VC fund has brought giant corporations ANA Holdings and Mitsubishi Electric to the party.

Economics

RBNZ juggles inflation and economic tightrope in new Trump era

Inflation could get shaken about by President-elect Donald Trump’s strict trade promises, Christian Hawkesby tells NBR.

Economics

RBNZ juggles inflation and economic tightrope in new Trump era

Inflation could get shaken about by President-elect Donald Trump’s strict trade promises, Christian Hawkesby tells NBR.

Private Bin

BlackRocked, Promisia bargains, RBNZ admits OCR wrong?

Our weekly collection of news bites, hot takes, and gossip around the town.

Private Bin

BlackRocked, Promisia bargains, RBNZ admits OCR wrong?

Our weekly collection of news bites, hot takes, and gossip around the town.

Investment

Ryman’s past growth ambitions became ‘literally unsustainable’

The company’s board wants the business to be as efficient as it was several years ago.

Investment

Ryman’s past growth ambitions became ‘literally unsustainable’

The company’s board wants the business to be as efficient as it was several years ago.

Analysis

Hunter’s Corner

The audacious IRR-oneous vision of Icehouse

ANALYSIS: A glimpse into the venture capital investor’s financials reveals some pros and cons.

Tim Hunter Fri, 29 Nov 2024

Edwards on Politics

After a good first year, Coalition faces challenges ahead

ANALYSIS: It largely delivered on the election promises which were packaged up in its coalition agreements.

Brent Edwards Thu, 28 Nov 2024

Underarm

What to do with A$280 billion – nest egg or nation building?

ANALYSIS: New mandate for Australia’s sovereign wealth fund has opened up new political battle lines.

Lachlan Colquhoun Wed, 27 Nov 2024

Margin Call

US equities are unusually expensive

ANALYSIS: Why equity markets outside of the US are likely to outperform the US market in the event of a major market correction.

Nicholas Bagnall Tue, 26 Nov 2024

Investment

TruScreen flags it needs to raise capital again, shortly

Cervical cancer screening technology company's board warns if it doesn't raise money by next September, it may not survive.

NBR Staff Fri, 29 Nov 2024

TradeWindow confident of March break-even despite looming tariffs

Possible Trump tariffs could dent exports to the US, but exporters are diversifying for resilience, says CEO.

Will Mace Thu, 28 Nov 2024

Tower bounces back to profit after healthy year

Outgoing chief executive Blair Turnbull says business set up for long-term growth.

Jonathan Mitchell Thu, 28 Nov 2024

Economics

2025 year of recovery but pain to linger, says RBNZ

Central bank top brass front MPs for questioning after yesterday’s 50bps rate cut, while ANZ business survey highlights pain.

Jonathan Mitchell Thu, 28 Nov 2024

Treasury weighs in on Auckland’s land prices

Tentative evidence the Auckland Unitary Plan has had positive effect in areas of high housing demand, new report on impact of land restrictions on house prices suggests.

Brent Edwards Thu, 28 Nov 2024

Another chunky OCR cut likely before summer fades

RBNZ Governor Adrian Orr says another 50bps cut is on the cards in February if the economy plays ball.

Jonathan Mitchell Thu, 28 Nov 2024

Politics

Vaccine mandates ‘wore away’ at public support for Covid response

The second phase of the inquiry, which begins tomorrow, will look at the pandemic's impacts on inflation, debt, and business activity.

NBR Staff Thu, 28 Nov 2024

Hipkins outlines Labour’s next steps on tax debate

The Labour leader says a contractionary fiscal policy is making the economic downturn worse.

Brent Edwards Thu, 28 Nov 2024

Government extends deadline for new social housing

Chris Bishop says the change is needed to help regions most in need.

Brent Edwards Wed, 20 Nov 2024

Te Ao Māori

Nau mai, haere mai ki Tāmaki Makaurau

Tātaki Auckland Unlimited lays out the welcome mat for NZ’s biggest city, leaving the door wide open for Māori tourism.

Mike McRoberts Thu, 28 Nov 2024

The sausage and the triangle: Aotearoa’s demographic crossroads

While the world’s populations age, NZ’s changing demography offers a unique edge. Can we harness this once-in-a-lifetime opportunity before it’s too late?

Mike McRoberts Thu, 21 Nov 2024

Thousands march across Auckland’s harbour bridge

David Seymour wanted to open a dialogue with his Treaty Principles Bill. Today, from the top of Auckland’s harbour bridge, Māori had plenty to say.

Mike McRoberts Wed, 13 Nov 2024

Infrastructure

Just add money: manufacturers plead for more local support

The sector is a key exporter, but it wants help to get out of the starting blocks.

Brent Melville Wed, 27 Nov 2024

BlackRock, NZGIF backed SolarZero in liquidation

Company's customers will not be affected, it says.

Hamish McNicol Tue, 26 Nov 2024

Concrete wants chunk of NZTA’s $12b annual road spend

The use of concrete for large, heavy use motorways is a ‘no-brainer’ for government’s programme of roads of national significance, road carriers say.

Brent Melville Mon, 25 Nov 2024

Australia

Mark Bryers clocks up five months in custody

The former Bluechip boss is awaiting sentencing after being found guilty of conspiracy charges in Australia.

Lachlan Colquhoun Thu, 21 Nov 2024

ASX-listed MinRes founder to leave over governance scandal

Dunedin-born Chris Ellison founded A$6.7b company Mineral Resources, but has admitted to a ‘serious lapse of judgment’.

Lachlan Colquhoun Mon, 04 Nov 2024

Asic puts Aussie auditors on notice

The regulator issued its first infringement notices and suspended two auditors in the 2024 financial year.

Lachlan Colquhoun Thu, 31 Oct 2024

Tech & Innovation

Two Degrees’ loss narrows as it eyes possible Spark asset sales

Privately-owned telco saw revenue rises across all of its segments.

Will Mace Fri, 29 Nov 2024

Trade Me owner nearly doubles profit despite goodwill impairment

Apax-owned company says marketplace value reduced due to ‘restrained future growth forecasts’.

Will Mace Thu, 28 Nov 2024

New player sees dollars in mobile phone charging

Advertising exec Charlotte Lucas is finally realising a dream she first had five years ago.

Karyn Scherer Thu, 28 Nov 2024

General Business

Reefton gold permits move to Canada

Toronto-listed gold newbie completes acquisition as West Coast miner misses out.

Tim Hunter Wed, 27 Nov 2024

Medical Kiwi placed into administration

The medical cannabis company, registered as Aether Pacific Pharmaceuticals, faced difficulties collecting outstanding accounts receivables.

Nicholas Pointon Tue, 26 Nov 2024

Liquidators of failed fencing firm probe related-party deal

Austen Clarke’s fencing firm failed in October last year.

Nicholas Pointon Tue, 26 Nov 2024

The NBR Podcast

Podcast #33: The mānuka honey crisis

LISTEN: Once called liquid gold, the honey industry is now in crisis as it fights oversupply and price dumping.

Simon Shepherd Thu, 28 Nov 2024

Podcast #32: Juliet Peterson on the future of Three

LISTEN: Warner Brothers Discovery has had a tumultuous year: 250 people sacked; Newshub shut down; and a record loss of $138m. Is there a future for WBD in New Zealand?

Simon Shepherd Tue, 26 Nov 2024

Podcast #31: Cyclone business recovery in Hawke’s Bay

LISTEN: Almost two years on since Cyclone Gabrielle hit the east coast, the NBR team is on the ground to find out how Hawke’s Bay businesses have recovered.

Simon Shepherd Thu, 21 Nov 2024

Finance

Snowball jumps in on funds management

The equity crowdfunding platform has started offering professionally managed funds, which invest in ‘alternative assets’, to its customers.

Nicholas Pointon Mon, 25 Nov 2024

Westpac denies ‘milking’ customers, says it is keen to grow

The bank has told a select committee inquiry it isn't happy being ranked fourth in NZ.

Jonathan Mitchell Wed, 20 Nov 2024

Trump’s election an opportunity for NZ: local Citi boss

Stefan Boisen talks debt, investment banking, Trump, and 50 years of business in New Zealand.

Hamish McNicol Tue, 19 Nov 2024

Law

Kiwibank fined $1.5m for breaking consumer law

Commerce Commission says the offending was serious and the result of a raft of failures in Kiwibank’s systems.

NBR Staff Wed, 27 Nov 2024

Former Auckland Port CEO deemed guilty of 2020 death

Verdict sounds a warning for company officials about their health and safety duties.

Brent Melville Wed, 27 Nov 2024

Appeal Court backs ruling on Wikeley fraud

Judges unmoved by claim alleged multi-million-dollar contract with Sir Owen Glenn’s Kea Investments was binned by Kentucky hotel.

Tim Hunter Fri, 22 Nov 2024

Professional Services

Auditors having issues with the basics, FMA says

But annual review finds overall standard of auditing in New Zealand remains strong.

Hamish McNicol Thu, 28 Nov 2024

Six law firms sign up to country’s first pro bono network

Pro bono clearinghouse Te Ara Ture will lead the initiative, which sets an annual target of 25 hours per lawyer.

Hamish McNicol Mon, 25 Nov 2024

Three Sixty Capital partners with fast-growing global network

Andersen Global agreement will give Auckland M&A advisory access to more global buyers for local assets.

Hamish McNicol Fri, 15 Nov 2024

Primary Industries

MPI says it doesn’t know of any China honey ‘dumping’

New Zealand honey insiders have differing opinions on the extent of honey dumping, but MPI says it is not aware of any issues regarding mānuka honey exported to China.

Kate McVicar Wed, 27 Nov 2024

Alliance Group reports $95.8m loss

Slumping China sales and restructuring costs drive second year of red ink for meat co-op, but management see green shoots.

Tim Hunter Tue, 19 Nov 2024

Rockit mulls capital raise, flags 2024 ‘growing pains’

Growers told payout will be 66 cents a tube this season, nearly a third of initial forecasts.

Hamish McNicol and Kate McVicar Fri, 15 Nov 2024

Retail

Kmart NZ approaches $1b turnover, profit up 52%

Warehouse Group interim chief executive John Journee last week said it could compete with Kmart.

Hamish McNicol Wed, 27 Nov 2024

‘No ducking poor performance’: KMD board faces shareholders

‘The market has undoubtedly spoken, and the clock is ticking fast on this iconic company’s fortunes,’ one shareholder noted.

Kate McVicar Wed, 20 Nov 2024

How can retail draw cautious consumers back?

Concurrent retail conferences offer an insight into what consumers are looking for and the future of retail design.

Kate McVicar Fri, 15 Nov 2024

Property

Citadel Capital fends off liquidation attempt by IRD

The company has settled its long-standing debt with the tax department.

Nicholas Pointon Tue, 26 Nov 2024

Queenstown hotels widen gap on Auckland, with top daily rates

Resort continues to fire, while Auckland hotels and tourism operators bank on a big November, as city comes off sedate October.

Brent Melville Mon, 18 Nov 2024

Citadel Capital owes IRD more than $600,000

Farhad Moinfar’s property development firm has spent months trying to cut a deal with Inland Revenue to settle the debt.

Nicholas Pointon Wed, 13 Nov 2024

Deals

‘We do the same DD as any other lender’: NZGIF chair

SolarZero collapse a ‘surprise’, Cecilia Tarrant says.

Hamish McNicol Thu, 28 Nov 2024

Direct Capital invests in Active Refrigeration Group

Investment is PE firm's sixth from its sixth fund, which raised $425m in March 2020.

NBR Staff Wed, 20 Nov 2024

Private equity-owned biscuit company acquires Kiwi snack brands

The Arnott’s Group has growth ambitions for Mother Earth, Flemings, and VP.

Kate McVicar Tue, 19 Nov 2024

NBR Focus

Green shoots after Cyclone Gabrielle

WATCH: In this final story, NBR speaks with businesses about growth opportunities in Hawke’s Bay and overseas after Cyclone Gabrielle.

Jonathan Mitchell Fri, 22 Nov 2024

Will the emergency response be better next time?

WATCH: Emergency Management and Recovery Minister Mark Mitchell on why the emergency management system needs an overhaul.

Jonathan Mitchell Thu, 21 Nov 2024

Building resilience, spending millions on cyclone recovery

WATCH: Hawke’s Bay businesses are spending big to recover from Cyclone Gabrielle. Are they prepared for the next one?

Jonathan Mitchell Wed, 20 Nov 2024

Representing the 500 or so descendants of the former eastern Māori MP Wi Pere, the trust generates above-average returns from 7000 hectares of hill country and a relatively small 79ha horticulture unit.

NBR Staff Wed, 23 Oct 2024

Featured NBR Lister 2024: Sir Michael Hill

Earlier this year Sir Michael held a private golf tournament at his exclusive golf course, The Hills, to raise money for environmental conservation organisation Southern Lakes Sanctuary.

NBR Staff Tue, 22 Oct 2024

Featured NBR Lister 2024: Jonathan McHardy

With a property portfolio worth more than $140m, McHardy has a 20% stake in New Zealand Pastures.

NBR Staff Mon, 21 Oct 2024

Aviation News

NZ-India direct flight speculation ramps up

Air India appoints passenger sales agent for New Zealand.

Nevil Gibson Fri, 29 Nov 2024

New RNZAF C-130J-30 Hercules completes first Antarctic mission

Pilot says change is like switching from a manual truck to an SUV.

Nevil Gibson Wed, 27 Nov 2024

Singapore to step up Changi terminal upgrades

Carry On: Avia buys B737 Max8s, Spirit's Chapter 11, Etihad cabin makeover.

Nevil Gibson Sat, 23 Nov 2024

Comings & Goings

Partner promotions at Russell McVeagh

Lauren Rapley and Jeremy Upson have been made partners of the firm.

NBR Staff Fri, 29 Nov 2024

NZ Property Investors Federation elects new president

Peter Ambrose is a full-time property investor, property coach, and property finder.

Thu, 28 Nov 2024

ASB appoints new climate transition lead

Sam Friggens started in his new role at ASB on October 29.

Tue, 26 Nov 2024

Labour leader accuses government of making the economy worse

Labour leader accuses government of making the economy worse

Hipkins outlines Labour’s next steps on tax debate

Chris Hipkins not confident of reasoned debate on Treaty bill

Weekly Wrap: Economists clash, OCR cuts and Hipkins on tax

Weekly Wrap: Economists clash, OCR cuts and Hipkins on tax

Doomed prophet of neoliberalism

Doomed prophet of neoliberalism

Interest rate cuts, one-year anniversary, and Labour's tax debate

Interest rate cuts, one-year anniversary, and Labour's tax debate

Emirates reduces premium seating on first A350-900

Virgin Australia wins approval for Qatar Airways flights

Axed SolarZero staff protest at BlackRock's Auckland office

Two years for a court date

Government appeals High Court decision in Nelson Tenths case

Marlborough Wine to delist from NZX in cost-cutting push

Labour leader accuses government of making the economy worse

Doomed prophet of neoliberalism

Weekly Wrap: Economists clash, OCR cuts and Hipkins on tax

Axed SolarZero staff protest at BlackRock's Auckland office

Cushing moves to complete Rural Equities takeover

Two years for a court date

‘We do the same DD as any other lender’: NZGIF chair

The audacious IRR-oneous vision of Icehouse

MPI says it doesn’t know of any China honey ‘dumping’

Concrete wants chunk of NZTA’s $12b annual road spend

Hipkins outlines Labour’s next steps on tax debate

A tale of two economists’ views of fiscal and economic policy

Ruling could cost John Copson’s Crown group $14m

Metroglass trims interim loss; inches closer to capital raise

Cushing moves to complete Rural Equities takeover

Wellington office rentals stay static as vacancies breach 7%

Zenno seals seed round expansion with Japan's Global Brain

RBNZ juggles inflation and economic tightrope in new Trump era

RBNZ juggles inflation and economic tightrope in new Trump era

BlackRocked, Promisia bargains, RBNZ admits OCR wrong?

BlackRocked, Promisia bargains, RBNZ admits OCR wrong?

Ryman’s past growth ambitions became ‘literally unsustainable’

Ryman’s past growth ambitions became ‘literally unsustainable’

The audacious IRR-oneous vision of Icehouse

After a good first year, Coalition faces challenges ahead

What to do with A$280 billion – nest egg or nation building?

US equities are unusually expensive

Investment

TruScreen flags it needs to raise capital again, shortly

TradeWindow confident of March break-even despite looming tariffs

Tower bounces back to profit after healthy year

Economics

2025 year of recovery but pain to linger, says RBNZ

Treasury weighs in on Auckland’s land prices

Another chunky OCR cut likely before summer fades

Politics

Vaccine mandates ‘wore away’ at public support for Covid response

Hipkins outlines Labour’s next steps on tax debate

Government extends deadline for new social housing

Te Ao Māori

Nau mai, haere mai ki Tāmaki Makaurau

The sausage and the triangle: Aotearoa’s demographic crossroads

Thousands march across Auckland’s harbour bridge

Infrastructure

Just add money: manufacturers plead for more local support

BlackRock, NZGIF backed SolarZero in liquidation

Concrete wants chunk of NZTA’s $12b annual road spend

Australia

Mark Bryers clocks up five months in custody

ASX-listed MinRes founder to leave over governance scandal

Asic puts Aussie auditors on notice

Tech & Innovation

Two Degrees’ loss narrows as it eyes possible Spark asset sales

Trade Me owner nearly doubles profit despite goodwill impairment

New player sees dollars in mobile phone charging

General Business

Reefton gold permits move to Canada

Medical Kiwi placed into administration

Liquidators of failed fencing firm probe related-party deal

The NBR Podcast

Podcast #33: The mānuka honey crisis

Podcast #32: Juliet Peterson on the future of Three

Podcast #31: Cyclone business recovery in Hawke’s Bay

Finance