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Market Review

Fed cuts put markets in pole position for bull run

‘A bet against the US market is a bet against AI and I’m not sure that’s an entirely wise move right now,’ Craigs Investment Partners’ investment director Mark Lister says.

Brent Melville Sat, 20 Sep 2025

Market Review

Fed cuts put markets in pole position for bull run

‘A bet against the US market is a bet against AI and I’m not sure that’s an entirely wise move right now,’ Craigs Investment Partners’ investment director Mark Lister says.

Brent Melville Sat, 20 Sep 2025

Polls, recessions, capital gains taxes

ANALYSIS: Former politician Peter Dunne on what this week’s shock GDP slump means for the coalition Government.

Beehive Banter

Polls, recessions, capital gains taxes

ANALYSIS: Former politician Peter Dunne on what this week’s shock GDP slump means for the coalition Government.

NBR Staff Sat, 20 Sep 2025

Aviation News

Viljoen leaves Fiji Airways with top 10 world ranking

Carry On: Air Niugini’s A220, Russia’s regional jet, Wizz Air moves, new routes.

Aviation News

Viljoen leaves Fiji Airways with top 10 world ranking

Carry On: Air Niugini’s A220, Russia’s regional jet, Wizz Air moves, new routes.

Nevil Gibson Sat, 20 Sep 2025

Students’ Say

Bitcoin near $120k: is this time different?

ANALYSIS: It's not clear whether the crypto currency ecosystem has actually changed, or just built a sturdier-looking casino.

Students’ Say

Bitcoin near $120k: is this time different?

ANALYSIS: It's not clear whether the crypto currency ecosystem has actually changed, or just built a sturdier-looking casino.

Andy Tran Sat, 20 Sep 2025

Quick Takes

Asic’s Joe Longo to step down in 2026

The Australian Securities and Investments Commission (Asic) chair Joe Longo has announced he will not seek an extension to his term, which ends in May 2026.
Longo, a former general counsel for Deutsche Bank in London and Hong Kong, took up the role as Asic chair in June 2021.
He also worked at the regulator as national director of enforcement between 1996 and 2001.
Asic has become more proactive in enforcement during Longo’s tenure, with a doubling in investigation numbers and a 20% increase in civil enforcement proceedings.

MARKET MOVEMENTS

THIS WEEK'S CARTOON CONTEST IS LIVE

Infrastructure, not vineyards: FirstCape’s KiwiSaver dream

Law

Court rules on wholesale investor regime

Aviation News

Air NZ unveils giant engineering hangar at Auckland Airport

Australia

Aussie emissions target an opportunity for Kiwi aviation biofuels

Finance

Forsyth Barr shareholders ‘overwhelmingly’ back Mercury deal

Investment

Auditor tags Comvita accounts with ‘material uncertainty’

Market Review

Fed cuts put markets in pole position for bull run

Beehive Banter

Polls, recessions, capital gains taxes

Aviation News

Viljoen leaves Fiji Airways with top 10 world ranking

Students’ Say

Bitcoin near $120k: is this time different?

Last Word

Infrastructure, not vineyards: FirstCape’s KiwiSaver dream

Law

Court rules on wholesale investor regime

Economics

Willis dumps on Trump for GDP slump

Economics

NZ economy declines 0.9% in June quarter

Te Ao Māori

Te Ao Māori puts people at the heart of payments

General Business

NZ’s female-only startups get just 2.9% of every dollar invested

Hunter’s Corner

Forest partnerships: the delay of gratification

Tourism

Govt ploughs $70m into events and tourism

Westgate developer Mark Gunton ‘disappointed’ with appeal outcome

The NBR Rich Lister is taking legal advice on whether it’s the end of the road in his legal battle over key infrastructure at the town centre.

General Business

FMA refuses to comment on departure of two senior staffers

The regulator’s head of external relations and its executive adviser for strategy and design are understood to have resigned.

Private Bin

Du Val diss, BlackRock ball gazing, Damien Grant aesthetics

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

Quick Takes

Quick Takes of the Week to September 19

In case you missed it: News bites for the week.

Featured

Tech & Innovation

BlackRock on what could derail the ‘AI mega force’

The world’s largest asset manager’s chief investment strategist for Apac & Middle East says artificial intelligence will have the same impact as steam engines or electricity.

Te Ao Māori

Start here, go together

In the final of this series, Riki Consultancy’s Janelle Riki-Waaka and Nathan Riki share practical steps to bring tikanga Māori and Te Ao Māori into the workplace.

Te Ao Māori

Start here, go together

In the final of this series, Riki Consultancy’s Janelle Riki-Waaka and Nathan Riki share practical steps to bring tikanga Māori and Te Ao Māori into the workplace.

The NBR Rich List

Featured Rich Listers: Chris and Stephen Harris

While Stephen hasn’t been involved in anything business related for the past year, brother Chris has, through his connection to investment fund Motion Capital.

The NBR Rich List

Featured Rich Listers: Chris and Stephen Harris

While Stephen hasn’t been involved in anything business related for the past year, brother Chris has, through his connection to investment fund Motion Capital.

Economics

Willis dumps on Trump for GDP slump

GDP data came in far weaker than expected in the June quarter, but hopes are for a return to growth in the current quarter.

Economics

Willis dumps on Trump for GDP slump

GDP data came in far weaker than expected in the June quarter, but hopes are for a return to growth in the current quarter.

Analysis

Hunter’s Corner

Forest partnerships: the delay of gratification

ANALYSIS: It takes decades to get some money and then you die.

Tim Hunter Fri, 19 Sep 2025

Underarm

Matos charts a new course at ANZ

ANALYSIS: Nuno Matos has been in charge at ANZ for barely three months but is already putting a big full stop on the legacy of his predecessor Shayne Elliott.

Lachlan Colquhoun Wed, 17 Sep 2025

Margin Call

OpenAI’s dominance and Netflix’s Demon Hunters

ANALYSIS: The creative opportunism of an already transformative streaming service is being closely scrutinised.

Tim Chesterfield Tue, 16 Sep 2025

Shoeshine

Damien Grant doesn’t do himself any favours

ANALYSIS: The High Court’s recent decision to reverse the liquidator’s fees unearthed some curious conduct.

Nicholas Pointon Mon, 15 Sep 2025

Investment

Qscan on Infratil sell list

Strategic review of $460m stake in Australian medical imaging company under way.

NBR Staff Thu, 18 Sep 2025

Smartpay takeover offer ‘reasonable’, says adviser

The board of the dual-listed payment technology company has recommended that shareholders vote in favour of a deal to sell the company for $1.20 a share.

NBR Staff Thu, 18 Sep 2025

Metro Glass shareholders throw their weight behind capital raise

The company’s equity raise to recapitalise its balance sheet was oversubscribed, raising $23.9m.

NBR Staff Tue, 16 Sep 2025

Economics

NZ economy declines 0.9% in June quarter

The economy went backwards over the three-month period, in a much deeper contraction than expected.

Jonathan Mitchell Thu, 18 Sep 2025

NZ economy likely loses mojo in June quarter

Ahead of GDP data next week, economists reckon the economy went backwards, but there’s no technical recession on the horizon.

Jonathan Mitchell Thu, 11 Sep 2025

Westpac suggests more transparency, January rate decision at RBNZ

A new permanent governor to replace Adrian Orr is expected in the coming weeks, while a new board chair also needs to be found.

Jonathan Mitchell Fri, 05 Sep 2025

Politics

Competition law reforms a ‘mixed bag’

Changes around predatory pricing and creeping acquisitions are controversial and unnecessary, competition lawyer says.

Nicholas Pointon Tue, 16 Sep 2025

Predatory pricing, merger laws highlighted in Commerce Act review

Government says competition reforms provide greater consumer protection and more certainty for business.

NBR Staff Tue, 16 Sep 2025

Fed Farmers says anti-debanking Bill vital, while Westpac opposes

Further submissions heard about Andy Foster’s Member’s Bill to guarantee services to consumers and businesses.

Jonathan Mitchell Mon, 15 Sep 2025

Te Ao Māori

Putting on your ‘big girl undies’

Fourth in NBR's Te Wiki o te Reo Māori series. A small community not-for-profit shows what tikanga and Te Ao Māori look like at the grassroots.

Mike McRoberts Thu, 18 Sep 2025

Te Ao Māori puts people at the heart of payments

Payments NZ has adopted Te Ao Māori principles in its data work and says people come first in how payments data is collected, used, and protected.

Mike McRoberts Wed, 17 Sep 2025

Trailblazer’s push to close the protection gap

The new FSC Emerging Trailblazer wants practical cover within reach for Māori and Pasifika whānau and the next generation.

Mike McRoberts Tue, 16 Sep 2025

Primary Industries

Dawn Meats investment a ‘watershed’ moment for Alliance

Alternatives for the meat processing business are ‘very limited’ as the business reaches a ‘critical point’, says report.

Kate McVicar Thu, 18 Sep 2025

McCain and Wattie’s cut fruit and vegetable supply

The multinational food producers have reduced the number of external growers they use in New Zealand.

Kate McVicar Thu, 18 Sep 2025

Rich Lister Mark Stewart likens honey industry to dairy

The Cantabrian businessman sheds more light on his proposed acquisition of debt-laden Comvita.

Kate McVicar Fri, 12 Sep 2025

Australia

Australia announces 2035 emissions reduction target of 62-70%

The government says committing to the target and early action will boost the economy.

Lachlan Colquhoun Thu, 18 Sep 2025

Santos needs Plan B after Abu Dhabi pulls A$30b offer

The deal was set to be confirmed on Friday, but there was also speculation the Australian Government could have overruled the bid as contrary to national interest.

Lachlan Colquhoun Thu, 18 Sep 2025

ASX sued by whistleblowers over governance claims

The stock exchange is already being sued by regulator Asic over issues with its new clearing system, and now ex-employees have entered the fray.

Lachlan Colquhoun Wed, 17 Sep 2025

Tech & Innovation

Govt reprioritises Callaghan budget into new AI fund

Innovation Minister Shane Reti says American AI companies want New Zealand to focus on biotech, geotech and agritech.

Simon Shepherd Thu, 18 Sep 2025

Kami buys UK peer and launches new product as cofounder departs

Edtech startup has acquired Book Creator and will soon launch Kami Companion, as Jordan Thoms takes a career break.

Will Mace Wed, 17 Sep 2025

Payments giant Stripe stops Downunder to talk AI and crypto

US headquartered digital payments provider process US$1.4 trillion in payments last year, and also appointed a New Zealand country manager.

Will Mace Tue, 16 Sep 2025

Law

Du Val accountant ordered to pay nearly $50,000, censured

Waikato-based Nicola Adam of Herbert Morton was the external accountant for failed property developer Du Val.

Jonathan Mitchell Wed, 17 Sep 2025

Watson sued in US$100m fraud claim by Egyptian billionaire family

London court to hear allegations of unlawful means conspiracy against 14 defendants over 10-week trial next year.

Tim Hunter Wed, 17 Sep 2025

FMA warns McEwen clients: check your credit card statements

Former financial adviser may be taking money without authority, says regulator.

NBR Staff Mon, 15 Sep 2025

Finance

KiwiSaver funds hit $123b, schemes pocket $868.5m in fees

Contributions rose 8.8% to $12.2 billion for the year, although non-contributor numbers are also on the rise, the FMA says.

Brent Melville Wed, 10 Sep 2025

Move away from US dollar, assets necessary: Amova boss

Stefanie Drews of Amova, formerly Nikko, says global markets have become complex, fragmented, and need to be approached with care.

Hamish McNicol Wed, 10 Sep 2025

Up to 30 roles on the block at ANZ NZ as 3500 layoffs announced

The Australian parent company announced today that thousands of employees will leave the group by September 2026.

Jonathan Mitchell Tue, 09 Sep 2025

The NBR Podcast

Podcast #74: Investing in war

LISTEN: The rise of ‘dual-use’ technologies has made it harder for investors to know whether they are funding weapons – an area of investment known as ‘the grey zone’.

Simon Shepherd Tue, 16 Sep 2025

Podcast #73: The Xero CEO and the Blue Church

LISTEN: NBR visits Xerocon to meet Sukhinder Singh Cassidy, the CEO with a $26 million pay package, who leads Kiwi software accountancy company Xero and its thousands of devoted followers.

Simon Shepherd Tue, 09 Sep 2025

Podcast #72: Where are the Golden Visas at?

LISTEN: More money, more applicants, and now the ability to buy a piece of New Zealand. The revamped visas for migrant investors are proving popular but can NZ absorb the money or is an economic reckoning on the way?

Simon Shepherd Tue, 02 Sep 2025

General Business

Kitchen Things owes creditors $16.6m

The group’s administrators have recommended they tip the company into liquidation.

Nicholas Pointon Thu, 18 Sep 2025

Inflation, interest rates worry big asset managers

Concerns have increased in the past year about inflation and the potential for monetary tightening, prompting managers to plough more funds into private assets.

Nicholas Pointon Thu, 18 Sep 2025

NZ’s female-only startups get just 2.9% of every dollar invested

The latest Gender Investment Gap report is a wake-up call for the investment community, says co-author Jenny Rudd.

Fiona Rotherham Wed, 17 Sep 2025

Deals

Altered Capital takes 75% stake in e-waste recycler

Echo Technology Lifecycle Solutions plans to open a processing facility in the South Island.

Kate McVicar Wed, 10 Sep 2025

NZ a safe haven as overseas investment intentions hit 6-year high

Simpson Grierson’s annual Expanding Horizons survey finds global uncertainty has strengthened international investors’ intentions to invest here.

Hamish McNicol Tue, 26 Aug 2025

Brewer Parrotdog set to list on Catalist

The Wellington-based craft brewery wants to give its shareholder base more liquidity and transparency.

Kate McVicar Fri, 22 Aug 2025

Tourism

Govt ploughs $70m into events and tourism

The level of investment in events will allow New Zealand to compete with Australia to host big acts, Tourism Minister says.

NBR Staff Sun, 14 Sep 2025

THL signals divestment of Euro business after $25.8m loss

It will likely be another year of chopping and changing for the world’s biggest campervan operator with a ‘strategic review’ heralding a divestment from its UK and Ireland business.

Brent Melville Tue, 26 Aug 2025

Skyline ramps up dividends as luge visits hit 100 million

Speed wobbles haven’t taken the shine off the tourism group's post-pandemic return to form.

Brent Melville Thu, 07 Aug 2025

Infrastructure

Small developers face $1.5m bill, Veolia digs in heels

The Australian-French water services provider claims it has tried to facilitate a group of ‘mum-and-dad’ private developers working together, but it wasn’t under any obligation to pay for the required network diversion.

Brent Melville Mon, 08 Sep 2025

PPP ‘not working’ as advertised, global investment firm says

The traditional public private partnership model is ‘restrictive’ and front loads too much of the financial risk onto the private sector.

Brent Melville Wed, 03 Sep 2025

Port of Tauranga stock spikes, in midst of capacity ‘crisis’

Above-guidance performance for the year sees surge in listed port share price, but boss says for any new service to come to the port, something else has to give.

Brent Melville Tue, 02 Sep 2025

Property

Du Val opportunity and mortgage fund investors likely lose $54m

Statutory managers PwC say they’re still not having much luck getting responses from the failed property group’s founders Charlotte and Kenyon Clarke.

Hamish McNicol Tue, 16 Sep 2025

Golf Warehouse pitches for $20m Takapuna golf and stadium

The country’s largest golf retailer has lobbed an unsolicited offer into council to save the popular North Shore golf course and upgrade Wairau Valley’s indoor arena.

Brent Melville Fri, 12 Sep 2025

Govt hasn’t ‘turned off the tap’ on social housing - Chris Bishop

Kāinga Ora and community housing providers are just operating under a ‘more sophisticated’ system, Housing Minister says.

Brent Melville Fri, 12 Sep 2025

Professional Services

Law firm Lowndes Jordan regularly fielding merger approaches

It has added two partners, including a lateral hire, while losing one to the High Court bench in the past two months.

Hamish McNicol Fri, 12 Sep 2025

Anderson Lloyd poaches three partners from Chapman Tripp

Jo Appleyard, Ben Williams, and Ingrid Taylor join the firm in Christchurch in a rare team lateral hire.

Hamish McNicol Mon, 01 Sep 2025

M&A activity yet to rebound after 2024 lull, PwC says

But there are signs that deal activity is starting to pick up.

Nicholas Pointon Tue, 12 Aug 2025

NBR Focus

The Lawyers 2025: Wynn Williams consolidating after growth

Managing partner Ash Hill and COO Matthew Jones on hiring, the partnership model, and AI.

Hamish McNicol Thu, 14 Aug 2025

The Lawyers 2025: what to do about AI?

ANALYSIS: From clients using it to generate their own advice, to law firms seeking efficiency gains – opinions are split on how technology will affect the legal profession.

Hamish McNicol Thu, 14 Aug 2025

The Lawyers 2025: Simpson Grierson sees itself in the top four

Managing partner Andrew Harkness on talent, pro bono, and worrying about what he can control.

Hamish McNicol Thu, 14 Aug 2025

Retail

Warehouse ‘reshapes’ product offering to compete with Ikea

Prime Minister Christopher Luxon says Kiwi retailers may need to sharpen up as the Swedish retailer gets ready to open in December.

Kate McVicar Thu, 04 Sep 2025

Aus fashion brand granted freezing order against Kiwi distributor

The distributor had accumulated a debt of nearly $500,000 to Mink Pink.

Kate McVicar Wed, 03 Sep 2025

Smiths City placed into voluntary administration, again

The company was previously in receivership in 1991 and 2020, when it was acquired by Colin Neal’s Polar Capital and delisted.

Kate McVicar Tue, 02 Sep 2025

Luxury Property

Clipping foreign ban ‘won’t open the floodgates’ – realtor

Offshore buyers are ‘pretty savvy’ and opening the doors won't ramp up prices, Sotheby’s International says.

Brent Melville Wed, 27 Aug 2025

Queenstown’s $130m lux retreat sets new bar for room cost

Room rates at the Noctis, themed as a ‘day to night’ resort, are likely to be astronomical.

Brent Melville Mon, 11 Aug 2025

The fashion isn’t about overpaying for your property

Even the super rich aren’t having it all their own way when it comes to selling their homes, as buyers remain circumspect ahead of the market recovery.

Brent Melville Wed, 30 Jul 2025

Aviation News

Rare reconnaissance Spitfire to fly at Warbirds Over Wanaka

The Mark XI was unarmed and used for high-altitude photographic missions.

Nevil Gibson Thu, 18 Sep 2025

NZ Jet adds Gulfstream G100 to charter fleet

Mid-sized business jet has a range of up to 5500km.

Nevil Gibson Thu, 18 Sep 2025

Govt releases first aviation sector action plan

Interim Aviation Council’s report seeks to spur action on regulatory change, decarbonisation, infrastructure development, and workforce training.

Will Mace Tue, 16 Sep 2025

Energy

Looming energy reforms won’t tarnish investor appeal, says Watts

Energy and Climate Change Minister’s comments at RIAA conference seek to calm investors’ fears of wholesale reforms.

Will Mace Thu, 18 Sep 2025

NZ Steel to 'cold commission’ $300m arc furnace by December

Country’s largest steel maker has also doubled up on its electricity supply agreement with Contact Energy, adding 50MW per year across an 11-year contract cycle.

Brent Melville Tue, 09 Sep 2025

Meridian cites ‘uncertainty and noise’ as sector awaits Govt move

CEO Mike Roan says gas is the problem so electricity market intervention not necessary.

Tim Hunter Wed, 27 Aug 2025

Rich List 2025

Featured Rich Listers: Brenda Yu & Pat Huo

Almost three decades after the two started PB Tech, it now operates 19 superstores and retail centres.

Owen Poland Thu, 18 Sep 2025

Featured Rich Listers: Smale family

The Smales Farm commercial and retail precinct is losing its One NZ anchor tenant.

Owen Poland Wed, 17 Sep 2025

Featured Rich Listers: Wright family

In June, Wayne Wright Sr was made an Officer of the New Zealand order of Merit for services to education and philanthropy.

Karyn Scherer Tue, 16 Sep 2025

Marketing & Media

MediaWorks separates business into two

The radio arm will now be a standalone operation.

NBR Staff Wed, 10 Sep 2025

News Corp crown goes to Lachlan

Rupert Murdoch’s eldest son will take control of his media empire in a settlement of the family’s feud.

NBR Staff Tue, 09 Sep 2025

TVNZ back in the black; resumes dividend

TVNZ’s restructure has paid off, with the company posting a full-year profit of $25.7m compared with a $85m loss a year ago.

NBR Staff Fri, 29 Aug 2025

Comings & Goings

Briscoe Group appoints Mark Cairns as independent director

Former Port of Tauranga boss has been appointed to the retailer’s board.

NBR Staff Thu, 18 Sep 2025

New chair for NZPork

Paul Bucknell has been involved in the meat industry for more than 45 years.

Thu, 18 Sep 2025

Wine industry veteran announces plans to retire

NZ Winegrowers CEO Philip Gregan is stepping aside after 43 years in the industry.

Wed, 17 Sep 2025

Fed cuts put markets in pole position for bull run

Fed cuts put markets in pole position for bull run

Willis dumps on Trump for GDP slump

Bond market blip raises prospect of fiscal policy ‘death loop’

Free News Alerts

Polls, recessions, capital gains taxes

Polls, recessions, capital gains taxes

Viljoen leaves Fiji Airways with top 10 world ranking

Viljoen leaves Fiji Airways with top 10 world ranking

Bitcoin near $120k: is this time different?

Bitcoin near $120k: is this time different?

Asic’s Joe Longo to step down in 2026

Title

Infrastructure, not vineyards: FirstCape’s KiwiSaver dream

Court rules on wholesale investor regime

Air NZ unveils giant engineering hangar at Auckland Airport

Aussie emissions target an opportunity for Kiwi aviation biofuels

Forsyth Barr shareholders ‘overwhelmingly’ back Mercury deal

Auditor tags Comvita accounts with ‘material uncertainty’

Fed cuts put markets in pole position for bull run

Polls, recessions, capital gains taxes

Viljoen leaves Fiji Airways with top 10 world ranking

Bitcoin near $120k: is this time different?

Infrastructure, not vineyards: FirstCape’s KiwiSaver dream

Court rules on wholesale investor regime

Willis dumps on Trump for GDP slump

NZ economy declines 0.9% in June quarter

Te Ao Māori puts people at the heart of payments

NZ’s female-only startups get just 2.9% of every dollar invested

Forest partnerships: the delay of gratification

Govt ploughs $70m into events and tourism

Westgate developer Mark Gunton ‘disappointed’ with appeal outcome

FMA refuses to comment on departure of two senior staffers

Du Val diss, BlackRock ball gazing, Damien Grant aesthetics

Quick Takes of the Week to September 19

BlackRock on what could derail the ‘AI mega force’

Start here, go together

Start here, go together

Featured Rich Listers: Chris and Stephen Harris

Featured Rich Listers: Chris and Stephen Harris

Willis dumps on Trump for GDP slump

Willis dumps on Trump for GDP slump

Forest partnerships: the delay of gratification

Matos charts a new course at ANZ

OpenAI’s dominance and Netflix’s Demon Hunters

Damien Grant doesn’t do himself any favours

Investment

Qscan on Infratil sell list

Smartpay takeover offer ‘reasonable’, says adviser

Metro Glass shareholders throw their weight behind capital raise

Economics

NZ economy declines 0.9% in June quarter

NZ economy likely loses mojo in June quarter

Westpac suggests more transparency, January rate decision at RBNZ

Politics

Competition law reforms a ‘mixed bag’

Predatory pricing, merger laws highlighted in Commerce Act review

Fed Farmers says anti-debanking Bill vital, while Westpac opposes

Te Ao Māori

Putting on your ‘big girl undies’

Te Ao Māori puts people at the heart of payments

Trailblazer’s push to close the protection gap

Primary Industries

Dawn Meats investment a ‘watershed’ moment for Alliance

McCain and Wattie’s cut fruit and vegetable supply

Rich Lister Mark Stewart likens honey industry to dairy

Australia

Australia announces 2035 emissions reduction target of 62-70%

Santos needs Plan B after Abu Dhabi pulls A$30b offer

ASX sued by whistleblowers over governance claims

Tech & Innovation

Govt reprioritises Callaghan budget into new AI fund

Kami buys UK peer and launches new product as cofounder departs

Payments giant Stripe stops Downunder to talk AI and crypto

Law

Du Val accountant ordered to pay nearly $50,000, censured

Watson sued in US$100m fraud claim by Egyptian billionaire family

FMA warns McEwen clients: check your credit card statements

Finance

KiwiSaver funds hit $123b, schemes pocket $868.5m in fees