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Case brought by former investors and Du Val shareholders struck out, with judge suggesting imposing duty of care on the FMA would create a ‘perverse incentive’ on the regulator to avoid getting involved with issuers in future.

Law

Du Val investor action tossed, likened to ‘insurance scheme’

Tech & Innovation

The answers to commercialising Kiwi science innovation

KiwiNet has its say as the Government considers the next stage of the science sector reforms.

Tech & Innovation

The answers to commercialising Kiwi science innovation

KiwiNet has its say as the Government considers the next stage of the science sector reforms.

Analysis

Shoeshine

The great data centre goldrush

ANALYSIS: Demand for computing power and data storage is almost creating a new asset class which is a hybrid of technology and property, the data centre. One NBR Rich Lister is among those leading the charge.

Lachlan Colquhoun Mon, 14 Jul 2025

Book Review

Where to find the world’s next unicorns

The global contest for breakthrough technologies.

Nevil Gibson Sun, 13 Jul 2025

Beehive Banter

Covid inquiry, Regulatory Standards Bill, OCR pause, back to work

ANALYSIS: It is still not clear whether former PM Jacinda Ardern will appear in person at Covid inquiry.

Brent Edwards Sat, 12 Jul 2025

Last Word

Something has to give at Senior Trust

ANALYSIS: It may be no coincidence that speculation about a looming statutory management has emerged at the same time the FMA homes in on the niche lender.

Hamish McNicol and Calida Stuart-Menteath Fri, 11 Jul 2025

Investment

Black Pearl to buy US startup B2B Rocket for US$5m-plus

NZX-listed software company will also list its shares on the ASX as a condition of the deal.

Will Mace Mon, 14 Jul 2025

Waste services firm WasteCo plays down COO departure

Executive chair Roger Gower said he wants to grow the company to profitability and revenue north of $100m.

Fiona Rotherham Fri, 11 Jul 2025

Access to capital a constraint on non-bank lenders, FSF says

Banks ironically the largest non-bank lenders in the country, Lyn McMorran says.

Brent Edwards Fri, 11 Jul 2025

Economics

Dual trans-Tasman rate cuts slated for August

WATCH: Both the RBNZ and RBA are expected to cut their respective cash rates next month once more data flows through the system.

Jonathan Mitchell Thu, 10 Jul 2025

RBNZ leaves OCR on hold at 3.25%

The central bank is closely monitoring inflation, which is hovering near the top end of the 1-3% target band.

Jonathan Mitchell Wed, 09 Jul 2025

Would it be a mistake to pause the OCR next week?

More economists expect the central bank to hold the official cash rate at 3.25% amid geopolitical and trade uncertainty.

Jonathan Mitchell Fri, 04 Jul 2025

Politics

FamilyBoost increased after IRD forecasts were wrong

So far, only 60,000 of the expected 100,000 households have benefitted.

Brent Edwards Mon, 14 Jul 2025

Act's plan for more supermarket competition to push down prices

David Seymour says the Government can create an environment that creates more competition.

Brent Edwards Sun, 13 Jul 2025

Oral submissions on Regulatory Standards Bill wrap up

NZ Initiative’s Bryce Wilkinson says it does not undermine the sovereignty of Parliament.

Brent Edwards Sat, 12 Jul 2025

Te Ao Māori

Māori giving NZ a winning edge in global conferences

Māori culture gives New Zealand a powerful point of difference, say organisers.

Mike McRoberts Thu, 10 Jul 2025

Exports lead Māori economy through slow quarter

Despite cooling domestic activity, Stats NZ data shows Māori exports and iwi-owned primary industry businesses are resilient.

Mike McRoberts Tue, 08 Jul 2025

Championing kaupapa Māori in New Zealand business

Tainui Group Holdings chair Hinerangi Raumati Tu’ua on why kaupapa Māori is now essential to New Zealand’s corporate future.

Mike McRoberts Fri, 04 Jul 2025

Primary Industries

Rockit raises $14m ahead of larger capital raise

The raise was supported by 12 shareholders representing 38% of stakeholders.

Kate McVicar Fri, 11 Jul 2025

Foreign investment rules unfair to farmers, says top agent

Anthony Morsinkhof says foreign investment in farms should not be viewed so negatively.

Brent Edwards Thu, 10 Jul 2025

Alliance Group nears deal on capital raise

Confidentiality agreements in place ahead of farmer update due this month.

Tim Hunter Tue, 08 Jul 2025

Australia

BHP and Rio prepare for US copper tariffs

While the copper tariffs will impact the two global miners, Australia will be more directly affected by the prospect of 200% tariffs on pharmaceuticals.

Lachlan Colquhoun Wed, 09 Jul 2025

RBA surprises and keeps rates on hold

The market had expected a rate cut today, with another two cuts by the end of the year.

Lachlan Colquhoun Tue, 08 Jul 2025

Retirement housing provider GemLife makes strong ASX debut

The company offers housing to baby boomers under a structure where people buy the house and not the land.

Lachlan Colquhoun Thu, 03 Jul 2025

Tech & Innovation

Ikea-backed Nilo plans $20m demonstration plant in Drury

The cleantech company has hit a key milestone on its path to converting plastic waste into wood fibreboard adhesives.

Fiona Rotherham Fri, 11 Jul 2025

Govt’s AI ‘strategy’ is nothing of the sort, says tech sector

Feedback on Minister for Science, Innovation and Technology Shane Reti’s plan suggests more action required despite ‘light touch’ regulatory policy.

Will Mace Thu, 10 Jul 2025

Law

FMA mulls ‘range of interventions’ in confidential investigation

Official Information Act response reveals legal advice has been sought in ongoing matter amid statutory management speculation.

Hamish McNicol Mon, 14 Jul 2025

Uber maintains drivers aren’t employees

Drivers and supporters protest outside the Supreme Court as rideshare company appeal begins.

Jonathan Mitchell Tue, 08 Jul 2025

CricHQ gets another three-week extension to settle damages

The two investors owed $172,000 in damages by the cricket scoring software company agreed to adjourn proceedings.

Nicholas Pointon Tue, 08 Jul 2025

Finance

TSB profit grows to $31.2m after lending growth, lower costs

The bank has also called for amendments to capital settings to bring ‘true proportionality’.

Jonathan Mitchell Mon, 30 Jun 2025

A foot on the accelerator: QuayStreet maps out future direction

The NZX acquired the active funds manager from Craigs Investment Partners in a deal worth more than $30m.

Hamish McNicol Mon, 30 Jun 2025

Changes forced at Senior Trust by FMA

The retirement village lender says it will no longer use investor capital to pay dividends.

Tim Hunter Thu, 26 Jun 2025

The NBR Podcast

Podcast #64: Five reasons why some shares suck

LISTEN: New analysis of five major listed companies throws up ‘red flags’ about their governance.

Simon Shepherd Tue, 08 Jul 2025

Podcast #63: Rod Drury – my vision for New Zealand

LISTEN: The Xero co-founder says he’s saddened by what’s happening in New Zealand, but also outlines his nation building ideas.

Simon Shepherd Tue, 01 Jul 2025

Podcast #62: Keep calm and carry on, says veteran financial CEO

LISTEN: The world is going through volatile times, but it’s nothing new for Mercer’s long-serving financial CEO Martin Lewington. He’s stepping down – what’s his parting advice?

Simon Shepherd Tue, 24 Jun 2025

General Business

Rate of SMEs up for sale not expected to rise until next year

Latest ABC Business Sales M&A report predicts business owners will start to consider selling once interest rate declines bite and earnings recover.

Will Mace Fri, 11 Jul 2025

Wellington Combined Taxis nears sale to Auckland’s Co-op cabs

BDO voluntary administrator flagged down Auckland buyer after Blue Bubble hit hard times.

Will Mace Wed, 09 Jul 2025

‘Don’t talk to me about climate reporting’: Dame Joan Withers

Business Hall of Fame inductee says directors are having to spend more time on climate-related disclosures than financial statements.

Hamish McNicol Thu, 03 Jul 2025

Deals

Stantec snaps up Christchurch engineering firm

The New York and Toronto-listed engineering consultancy has purchased Cosgroves for an undisclosed sum.

NBR Staff Mon, 30 Jun 2025

Aussie’s Shaw and Partners buys into Investment Services Group

ISG, which includes fund managers Devon, Clarity, and Tahito and the JMI Wealth adviser network, has $7 billion in assets under management.

NBR Staff Tue, 24 Jun 2025

Kiwi agritech Halter valued at $1.65b following $165m cap raise

Founder Craig Piggott says he and his team have maintained a ‘healthy’ stake in the company post-Series D.

Hamish McNicol Tue, 24 Jun 2025

Tourism

Travel app Roady kicks off first leg of global expansion tour

The Kiwi tourism startup’s already had 25,000 downloads after launching in Australia.

Fiona Rotherham Wed, 09 Jul 2025

ACC stocks up on THL post takeover pitch

ACC buys up $6.7 million worth of Tourism Holdings shares, after previously selling down.

Brent Melville Tue, 08 Jul 2025

THL guidance, future earnings impacted by US

Company is also looking at certain ‘impairments’, the most notable of which is related to goodwill associated with its US business.

NBR Staff Fri, 04 Jul 2025

Infrastructure

How to sell sand to the Aussies

Hamilton-based firm signs deal with building materials multinational Heidelberg, converting byproduct into engineered sand.

Brent Melville Mon, 07 Jul 2025

Council less than halfway to dealing with ‘category three’ homes

More than two years on, NBR looks down the sinkhole of how Auckland is recovering from 2023’s mass flooding event.

Brent Melville Mon, 07 Jul 2025

New ferry company outlines how it plans to cut costs

Savings will be made by not building new infrastructure in Wellington and paring back upgrades, chair Chris Mackenzie says.

Brent Edwards Mon, 07 Jul 2025

Property

PwC won’t budge as buyers abandon Du Val deposits

Destruction of value has seen multiple buyers unable to finance their purchases, while the statutory managers hold firm on original pricing.

Brent Melville Fri, 11 Jul 2025

Formcrete failure has ‘no impact’ on Queenstown developments

A spokesperson for property developer Dean Franklin said liquidation of the building firm did not affect his ongoing projects in the region.

Nicholas Pointon Fri, 04 Jul 2025

Queenstown construction firm owes creditors $7.5m

Formcrete Construction was placed into liquidation by director Dean Franklin last month, ahead of an attempt by Inland Revenue to have the company wound up.

NBR Staff Thu, 03 Jul 2025

Professional Services

‘Completely out of control’ lawyer suspended for 15 months

A lawyer who held a male clerk’s penis outside his clothes and treated junior staff as ‘sexual playthings’ was in March found guilty of misconduct.

Hamish McNicol Thu, 10 Jul 2025

More people can become chartered accountants under new rules

Professional body Chartered Accountants Australia and New Zealand says country is on track for a 15,000 shortfall in accountants by 2030.

Hamish McNicol Wed, 09 Jul 2025

Law firm Turner Hopkins expands into China in collaboration deal

The Takapuna-based firm claims to have New Zealand’s leading Mandarin-speaking legal team.

Hamish McNicol Mon, 07 Jul 2025

NBR Focus

Getting the basics right in Hawke’s Bay

What businesses want from local government on the East Coast.

Jonathan Mitchell Fri, 16 May 2025

Build it and they will come

ANALYSIS: Major investments, from a new stadium to ambitious private developments, are revitalising Christchurch and reshaping its economic future.

Mike McRoberts Thu, 15 May 2025

A mountain to climb in Queenstown-Lakes district

ANALYSIS: Stung by water and roading blow-outs, leaky building payouts, and ramped-up rates, the resort town is going through a tricky period.

Brent Melville Thu, 15 May 2025

Retail

Coffee Supreme eyes up South Asia after Japan

The Wellington-founded coffee company is in growth mode, after getting new investment earlier this year.

Kate McVicar Mon, 14 Jul 2025

Luxury retail giant to walk away from its Australia/NZ stores

LVMH-owned DFS says it will exit the Oceania market after a review of its global store network.

Kate McVicar and Brent Melville Wed, 09 Jul 2025

Luxury retailers grapple with tough times

High-end retail is reporting a bumpy performance, but insiders say the Asia-Pacific region remains a key focus area.

Kate McVicar Tue, 08 Jul 2025

Luxury Property

Melburnians head to Queenstown; golf and private forests

International interest continues to swirl around Queenstown, while Millbrook offers up one of its finest.

Brent Melville Thu, 26 Jun 2025

Precinct’s new York, Feng Shui and islands in the sun

Two of the year’s biggest deals are brewing on Glendowie’s Riddell, while a Hauraki Gulf island hits the market for a cool $60 million.

Brent Melville Wed, 28 May 2025

Trelise Cooper marooned in St Heliers; Cheshire’s Kohi beachhouse

NBR takes a look at what’s hot and what’s not in this introductory edition of Luxury Property.

Brent Melville Wed, 30 Apr 2025

Aviation News

Malaysian Airlines opens order books for Airbus fleets

Carry On: Bombardier deal; AirBaltic, SAS ownership changes; new routes.

Nevil Gibson Sat, 12 Jul 2025

Qantas ushers in new era with first A321XLR

Carry On: Embraers in Western Australia, Airbus for China Airlines, route news.

Nevil Gibson Sat, 05 Jul 2025

Christchurch city launches Wigram museum appeal with $5m donation

The Air Force Museum needs $16m to house its Hercules and Orion aircraft.

Nevil Gibson Wed, 02 Jul 2025

Energy

LNG imports feasible but challenging – report

Government underwrites seen as important if LNG option pursued.

NBR Staff Thu, 10 Jul 2025

Contact agrees gas supply deal with Greymouth Petroleum

Privately owned gas producer says more gas is available ‘if incumbents invest with the drill bit’.

NBR Staff Fri, 04 Jul 2025

Orion funding dividends with debt, accounts show

The Christchurch Council-owned lines company says its dividend ‘aligns with the undertaking agreed in our Statement of Intent’.

Tim Hunter Mon, 30 Jun 2025

Rich List 2025

Featured Rich Lister: Trevor Farmer

Although patriarch Trevor Farmer remains a director of Tappenden, son Dean Farmer and other family members now handle governance on 18 of their companies.

Tim Hunter Mon, 14 Jul 2025

Featured Rich Listers: Masfen family

Peter Masfen has been one of New Zealand’s most influential businessmen, starting his professional life as an accountant.

Kate McVicar Fri, 11 Jul 2025

Featured Rich Lister: Mark Stewart

Stewart has been behind the drive for the Christ Church Cathedral rebuild, and is still trying to secure a funding pathway.

Kate McVicar Thu, 10 Jul 2025

Marketing & Media

Ogilvy restructures its local operations

The company is shedding its advertising arm, which is being consolidated into a related entity.

NBR Staff Fri, 13 Jun 2025

Stuff says it won’t rekindle acquisition talks with NZME

But NZME hinted at its annual meeting it is still keen on Stuff’s publishing assets.

Nicholas Pointon Tue, 03 Jun 2025

Trade Me acquires a 50% stake in Stuff Digital

The deal sees Trade Me acquire a stake in the company that owns the stuff.co.nz website.

Nicholas Pointon Tue, 03 Jun 2025

Comings & Goings

Buddle Findlay appoints Shaun Brookes as partner

Shaun Brookes has experience working across a diverse range of industries, including public sector, local government, private businesses, and charities.

Thu, 10 Jul 2025

Mitre 10 boss resigns

The company's loss deepened to $99m in the 2024 financial year, from a $50.7m loss the year earlier.

NBR Staff Wed, 09 Jul 2025

Dentons promotes seven new partners in New Zealand

Sara Cheetham and Joy Wang were promoted to partner on July 1. Subject to satisfying Law Society’s requirements, Oliver Hobbs and Kate Rouch will join soon. Catherine Deans, Amberley James, and Nicole Thompson will join the partnership by Jan 1, 2026.

Tue, 08 Jul 2025

Large iwi group ‘flabbergasted’ at Kiwibank investment silence

Large iwi group ‘flabbergasted’ at Kiwibank investment silence

Ngāti Toa acquires facilities management firm

Banks move to lift Māori access to capital, but gaps remain

Free News Alerts

Kiwi Kitchens sale price revealed

Kiwi Kitchens sale price revealed

Tough ask to get insurance exemptions under Fringe Benefit Tax

Tough ask to get insurance exemptions under Fringe Benefit Tax

High tech apple facility to form core of new $1b syndication

High tech apple facility to form core of new $1b syndication

Foodstuffs North Island, Gilmours accused of cartel conduct

‘State of the City 2025’ – Auckland’s productivity puzzle deepens

Podcast #65: The economics of weight loss

MediaWorks lands $220m AT billboard deal

‘12 months of cool s***’ – new event targets 800 ticket sales

Are US markets sleepwalking into an inflationary shock?

Foodstuffs North Island, Gilmours accused of cartel conduct

‘State of the City 2025’ – Auckland’s productivity puzzle deepens

High tech apple facility to form core of new $1b syndication

Large iwi group ‘flabbergasted’ at Kiwibank investment silence

‘12 months of cool s***’ – new event targets 800 ticket sales

Kiwi Kitchens sale price revealed

Act's plan for more supermarket competition to push down prices

PwC won’t budge as buyers abandon Du Val deposits

Foodstuffs North Island, Gilmours accused of cartel conduct

‘State of the City 2025’ – Auckland’s productivity puzzle deepens

Happy 25th birthday to Australia’s GST. It’s time to grow up

Govt’s AI ‘strategy’ is nothing of the sort, says tech sector

The tricky business of casual vs permanent part-time employees

Economic recovery ‘pushed further and further out’

Govt to re-establish 10 polytechs

Radius Care lowers performance hurdles for executive bonuses

Featured Rich Listers: Anne and David Norman

Fresh bid for Storage King values company at A$2.2b

Fresh bid for Storage King values company at A$2.2b

Du Val investor action tossed, likened to ‘insurance scheme’

Du Val investor action tossed, likened to ‘insurance scheme’

The answers to commercialising Kiwi science innovation

The answers to commercialising Kiwi science innovation

The great data centre goldrush

Where to find the world’s next unicorns

Covid inquiry, Regulatory Standards Bill, OCR pause, back to work

Something has to give at Senior Trust

Investment

Black Pearl to buy US startup B2B Rocket for US$5m-plus

Waste services firm WasteCo plays down COO departure

Access to capital a constraint on non-bank lenders, FSF says

Economics

Dual trans-Tasman rate cuts slated for August

RBNZ leaves OCR on hold at 3.25%

Would it be a mistake to pause the OCR next week?

Politics

FamilyBoost increased after IRD forecasts were wrong

Act's plan for more supermarket competition to push down prices

Oral submissions on Regulatory Standards Bill wrap up

Te Ao Māori

Māori giving NZ a winning edge in global conferences

Exports lead Māori economy through slow quarter

Championing kaupapa Māori in New Zealand business

Primary Industries

Rockit raises $14m ahead of larger capital raise

Foreign investment rules unfair to farmers, says top agent

Alliance Group nears deal on capital raise

Australia

BHP and Rio prepare for US copper tariffs

RBA surprises and keeps rates on hold

Retirement housing provider GemLife makes strong ASX debut

Tech & Innovation

Ikea-backed Nilo plans $20m demonstration plant in Drury

Govt’s AI ‘strategy’ is nothing of the sort, says tech sector

More studios claim video game rebate in 2025

Law

FMA mulls ‘range of interventions’ in confidential investigation

Uber maintains drivers aren’t employees

CricHQ gets another three-week extension to settle damages

Finance

TSB profit grows to $31.2m after lending growth, lower costs

A foot on the accelerator: QuayStreet maps out future direction

Changes forced at Senior Trust by FMA