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As one navigates life after cutbacks, the other is desperate to grow – what we learned from the Māori Affairs Committee scrutiny hearings about Te Arawhiti and Tupu Tonu.

Mike McRoberts Thu, 05 Dec 2024

No need for rushed MACA law change – former Attorney-General

Chris Finlayson KC says today’s Supreme Court ruling on the Marine and Coastal Area Act means there’s no need for the Government to be hurrying through law changes.

Mike McRoberts Mon, 02 Dec 2024

Government appeals High Court decision in Nelson Tenths case

Country's longest running litigation against the Crown is set to last longer, after the Government lodged an appeal against last month's High Court judgment awarding a significant sum to Māori descendants of the Nelson Tenths.

Mike McRoberts Fri, 29 Nov 2024

Infrastructure

Eastland twin berth project gets green light

Project, which will substantially upgrade berth capacity, has been stymied in the court appeal process for a decade.

NBR Staff Thu, 12 Dec 2024

Government refuses to say how much it will spend on new ferries

A new company will advise on the procurement of the ferry replacements.

Brent Edwards Wed, 11 Dec 2024

Developers claim Vector anti-competitive, ‘price gougers’

The country’s biggest lines monopoly wanted to charge one owner $72,000 to move an electrical box 200mm.

Brent Melville Mon, 09 Dec 2024

Australia

Asic sues failed airline Rex over profit forecasts

Rex went into administration in June, but was telling investors in February that it was on track for a profit.

Lachlan Colquhoun Wed, 11 Dec 2024

Mark Bryers jailed until 2032 over A$10m Australian tax fraud

Former Bluechip boss received just under A$1.7m for his role in the scam.

Lachlan Colquhoun Fri, 06 Dec 2024

Virgin Australia wins approval for Qatar Airways flights

The travel industry has welcomed the move, saying it will be good for travellers and enhance competition.

Lachlan Colquhoun Sat, 30 Nov 2024

Tech & Innovation

Microsoft switches on NZ hyperscale data centre

Technology giant Microsoft launches Auckland facility for future growth and expansion.

Jonathan Mitchell Thu, 12 Dec 2024

Exits allowed NZGCP to start actively investing again

The government agency said the sale of its stake in Kami improved the cashflow outlook of its Aspire fund.

Fiona Rotherham Fri, 06 Dec 2024

Cleantech company Nilo raises $13m in Series A round

The round was led by existing investor Inter Ikea and deep tech VC firm Pacific Channel.

Fiona Rotherham Wed, 04 Dec 2024

General Business

Hart cashes up in US$3.2b Pactiv deal

Nasdaq-listed packaging company Pactiv Evergreen will be taken private in merger with Novolex.

Tim Hunter Wed, 11 Dec 2024

Pyne Gould mulls potential listing for Torchlight

Torchlight owns the Hanley’s Farm property development in Queenstown.

Tim Hunter Tue, 10 Dec 2024

Kia ora good evening, from Ngā Taonga

News shows and programmes over 35 years from TV3 have been donated to Ngā Taonga national archives.

Mike McRoberts Mon, 09 Dec 2024

The NBR Podcast

Podcast #37: Would you trust a neobank?

LISTEN: Forget about Kiwibank being a disrupter, could the real change be a new wave of ‘neobanks’?

Simon Shepherd Thu, 12 Dec 2024

Podcast #36: Kill a worker, who’s responsible?

LISTEN: The guilty verdict for ex Ports of Auckland CEO Tony Gibson over a worker’s death could have major ramifications for companies.

Simon Shepherd Tue, 10 Dec 2024

Podcast #35: Has the PM met his KPIs?

LISTEN: Are the Prime Minister's policies prolonging the recession? Luxon also talks job cuts, cost of living, Māori-Crown relations, and coalition wrangling.

Simon Shepherd Thu, 05 Dec 2024

Finance

Specialist lenders optimistic about 2025 economic recovery

KPMG’s latest pulse of finance lenders is out, showing profit and margin pressure in a tough economy.

Jonathan Mitchell Wed, 11 Dec 2024

Revolut applies to be a bank in NZ

Financial services provider would be the first international digital bank in New Zealand, if approved.

Jonathan Mitchell Fri, 06 Dec 2024

FMA blames economy as confidence in financial markets plunges

Survey reveals one in five believe they have been approached about a scam over the past year.

Karyn Scherer Mon, 02 Dec 2024

Law

‘Missed opportunity’ in Companies Act reform

University of Auckland academics say modernisation of company regulations should go further.

Hamish McNicol Wed, 11 Dec 2024

DIA sues Skyline subsidiary over alleged AML failures

Regulator files court action against Christchurch Casinos alleging ‘multiple breaches’ of AML legislation.

NBR Staff Tue, 10 Dec 2024

Greg Olliver slips $60m creditor noose

Ironically, the failed property developer’s biggest lender, owed $53m, helped him stave off bankruptcy.

Brent Melville Tue, 10 Dec 2024

Professional Services

EY NZ quits restructuring, report reveals

Firm disbanded local restructuring business due to ‘changing market dynamics’.

Hamish McNicol Mon, 02 Dec 2024

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

Primary Industries

Federated Farmers asks ComCom to investigate rural lending

Rural advocacy group says it is seeing potentially cartel-like behaviour from banks around net-zero commitments.

NBR Staff Wed, 11 Dec 2024

Zespri producers approve international growing expansion

A second vote to extend Zespri's global supply strategy has received more support.

Kate McVicar Wed, 11 Dec 2024

Honey biotech’s shareholders shocked by liquidation attempt

The founder of TRG Natural Pharmaceuticals is applying to liquidate the firm, much to the surprise of small shareholders.

Nicholas Pointon Tue, 10 Dec 2024

Retail

Sephora NZ loss improves by 63%

The French-owned make-up giant reported its 2023 financials.

Kate McVicar Tue, 10 Dec 2024

Profit plummets for Petstock NZ

Financial statements for the pet retailer co-owned by Woolworths showed an 86% decline in profit.

Kate McVicar Thu, 05 Dec 2024

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

Property

Commercial property to climb out of $4b hole

In the worst year for commercial property in at least a decade, 2024 saw the market fall to less than $6b in deals, down from $10b pre-pandemic.

Brent Melville Wed, 11 Dec 2024

Auckland’s ‘sky residence’ sets new bar, at $18m

Recession, what recession? Top three apartments priced at a combined $44m as buyers snap up 24 of 30 apartments in the upmarket Albert Street tower.

Brent Melville Tue, 10 Dec 2024

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.

Brent Melville Fri, 29 Nov 2024

Deals

Government prompts Kiwibank to try to raise $500m

No initial public offering for the bank right now, but maybe later, as Govt acts on Commerce Commission advice on banking sector.

Brent Edwards Mon, 09 Dec 2024

‘Headwinds’ hit Aussie PE and VC activity

In a flat market, the value of the much awaited Canva IPO has also been dialled down from US$40b to US$26b in the last year.

Lachlan Colquhoun Thu, 05 Dec 2024

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

SolarZero collapse a ‘surprise’, Cecilia Tarrant says.

Hamish McNicol Thu, 28 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

Featured Listers 2024

Featured NBR Listers 2024: Wi Pere Trust

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

Iata predicts five billion passengers for first time in 2025

The international airline body also predicts revenues topping US$1 trillion.

Nevil Gibson Thu, 12 Dec 2024

Air New Zealand brings forward battery-powered plane testing

The Beta Technologies Alia CX300 will fly NZ Post cargo across Cook Strait.

NBR Staff Thu, 12 Dec 2024

First A321XLR for Qantas takes shape in Hamburg

Carry On: Malaysia’s first A330neo, UK airports for sale, Jetstar’s new uniforms.

Nevil Gibson Sat, 07 Dec 2024

Comings & Goings

Tonkin + Taylor Group appoints new chair

Vanessa Stoddart is a director for Channel Infrastructure, Waste Management, and international forestry company OneFortyOne; she sits on several advisory and not-for-profit boards.

Fri, 13 Dec 2024

Presbyterian Support Northern appoints CEO

Shaun Greaves started his new role on December 9, taking over from interim CEO Pam Elgar, who will return to her role as a PSN board trustee.

Thu, 12 Dec 2024

Home in Place appoints new CEO

Larissa Bridge is the new chief executive.

Thu, 12 Dec 2024