Home

NZX

ASX

MARKET MOVEMENTS

Top Story

Retail

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.

Wed, 09 Jul 2025

Retail

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

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.

Economics

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

Comings & Goings

Mitre 10 boss resigns

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

Comings & Goings

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

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.

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

MARKET MOVEMENTS

Click here for the 2025 Rich List

Travel app Roady kicks off first leg of global expansion tour

Underarm

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

Professional Services

More people can become chartered accountants under new rules

Tech & Innovation

Govt’s ‘light touch’ AI strategy aims to boost private investment

General Business

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

Politics

Legislation on regulatory standards provokes strong views

Professional Services

More people can become chartered accountants under new rules

General Business

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

Retail

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

Rich List 2025

Featured Rich Lister: Bruce Plested

Underarm

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

Comings & Goings

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

Hunter’s Corner

Someone is wrong about Trump’s Big Beautiful Bill

Economics

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

Edwards on Politics

Does the Regulatory Standards Bill meet its own standards?

Politics

Supermarket change in Govt's plan for the next three months

Law

Watson fails to halt SEC insider trading claim

Trump proposes 50% copper tariff, threatens 200% drug levy

And former UK prime minster Rishi Sunak has joined Goldman Sachs.

Investment

ACC stocks up on THL post takeover pitch

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

Australia

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.

Law

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.

Featured

Local Edge

Southland ‘punches above its weight’ with growth opportunities

WATCH: NBR’s Local Edge regional panel heads south to assess the economic fundamentals of Southland.

Rich List 2025

Featured Rich Lister: Bruce Plested

When it comes to fundamental issues such as education, health, and social welfare, Plested doesn’t hold back: ‘Education is the enemy of poverty’.

Rich List 2025

Featured Rich Lister: Bruce Plested

When it comes to fundamental issues such as education, health, and social welfare, Plested doesn’t hold back: ‘Education is the enemy of poverty’.

Law

Uber maintains drivers aren’t employees

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

Law

Uber maintains drivers aren’t employees

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

Retail

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.

Retail

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.

Analysis

Margin Call

Existential threat to traditional advertising models, practices

ANALYSIS: Mad Men, 2025: How AI is remaking and remonetising ads, and who is leading the race.

Tim Chesterfield Tue, 08 Jul 2025

Shoeshine

Will Xero make a meal of Melio?

ANALYSIS: Kiwi SaaS giant is paying up to gain better access to the US market, in an example of boldness rarely seen from New Zealand companies.

Will Mace Mon, 07 Jul 2025

Economy Matters

Fundamental shift in mindset required to boost productivity

ANALYSIS: The second in a series of articles addressing the key issues of NZ’s poor relative productivity.

Christoph Schumacher Mon, 07 Jul 2025

Guest Analysis

The dramatic long-term impact of inflation on pensions

ANALYSIS: Ensuring people get clear information early in their careers can significantly impact their wealth in retirement.

Brian Bloch Sun, 06 Jul 2025

Investment

PGG Wrightson buys livestock health company Nexan

Acquisition ‘a natural progression’ of wholesale distribution deal.

NBR Staff Mon, 07 Jul 2025

Cost pressures, strategic shift drove Bremworth exits, says chair

Several senior executives have left the company since the new board was formed in March.

Nicholas Pointon Mon, 07 Jul 2025

Vital board recommends shareholders accept ‘low’ Tait takeover

Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.

NBR Staff Fri, 04 Jul 2025

Economics

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

‘Mixed signals’ as businesses struggle in the here-and-now

The latest NZIER business survey reveals improved confidence about the months ahead with further interest rate relief.

Jonathan Mitchell Tue, 01 Jul 2025

RBNZ’s Hawkesby counters criticism of capital requirements

Finance Minister targets value for money, asking the central bank to look for cost efficiencies.

Jonathan Mitchell Wed, 25 Jun 2025

Politics

Easing red tape on family trusts part of a wider suite of changes

New Zealanders who play by the rules should not be tied up in red tape, Nicole McKee says.

NBR Staff Tue, 08 Jul 2025

Regulatory Standards Bill called ‘fundamentally objectionable’

Sir Geoffrey Palmer says the bill, in its first day of oral hearings, is ‘quite bizarre, and it won’t work’.

Brent Edwards Mon, 07 Jul 2025

Supermarket change in Govt's plan for the next three months

Addressing the cost of living remains a key focus, says Christopher Luxon.

NBR Staff Thu, 03 Jul 2025

Te Ao Māori

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

Why the ‘Māori tax advantage’ is a myth

Public misconceptions about Māori business taxation are common but most Māori businesses pay the same taxes as any other, tax expert says.

Mike McRoberts Wed, 02 Jul 2025

Primary Industries

Alliance Group nears deal on capital raise

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

Tim Hunter Tue, 08 Jul 2025

Capital flows in for ‘the next Halter’

Agritech company selling mastitis detection sensors is about to close a $1.2 million funding round.

Fiona Rotherham Mon, 07 Jul 2025

Export-led recovery ahead for New Zealand

ANALYSIS: The strength in our export sector comes at a useful time, as the domestic New Zealand economy seems to have hit an air pocket in Q2.

Hamish Pepper Tue, 01 Jul 2025

Australia

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

Six million customers exposed in Qantas hack

The airline says that a ‘significant’ proportion of the Manila call centre’s database is likely to have been stolen.

Lachlan Colquhoun Wed, 02 Jul 2025

Domino’s shares dive on leadership turmoil

The stock slumped by 17% after the chief executive’s announcement.

Lachlan Colquhoun Wed, 02 Jul 2025

Tech & Innovation

TruScreen lifts trading halt after ‘administrative error’

The Kiwi cervical cancer screening device company made a mistake with allotting shares under its SPP.

Fiona Rotherham Fri, 04 Jul 2025

New dental treatment for children about to be commercialised

Associate Professor Dr Joanne Choi has developed a white tooth-capping technology for young children.

Fiona Rotherham Fri, 04 Jul 2025

Datacom revenue stable thanks to AI and Australia

Largest local IT services company making profits and undergoing transformation after 60 years in the game.

Will Mace Wed, 02 Jul 2025

Law

Mike Garnham on bankruptcy tightrope

Wellington lawyer and businessman attempts to avoid bankruptcy with Inland Revenue in High Court proceedings.

Jonathan Mitchell Mon, 07 Jul 2025

Supreme Court rebuffs Wikeley fraud appeal

Court findings on conspiracy to defraud Sir Owen Glenn's Kea Investments will stand.

NBR Staff Fri, 04 Jul 2025

FMA dives deeper into Senior Trust

Regulator forces further confessions from the lending group amid ongoing investigation.

Tim Hunter Fri, 04 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

‘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

Airwork Group goes into receivership

The formerly listed general aviation company has ended up in the hands of receivers after a shareholder breach of the group's banking facilities.

NBR Staff Wed, 02 Jul 2025

Liquidators waiting on $1m payment from car importer

Yujiro Fujisawa claims he never received a letter notifying him about a court hearing.

Nicholas Pointon Wed, 02 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

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

Luxury lodge appeal: average rates close in on $3000 a night

Luxury travel is on the up across Australia and New Zealand, but most of NZ’s most sought after locations reside in foreign hands, according to latest research.

Brent Melville Wed, 02 Jul 2025

Skyline pre-tax profit doubles to $61m, despite casino write-down

Tourism operator absorbed impairments of $22m from its South Korean Tongyeong and Christchurch casino operations.

Brent Melville Tue, 01 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

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

Company linked to ‘property queen’ owes creditors $134k

Connors’ flagship company, Propellor Property Investments, was placed into liquidation at the request of Inland Revenue over unpaid debts.

Nicholas Pointon Wed, 02 Jul 2025

Professional Services

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

MinterEllisonRuddWatts won’t comment on why partner exits

Steve Gallaugher had been a banking and finance partner since 2016.

Hamish McNicol Wed, 02 Jul 2025

New EY NZ boss Susan Jones pitches evolution, not revolution

A refreshed global strategy dubbed ‘All in’ rolls out today at the Big Four firm.

Hamish McNicol Tue, 01 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

EB Games NZ falls into red as AU loss worsens

Financial statements showed domestic operations plunged from a $321,000 profit to a $4.2m loss.

Kate McVicar Thu, 12 Jun 2025

Kiwi clothing company goes after ‘whale’ of markets

Cashmere retailer Elle + Riley is expanding into the US despite market wobbles.

Kate McVicar Fri, 06 Jun 2025

ComCom seeks crackdown on supermarket supplier rebates

A draft report on the Grocery Supply Code finds Foodstuffs and Woolworths receive subsidies from their suppliers of more than $5b a year.

NBR Staff Thu, 05 Jun 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

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

Peter Owens,1940-2025: A born storyteller

Obituary: He knew the power of words to entertain, persuade, and build bridges.

Nevil Gibson Mon, 30 Jun 2025

Energy

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

SolarZero investigation ‘ongoing and complex’

The second report from liquidators of the failed solar energy company shows hundreds of millions in contingent claims from special purpose financing vehicles.

Tim Hunter Thu, 26 Jun 2025

Rich List 2025

Featured Rich Lister: Peter Cooper

Peter Cooper is not just a developer but also a ‘collector’ – of art, of people, and of enduring relationships.

Mike McRoberts Tue, 08 Jul 2025

Featured Rich Listers: Talley family

Ownership of the Talley’s Group is split 50/50 between the families of Ivan Talley’s two sons, Sir Peter and his late brother Michael, who died in 2024.

Owen Poland Mon, 07 Jul 2025

Featured Rich Listers: Fukutake family

The Fukutake family has a goal to create a network of 100 New Zealand businesses and projects through its Still family office.

Owen Poland Fri, 04 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

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

Maxum Foods appoints first CEO

Adrian Lochland will remain based at Maxum’s Brisbane head office as he transitions into the role.

Tue, 08 Jul 2025

Fisher Funds announces new private equity hire

James Dykes will join Fisher Funds as director – private equity.

Mon, 07 Jul 2025

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

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

Luxury retailers grapple with tough times

Skyline pre-tax profit doubles to $61m, despite casino write-down

Free News Alerts

RBNZ leaves OCR on hold at 3.25%

RBNZ leaves OCR on hold at 3.25%

Mitre 10 boss resigns

Mitre 10 boss resigns

BHP and Rio prepare for US copper tariffs

BHP and Rio prepare for US copper tariffs

Travel app Roady kicks off first leg of global expansion tour

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

More people can become chartered accountants under new rules

Govt’s ‘light touch’ AI strategy aims to boost private investment

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

Legislation on regulatory standards provokes strong views

More people can become chartered accountants under new rules

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

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

Featured Rich Lister: Bruce Plested

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

Mitre 10 boss resigns

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

Someone is wrong about Trump’s Big Beautiful Bill

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

Does the Regulatory Standards Bill meet its own standards?

Supermarket change in Govt's plan for the next three months

Watson fails to halt SEC insider trading claim

Trump proposes 50% copper tariff, threatens 200% drug levy

ACC stocks up on THL post takeover pitch

RBA surprises and keeps rates on hold

CricHQ gets another three-week extension to settle damages

Southland ‘punches above its weight’ with growth opportunities

Featured Rich Lister: Bruce Plested

Featured Rich Lister: Bruce Plested

Uber maintains drivers aren’t employees

Uber maintains drivers aren’t employees

Luxury retailers grapple with tough times

Luxury retailers grapple with tough times

Existential threat to traditional advertising models, practices

Will Xero make a meal of Melio?

Fundamental shift in mindset required to boost productivity

The dramatic long-term impact of inflation on pensions

Investment

PGG Wrightson buys livestock health company Nexan

Cost pressures, strategic shift drove Bremworth exits, says chair

Vital board recommends shareholders accept ‘low’ Tait takeover

Economics

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

‘Mixed signals’ as businesses struggle in the here-and-now

RBNZ’s Hawkesby counters criticism of capital requirements

Politics

Easing red tape on family trusts part of a wider suite of changes

Regulatory Standards Bill called ‘fundamentally objectionable’

Supermarket change in Govt's plan for the next three months

Te Ao Māori

Exports lead Māori economy through slow quarter

Championing kaupapa Māori in New Zealand business

Why the ‘Māori tax advantage’ is a myth

Primary Industries

Alliance Group nears deal on capital raise

Capital flows in for ‘the next Halter’

Export-led recovery ahead for New Zealand

Australia

Retirement housing provider GemLife makes strong ASX debut

Six million customers exposed in Qantas hack

Domino’s shares dive on leadership turmoil

Tech & Innovation

TruScreen lifts trading halt after ‘administrative error’

New dental treatment for children about to be commercialised

Datacom revenue stable thanks to AI and Australia

Law

Mike Garnham on bankruptcy tightrope

Supreme Court rebuffs Wikeley fraud appeal

FMA dives deeper into Senior Trust

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