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Beehive Banter

Insurers, supermarkets, a four-year term, Taylor-Travis wedding?

ANALYSIS: Government told to take the lead in fostering more competition in insurance sector.

Brent Edwards Sat, 30 Aug 2025

Beehive Banter

Insurers, supermarkets, a four-year term, Taylor-Travis wedding?

ANALYSIS: Government told to take the lead in fostering more competition in insurance sector.

Brent Edwards Sat, 30 Aug 2025

Equity markets gripped by ‘AI fervour’, Ebos’s ‘savage’ response

Harbour Asset Management portfolio manager Shane Solly on the week that was for financial markets.

Market Review

Equity markets gripped by ‘AI fervour’, Ebos’s ‘savage’ response

Harbour Asset Management portfolio manager Shane Solly on the week that was for financial markets.

Nicholas Pointon Sat, 30 Aug 2025

Aviation News

Business jets: Who flies them and why

Part 2 of a look at private jets: A key market is older billionaires running global enterprises.

Aviation News

Business jets: Who flies them and why

Part 2 of a look at private jets: A key market is older billionaires running global enterprises.

Nevil Gibson Sat, 30 Aug 2025

Featured Video: NBR interviews Prime Minister Christopher Luxon

WATCH: PM concedes running a country is harder than running a business.

Featured Video: NBR interviews Prime Minister Christopher Luxon

WATCH: PM concedes running a country is harder than running a business.

Sat, 30 Aug 2025

Quick Takes

Māori export growth outpaces national average

Māori authority exports have grown faster than the national average over the past seven years, rising 43% compared with a 32% increase in New Zealand’s total goods exports.
Stats NZ data shows overall export values climbed between 2017 and 2024, though key markets have softened.
Exports to China fell from $299 million to $240m, while shipments to the US dropped from $42m to $31m.

MARKET MOVEMENTS

NBR Caption Contest - Enter Now

Asian superpowers to resume direct flights after five years

Economics

RBNZ chair Neil Quigley quits with immediate effect

Investment

Comvita’s board asked to ‘please explain’ by former chair

Investment

Port of Tauranga at capacity ‘crisis point’ as trade goes begging

Investment

DGL cops restructuring costs and posts full-year loss

Investment

Move CEO promises a profit in FY26

Aviation News

Business jets: Who flies them and why

Market Review

Equity markets gripped by ‘AI fervour’, Ebos’s ‘savage’ response

Aviation News

Asian superpowers to resume direct flights after five years

Beehive Banter

Insurers, supermarkets, a four-year term, Taylor-Travis wedding?

Featured Video: NBR interviews Prime Minister Christopher Luxon

Economics

RBNZ chair Neil Quigley quits with immediate effect

Politics

PM concedes running a country is harder than running a business

Hunter’s Corner

Fonterra delivers a masterclass

General Business

Aldi and Lidl ignore Govt’s supermarket pitch

Edwards on Politics

Avoid doomsday scenarios for next economic shock

Te Ao Māori

Labour backs iwi-led supermarket rival; iwi wary

Economics

RBNZ chair Neil Quigley quits with immediate effect

Delegat posts ‘credible’ result in challenging global market

Case sales fell 12% but the winemaker has ramped up its marketing spend in a bid to grow again.

Marketing & Media

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.

General Business

FMA won’t replace departing director of strategy

Daniel Trinder quit the regulator earlier this month.

Investment

Air NZ suffers up to $320m impact from engine maintenance saga

In his final annual results briefing as CEO, Greg Foran says negotiation of compensation for unusable engines is continuing.

Featured

Private Bin

The Rakon-ing, Meridian pay, Metro misfit, Senior Trust fix

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

Politics

PM concedes running a country is harder than running a business

Christopher Luxon says coalition government is a reality of MMP, and people need to accept that.

Politics

PM concedes running a country is harder than running a business

Christopher Luxon says coalition government is a reality of MMP, and people need to accept that.

Rich List 2025

Featured Rich Listers: Sir Mark Dunajtschik and Dorothy Spotswood

In March the couple agreed to fully fund the construction of a new Wellington Charity Hospital, to be known as the ‘Dorothy Spotswood Charity Hospital’.

Rich List 2025

Featured Rich Listers: Sir Mark Dunajtschik and Dorothy Spotswood

In March the couple agreed to fully fund the construction of a new Wellington Charity Hospital, to be known as the ‘Dorothy Spotswood Charity Hospital’.

Te Ao Māori

Labour backs iwi-led supermarket rival; iwi wary

Peeni Henare signalled in Wednesday’s by-election debate that an iwi-led chain is Labour’s preferred “third player”, but Waikato-Tainui’s Tuku Morgan says the business case won’t stack up without deeper reforms.

Te Ao Māori

Labour backs iwi-led supermarket rival; iwi wary

Analysis

Hunter’s Corner

Fonterra delivers a masterclass

ANALYSIS: The co-op's $4.2b sale of its Consumer business to Lactalis is the culmination of a years-long strategic turnaround.

Tim Hunter Fri, 29 Aug 2025

Last Word

Is Rockit headed for a crash landing?

ANALYSIS: The innovative snack apple company is selling nowhere near the number of apples being grown.

Hamish McNicol and Calida Stuart-Menteath Fri, 29 Aug 2025

Edwards on Politics

Avoid doomsday scenarios for next economic shock

ANALYSIS: The Treasury seemed surprised that massive fiscal stimulus actually fuelled the economy.

Brent Edwards Thu, 28 Aug 2025

Underarm

Wild ride on the ASX bull market

ANALYSIS: Investors have turned on some companies and rewarded others in a volatile reporting season which has also seen new records for key ASX indices.

Lachlan Colquhoun Wed, 27 Aug 2025

Investment

Summerset's Oz expansion taking longer than expected – analyst

The company delivered 13 new units in Australia in the six months ended June, but expects to bring 300 to market in FY27.

Nicholas Pointon Thu, 28 Aug 2025

Qantas profits soar on strong travel demand

Low cost domestic carrier Jetstar was the standout performer, with earnings up by more than 50%.

Lachlan Colquhoun Thu, 28 Aug 2025

Rakon board denies report that Witten is stepping down as chair

The company has been locked in a boardroom skirmish this week involving director Brent Robinson.

NBR Staff Thu, 28 Aug 2025

Economics

Missed opportunity or wise decision? RBNZ could have cut by 50bps

A four-two vote in favour of a cut by 25bps won the day, as some RBNZ Monetary Policy Committee members pushed for more.

Jonathan Mitchell Thu, 21 Aug 2025

OCR cut by 25bps with cautious optimism about more to come

The RBNZ's Monetary Policy Committee voted on whether to cut by 25bps or 50bps, with a majority of four votes to two in favour of 25bps.

Jonathan Mitchell Wed, 20 Aug 2025

RBNZ to take data-dependent, cautious bias about further cuts

Statistics NZ data shows food prices jumped 5% in the year ended July, as inflation pressures bubble away.

Jonathan Mitchell Fri, 15 Aug 2025

Politics

How much it will cost business investors to get residency

New visa will breathe life into existing businesses, Erica Stanford says.

NBR Staff Wed, 27 Aug 2025

RBNZ signals appetite to change ‘restrictive’ capital settings

At a news conference, PM Luxon rejected suggestions he had interfered with the Reserve Bank’s independence on monetary policy.

Jonathan Mitchell Mon, 25 Aug 2025

RBNZ urged to stop further capital requirement increases

Parliament's banking inquiry has made 19 key recommendations to improve banking competition.

Jonathan Mitchell Fri, 22 Aug 2025

Te Ao Māori

East Coast and Hawke’s Bay get $24.6m RIF funding

A five-project package spans water storage, post-harvest, aquifer recharge and flood protection, with Wairoa used to show how Crown loans can unlock private and iwi capital.

Mike McRoberts Wed, 27 Aug 2025

Post-target procurement … who kept buying?

Twelve months on, buyer practice, not policy, is doing the heavy lifting for Māori and Pasifika SMEs, with lessons from Australia, Canada, and the US.

Mike McRoberts Wed, 27 Aug 2025

Ruapuke CMT win ramps up pressure on Govt’s marine law rewrite

High Court recognises Ruapuke whānau marine rights; Ngāi Tahu urges Government to drop CMT law rewrite.

Mike McRoberts Tue, 26 Aug 2025

Primary Industries

Landcorp targets $100 million profit by 2030

Farm company's top performance came after putting in place a new leadership structure at Pāmu and focusing on core farming.

Brent Edwards Thu, 28 Aug 2025

Ballance takes $87.5m hit on Kapuni

A gas supply shortage forces an impairment charge at the fertiliser co-op.

NBR Staff Tue, 26 Aug 2025

Fonterra’s Lactalis deal gets Bega sweetener

Co-op to receive a further $375m from Lactalis after Bega agrees to the transfer of brand licences.

NBR Staff Tue, 26 Aug 2025

Australia

NZ ‘hopeless' at asset management, Bishop tells Sydney conference

Some police stations have asbestos, the minister said, and Police ‘didn’t know the state’ of many of their assets.

Lachlan Colquhoun Thu, 28 Aug 2025

Guzman shares dive almost 20% despite record profit

The market looked beyond the fast food chain's result and sentiment on growth has turned negative.

Lachlan Colquhoun Fri, 22 Aug 2025

Accenture to buy CyberCX for A$1b

The deal for the largest locally owned cybersecurity firm in Australasia will be a successful exit for Aussie PE firm BGH.

Lachlan Colquhoun Fri, 15 Aug 2025

Tech & Innovation

VC firm Movac leads $4.75m seed round for medtech startup Avasa

The startup will use the funds to get US regulatory approval for its arterial coupler.

Fiona Rotherham Mon, 25 Aug 2025

Crypto ATM boss in NZ to lobby against ban

The Government proposed to ban the machines last month because of concerns about their use in money laundering.

Nicholas Pointon Thu, 21 Aug 2025

Cleantech startup Aspiring Material’s big gamechanger

Its magnesium can be used to make exotic alloys used in the transportation, aviation, and aerospace sectors.

Fiona Rotherham Wed, 20 Aug 2025

Law

Du Val founders to appeal judge’s suppression decision

Justice Jane Anderson’s reasons for maintaining asset preservation orders last month were heavily redacted.

Hamish McNicol Wed, 27 Aug 2025

Nappy wars: Mowbray loses skirmish as judge kicks out claim

High Court dismisses proposed amendment amid Mowbray, Zuru claims that Treasures owners had knowingly breached restraint of trade in the purchase of competing nappy brand.

Brent Melville Tue, 26 Aug 2025

Winton drops $138m law suit against Kāinga Ora

Residential developer abandons High Court proceedings over its Sunfield development.

Brent Melville Thu, 21 Aug 2025

Finance

‘Great fit’: Alvarium acquires Salt Funds for undisclosed sum

NBR Rich Lister-owned Alvarium now has $4.3 billion of total assets under advice.

NBR Staff Thu, 28 Aug 2025

ComCom pings Westpac for alleged CCCFA breaches

The bank says the alleged breaches of lender responsibility principles relates to historical issues with some of its products.

NBR Staff Mon, 25 Aug 2025

MBIE U-turn on proposed changes to KiwiSaver

The agency confirms it is undertaking policy work but says consultation it retracted yesterday was sent prematurely.

Hamish McNicol Wed, 20 Aug 2025

The NBR Podcast

Podcast #71: AI – productivity vs jobs?

LISTEN: AI is starting to affect jobs, according to the AI Forum’s new survey, which also shows increased productivity and reduced costs.

Simon Shepherd Tue, 26 Aug 2025

Podcast #70: The remarkable Jamie Beaton

LISTEN: 30 years old, 10 degrees, and a diversified company apparently worth more than $1 billion. But does that qualify the Crimson Education co-founder to label the NCEA as broken?

Simon Shepherd Tue, 19 Aug 2025

Podcast #69: The Lawyers – a cross-examination

LISTEN: A brand new NBR Focus series delves into the state of our legal sector with a major survey of our top firms.

Simon Shepherd Tue, 12 Aug 2025

General Business

Road tolls primarily about revenue gathering, not changing habits

Transport expert Scott Wilson dismisses suggestion tolls will help reshape road use: 'It is not a demand management tool'.

Jonathan Mitchell Thu, 28 Aug 2025

Aldi and Lidl ignore Govt’s supermarket pitch

But Costco says changes announced today will likely encourage it to open new stores.

Hamish McNicol Wed, 27 Aug 2025

‘Best result in five years’, as Fullers360 books $88m in revenue

Resurgent post-pandemic result comes while its international shareholder shops the ferry operator around.

Brent Melville Wed, 27 Aug 2025

Deals

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

Momentum & PCRN to merge as clinical research roll-up continues

Private equity-backed companies claim to have formed Australasia’s largest, most integrated clinical trial network.

Will Mace Tue, 19 Aug 2025

Tourism

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

Off-peak tourism ‘hard nut to crack’, Tourism NZ says

International arrivals marooned at 86% of pre-pandemic levels last year, while tourism promotional spend focuses on breaking into the non-summer market.

Brent Melville Fri, 18 Jul 2025

Infrastructure

Port of Auckland ramps dividend to $52m on record result

Country's second busiest port recorded its highest annual volume since the pandemic, while a million tonnes of coal for Huntly also boosted the coffers.

Brent Melville Thu, 28 Aug 2025

Industry pleads for Govt to improve congestion at ports

Cargo owners and trucking firms are frustrated by the delays and costs they face.

Brent Edwards Thu, 21 Aug 2025

‘Cyclical’ construction coughs up $5b in revenue, to six-year low

The fact that the sector lost only 1000 businesses in the wake of a 48% hike in company failures, shows the industry has ‘stabilised’ somewhat, new report says.

Brent Melville Tue, 19 Aug 2025

Property

Fallout for JLL NZ after Australian CEO stripped of job

Property firm’s New Zealand arm moves into damage control after Australian CEO Dan Kernaghan falls on his sword in the wake of ‘stripper-gate’ and allegations of harassment emerge.

Brent Melville Thu, 28 Aug 2025

Winton pivots from lux residences to Wynyard Quarter hotel

Developer is considering repurposing its upmarket waterfront Villard development into a five-star hotel as a hedge against residential downturn.

Brent Melville Wed, 27 Aug 2025

Seascape tower: White knight found for white elephant

Vertical build specialist Icon Construction has moved onto site at Auckland’s tallest build, after almost a year-long pause and a four-month due diligence process.

Brent Melville Tue, 19 Aug 2025

Professional Services

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

PwC partner was ‘severely reprimanded’ for Sacred Hill audits

Victoria Lawson faced NZICA disciplinary action last year, for which she was ordered to pay $25,000 in costs.

Nicholas Pointon Tue, 29 Jul 2025

Ban on PwC Australia government work could be lifted

But it can't tender for government work for some time due to a non-compete agreement with Scyne, which purchased the public sector business of PwC Australia for A$1 after the scandal broke.

Lachlan Colquhoun Mon, 28 Jul 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

Michael Hill pauses Bevilles expansion

The boss of the listed retailer also described Victoria as the ‘most disruptive’ Australian market for retailers.

Kate McVicar Mon, 25 Aug 2025

ComCom warns Kmart over greenwashing

The retailer has been accused of potentially breaching the Fair Trading Act and making unsubstantiated advertising claims.

Kate McVicar Thu, 14 Aug 2025

Empty shops and stubborn landlords: A retail standoff

Retailers and property owners appear to be locked in a stalemate as the sector tries to put the pandemic behind it.

Kate McVicar Fri, 01 Aug 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

Christchurch Airport reports higher revenue, profit

International passenger traffic rose 11% as domestic numbers stalled.

Nevil Gibson Wed, 27 Aug 2025

Global 7500 puts NZ in dress circle of business jets

Bombardier’s top-of-the-line model is based in Christchurch.

Nevil Gibson Sun, 24 Aug 2025

American Airlines to expand long-haul network

Carry On: Eithad’s A380s, Wizz Air expansion, Ryanair plans.

Nevil Gibson Sat, 23 Aug 2025

Energy

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

Electricity Authority moves on pro-competition measures

The regulator announces proposals aimed at levelling the playing field between small electricity retailers and the big four.

NBR Staff Tue, 19 Aug 2025

EA to probe energy prices for businesses

Investigation follows concerns raised by Northern Infrastructure Forum.

NBR Staff Thu, 14 Aug 2025

Rich List 2025

Featured Rich Lister: Hamish Edwards

Hamish Edwards’ company Grenadier finally got the all-clear last November to proceed with Douglas Links golf course at the mouth of the Ōhau river near Levin.

Will Mace Thu, 28 Aug 2025

Featured Rich Lister: Graham Wilkinson

Graham Wilkinson had plenty to celebrate in 2024 after receiving fast-track approval to complete the final stage of his upmarket $500m Auckland complex in Parnell, Auckland.

Owen Poland Wed, 27 Aug 2025

Featured Rich Lister: Murray Bolton

Through his investment vehicle, Bolton Equities, the 76-year-old has a diverse range of shareholdings in the likes of Izon Science, Corporate Cabs, and the controversial Kamo Wildlife Sanctuary.

Owen Poland Tue, 26 Aug 2025

Marketing & Media

Dentsu ANZ boss leaves effective immediately

The local arm of the global advertising giant has not turned a profit since 2016.

NBR Staff Wed, 06 Aug 2025

Another big loss for Discovery NZ

The company reported a $77.6m loss for the 12 months ended December 2024.

NBR Staff Fri, 25 Jul 2025

Sky TV to buy Discovery NZ for $1

Discovery paid $20m in cash for MediaWorks' television assets in 2020.

Nicholas Pointon Tue, 22 Jul 2025

Comings & Goings

Nib NZ appoints Andrew Blair to New Zealand board

Blair will succeed Nib NZ chair Hanne Janes.

Thu, 28 Aug 2025

FCB promotes Paul Wilson to Group CEO, FCB Aotearoa

Wilson will oversee FCB Group brands in New Zealand as part of this newly created role.

NBR Staff Wed, 27 Aug 2025

Sky appoints new chief customer officer

Nikki Goodman has more than 15 years of leadership in the field of customer experience and brand strategist.

Tue, 26 Aug 2025

Insurers, supermarkets, a four-year term, Taylor-Travis wedding?

Insurers, supermarkets, a four-year term, Taylor-Travis wedding?

Strikes, Reserve Bank, Labour policy, Mallard recall and Ukraine

Gaza debate, polls, pay equity, the Covid-19 inquiry no-show

Free News Alerts

Equity markets gripped by ‘AI fervour’, Ebos’s ‘savage’ response

Equity markets gripped by ‘AI fervour’, Ebos’s ‘savage’ response

Business jets: Who flies them and why

Business jets: Who flies them and why

Featured Video: NBR interviews Prime Minister Christopher Luxon

Featured Video: NBR interviews Prime Minister Christopher Luxon

Māori export growth outpaces national average

Title

Asian superpowers to resume direct flights after five years

RBNZ chair Neil Quigley quits with immediate effect

Comvita’s board asked to ‘please explain’ by former chair

Port of Tauranga at capacity ‘crisis point’ as trade goes begging

DGL cops restructuring costs and posts full-year loss

Move CEO promises a profit in FY26

Business jets: Who flies them and why

Equity markets gripped by ‘AI fervour’, Ebos’s ‘savage’ response

Asian superpowers to resume direct flights after five years

Insurers, supermarkets, a four-year term, Taylor-Travis wedding?

Featured Video: NBR interviews Prime Minister Christopher Luxon

RBNZ chair Neil Quigley quits with immediate effect

PM concedes running a country is harder than running a business

Fonterra delivers a masterclass

Aldi and Lidl ignore Govt’s supermarket pitch

Avoid doomsday scenarios for next economic shock

Labour backs iwi-led supermarket rival; iwi wary

RBNZ chair Neil Quigley quits with immediate effect

Delegat posts ‘credible’ result in challenging global market

TVNZ back in the black; resumes dividend

FMA won’t replace departing director of strategy

Air NZ suffers up to $320m impact from engine maintenance saga

The Rakon-ing, Meridian pay, Metro misfit, Senior Trust fix

PM concedes running a country is harder than running a business

PM concedes running a country is harder than running a business

Featured Rich Listers: Sir Mark Dunajtschik and Dorothy Spotswood

Featured Rich Listers: Sir Mark Dunajtschik and Dorothy Spotswood

Labour backs iwi-led supermarket rival; iwi wary

Labour backs iwi-led supermarket rival; iwi wary

Fonterra delivers a masterclass

Is Rockit headed for a crash landing?

Avoid doomsday scenarios for next economic shock

Wild ride on the ASX bull market

Investment

Summerset's Oz expansion taking longer than expected – analyst

Qantas profits soar on strong travel demand

Rakon board denies report that Witten is stepping down as chair

Economics

Missed opportunity or wise decision? RBNZ could have cut by 50bps

OCR cut by 25bps with cautious optimism about more to come

RBNZ to take data-dependent, cautious bias about further cuts

Politics

How much it will cost business investors to get residency

RBNZ signals appetite to change ‘restrictive’ capital settings

RBNZ urged to stop further capital requirement increases

Te Ao Māori

East Coast and Hawke’s Bay get $24.6m RIF funding

Post-target procurement … who kept buying?

Ruapuke CMT win ramps up pressure on Govt’s marine law rewrite

Primary Industries

Landcorp targets $100 million profit by 2030

Ballance takes $87.5m hit on Kapuni

Fonterra’s Lactalis deal gets Bega sweetener

Australia

NZ ‘hopeless' at asset management, Bishop tells Sydney conference

Guzman shares dive almost 20% despite record profit

Accenture to buy CyberCX for A$1b

Tech & Innovation

VC firm Movac leads $4.75m seed round for medtech startup Avasa

Crypto ATM boss in NZ to lobby against ban

Cleantech startup Aspiring Material’s big gamechanger

Law

Du Val founders to appeal judge’s suppression decision

Nappy wars: Mowbray loses skirmish as judge kicks out claim

Winton drops $138m law suit against Kāinga Ora

Finance

‘Great fit’: Alvarium acquires Salt Funds for undisclosed sum