It says change means farm production and profitability will not be cut, though Opposition parties say National has moved the goalposts on climate targets.
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ANALYSIS: Part one of a series on the sad story of forestry as an investment in NZ.
First-hand history of Mangaorapa Station in southern Hawke’s Bay.
Our weekly collection of news bites, hot takes, and gossip around the town.
Sale could proceed early next year, but final price will have to meet ministers’ ‘value-for-money expectations’.
The tool was developed by an Auckland software engineer who took a costly hit on his new home build.
Regional councils and farmers cannot rely on historical data as New Zealand's climate becomes more volatile.
Law firm strategic review sees focus return to public interest litigation.
ANALYSIS: The share price may be in the doldrums, but the conditions for an opportunistic offer from the fast food operator’s 75% shareholder were put in place years ago.
World’s largest RV operator has reset its ‘baseline’ target, and measures just 1% of its greenhouse gas emissions inventory.
In a rare interview, an FNZ insider describes how employees’ equity fuelled the fintech’s growth and how they ended up in court.
ANALYSIS: Space Minister Judith Collins says the Government will spend $5.3m on trans-Tasman space missions.
The latest quarterly survey of business opinion suggested activity was flat in the September quarter.
ANALYSIS: Many New Zealand directors say they have suffered similar threats at their homes as Winston Peters.
ANALYSIS: Australian gamblers lost A$25b last year. Reformers wanting change are up against a powerful lobby not only of the gambling industry, but media companies, sporting codes, and even governments.
Australian businessman Philip Bowman has built up significant shareholding in the NZX-listed hospitality group over the past few days.
The company was hit with a ‘please explain’ notice by the market watchdog after its shares nearly doubled in the past month.
The retailer’s namesake brand reported a $12.2 million operating loss for the year.
Nicola Willis says it brings New Zealand into line with what other countries do.
Government agencies must give a 10% weighting to the economic impact of procurement decisions.
Craig Renney warns yesterday’s cut will take time to come into effect.
High electricity prices helped boost the Government’s income.
Orr gets the payment this month as long as certain terms are met.
It says larger, more productive trucks are needed on the road.
Minister Shane Jones expected to push the Government’s plan to fast-track New Zealand’s aquaculture growth toward a $3b target, as the sector opens its annual conference in Nelson today.
Award-winning Māori firm is holding steady through industry turbulence, from the collapse of a rival to the daily abuse faced by frontline crews.
The Government’s energy reforms are promising new rules and procurement, but leave unclear how Māori landowners and workers will fit into the transition.
The Wool Alliance will include several existing organisations that have been competing for funding.
Government has slammed council CEOs who, they say, need to start exercising ‘sensible judgment’ in respect of consenting processes; farmers welcome the removal of a ‘box-ticking’ exercise.
Orange roughy catch cuts and blue cod limits land from October 1, as Shane Jones links today’s sustainability round to the coming Fisheries Act Bill.
The write-down on brands such as Just Jeans, Jay Jays and Portmans sent Myer to a full-year loss, with its shares slumping 26% yesterday.
New Zealand imports all its aviation fuel, but there is momentum for a trans-Tasman biofuels industry.
The government says committing to the target and early action will boost the economy.
Fortinet has established a NZ ‘point of presence’ to make remote access security services quicker and more accessible.
Database company co-founded by Kiwi Paul Copplestone raises a further US$100m from existing investors.
The clean tech innovator is in the midst of an $83.6m capital raising for its e-waste business.
Judge Christina Inglis says employment disputes have become too costly, but the Minister says she is too busy to regulate employment advocates.
The convicted fraudster has been sentenced for a further eight months for offending while on bail.
UPDATE: Class action co-defendant ANZ says ASB’s $135.6m ‘commercial decision’ has not changed its position.
A decision from Cabinet on whether to proceed with legislation that would make it easier for KiwiSaver providers to invest in unlisted assets is expected this month.
Sydney-based private equity firm Mercury Capital has taken a 25% stake in investment firm.
Contributions rose 8.8% to $12.2 billion for the year, although non-contributor numbers are also on the rise, the FMA says.
LISTEN: The media CEO bought the company for a buck five years ago and has now sold half of Stuff Digital to TradeMe.
LISTEN: Our biggest insurer Southern Cross has just posted another major deficit, so what’s driving the major premium increases?
LISTEN: CEO Jolie Hodson talks to NBR about profits tanking and a five-year strategic reset, which led to big job cuts and asset sales.
The respected shipping executive gave decades of service to Pacific trade, and had a lasting impact on bilateral commerce.
Record claims and rising premiums prompt calls for tax breaks but the Government’s not interested.
Liquidators of the failed food oil company are seeking answers about a number of related party transactions.
Brookfield to buy gas pipelines, Powerco to buy Eastland electricity lines.
San Francisco-based Karbon, founded by three former Xero employees, buys New Zealand firm for undisclosed sum.
Echo Technology Lifecycle Solutions plans to open a processing facility in the South Island.
The level of investment in events will allow New Zealand to compete with Australia to host big acts, Tourism Minister says.
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.
Speed wobbles haven’t taken the shine off the tourism group's post-pandemic return to form.
Auckland rates a ‘zero’ on energy resilience to potential weather or other shocks, says report.
The Australian real estate and infrastructure player has already established a $1 billion foothold in New Zealand.
State-owned rail and ferry operator says it brought $1.1 billion of assets online last year.
The Quattro Alberts Group has carved a niche in catering to small and medium-sized businesses in the Auckland CBD, snapping up secondary office blocks and building on a ‘'brown-to-green’ investment ethos.
Pockets of commercial space across the south’s business centres are close to full capacity, in the wake of a resurgent local economy.
Overhaul replaces the New Building Standard ratings system and removes Auckland and Northland from the regime entirely.
The Law Association claims it is unfair the Law Society will get about two-thirds of the defunct Solicitors’ Fidelity Guarantee Fund.
It has added two partners, including a lateral hire, while losing one to the High Court bench in the past two months.
Jo Appleyard, Ben Williams, and Ingrid Taylor join the firm in Christchurch in a rare team lateral hire.
Managing partner Ash Hill and COO Matthew Jones on hiring, the partnership model, and 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.
Managing partner Andrew Harkness on talent, pro bono, and worrying about what he can control.
Attempts to sell the failed home appliances and furniture retailer were unsuccessful.
Owner Colin Neal says the more than a century-old brand looks set to disappear from the New Zealand retail landscape.
The company’s receivers confirmed a break-in occurred and the police are investigating.
St Heliers’ top development sites hit the market, while historic Wellington station is wrapped up as a property and hospitality offering for foreign golden visa holders.
Offshore buyers are ‘pretty savvy’ and opening the doors won't ramp up prices, Sotheby’s International says.
Room rates at the Noctis, themed as a ‘day to night’ resort, are likely to be astronomical.
Its job will be to review the industry's action plan at least every three years.
Carry On: Uzbekistan’s Dreamliners, Icelandic failure, Latam’s Embraer binge.
Barrier Air is cutting back routes and has put up its prices, but says it’s still losing money.
Shares rise for the big four gentailers but business groups see a missed opportunity.
The core problem in the market was caused by the Government, said Frontier Economics, and was best solved by focusing state investment on securing and selling thermal energy.
In response to the Frontier report on the electricity market, the Government says it is committed to equity investment in Meridian, Mercury and Genesis, if required, to build more generation.
This year, the McPhail family celebrates the 50th anniversary of its successful LeaderBrand vegetable-growing empire with a new generation firmly in control.
The commissioning of the family’s new Greenlea Waitoa Natural Proteins plant in 2025 will be welcomed after a two-year development on a four-hectare greenfields site in the Waikato.
Towards the end of 2024, the Cushing family finally succeeded in privatising the Rural Equities farming conglomerate.
The former Goldman Sachs NZ deal maker will join the board in November.
The radio arm will now be a standalone operation.
Rupert Murdoch’s eldest son will take control of his media empire in a settlement of the family’s feud.
Attorney-General Judith Collins today announced several High Court and Environment Court appointments.
Kirsty Muddle will join the ad agency early next year, from rival agency Dentsu.
Dr Philip Stevens takes up the role in November and will report directly to CEO Samantha Barrass.