LVMH-owned DFS says it will exit the Oceania market after a review of its global store network.
Sign up to get the latest stories and insights delivered to your inbox – free, every day.
The central bank is closely monitoring inflation, which is hovering near the top end of the 1-3% target band.
The company's loss deepened to $99m in the 2024 financial year, from a $50.7m loss the year earlier.
While the copper tariffs will impact the two global miners, Australia will be more directly affected by the prospect of 200% tariffs on pharmaceuticals.
And former UK prime minster Rishi Sunak has joined Goldman Sachs.
ACC buys up $6.7 million worth of Tourism Holdings shares, after previously selling down.
The market had expected a rate cut today, with another two cuts by the end of the year.
The two investors owed $172,000 in damages by the cricket scoring software company agreed to adjourn proceedings.
WATCH: NBR’s Local Edge regional panel heads south to assess the economic fundamentals of Southland.
When it comes to fundamental issues such as education, health, and social welfare, Plested doesn’t hold back: ‘Education is the enemy of poverty’.
Drivers and supporters protest outside the Supreme Court as rideshare company appeal begins.
High-end retail is reporting a bumpy performance, but insiders say the Asia-Pacific region remains a key focus area.
ANALYSIS: Mad Men, 2025: How AI is remaking and remonetising ads, and who is leading the race.
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.
ANALYSIS: The second in a series of articles addressing the key issues of NZ’s poor relative productivity.
ANALYSIS: Ensuring people get clear information early in their careers can significantly impact their wealth in retirement.
Acquisition ‘a natural progression’ of wholesale distribution deal.
Several senior executives have left the company since the new board was formed in March.
Recommendation comes despite the board saying the 45 cents a share offer undervalues the listed telco infrastructure business.
More economists expect the central bank to hold the official cash rate at 3.25% amid geopolitical and trade uncertainty.
The latest NZIER business survey reveals improved confidence about the months ahead with further interest rate relief.
Finance Minister targets value for money, asking the central bank to look for cost efficiencies.
New Zealanders who play by the rules should not be tied up in red tape, Nicole McKee says.
Sir Geoffrey Palmer says the bill, in its first day of oral hearings, is ‘quite bizarre, and it won’t work’.
Addressing the cost of living remains a key focus, says Christopher Luxon.
Despite cooling domestic activity, Stats NZ data shows Māori exports and iwi-owned primary industry businesses are resilient.
Tainui Group Holdings chair Hinerangi Raumati Tu’ua on why kaupapa Māori is now essential to New Zealand’s corporate future.
Public misconceptions about Māori business taxation are common but most Māori businesses pay the same taxes as any other, tax expert says.
Confidentiality agreements in place ahead of farmer update due this month.
Agritech company selling mastitis detection sensors is about to close a $1.2 million funding round.
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.
The company offers housing to baby boomers under a structure where people buy the house and not the land.
The airline says that a ‘significant’ proportion of the Manila call centre’s database is likely to have been stolen.
The stock slumped by 17% after the chief executive’s announcement.
The Kiwi cervical cancer screening device company made a mistake with allotting shares under its SPP.
Associate Professor Dr Joanne Choi has developed a white tooth-capping technology for young children.
Largest local IT services company making profits and undergoing transformation after 60 years in the game.
Wellington lawyer and businessman attempts to avoid bankruptcy with Inland Revenue in High Court proceedings.
Court findings on conspiracy to defraud Sir Owen Glenn's Kea Investments will stand.
Regulator forces further confessions from the lending group amid ongoing investigation.
The bank has also called for amendments to capital settings to bring ‘true proportionality’.
The NZX acquired the active funds manager from Craigs Investment Partners in a deal worth more than $30m.
The retirement village lender says it will no longer use investor capital to pay dividends.
LISTEN: New analysis of five major listed companies throws up ‘red flags’ about their governance.
LISTEN: The Xero co-founder says he’s saddened by what’s happening in New Zealand, but also outlines his nation building ideas.
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?
Business Hall of Fame inductee says directors are having to spend more time on climate-related disclosures than financial statements.
The formerly listed general aviation company has ended up in the hands of receivers after a shareholder breach of the group's banking facilities.
Yujiro Fujisawa claims he never received a letter notifying him about a court hearing.
The New York and Toronto-listed engineering consultancy has purchased Cosgroves for an undisclosed sum.
ISG, which includes fund managers Devon, Clarity, and Tahito and the JMI Wealth adviser network, has $7 billion in assets under management.
Founder Craig Piggott says he and his team have maintained a ‘healthy’ stake in the company post-Series D.
Company is also looking at certain ‘impairments’, the most notable of which is related to goodwill associated with its US business.
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.
Tourism operator absorbed impairments of $22m from its South Korean Tongyeong and Christchurch casino operations.
Hamilton-based firm signs deal with building materials multinational Heidelberg, converting byproduct into engineered sand.
More than two years on, NBR looks down the sinkhole of how Auckland is recovering from 2023’s mass flooding event.
Savings will be made by not building new infrastructure in Wellington and paring back upgrades, chair Chris Mackenzie says.
A spokesperson for property developer Dean Franklin said liquidation of the building firm did not affect his ongoing projects in the region.
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.
Connors’ flagship company, Propellor Property Investments, was placed into liquidation at the request of Inland Revenue over unpaid debts.
The Takapuna-based firm claims to have New Zealand’s leading Mandarin-speaking legal team.
Steve Gallaugher had been a banking and finance partner since 2016.
A refreshed global strategy dubbed ‘All in’ rolls out today at the Big Four firm.
What businesses want from local government on the East Coast.
ANALYSIS: Major investments, from a new stadium to ambitious private developments, are revitalising Christchurch and reshaping its economic future.
ANALYSIS: Stung by water and roading blow-outs, leaky building payouts, and ramped-up rates, the resort town is going through a tricky period.
Financial statements showed domestic operations plunged from a $321,000 profit to a $4.2m loss.
Cashmere retailer Elle + Riley is expanding into the US despite market wobbles.
A draft report on the Grocery Supply Code finds Foodstuffs and Woolworths receive subsidies from their suppliers of more than $5b a year.
International interest continues to swirl around Queenstown, while Millbrook offers up one of its finest.
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.
NBR takes a look at what’s hot and what’s not in this introductory edition of Luxury Property.
Carry On: Embraers in Western Australia, Airbus for China Airlines, route news.
The Air Force Museum needs $16m to house its Hercules and Orion aircraft.
Obituary: He knew the power of words to entertain, persuade, and build bridges.
Privately owned gas producer says more gas is available ‘if incumbents invest with the drill bit’.
The Christchurch Council-owned lines company says its dividend ‘aligns with the undertaking agreed in our Statement of Intent’.
The second report from liquidators of the failed solar energy company shows hundreds of millions in contingent claims from special purpose financing vehicles.
Peter Cooper is not just a developer but also a ‘collector’ – of art, of people, and of enduring relationships.
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.
The Fukutake family has a goal to create a network of 100 New Zealand businesses and projects through its Still family office.
The company is shedding its advertising arm, which is being consolidated into a related entity.
But NZME hinted at its annual meeting it is still keen on Stuff’s publishing assets.
The deal sees Trade Me acquire a stake in the company that owns the stuff.co.nz website.
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.
Adrian Lochland will remain based at Maxum’s Brisbane head office as he transitions into the role.
James Dykes will join Fisher Funds as director – private equity.