News
Younger investors are turning away from property
A survey by a major bank indicates owning your own home or having a property investment is no longer seen as providing the best returns. Audio
Campervan rentals drive Tourism Holdings' growth
Thl's campervan rental business helped drive up its first net profit by 17 percent with revenue growth of 4 percent.
More than 20 companies yet to report results as corporate reporting season nears end
The past week saw reports from some of the biggest companies including Auckland Airport, Spark, Fletcher Building, SkyCity and A2 Milk, which met or beat market expectations.
SkyCity doubles half-year profit to $12.1m, has high hopes for convention centre
The company is also looking to sell some assets, targeting proceeds of $200 million, which will be used to pay down debt.
Contact Energy made a first half net profit of $205 million
Contact Energy's half-year profit is up 44 percent, despite a 5 percent dip in revenue.
Hopes reporting season will show economic turnaround
There are high hopes that earnings will start to reflect the turnaround in the economy.
Early-stage angel investment in start-ups grows for first time in years
Angel Association chief executive Bridget Unsworth said while cheques were slightly smaller more companies were getting seeded.
Inland Revenue standing improves but frustrations persist
Inconsistencies, inflexibility and inexperienced staff continue to be an irritation for tax accountants, a new survey shows.
Decluttering leads to recycling opportunity for Bay of Islands shops
Post-Covid decluttering is a gift that keeps on giving for small community organisations and businesses.
Concerns raised about possible changes to Commerce Act
The proposed changes could disadvantage consumers, deter investors and increase the cost of doing business.
Concern business costs may spiral in wake of competition law reforms
Changes could add unnecessary cost to mergers and acquisitions, while undermining investor confidence, a prominent law firm says.
Telecommunications Bill raises questions about encryption
Free Speech Union says the proposed changes will open the back door to encrypted communications channels, but the tech industry says the horse has already bolted.
Government spends $1.35m on quantum and photonic research
Experts say quantum technology and photonics were on the verge of allowing us to diagnose cancer earlier or even predict earthquakes sooner.
Bitcoin costs more to mine than it's worth as prices fall
The high cost of energy to produce a single Bitcoin in New Zealand seems to make little financial sense as the cryptocurrency's price slips to about $147,000.
Fears looming chip shortages will hit supply of electronic devices
Rapid growth in AI is driving demand for high tech superconductors, and creating shortages of less powerful chips used in such things as smart phones.
PaySauce expands into Australia
Software-as-a-Service fintech PaySauce is expanding into Australia, backed by a $4 million capital raising.
Public companies can expect rise in shareholder activism - report
Companies are also looking ahead to major legal reforms, as the economy continues to recover.
NZX ends year ahead of where it began
A few out-performers have more than offset weakness in others.
Financial watchdog wants companies to act on reviews
It comes after insurance firm Tower self-reported a mistake in overcharging customers more than $11 million, but then failed to fix the problem in a timely manner.
'We've conquered many markets': Kiwi honey business finds global success
Egmont Honey is finding global success with its brand of manuka honey despite being late to the expanding market.
What Netflix's plan to buy Warner Bros could mean for Kiwis
Brokerage firm Forsyth Barr analyst Ben Crozier said the deal could have a negative affect on Sky's annual revenue, particularly from Neon subscriptions. Audio
Financial mentors report being overworked, underfunded
Nearly two thirds were seeing more indebted middle-income clients, a new survey found.
NZX seen as forward-thinking
ASX-listed Locate Technologies says it is moving to New Zealand's Exchange in pursuit of a faster pathway to growth.
Organisations overlooking cost of job insecurity at work
A business consultancy says restructures often led to a lack of innovation and lower performances.
First glimpse into Auckland's new convention centre
The convention centre had been nearly 17 years in the making.