News
Businesses stockpiling ahead of global supply disruptions
Businesses on both ends of the supply chain are stockpiling in anticipation of ongoing global supply chain disruptions.
Third of businesses revisit succession plans amid Covid-19 disruption
More than a third of business owners have reconsidered their succession strategy as a result of the pandemic.
Southland eyed for New Zealand's largest green hydrogen plant
New Zealand could become the world's first large-scale producer of green hydrogen if Contact Energy and Meridian Energy's plans pan out.
Genesis Energy to keep stake in Kupe gas field
The power company had been weighing up its 46 percent ownership in the field, as well as opportunities for further development.
Rates rises will present new challenges for investors - experts
Investors are set to face new challenges as strong inflation pressures look set to trigger interest rate rises.
Agritech industry grew over 2020, report shows
The agritech industry is growing steadily, with the top 22 agritech companies generating $1.4 billion in revenue, according to a report for last year.
Job advertisements hit record high
The number of employers looking for staff continues to rise with the number of job ads up nearly a quarter on pre-Covid highs.
Economic straits: North-South divide widens
The North Island has taken the top nine spots on the latest economic scorecard and the South lsland the bottom seven, with Northland in first place and Southland in last.
Cruise industry expects ships to return in 2022
Planning is under way for the return of big international cruise ships but they are unlikely to be back this year.
House prices: What's going on in the market?
The CoreLogic House Price Index (HPI) shows nationwide values rose 1.8 percent in June, which was a slight reduction on the 2.2 percent growth in May.
Sky's low share price prompted interest in takeover - CEO
Sky TV is looking to boost revenue and customer numbers with the development of revenue sharing with partners and the introduction of a new Sky box.
Business leader making space at table for women entrepreneurs
University of Auckland Business School has established a chair for women in entrepreneurship with the help of business leader Theresa Gattung.
NZ port supply chain strategy will show 'pinch points'
The Auditor-General is throwing support behind a comprehensive supply chain strategy that could help ports make smarter investments.
Bank profits hit record in March with $10b in new mortgages
Banks' profits have climbed to record highs following a year of Covid-19, but there could be challenges ahead, report says.
'Crazy' demand for industrial, commercial property in Nelson
Demand for commercial property is booming in Nelson, with a shortage of industrial land.
KiwiSaver: Younger people panic-switched funds during Covid-19 market fall
KiwiSaver fund managers are being urged to do more to prevent investors from panic-switching between funds and potentially locking in losses.
NZX Top 50 index retreats as tide turns on yield-driven stocks
The local sharemarket is likely to lag many other developed markets as the influence of former high flying stocks diminishes and the prospect of higher interest rates looms.
Parched cruise industry looks set to remain on hold
Cruise ships have been banned from New Zealand since the pandemic began, but the industry hopes moves in Australia will put pressure for action here too.
Exporters seek urgent solutions over constricted global supply chains
Hawke's Bay growers and seafood firms are concerned over produce getting to market as New Zealand's supply chain to the rest of the world remains critically constrained. Audio
Electricity Authority imposes new trading conduct rule
The rule is expected to prevent big electricity suppliers from taking advantage of their dominant position in what is a relatively small market.
Long-term solution needed for natural gas supply - lobby group
A deal struck between Genesis Energy and Methanex to support the security of the energy sector is seen as only a short-term fix.
'We were over-reliant on Accellion' - Reserve Bank addresses cyber vulnerability
The Reserve Bank says it is taking action to address issues raised by an independent investigation into a data breach over the summer holiday period.
One-third of small freight operators may disappear due to carbon targets - report
As small firms struggle to meet carbon targets, more consolidation is expected in the road freight industry.
Shipping companies: 'They're not honouring any of the contracts'
Mainfreight managing director Don Braid says something needs to be done about the behaviour of shipping companies: "They're not honouring any of the contracts that they might well have entered into…
Turners' profit up a whopping 36% despite pandemic disruptions
Turners Automotive Group has reported record earnings and puts it down to high levels of engagement as well as the diversified nature of the business.