News
NZ stock market's prospects lift
New Zealand's capital markets are showing signs of revival, although the stock exchange looks set to lose more companies.
BNZ posts slight rise in full-year underlying profit
BNZ has delivered a steady full-year profit, despite a squeeze on interest rate margins and increased provisions for bad debt.
Heat being turned up in coporate bond market
As global economic risks continue to run high, there is increasing concern about the quality of debt in the corporate bond market.
NZ's mineral mining sector to face testing times
New Zealand's mineral manufacturing sector is expected to face some testing times, with softer prices, tighter margins and sluggish export markets.
Fund manager warns of downsides to passive investment
A fund manager is warning investors that a growing number of popular low-fee passive funds may not be worth it in the the long run.
Central Bank paper: 'We have responsibility to ensure cash available'
The Reserve Bank is asking about the future of cash and reveals the number of ATMs is declining, plus its bank vaults are ageing and "sub-optimal".
Capital market review recommends changes to Kiwisaver
The chairperson of a review of the broader financial markets says there's plenty of potential to grow the size of New Zealand's capital markets.
Fonterra fails to find a buyer for Beingmate
The dairy co-operative is cutting its stake in the Chinese infant formula manufacturer Beingmate after failing to find a buyer for the whole stake.
Westpac expects two further cuts to the OCR
Westpac expects the Reserve Bank will cut the official cash rate at least twice before the end of the year if the labour market gets any weaker.
Construction procurement process a serious industry concern - Master Builders Assn
More must be done to tackle critical skill shortages in project management and leadership, the head of the Registered Master Builders Association says.
Fonterra reduces reliance on coal ahead of plan
The dairy co-operative is accelerating plans to reduce its reliance on fossil fuels by 11 years.
Luxon on politics speculation: 'There's been no conversation about that whatsoever'
Outgoing Air New Zealand chief executive Christopher Luxon says he has not decided on whether he will run for Parliament in the next election. Video
Young families flee Auckland: 33,000 people in four years
A growing number of people are turning their back on Auckland for greener and cheaper pastures of the regions.
Banks fight back against RBNZ capital increase proposal
Reserve Bank proposals to make banks hold more capital to guard against a financial crisis will slow economic growth and lift interest rates, according to the banks.
Why the fitness industry is raking in big profits
A growing obsession with health and wellness is the muscle behind momentum in the $60 billion industry with everything from gyms to wearable devices generating big profits.
Serious challenge posed to shareholder primacy model
The idea of putting shareholders' interests first at the boardroom table is being seriously challenged.
Auckland Council looking for developer to build city precinct
Auckland Council is looking for a partner to develop a city centre precinct around a key City Rail Link hub, set to open in five years.
Fletcher Building returns to profit, puts losses behind it
The construction company has returned to profit as it starts to put the losses from major projects behind it.
NZME net profit drops 44 percent, paywall coming
NZME's net profit is down 44 percent, reflecting difficult trading conditions and costs to develop growth businesses.
Australia woes contribute to Fletcher Building's lower profit forecast
Fletcher Building has dropped its first-half profit outlook, due to challenges in the Australian business and the timing of house sales in the residential division.
Economic outlook bright despite gloomy sentiment
The New Zealand economy remains vibrant despite a plunge in business confidence, a survey finds.
SkyCity's revenue rises with moderate profit growth expected
The casino operator SkyCity has had a strong start to the financial year and expects to see moderate growth in its full year underlying profit.
Growth in house values remains subdued
There's little heat in the housing market with average house prices rising only slightly across the country.
SME confidence collapses as revenue falls sharply
The confidence of small businesses has fallen to low level amid growing economic uncertaintly, rising fuel prices and falling revenue.
Tech sector hoping NZ investors will seize opportunities
The technology industry wants more New Zealand investors to recognise the growth opportunities offered by the sector and invest rather than let international investors find the bargains.