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Air NZ profit falls as passenger numbers slip, planes grounded
The number of passengers was down 3 percent to just over eight million.
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More banks will lower fixed rate mortgage rates, economists say
29 minutes agoAn economist says he expects to see banks offering more fixed rate mortgage cuts over the couple of weeks following the Reserve Bank's 50 basis point cut to the… Audio
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Major banks cut interest rates after OCR drops
19 Feb 2025One property economist is warning that the extent of future retail rate cuts could be limited, despite this.
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How a war on 'woke banking' could backfire on NZ
38 minutes agoAnalysis: NZ First's "woke banking" bill - takes aim at efforts to build sustainability concepts into investment practices, Martien Lubberink writes.
Business headlines with summaries.
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NZME plans new video channel amid news cuts
6:00 am todayThe NZ Herald's streaming video service will be part of a restructuring that included the loss of 30 journalists' jobs, but it's not clear whether it will pay off, Mediawatch reports.
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No, 'Harbor Lane' is not closing: Online store cashes in on Wellington's gloom
8:13 am today"If a deal looks too good to be true, it probably is," Retail NZ chief executive Carolyn Young told RNZ.
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Microsoft signs deal with Spark to accelerate its AI services
6:31 am todayMicrosoft NZ has signed its biggest ever deal yet to enable Spark to accelerate its AI services, with flow-on benefits to the wider business community.
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High-profile journalists to go as NZME announces 30 job cuts
19 Feb 2025The New Zealand Herald owner is slashing roles across its newsrooms.
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Reserve Bank slashes cash rate again
The 50 basis-point cut sends the OCR to a two-year-low of 3.75%
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Young, 'buzzy' businessman brews new coffee shop
19 Feb 2025Josh Guttenbeil-Smith, 18, is making his dreams a reality with the opening of his coffee bar Buzzy Beans.
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The companies quietly quitting climate schemes
19 Feb 2025Air NZ made headlines by announcing it wouldn't meet its target, but it's not alone.
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'Super widespread' misunderstanding catches out landlords
19 Feb 2025Owners renting out part of their homes thinking they are not covered by tenancy rules are falling foul of the law.
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Fonterra still on fence about trade sale, IPO options
19 Feb 2025The company said it was still looking at a trade sale of all or part of the consumer division, or an initial public offering of shares.
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Meridian Energy makes takeover offer for NZ Windfarms
19 Feb 2025Big four power company Meridian Energy has made a takeover offer for the small NZ Windfarms (NZWF), as large generators look to bolster their assets.
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House sellers warned to be realistic despite falling interest rates
19 Feb 2025Fewer than 4000 homes sold across the country in January, but the Real Estate Institute says it was just a normal holiday slowdown and things are likely to pick up this month.
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Fletcher Building reports even bigger first-half net loss
19 Feb 2025New Zealand's largest building company's revenue for the six months ended December was down 7 percent with an underlying profit slightly ahead of market consensus.
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Sir Ian Taylor asks: Do you really need your pension?
19 Feb 2025Call to donate 1 percent of NZ's $20b pension superannuation bill.
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Economic ‘green shoots’ and lower interest rates disguise worrying trends in NZ’s job market
19 Feb 2025Unemployment reached 5.1 percent in the final quarter of 2024, the highest level since 2020.
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EBOS posts lower profit after losing Chemist Warehouse contract
19 Feb 2025Despite the loss of the contract, chief executive John Cullity was "pleased" with the result, saying it was on track to meet its full-year underlying earnings guidance of $575-$600m.
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Simon Bridges calls for 'one stop shop' for energy regulation
19 Feb 2025The energy crisis has prompted a coalition of energy leaders to develop a series of policy actions to address the sector crisis. Audio
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Two banks cut interest rates
18 Feb 2025BNZ and TSB both made changes to interest rates on Tuesday.
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'No clear justification': Higher fuel margins could limit petrol price relief
18 Feb 2025Bigger margins could dent the impact of falling oil prices on Kiwi motorists.
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Thousands of farmers to earn cash for their climate efforts
18 Feb 2025Fonterra dairy farmers will be able to earn cash for their climate efforts starting on 1 June.
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Heartland Bank takes $50 million bad loans loss
18 Feb 2025The company said it would write off long dated arrears in car, business and equipment loans.
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Where's the best place to Airbnb your bach?
18 Feb 2025Property investors chasing higher yields, less risk in short-term market.
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Chicken nuggets that might contain rubber recalled
18 Feb 2025People who bought a certain brand of chicken nuggets are being warned not to eat them.
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Popular burger joint apologises after receipt includes racial slur
18 Feb 2025"Fergburger acknowledges and deeply regrets a recent incident," the famous restaurant said.
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Heat goes on KiwiSaver investments in fossil fuels
18 Feb 2025These are the funds with the most invested in 'worst' companies.
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