News
Z Energy buyout attracts Commerce Commission scrutiny
The Commerce Commission is considering whether Mobil Oil's plan to buy Z Energy's jet fuel assets would substantially lessen downstream competition in the market.
Auckland Airport spending $300m on new transport centre, baggage system
The long-awaited construction of Auckland Airport's combined domestic and international terminal is a step closer as two critical infrastructure projects get underway.
Volatile market: Retail investors urged to sit tight
Small retail investors should sit tight and get financial advice before responding to volatility in global markets, including New Zealand's.
Unemployment expected to drop lower when new labour market data revealed
First quarter labour market data to be released on Wednesday is expected to show unemployment fell to around 3 percent from a record 3.2 percent in the last three months of 2021.
Corporate bonds back in fashion on back on rising interest rates
Corporate bonds are coming back into fashion as rising interest rates and uncertain economic conditions push companies to find alternatives to bank finance.
Medical biotech researchers call for more govt funds
Medical researchers want government support for biotechnology, which offers life-saving treatments as well as significant economic gains for New Zealand.
Cell tower sales may pay off for consumers
The possible sale of cellular telecommunications towers by the two biggest network owners could lead to cheaper services for consumers over the longer term.
Call for review of genetically modified tech regulation in NZ
It is time for a full review of genetically modified organisms and technologies, according to a groundbreaking report by the Productivity Commission.
Consumers spending less on fuel, groceries and takeaways as prices rise
More than two-thirds of consumers are cutting back on spending as a means of coping with inflation, with many looking for a hefty wage increase or considering a better paying job and other ways to…
FinTech sector experiencing exponential growth - report
The first detailed look at New Zealand's FinTech sector indicates it is growing faster than its global counterparts, with the 19 biggest firms generating $1.8 billion revenue last year.
Building industry urges delay to energy efficiency code
The industry says members are suffering from stress amid escalating costs and disruptions to supply and labour, and the code should be delayed a year.
Fair pay bill tipped for plenty of scrutiny during parliamentary process
The Fair Pay Agreements Bill is expected to bring about the biggest change to workplace laws in 30 years.
Open finance report urges legislative haste
The government expects to introduce the long-awaited consumer data right legislation by the end of the year.
Toyota NZ studies sustainable options for old electric, hybrid car batteries
The country's biggest selling vehicle maker is making some big changes to how it manages the end of life for hybrid and electrical vehicles.
Orion develops health data exchange for Saudi Arabia
Health software developer Orion Health is back on track after an unhappy time as stock exchange listed company.
Fair Pay Agreements 'fundamentally flawed' - BusinessNZ
BusinessNZ has run out patience with the government's plans to implement national compulsory fair pay agreements and will fight to block the scheme.
Warehouse Group keen to compete with supermarket chains
The Warehouse Group says it would be "very happy" to fully compete with the big two grocery chains that dominate the New Zealand market, providing measures are put in place to ensure a level playing…
Return of international tourism may help save businesses - insolvency expert
Insolvency specialist Wayne Hofer says the market's "eerily quiet", but expects it could be the calm before the storm with economic conditions ideal for a large increase in business insolvencies.
International airlines slow flight bookings to NZ due to high fuel price, low load
Forward bookings by international air travellers have gone soft after the initial spike, following last month's easing of border restrictions.
Gender inequality: Call for pay gap reporting for all employers
A range of reports on International Women's Day shows women continue to be disadvantaged and suffer from workplace imbalance and the gender pay gap.
NZ investment managers say Russian assets not tied to Ukraine conflict
Two of the country's biggest investment managers - both state-owned - have at least $75 million invested in Russian companies.
Infratil revises underlying profit guidance
The infrastructure investor says its portfolio is relatively well positioned to withstand the pressures of a high inflation environment and the ongoing pandemic.
Publicly listed companies expected to deliver mixed earnings results
Publicly listed companies are expected to deliver a mixed bag of earnings results depending on their exposure to Covid-related disruptions and cautious outlooks for the rest of the year.
Some homeowners have been caught out by recent tax measures - expert
Chartered Accountants ANZ financial services leader says there has been no education about how tax changes affect homeowners who are not investors.
Top bosses face liability insurance hikes
Directors and officers of big and small businesses and organisations are facing hefty increases for liability insurance.