New Zealand’s best known wool carpet maker has a new controlling owner. David Ferrier’s Mangawhai Collective will end up holding 55 per cent of Bremworth after its partial takeover offer…
Paymark data shows New Zealand retail spending fell 1.3% in September and 1.8% in August as petrol, interest rates and bad weather hit households before Christmas.
New Zealand’s Dairy Goat Co-operative, the Hamilton company that invented goat milk infant formula, has brought in a US investor to fund a push back into China and a first…
Some of New Zealand’s biggest food exporters, banks and the Government have put another $117 million into AgriZeroNZ, the joint venture set up to find and fund tools that cut…
Foodstuffs has hit back at plans to split Pak’nSave from New World, releasing a review by Sydney-based economics consultancy HoustonKemp that says the modelling behind the break-up would only work…
New Zealand’s video game developers earned more than $1 billion in a year for the first time, but they did it with fewer people on the payroll. The New Zealand…
Electric car registrations in New Zealand roughly tripled in the three months to the end of September, as petrol at well over $3 a litre pushed households and businesses toward…
Heartland Group Holdings shareholders have voted overwhelmingly to buy TSB Bank for $620 million, clearing the last vote standing between the Taranaki bank and a merger that would create New…
The liquidators of SolarZero, the government-backed rooftop solar company that collapsed in November 2024, have gone to the High Court against four of its former directors, alleging decisions made before…
The Warehouse Group is back in profit, but not because of its famous red sheds. The retailer reported to the NZX on Tuesday evening a net profit after tax of…
Woolworths New Zealand will close its Auckland customer care centre and move the work to Sydney, ending about 130 jobs in New Zealand. The supermarket chain confirmed the decision on…
KiwiRail has posted a net loss of $1.41 billion for the year to 30 June 2026, more than three times the previous year’s $422 million deficit, after writing almost $1.2…
Clothing retailer Hallenstein Glasson has lifted its annual profit by almost half, with its Glassons chain in Australia doing much of the heavy lifting while many New Zealand retailers are…
Canterbury dairy company Synlait Milk has reported a net loss of $75.4 million for the year to 31 July 2026, but says a second-half return to profit shows its long…
New Zealand’s new Retirement Commissioner, David Boyle, is asking whether KiwiSaver hardship withdrawals have become too easy to get, after almost $1.8 billion left the scheme on hardship grounds between…
Bid-rigging on government contracts is costing New Zealand taxpayers about $360 million a year, the Commerce Commission estimated on Sunday, and its chair has a blunt warning for the firms…
A North Korean operative used fake identity documents to land remote IT contract work with a large New Zealand business, then threatened to leak commercially sensitive information when the company…
ANZ New Zealand has told its technology staff it wants to cut more than 100 permanent jobs, in a restructure that could move the bank’s software testing work to an…
Santana Minerals has put another $10 million on the table for Central Otago’s lizards as it tries to win fast-track approval for its Bendigo-Ophir gold mine, and the date for…
The Reserve Bank has ordered TSB Bank to commission an independent report into how it calculates and reports its capital and liquidity ratios, five days before Heartland Group shareholders vote…
Bathurst Resources’ bid to fast-track a 25-year extension of coal mining on the West Coast’s Stockton and Denniston plateaux has been sent back as incomplete, less than five weeks after…
Health insurance is now the biggest source of disputes at New Zealand’s insurance ombudsman, with cases up 91 percent as policy exclusions catch people out at claim time.
Fonterra’s profit has more than doubled on the back of its Mainland brands sale, and the dairy co-operative says it will spend another $1 billion over three years building protein…
Kathmandu owner KMD Brands posts a $414m loss on $462m of write-downs, lifts sales 6.5 per cent and confirms it is talking to parties about a possible deal.
Small businesses are no safer or riskier than big ones, according to a new report from the Business Leaders’ Health and Safety Forum, and that finding lands squarely on one…
Complaints about New Zealand power company apps have jumped 300 percent and Powershop drew 13 percent of the hardest cases, the Utilities Disputes Commissioner says.
ANZ, New Zealand’s biggest bank, now expects the Reserve Bank to lift the Official Cash Rate three more times, taking it to 3.5 percent by March next year. The call,…
TSB Bank charged thousands of business customers a fee its own terms and conditions did not allow for six years, and has now been publicly warned by the Financial Markets…
Fonterra has lifted its forecast milk price for the 2026/27 season by 25 cents, putting a little more money back on the table for New Zealand dairy farmers just two…
Cotality data shows about 3000 properties a year are pulled from sale and listed for rent within three months, as owners who cannot get the price they want become accidental…