Bay of Plenty business news
Market close: Contact-Manawa deal boosts NZ sharemarket
New Zealand shares ended strongly after better jobs data and on takeover news.
'Largest portfolio' – $600m+ deal for seven NZ hotels to be sold
Hotels in Auckland, Rotorua, Wellington, Christchurch and Queenstown are to be sold.
Power play: Contact Energy given clearance to acquire Manawa Energy
Contact issued a $1.86 billion scheme to take over Manawa in September 2024.
Ballance proposal to cut 62 jobs: Workers feel 'blindsided'
Ballance Agri-Nutrients worker says there a lot of anxiety over potential loss of jobs.
North Island tourism alliance formed to boost international visits
Fifteen North Island tourism groups have formed an alliance to attract key markets.
Opinion: How Trump's trade moves may upend Powell's achievements
Business uncertainty from US tariffs may lead to a recession.
Opinion: The investor's guide to surviving a sell-off
Investors are advised not to panic amidst the market volatility.
Leading refrigeration and aircon business reveals new Tauranga centralised hub
McAlpine Hussman NZ officially opens new centralised Tauranga hub.
SH35 on East Cape partially closed as Cyclone Tam continues to lash NZ
A potential low-system is set to form on the northeast coast of New Zealand.
Potential loss of 62 jobs at Ballance plant a 'concern for Tauranga’
Ballance Agri-Nutrients' proposal could mean 68 roles disestablished, with six new jobs.
Ballance proposal may cut 62 jobs at Mount Maunganui plant
The proposal would eliminate 68 roles and create six new ones.
Mānuka honey producer buzzing after bee-autiful season
A local honey producer says they have seen a strong 2024/2025 season.
On The Up: The business estate still in hot demand after 20 years
In the past year, $70m worth of building consents have been issued for the development.
The grid-scale solar farm installing 1600 panels per day
Plus the big investors behind the private project.
Opinion: Markets face uncertain year after volatile first quarter
OPINION: The S&P 500 fell 4.6% in March, its biggest drop since 2022.
Housing glut: Auckland’s biggest agency has record unsold stock
Some Auckland vendors had begun to expect higher prices, REINZ said of February data.
70 jobs lost as Body Shop NZ goes into liquidation, closes final stores
Body Shop NZ had 16 stores across New Zealand.
Olivado liquidation: Seeka boss explains why they bought the company
New boss hopes to keep jobs, liquidator says claims still coming in.
Why a Canadian gold mining company wants to invest $1b in Waihī
Is its investment dependent on fast-track approval?
Opinion: Why NZ’s economic signals are so confusing
GDP per capita rose for the first time since 2022, ending eight quarters of decline.
Long-running social services trust in liquidation owes IRD $200k
Te Tuinga Whānau once had assets and revenue worth millions of dollars.
$135m distributed last year by iwi to members
Distributions paid have increased by around 35% in the last five years: Phil Barry, TDB.
Torpedo7’s new owners reveal major shake-up for retailer
Some stores to be closed while others will be rebranded under new name.
Business news around NZ
'Like having our throats cut': Couple called into meeting, both told their jobs were gone
Now Didi van Heerden has been awarded $207,000 from the company and its director.
New World's $73m Pt Chevalier supermarket opening brought forward
Around 12,000 shoppers a week are expected at the new store.
Cecilia Robinson: 'Why didn't we learn this at school?'
OPINION: The Government is embedding financial education from Year 1 in the curriculum.
Mother of all dairy cows inducted into 'Hall of Fame'
“This award recognises April’s extraordinary contribution to our sector."
Meet the woman who peels 20kg of horseradish a day
Mandy Steel peels 20kg of horseradish by hand, four days a week.
Nadine Higgins: How to safely invest in off-the-plan properties
New builds allow a 20% deposit instead of 30%, easing entry for buyers.
Asset values up only $100m since 2022: New report on 10 biggest iwi
Most iwi had positive financial returns in 2024, an improvement on 2023: latest report
E-motorbike maker Ubco owes $36m, potential purchaser emerges
The firm went into receivership in January, having raised tens of millions from investors.
‘Strong sense of confidence’: Kiwifruit industry eyes record harvest
The kiwifruit industry picked up last year and things are looking good for 2025.
Opinion: Why investors should remain hopeful despite market dip
The S&P 500 has dropped 10% from its February highs, entering a correction.
‘A new frontier’: How supercritical geothermal could change NZ energy
About $12m to $15m has already been spent on investigative work.
Opinion: ‘Bull market’ in Europe as US hits speed bumps
Tariffs loom large as a threat to the wider European economy.