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Business news
Market close: NZ stocks recover to make small gain
Investors are waiting for next week's pivotal interest rate decision.
Zespri improves most fruit returns outlook but net profit forecast down
Zespri must sell 190 million trays of kiwifruit from record crop.
Case against real estate boss follows ruling against ex-Harcourts agent
'This case didn’t get elevated to the top. I accept it should have.' - Cooper
Jail after family-owned hedge fund blamed for causing $17b in losses
Disaster after family-owned fund took huge bets with money borrowed from banks.
Nvidia revenue nearly doubles as AI chip demand remains strong
Financial Times: Analysts watch how new chips affect short-term growth.
My Food Bag profitability up, customers down marginally
Chair Tony Carter highlighted the company’s success in reducing net debt.
Latest from The Financial Times
Nvidia revenue nearly doubles as AI chip demand remains strong
Financial Times: Analysts watch how new chips affect short-term growth.
US set to seek Google divestitures in search monopoly case
Financial Times: Concerns over training AI models, Google's power over online search.
Lex: Walmart’s cheap goods justify its expensive stock
Financial Times: There are merchants, and then there is Walmart.
Sustainable business & finance
Simon Watts: Every country has its role to play in climate change battle
COP29 is an opportunity to help steer us toward a more sustainable, low-emissions future.
Sustainable Business and Finance: Time for a frank conversation
Pressure likely to emerge for NZ to up its climate finance contributions.
How climate change is reshaping property insurance
‘Insurance retreat’ could leave thousands of homeowners unprotected.
Markets with Madison
How to save our shrinking stock market
Head of a $51b wealth firm says changes are needed.
Inside Wellington’s nuclear fusion reactor experiment
This start-up is in an effort to achieve abundant energy.
First look: Inside SkyCity’s International Convention Centre
SkyCity's chairman and CEO take us inside the Convention Centre project.
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Best of Premium Business
Du Val downfall: From champagne, private jets to receivership and $250m debt
Now Du Val investors and creditors want their money.
The Lion roars: How a cluster of breweries came to be owned by a Japanese conglomerate
Doug Myers was instrumental in transforming Lion Breweries into an international company.
Cream of the crop: NZ's 10 largest dairy farmers revealed
After a tumultuous decade, some new names have emerged as NZ's biggest dairy farmers.
Business Opinion
Richard Prebble: Technology a faster way to solve climate change
OPINION: Two New Zealand companies are already showing the way.
Ernie Newman: Why NZ's banks resist open banking - a call for change
OPINION: Calls for stricter deadlines to boost competition and benefit consumers.
Latest from BusinessDesk
Partner content
Make sure your valuables are covered
Easy ways to boost your home’s security when moving house.
Why we must not sugar coat diabetes
More than 324,000 Kiwis have diabetes and myths make life tougher.
Protect your home with a simple security tip
Easy ways to boost your home’s security when moving house.
Personal Finance
Kiwis could have up to $299m in unused foreign currency, survey shows
Are you sitting on hundreds of dollars post-travel?
Banks blame red tape for behind the ball on innovation
Reserve Bank says leaving banks to their own devices hasn't worked.
Property
Mansons TCLM to build $90m, six-level Remuera medical hub
Other large healthcare hubs near the site include Southern Cross and Auckland Eye.
Mortgage rates may not drop much despite OCR cut, experts warn
“We need that cash rate below 4% ASAP.”
Case against real estate boss follows ruling against ex-Harcourts agent
'This case didn’t get elevated to the top. I accept it should have.' - Cooper
Latest from Small Business
Revealed: The NZ town with the most business break-ins
The data show Rotorua has the highest proportion of burglaries in New Zealand.
Untapping the potential of Aotea’s native flora
Tama Toki talks to Tom Raynel about Aotea Made and how it's unleashing our native flora.
How companies roll the dice with competitions, big prizes and long odds
Jobs for Mums' game of chance; big prize money, long odds and a little social enterprise.
The Kiwi landscaping business sold to a Japanese billionaire investor
Scott Humphreys started the company with a wheelbarrow and a station wagon.
‘Open for business’: East coast sounds call for tourists this summer
Small businesses across the East Coast say they are ready for a return to the summer boom.
Beyond Soap founder on making sustainability affordable
Charlene Fitisemanu talks to Tom Raynel about her sustainable soap business Beyond.
Technology
'Burning cash' - insider on Mitre 10's 'horrific' software system upgrade
Auditors PwC: Cited disruptions to operations from that IT upgrade.
Watch: Aurora becomes first Kiwi-made aircraft to break the sound barrier
First civilian aircraft to go supersonic since the Concorde.
Bayly appointed lead anti-scam minister, reveals big meet-up
The minister reveals a three-pronged push and is eyeing Aussie mega-fines.
More Business news
US set to seek Google divestitures in search monopoly case
Financial Times: Concerns over training AI models, Google's power over online search.
Europe's richest family to complete football club takeover 'in coming days'
Scion says the club 'will belong to my family' despite Red Bull also taking a stake.
Waikato Business Award winners 2024 show sector's resilience
'Teamwork, tenacity and trust turned to gold for our whānau.'
A Dunedin flat, porn stars and herpes: Kiwi ad agency on 10 years of shaking up the industry
Motion Sickness is making noise globally for their boundary-pushing campaigns.
Roger Partridge: Attorney-General and Chief Justice reveal contrasting visions of judicial power
OPINION: The judicial overreach of the courts creates real-world chaos.
Deloitte Fast 50: Halter takes out top prize for 2024
Devoli ranks top of the Master of Growth index.
Market close: NZ stocks end day lower
The local market was directionless as it snapped its positive start to the week.
Westpac predicts $10/kg milk price after another strong auction
'We could end up with an extra $4b added to incomes.'
Creditors put dairy farm operation into liquidation – ANZ among those owed nearly $600k
The company had been dairy farming since May 2004.
'Burning cash' - insider on Mitre 10's 'horrific' software system upgrade
Auditors PwC: Cited disruptions to operations from that IT upgrade.
Anger at big supermarkets inspires Australia’s ‘word of the year’
'Colesworth' outdoes Yimbys and ute taxes as supermarket 'duopoly' frustrates some people.
Inside Economics: All eyes on RBNZ's last big call for 2024
Liam Dann takes a deeper dive into the week's economic news
'A lot of angry people': Workers at NZ's largest paper mill told of plans to halt production
Many workers chose to walk out of a meeting at Kinleith Mill this morning.
'It’s been one of those years': Farmlands records more losses
The co-op has posted a $14.3 million net loss after tax for the year ended June 2024.
Woman-owned cafe in conservative Indonesia shakes stigma
Aspiring businesswomen here can face not only legal restrictions but also social bullying.
Extending the lifespan of calves will create a new market for new protein source
New Zealand’s low-carbon beef production is set to accelerate.
Lex: Walmart’s cheap goods justify its expensive stock
Financial Times: There are merchants, and then there is Walmart.
Dairy boost with positive GDT result
More good news following the 4.8% jump from the previous event two weeks ago.
Latest from OneRoof Commercial
Sponsored: Rub shoulders with Sir John Key at Gibbston Valley Resort
Queenstown's latest lifestyle opportunity is proving very popular.
Kiwi bank that starred in World's Fastest Indian fetches $650K at auction
Heritage building had key role in hit film starring Oscar-winner Sir Anthony Hopkins.
Adding value to your property - the easy way
Make your backyard beautiful, adding value with easy updates
More kiwi homeowners turning to solar
Solar energy now an economically viable option with up-take here and overseas increasing.
Ngāi Tahu brings iwi values to industrial development
Poised to deliver its third major industrial development to the market.