News
Economy will improve sooner rather than later - expert
There are good times on the way, though the path may be far from smooth.
Marsden Point: New plan to revitalise former refinery
It's hoped the transformation will boost energy resilience and support decarbonisation.
Foodstuffs considers merger appeal
The group's North and South Island arms operate more than 500 Four Square, New World and PAK'nSAVE supermarkets and have applied to merge the two regions.
How Mount Maunganui businesses aim to reduce environmental footprint
It comes after growing concerns from the community over pollution in the area.
NZ lacking in housing, rail and flood defences - survey
A global survey indicates two thirds of the population believe New Zealand is not doing enough to meet infrastructure needs.
Kiwi-made tech can detect diseases instantly
A New Zealand biotechnology company has developed portable equipment to instantly diagnose animal and human diseases without the need of a lab.
Briscoe Group investing $120m in developing warehouse and distribution centre
Managing director Rod Duke says the centre will allow in-store staff to provide a higher level of customer service.
NZ councils' debt levels weigh on creditworthiness of Asia-Pacific region
New Zealand councils in general are highly indebted, and the credit quality is deteriorating, S&P Global Ratings director Anthony Walker says.
Spark plans to cut $50m from labour costs
Telecommunications firm Spark is offering litte detail about another round of job cuts.
Synlait shareholders to decide on $218 million cash injection
"We're pretty much at the end of the road," Synlait's chair says.
NZ AI-based management tool to be backed by the US global startup network
The software tracks time across different stages of production without manual input from users, automating the tracking administrative tasks.
Contact to take over Manawa Energy in near $2.3b merger
Manawa is a renewable power generator left over after former Trustpower sold off its retail business.
Turners to buy digital vehicle repair platform My Auto Shop
The car dealer says the investment fit with plans to consolidate and scale across the auto business sector.
New Zealand's standard of living going backwards amid rising debt
Global ratings agency S&P says the country continues to live beyond its means.
'They're just not spending money' - consumer credit demand continues to tumble
Demand for consumer credit continues to fall, with business liquidations on the rise.
NZX flatlines as reporting season fails to impress
The corporate reporting season has produced some mixed results, with a difficult outlook for most companies exposed to the domestic economy.
Retirement village development still not enough to meet demand
A report on the state of retirement villages highlights regional inequities and a critical shortage in the number of aged care units.
Manufacturing figures 'a little bit less dreadful' but sector still in contraction
The manufacturing sector remains deep in contraction, with last month's reading only slightly better than June's dreadful result.
Construction industry losing confidence over lack of govt work
The 2024 Construction Industry Survey - commissioned by Civil Contractors - found just one in five contractors have confidence in the outlook, which compared with a third last year.
Economists largely backing cut for official cash rate
Expectations are high that the Reserve Bank will cut the official cash rate when its monetary policy statement is released on Wednesday.
'Drain' leaves NZ's unemployment higher than Australia
The largest group of people leaving New Zealand were between the ages of 25 and 44 which was a concern for the labour market, nfometrics says.
Lively tech ecosystem aids start-up's capital raising to fund expansion plans
The downturn in the economy has not thwarted HealthNow's bid to raise $3.4 million.
Sustainability reporting a challenge for companies due to skills shortage
Industry professionals want more training to keep up with changing demands, a survey found.
Investment funds help NZ tech sector defy pessimistic business environment
The start-up technology sector appears to be thriving despite the downturn in the wider economy.
NZ's digital competitiveness: 'You have to give us some guidance'
There needs to be a government-led effort to raise New Zealand's digital competitiveness to include all businesses and socio-economic groups, an industry report says.