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Business headlines with summaries.
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Chip maker Rakon reports $5.8m loss
28 May 2025It said the past year had been one of its most demanding on record.
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Fisher & Paykel Healthcare revenue cracks $2b mark
28 May 2025The result was drive by growth in sales of hospital equipment and masks for treating obstructive sleep apnoea.
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Truck operators angered at Port of Auckland fee hike
28 May 2025The port's chief executive says ratepayers have been subsidising importers and exporters for too long. Audio
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The Warehouse chief financial officer to lead company
28 May 2025Mark Stirton will take on the role of chief executive in August.
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What's going on with the price of bitcoin?
28 May 2025Fifteen years ago, 10,000 bitcoin bought two pizzas. Now that amount would be worth more than US$1 billion.
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Power prices rise faster than rate of inflation
28 May 2025Powerswitch is worried that the current model is thriving on customer "confusion and inertia".
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High quality agreements with new trade partners priority for agricultural sector - report
28 May 2025The report asked local industry leaders their views on where the sector needs to go.
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Blocked fire exits could see bar's licence suspended
27 May 2025The operators of a popular Dunedin bar say threat of on-licence suspension has been a profound wake up call.
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How low will the Reserve Bank go with OCR cut?
27 May 2025Stand-in Reserve Bank governor Christian Hawkesby faces his first public test this week, selling the central bank's latest monetary policy statement .
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Kiwibank and Airpoints part ways
27 May 2025The bank and Air New Zealand have decided to end their partnership.
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Bank drops home loan rates ahead of OCR decision
27 May 2025Its one- and two-year fixed home loan rates were lowered to to 4.95 percent.
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'Snuck in' change may cost first-home buyers thousands
27 May 2025Some borrowers could face a bigger bill from 1 July. Audio
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The business turning kiwifruit into a leather alternative
26 May 2025KiwiLeather Innovations aims to repurpose the 50,000 tonnes of kiwifruit rejected in New Zealand each year.
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How NZ inspired a leading vaccine maker in India
27 May 2025A pale gold serum from cattle blood in New Zealand is being used to manufacture vaccines for foot-and-mouth disease and human rabies in South Asia.
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Air NZ increasing flights between Hamilton, Christchurch
27 May 2025Air New Zealand CEO says the introduction of the jet services was about building connectivity.
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Metro Performance Glass posts $13.5 million full-year loss
27 May 2025Major glass manufacturer Metro Performance Glass slumped to another hefty loss, with revenue falling and debt increasing amid challenging trading conditions.
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Economy could earn extra $10b in five to seven years through better land use - report
27 May 2025A new report suggests the country needs to change its thinking about how it uses agricultural land to get better productivity and economic returns from farmers.
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New owners discover property has no legal vehicle access
26 May 2025Purchasers of an Auckland property that turned out to have no legal vehicle access have won an appeal.
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Petrol price wars see fuel drop to $2.12 a litre
26 May 2025A new no-frills service station in Auckland has seen prices fall, but do not expect the big savings to last for long, says a fuel price expert. Audio
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'People's select committee' formed to gather pay equity evidence
26 May 2025Former National MP Dame Marilyn Waring has gathered a group of female former MPs to look into the changes.
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Greens claim $700m 'uncosted hole' in Willis' Budget
26 May 2025The government could face an unbudgeted funding gap because of one of its own policies, the Green Party says. Audio
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Kiwi Property posts profit as rent income rose, downturn eased
26 May 2025One of the country's biggest landlords is back in the black - and predicting growth thanks the imminent opening of a major retailer.
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Former Timaru meatworks site sold for undisclosed amount
26 May 2025Six hundred meatworkers lost their jobs last year when the 139-year-old site was closed.
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Developers with properties in tough market turn to renters
26 May 2025Developers who do not want to try to find buyers for properties in a tough market - or who have had no luck - appear to be choosing to rent them out instead.
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