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Business headlines with summaries.
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Lyttelton gearing up to host SailGP again
21 Mar 2024Lyttelton residents are remaining buoyant as SailGP returns this weekend, despite reports last year's event was an economic let down for businesses. Audio
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Warehouse Group to focus on three brands after nearly $24m first-half loss
20 Mar 2024The Warehouse Group lost nearly $24 million in the six months ended January as consumers tightened their belts in a tough economic environment. Audio
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Northland business owners offered free mentoring after SH1 Brynderwyns closure
20 Mar 2024So far 55 owners taken up the opportunity.
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Godfreys to close for good with loss of hundreds of jobs
21 Mar 2024All 141 of its stores across Australia and New Zealand will close permanently by 31 May, administrators say.
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'Sad day for Rotorua': Iconic Lakeland Queen goes into liquidation
20 Mar 2024The vessel hosted tourist cruises on Lake Rotorua for more than three decades until pandemic border closures forced it into hibernation in 2021, with 15 staff made redundant.
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Callaghan Innovation needs millions for urgent building work - document
20 Mar 2024Callaghan Innovation is tens of millions of dollars short of money for urgent building work - some of which is needed to keep staff safe in outdated laboratories.
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Warehouse slams ComCom's dismissal of Weet-Bix complaint
20 Mar 2024The retailer laid the complaint over Sanitarium's decision to quit supplying it with the breakfast cereal.
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The Warehouse reports $23.7m first-half loss, selling TheMarket
20 Mar 2024The sale of Torpedo7 had a severe impact on the bottom line, says The Warehouse Group.
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Councils will have to publish building consent data - govt
Building Consent Authorities will be made to submit timeframes for building consent and code compliance certificate applications, starting from next month.
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New private credit fund launched to counter banks' 'scorecard' approach
20 Mar 2024The fund is aimed at businesses which are finding it "increasingly difficult" to access bank loans.
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Consumers more upbeat but still avoiding big ticket purchases
20 Mar 2024Consumer confidence has perked up to its highest level in more than two years, but overall remains pessimistic.
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Plans to regulate online gambling welcomed by SkyCIty
20 Mar 2024The government's plans to regulate and tax online gambling will help level the playing field, says SkyCity, which has been operating its online casino from Malta for the past five years.
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Consumer credit: 'Kiwis are finding it harder to pay their bills'
19 Mar 2024Demand for consumer credit is increasing, though arrears are continuing to increase.
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Westpac joins rivals in offering gambling block for debit, credit cards
19 Mar 2024The move is a response to customer demand to cope with gambling addictions, the bank says.
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Kathmandu owner posts near $10m loss
19 Mar 2024KMD Brands said sales were down for all its brands - Kathmandu, Oboz and Rip Curl.
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Economic outlook revised down, recovery expected in 2026
18 Mar 2024The economic outlook for the next 12 months has been revised down, though population growth is expected to support a recovery in 2026.
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Hotel investment predicted to lift as bookings pick up
18 Mar 2024Hotels have had a strong increase in bookings as international tourist numbers edge towards pre-Covid levels.
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Big Mac, big tech: Inside the McDonald's meltdown
16 Mar 2024It would only be a slight exaggeration to now call McDonald's a tech company that happens to sell burgers. So what happens when it goes wrong, as it did Friday night around New Zealand?
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RSE workers go to court after some pay packets reduced to zero
16 Mar 2024Money was unlawfully taken for travel, wet weather gear and storage, leaving them wageless, workers claim.
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Food market to take over Nelson site deemed unviable for affordable housing
19 Mar 2024Nelson City Council is leasing a central city site previously tagged for housing development to a market gardener.
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Some McDonald's outlets back online after tech outage in several countries
16 Mar 2024Some McDonald's stores were back online after a global technology outage on Friday disrupted operations for a few hours at many of the restaurant chain's outlets.
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Air NZ disputes 'misleading statistics' about airfare increases
15 Mar 2024NZ Airports Association said the airline hiked its average domestic network airfares by $51 to $200 per one-way airfare for the year ending September 2023. Audio
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Massive computer breakdown hits McDonald's restaurants throughout NZ
15 Mar 2024McDonald's throughout the Asia-Pacific region have reportedly been hit with outages.
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What's behind the worsening Auckland Airport queues
15 Mar 2024Aviation insiders say airport security staff are on the verge of burnout and accidents are bound to happen.
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