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Business headlines with summaries.
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Channel Infrastructure doubles full-year profit
29 Feb 2024The former Marsden Point Refinery said jet fuel volumes were approaching pre-Covid levels as aviation demand continued to recover in 2023.
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Explainer: What's going on with interest rates?
28 Feb 2024Economist Bernard Hickey gives us an insight into what the Reserve Bank is thinking after the latest OCR announcement. Audio
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Six manfacturing sectors record best profits since 2021
29 Feb 2024The country's small-to-medium sized manufacturing firms have seen a solid bounce back in profits.
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'We were clearly wrong' - ANZ economist on OCR
28 Feb 2024Households and business will be paying high interest rates for longer, as a result of an unchanged OCR, Sharon Zollner says. Audio
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'It's worthwhile having a crack': Journalist Michael Morrah on plan to save Newshub
29 Feb 2024A group of senior Newshub journalists will meet next week to discuss a proposal to save the news outlet.
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Why does Woolworth's look like it's struggling?
29 Feb 2024Explainer - At first glance, it doesn't make sense that New Zealand's second-biggest supermarket chain had a drop in earnings. RNZ clears up the confusion.
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Glitch takes down fuel pumps around country
29 Feb 2024A leap year error is being blamed for a nationwide outage that's stopping payments going through.
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Air NZ sorry for charging tourists $13,000 to change flight
28 Feb 2024The airline admits it erred when it tried to charge two Americans thousands of dollars to change their flights after one of them received a grave medical diagnosis. Audio
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Government intervention for Newshub 'highly unlikely'
28 Feb 2024If a media global company can't make a success of Newshub, it's unlikely a government handout would help, the prime minister says.
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Reserve Bank holds Official Cash Rate at 5.5 percent
28 Feb 2024The Bank has warned inflation pressures are stubborn and rate cuts may be a while away.
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Commission's axing called 'cruel' and 'thoughtless'
28 Feb 2024"To hear via a public announcement ... This did not reflect well on those who decided," Productivity Commission chair Ganesh Nana says.
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New Zealand tech startup Tracksuit secures $22m investment from Silicon Valley
28 Feb 2024A New Zealand tech startup has secured a multi-million dollar funding boost from Silicon Valley.
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Commerce Commission approves Transpower's national grid plans
28 Feb 2024The Commerce Commission has approved Transpower's near $400-million proposal to strengthen the national electricity grid.
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Seeka reports $14.5m loss, less kiwfruit sold
28 Feb 2024The full-year loss compares to a net profit after tax of $6.5m in the 2022 financial year.
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Dunedin South Countdown reopens after weeks-long rat infestation
28 Feb 2024The supermarket has been closed for almost three weeks to eliminate the pests after the issue was first discovered late last year.
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Ministerial intervention needed to solve sand shortage
28 Feb 2024Urgent action is needed to address the looming shortage of sand needed for building and infrastructure, the quarry industry says.
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Meridian Energy reports lower half-year profit, increased operating earnings
28 Feb 2024Meridian Energy's has reported a lower profit, largely due to changes in the value of financial hedging instruments.
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'Every dollar counts': Homeowners nervous as interest decision looms
28 Feb 2024Mortgage holders continue to watch interest rates with trepidation, as cost of living pressures further squeeze them.
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Spark reports large revenue and profit drop
28 Feb 2024Telecommunications company Spark has reported a large drop in revenue and profit reflecting weaker demand in some parts of the business alongside high inflation and cost of living pressures.
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Faulty family advice contributing to financial fears - survey
28 Feb 2024Relying on family for advice is contributing to high financial fear, with more than a quarter of New Zealanders concerned their financial position is out of their control, according to a new survey.
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Property developer offering up to $20,000 to buyers in bid to sell apartments
27 Feb 2024The property market is in an "arm wrestle", a developer says, with three quarters of Kiwis locked out by high interest rates. Audio
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John Key retires as ANZ New Zealand chair
27 Feb 2024The bank said Sir John would also retire as a director of its Australian parent, ANZ Group.
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Will interest rates go up this week?
27 Feb 2024What economists think will happen when the Reserve Bank reviews the OCR.
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PGG Wrightson half-year profit falls, dividend axed
27 Feb 2024A slowing economy and commodity prices dented the rural services company's half-year profit.
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