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Business headlines with summaries.
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Summerset posts strong lift in profit
26 Feb 2024The retirement village operator said it also achieved a record year of construction and met its build target.
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Auckland Airport fee hikes could ground company, airline says
If Air Chathams can no longer operate, regional areas will lose a service - and the economic benefits that came with it, its chief operations officer says. Audio
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Property for Industry posts $97.8 million full year loss to December 2023
26 Feb 2024A sharp slide in property values has markedly increased the annual loss of specialist developer Property for Industry.
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Up to 50 roles may go at PwC New Zealand as demand falls
23 Feb 2024Up to 50 roles could go at major consulting firm PwC New Zealand, as demand falls in its government advisory business.
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Cyclone-damaged wool scourer 'very close' to full opening after $50m rebuild
26 Feb 2024WoolWorks New Zealand is shaking off a challenging and costly year, as it turns a corner in its Cyclone Gabrielle recovery.
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Woolworths looks to reopen Dunedin store as rats go quiet
27 Feb 2024No rat sightings or captures have occurred for the last two nights at its infested Dunedin store, Woolworths says.
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Goodman plans to end external management agreement with Goodman Group
26 Feb 2024Property investor and development firm Goodman will internalise its management as a first step to the establishment of a large property fund.
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NZX share trading lowest in almost a decade
23 Feb 2024Stock market operator NZX reported a slight drop in profit as it wrote down the costs of assets, saw higher funding costs, and as share trading was the lowest in nine years.
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Interest rate pain: How did we get here, when does it end?
23 Feb 2024Mortgage broker Glen McLeod had two requests to apply for lenders' hardship provisions in one day on Thursday.
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Job ads rise for first time in six months
23 Feb 2024The SEEK NZ Employment Report for January indicated the labour market was "extremely tight".
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Rocket Lab completes its first successful landing of spacecraft back on Earth
23 Feb 2024The satellite landed in the Utah desert on Thursday after a mission testing the benefits of making pharmaceuticals in orbit.
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Port of Tauranga announces 25% drop in first-half profit
23 Feb 2024Cargo volumes dropped markedly and fewer ships visited the country's biggest port.
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Metlifecare reports first half loss
23 Feb 2024Large retirement village operator Metlifecare has reported a first half loss as it invested for growth, while gains on the value of its portfolio fell 78 percent.
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Will Air New Zealand's gamble on higher domestic fares pay off?
23 Feb 2024Some passengers RNZ spoke to said increasing costs might just price them out of the market.
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Cyclones, challenges in global dairy prices see Pāmu profts plummet
20 Feb 2024For the six months to December the company made a net operating profit of $3 million - that compares to $15m in the comparable half-year.
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Cherry growers thrilled with 'biggest yield in years'
A stellar summer has made for a great export season of New Zealand-grown stone fruits, including cherries.
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Fare hikes hit Air New Zealand domestic routes
22 Feb 2024Air New Zealand has increased fares on some domestic routes, and more hikes are planned for others. Audio
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Move Logistics posts deeper half-year loss
23 Feb 2024The result comes amid difficult economic conditions and weaker customer demand.
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The Warehouse Group sells sports brand for $1
22 Feb 2024The Warehouse Group has sold its struggling outdoor brand Torpedo7 for $1.
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SkyCity ordered to pay A$13m in unpaid casino duty
22 Feb 2024The South Australian Court of Appeal has ruled that SkyCity must pay A$13 million in unpaid casino duty.
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Genesis Energy half-year profit falls 73 percent
22 Feb 2024The result comes on the back of the higher cost of generation, an outage at its major Huntly station, and lower gas production.
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Air New Zealand announces 39% drop in half-year profit
22 Feb 2024The airline is also expecting the second half of the financial year to be increasingly difficult. Audio
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Scales Corporation reports 35 percent drop in profit
22 Feb 2024The apple, pet food and logistics group has reported a drop in profit of 35 percent for the full year ended December 2023.
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Rents could increase throughout this year - Trade Me
Trade Me's latest Rental Price Index shows the national median weekly rent surged to $630 last month - a 0.8 percent increase on December.
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