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Business headlines with summaries.
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Wellington, Dunedin, Tauranga councils at risk of credit downgrade
20 Feb 2024Deteriorating finances, rising debt, and policy uncertainty have led to the threat of a downgrade from S&P Global Ratings.
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Accusations fly in Air NZ and Auckland Airport spat
22 Feb 2024Air New Zealand says it wants greater say in Auckland Airport plans, but the airport accuses it of seeking control.
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Massey won't rule out further cuts amid $41m deficit
21 Feb 2024Massey University expects to record a smaller loss than forecast for 2023 - but is still likely to make further deficits before it achieves financial stability.
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Housing shortage hurting businesses, limiting economic growth - survey
21 Feb 2024Fiordland businesses are calling for urgent action to address a critical housing shortage they say is limiting the region's economy.
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House sales off to a sluggish start, but 'gradual upturn' in sight
20 Feb 2024Data from property research firm CoreLogic showed sales volume was only 2 percent higher than the same month last year.
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Steel & Tube's profit falls sharply on weak demand
20 Feb 2024The steel products company's profit has fallen by more than 50 percent as softer economic conditions led to reduced volumes and lower top line revenue.
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Mercury Energy first half profit slips
20 Feb 2024The company is to raise prices in April because of rising costs and said it expected prices to stay high in the short term.
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Tourism Holdings half-year profit up by 58%
20 Feb 2024The campervan company's result comes despite volatility in the vehicle sales market and challenging economic conditions.
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Warnings of much higher power bills from 2025
19 Feb 2024The warning comes ahead of what was expected to be large increases in regulated lines charges set by the Commerce Commission.
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Investigation into rat-plagued Dunedin supermarket could take months
19 Feb 2024A rat-plagued Dunedin supermarket will not reopen until Thursday at the earliest.
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Fonterra to merge New Zealand and Australian businesses
Fonterra says the merge to Fonterra Oceania will strengthen its trans-Tasman offering.
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Rocket Lab launches Japanese satellite aiming to collect data on space junk
19 Feb 2024The 150kg satellite will not be moving any debris itself, but will collect data for future clean-up missions.
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Will Japan's new digital nomad visa solve its economic woes?
18 Feb 2024The latest Asian country trying to capitalise on the rise of remote work may face stiff competition from its neighbours.
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Ryman, Air New Zealand downgrade full-year profit expectations
19 Feb 2024Both NZX-listed companies are reporting lower full-year earnings, blaming construction delays and weaker demand respectively.
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A2 Milk reports higher first half profit
19 Feb 2024The company's growth strategy is primarily focused on the China market which now represents 80 percent of branded sales.
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Contact Energy announces $153m half-year profit
19 Feb 2024The power company had a strong first-half and is making progress on renewable energy.
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‘Why should poorest lose jobs to get inflation down?’
The Reserve Bank's efforts to cool the economy are hitting the poorest hardest, says the Salvation Army.
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Freightways' half-year profit slips in wake of subdued customer activity
19 Feb 2024The company, which owns New Zealand Couriers, Post Haste and Big Chill Distribution, says the result reflects the general state of the New Zealand and Australian economies.
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Inflation expectations concerning - Orr
16 Feb 2024The Reserve Bank governor says there's a risk predictions of higher inflation will become self-fulfilling.
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PGG Wrightson boardroom struggle ramps up
The boardroom struggle in rural services company PGG Wrightson has ramped up.
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IAG's half-year profit up 50% on same period a year ago
16 Feb 2024The country's biggest insurer IAG's half-year profit has surged as its premium income and margins rose, while disaster costs fell.
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Big jump in NZ companies disclosing climate-related risks - report
5 Feb 2024About 40 percent of NZX companies are disclosing climate-related risks in their financial statements, which is just better than the global rate of three out of 10 companies.
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Zespri predicts bumper kiwifruit exports this season
The marketing company is expecting to ship around 193 million trays of kiwifruit - a significant lift on the 133 million shipped last season.
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Jobs growth a plus as manufacturing continues to struggle
16 Feb 2024The manufacturing sector improved last month, but remains in contraction for the 11th consecutive month.
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