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Business headlines with summaries.
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Woolworths apologises for pests, store still closed
16 Feb 2024No rats have been caught at Woolworths' Dunedin South store in the past 24 hours, and plans are in place to reopen the store early next week.
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Construction costs: Building consent reform will bring 'clarity and consistency' - Chris Penk
15 Feb 2024The government says its plans to reform the building consent system will make it more affordable to build a home.
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The region where average salaries are higher than Auckland
16 Feb 2024Jobs in the east coast now pay about $300 more per year on average than in the City of Sails - but there is a catch.
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'Be very careful': Businesses warned of raft of changes by NZ courts
15 Feb 2024Businesses will need to be increasingly mindful of a wave of changes that could land them in hot water with regulators, shareholders, customers, employees and the courts.
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First-home buyers are now 'rich people'
15 Feb 2024Housing is not something people on moderate incomes can afford, economist says, as new data shows affordability squeeze.
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Why does some cheese cost 50% more than others?
15 Feb 2024Tasty cheese is made from the same four basic ingredients, so why are some brands $6 more expensive?
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What went wrong for Fletcher Building?
15 Feb 2024Fletcher made a net loss of $120 million in the first half of its current financial year. So what happened, and can the company turn it around?
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NZ 'a decade behind Europe' in manufacturing, industry warned
15 Feb 2024New Zealand manufacturers are being warned they may find themselves falling by the wayside as the world moves on, if they fail to adopt more digital technologies.
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Housing affordability 'still significantly stretched' - CoreLogic
15 Feb 2024Housing affordability has improved marginally, but remains high by historical standards in the face of rising prices and high interest rates, according to the latest data.
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Some home owners let insurance policies lapse in face of high cost
More than two-thirds of respondents in a survey are concerned about the cost of house insurance.
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KiwiSaver value breaks $100 billion mark
14 Feb 2024It cracked the mark at the end of last year as slowing inflation and the prospect of lower interest rates lifted share investments.
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Call for entire Fletcher board to step down after big loss
14 Feb 2024The company's shares fell 16 percent in an hour after its half-year results were announced.
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Supermarket conduct not up to scratch after mouse found in deli - MPI
14 Feb 2024Woolworths says two sales were made from Eastgate Countdown's deli after a mouse was found scurrying in the counter and attempts have been made to contact the customers.
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Mortgage 'immediately unaffordable': Couple lose home
14 Feb 2024The loan was approved, but they almost immediately fell into arrears and spent two years struggling.
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Fletcher Building chief to step down after $120m loss
14 Feb 2024The company's CEO and board chair are stepping down after the disappointing first-half result.
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House buyers still cautious but more activity nationwide
14 Feb 2024House sales remain slow though more properties are coming on the market.
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ASB announces 11% drop in half-year profit
14 Feb 2024The bank has been hit by slower lending, reduced margins and higher costs.
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NZ dairy industry estimates $120m in losses from Canada breaching trade obligations
14 Feb 2024The industry hopes Canada will swiftly bring its system into compliance after New Zealand won its trade dispute on dairy access.
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Christchurch Airport stops saying it is 'climate positive'
13 Feb 2024It might have stopped using the phrase in its marketing, but it still maintains it is "factually accurate".
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PGG Wrightson's main shareholder wants more directors on board
13 Feb 2024PGG Wrightson's major shareholder is moving to replace three directors with four of their own - including a former board member who was banned by US authorities from involvement in public companies.
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Shareholders Association on the risks facing Fletcher Building
13 Feb 2024Fletcher Building's board should consider breaking up the company into more manageable parts, the association says.
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Interest rates predicted to drop amid slowing inflation, softening labour market - survey
13 Feb 2024Business leaders and forecasters expect inflation to continue to slow, amid a softening labour market, cooler wages, and anaemic growth, leading eventually to lower interest rates.
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Leaked memo shows all Woolworths on look-out for pests
15 Feb 2024The document leaked to RNZ stated a cleanliness and pest control review would be carried out next week.
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Record number of New Zealanders left in 2023
15 Feb 2024Migrant inflows also appear to have passed the peak with monthly gains generally trending down since August.
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