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Business headlines with summaries.
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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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Heartland half-year profit falls as lending slows
27 Feb 2024The financial services company's half-year profit has fallen 23 percent as it faced one-off costs, slower lending and issues relating to longer-dated car loans.
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AI could make the four-day work week inevitable
27 Feb 2024As artificial intelligence gains traction in office operations, some companies are giving employees a day to step back.
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Vector and Chorus report drop in profit for six months ended December
27 Feb 2024The lines companies Vector and Chorus have reported a drop in first half net profit despite modest increases in top line revenue, with each looking to the Commerce Commission for a decision on…
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Goodman Property Trust looks at building large data centres in Auckland
27 Feb 2024Goodman Property Trust is looking to build large data centres in Auckland with the support of global investors, as part of an ambitious plan for growth.
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SFO to probe collapsed cryptocurrency firm Dasset
26 Feb 2024Liquidators have been unable to find Dasset chief executive and major shareholder Steve Macaskill.
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Suncorp profit up thanks to fewer natural disaster claims
26 Feb 2024The New Zealand division of insurance giant Suncorp has reported a slight lift in half-year profit.
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Auckland Airport brushes off airline claims over fees increase
24 Feb 2024Auckland Airport is brushing off claims from airlines over its hiking of fees, saying they are trying to protect their profits in this "perennial" issue. Audio
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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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