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NBR Focus

Why business should care about local body elections

This week, NBR is shining a light on local government, to help get you up to speed ahead of the October local body elections.

Brent Edwards Mon, 12 May 2025

NBR Focus

Why business should care about local body elections

This week, NBR is shining a light on local government, to help get you up to speed ahead of the October local body elections.

Brent Edwards Mon, 12 May 2025

Shareholder revolt on James Hardie deal shakes confidence in ASX

ANALYSIS: Investors are already frustrated by the delays on the new clearing system, and are now challenging the ASX on governance.

Shoeshine

Shareholder revolt on James Hardie deal shakes confidence in ASX

ANALYSIS: Investors are already frustrated by the delays on the new clearing system, and are now challenging the ASX on governance.

Lachlan Colquhoun Mon, 12 May 2025

NBR Focus

A turning point for Māori representation

Local councils face a test of democracy and partnership as new rules force decisions on dedicated Māori representation.

NBR Focus

A turning point for Māori representation

Local councils face a test of democracy and partnership as new rules force decisions on dedicated Māori representation.

Mike McRoberts Mon, 12 May 2025

Finance

Bank bosses pressure RBNZ to dial back capital requirements

Will a short, sharp review deliver economic results and lower costs for bank customers?

Finance

Bank bosses pressure RBNZ to dial back capital requirements

Will a short, sharp review deliver economic results and lower costs for bank customers?

Jonathan Mitchell Mon, 12 May 2025

MARKET MOVEMENTS

Podcast #55: Australian election

From a ‘cupboard’ to $60m: How one game studio bolstered another

Economy Matters

Trade uncertainty creates unsettling wave of volatility

Market Outlook

Optimism market has reached ‘max pessimism’ as earnings loom

Book Review

Pay equity, social media ban, emailgate, and school lunches

General Business

IRD property spotlight finds $150m undeclared tax

NBR Focus

A turning point for Māori representation

Your Business

From a ‘cupboard’ to $60m: How one game studio bolstered another

NBR Focus

Why business should care about local body elections

Shoeshine

Shareholder revolt on James Hardie deal shakes confidence in ASX

Finance

Bank bosses pressure RBNZ to dial back capital requirements

Market Outlook

Optimism market has reached ‘max pessimism’ as earnings loom

General Business

Tackling the scourge of organised crime

Edwards on Politics

What parties here can learn from the Australian election

General Business

US has ‘softer underbelly’ than China in trade war: Sir John Key

Guest Analysis

Australia’s destiny now in Labor hands

Investment

Air NZ’s new Dreamliner layout prioritises premium tourist market

PEP gets plump payout from private training provider

Up Education reports resilient results on domestic student growth.

Investment

NZME has one eye on Trade Me as it explores vehicle classifieds

The media company has signed a memorandum of understanding with ASX-listed Gumtree to investigate launching a new vehicles marketplace.

Tech & Innovation

Rocket Lab announces commercial customer for new Neutron rocket

Space company’s new medium-lift rocket will help US Airforce to experiment with a point-to-point cargo transportation system.

Private Bin

Zuru rash, the Du Val life, James Lee gig, Act Empires

Our weekly collection of news bites, hot takes, and gossip around the town.

Featured

Aviation News

Dreamliner hits billion milestone as cabin stakes heat up

Carry On: Ryanair mulls China’s C919, new Perth-Auckland route.

Students’ Say

Red Devils, red ink: The financial rot at Manchester United

A university student’s perspective on the decline in the club’s fortunes, attributed to ‘a regime of cold-blooded mismanagement’.

Students’ Say

Red Devils, red ink: The financial rot at Manchester United

A university student’s perspective on the decline in the club’s fortunes, attributed to ‘a regime of cold-blooded mismanagement’.

Investment

Bremworth’s sheep farmer chair defends shift to synthetic carpets

Rob Hewett say costs are ‘out of whack with income’.

Investment

Bremworth’s sheep farmer chair defends shift to synthetic carpets

Rob Hewett say costs are ‘out of whack with income’.

Tourism

Govt hits ‘snooze’ button on bed taxes

There’s little appetite for an additional tourism levy at central government level.

Tourism

Govt hits ‘snooze’ button on bed taxes

There’s little appetite for an additional tourism levy at central government level.

Analysis

Last Word

Church and state: NZ’s governance woes not going away

ANALYSIS: The small pool of New Zealand directors mean a higher risk of group-think and consensus.

Hamish McNicol and Calida Stuart-Menteath Fri, 09 May 2025

Hunter’s Corner

Fonterra’s awkward Australian issue

ANALYSIS: A legal technicality is looming larger in the dairy giant’s multi-billion dollar Mainland sale.

Tim Hunter Fri, 09 May 2025

Edwards on Politics

What parties here can learn from the Australian election

ANALYSIS: Incumbent governments can retain power in the midst of uncertainty.

Brent Edwards Thu, 08 May 2025

Underarm

Australia’s destiny now in Labor hands

ANALYSIS: The magnitude of Saturday’s election win gives Labor at least another two terms in government. The consequences could be far-reaching.

Lachlan Colquhoun Tue, 06 May 2025

Investment

NZME board battle ends as Grenon and Joyce nominations backed

As part of the compromise, two of James Grenon’s former director nominees would get positions with the company.

NBR Staff Fri, 09 May 2025

‘Steady as she goes’: ANZ first half net profit up

The country’s largest Aussie-owned bank says businesses are cautious but the dairy sector is a bright spot.

Jonathan Mitchell Thu, 08 May 2025

Warehouse Group reports ‘encouraging’ third quarter

However, the NZX-listed retailer remains cautious as it rounds out FY25.

Kate McVicar Thu, 08 May 2025

Economics

‘Can't recall’: RBNZ quizzed about Willis-Orr Feb meeting

Governor Christian Hawkesby and senior leaders front Finance and Expenditure Select Committee this morning.

Jonathan Mitchell Thu, 08 May 2025

Unemployment static at 5.1% in March quarter

The central bank and economists had broadly expected a slight rise in a difficult economy.

Jonathan Mitchell Wed, 07 May 2025

Risks to New Zealand’s financial stability increase

The Reserve Bank’s latest Financial Stability Report stress tests the economy.

Brent Edwards Wed, 07 May 2025

Politics

Luxon: Government boosts capital spend, keeps R&D tax credit

Businesses welcome the Government's priorities as PM confirms this year's Budget won't be a lolly scramble.

Simon Shepherd Thu, 08 May 2025

Government finances in better shape than forecast in December

Net core Crown debt was $2.1 billion lower than expected.

Brent Edwards Thu, 08 May 2025

Govt names new advisory council on science and innovation

Its role is to give advice to ensure NZ’s investments deliver real outcomes.

NBR Staff Tue, 06 May 2025

Te Ao Māori

Why Māori art is firmly in the frame

Rising valuations and global recognition signal a breakthrough for Māori art as the Aotearoa Art Fair opens today.

Mike McRoberts Thu, 01 May 2025

Indigenous storytelling a headline act

Māori and Pasifika films are captivating audiences and driving significant economic growth in New Zealand's film industry.

Mike McRoberts Thu, 17 Apr 2025

Urgent action urged on Treaty settlement failures

Ngāti Toa wants the Government to act on Treaty settlement failures as PM pledges stronger oversight.

Mike McRoberts Tue, 15 Apr 2025

Australia

Liberals look for new leader after Aussie election drubbing

Re-elected Prime Minister Anthony Albanese has hit the ground running as his opponents lick their wounds.

Lachlan Colquhoun Mon, 05 May 2025

Labor wins big in Australia

The polls had pointed to a Labor victory, but the magnitude of the victory exceeded predictions.

Lachlan Colquhoun Sun, 04 May 2025

Upset still possible, but Labor on track for victory in Australia

ANALYSIS: The polls say Albanese is on track to be returned as Australia’s PM, but some believe the Opposition could still find a path to victory.

Lachlan Colquhoun Fri, 02 May 2025

General Business

Bremworth does about-face on synthetic carpets

The listed company under new management has abandoned its push for wool only.

Fiona Rotherham Fri, 09 May 2025

NZ Rugby’s deficit widens despite record income

Rugby body cites ‘ineffective’ foreign exchange hedging for Ineos deal and investment in commercial initiatives as reasons for the loss.

Will Mace Thu, 08 May 2025

Tackling the scourge of organised crime

New Zealand is not doing enough to interrupt the flow of money, advisory group says.

Brent Edwards Thu, 08 May 2025

Tech & Innovation

‘Small and beautiful’ software startup shifts focus to Australia

Business intelligence SaaS platform Opal3 has been bootstrapped by Praxxis Group founder and leadership consultant, Bernie Frey.

Will Mace Wed, 23 Apr 2025

PikPok says video game rebate cap needs to be lifted

The rebate allows gaming studios to recoup 20 cents for every dollar they spend on developing a new title and is capped at $3m.

Nicholas Pointon Tue, 22 Apr 2025

Legal concerns raised over use of AI tools by execs and directors

Simpson Grierson lawyer says directors can’t delegate fiduciary responsibilities to artificial intelligence – yet.

Will Mace Wed, 02 Apr 2025

Law

Master Electricians files lawsuit against Waterstone Insolvency

Waterstone principal Damien Grant says the industry body ‘has its circuits crossed’.

Nicholas Pointon Thu, 08 May 2025

Phoenixes flying under the radar

Data obtained under Official Information Act shows prosecutions related to phoenix activity are rare, with an average of less than three prosecutions annually over the past five years.

Nicholas Pointon Thu, 08 May 2025

Why LG staffer who deleted messages during ComCom probe was named

The company’s former New Zealand country manager argued the shame of publication was elevated in South Korean culture.

Hamish McNicol Mon, 05 May 2025

Finance

New leadership and record results at Jarden

Fraser Whineray will step down as executive chair in favour of Sydney-based chief executive Aidan Allen.

Lachlan Colquhoun Thu, 08 May 2025

Consilium boss ‘not a great lover’ of unlisted assets

Financial services firm set to launch its second KiwiSaver scheme later this month.

Hamish McNicol Wed, 07 May 2025

Foundation Life finally announces wind-up scheme

After seven years, thousands of life insurance policyholders learn how the company plans to wind up its Project Scholar scheme.

Tim Hunter Wed, 07 May 2025

The NBR Podcast

Podcast #55: Australian election

LISTEN: Labor’s historic victory in the Australian election: What role did Trump play and what does a decimated Liberal party do now?

Simon Shepherd Tue, 06 May 2025

Podcast #54: Managed retreat: saving the town of Kumeu

LISTEN: Auckland Council has told residents of Kumeu-Huapai their town can’t be protected from future weather disasters. So what are the options and who is going to pay if Kumeu has to move?

Simon Shepherd Tue, 29 Apr 2025

Podcast #53: The business of charity

LISTEN: Starship Foundation CEO Jo Simon talks ‘starvation charities’ and how she has a business plan to keep hers sustainable.

Simon Shepherd Tue, 22 Apr 2025

Primary Industries

Zespri licence revenue rebounds

The annual licence auctions saw more demand for Zespri’s premium gold variety.

Kate McVicar Thu, 08 May 2025

Becoming the ‘All Blacks of the ocean’: Nelson’s blue economy

The coastal South Island city is angling to become a central player in New Zealand’s growing aquaculture industry.

Kate McVicar Mon, 05 May 2025

Fonterra axes Hamilton packaging plant

120 jobs to go when Canpac closes at the end of July.

NBR Staff Tue, 29 Apr 2025

Deals

Litmaps closes Series A round, purchases US rival

The AI-powered research discovery platform has boosted its global user base to over two million.

Fiona Rotherham Thu, 08 May 2025

Capital raise values Kiwi-founded Supabase at US$2b

California-based venture capital execs fly to Wānaka to line up the deal.

NBR Staff Thu, 24 Apr 2025

How a Tweet led to a $175m deal for Serato

In an exclusive interview with NBR, co-founders talk Commerce Commission, growth, and getting into politics.

Hamish McNicol Wed, 02 Apr 2025

Tourism

Our turn to be ‘jealous of cheap Australia’

Tourism Holdings and SkyCity say New Zealand is losing tourism ground to Australia, which is ‘as cheap as it’s ever been’ in relative terms.

Brent Melville Wed, 07 May 2025

Visitor numbers ‘flatline’ on capacity shortfall of 1.6m seats

Chinese tourist numbers remain down 44%, with a direct loss of $1.23 billion to NZ tourism coffers.

Brent Melville Tue, 06 May 2025

Medical conferences not for ‘drug pushers’ – Medicines NZ

Removing ‘overly cautious’ pharmaceutical advertising prohibitions could be a $30m annual shot in the arm as the Auckland convention centre comes on stream, business events sector says.

Brent Melville Wed, 30 Apr 2025

Infrastructure

Auckland, Northland focus of multi-billion-dollar transit plans

Government moves on the first of 17 roads of national significance, with the likely bill already sitting at $15 billion.

Brent Melville Wed, 23 Apr 2025

Public Works sweetener payments won’t cost the earth – Linz

Land agency and the NZTA say the incentives should be about half a percent of project value, citing about $20m across an initial three major national highway jobs.

Brent Melville Fri, 04 Apr 2025

250,000 new build products is a pipe dream, industry says

A new law will make little difference to the price of building products, observers say.

Brent Melville Thu, 03 Apr 2025

Property

Super Fund to divest its $600m hotel portfolio

The $80 billion NZ Super Fund and co-investors Russell Group and Lockwood assembled the country's third largest hotel portfolio over the past five years.

Brent Melville Wed, 07 May 2025

Prolific property flipper’s assets frozen

Liquidators of Rickhil Prakash’s property investment entity found it transferred a number of properties just before it failed.

Nicholas Pointon Wed, 30 Apr 2025

Renting still a better bet than buying, but gap closing, says BNZ

Mortgage rates are tracking down, but renting a comparable home is still cheaper, the bank’s research shows.

Brent Melville Thu, 24 Apr 2025

Professional Services

Du Val lawyer splits from iClaw legal firm, new CEO also ousted

Restructure of one of Hamilton’s biggest legal firms comes after its link to failed townhouse developer Du Val.

Brent Melville Fri, 11 Apr 2025

Scyne cuts Aussie headcount by 10% as Canberra cuts consultants

Created as a specialist firm to service the public sector, Scyne is hurting from the move to insourcing.

Lachlan Colquhoun Fri, 04 Apr 2025

Shaping the future: EY New Zealand elects new managing partner

Assurance leader Susan Jones takes over from Simon O’Connor, who has led EY NZ since 2011.

Hamish McNicol Wed, 02 Apr 2025

NBR Focus

The Accountants 2025: PwC plotting AI-driven future

NZ chief executive Andrew Holmes on client agendas, consultations, and cautious optimism.

Hamish McNicol Fri, 11 Apr 2025

The Accountants 2025: the country hasn’t performed well

BakerTillyStaplesRodway chair David Searle on longevity, outsourcing, and surviving through 2025.

Hamish McNicol Thu, 10 Apr 2025

The Accountants 2025: why accounting is ripe for PE investment

ANALYSIS: Mercury Capital’s Findex deal a sign of things to come for New Zealand firms.

Hamish McNicol Thu, 10 Apr 2025

Retail

Costs outpace revenue growth for DB Breweries

Annual profit for the local alcohol giant fell more than 73%.

Kate McVicar Tue, 06 May 2025

Just Life Group purchases skincare company

Skincare brand LoveSkin was acquired for more than $199,000.

Kate McVicar Thu, 01 May 2025

More Aussie retail failures to impact Kiwi high streets

Wittner and Jeanswest join the Noni B and Rivers brands in the hands of administrators.

Lachlan Colquhoun Thu, 17 Apr 2025

Luxury Property

Trelise Cooper marooned in St Heliers; Cheshire’s Kohi beachhouse

NBR takes a look at what’s hot and what’s not in this introductory edition of Luxury Property.

Brent Melville Wed, 30 Apr 2025

Failed foreign buyers’ tax ‘lost opportunity’ for NZ and Govt

While high-end real estate confidence is returning, the door is still locked for most foreign buyers.

Kate McVicar Sun, 24 Dec 2023

Marketing & Media

MediaWorks now 100% Aussie owned as Oaktree sells out

Digital outdoor advertiser QMS has acquired the 45% of MediaWorks it did not already own.

Lachlan Colquhoun Mon, 07 Apr 2025

Government urged to help creative sector grow its exports

Annual exports for New Zealand's video game sector, for instance, exceed pharmaceuticals, iron and steel, and wood pulp.

Brent Edwards Thu, 27 Mar 2025

Advertising firms Thompson Spencer, Reason merge

The newly formed Thompson Spencer Group has global ambitions.

Nicholas Pointon Wed, 19 Mar 2025

Aviation News

Wellington Airport returns to profit on higher revenue

The previous year's loss was to due removal of tax depreciation on commercial buildings.

Nevil Gibson Fri, 09 May 2025

Government confirms $2b for naval helicopter fleet replacement

Three companies are considered major contenders for tender process launched in 2023.

Nevil Gibson Mon, 05 May 2025

United follows Delta into ‘blended wing body’ jet project

Carry On: Boeing pauses X-66, Embraer’s bigger output, Korean’s Jumbo revival.

Nevil Gibson Sat, 03 May 2025

Energy

Transpower consults on $1.4b HVDC link upgrade

Grid operator recommends increasing capacity on the crucial inter-island connection, due for replacement in 2031.

NBR Staff Wed, 07 May 2025

OMV writes off $396m as oil and gas production falls

A sales process for the Austrian group’s New Zealand assets was called off in December after failing to find a buyer.

Tim Hunter Fri, 02 May 2025

Lodestone ‘on a path’ to $1.5b to $2b of solar investment

Solar farm developer says solar has a big part to play in cutting dry year hydro risk.

Tim Hunter Wed, 23 Apr 2025

Representing the 500 or so descendants of the former eastern Māori MP Wi Pere, the trust generates above-average returns from 7000 hectares of hill country and a relatively small 79ha horticulture unit.

NBR Staff Wed, 23 Oct 2024

Featured NBR Lister 2024: Sir Michael Hill

Earlier this year Sir Michael held a private golf tournament at his exclusive golf course, The Hills, to raise money for environmental conservation organisation Southern Lakes Sanctuary.

NBR Staff Tue, 22 Oct 2024

Featured NBR Lister 2024: Jonathan McHardy

With a property portfolio worth more than $140m, McHardy has a 20% stake in New Zealand Pastures.

NBR Staff Mon, 21 Oct 2024

Comings & Goings

Armstrong Motor Group appoints CEO

Simon Rutherford was president of the Motor Industry Association from 2022 to 2024.

Fri, 09 May 2025

DLA Piper powers up corporate and energy offering

Rob Macredie is widely regarded as a specialist in power purchase agreements and has acted on some of the country’s most high-profile renewable developments.

Wed, 07 May 2025

First Sentier Investors appoints CFO/strategy officer

Ashley Conn will be based in Sydney.

Tue, 06 May 2025

Why business should care about local body elections

Why business should care about local body elections

Auckland super city’s report card at 15: more work to do

Criticism of Government’s ‘one size fits all’ approach to water

Free News Alerts

Shareholder revolt on James Hardie deal shakes confidence in ASX

Shareholder revolt on James Hardie deal shakes confidence in ASX

A turning point for Māori representation

A turning point for Māori representation

Bank bosses pressure RBNZ to dial back capital requirements

Bank bosses pressure RBNZ to dial back capital requirements

From a ‘cupboard’ to $60m: How one game studio bolstered another

Trade uncertainty creates unsettling wave of volatility

Optimism market has reached ‘max pessimism’ as earnings loom

A Musketeer’s Covid-19 tale

Pay equity, social media ban, emailgate, and school lunches

IRD property spotlight finds $150m undeclared tax

A turning point for Māori representation

From a ‘cupboard’ to $60m: How one game studio bolstered another

Why business should care about local body elections

Shareholder revolt on James Hardie deal shakes confidence in ASX

Bank bosses pressure RBNZ to dial back capital requirements

Optimism market has reached ‘max pessimism’ as earnings loom

Tackling the scourge of organised crime

What parties here can learn from the Australian election

US has ‘softer underbelly’ than China in trade war: Sir John Key

Power to the people

Australia’s destiny now in Labor hands

Air NZ’s new Dreamliner layout prioritises premium tourist market

PEP gets plump payout from private training provider

NZME has one eye on Trade Me as it explores vehicle classifieds

Rocket Lab announces commercial customer for new Neutron rocket

Zuru rash, the Du Val life, James Lee gig, Act Empires

Dreamliner hits billion milestone as cabin stakes heat up

Red Devils, red ink: The financial rot at Manchester United

Red Devils, red ink: The financial rot at Manchester United

Bremworth’s sheep farmer chair defends shift to synthetic carpets

Bremworth’s sheep farmer chair defends shift to synthetic carpets

Govt hits ‘snooze’ button on bed taxes

Govt hits ‘snooze’ button on bed taxes

Church and state: NZ’s governance woes not going away

Fonterra’s awkward Australian issue

What parties here can learn from the Australian election

Australia’s destiny now in Labor hands

Investment

NZME board battle ends as Grenon and Joyce nominations backed

‘Steady as she goes’: ANZ first half net profit up

Warehouse Group reports ‘encouraging’ third quarter

Economics

‘Can't recall’: RBNZ quizzed about Willis-Orr Feb meeting

Unemployment static at 5.1% in March quarter

Risks to New Zealand’s financial stability increase

Politics

Luxon: Government boosts capital spend, keeps R&D tax credit

Government finances in better shape than forecast in December

Govt names new advisory council on science and innovation

Te Ao Māori

Why Māori art is firmly in the frame

Indigenous storytelling a headline act

Urgent action urged on Treaty settlement failures

Australia

Liberals look for new leader after Aussie election drubbing

Labor wins big in Australia

Upset still possible, but Labor on track for victory in Australia

General Business

Bremworth does about-face on synthetic carpets

NZ Rugby’s deficit widens despite record income

Tackling the scourge of organised crime

Tech & Innovation

‘Small and beautiful’ software startup shifts focus to Australia

PikPok says video game rebate cap needs to be lifted

Legal concerns raised over use of AI tools by execs and directors

Law

Master Electricians files lawsuit against Waterstone Insolvency

Phoenixes flying under the radar

Why LG staffer who deleted messages during ComCom probe was named

Finance

New leadership and record results at Jarden

Consilium boss ‘not a great lover’ of unlisted assets

Foundation Life finally announces wind-up scheme