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Weekly Wrap: Data centres, vocational education, China dilemma

Sun, 20 Jul 2025

Weekly Wrap: Data centres, vocational education, China dilemma

Sun, 20 Jul 2025

The risky business of gauging investors’ appetite for risk

ANALYSIS: Part two of a three-part series on the incredible case of a Canadian carpenter who became an options trader.

On the Money

The risky business of gauging investors’ appetite for risk

ANALYSIS: Part two of a three-part series on the incredible case of a Canadian carpenter who became an options trader.

Brent Sheather Sun, 20 Jul 2025

Book Review

Intelligence in the age of terror

ANALYSIS: How the CIA spy agency regained its original purpose.

Book Review

Intelligence in the age of terror

ANALYSIS: How the CIA spy agency regained its original purpose.

Nevil Gibson Sun, 20 Jul 2025

Beehive Banter

A telling off of sorts, election stress, the by-election

ANALYSIS: PM pulled David Seymour into line over letter to the UN.

Beehive Banter

A telling off of sorts, election stress, the by-election

ANALYSIS: PM pulled David Seymour into line over letter to the UN.

Brent Edwards Sat, 19 Jul 2025

MARKET MOVEMENTS

Cartoon Caption Contest: CLICK HERE

The (rise and) fall of Rivian

Aviation News

Jetstar-IndiGo codeshare will boost inbound Indian tourists

Investment

Rocket Lab shares break US$50 as first Neutron launch nears

Investment

Jarden stays overweight on Aussie telcos

Tech & Innovation

Why NZ medtechs struggle for funding despite promising results

Professional Services

PwC Australia offloads restructuring team

On the Money

The risky business of gauging investors’ appetite for risk

Book Review

Intelligence in the age of terror

Weekly Wrap: Data centres, vocational education, China dilemma

Professional Services

PwC Australia offloads restructuring team

Investment

Rocket Lab shares break US$50 as first Neutron launch nears

Tech & Innovation

New Advanced Tech Institute will have a central base in Auckland

General Business

‘State of the City 2025’ – Auckland’s productivity puzzle deepens

Politics

Act's plan for more supermarket competition to push down prices

Law

Foodstuffs North Island, Gilmours accused of cartel conduct

Te Ao Māori

Large iwi group ‘flabbergasted’ at Kiwibank investment silence

Underarm

No clear path in Australia’s China dilemma

Primary Industries

Farmers argue carbon forests are a travesty

Energy tech startup gets heavyweight backing

Prospero Energy’s experienced founders raise $3m as they pursue global opportunity.

Tech & Innovation

New Advanced Tech Institute will have a central base in Auckland

Auckland Mayor Wayne Brown celebrates it as "another win" for the city's future economy.

Investment

ASX-listed Manuka Resources accused of misleading investors

Formal complaint lodged with Australian stock exchange and ASIC about the status of environmental consents.

Tourism

Off-peak tourism ‘hard nut to crack’, Tourism NZ says

International arrivals marooned at 86% of pre-pandemic levels last year, while tourism promotional spend focuses on breaking into the non-summer market.

Featured

The Grind

Biotech chemist Iona Weir has a cunning GMP manufacturing plan

Following successful clinical trials, her R&D discovery company is hoping to exit via big pharma.

Finance

Long-term ‘negative effects’ for payments, Visa claims

Commerce Commission’s final report on business fees ‘fell short’ for consumers.

Finance

Long-term ‘negative effects’ for payments, Visa claims

Commerce Commission’s final report on business fees ‘fell short’ for consumers.

Private Bin

Du Val references, Bayly blunder, nabbing NAB, LiveGood all good

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

Private Bin

Du Val references, Bayly blunder, nabbing NAB, LiveGood all good

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

The NBR Rich List

Featured Rich Lister: Berridge Spencer

While he may be intensely private, Berridge Spencer isn’t averse to tapping into the tourism dollar, especially on Waiheke Island where he’s just launched Forest Flight.

The NBR Rich List

Featured Rich Lister: Berridge Spencer

While he may be intensely private, Berridge Spencer isn’t averse to tapping into the tourism dollar, especially on Waiheke Island where he’s just launched Forest Flight.

Analysis

Hunter’s Corner

Digging the dirt on Senior Trust

ANALYSIS: There’s a lot going on behind the lender’s headline numbers.

Tim Hunter Fri, 18 Jul 2025

Edwards on Politics

Government’s last opportunity to address skills training concerns

ANALYSIS: If not, more substantive reform might be needed.

Brent Edwards Thu, 17 Jul 2025

Underarm

No clear path in Australia’s China dilemma

ANALYSIS: The contradictions in Australia’s strategic position have been laid bare for all to see this week, but the Government continues to be in denial.

Lachlan Colquhoun Wed, 16 Jul 2025

Margin Call

Are US markets sleepwalking into an inflationary shock?

ANALYSIS: After initial panicky response to Liberation Day tariffs, US financial markets have recovered to a level seeming to imply tariffs will have minimal impact on inflation, interest rates, and corporate profits.

Nicholas Bagnall Tue, 15 Jul 2025

Investment

Spark chair’s lengthy tenure questioned as AGM looms

NZSA asked for more information on succession plans for Justine Smyth after last year’s AGM, but it has not yet been forthcoming.

Will Mace Thu, 17 Jul 2025

Bank shares too expensive, say analysts, but ANZ offers value

There was little to justify the valuation of CBA shares, which have hit several record highs in recent months.

Lachlan Colquhoun Wed, 16 Jul 2025

Fresh bid for Storage King values company at A$2.2b

The new offer comes after a flurry of activity in the storage sector in recent months.

Lachlan Colquhoun Mon, 14 Jul 2025

Economics

Economic recovery ‘pushed further and further out’

Fresh data suggests economy still not firing on all cylinders nearly a year after first interest rate cut.

Jonathan Mitchell Mon, 14 Jul 2025

Dual trans-Tasman rate cuts slated for August

WATCH: Both the RBNZ and RBA are expected to cut their respective cash rates next month once more data flows through the system.

Jonathan Mitchell Thu, 10 Jul 2025

RBNZ leaves OCR on hold at 3.25%

The central bank is closely monitoring inflation, which is hovering near the top end of the 1-3% target band.

Jonathan Mitchell Wed, 09 Jul 2025

Politics

MPs urged to put politics aside on environmental spending

Simon Upton says his proposed approach to monitoring spending applies to all governments.

Brent Edwards Thu, 17 Jul 2025

Govt to stop ‘pricey, pointless’ council work before RMA reform

Government will give councils clarity about where to focus their efforts, says Chris Bishop.

NBR Staff Wed, 16 Jul 2025

Govt to re-establish 10 polytechs

Plan will set up sector for long-term success, Penny Simmonds says.

Brent Edwards Mon, 14 Jul 2025

Te Ao Māori

Tainui leader joins call for iwi role in Kiwibank’s future

Another prominent iwi leader has voiced concern over the lack of engagement by Macquarie Capital with iwi Māori.

Mike McRoberts Wed, 16 Jul 2025

Large iwi group ‘flabbergasted’ at Kiwibank investment silence

Ngāti Toa CEO Helmut Modlik is perturbed he hasn't been approached yet about Kiwibank ownership opportunities.

Mike McRoberts Tue, 15 Jul 2025

Māori giving NZ a winning edge in global conferences

Māori culture gives New Zealand a powerful point of difference, say organisers.

Mike McRoberts Thu, 10 Jul 2025

Primary Industries

Farmers argue carbon forests are a travesty

But foresters say there is less land planted in forests than in the early 2000s.

Brent Edwards Wed, 16 Jul 2025

Rockit raises $14m ahead of larger capital raise

The raise was supported by 12 shareholders representing 38% of stakeholders.

Kate McVicar Fri, 11 Jul 2025

Foreign investment rules unfair to farmers, says top agent

Anthony Morsinkhof says foreign investment in farms should not be viewed so negatively.

Brent Edwards Thu, 10 Jul 2025

Australia

BHP and Rio prepare for US copper tariffs

While the copper tariffs will impact the two global miners, Australia will be more directly affected by the prospect of 200% tariffs on pharmaceuticals.

Lachlan Colquhoun Wed, 09 Jul 2025

RBA surprises and keeps rates on hold

The market had expected a rate cut today, with another two cuts by the end of the year.

Lachlan Colquhoun Tue, 08 Jul 2025

Retirement housing provider GemLife makes strong ASX debut

The company offers housing to baby boomers under a structure where people buy the house and not the land.

Lachlan Colquhoun Thu, 03 Jul 2025

Tech & Innovation

Mint Innovation moves into EV batteries amid $83.6m raise

The clean tech innovator has secured separate funding for its new lithium-ion battery extraction.

Fiona Rotherham Thu, 17 Jul 2025

StaplesVR raises $5.25m to chase SaaS and Nasa

Soul Capital, Rod Drury and Stephen Tindall's K1W1 have chipped in to help High Tech Young Achiever Aliesha Staples reach new health & safety sector heights.

Will Mace Thu, 17 Jul 2025

The answers to commercialising Kiwi science innovation

KiwiNet has its say as the Government considers the next stage of the science sector reforms.

Fiona Rotherham Mon, 14 Jul 2025

Law

Commerce Minister refuses to release statutory management doc

Scott Simpson invokes confidentiality clause also cited by the Financial Markets Authority.

Hamish McNicol Thu, 17 Jul 2025

Bank class action plaintiffs reveal settlement offer

Select committee hears submissions on controversial retrospective legislation protecting ANZ and ASB.

Tim Hunter Wed, 16 Jul 2025

Disputed share sales hidden from market

A court scrap between former associates John Sorensen and fraudster Ken Wikeley has exposed undisclosed share trading in an ASX-listed company.

Tim Hunter Wed, 16 Jul 2025

Finance

ComCom applies more limits on Visa, Mastercard interchange fees

But regulator has decided not to regulate the fees for commercial credit card or prepaid debit card payments at this time.

Will Mace Thu, 17 Jul 2025

TSB profit grows to $31.2m after lending growth, lower costs

The bank has also called for amendments to capital settings to bring ‘true proportionality’.

Jonathan Mitchell Mon, 30 Jun 2025

A foot on the accelerator: QuayStreet maps out future direction

The NZX acquired the active funds manager from Craigs Investment Partners in a deal worth more than $30m.

Hamish McNicol Mon, 30 Jun 2025

The NBR Podcast

Podcast #65: The economics of weight loss

LISTEN: The much-hyped weight loss wonder drug Wegovy is now available in New Zealand. Similar drugs are waiting to be approved, so which industries must pivot?

Simon Shepherd Tue, 15 Jul 2025

Podcast #64: Five reasons why some shares suck

LISTEN: New analysis of five major listed companies throws up ‘red flags’ about their governance.

Simon Shepherd Tue, 08 Jul 2025

Podcast #63: Rod Drury – my vision for New Zealand

LISTEN: The Xero co-founder says he’s saddened by what’s happening in New Zealand, but also outlines his nation building ideas.

Simon Shepherd Tue, 01 Jul 2025

General Business

Food Chain liquidators reviewing asset transfers before collapse

A leaked memo says liquidators will be assessing transactions to ensure they have been conducted properly.

Kate McVicar Thu, 17 Jul 2025

Foreign owner puts ‘for sale’ sign on Fullers360

Cameron Partners has been tapped for the deal, while Fullers360 says it won’t comment on ‘market speculation’.

Brent Melville Wed, 16 Jul 2025

Tough ask to get insurance exemptions under Fringe Benefit Tax

Exempting employer contributions to life and health insurance from FBT will remove a key barrier to uptake, the Financial Services Council suggests.

Jonathan Mitchell Tue, 15 Jul 2025

Deals

Stantec snaps up Christchurch engineering firm

The New York and Toronto-listed engineering consultancy has purchased Cosgroves for an undisclosed sum.

NBR Staff Mon, 30 Jun 2025

Aussie’s Shaw and Partners buys into Investment Services Group

ISG, which includes fund managers Devon, Clarity, and Tahito and the JMI Wealth adviser network, has $7 billion in assets under management.

NBR Staff Tue, 24 Jun 2025

Kiwi agritech Halter valued at $1.65b following $165m cap raise

Founder Craig Piggott says he and his team have maintained a ‘healthy’ stake in the company post-Series D.

Hamish McNicol Tue, 24 Jun 2025

Tourism

Travel app Roady kicks off first leg of global expansion tour

The Kiwi tourism startup’s already had 25,000 downloads after launching in Australia.

Fiona Rotherham Wed, 09 Jul 2025

ACC stocks up on THL post takeover pitch

ACC buys up $6.7 million worth of Tourism Holdings shares, after previously selling down.

Brent Melville Tue, 08 Jul 2025

THL guidance, future earnings impacted by US

Company is also looking at certain ‘impairments’, the most notable of which is related to goodwill associated with its US business.

NBR Staff Fri, 04 Jul 2025

Infrastructure

A quarter of builders operating at under 50% capacity – survey

Almost a third of builders are working with between zero to three months of forward work on their books, and facing up to the drawcard of Australia’s Olympic build-up.

Brent Melville Wed, 16 Jul 2025

How to sell sand to the Aussies

Hamilton-based firm signs deal with building materials multinational Heidelberg, converting byproduct into engineered sand.

Brent Melville Mon, 07 Jul 2025

New ferry company outlines how it plans to cut costs

Savings will be made by not building new infrastructure in Wellington and paring back upgrades, chair Chris Mackenzie says.

Brent Edwards Mon, 07 Jul 2025

Property

High tech apple facility to form core of new $1b syndication

Fund manager aiming for 6.5% annual return from its new Veritas property fund, focused on ‘export aligned’ assets, including from Mr Apple.

Brent Melville Tue, 15 Jul 2025

PwC won’t budge as buyers abandon Du Val deposits

Destruction of value has seen multiple buyers unable to finance their purchases, while the statutory managers hold firm on original pricing.

Brent Melville Fri, 11 Jul 2025

Formcrete failure has ‘no impact’ on Queenstown developments

A spokesperson for property developer Dean Franklin said liquidation of the building firm did not affect his ongoing projects in the region.

Nicholas Pointon Fri, 04 Jul 2025

Professional Services

‘Completely out of control’ lawyer suspended for 15 months

A lawyer who held a male clerk’s penis outside his clothes and treated junior staff as ‘sexual playthings’ was in March found guilty of misconduct.

Hamish McNicol Thu, 10 Jul 2025

More people can become chartered accountants under new rules

Professional body Chartered Accountants Australia and New Zealand says country is on track for a 15,000 shortfall in accountants by 2030.

Hamish McNicol Wed, 09 Jul 2025

Law firm Turner Hopkins expands into China in collaboration deal

The Takapuna-based firm claims to have New Zealand’s leading Mandarin-speaking legal team.

Hamish McNicol Mon, 07 Jul 2025

NBR Focus

Getting the basics right in Hawke’s Bay

What businesses want from local government on the East Coast.

Jonathan Mitchell Fri, 16 May 2025

Build it and they will come

ANALYSIS: Major investments, from a new stadium to ambitious private developments, are revitalising Christchurch and reshaping its economic future.

Mike McRoberts Thu, 15 May 2025

A mountain to climb in Queenstown-Lakes district

ANALYSIS: Stung by water and roading blow-outs, leaky building payouts, and ramped-up rates, the resort town is going through a tricky period.

Brent Melville Thu, 15 May 2025

Retail

Coffee Supreme eyes up South Asia after Japan

The Wellington-founded coffee company is in growth mode, after getting new investment earlier this year.

Kate McVicar Mon, 14 Jul 2025

Luxury retail giant to walk away from its Australia/NZ stores

LVMH-owned DFS says it will exit the Oceania market after a review of its global store network.

Kate McVicar and Brent Melville Wed, 09 Jul 2025

Luxury retailers grapple with tough times

High-end retail is reporting a bumpy performance, but insiders say the Asia-Pacific region remains a key focus area.

Kate McVicar Tue, 08 Jul 2025

Luxury Property

Melburnians head to Queenstown; golf and private forests

International interest continues to swirl around Queenstown, while Millbrook offers up one of its finest.

Brent Melville Thu, 26 Jun 2025

Precinct’s new York, Feng Shui and islands in the sun

Two of the year’s biggest deals are brewing on Glendowie’s Riddell, while a Hauraki Gulf island hits the market for a cool $60 million.

Brent Melville Wed, 28 May 2025

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

Aviation News

Airbus retains commanding lead in half-year deliveries

Boeing is catching up as it recovers from production woes.

Nevil Gibson Wed, 16 Jul 2025

Malaysian Airlines opens order books for Airbus fleets

Carry On: Bombardier deal; AirBaltic, SAS ownership changes; new routes.

Nevil Gibson Sat, 12 Jul 2025

Qantas ushers in new era with first A321XLR

Carry On: Embraers in Western Australia, Airbus for China Airlines, route news.

Nevil Gibson Sat, 05 Jul 2025

Energy

LNG imports feasible but challenging – report

Government underwrites seen as important if LNG option pursued.

NBR Staff Thu, 10 Jul 2025

Contact agrees gas supply deal with Greymouth Petroleum

Privately owned gas producer says more gas is available ‘if incumbents invest with the drill bit’.

NBR Staff Fri, 04 Jul 2025

Orion funding dividends with debt, accounts show

The Christchurch Council-owned lines company says its dividend ‘aligns with the undertaking agreed in our Statement of Intent’.

Tim Hunter Mon, 30 Jun 2025

Rich List 2025

Featured Rich Lister: Guy Haddleton

Guy Haddleton likens startup Exaba to the early days of Kiwi accounting software firm Xero.

Fiona Rotherham Thu, 17 Jul 2025

Featured Rich Listers: Manson family

Property developer Sir Ted Manson's advice to budding entrepreneurs is to understand that they can’t do it all.

Owen Poland Wed, 16 Jul 2025

Featured Rich Listers: Anne and David Norman

The Normans both come from retailing backgrounds and have a business ethos to never take profits out of their companies.

Kate McVicar Tue, 15 Jul 2025

Marketing & Media

MediaWorks lands $220m AT billboard deal

New 10-year commercial agreement expected to at least double returns for bus, road, and railside billboard assets from next year.

Brent Melville Tue, 15 Jul 2025

Ogilvy restructures its local operations

The company is shedding its advertising arm, which is being consolidated into a related entity.

NBR Staff Fri, 13 Jun 2025

Stuff says it won’t rekindle acquisition talks with NZME

But NZME hinted at its annual meeting it is still keen on Stuff’s publishing assets.

Nicholas Pointon Tue, 03 Jun 2025

Comings & Goings

New CEO for Foundation North

Dylan Lawrence’s appointment follows the resignation of Peter Tynan earlier this year.

Wed, 16 Jul 2025

DLA Piper: senior promotions and strategic hires

The appointments of Nick Byrnes, Mike Campbell, Tyson Hullena, Jennifer Smith, and Kieron Creagh deepen DLA Piper’s specialist capability.

Wed, 16 Jul 2025

Buddle Findlay appoints Shaun Brookes as partner

Shaun Brookes has experience working across a diverse range of industries, including public sector, local government, private businesses, and charities.

Thu, 10 Jul 2025

Weekly Wrap: Data centres, vocational education, China dilemma

Weekly Wrap: Data centres, vocational education, China dilemma

Free News Alerts

The risky business of gauging investors’ appetite for risk

The risky business of gauging investors’ appetite for risk

Intelligence in the age of terror

Intelligence in the age of terror

A telling off of sorts, election stress, the by-election

A telling off of sorts, election stress, the by-election

The (rise and) fall of Rivian

Jetstar-IndiGo codeshare will boost inbound Indian tourists

Rocket Lab shares break US$50 as first Neutron launch nears

Jarden stays overweight on Aussie telcos

Why NZ medtechs struggle for funding despite promising results

PwC Australia offloads restructuring team

The risky business of gauging investors’ appetite for risk

Intelligence in the age of terror

Weekly Wrap: Data centres, vocational education, China dilemma

PwC Australia offloads restructuring team

Rocket Lab shares break US$50 as first Neutron launch nears

New Advanced Tech Institute will have a central base in Auckland

‘State of the City 2025’ – Auckland’s productivity puzzle deepens

Act's plan for more supermarket competition to push down prices

Foodstuffs North Island, Gilmours accused of cartel conduct

Large iwi group ‘flabbergasted’ at Kiwibank investment silence

No clear path in Australia’s China dilemma

Farmers argue carbon forests are a travesty

Energy tech startup gets heavyweight backing

New Advanced Tech Institute will have a central base in Auckland

ASX-listed Manuka Resources accused of misleading investors

Off-peak tourism ‘hard nut to crack’, Tourism NZ says

Biotech chemist Iona Weir has a cunning GMP manufacturing plan

Long-term ‘negative effects’ for payments, Visa claims

Long-term ‘negative effects’ for payments, Visa claims

Du Val references, Bayly blunder, nabbing NAB, LiveGood all good

Du Val references, Bayly blunder, nabbing NAB, LiveGood all good

Featured Rich Lister: Berridge Spencer

Featured Rich Lister: Berridge Spencer

Digging the dirt on Senior Trust

Government’s last opportunity to address skills training concerns

No clear path in Australia’s China dilemma

Are US markets sleepwalking into an inflationary shock?

Investment

Spark chair’s lengthy tenure questioned as AGM looms

Bank shares too expensive, say analysts, but ANZ offers value

Fresh bid for Storage King values company at A$2.2b

Economics

Economic recovery ‘pushed further and further out’

Dual trans-Tasman rate cuts slated for August

RBNZ leaves OCR on hold at 3.25%

Politics

MPs urged to put politics aside on environmental spending

Govt to stop ‘pricey, pointless’ council work before RMA reform

Govt to re-establish 10 polytechs

Te Ao Māori

Tainui leader joins call for iwi role in Kiwibank’s future

Large iwi group ‘flabbergasted’ at Kiwibank investment silence

Māori giving NZ a winning edge in global conferences

Primary Industries

Farmers argue carbon forests are a travesty

Rockit raises $14m ahead of larger capital raise

Foreign investment rules unfair to farmers, says top agent

Australia

BHP and Rio prepare for US copper tariffs

RBA surprises and keeps rates on hold

Retirement housing provider GemLife makes strong ASX debut

Tech & Innovation

Mint Innovation moves into EV batteries amid $83.6m raise

StaplesVR raises $5.25m to chase SaaS and Nasa

The answers to commercialising Kiwi science innovation

Law

Commerce Minister refuses to release statutory management doc

Bank class action plaintiffs reveal settlement offer

Disputed share sales hidden from market

Finance

ComCom applies more limits on Visa, Mastercard interchange fees

TSB profit grows to $31.2m after lending growth, lower costs

A foot on the accelerator: QuayStreet maps out future direction

The NBR Podcast

Podcast #65: The economics of weight loss