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Beehive Banter

Winston Peters’ war against woke and RNZ, the PM, and new roads

ANALYSIS: PM refuses to rebuke Peters over his funding threat to RNZ.

Brent Edwards Sat, 26 Apr 2025

Beehive Banter

Winston Peters’ war against woke and RNZ, the PM, and new roads

ANALYSIS: PM refuses to rebuke Peters over his funding threat to RNZ.

Brent Edwards Sat, 26 Apr 2025

Airlines, manufacturers grapple with tariff turmoil

Carry On: Changi lounge upgrades, busiest airports, New York’s eVTOL network.

Aviation News

Airlines, manufacturers grapple with tariff turmoil

Carry On: Changi lounge upgrades, busiest airports, New York’s eVTOL network.

Nevil Gibson Sat, 26 Apr 2025

Private Bin

Summerset shares, FNZ cat flap, Renney for Rongotai

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

Private Bin

Summerset shares, FNZ cat flap, Renney for Rongotai

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

NBR Staff Fri, 25 Apr 2025

Quick Takes

Quick Takes of the Week to April 25

In case you missed it: News bites for the week.

Quick Takes

Quick Takes of the Week to April 25

In case you missed it: News bites for the week.

NBR Staff Fri, 25 Apr 2025

MARKET MOVEMENTS

Podcast #53: Business of charity

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

Investment

US court declines to intervene in Pacific Edge funding crisis

Hunter’s Corner

Inflation expectations soar as consumers monitor trade turmoil

Australia

Turbulent markets smash Aussie share funds

General Business

IoD slams practice of appointing patsy directors

Beehive Banter

Winston Peters’ war against woke and RNZ, the PM, and new roads

Aviation News

Airlines, manufacturers grapple with tariff turmoil

General Business

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

On the Money

Big market delusions in the global car industry

Shoeshine

The ‘bemusing’ world of patsy directors

Hunter’s Corner

Aussie rare earths industry a winner from US-China standoff

Investment

ACC says no deal to Singaporean MCK bid

1543 Capital still active despite ‘problematic’ Greg Olliver loan

Meanwhile, city law firm takes a direct caveat on the Gulf Harbour golf course land.

General Business

Ziwi confirms restructure, pet food production slowdown

Petfood company says it is operating in a tough environment amid economic downturn and global pressures.

Law

LG NZ staff deleted messages during ComCom probe

Trio faced criminal charges dating back to conduct from 2020 which can only now be reported.

Investment

ACC says no deal to Singaporean MCK bid

Crown entity describes CDL bid as ‘unreasonable and opportunistic’, with the process of redeeming preference shares at a materially lower price than the shares as egregious.

Featured

Property

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.

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.

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.

Finance

FNZ class action to be filed next month, say dissidents

Employee shareholders pull the trigger on legal claim alleging oppressive conduct by the fund administration group's board.

Finance

FNZ class action to be filed next month, say dissidents

Employee shareholders pull the trigger on legal claim alleging oppressive conduct by the fund administration group's board.

General Business

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.

General Business

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.

Analysis

Edwards on Politics

The Budget dilemma: How to bump the Trump slump

ANALYSIS: Treasury believes monetary policy should play the lead role in responding to economic crises.

Brent Edwards Thu, 24 Apr 2025

Underarm

Aussie rare earths industry a winner from US-China standoff

ANALYSIS: As China chokes the global supply chain of critical minerals, some small Australian companies could be the beneficiaries.

Lachlan Colquhoun Wed, 23 Apr 2025

Shoeshine

The ‘bemusing’ world of patsy directors

ANALYSIS: Why do shareholders appoint a patsy to their boards just before their companies fail?

Nicholas Pointon Tue, 22 Apr 2025

Margin Call

Tariff shock: The Achilles heel

ANALYSIS: The Achilles heel for the US – the funding of a large fiscal deficit via the US bond market – has been exposed.

Andrew Bascand Tue, 22 Apr 2025

Investment

TradeWindow hits earnings break-even, sees tariff opportunities

Trade-related software company says complexity in global trade will draw shippers and freighters to its products.

Will Mace Wed, 23 Apr 2025

Macquarie sells out of US and European public markets

The sale will not only deliver a small profit but, importantly, create cash to invest in the expanding private markets business.

Lachlan Colquhoun Tue, 22 Apr 2025

CDL sweetens Millennium & Copthorne offer to $2.80

Singapore-listed shareholder says it’s the ‘final and best’ price it’s willing to pay.

Brent Melville Tue, 22 Apr 2025

Economics

Inflation nudges higher amid global tariff uncertainty

Stats NZ data shows annual inflation rose to 2.5%, above 2.2% at the end of last year.

Jonathan Mitchell Thu, 17 Apr 2025

‘Wrong in so many ways’: RBNZ’s Conway kicks op-ed misinformation

The central bank’s chief economist aims to improve understanding of forecasts in a volatile and uncertain world.

Jonathan Mitchell Tue, 15 Apr 2025

Fiscal responses to shocks need to be targeted and temporary

Monetary policy is easier to reverse than fiscal policy, Treasury’s chief economic adviser Dominick Stephens says.

Brent Edwards Thu, 10 Apr 2025

Politics

Govt slashes RBNZ proposed budget, notes rampant staff growth

The central bank had asked for more than $1b over the five-year funding period.

Jonathan Mitchell Wed, 16 Apr 2025

Upton reiterates call for forests to be phased out of ETS

We can’t keep planting forests forever, says Parliamentary Commissioner for the Environment.

Brent Edwards Wed, 09 Apr 2025

Workers sick of the status quo and want change: CTU

They have a real sense of desperation, Richard Wagstaff says.

Brent Edwards Wed, 09 Apr 2025

Te Ao Māori

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

Waikato Tainui, Brookfield in billion-dollar Ruakura Superhub JV

Waikato Tainui representative predicts: ‘With our culture and your dollars, we’re going to be awesome.’

Mike McRoberts Fri, 11 Apr 2025

Infrastructure

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

Vector faces another ComCom barrage, on ‘misuse’ of power

Simmering discontent by infill developers with the country’s largest lines operator will now be looked at by the competition regulator.

Brent Melville Tue, 01 Apr 2025

Australia

ASX plunges over 6.3% on opening in volatile sell-off

The fall was the biggest since March 2020, during the Covid pandemic.

Lachlan Colquhoun Mon, 07 Apr 2025

Relief for Aussie beef producers, but A$55b wiped off ASX

Australia’s beef industry had feared 20% tariffs on its US$3.3b in annual exports, so was relieved with the 10% announcement.

Lachlan Colquhoun Thu, 03 Apr 2025

Top regulators continue pressure on ASX over settlement failures

The ASX is maintaining the Chess system until 2032, but regulators see operational risk.

Lachlan Colquhoun Mon, 31 Mar 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

General Business

FNZ calls in PR cavalry as staff dispute escalates

Employee shareholders at the fund administration firm say the value of their holdings has been destroyed by 'oppressive' capital raising terms.

Tim Hunter Thu, 17 Apr 2025

Interislander cops formal warning from ComCom

Cook Strait ferry service rapped over the knuckles for 2023 failings and refusal to pay compensation to affected passengers, but says it will get its house in order.

Brent Melville Thu, 17 Apr 2025

AML law changes aplenty but struggling businesses await relief

Differing views from an AML lawyer and auditor characterise a sector singled out for ‘relief’ by the Government.

Will Mace Wed, 16 Apr 2025

The NBR Podcast

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

Podcast #52: Craigs self-confessed bogan CEO Simon Tong

LISTEN: There’s nothing he likes more than old vinyl. Craigs Investment Partners CEO Simon Tong reveals his addiction to records – plus the reasons behind the $100m-plus private equity deal.

Simon Shepherd Tue, 15 Apr 2025

Podcast #51: The Accountants – the numbers haven’t been great

LISTEN: NBR’s annual Accountants series reveals tough times for the normally bullet-proof sector.

Simon Shepherd Tue, 08 Apr 2025

Finance

Staff threaten lawsuit against FNZ over alleged oppression

Employee shareholders seek compensation for preferential shares issues they say have cost them billions.

Tim Hunter Mon, 14 Apr 2025

NZ bank sector heavily regulated? No way, says FMA

Chief executive Samantha Barrass also tells banking inquiry that NZ is way behind on open banking.

Jonathan Mitchell Wed, 09 Apr 2025

FNZ investors tip in a further $880m

The fund administration platform raises further funds to execute 'refreshed strategy'.

Tim Hunter Mon, 07 Apr 2025

Law

Wetex Kang ordered to pay nearly $200,000

The pharmacist-turned-beekeeping enthusiast appealed a case against Geneva Capital.

Kate McVicar Tue, 22 Apr 2025

Heartland Bank inside trader gets home detention

Former Heartland Bank accountant Kevin Young was sentenced in the Auckland District Court today.

NBR Staff Thu, 17 Apr 2025

Judge extends freezing orders over $5m dental practice debt

Lender De Lage Landen feared assets might be dissipated before money was repaid.

NBR Staff Thu, 17 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

Primary Industries

Academic urges kiwifruit industry to address problems

‘Denial is the poisoned chalice, easily drunk by those who have worked hard to build the status quo.’

Kate McVicar Thu, 17 Apr 2025

New ownership offers ‘big opportunity’ in China for Egmont Honey

The mānuka honey company has been acquired by international private equity, in a deal thought to be more than $100m.

Kate McVicar Thu, 10 Apr 2025

NZ startup puts eyes on farms as it closes post-seed raise

Aimer founder Jeremy Bryant targets up to $2m to grow team and expand to new markets.

Jonathan Mitchell Wed, 09 Apr 2025

Retail

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

The Body Shop NZ owes $12m

The first liquidator's report shows the retailer recorded multiple years of trading losses.

Kate McVicar Thu, 03 Apr 2025

Analysts estimate Ikea will generate $191m revenue in NZ

Incoming Swedish retailer expected to grab market share from existing players such as Briscoes, says Forsyth Barr.

Kate McVicar Tue, 18 Mar 2025

Property

Ray White Remuera ‘back in business’ after losing top spot

Auckland realtor run by Megan Jaffe and Thomas Farmer had been top performer among 1000 offices for nine years, before losing out to the hot Sydney market.

Brent Melville Wed, 23 Apr 2025

Mortgage wars: BNZ wins skirmish, drops 18-month rate to 4.95%

Big banks start rolling back one-to-two-year mortgage rates, while longer-term rates remain higher.

Brent Melville Wed, 16 Apr 2025

NZICC opening will be a ‘game changer’ – Nigel McKenna

Many new builds in Auckland CBD were built in the belief NZ’s largest business drawcard would be up and running long ago, Templeton Group founder says.

Brent Melville Wed, 16 Apr 2025

Deals

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

DJ software company Serato sells 66% stake to Canadian company

Deal values Serato at close to $175m.

Hamish McNicol Tue, 01 Apr 2025

Craigs private equity deal gets shareholder, OIO approval

TA Associates stake worth more than $100m, still needs court sign off.

Simon Shepherd Fri, 21 Mar 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

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

Aviation News

Former Air Marshall Kevin Short appointed CAA reviewer

Short is joined by Rob MacGregor and Ashok Poduval.

Nevil Gibson Thu, 24 Apr 2025

Tariff turmoil taking toll on US domestic aviation

S&P Global Ratings issues warning of reduced travel demand.

Nevil Gibson Wed, 23 Apr 2025

Air New Zealand first with Boeing 787 cabin upgrade licence

Carry On: Airbus first class concept, tariff turmoil delays, US regionals merge.

Nevil Gibson Sat, 19 Apr 2025

Comings & Goings

Mercury appoints new chief sustainability officer

Catherine Thompson’s previous roles include executive-level roles at major New Zealand energy providers Contact Energy and Manawa Energy.

Thu, 24 Apr 2025

DLA Piper appoints new partner

DLA Piper builds litigation and regulatory bench strength with appointment of Bridget Murphy.

Wed, 23 Apr 2025

Aaron Hockly resigns from Vital Healthcare

No reason was given for Hockly's departure, who has been in the top job since 2019.

NBR Staff Wed, 16 Apr 2025

Winston Peters’ war against woke and RNZ, the PM, and new roads

Winston Peters’ war against woke and RNZ, the PM, and new roads

Defence boost, tariff pause, Parker retirement, Little for mayor

Tough talk, the ferries, tariff wars, privileges and cone hotline

Airlines, manufacturers grapple with tariff turmoil

Airlines, manufacturers grapple with tariff turmoil

Summerset shares, FNZ cat flap, Renney for Rongotai

Summerset shares, FNZ cat flap, Renney for Rongotai

Quick Takes of the Week to April 25

Quick Takes of the Week to April 25

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

US court declines to intervene in Pacific Edge funding crisis

An embarrassment of riches

Inflation expectations soar as consumers monitor trade turmoil

Turbulent markets smash Aussie share funds

IoD slams practice of appointing patsy directors

Winston Peters’ war against woke and RNZ, the PM, and new roads

Airlines, manufacturers grapple with tariff turmoil

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

Big market delusions in the global car industry

The ‘bemusing’ world of patsy directors

An embarrassment of riches

Aussie rare earths industry a winner from US-China standoff

ACC says no deal to Singaporean MCK bid

1543 Capital still active despite ‘problematic’ Greg Olliver loan

Ziwi confirms restructure, pet food production slowdown

LG NZ staff deleted messages during ComCom probe

ACC says no deal to Singaporean MCK bid

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

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

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

FNZ class action to be filed next month, say dissidents

FNZ class action to be filed next month, say dissidents

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

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

The Budget dilemma: How to bump the Trump slump

Aussie rare earths industry a winner from US-China standoff

The ‘bemusing’ world of patsy directors

Tariff shock: The Achilles heel

Investment

TradeWindow hits earnings break-even, sees tariff opportunities

Macquarie sells out of US and European public markets

CDL sweetens Millennium & Copthorne offer to $2.80

Economics

Inflation nudges higher amid global tariff uncertainty

‘Wrong in so many ways’: RBNZ’s Conway kicks op-ed misinformation

Fiscal responses to shocks need to be targeted and temporary

Politics

Govt slashes RBNZ proposed budget, notes rampant staff growth

Upton reiterates call for forests to be phased out of ETS

Workers sick of the status quo and want change: CTU

Te Ao Māori

Indigenous storytelling a headline act

Urgent action urged on Treaty settlement failures

Waikato Tainui, Brookfield in billion-dollar Ruakura Superhub JV

Infrastructure

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

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

Vector faces another ComCom barrage, on ‘misuse’ of power

Australia

ASX plunges over 6.3% on opening in volatile sell-off

Relief for Aussie beef producers, but A$55b wiped off ASX

Top regulators continue pressure on ASX over settlement failures

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

General Business

FNZ calls in PR cavalry as staff dispute escalates

Interislander cops formal warning from ComCom

AML law changes aplenty but struggling businesses await relief

The NBR Podcast

Podcast #53: The business of charity

Podcast #52: Craigs self-confessed bogan CEO Simon Tong

Podcast #51: The Accountants – the numbers haven’t been great

Finance

Staff threaten lawsuit against FNZ over alleged oppression

NZ bank sector heavily regulated? No way, says FMA

FNZ investors tip in a further $880m

Law