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Investment

Nick Mowbray denies interest in NZME takeover

Australian media report Zuru co-founder was weighing bid for NZ Herald publisher.

Hamish McNicol Fri, 14 Feb 2025

Investment

Nick Mowbray denies interest in NZME takeover

Australian media report Zuru co-founder was weighing bid for NZ Herald publisher.

Hamish McNicol Fri, 14 Feb 2025

Racing’s $100m bribe

As Parliament mulls granting an online sports betting monopoly to UK-listed Entain, the costs as well as the benefits are becoming more apparent.

Hunter’s Corner

Racing’s $100m bribe

As Parliament mulls granting an online sports betting monopoly to UK-listed Entain, the costs as well as the benefits are becoming more apparent.

Tim Hunter Fri, 14 Feb 2025

General Business

Oji Fibre confirms paper plant closure at Kinleith

Shutdown will cost about 230 jobs.

General Business

Oji Fibre confirms paper plant closure at Kinleith

Shutdown will cost about 230 jobs.

NBR Staff Fri, 14 Feb 2025

Investment

Sharemarket poised for guidance on the year ahead

Low expectations for earnings will turn attention to company forecasts.

Investment

Sharemarket poised for guidance on the year ahead

Low expectations for earnings will turn attention to company forecasts.

Kate McVicar Fri, 14 Feb 2025

Quick Takes

New chair for joint venture aimed at reducing on-farm emissions

The coalition Government has appointed farmer Rob Hewett as the new chair of AgriZeroNZ, the public-private joint venture aimed at investing in new tools, technology, and practices to help cut on-farm emissions faster. Economic Growth Minister Nicola Willis and Agriculture Minister Todd McClay said Hewett had been appointed after being recommended by the joint venture’s private-sector partners. “As an experienced chair of several energy and agri-related entities, as well as a farmer, Mr Hewett’s strategic insights will make a significant contribution to driving forward AgriZeroNZ’s work to help farmers reduce their emissions while maintaining their competitive edge,” McClay said. The joint venture currently had $46.2 million committed across its investment portfolio, with 13 investments today and another 81 being considered.

MARKET MOVEMENTS

Podcast #43: Golden Visas

Public sector can do better: Commissioner Sir Brian Roche

Investment

‘I feel like I’ve done my bit’: Foley Wines CEO steps down

Professional Services

Former Grant Thornton partner pinged for very serious lapses

Private Bin

Foodstuffs shucked, Winston plucked, Westpac bucked, lawyer luck

Property

Fixed mortgage rates could be sticky, despite looming cuts – ANZ

Quick Takes

Quick Takes of the Week to February 14

Professional Services

Former Grant Thornton partner pinged for very serious lapses

Hunter’s Corner

Racing’s $100m bribe

Investment

‘I feel like I’ve done my bit’: Foley Wines CEO steps down

Private Bin

Foodstuffs shucked, Winston plucked, Westpac bucked, lawyer luck

Politics

Public sector can do better: Commissioner Sir Brian Roche

Investment

Nick Mowbray denies interest in NZME takeover

Te Ao Māori

‘We’ve got Māori in Nasa’: guiding a digital evolution

Politics

Tackling the influence the wealthy have on the political process

Te Ao Māori

The ‘leapfrog’ bid by Nelson Tenths descendants

Politics

Life has got worse for those on benefits and low incomes

Politics

Finance Minister is ready for a fight with supermarket duopoly

General Business

Why aren’t more women founding startups?

Air NZ challenged by MPs over pricing and regional cancellations

CEO Greg Foran and chair Dame Therese Walsh grilled at select committee.

Politics

‘Supermarkets are going to come at me, I’m up for it’: Willis

But the Labour Party says the Government's floundering and has no plan.

Investment

Skellerup in no ‘mad rush’ to respond to US tariffs on China

The NZX-listed company is taking its time to think carefully how it adapts to the US imposing higher tariffs on Chinese imports.

Tech & Innovation

Axe starts to fall at soon-to-be-dismantled Callaghan Innovation

The loss of 63 jobs takes total number of science roles cut nationally to 550 in past year.

Featured

Law

Fed-up customers sue Sudafed maker Johnson & Johnson

Law firm JGA Saddler rolls out big class action against Johnson & Johnson, on basis that Sudafed and Codral’s main ingredient is ‘ineffective’.

Property

New hotel, office development planned for Britomart

Cooper and Company has unveiled three major developments, after 20 years of managing the waterfront precinct.

Property

New hotel, office development planned for Britomart

Cooper and Company has unveiled three major developments, after 20 years of managing the waterfront precinct.

Investment

Black Pearl ‘going for the throat of fat cat Silicon Valley’

NZX-listed company's founder talks up chances of new platform against US competitors.

Investment

Black Pearl ‘going for the throat of fat cat Silicon Valley’

NZX-listed company's founder talks up chances of new platform against US competitors.

Deals

AgriZeroNZ invests $4.2m in Swedish methane-inhibiting tech

Agteria Biotech’s early trials reduced methane emissions by up to 70%.

Deals

AgriZeroNZ invests $4.2m in Swedish methane-inhibiting tech

Agteria Biotech’s early trials reduced methane emissions by up to 70%.

Analysis

Edwards on Politics

Political distractions take attention away from growth agenda

ANALYSIS: It gave plenty of fodder for the Opposition to attack the Government.

Brent Edwards Thu, 13 Feb 2025

Underarm

Privatisation: the good, the bad, and the ugly

ANALYSIS: If Christopher Luxon wins a second term and embarks on a round of asset sales, there are three decades’ worth of lessons on what to do – and what not to do.

Lachlan Colquhoun Wed, 12 Feb 2025

Margin Call

New Zealand’s energy transition: Supercritical geothermal

ANALYSIS: There are promising benefits but significant challenges, primarily due to the extreme conditions involved.

Craig Stent Tue, 11 Feb 2025

Shoeshine

The union, the airline caterer and endless employment litigation

ANALYSIS: An acrimonious relationship between Aviation Workers United and Gate Gourmet has led to the employer suing the union for good faith breaches.

Fiona Rotherham Mon, 10 Feb 2025

Investment

Chemist Warehouse makes A$31b ASX debut

Shareholders in Chemist Warehouse, previously privately owned, now own 85% of the bulked up Sigma Healthcare.

Lachlan Colquhoun Thu, 13 Feb 2025

Genesis ‘exploring options’ for Huntly deal with rival generators

Heads of agreement signed on investigating role of coal-fired Rankine units for security of supply.

Tim Hunter Wed, 12 Feb 2025

‘The most challenging economic conditions we’ve faced’: Vulcan

The metal distributor says it is through the worst of it, and expects a pick up in activity later this calendar year.

Nicholas Pointon Tue, 11 Feb 2025

Economics

Economy in deep funk with no plan for employment growth: CTU

Economist Craig Renney critical about lack of action after unemployment rises to 5.1% in the December quarter.

Jonathan Mitchell Wed, 05 Feb 2025

Business confidence falls, inflation expectations rise: ANZ

Lower interest rates not filtering through to business optimism and costs just yet.

Jonathan Mitchell Thu, 30 Jan 2025

Growth outlook to remain low for the next three years, says RBNZ

Productivity still a major issue that needs to be addressed, says chief economist Paul Conway.

Jonathan Mitchell Wed, 29 Jan 2025

Politics

How Airways Corporation would like to manage drones

It says drones are largely unregulated and a risk when air traffic control does not know they are flying.

Brent Edwards Thu, 13 Feb 2025

Finance Minister is ready for a fight with supermarket duopoly

Nicola Willis says the Government is on the side of Kiwi shoppers.

Brent Edwards Thu, 13 Feb 2025

ComCom needs more flexibility when assessing M&A, Bayly says

Mergers have occurred which should never have been allowed, Commerce Minister says.

Brent Edwards Thu, 13 Feb 2025

Te Ao Māori

The ‘leapfrog’ bid by Nelson Tenths descendants

The Nelson Tenths descendants plan to head directly to the Supreme Court in an effort to end decades of legal wrangling with the Crown.

Mike McRoberts Tue, 11 Feb 2025

‘We’ve got Māori in Nasa’: guiding a digital evolution

Te Ao Matihiko is driving a transformative movement in Aotearoa, combining tikanga and technology to create a digitally inclusive future for Māori.

Mike McRoberts Mon, 10 Feb 2025

Māori carving a new digital future

Meet three Māori tech entrepreneurs blending innovation with cultural authenticity.

Mike McRoberts Thu, 06 Feb 2025

Infrastructure

How to attract foreign investment in infrastructure projects

KPMG’s global head of infrastructure says there is global competition for investment and opportunities are almost limitless.

Brent Edwards Wed, 12 Feb 2025

Ritchies gets richer, Kinetic stalls, and Pavlovich sold

Ritchies Transport lands Auckland Transport's biggest ever public transport contract, snapping up Pavlovich Coachlines in the process.

Brent Melville Fri, 07 Feb 2025

KiwiRail rolls out RFP for Interislander

Government looks for ‘alternative proposals’ to run the Cook Strait ferry service, while appointing French-based brokerage firm BRS Shipbrokers to contact shipyards.

Brent Melville Tue, 04 Feb 2025

Australia

Australian government bans China's DeepSeek after security advice

Australia barred Huawei from its 5G rollout in 2018, and has applied the same rationale to new technology DeepSeek.

Lachlan Colquhoun Wed, 05 Feb 2025

Aussie CPI at 2.4% puts rate cuts into play

Australia's economy looks set for a soft landing which is welcome news for the Government facing a May poll.

Lachlan Colquhoun Wed, 29 Jan 2025

Aussie house prices dip in December as market awaits rate cut

Declining affordability stalls prices but the housing shortage could soon exert upward pressure.

Lachlan Colquhoun Wed, 08 Jan 2025

Tech & Innovation

‘We’re very lucky’: FTN eyes growth as rival folds

Electric motorbike company looking to raise about $900,000.

Kate McVicar Tue, 11 Feb 2025

Bayly on crypto: ‘We should embrace it’

The Minister of Commerce and Consumer Affairs’ recent comments on crypto have been well received by proponents in the blockchain industry.

Nicholas Pointon Fri, 07 Feb 2025

How Education Perfect is harnessing AI in the classroom

Co-founder Shane Smith explains what brought him back into the fold.

Karyn Scherer Wed, 05 Feb 2025

General Business

No party yet from waste-to-energy plant opponents

However, company behind Waimate proposal will have to jump through more hoops to get approval.

Fiona Rotherham Thu, 13 Feb 2025

Why aren’t more women founding startups?

Research shows fewer women undergraduates students want to become entrepreneurs than their male counterparts. How do we close the gap?

Fiona Rotherham Tue, 11 Feb 2025

Hnry targets sole traders in UK expansion, after two-year gear up

Accounting provider adds the United Kingdom to growing footprint and hopes to be profitable this year.

Jonathan Mitchell Wed, 05 Feb 2025

The NBR Podcast

Podcast #43: Golden Visas – the sequel

LISTEN: Relaxing the wealthy foreign investor rules. Immigration Minister Erica Stanford on why, plus predictions of a ‘tsunami’ of Chinese money.

Simon Shepherd Tue, 11 Feb 2025

Podcast #42: How to attract wealthy migrant investors

LISTEN: The PM plans to open up NZ to more foreign investment. So how do you encourage wealthy foreign investors to put their money into Kiwis companies?

Simon Shepherd Tue, 04 Feb 2025

Podcast #41: Investigate the airlines, says Auckland Airport CEO

LISTEN: Auckland Airport chief executive Carrie Hurihanganui wants a market study to investigate the airlines.

Simon Shepherd Tue, 28 Jan 2025

Finance

ASB profit climbs higher, politicians mull bank competition

Simplicity's Sam Stubbs estimates excessive bank profits at about $5m per day.

Jonathan Mitchell and Lachlan Colquhoun Wed, 12 Feb 2025

FMA’s outcomes focus ‘challenging to implement’, FSC boss says

Kirk Hope says effective regulation relies on strong feedback between regulator and industry.

Hamish McNicol Tue, 04 Feb 2025

Banking sector won't change without a major reset, MPs told

Select committee inquiry hears more submissions about capital, regulation, and why Kiwibank isn't the only remedy.

Jonathan Mitchell Wed, 29 Jan 2025

Law

Tribunal hears of shame and regret

Accused of misconduct after Christmas party ‘hijinks’, a senior lawyer offers an emotional apology.

Tim Hunter Tue, 11 Feb 2025

NZ Rugby launches legal action against sponsor Ineos

The rugby union alleges Ineos breached its sponsorship agreement by exiting deal three years early.

NBR Staff Tue, 11 Feb 2025

Tribunal hears witnesses on lawyer’s Xmas party behaviour

A senior lawyer’s conduct is alternately described as ‘boisterous’, ‘outlandish’, ‘inappropriate’ and ‘weird’.

Tim Hunter Mon, 10 Feb 2025

Professional Services

‘Good governance’: BDO NZ appoints first independent director

Move comes as firm promotes another 10 to its partnership.

Hamish McNicol Wed, 05 Feb 2025

Law Society president cleared following two complaints

Frazer Barton will return to the role after being on a leave of absence since last July.

Hamish McNicol Tue, 04 Feb 2025

Clients doing it ‘pretty tough’, new RSM Auckland boss says

But Lisa Murphy is optimistic about achieving the firm’s ambitious 2030 growth targets.

Hamish McNicol Tue, 04 Feb 2025

Primary Industries

New accelerator aims to bring global agritech to Kiwi farmers

Agnition Ventures is partnering with Singapore-based AgriFood Futures to offer a startup accelerator in New Zealand.

Fiona Rotherham Wed, 12 Feb 2025

Zespri goes to court over possible new kiwifruit variety

A couple of Te Puke kiwifruit growers are hopeful they have a new variety of kiwifruit, but Zespri says it has attributes very similar to its own SunGold.

Kate McVicar Mon, 10 Feb 2025

Olivado administrators suspect stock was diverted offshore

The administrators informed creditors of their suspicions at a meeting last week.

Nicholas Pointon Mon, 10 Feb 2025

Retail

Foodstuffs admits mis-steps in pushing merger proposal

Chair and CEO concede they didn’t pay enough attention to suppliers’ and politicians’ concerns.

Karyn Scherer Tue, 11 Feb 2025

Costco significantly improves annual loss

The international grocery giant has cut its annual loss from $20m to less than $1m.

Kate McVicar Tue, 04 Feb 2025

Brewing industry calls for alcohol excise tax revisions

The consistently increasing tax is a key challenge for big and small beer makers.

Kate McVicar Fri, 31 Jan 2025

Property

ComCom creating ‘solution in search of a problem,’ advisers say

Mortgage adviser community slams banking proposals on multiple offers.

Brent Melville Thu, 13 Feb 2025

Du Val consultant counts the costs

Cato Bolam spoke to Kenyon Clarke ‘a few weeks’ before the demise of the Auckland townhouse developer.

Brent Melville Tue, 11 Feb 2025

‘Small’ asbestos fix sees Ministry school cost blowout

Environmental consultancy’s ‘scope of works’ resulted in Northland school needing roof replacement costing $600,000.

Brent Melville Wed, 05 Feb 2025

Deals

It’s a seller’s market for SME owners, says business broker

ABC’s latest quarterly report says demand is outstripping supply due to immigration and low interest rates.

Will Mace Fri, 07 Feb 2025

Ivo's AI-based contract negotiation tool attracts US$16m Series A

Formerly called Latch, the company has relocated to San Francisco and launched a new contract search product.

Will Mace Thu, 06 Feb 2025

Barrenjoey builds on Forbar alliance with Hong Kong office

The firm also opened an office in Abu Dhabi and has recruited some heavy hitters to its board.

Lachlan Colquhoun Mon, 03 Feb 2025

NBR Focus

Green shoots after Cyclone Gabrielle

WATCH: In this final story, NBR speaks with businesses about growth opportunities in Hawke’s Bay and overseas after Cyclone Gabrielle.

Jonathan Mitchell Fri, 22 Nov 2024

Will the emergency response be better next time?

WATCH: Emergency Management and Recovery Minister Mark Mitchell on why the emergency management system needs an overhaul.

Jonathan Mitchell Thu, 21 Nov 2024

Building resilience, spending millions on cyclone recovery

WATCH: Hawke’s Bay businesses are spending big to recover from Cyclone Gabrielle. Are they prepared for the next one?

Jonathan Mitchell Wed, 20 Nov 2024

Featured Listers 2024

Featured NBR Listers 2024: Wi Pere Trust

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

Emirates' Clark sees new A380neo superjumbo in future vision

Carry On: Lufthansa's latest deal, Boeing reclaims Spirit AeroSystems, new routes.

Nevil Gibson Sat, 08 Feb 2025

Aviation lobby sees hope of reduction in levy increases

Cabinet approval sends signal about further savings by the CAA.

Nevil Gibson Mon, 03 Feb 2025

Wigram’s Air Force Museum to receive one retired C-130H Hercules

Official retirement ends six decades of missions to world’s trouble spots.

Nevil Gibson Mon, 03 Feb 2025

Comings & Goings

AgriZeroNZ board chair appointed

Rob Hewett is an experienced chair of several energy and agri-related entities, as well as a farmer.

Fri, 14 Feb 2025

Kernel accelerates growth with strategic leadership hires

Helen Skinner, Catherine Emerson, Andy Havill are taking up new roles in March and Jennifer Page will join the board in April.

Tue, 11 Feb 2025

New year promotions at MinterEllisonRuddWatts

Law firm has two new partners and five new senior associates.

Wed, 05 Feb 2025

Nick Mowbray denies interest in NZME takeover

Nick Mowbray denies interest in NZME takeover

Be-leave-ing AI, NZME questions, council fires, Du Voltaire

NZME job cuts will save $4m, source says

Racing’s $100m bribe

Racing’s $100m bribe

Oji Fibre confirms paper plant closure at Kinleith

Oji Fibre confirms paper plant closure at Kinleith

Sharemarket poised for guidance on the year ahead

Sharemarket poised for guidance on the year ahead

New chair for joint venture aimed at reducing on-farm emissions

Title

Public sector can do better: Commissioner Sir Brian Roche

‘I feel like I’ve done my bit’: Foley Wines CEO steps down

Former Grant Thornton partner pinged for very serious lapses

Foodstuffs shucked, Winston plucked, Westpac bucked, lawyer luck

Fixed mortgage rates could be sticky, despite looming cuts – ANZ

Quick Takes of the Week to February 14

Former Grant Thornton partner pinged for very serious lapses

Racing’s $100m bribe

‘I feel like I’ve done my bit’: Foley Wines CEO steps down

Foodstuffs shucked, Winston plucked, Westpac bucked, lawyer luck

Public sector can do better: Commissioner Sir Brian Roche

Nick Mowbray denies interest in NZME takeover

‘We’ve got Māori in Nasa’: guiding a digital evolution

Tackling the influence the wealthy have on the political process

The ‘leapfrog’ bid by Nelson Tenths descendants

Life has got worse for those on benefits and low incomes

Finance Minister is ready for a fight with supermarket duopoly

Why aren’t more women founding startups?

Air NZ challenged by MPs over pricing and regional cancellations

‘Supermarkets are going to come at me, I’m up for it’: Willis

Skellerup in no ‘mad rush’ to respond to US tariffs on China

Axe starts to fall at soon-to-be-dismantled Callaghan Innovation

Fed-up customers sue Sudafed maker Johnson & Johnson

New hotel, office development planned for Britomart

New hotel, office development planned for Britomart

Black Pearl ‘going for the throat of fat cat Silicon Valley’

Black Pearl ‘going for the throat of fat cat Silicon Valley’

AgriZeroNZ invests $4.2m in Swedish methane-inhibiting tech

AgriZeroNZ invests $4.2m in Swedish methane-inhibiting tech

Political distractions take attention away from growth agenda

Privatisation: the good, the bad, and the ugly

New Zealand’s energy transition: Supercritical geothermal

The union, the airline caterer and endless employment litigation

Investment

Chemist Warehouse makes A$31b ASX debut

Genesis ‘exploring options’ for Huntly deal with rival generators

‘The most challenging economic conditions we’ve faced’: Vulcan

Economics

Economy in deep funk with no plan for employment growth: CTU

Business confidence falls, inflation expectations rise: ANZ

Growth outlook to remain low for the next three years, says RBNZ

Politics

How Airways Corporation would like to manage drones

Finance Minister is ready for a fight with supermarket duopoly

ComCom needs more flexibility when assessing M&A, Bayly says

Te Ao Māori

The ‘leapfrog’ bid by Nelson Tenths descendants

‘We’ve got Māori in Nasa’: guiding a digital evolution

Māori carving a new digital future

Infrastructure

How to attract foreign investment in infrastructure projects

Ritchies gets richer, Kinetic stalls, and Pavlovich sold

KiwiRail rolls out RFP for Interislander

Australia

Australian government bans China's DeepSeek after security advice

Aussie CPI at 2.4% puts rate cuts into play

Aussie house prices dip in December as market awaits rate cut

Tech & Innovation

‘We’re very lucky’: FTN eyes growth as rival folds

Bayly on crypto: ‘We should embrace it’

How Education Perfect is harnessing AI in the classroom

General Business

No party yet from waste-to-energy plant opponents

Why aren’t more women founding startups?

Hnry targets sole traders in UK expansion, after two-year gear up

The NBR Podcast

Podcast #43: Golden Visas – the sequel

Podcast #42: How to attract wealthy migrant investors