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Weekly Wrap: Local elections, pay equity, public accountability

Sun, 18 May 2025

Weekly Wrap: Local elections, pay equity, public accountability

Sun, 18 May 2025

Engines that move markets

ANALYSIS: The fourth of a four-part series on the global car industry.

On the Money

Engines that move markets

ANALYSIS: The fourth of a four-part series on the global car industry.

Brent Sheather Sun, 18 May 2025

Book Review

Huawei’s curse: Success brings security backlash

China’s telecom giant became too big for the West.

Book Review

Huawei’s curse: Success brings security backlash

China’s telecom giant became too big for the West.

Nevil Gibson Sun, 18 May 2025

Beehive Banter

The Greens’ budget, the Budget, obscenities, and haka punishment

Speaker says he should have intervened when obscenity was uttered in Parliament.

Beehive Banter

The Greens’ budget, the Budget, obscenities, and haka punishment

Speaker says he should have intervened when obscenity was uttered in Parliament.

Brent Edwards Sat, 17 May 2025

MARKET MOVEMENTS

Podcast #56: Local election special

British Airways parent splashes US$23b on long-haul orders

Guest Analysis

Hungry businesses hunt for more than belt-tightening this Budget

Guest Analysis

A look in the crystal ball for the Commerce Act review

Investment

Being AI shuts down last remaining AI project, CEO and CTO resign

Investment

No reasons given for sudden Bremworth departures

Last Word

Local body elections more important than ever

Investment

Manawa adviser in line for $12.6m fee

General Business

The Kiwis who made the Forbes 30 under 30 Asia list

Investment

Profit plunges 99% at Manawa Energy

Investment

Being AI shuts down last remaining AI project, CEO and CTO resign

Investment

No reasons given for sudden Bremworth departures

Morning Brew

Putin a no-show in key Ukraine talks; UK economy expands

NBR Focus

A turning point for Māori representation

Politics

The Green Party’s proposal to tax and spend billions more

Te Ao Māori

Treaty clash erupts over Seymour’s Regulatory Bill

Politics

‘Part socialist’ heads back to the private sector

Law

Peter Huljich outs himself as Pushpay insider trader

Edwards on Politics

Labour policies offer hope in tough financial times

Manawa adviser in line for $12.6m fee

The payout is tied to completion of Manawa's acquisition by Contact.

General Business

The Kiwis who made the Forbes 30 under 30 Asia list

The annual list features 300 changemakers in 10 categories said to be transforming their industries.

Politics

Government rolls out welcome mat to overseas films

Incentives are not the Govt’s favoured approach, but Nicola Willis says NZ has to compete with other countries.

Investment

Chapman Tripp partner lauds change to listing ‘disincentive’

Prospective financial information will be optional for IPOs from June 12.

Featured

Law

Trust sold several million shares in Pushpay insider case

Court of Appeal judgment also shows chair thought co-founder was ‘out of control’ ahead of resignation and selldown.

Hunter’s Corner

A window on the world of general practice

ANALYSIS: It's easy to think GPs are just underfunded. If only it were that simple.

Hunter’s Corner

A window on the world of general practice

ANALYSIS: It's easy to think GPs are just underfunded. If only it were that simple.

NBR Focus

Getting the basics right in Hawke’s Bay

What businesses want from local government on the East Coast.

NBR Focus

Getting the basics right in Hawke’s Bay

What businesses want from local government on the East Coast.

General Business

NZGCP mum on possible Hillfarrance investigation

Venture capital fund was left ‘unmanned’ when its founder and CEO Rob Vickery left the country last year.

General Business

NZGCP mum on possible Hillfarrance investigation

Venture capital fund was left ‘unmanned’ when its founder and CEO Rob Vickery left the country last year.

Analysis

Edwards on Politics

Labour policies offer hope in tough financial times

ANALYSIS: Budget to invest more in Elevate Fund as part of the Coalition’s growth agenda.

Brent Edwards Thu, 15 May 2025

Underarm

Jayne Hrdlicka saddles up for another tough gig

ANALYSIS: Former A2 Milk and Virgin chief takes role at hospitality group Endeavour in January 2026. She faces significant downside risk.

Lachlan Colquhoun Wed, 14 May 2025

NBR Focus

Wellington’s reputation for not being business friendly

ANALYSIS: Businesses face a higher rates differential and disruption caused by council construction projects.

Brent Edwards Wed, 14 May 2025

Margin Call

Nike: Time to just do it?

ANALYSIS: Shares in the world’s largest footwear and apparel manufacturer have fallen 68% since November 2021.

Tue, 13 May 2025

Investment

Profit plunges 99% at Manawa Energy

Unprecedented weather conditions left the hydro generator exposed to the spot market during a period of record high prices.

NBR Staff Fri, 16 May 2025

‘It’s going to cost you your shirt’: trading margin for sales

Briscoe group managing director Rod Duke is not willing to sacrifice market share in FY26.

Kate McVicar Thu, 15 May 2025

Sanford delivers better-than-expected half-year result

CEO David Mair says the fishing and aquaculture company is halfway through a turnaround.

Fiona Rotherham Thu, 15 May 2025

Economics

Electricity and council rate hikes keep inflation flame burning

Monthly Stats NZ data now includes electricity and gas prices, which rose between March and April.

Jonathan Mitchell Thu, 15 May 2025

Business has ‘relatively low expectations’ for Budget, BDO says

Survey finds growth now a top concern for local business.

Jonathan Mitchell Thu, 15 May 2025

‘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

Politics

Willis boosts new Social Investment Fund

Social investment has both social and fiscal benefits and must get better returns, the Finance Minister says.

NBR Staff Thu, 15 May 2025

The Green Party’s proposal to tax and spend billions more

Co-leader Chlöe Swarbrick says it is a matter of political choices.

Brent Edwards Wed, 14 May 2025

No clear link between SOE performance and chief executive pay

But the Treasury says that in itself is not evidence of a problem with remuneration.

Brent Edwards Wed, 14 May 2025

Te Ao Māori

Māori business confidence up, driven by community-led growth

A pre-budget BDO report shows Māori business optimism has jumped despite a challenging economy.

Mike McRoberts Thu, 15 May 2025

Treaty clash erupts over Seymour’s Regulatory Bill

An urgent Waitangi Tribunal inquiry today will decide whether Regulatory Standards Bill breaches Treaty obligations.

Mike McRoberts Wed, 14 May 2025

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

Australia

Asic sues Macquarie as crackdown continues

The action is the fourth time Asic has moved against Macquarie Group over the last year.

Lachlan Colquhoun Wed, 14 May 2025

Aussie opposition votes for moderate leader

In the aftermath of the election drubbing, Sussan Ley’s elevation charts a course back to the centre for the opposition.

Lachlan Colquhoun Tue, 13 May 2025

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

General Business

Waitākere College sets up business school with businessman's help

It’s the second business school set up by Auckland entrepreneur Tony Falkenstein.

Kate McVicar Fri, 16 May 2025

PGG Wrightson directors win NZSA Beacon award

'Courageous, thoughtful' leadership recognised, as Legacy Award goes to veteran director James Miller.

NBR Staff Thu, 15 May 2025

Reports of recruitment scams more than double

Fishing and aquaculture company Sanford is one of the latest to be hit by fake ads.

Fiona Rotherham Thu, 15 May 2025

Tech & Innovation

Medtech startup Veriphi launches $2m crowdfunding campaign

It’s taken 16 years but the company finally has its first paying customer.

Fiona Rotherham Wed, 14 May 2025

Ex-All Black doubles down on Dot Kiwi domain business

Andy Ellis has gone from world-class rugby to landscaping and TV presenting, but promoting the .kiwi domain name has become an unlikely passion.

Will Mace Wed, 14 May 2025

Daisy Lab adds another lucrative string to its bow

The global market annually for lactoferrin is about US$700m a year compared with US$12b for betaglobulin.

Fiona Rotherham Mon, 12 May 2025

Law

Couple defrauded Oranga Tamariki out of $2m

Neha Sharma abused her position at OT to send $2m worth of invoices to a company controlled by husband.

NBR Staff Fri, 16 May 2025

Peter Huljich outs himself as Pushpay insider trader

The tech company’s former director says he maintains his innocence and will seek leave to appeal conviction.

Tim Hunter Thu, 15 May 2025

Court rejects Greg Olliver golf course’s council claim

Olliver claimed public notification of an application for subdivision consent was illegal, unreasonable and unfair.

NBR Staff Wed, 14 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?

Jonathan Mitchell Mon, 12 May 2025

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

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 #56: Pipes, roads, rates – our local election special

LISTEN: Three former long-serving mayors give their takes on how their cities are developing.

Simon Shepherd Tue, 13 May 2025

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

Primary Industries

Debts return to dog Silver Fern Farms

The last time the meat processor’s debt was at these levels it sought extra capital from Shanghai Maling.

Tim Hunter Wed, 14 May 2025

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

Deals

Angel investors show increased interest in new deals

The inaugural NZ Angel Market Report shows angels invested $15m overall in FY25.

Fiona Rotherham Thu, 15 May 2025

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

Tourism

Govt hits ‘snooze’ button on bed taxes

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

Brent Melville Fri, 09 May 2025

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

Infrastructure

$3 billion inland hub to steam ahead, without port support

Calder Stewart has already started building its new South Otago inland port, while Port Otago looks to other options.

Brent Melville Wed, 14 May 2025

Tanks, but no tanks, as council goes back to DC drawing board

Faulty modelling and ‘error of law’ sees Auckland Council revisit its workings on price hikes and push back the roll-out of its new rate card on development contributions.

Brent Melville Wed, 14 May 2025

Time-of-use congestion charges to apply to all – NZ Initiative

Economic and policy think tank says road congestion charging should be treated like GST.

Brent Melville Tue, 13 May 2025

Property

JW Marriott relaunches, at a new record price tag of $205m

CP Group consortium has pushed its way back into the top tier of NZ’s most expensive hotel properties.

Brent Melville Thu, 15 May 2025

Winton takes a big-picture view in Ayrburn film hub

Chris Meehan says he's fielded 'several' approaches from studios and people from the industry.

Brent Melville Thu, 15 May 2025

Fast-track review for $200m Ayrburn film studio

Winton gets second government fast-track nod for its studio plan in Arrowtown.

Brent Melville Wed, 14 May 2025

Professional Services

MinterEllisonRuddWatts chair eyes top-end-of-town growth

Construction and infrastructure partner Janine Stewart was elected the firm's new chair this month.

Hamish McNicol Fri, 16 May 2025

Bittersweet: law firm Copeland Ashcroft splits in two

Five-partner law firm will become separate North and South Island entities from August 1.

Hamish McNicol Wed, 14 May 2025

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

NBR Focus

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

Growing pains: the challenges facing Auckland’s mercurial mayor

ANALYSIS: The second of a two-part feature on how local government is tackling Auckland’s future.

Karyn Scherer Tue, 13 May 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

Near-collision prompts warning for unattended aerodromes

The two light aircraft passed within 20 feet of each other at Ardmore Airport in 2023.

NBR Staff Tue, 13 May 2025

Dreamliner hits billion milestone as cabin stakes heat up

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

Nevil Gibson Sat, 10 May 2025

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

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

Global wine business Vinarchy appoints global CEO

Danny Celoni brings more than 25 years of FMCG and global branded beverage experience.

Fri, 16 May 2025

Queenstown Airport appoints new CEO

Shane O’Hare has held a range of senior executive positions in Australia, New Zealand, Europe, the US, and Middle East, including appointments at Melbourne Airport, Qantas Airways, Etihad Airways, Royal Jet Group, and Star Alliance.

Fri, 16 May 2025

Queenstown Airport appoints new CEO

Shane O’Hare will replace Glen Sowry, who is leaving at the end of June.

Thu, 15 May 2025

Weekly Wrap: Local elections, pay equity, public accountability

Weekly Wrap: Local elections, pay equity, public accountability

Free News Alerts

Engines that move markets

Engines that move markets

Huawei’s curse: Success brings security backlash

Huawei’s curse: Success brings security backlash

The Greens’ budget, the Budget, obscenities, and haka punishment

The Greens’ budget, the Budget, obscenities, and haka punishment

British Airways parent splashes US$23b on long-haul orders

Hungry businesses hunt for more than belt-tightening this Budget

A look in the crystal ball for the Commerce Act review

Being AI shuts down last remaining AI project, CEO and CTO resign

No reasons given for sudden Bremworth departures

Local body elections more important than ever

Manawa adviser in line for $12.6m fee

The Kiwis who made the Forbes 30 under 30 Asia list

Profit plunges 99% at Manawa Energy

Being AI shuts down last remaining AI project, CEO and CTO resign

No reasons given for sudden Bremworth departures

Putin a no-show in key Ukraine talks; UK economy expands

A turning point for Māori representation

The Green Party’s proposal to tax and spend billions more

Treaty clash erupts over Seymour’s Regulatory Bill

‘Part socialist’ heads back to the private sector

Peter Huljich outs himself as Pushpay insider trader

Labour policies offer hope in tough financial times

Manawa adviser in line for $12.6m fee

The Kiwis who made the Forbes 30 under 30 Asia list

Government rolls out welcome mat to overseas films

Chapman Tripp partner lauds change to listing ‘disincentive’

Trust sold several million shares in Pushpay insider case

A window on the world of general practice

A window on the world of general practice

Getting the basics right in Hawke’s Bay

Getting the basics right in Hawke’s Bay

NZGCP mum on possible Hillfarrance investigation

NZGCP mum on possible Hillfarrance investigation

Labour policies offer hope in tough financial times

Jayne Hrdlicka saddles up for another tough gig

Wellington’s reputation for not being business friendly

Nike: Time to just do it?

Investment

Profit plunges 99% at Manawa Energy

‘It’s going to cost you your shirt’: trading margin for sales

Sanford delivers better-than-expected half-year result

Economics

Electricity and council rate hikes keep inflation flame burning

Business has ‘relatively low expectations’ for Budget, BDO says

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

Politics

Willis boosts new Social Investment Fund

The Green Party’s proposal to tax and spend billions more

No clear link between SOE performance and chief executive pay

Te Ao Māori

Māori business confidence up, driven by community-led growth

Treaty clash erupts over Seymour’s Regulatory Bill

Why Māori art is firmly in the frame

Australia

Asic sues Macquarie as crackdown continues

Aussie opposition votes for moderate leader

Liberals look for new leader after Aussie election drubbing

General Business

Waitākere College sets up business school with businessman's help

PGG Wrightson directors win NZSA Beacon award

Reports of recruitment scams more than double

Tech & Innovation

Medtech startup Veriphi launches $2m crowdfunding campaign

Ex-All Black doubles down on Dot Kiwi domain business

Daisy Lab adds another lucrative string to its bow

Law

Couple defrauded Oranga Tamariki out of $2m

Peter Huljich outs himself as Pushpay insider trader

Court rejects Greg Olliver golf course’s council claim

Finance

Bank bosses pressure RBNZ to dial back capital requirements

New leadership and record results at Jarden

Foundation Life finally announces wind-up scheme

The NBR Podcast

Podcast #56: Pipes, roads, rates – our local election special