Latest Business Headlines
Great Journeys New Zealand Brings The ‘WOW’ Factor With VIP Packages
Wednesday, 5 February 2025, 6:32 pm | KiwiRail
Great Journeys New Zealand is extending the WOW Train service to the South Island again for 2025. The journey to Wellington incorporates the Coastal Pacific train and Interislander ferry, where guests on board the 26 September service will be hosted ... More >>
Zespri RubyRed [TM] Kiwifruit Volume Set To Double This Season
Wednesday, 5 February 2025, 6:30 pm | Zespri
CEO Jason Te Brake says it’s an exciting time for Zespri RubyRed [TM] Kiwifruit with volume doubling compared with last season which is great news for consumers who love its sweet berry taste, vibrant red flesh colour and the health benefits ... More >>
Lyttelton Port Company Cost Management Delivers Improved Interim Financial Result
Wednesday, 5 February 2025, 6:23 pm | Lyttelton Port Company
LPC reported operating revenue of $100.82 million, up $7.68 million for the interim period from last year ($93.14 million). LPC chief executive Graeme Sumner said effective cost management and market-based pricing had both contributed to this ... More >>
Statement Of Issues Released For Contact’s Proposed Acquisition Of Manawa
Wednesday, 5 February 2025, 6:21 pm | Commerce Commission
The Commission is seeking submissions from Contact, Manawa and other interested parties on the issues raised in the Statement of Issues. More >>
Greenpeace Welcomes Northland Mining Pullout
Wednesday, 5 February 2025, 5:36 pm | Greenpeace
Seabed mining campaigner Juressa Lee says: "The victory over mining company Mineralogy International demonstrates the collective power of resistance in iwi, local communities and environmental groups working together. More >>
Westpac NZ Cuts Home Loan Rate Below 5%
Wednesday, 5 February 2025, 3:05 pm | Westpac
The new 3-year special rate represents a 0.60% reduction on the current advertised rate and will be available to customers from Friday 7 February. More >>
Air New Zealand Seasonal Service To Seoul Will Not Return For October 2025
Wednesday, 5 February 2025, 2:46 pm | Air New Zealand
The airline’s final seasonal flight from Incheon (ICN) to Auckland (AKL) will take place on 29 March 2025, marking the conclusion of this route’s seasonal service. More >>
New Vehicle Registrations Decline In January As Market Faces Continued Challenges
Wednesday, 5 February 2025, 2:30 pm | Motor Industry Association
Despite subdued figures, segments such as hybrid vehicles and select SUV models continue to show resilience, reflecting evolving consumer preferences towards fuel efficiency and sustainability. More >>
January Sees Modest Positive Spending Growth Across NZ, But Is Highest Outside Big Cities
Wednesday, 5 February 2025, 1:25 pm | Worldline
Worldline NZ’s Chief Sales Officer, Bruce Proffit says the rise might be modest, but positive annual growth will be appreciated by merchants. More >>
Forestry Sector Set Sights On High Value Bioproducts
Wednesday, 5 February 2025, 12:11 pm | Innovatek
“Industry leaders from across the forestry supply chain are getting behind a new initiative to support new technologies and processes for extracting high value chemicals from logs and other forestry byproducts from sawmills”, Stulen says. More >>
ComCom Sees Off Potentially Problematic Arrangement Between Ophthalmologists
Wednesday, 5 February 2025, 12:10 pm | Commerce Commission
The investigation focussed on a letter issued by RANZCO to its member ophthalmologists counselling them against facilitating optometrists to perform two types of laser eye surgery, despite a legal change in optometrists’ scope of practice in 2022. More >>
Desert Road Closure Costing Freight Businesses An Estimated $100,000 Per Day
Wednesday, 5 February 2025, 11:34 am | Ia Ara Aotearoa Transporting New Zealand
Chief executive Dom Kalasih says that while using block road closures allows NZTA to work more efficiently and safely on roading projects, it is essential that these are well managed and keep to schedule. More >>
Turning Hot Water Into A Hot Deal
Wednesday, 5 February 2025, 11:22 am | Meridian
Smart Hot Water uses technology to shift when a home’s hot water is heated, automatically switching off the electricity supply to hot water cylinders during peak periods and switching it back on when there is less demand. More >>
Kiwi Are Bosses Poor At Delegating, Hindering Growth
Wednesday, 5 February 2025, 11:10 am | Team Fusion
“It’s about having the infrastructure in place within your business to trust your people so that everyone feels valued, empowered, engaged and rewarded at work for achieving goals that are aligned to the business strategy." More >>
Behind The Swipes: Loneliness, Scams And Lies In New Zealand’s Online Dating Scene
Wednesday, 5 February 2025, 9:49 am | Norton
31 percent of people on dating apps in New Zealand have been targeted by a dating scam, while 28 percent of people say they would rather clean their closet than go on a first date More >>
NZ Fintech Hnry Launches In UK, Targeting 4 Million Sole Traders
Wednesday, 5 February 2025, 9:33 am | Hnry
The Wellington-based fintech’s expansion into the UK comes five years after the groundbreaking service launched in Australia in 2020. Its combined Australasian market has grown by 58% over the last two years, supercharged by Hnry’s $35 million Series ... More >>
Deel Announces New Anchor Investors And Financial Milestone
Wednesday, 5 February 2025, 9:11 am | Deel
Company Reaches US$800 million Run-Rate More >>
What The Top Fleet Managers Do Differently
Wednesday, 5 February 2025, 8:58 am | Hugh Grant
Managing a fleet is no small task. It’s a juggling act of maintenance schedules, driver performance, fuel efficiency, and costs. While many fleet managers get the job done, the top 1 percent take their operations to a whole new level. They’re ... More >>
Infrastructure Providers Require National Support To Manage Risks
Wednesday, 5 February 2025, 8:20 am | Infrastructure New Zealand
“The report correctly identifies the critical role that infrastructure providers play in our country’s preparedness for future adverse natural events & the choices they have to reduce the structural and fiscal risks associated with those,” says ... More >>
Unemployment Forecast To Hit Four-year High, With Rise To 5.1%
Tuesday, 4 February 2025, 8:36 pm | RNZ
Official numbers confirming the recession has caught up with the jobs market - and also slowed wage growth. More >>
Why Has NZ's Economy Been Hit So Hard?
Tuesday, 4 February 2025, 8:17 pm | RNZ
Last year was a tough one, even compared to other similar countries. We ask experts what went wrong. More >>
Outlook For Small Businesses Encouraging, Despite Economic Uncertainties - MYOB
Tuesday, 4 February 2025, 8:13 pm | RNZ
A nationwide survey of more than 500 SME owners and decision-makers found more work lined up for January to March than they would usually expect. More >>
Takapuna Outpaces Auckland With Strong Economic Growth In 2024
Tuesday, 4 February 2025, 2:13 pm | Takapuna Beach Business Association
The latest 2024 annual economic report released last week by Infometrics shows that Takapuna’s economy grew by 3.8% in 2024, well ahead of Auckland’s growth of 2.1% and nearly three times New Zealand’s national growth of 1.4%. More >>
New Bus Contract Drives Value For Ratepayers And Electric Buses For West And South Auckland
Tuesday, 4 February 2025, 1:20 pm | Auckland Transport
AT’s Director of Public Transport and Active Modes Stacey van der Putten says the new nine-year, $1.068 billion contract with Ritchies is particularly exciting as it will see 175 new electric buses introduced on the network while delivering value ... More >>
Rotorua And Hei Āhuru Mōwai Māori To Host The World Indigenous Cancer Conference
Tuesday, 4 February 2025, 12:32 pm | Tourism New Zealand
The bi-annual WICC, now in its fourth iteration, provides a unique platform for Indigenous communities to address the disproportionate cancer burden they face, identify research priorities, and exchange transformative approaches tailored to their unique needs. More >>
Auckland Housing Market Opens New Year Cautiously, Increase In Sales In Under $1 Million Price Segment
Tuesday, 4 February 2025, 10:15 am | Barfoot and Thompson
“As is customary, the Auckland housing market quietly edged into 2025 with January sales prices and sales numbers below where they were at in December,” said Peter Thompson, Managing Director of Barfoot & Thompson. More >>
Want To Give A Gift To Your Loved Ones? Check Out 7 Reasons Why A PlayStation Plus Gift Card Is The Perfect Solution!
Tuesday, 4 February 2025, 9:50 am | Hugh Grant
In today’s digital era, practical and flexible gifts are highly appreciated. Instead of struggling to find a specific game or accessory, a PlayStation Plus Gift Card allows recipients to choose what suits them best. More >>
Tariff War Sparks Interest Rate Warning From New Zealand Economists
Monday, 3 February 2025, 9:34 pm | RNZ
Trade tariffs on Mexico, Canada and China could mean interest rates stay higher here. More >>
Trials And Tribulations: Trump’s Tit-for-tat Tariff Tussle Troubles Trade… We Focus On Employment At Home
Monday, 3 February 2025, 8:38 pm | Kiwi Economics
This week, our focus turns to the Kiwi labour market, data out Wednesday. And we expect a continued loosening in conditions. By our calculations, the unemployment rate likely lifted to 5.1% from 4.8% - the highest rate in four years. More >>
Federated Farmers Calls For Doubling Of QEII Trust Funding
Monday, 3 February 2025, 7:46 pm | Federated Farmers
"The Government needs to step up its contribution to keep up the pace," Federated Farmers vice president Colin Hurst says. More >>
Back To The Future: IRD Again Proposes Employee Share Scheme Deferral Regime For Start-up Companies
Monday, 3 February 2025, 4:49 pm | MinterEllisonRuddWatts
The paper recognises the valuation and liquidity issues that are faced by start-up companies and their employees when an ESS benefit arises without a sale or an active market for the relevant shares. More >>
Bell Gully Welcomes New Partner To National Construction And Projects Team In 2025
Monday, 3 February 2025, 4:15 pm | Bell Gully
A leading construction and projects lawyer with extensive domestic and international experience, Scott spent more than seven years advising on major projects throughout Asia, Africa and the Middle East prior to joining Bell Gully in 2022. More >>
New International Representative For The Headwaters Eco Lodge
Monday, 3 February 2025, 3:12 pm | The Headwaters Eco Lodge
Tourism and marketing specialist Louise Frend of Unique Stays & Experiences will represent the lodge domestically and internationally in the US, Canada, UK, Europe and Australian markets. More >>
Bed, Bath And Beyond Sentenced Over Record Number Of Unsafe Products
Monday, 3 February 2025, 3:03 pm | Commerce Commission
From March to October 2023 Bed, Bath and Beyond sold 27,374 products that did not include the safety information in the locations required by law. More >>
Generate KiwiSaver Scheme Recognised Again For Excellence In Fund Management
Monday, 3 February 2025, 2:48 pm | Generate KiwiSaver
The annual 2025 Morningstar New Zealand Awards program, now in its 19th year, recognises and celebrates the best of the New Zealand fund management profession, as selected by Morningstar’s Manager Research analysts. More >>
First-Time Contestant Crowned Northland’s Best
Monday, 3 February 2025, 2:22 pm | New Zealand Young Farmers
The FMG Young Farmer of the Year competition is dedicated to showcasing the very best talent in New Zealand’s food and fibre sector. Now, in its 57th year, the title of FMG Young Farmer of the Year is held as the most prestigious farming award ... More >>
Summer Rail Upgrades Bring Auckland A Step Closer To City Rail Link Readiness
Monday, 3 February 2025, 2:10 pm | City Rail Link
One major highlight was the opening of the newly electrified 19km of rail line between Papakura and Pukekohe - electric passenger trains are now running all the way to the city centre with no need to change trains at Papakura. More >>
Consumer Reveals The Best And Worst Insurance Providers
Monday, 3 February 2025, 11:48 am | Consumer NZ
MAS and FMG are the top-rated insurers for house, car and contents insurance. Big brands State and AMI scored below average for house and contents insurance, with significantly lower-than-average ratings for value for money, communication, customer ... More >>
Household Living Costs Increase 3.0 Percent; Household Living-costs Price Indexes: December 2024 Quarter
Monday, 3 February 2025, 11:27 am | Stats NZ
The most recent high was 8.2 percent recorded in the 12 months to the December 2022 quarter. More >>
Summer Weekly Water Supply Update From Watercare - February 3
Monday, 3 February 2025, 10:55 am | Watercare Services
Auckland’s water supply situation is stable. Typically, water demand peaks in February, so Watercare Services will continue to remind people to go easy with their water use over summer. More >>
Pukekohe Railway Station Opens After A Long Period Of Disruption
Monday, 3 February 2025, 10:10 am | Public Transport Users Association
Hopefully, trains will continue to run, as rail replacement busses are very hard to use on the Southern Line and are very unpopular with customers, says Jon Reeves, PTUA National coordinator. More >>
ASB Lowers Popular Mortgage Rates For The Second Time In Two Weeks
Monday, 3 February 2025, 10:01 am | ASB Bank
ASB has also reduced three of its term deposit rates by between 5 and 10 basis points. More >>
Sellers Hit 2025 Hard, With New Listings At Levels Not Seen In A Decade
Monday, 3 February 2025, 8:26 am | realestate.co.nz
The latest data from realestate.co.nz shows that after a record low new listings for any December, sellers jumped into the market in January, with new listings reaching levels not seen during January since 2015. More >>
How Much Do You Really Need To Save Each Week To Have A Comfortable Retirement?
Sunday, 2 February 2025, 9:37 pm | RNZ
So you want to save $500,000 for retirement. What does it take to get there? More >>
NZ's Biggest Solar Farm To Be Built In Waikato
Sunday, 2 February 2025, 9:31 pm | RNZ
The farm will stretch over 182 hectares, but the panels will be fairly unobtrusive, company says. More >>
First Electric Train Rolls Into Pukekohe
Sunday, 2 February 2025, 4:24 pm | Auckland Transport
Pukekohe Station has also been upgraded to support more frequent electric trains alongside the redeveloped bus interchange which opened in 2018. AT Chief Executive Dean Kimpton says this is a gamechanger for Pukekohe and the wider community. More >>
Three Lotto Players Share $1 Million
Saturday, 1 February 2025, 9:05 pm | Lotto New Zealand
Strike Four has also rolled over tonight and will be $800,000 on Wednesday night. More >>
AI Tech Deployed After Chemical Burn Incident
Friday, 31 January 2025, 9:59 pm | Industrial Safety News
Following a WorkSafe investigation into an incident where an Ecostore worker suffered chemical burns to his eyes, the business is investing over $323,000 into improving its health and safety practices as part of an enforceable undertaking. More >>
Low-cost Ways To Grow Auckland’s Infrastructure
Friday, 31 January 2025, 9:56 pm | AsiaPacific Infrastructure
A new report highlights the opportunities that Auckland’s population density offers for reducing infrastructure costs for New Zealand, says Te Waihanga (New Zealand Infrastructure Commission) Chief Executive Geoff Cooper. More >>
BCITO And NZCB Announce Apprentice Challenge 2025
Friday, 31 January 2025, 9:08 pm | New Zealand Certified Builders
Apprentices compete at regional heats around New Zealand on 12 April, with the winners going through to the national final, which is held at the NZCB Conference in Hamilton on 6-7 June. More >>
Beer Accounts For Almost 1% Of New Zealand's GDP - Report
Friday, 31 January 2025, 8:00 pm | RNZ
The industry also generated $1.7b of tax revenue for the government each year, the report found. More >>
Thousands Tap KiwiSaver For 'Second Chance' At Home Ownership
Friday, 31 January 2025, 7:59 pm | RNZ
KiwiSaver money can generally only be withdrawn when someone buys a first house or retires - except for particular exemptions. More >>
NZ Could Become 'Net Exporter' Of Population
Friday, 31 January 2025, 7:57 pm | RNZ
If current trends continue, NZ could quickly reach a point where more people are leaving than arriving, experts say. More >>
Keeping It In The Family
Friday, 31 January 2025, 6:25 pm | NZ Dairy Event
Most of the country’s best show cows were there to compete at the NZ DairyEvent. There was a talented international group of profile judges who travelled from the UK, the USA, and Australia (along with NZ) to judge and it turned into a super display ... More >>
Buyer Confidence On The Rise As Growing Number Of Homeowners Look To Sell
Friday, 31 January 2025, 5:50 pm | Trade Me Property
The December survey of more than 1,700 Trade Me members, actively engaged in property searches, saw 57 per cent of buyers say it’s a good time to buy, up from 53 per cent in October. More >>
The Economy Goes Down, Unemployment Goes Up
Friday, 31 January 2025, 5:30 pm | Kiwi Economics
The jobs data is a key statistic before the February MPS. Our forecasts are largely in line with the RBNZ’s latest projections. With the 2% target inflation rate virtually reached and core inflation also trending lower, we believe the RBNZ needs to return ... More >>
Conquer New Zealand’s Most Iconic Day Hike: The Tongariro Alpine Crossing
Friday, 31 January 2025, 3:55 pm | Love Taupo
The crossing takes hikers on a remarkable journey through an ancient, otherworldly terrain shaped by millennia of volcanic activity. From steaming vents and rugged lava flows to the striking Red Crater and the vivid Emerald Lakes, every step reveals ... More >>
Experience The Otherworldly Beauty Of Craters Of The Moon In Taupō
Friday, 31 January 2025, 3:54 pm | Love Taupo
As visitors meander along the well-maintained boardwalk, they will witness the land come to life, with plumes of steam rising from deep within the earth, accompanied by the occasional hissing of active vents. More >>
Explore Taupō’s Breathtaking Waters With An Unforgettable Kayaking Adventure
Friday, 31 January 2025, 3:52 pm | Love Taupo
From tranquil paddles along the Waikato River to guided tours leading to the famous Ngātoroirangi Mine Bay Māori rock carvings, kayaking in Taupō offers an immersive way to connect with nature. More >>
Taupō’s Dining Scene Shines As A Must-Visit Culinary Destination
Friday, 31 January 2025, 3:50 pm | Love Taupo
From casual lakeside eateries to fine dining experiences, Taupō offers an extraordinary selection of restaurants and bars that cater to every palate. More >>