Best of Business

Shane Jones: Regional Development Minister unpacks the future of small town New Zealand

30 Sep 2024

Contributed by Lukas

There's growing concerns about the future of small town New Zealand - with one expert warning 'tough conversations' are needed. The closure of Winston...

Sam Dickie: Fisher Funds expert on the rise and fall of Intel

26 Sep 2024

Contributed by Lukas

Former industry giant Intel used to dominate the computer chip market - with significant presence in the world of PCs and servers. However, the compan...

Jamie Mackay: The Country host on Fonterra posting a stronger-than-expected net profit

26 Sep 2024

Contributed by Lukas

Kiwi dairy farmers can breathe a sigh of relief following Fonterra's successful results. The dairy giant posted a $1.1 billion dollar net profit and c...

Liam Dann: NZ Herald business editor at large on The Warehouse Group reporting a $54.2m net loss

26 Sep 2024

Contributed by Lukas

Leading Kiwi retailer The Warehouse Group has posted a significant net loss off the back of a tough trading environment. The company today posted it a...

Todd McClay: Trade Minister on the new trade agreement with the United Arab Emirates

26 Sep 2024

Contributed by Lukas

The Trade Minister has revealed how he managed to get the trade agreement with the United Arab Emirates over the line so quickly. Todd McClay and coun...

John Journee: Warehouse Group interim CEO on the company's multi-million dollar net loss

26 Sep 2024

Contributed by Lukas

The Warehouse Group says this year's unacceptable earnings have two parts. It's posting a $54.2 million net loss after tax. Last year it made a $29.9 ...

Murray Olds: Australian correspondent on the Australian Government reviewing negative gearing, housing taxes

26 Sep 2024

Contributed by Lukas

Over in Australia, negative gearing and capital gains tax changes are on the political agenda in a bid to reduce problems in the housing market.  The...

Sam Trethewey: Milford Asset Management Portfolio Manager on KMD Brands posting 11 percent sales drop

25 Sep 2024

Contributed by Lukas

Sales at Kathmandu owner KMD Brands slumped by 11 percent, with all three of its brands feeling the effect of weak consumer confidence in its latest f...

Miles Hurrell: Fonterra CEO on the company's $1.1 billion net profit

25 Sep 2024

Contributed by Lukas

Things are looking on the up for the dairy sector. Fonterra is returning a total dividend of 55 cents a share for the past financial year, off the bac...

Sandy Lau: PWC tax partner on ANZ's Chief Executive voicing support for a Capital Gains Tax

25 Sep 2024

Contributed by Lukas

A PWC tax partner says discussions around a Capital Gains Tax will continue, as the country grapples with raising enough revenue. ANZ head Antonia Wat...

Paul Bloxham: HSBC chief economist on Australia's Reserve Bank holding the Official Cash Rate for seventh time in a row

24 Sep 2024

Contributed by Lukas

The Australian Reserve Bank has held the cash rate at 4.35 percent after its latest board meeting, citing concerns about inflation. This  seventh con...

Jamie Mackay: The Country host previews the Fonterra annual results

24 Sep 2024

Contributed by Lukas

Fonterra's annual financial results are due out on Wednesday morning.  Experts are wondering if there will be an upside in the forecast milk price of...

Gareth Kiernan: Infometrics economist on the remote work statistics and trends for 2024

24 Sep 2024

Contributed by Lukas

The popularity of working remotely has continued to surge among Kiwi employees - prompting some new directions from the Government. Prime Minister Chr...

John Horner: Financial Markets Authority director on KiwiSaver funds breaking $100 billion mark

24 Sep 2024

Contributed by Lukas

KiwiSaver investments have broken the $100 billion mark. The Financial Markets Authority's report for the year to March 31st reveals funds reached $11...

Michael Fox: Zespri Head of Global Public Affairs on kiwifruit exports seeing a 20 percent lift

23 Sep 2024

Contributed by Lukas

New Zealand exported a record $3.1 billion worth of kiwifruit in the year to August, a 20 percent lift on the previous season. The figure was largely ...

Shane Solly: Harbour Asset Management spokesperson on Fletcher Building's bid to raise $700 million

23 Sep 2024

Contributed by Lukas

Fletcher Building is looking to put its problems in the past, as it aims to raise an extra $700 million. The construction giant plans to issue $292 mi...

Barry Soper: ZB senior political correspondent on Prime Minister Chris Luxon telling public servants to stop working from home

23 Sep 2024

Contributed by Lukas

Working from home is not an entitlement, it's an agreement. That's the Prime Minister's message to public servants today, claiming routines begun duri...

Megan Singleton: BloggerAtLarge.com writer on the launch of the new Mānawa Bay outlet mall

22 Sep 2024

Contributed by Lukas

Travellers and companions with time to spare will have opportunity to explore the new shopping mall opening right by Auckland Airport this week. The...

Thomas Coughlan: NZ Herald deputy political editor on the Government's plan to axe and replace the RMA

21 Sep 2024

Contributed by Lukas

There's hope a new-look Resource Management Act will make building easier for Kiwis.  Minister Chris Bishop's revealed two laws will replace the old ...

Sam Dickie: Fisher Funds expert on the US Federal Reserve cutting interest rates

19 Sep 2024

Contributed by Lukas

The US Federal Reserve surprised economists with its first interest rate cut in four years. Rates have gone down by 0.5 percent to about 4.8 percent -...

Liam Dann: NZ Herald business editor at large on GDP dropping 0.2 percent for the second quarter of 2024

19 Sep 2024

Contributed by Lukas

Experts say today's GDP figures paint a dire picture of our economy - and it's unlikely things will recover right away. New data shows GDP dropped 0.2...

Jarrod Kerr: Kiwibank economist on New Zealand's GDP dropping 0.2 percent

19 Sep 2024

Contributed by Lukas

One expert says today's GDP figures paint a bleak picture of the economy - but there's light at the end of the tunnel. Stats NZ revealed this morning ...

Murray Olds: Australian correspondent on Australia's unemployment rate holding steady at 4.2 percent

19 Sep 2024

Contributed by Lukas

Australia's national unemployment rate held steady at 4.2 percent in August. The number of employed people grew by 47,500, and the number of unemploye...

Matt Bain: Spark Head of Data explains why Kiwi businesses are reluctant to use AI

18 Sep 2024

Contributed by Lukas

New reports confirm at least 68 percent of small and medium Kiwi businesses currently have no plans to use AI. Data from NZIER's Quarterly Survey of B...

Oliver Mander: NZ Shareholders Association CEO on Synlait's biggest shareholders rescuing the company

18 Sep 2024

Contributed by Lukas

Synlait's two biggest shareholders have brought it back from the brink. Shareholders today approved a $218 million capital injection from Bright Dairy...

Satish Ranchhod: Westpac senior economist on consumer confidence picking up

18 Sep 2024

Contributed by Lukas

Consumer confidence has picked up in recent months - but there's still concerns about the future from some. The Westpac McDermott Miller Consumer Conf...

Parul Sood: Auckland Council waste solutions general manager says Oji Fibre Solutions won't affect kerbside recycling

18 Sep 2024

Contributed by Lukas

There's concerns about how the closure of a South Auckland paper mill will affect kerbside recycling. Oji Fibre Solutions will shut up just a week bef...

Brad Olsen: Infometrics Principal Economist predicts what upcoming GDP result says about economy

17 Sep 2024

Contributed by Lukas

The soon-to-be-released GDP figures for Q2 will give experts an outline of the state of the economy. Economists predict the economy will have contract...

Malcolm Fleming: New Zealand Certified Builders Chief Executive on the study claiming insulation requirements add little to building costs

17 Sep 2024

Contributed by Lukas

New research claims the costs of adding improved insulation onto Kiwi homes is far lower than initially reported.  Earlier in the year, Minister Chri...

Murray Olds: Australian correspondent on the future of the Murdoch family dynasty playing out in court

17 Sep 2024

Contributed by Lukas

A probate court in Nevada has begun reviewing evidence to determine who gets to control Rupert Murdoch's media empire after his death. Evidentiary hea...

Brooke van Velden: Workplace Relations Minister on the Government's plan to clarify gig workers and contractor criteria in new law

15 Sep 2024

Contributed by Lukas

The Government's proposing new criteria to define who's a contractor and who's an employee. 'Contractors' will need to have signed a contract, stating...

Greig Epps: Imported Motor Vehicle Industry CEO on the drop in EV sales in New Zealand

15 Sep 2024

Contributed by Lukas

The New Zealand electric vehicle market has run out of charge. New Motor Industry Association data shows just one in eleven new vehicle sales are elec...

Liam Dann: NZ Herald business editor at large on chocolate and olive oil pushing up food price inflation for August

12 Sep 2024

Contributed by Lukas

Chocolate, olive oil, butter and takeaway meals have been blamed for pushing up food price inflation in August, according to new reports. Fresh fruit ...

Grant Porteous: G.J. Gardner higher-up on the company's plan to grow the franchise by 30 percent

12 Sep 2024

Contributed by Lukas

G.J. Gardner, New Zealand’s largest franchised group house-building business and biggest residential builder, is planning to expand further. The bus...

Josh Eoraki: Stardome astronomer ahead of the first all-civilian private spacewalk

12 Sep 2024

Contributed by Lukas

The stage is set for the first ever all-civilian commercial spacewalk. Tech entrepreneur Jared Isaacman, alongside a a pair of SpaceX engineers and a ...

Shayne Currie: NZME editor-at-large on Google threatening to pull out of New Zealand over Fair Digital News Bargaining Bill

12 Sep 2024

Contributed by Lukas

Tech giant Google is being accused of playing hardball with the Government and media companies over the Fair Digital News Bargaining Bill. The bill wo...

Gavin Grey: UK correspondent on the UK economy flatlining again in July

11 Sep 2024

Contributed by Lukas

The UK economy unexpectedly failed to grow in July, after flatlining in June, for the second month in a row. Analysts had originally forecasted a slig...

Deborah Lambie: Milford Asset Management analyst on how investors plan to respond to demographic shift

11 Sep 2024

Contributed by Lukas

As birth-rates decline and the population gets older, investors are grappling with a new set of challenges. Recent data indicates the proportion of Ki...

Jenee Tibshraeny: NZ Herald Wellington business editor on David Seymour removing regulations for buy now, pay later sector

11 Sep 2024

Contributed by Lukas

The Government has confirmed buy now, pay later providers will be able to charge whatever fees they want going forward. Cabinet has agreed to remove s...

Mike Fuge: Contact Energy CEO on the company merging with Manawa Energy

11 Sep 2024

Contributed by Lukas

Contact Energy has confirmed it reached an agreement to take over electricity generator Manawa Energy in a near $2.3-billion merger. Contact would pay...

Jamie Mackay: The Country host on the tough economic climate impacting Kiwi sheep farmers

10 Sep 2024

Contributed by Lukas

Kiwi sheep famers will have to brace themselves for another tough earnings season. Beef and Lamb New Zealand’s new season outlook says farm profit m...

Brad Olsen: Infometrics principal economist on the economic impact of Winstone Pulp International closing Ruapehu mills

10 Sep 2024

Contributed by Lukas

The Ruapehu district has been dealt a huge blow - as Winstone Pulp International confirms it will close the two mills in the region. Over 230 workers ...

Chris Wilkinson: First Retail Group managing director on the rise in online shopping outlets charging for returns

10 Sep 2024

Contributed by Lukas

Experts believe a changing retail market and the evolution of influencers have forced online companies to make some changes.  British e-retailer ASOS...

Stuart Nash: Robert Walters Commercial Director on the benefits of 'chrono-working'

10 Sep 2024

Contributed by Lukas

'Chrono-working' could be the next employment fad to wash up in Aotearoa. It lets workers choose their hours dictated by their circadian rhythm, inste...

Perspective with Heather du Plessis-Allan: We're justified in feeling gloomy about the state of NZ

10 Sep 2024

Contributed by Lukas

Pattrick Smellie, who has been a regular contributor to this show, is back from his long European sabbatical - and he reckons we need to cheer up in N...

Shane Solly: Harbour Asset Management spokesperson on the US share markets dropping

09 Sep 2024

Contributed by Lukas

Volatility has returned to US markets, with a significant drop on Friday. Weak employment data saw markets price in larger cuts to US official interes...

Nicola Waldren: Restaurant Association NZ General Manger on Auckland restaurants closing earlier than anywhere else in the world

09 Sep 2024

Contributed by Lukas

New research has revealed Auckland eateries have the earliest closing times in the world. According to international food magazine Chef’s Pencil, it...

Megan Singleton: Bloggeratlarge writer on the international responses to the increased tourism levy

08 Sep 2024

Contributed by Lukas

New data reveals prospective visitors to New Zealand are in favour of paying a higher levy to come in. The Government recently announced it plans to l...

David Seymour: Regulation Minister on the new report calling for tougher regulations for the grocery sector

07 Sep 2024

Contributed by Lukas

Regulation Minister David Seymour agrees Kiwis are struggling with current grocery prices - but doesn't think tighter regulations are the solution. Th...

Dougal Sutherland: Is the UK's 4-day working week really a good thing?

07 Sep 2024

Contributed by Lukas

On the face of it the 4-day working week sounds like a good thing, but the devil is in the detail. Recently in the UK the government has indicated the...

Sam Dickie: Fisher Funds expert on the state of the US housing market

05 Sep 2024

Contributed by Lukas

The US housing market has been undergoing an unusual period. Various aspects of the sector have been found to be running at different speeds - with ne...

Liam Dann: NZ Herald business editor at large on oil prices slumping to their lowest level all year

05 Sep 2024

Contributed by Lukas

Global financial market turmoil overnight has come with a silver lining for motorists as oil prices have slumped to their lowest level this year. Chea...

Dr Rob Hales: Griffith Business School associate professor on the rise in corporations ditching their climate targets

05 Sep 2024

Contributed by Lukas

There's been a growing uptick in corporations ditching their green ambitions. Volvo Cars has abandoned its ambitious target to sell only electric cars...

Maria Slade: BusinessDesk reporter on the release of the receiver's report into Du Val group

05 Sep 2024

Contributed by Lukas

PwC has identified accounting irregularities, complexities and a lack of auditing at failed Auckland property development group, Du Val. This first re...

Chris Luxon: Prime Minister on receiving support from Elon Musk

05 Sep 2024

Contributed by Lukas

The Prime Minister's welcoming support from a billionaire admirer. Elon Musk replied to a tweet by Chris Luxon this week - about being in Malaysia. Th...

Nick Tuffley: ASB chief economist on the outlook of the latest ASB Housing Confidence survey

04 Sep 2024

Contributed by Lukas

A new survey by ASB indicates Kiwis aren't expecting house prices to pick up again anytime soon. According to ASB's Housing Confidence survey, a net 1...

Stephanie Batchelor: Milford Asset Management Analyst on the 'fallen angels' in the US markets

04 Sep 2024

Contributed by Lukas

The US market is up almost 20 percent on the year - but big names like Starbucks, Nike, and Lululemon have been struggling. The consumer discretionary...

Jenee Tibshraeny: NZ Herald Wellington business editor on depositors rushing to take advantage of high interest rates

04 Sep 2024

Contributed by Lukas

Savers have rushed to lock in high interest rates ahead of the Reserve Bank cutting the OCR for the first time in more than four years. New RBNZ data ...

Andrew Bayly: Commerce Minister outlines solutions to boost competition in supermarket sector

04 Sep 2024

Contributed by Lukas

The Commerce Minister says a third big player in our supermarket sector is unlikely to come from overseas. A first annual Commerce Commission report o...

Pierre van Heerden: Grocery Commissioner on the Commerce Commission's annual report criticising lack of competition in the sector

04 Sep 2024

Contributed by Lukas

The Grocery Commissioner says the returns our big supermarkets get on assets is about double what overseas equivalents make. The Commerce Commission's...

Paul Bloxham: HSBC chief economist ahead of Australia's GDP announcement

03 Sep 2024

Contributed by Lukas

Australia's GDP data is set to be released tomorrow - and experts are outlining their predictions. This follows last week's inflation data, which is c...

Jamie Mackay: The Country host on the possibility of near-record farm gate milk price this season

03 Sep 2024

Contributed by Lukas

Growing global demand for dairy products and a flat milk supply could be setting the stage for a near-record farm gate milk price this season. With ni...

Brad Olsen: Infometrics principal economist unpacks how chief financial officers feel about New Zealand's business outlook

03 Sep 2024

Contributed by Lukas

New Zealand's chief financial officers have revealed their thoughts in a first of its kind survey. Hunter Campbell's report reveals 42 percent expect ...

Miles Hurrell: Fonterra chief executive on the company's new Southland plant

03 Sep 2024

Contributed by Lukas

Fonterra is set to invest $150 million to build a new plant at its Edendale site in Southland to meet growing demand from Asia. The plant will produce...

Simon Bridges: Auckland Chamber of Commerce CEO blames IRD methods for uptick in business closures

03 Sep 2024

Contributed by Lukas

Inland Revenue is being asked not to seesaw on its stance, with rising liquidations across the country. Centrix's July figures reveal business liquida...

Heather du Plessis-Allan: I don't think now's the time for a higher tourist levy

03 Sep 2024

Contributed by Lukas

Today, the Government has done the thing that the tourism industry was hoping they wouldn't do and increased the visitor levy - the amount that touris...

Sir Ian Taylor: Kiwi entrepreneur wants to explore commercial viability of new museum on Auckland's waterfront

03 Sep 2024

Contributed by Lukas

A New Zealand entrepreneur and former Waitakere City Mayor are getting behind a waka-shaped museum on Auckland's waterfront. Sirs Ian Taylor and Bob H...

Dean Hamilton: Ryman Healthcare executive chair defends price hikes and job cuts

02 Sep 2024

Contributed by Lukas

Retirement village operator Ryman Healthcare is raising prices and slowing down construction efforts to repair its financial holes.  The company has ...

Shane Solly: Harbour Asset Management spokesperson on financial markets pricing in interest rate cuts

02 Sep 2024

Contributed by Lukas

Markets around the world are pricing in potential cuts to interest rates. Last Friday saw PCE inflation in the US rise 0.2 percent over the month to b...

Mike's Minute: Banks - The perceived problem vs what's actually happening

02 Sep 2024

Contributed by Lukas

With the news last week that a lot of people are changing banks as they re-finance their mortgages, we once again ask ourselves whether the problem w...

Business Panel: Kaffee Eis owner Karl Tiefenbacher and Mills Albert founding director Dave Mills

02 Sep 2024

Contributed by Lukas

Business confidence has hit a ten-year high according to ANZ's latest survey - but are businesses in Wellington feeling as confident as those in other...

Sam Dickie: Fisher Funds expert on the growing market interest in humanoids

29 Aug 2024

Contributed by Lukas

There's growing market interest in humanoids - robots and robotic technology designed to mimic humans. New improvements in technology have opened up r...

Paul Bloxham: HSBC chief economist on how New Zealand can restart a 'rockstar economy'

29 Aug 2024

Contributed by Lukas

Ten years ago, New Zealand had a 'rockstar economy' according to experts. In 2014, New Zealand's GDP growth turned out to be among the strongest acros...

Greg Foran: Air New Zealand CEO on the airline's profit and earnings falling over 60 percent

29 Aug 2024

Contributed by Lukas

Air New Zealand's CEO isn't holding back his frustration about the issues plaguing some of its engines. The airline's earnings, underlying profit, and...

Melanie Spencer: Thompson Spencer co-founder and CEO on the new data revealing what Kiwi influencers really earn

29 Aug 2024

Contributed by Lukas

Many people dream of becoming social media influencers - but the reality is a lot less glamorous.  According to new data from the IRD, only 60 people...

Jeremy Hutton: Milford Asset Management Equities Analyst on Air New Zealand's financial year results

28 Aug 2024

Contributed by Lukas

Air New Zealand's financial results are out tomorrow - and hopes aren't flying particularly high.  The airline has been hit with plane engine trouble...

Jenee Tibshraeny: NZ Herald Wellington business editor on the uptick in mortgage holders switching banks

28 Aug 2024

Contributed by Lukas

Elevated interest rates have encouraged mortgage holders to switch banks at a record rate. The value of mortgages refinanced by a new bank climbed to ...

Neal Barclay: Meridian CEO on the company's profit reaching $429 million

28 Aug 2024

Contributed by Lukas

Meridian Energy - the country’s largest power generator - has reported strong earnings in the June year, but warns the year ahead looks challenging....

Jamie Mackay: The Country host ahead of Fonterra's big announcement

27 Aug 2024

Contributed by Lukas

Sources claim dairy giant Fonterra is set to make a big announcement tomorrow. This follows the company predicting a 50 percent increase to the milk f...

Brad Olsen: Infometrics principal economist on the OECD Secretary-General visiting New Zealand for the first time

27 Aug 2024

Contributed by Lukas

The Secretary-General of the OECD, Mathias Cormann, has made his first official visit to New Zealand. Trade Minister Todd McClay welcomed him to Welli...

Michael Boggs: NZME chief executive on the tough trading environment impacting the media sector

27 Aug 2024

Contributed by Lukas

New Zealand Media and Entertainment (NZME) says its first-half revenue was slightly up on the year before, despite a tough trading environment. The me...

Shane Solly: Harbour Asset Management spokesperson on the US potentially cutting interest rates

26 Aug 2024

Contributed by Lukas

US Federal Reserve chair Jerome Powell has hinted interest rate cuts could be coming from September. In a recent address, Powell indicated upside risk...

Barb Hyman: Sapia.ai chief executive on the increased usage of AI in job recruitment

26 Aug 2024

Contributed by Lukas

More and more businesses have begun utilising AI for recruiting staff - and jobseekers have concerns. Spark, Kmart and Woolworths all use Sapia.ai sof...

Dennis Maga: First Union General Secretary on what the ruling against Uber means for other contractors

26 Aug 2024

Contributed by Lukas

There's hopes a ruling against Uber could help empower other contractors. The Court of Appeal has ruled four Uber drivers are employees, not contracto...

Sam Dickie: Fisher Funds expert on the turbulent outlook for 2024

22 Aug 2024

Contributed by Lukas

Market experts are convinced 2024 will conclude with a soft economic landing. This contradicts initial predictions that a global recession would disru...

Jamie Mackay: The Country host on dairy prices bouncing back after latest GDT auction

22 Aug 2024

Contributed by Lukas

Prices have bounced back in the latest Global Dairy Trade auction - with an impressive 5.5 percent increase across the board. The sixth event of the ...

Anne Gibson: NZ Herald property editor on Du Val Group being placed into statutory management

22 Aug 2024

Contributed by Lukas

The Government has moved on Auckland apartment developer Du Val Group, taking the rare step of placing it in statutory management. The move follows t...

Steve Jurkovich: Kiwibank CEO on the bank's 15 percent rise in net profit

22 Aug 2024

Contributed by Lukas

Kiwibank's net profit increased 15 percent - and it says it is fulfilling its role as a disruptor. The state-owned bank brought in $202 million and gr...

Neal Barclay: Meridian CEO hopeful rain will take the strain off New Zealand's power pressures

22 Aug 2024

Contributed by Lukas

An energy boss says predicted rain will take the strain off New Zealand's power supply. Winstone Pulp plans to close its central North Island pulp and...

Oliver Peterson: Australian correspondent on Jetstar facing a class action lawsuit

22 Aug 2024

Contributed by Lukas

Jetstar is on the receiving end of a class action lawsuit over its decision to hand out travel vouchers to customers who were impacted by the Covid-19...

Simon Thwaites: Silvermoon owner on repurchasing the business, plans to open new stores in Christchurch

21 Aug 2024

Contributed by Lukas

There’s a belief jewellery store Silvermoon will shine bright again.  Simon Thwaites has bought the business again after selling it in 2017, after ...

Sam Trethewey: Milford Asset Management Portfolio Manager on Fletcher Building reporting a multi-million dollar net loss

21 Aug 2024

Contributed by Lukas

A grim warning from New Zealand's largest construction company. Fletcher Building is reporting a group net-loss-after-tax of $227 million dollars, fol...

Jenee Tibshraeny: NZ Herald Wellington business editor on the Commerce Commission's suggestions to improve banking competition

21 Aug 2024

Contributed by Lukas

The Commerce Commission has detailed several potential changes in a new 389-page report designed to improve competition in the banking sector.  One c...

Sophie Moloney: chief executive on Sky TV's 3.7 percent drop in net after-tax profit

21 Aug 2024

Contributed by Lukas

Sky TV is recording a 3.7 percent drop in net after-tax profit, with its customer base at the lowest level in five years. The provider says it's deali...

Amanda Whiting: IAG chief executive on the company reporting a tenfold increase in insurance profit

21 Aug 2024

Contributed by Lukas

IAG, the country's largest insurer, has reported a significant increase in insurance profit in the 12 months to the end of June. The company, which ow...

Paul Bloxham: HSBC chief economist on the Reserve Bank cutting the OCR by 25 basis points

20 Aug 2024

Contributed by Lukas

Homeowners have been able to breathe a sigh of relief following the Reserve Bank's decision to cut the OCR. The cash rate was cut by 25 basis points a...

Brad Olsen: Infometrics Principal Economist on REINZ saying there's green shoots in the housing market

20 Aug 2024

Contributed by Lukas

There's green shoots returning to the housing market, according to the Real Estate Institute. REINZ data shows the volume of sales rose 14.5 percent y...

Vince Hawksworth: Mercury Energy CEO on the company reporting a 159 percent annual net profit increase

20 Aug 2024

Contributed by Lukas

Mercury Energy has lifted its net profit by 159 percent in the June year to $290 million. The company’s earnings before interest, tax, depreciation,...

Heather du Plessis-Allan: I'm not convinced the Commerce Commission study will lead anywhere

20 Aug 2024

Contributed by Lukas

For once, we have a Commerce Commission study that isn’t going nowhere. Nicola Willis says she's going to do what the Commerce Commission has recomm...

Nicola Willis: Finance Minister on her plan to inject competition into the banking sector

20 Aug 2024

Contributed by Lukas

The Finance Minister aims to put an end to the 'cosy pillow fight' between banks and bolster sector competition. A Commerce Commission report has foun...