Best of Business

James Gibbons: Warner Bros. Discovery Asia Pacific president says shutting down Newshub newsroom the best decision

28 Feb 2024

Contributed by Lukas

Warner Bros. Discovery's Asia Pacific president reckons shutting down Newshub at the end of June is the best way forward. Staff were shocked as the co...

Bill Ralston: media commentator on the unexpected shutdown of Newshub

28 Feb 2024

Contributed by Lukas

Uncertainty over the future for hundreds of Newshub workers, following the shock announcement its newsroom will close. Warner Brothers Discovery execu...

Jamie Mackay: The Country host on the low expectations for this week's WTO meeting in Abu Dhabi

27 Feb 2024

Contributed by Lukas

As several trade ministers come together for this week's WTO meeting in Abu Dhabi, some experts are less hopeful. Stephen Jacobi, the executive direct...

Pattrick Smellie: BusinessDesk managing editor on Immigration NZ failing to complete risk assessments for migrant workers

27 Feb 2024

Contributed by Lukas

Immigration NZ have found themselves in hot water for failing to do enough risk analysis for migrant workers. A review of the Accredited Employer Work...

Wayne Scott: Aggregate and Quarry Association CEO on the sand shortage impacting construction projects

27 Feb 2024

Contributed by Lukas

The Aggregate and Quarry Association says urgent intervention is needed to avoid delays in construction projects in the Upper North Island. Auckland r...

Sir John Key: former Prime Minister on stepping down from ANZ board role

27 Feb 2024

Contributed by Lukas

Sir John Key believes the time was right to step down as chair of the country's biggest bank. Key has been working with ANZ's Australian and New Zeala...

Fran O'Sullivan: NZME business commentator on several World Trade Organisation ministers meeting in Abu Dhabi

26 Feb 2024

Contributed by Lukas

Several trade ministers from the World Trade Organisation are expected to gather over the next few days. The MC13 gathering, held in Abu Dhabi, will b...

Daniel Bracken: Michael Hill CEO on the company's success in Australian markets and disappointment in New Zealand

26 Feb 2024

Contributed by Lukas

Michael Hill is boosting its presence in Australia as New Zealand sales drop amid ongoing thefts. Overall half-year earnings were down by 55 percent o...

Liam Dann: NZ Herald business editor at large on the latest developments in AI- and what they can accomplish

22 Feb 2024

Contributed by Lukas

NZ Herald's Liam Dann has been won over by a new set of AI developments. Spark has rolled out some new technology designed to improve the world of con...

Sophie Moloney: Sky TV Chief Executive on the company's strong start to the financial year

22 Feb 2024

Contributed by Lukas

Sky TV has made a strong start to the financial year, with a 10 percent rise in net profit for the half-year to December. The broadcaster experienced ...

Greg Foran: Air New Zealand CEO on Air New Zealand's decreased half-year earnings

22 Feb 2024

Contributed by Lukas

Air New Zealand's half-year earnings have taken a dive, according to today's report. The airline has announced earnings before taxation of $185 millio...

Deborah Lambie: Milford Asset Management analyst on robotic assisted surgery experiencing a boost

21 Feb 2024

Contributed by Lukas

More operations could be done by robotic surgeons in the not-so-distant future. California-based company Intuitive Surgical has been leading the charg...

Michael Boggs: NZME chief executive on the company reporting a 46 percent drop in profit

21 Feb 2024

Contributed by Lukas

Media giant NZME has reported a drop in net after-tax profit of $12.2 million dollars. The company behind the New Zealand Herald and Newstalk ZB has b...

Carrie Hurihanganui: Auckland Airport CEO hits back at Air New Zealand's concerns surrounding redevelopment spending

21 Feb 2024

Contributed by Lukas

Auckland Airport is disputing Air New Zealand's concerns the redevelopment will push fares up. Air New Zealand has requested Commerce Minister Andrew ...

Vittoria Shortt: ASB CEO on the bank's multi-layered scam awareness program

21 Feb 2024

Contributed by Lukas

This week, ASB launched the first steps of a multi-layered campaign designed to protect consumers from scammers. The bank hopes to raise awareness aro...

Greg Foran: Air New Zealand Chief Executive warns Auckland Airport's development costs will be passed onto consumers

21 Feb 2024

Contributed by Lukas

There's turbulence in Air New Zealand's relationship with Auckland Airport. The airline is asking Commerce Minister Andrew Bayly to look into the Airp...

Paul Bloxham: HSBC Chief Economist on the divided predictions about next week's OCR hike

20 Feb 2024

Contributed by Lukas

Several leading economists are at odds over next week's OCR call from the Reserve Bank. ANZ has claimed the Bank will hike rates up twice before April...

Pattrick Smellie: BusinessDesk managing editor on A2's improved profit and sales in China

20 Feb 2024

Contributed by Lukas

Infant formula maker A2 Milk has lifted its first-half net profit by 15.6 percent. That's despite a double-digit decline in China’s infant formula ...

Mike Fuge: Contact Energy CEO on the company's reported increase in half-year net profit

19 Feb 2024

Contributed by Lukas

Contact Energy has reported an increase in net profit and says it expects to finalise a more generous electricity deal with Tiwai Point aluminium smel...

Fran O'Sullivan: NZME business commentator on the Government's 'tough love' strategy to get people off benefits

19 Feb 2024

Contributed by Lukas

One expert has noticed a subset of voters hasn't reacted positively to the Government's plan to reduce the number of beneficiaries. Prime Minister Chr...

Nicolas Reid: MRCagney Principal Public Transport Planner on the feasibility of a fixed link between New Zealand's two islands

17 Feb 2024

Contributed by Lukas

One transport planner is looking into the feasibility of a fixed link between New Zealand's two islands. KiwiRail are officially cancelling an oversea...

Sam Dickie: Fisher Funds senior portfolio manager on the state of the US markets

15 Feb 2024

Contributed by Lukas

The key interest rate market in the US is pricing several rates cuts later this year. Meanwhile, economic growth is getting stronger and equity market...

Robert MacCulloch: Auckland University economics professor says the entire Fletcher Building company needs to be broken up

15 Feb 2024

Contributed by Lukas

One business expert says a change in leadership isn't enough to save Fletcher Building. Yesterday, Chief Executive Ross Taylor and Chair Bruce Hassall...

Jamie Mackay: The Country host on New Zealand's agricultural sector facing challenges from Red Sea trade disruption

15 Feb 2024

Contributed by Lukas

New Zealand's agricultural sector could be impacted by escalating tensions in the Red Sea. Experts warn the ongoing attacks could cause further shippi...

Liam Dann: NZ Herald business editor at large on the latest migration data for New Zealand

15 Feb 2024

Contributed by Lukas

New Zealand's population has continued to expand in 2023- but the influx has slowed somewhat. New data from Stats NZ shows annual net migration reache...

Jeremy Hutton: Milford Asset Management Equities Analyst on Fletcher Building's management changes

14 Feb 2024

Contributed by Lukas

Fletcher Building has had an eventful few days, culminating in the loss of chief executive Ross Taylor and chair Bruce Hassall. The company has also r...

Jenee Tibshraeny: NZ Herald Wellington business editor on ASB's warning for mortgage holders

14 Feb 2024

Contributed by Lukas

ASB has warned mortgage holders to be prepared for 'any eventuality' when it comes to interest rates. Chief executive Vittoria Shortt says borrowers s...

Brad Olsen: Infometrics Principal Economist on the economic impact of Valentine's Day

14 Feb 2024

Contributed by Lukas

Economists are predicting a boost in consumer spending this February 14th. As demand for flowers and chocolates and fancy dinners skyrockets, people a...

Vittoria Short: ASB CEO on the company's half-year profit dropping by 11 percent

14 Feb 2024

Contributed by Lukas

ASB's CEO isn't surprised by today's reduced half-year profit. The bank has reported a 11 percent fall, due to slower lending, reduced margins and hig...

Ross Taylor: former Fletcher Building Chief Executive on resigning following significant financial losses

14 Feb 2024

Contributed by Lukas

Resignations by Fletcher Construction's two top players can be traced back to a single project. The company has reported a $120 million half-year loss...

Heather du Plessis-Allan: Mice and rats aren't Countdown's problem

14 Feb 2024

Contributed by Lukas

It is amazing, isn't it? How the story of one rat in a Dunedin supermarket has just blown up for Countdown. First, it was a photo of a couple of rats ...

Jamie Mackay: The Country host on Fonterra lifting their 2024 milk price forecast

13 Feb 2024

Contributed by Lukas

Fonterra has lifted their 2023-24 season forecast farmgate milk price to $7.80 per kilogram of milk solids. Chief executive Miles Hurrell claims the 3...

Pattrick Smellie: BusinessDesk managing editor on Fletcher Building CEO Ross Taylor's uncertain future with the company

13 Feb 2024

Contributed by Lukas

There are growing calls for Fletcher Building to make some leadership changes ahead of tomorrow's half-year result. The company has been placed in a t...

Oliver Mander: New Zealand Shareholders Association Chief Executive says Fletcher Building needs more than a new CEO

13 Feb 2024

Contributed by Lukas

There's a push for a shake up of the Fletcher Building board. The construction company is in a trading halt ahead of the release of its half-year resu...

Heather du Plessis-Allan: I'm expecting at least one resignation from Fletcher Building

13 Feb 2024

Contributed by Lukas

It looks almost certain that the CEO of Fletcher Building is gone. The company put the shares in a trading halt yesterday, and announced that Ross Tay...

Fran O'Sullivan: NZME business commentator on Nicola Willis and Chris Luxon making changes to public sector leadership

12 Feb 2024

Contributed by Lukas

Prime Minister Chris Luxon and Finance Minister Nicola Willis are planning to make some changes to public sector agencies. Speculation indicates they ...

Kelvin Davidson: CoreLogic economist on what the Reserve Bank's new debt-to-income lending rules mean for first home buyers

12 Feb 2024

Contributed by Lukas

Kiwis out to buy their first home may soon find that process a lot harder. Under the Reserve Bank's proposed new debt-to-income lending rules, it has ...

Kelvin Davidson: CoreLogic economist on what the Reserve Bank's new debt-to-income lending rules mean for first home buyers (2)

12 Feb 2024

Contributed by Lukas

Kiwis out to buy their first home may soon find that process a lot harder. Under the Reserve Bank's proposed new debt-to-income lending rules, it has ...

Kelvin Davidson: CoreLogic economist on what the Reserve Bank's new debt-to-income lending rules mean for first home buyers (1)

12 Feb 2024

Contributed by Lukas

Kiwis out to buy their first home may soon find that process a lot harder. Under the Reserve Bank's proposed new debt-to-income lending rules, it has ...

Anne Gibson: property editor on SkyCity being taken to court by the Department of Internal Affairs

12 Feb 2024

Contributed by Lukas

SkyCity could be forced to cough up millions for alleged breaches of legislation on money laundering. The Department of Internal Affairs is accusing S...

Nicola Willis: Finance Minister says trustee tax rate will increase to 39 percent from April 1

12 Feb 2024

Contributed by Lukas

The Finance Minister plans to implement a 39 percent trustee tax rate by April 1. This increase follows on from Labour's proposed plan for trustee tax...

Dr Ayalla Ruvio: Michigan State University researcher on the impact of Super Bowl advertising and the Taylor Swift effect

11 Feb 2024

Contributed by Lukas

Super Bowl LVIII is expected to start at 12:30 NZT, and advertisers have been ready for kickoff all year. Brands will be bringing in high-profile cele...

Melissa Davies: Christchurch entrepreneur launches 'Holdmine' app designed to make death easier on loved ones

10 Feb 2024

Contributed by Lukas

One Christchurch-based entrepreneur hopes her platform will hold information to make death easier on loved ones. 'Holdmine' allows users to store pers...

Dr Dougal Sutherland: Giving the mental health and safety of your business a warrant of fitness

10 Feb 2024

Contributed by Lukas

The start of a new year is often a good time to check in on how your business is going. Just like we’d take our car in for a WOF, it’s just as imp...

Sam Dickie: Fisher Funds senior portfolio manager recaps US quarterly results season

08 Feb 2024

Contributed by Lukas

The US quarterly results season is well underway, with 60 percent of companies reporting their results. The marker has been bullish overall- but there...

Jamie Mackay: The Country host on the strong results from the last Global Dairy Trade auction

08 Feb 2024

Contributed by Lukas

There's speculation higher farmgate milk prices are on the way following a strong GDT auction result. All of Fonterra’s main reference products rall...

Liam Dann: NZ Herald business editor at large on the state of China's economy

08 Feb 2024

Contributed by Lukas

Could the incoming Year of the Dragon bring more luck for China's struggling economy? Ahead of Chinese New Year, the nation's economy is still feeling...

Julian Benefield: Foodstuffs North Island general counsel says human element will play key role in facial recognition technology trial

08 Feb 2024

Contributed by Lukas

A human element will be key factor during Foodstuffs North Island's facial recognition technology trial. Up to 25 New World and Pak'nSave stores will ...

Brad Olsen: Infometrics Principal Economist on unemployment growing to 4 percent in the December quarter

07 Feb 2024

Contributed by Lukas

Increased unemployment figures are a sign of a stronger overall economy, claims one expert. Stats NZ figures show unemployment has crept up to 4 perce...

Jeremy Hutton: Milford Asset Management Equities Analyst on Fletcher Building's multi-million dollar loss and projected outlook

07 Feb 2024

Contributed by Lukas

Fletcher Building can expect a significant financial hit, after revealing they put another $180 million aside for repairs. Costs have blown out on two...

Jenee Tibshraeny: NZ Herald Wellington business editor on the Reserve Bank requesting more money to refurbish their cash vaults

07 Feb 2024

Contributed by Lukas

The Reserve Bank of New Zealand has requested more money from the Government to cover the cost of their vault refurbishments. NZ Herald Wellington bus...

Sam Stubbs: Simplicity managing director calls for Fletcher Building's board and management to be scrutinised following cost blowout

07 Feb 2024

Contributed by Lukas

Simplicity are calling for Fletcher Building's board and management to be scrutinised further. Fletcher's stock has dropped following a multi-million ...

Alan McDonald: Employers and Manufacturers Association Head of Advocacy says unemployment rate likely to rise more

07 Feb 2024

Contributed by Lukas

There's concerns the unemployment rate will rise more. Stats NZ released its labour market update for the December quarter today, with unemployment up...

Grant Swanepoel: Jarden Analyst on Fletcher Building's $180 million financial hit to two products

05 Feb 2024

Contributed by Lukas

Fletcher Building has delivered grim news of a $180 million dollar hit to accounts on two big projects. Costs for Auckland's International Convention ...

Barry Coates: Mindful Money founder and CEO on KiwiSaver providers turning towards ethical companies

05 Feb 2024

Contributed by Lukas

KiwiSaver providers are turning away from controversial companies, instead gravitating towards ethical ones. Data from Mindful Money shows several of ...

Sam Dickie: Fisher Funds senior portfolio manager on sports becoming a factor in the streaming wars

01 Feb 2024

Contributed by Lukas

The streaming wars have kicked up a notch, as sports have become the newest area for companies to stake their claims. Disney has struck an exclusive d...

Liam Dann: NZ Herald business editor at large weighs in on the minimum wage increase

01 Feb 2024

Contributed by Lukas

The minimum wage is set to go up by 45 cents to $23.15, starting April 1. This two percent increase will affect between 80,000 and 140,000 Kiwi worker...

Murray Olds: Australian correspondent on the growing public pressure for the RBA to cut interest rates

01 Feb 2024

Contributed by Lukas

There's growing hope across the ditch that the RBA will cut interest rates soon. Australia's Official Cash Rate is currently at 4.35 percent, with red...

Brooke van Velden: Workplace Relations Minister defends minimum wage increase and claims it strikes the right balance

01 Feb 2024

Contributed by Lukas

The Minister-in-charge says the Government is striking the right balance on lifting the minimum wage. It's rising two percent from April to $23.15 an ...

Mark Wolfenden: Woolworths Director of Digital and Loyalty defends latest Everyday Rewards scheme

01 Feb 2024

Contributed by Lukas

Woolworths have recently launched their Everyday Rewards scheme set to replace Onecards. This development comes as consumer advocates have voiced conc...

Gavin Grey: UK correspondent on post-Brexit controls on key imports from the EU kicking in

31 Jan 2024

Contributed by Lukas

Post-Brexit controls on food, plant and animal imports to Britain from the EU have recently come into force. Health certificates will now be required ...

Brad Olsen: Infometrics Principal Economist on the results from the latest ANZ Business Confidence survey

31 Jan 2024

Contributed by Lukas

ANZ has released their latest Business Confidence survey, creating a complicated picture for the economy. Business confidence rose 4 points to +37 in ...

Jenee Tibshraeny: NZ Herald Wellington business editor on National deciding not to scrap regime designed to protect customers

31 Jan 2024

Contributed by Lukas

The Government has decided against scrapping a new regime aimed at preventing banks, insurers and non-bank deposit takers from mistreating customers. ...

Katlyn Parker: Milford Asset Management analyst on whether rate cuts are on the cards for 2024

31 Jan 2024

Contributed by Lukas

The holidays have wound down and central banks are back in action- what can people expect for the new year? 2023 was dominated by rate hikes to curb r...

Mat Bolland: Air New Zealand Chief Corporate Affairs Officer on the company's report highlighting its significance to the country

31 Jan 2024

Contributed by Lukas

Air New Zealand has recently released a report designed to prove the company's economic significance to Aotearoa. The company claims it directly contr...

Paul Bloxham: HSBC chief economist on the Reserve Bank shutting down hope for an early rates cut

30 Jan 2024

Contributed by Lukas

The Reserve Bank has poured cold water over growing speculation for an early rates cut this year. In a webinar delivered to the public, RBNZ chief eco...

Jamie Mackay: The Country host on the current state of agri-business

30 Jan 2024

Contributed by Lukas

One leading accountant and agri-business advisor fears the current downturn in the rural sector may be the worst recorded in recent memory. Pita Alexa...

Pattrick Smellie: BusinessDesk managing editor predicts James Shaw could take over the Climate Change Commission

30 Jan 2024

Contributed by Lukas

One expert is predicting James Shaw's next career move following his departure from the Greens. Shaw announced he'll step back as party co-leader- but...

Tex Edwards: MonopolyWatch spokesperson on Woolworths slashing 70 percent of value from NZ supermarkets

29 Jan 2024

Contributed by Lukas

Woolworths is slashing the value of its New Zealand supermarkets by $2.3 billion to $700 million in a 70 percent decrease. The company blames a 'weake...

Sam Dickie: Fisher Funds senior portfolio manager on equity markets rising again

25 Jan 2024

Contributed by Lukas

Equity markets are enjoying a significant spike in the new year. International markets are soaring at an all-time high not seen since 2021- while the ...

Tim Grafton: Insurance Council chief executive on the cost of insurance going up significantly over the past year

25 Jan 2024

Contributed by Lukas

The cost of insurance is still stubbornly high, according to the latest data. Figures released by Stats NZ show that inflation is going down, but insu...

Matt Cowgill: Seek economist on the uptick in roles promising work-from-home arrangements

25 Jan 2024

Contributed by Lukas

A growing number of employers are trying to lure in new staff with work-from-home arrangements. Seek's latest data reveals around 10 percent of job ad...

Chris Small: ABC Business Sales Managing Director on the uptick in baby boomers selling their businesses

24 Jan 2024

Contributed by Lukas

Baby boomers are back in the business of selling their businesses.   Professional services network PwC says it’s seen an uptick in enquiries from o...

Brad Olsen: Infometrics principal economist responds to CPI inflation slowing down

24 Jan 2024

Contributed by Lukas

Annual inflation has slowed down in recent months, in line with predictions from economists. The Consumer Price Index rose 4.7 percent in the year to ...

Jenee Tibshraeny: NZ Herald Wellington business editor on what RBNZ debt-to-income restrictions mean for first home buyers

24 Jan 2024

Contributed by Lukas

Questions are being raised over what incoming restrictions from the Reserve Bank mean for first home buyers. The banking regulator proposed debt-to-in...

Jarrod Kerr: Kiwibank economist on the inflation rate dropping to 4.7 percent in the December quarter

24 Jan 2024

Contributed by Lukas

New Zealand has had its smallest annual inflation increase in two years. CPI rose 4.7 percent in the year to December- in line with the expectations ...

Pattrick Smellie: BusinessDesk managing editor on Australian company Santana Minerals revealing significant gold discovery in Otago

23 Jan 2024

Contributed by Lukas

Australian-owned company Santana Minerals has informed investors swathes of gold may be hidden under farmland in Central Otago. The 'Rise and Shine' s...

Jamie Mackay: The Country host on Zespri CEO Dan Mathieson stepping down from the role

23 Jan 2024

Contributed by Lukas

Zespri chief executive Dan Mathieson is stepping down from New Zealand's biggest kiwifruit exporter to pursue overseas opportunities. Mathieson has le...

Tony Alexander: independent economist on the Reserve Bank bringing in debt-to-income mortgage lending restrictions

23 Jan 2024

Contributed by Lukas

A potential silver lining for first home buyers in possible changes to lending rules. The Reserve Bank is proposing introducing debt to income ratios ...

Paul Spain: tech commentator questions the necessity of the Christchurch Call role designed to combat online extremism

23 Jan 2024

Contributed by Lukas

Whether Jacinda Ardern will continue as New Zealand's special envoy for the Christchurch Call - is still up in the air. The multilateral body brings t...

Stefan Vogel: Rabobank researcher says New Zealand exports likely to be affected by ongoing Gaza conflict

22 Jan 2024

Contributed by Lukas

New Zealand exports could profit from the ongoing conflict in the Red Sea. Freight continues to be redirected around Africa's Cape of Good Hope while ...

Steve Armitage: Hospitality NZ CEO on the data showing consumer confidence is on the rise

18 Dec 2023

Contributed by Lukas

Welcome news for businesses, as new data shows that consumer confidence is on the rise.  The latest Westpac McDermott Miller Index shows consumer con...

The Huddle: Was it a good idea for the Government to scrap the Interislander ferry project?

14 Dec 2023

Contributed by Lukas

Tonight on The Huddle, Jordan Williams from the Taxpayers' Union and Infrastructure NZ Chief Executive Nick Leggett joined in on discussion about the ...

Sam Dickie: Fisher Funds senior portfolio manager explains the impact of asset sales

14 Dec 2023

Contributed by Lukas

More local councils are turning to asset sales in order to balance their books. The Bay of Plenty Regional Council aims to sell off several majority ...

Liam Dann: NZ Herald business editor at large discusses today's 'surprising' GDP figures

14 Dec 2023

Contributed by Lukas

Today's Q3 GDP report caught several economists by surprise. GDP fell 0.3 per cent in the September quarter, lower than the predicted 0.2 or 0.3 perce...

Jason Walls: ZB political editor on Grant Robertson defending New Zealand's declining GDP

14 Dec 2023

Contributed by Lukas

New Zealand's former Finance Minister has stepped up to justify today's disappointing GDP results. GDP fell 0.3 percent in the three months to Septemb...

Stephen Toplis: BNZ economist on the worse-than-anticipated GDP results

14 Dec 2023

Contributed by Lukas

Weak economic growth is expected to continue a while. GDP fell 0.3 percent in the three months to September - a much worse result than forecast by mos...

Heather du Plessis-Allan: The GDP numbers confirm what we're all feeling

14 Dec 2023

Contributed by Lukas

It's fair to say that the GDP figures out this morning came as a shock- it's a lot weaker than economists were expecting. Economists were tending to f...

Liam Dann: NZ Herald Business Editor on the GDP figure falling by 0.3 percent

13 Dec 2023

Contributed by Lukas

Surprise at today's negative GDP figure. It fell 0.3% in the three months to September, a switch from a revised 0.5% increase for the three months to ...

Deborah Lambie: Milford Asset Management analyst on the increased use of robots in the workforce

13 Dec 2023

Contributed by Lukas

Technology continues to evolve and spill over into the world of work, allowing more robots to fit into modern workplaces. More companies have turned t...

Jenee Tibshraeny: NZ Herald Wellington business editor on New Zealand's account deficit remains stubbornly high

13 Dec 2023

Contributed by Lukas

New Zealand’s current account deficit remains stubbornly high, according to the latest data. A new report shows the country spent $30.6 billion more...

Peter Reidy: KiwiRail chief executive on Nicola Willis declining the company's request for further funding

13 Dec 2023

Contributed by Lukas

The deal's off - with two new mega-ferries for the Cook Strait no longer going ahead. KiwiRail has confirmed it will terminate a contract signed in 20...

Pierre van Heerden: Grocery Commissioner urges supermarkets to implement lower pricing amid surging Christmas demand

13 Dec 2023

Contributed by Lukas

The Grocery Commissioner is shining a spotlight on grocery prices this festive season. Pierre van Heerden is challenging supermarkets to implement Eve...

Paul Bloxham: HSBC chief economist on what to expect for the economy in 2024

12 Dec 2023

Contributed by Lukas

2023 is drawing to a close, and economists are predicting what lies ahead for the new year. New Zealand is still fighting a long, drawn-out battle wit...

Pattrick Smellie: BusinessDesk managing editor on the increasing number of local councils looking into asset sales

12 Dec 2023

Contributed by Lukas

More local councils appear to be drawn towards attempting asset sales. The Bay of Plenty Regional Council has begun the process of selling a chunk of ...

Fran O'Sullivan: NZME business commentator on Don Brash's warning about the second pillar of AUKUS

11 Dec 2023

Contributed by Lukas

Former politician and Reserve Bank Governor Don Brash has issued a warning about the second pillar of AUKUS. US lawmakers have struck a deal on the AU...

David McDonald: Being AI co-founder on being the first AI company to appear on the NZX

11 Dec 2023

Contributed by Lukas

Emerging AI company Being AI is set to become the first artificial intelligence-based business to appear on the NZX. Listed investors Ascension Capita...

Jason Walls: ZB political editor on the Government's plan to scrap fair pay agreements by Christmas

11 Dec 2023

Contributed by Lukas

The Prime Minister says scrapping Fair Pay Agreements and bringing in 90 day trials means more workers can be hired. FPAs - which triggers collective ...

Jamie Mackay: The Country host on Fonterra increasing their farmgate milk price forecast following strong opening result

07 Dec 2023

Contributed by Lukas

Fonterra has upgraded its milk price forecast and raised their full-year earnings forecast following an 85 percent lift in their first-quarter profit....

Liam Dann: NZ Herald business editor at large on the gap between the market and the Reserve Bank's views on the future of interest rates

07 Dec 2023

Contributed by Lukas

A big gap has opened up between the market and the Reserve Bank of New Zealand’s views of where interest rates are heading. The two-year swap rate -...