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Business headlines with summaries.
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Skellerup posts net profit of almost $47m
15 Aug 2024It was a strong second-half result and the company was "in good shape for the future", its chief executive says.
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'Home loan relief coming' after cash rate cut
15 Aug 2024Rate cuts on Wednesday are likely to be start of persistent shift down, commentators say. Audio
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'Leader no more': Climate advocate takes aim at Luxon, Air New Zealand
15 Aug 2024Sir Jonathon Porritt has also fired barbs at Air New Zealand saying "it's trashing its own reputation".
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Reserve Bank governor confident inflation will stay down
15 Aug 2024Adrian Orr says he's not hitting the accelerator just yet but people should expect the cash rate to hit 3 percent next year. Audio
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Tax warning for share traders
15 Aug 2024There are predictions that large numbers of traders may be potentially skipping tax bills - and they are now in the taxman's sights.
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OCR cut brings relief for home buyers and retailers
15 Aug 2024New Zealanders are being told yesterday's unexpected cut to the Official Cash Rate will provide some relief for those struggling with the cost of living crisis.
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Average asking prices for homes have dropped to a three-year low
15 Aug 2024The TradeMe Property Price Index fell to to $824,900 in July, the lowest since 2021.
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NZ's healthtech exports soar, but lag behind global peers
15 Aug 2024The value of healthtech exports has more than doubled in the past decade to $2.6 billion from $1.27b, but investment is lagging behind global peers.
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Reforms to make business safer and easier announced
15 Aug 2024Commerce and Consumer Affairs Minister Andrew Bayly says the Companies Act had not been substantially updated in 30 years and does not reflect the modern business environment.
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Banks cut mortgage rates minutes after OCR drops
14 Aug 2024The RBNZ has come through with its first cut in four years, and retail banks are following close behind.
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UK experts press case for offshore wind projects in Taranaki
14 Aug 2024Amid the challenges the energy sector is facing, a UK delegation has been talking wind in Taranaki.
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'Biggest flip-flop ever': Top economist slams Reserve Bank
14 Aug 2024The Reserve Bank cut the official cash rate to 5.25 percent. Audio
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How much do JobSeekers really get?
14 Aug 2024The country needs to move away from the rhetoric that people don't want to work, a researcher says.
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Why are some job ads so secretive?
14 Aug 2024An Auckland woman says she applied for a job she didn't mean to because the ad didn't reveal who was hiring.
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ASB Bank's run of record profits ends
14 Aug 2024The bank reported a 10 percent fall in its cash profit weak economy and housing market hit its lending and margins.
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2024 could turn out to be good year to buy a house - Corelogic
Affordability measures have improved, but it's still not easy to get into the property market.
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Approach by banks a 'major barrier' for housing, critical infrastructure
14 Aug 2024Master Builders say the industry is being held back by the ability to get finance for housing and major infrastructure developments like schools and hospitals.
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NZ's 'solar assets' attract overseas investors
14 Aug 2024The state-owned Green Investment Fund has raised $365m in capital from overseas private investors to fund solar power for New Zealand homes.
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Visa fee increases could cement tourism decline - airline industry
14 Aug 2024The Board of Airline Representatives is upset they weren't consulted on the move they say will reduce New Zealand's competitiveness as a destination. Audio
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Construction industry losing confidence over lack of govt work
14 Aug 2024The 2024 Construction Industry Survey - commissioned by Civil Contractors - found just one in five contractors have confidence in the outlook, which compared with a third last year.
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Supermarket staff not happy at request to wear Disney costumes
13 Aug 2024Staff have been rankled by suggestion they pay for costumes, but supermarket says it's voluntary.
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'The Caker' sells her business, and the name
"Here's to reinventing yourself at any age. Here's to calling it when you're satisfied you've given something literally everything you've got," Jordan Rondel wrote on social media.
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Country's biggest gas user shuts down plants until October
13 Aug 2024Methanex says the business will sell the gas to power companies. Audio
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'Energy fretting' becomes a year-round, national event
13 Aug 2024Analysis - For the second time in three months the whiff of panic has enveloped the country's power sector.
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