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Business headlines with summaries.
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Have we hit 'peak bad' for the economy?
30 Aug 2024How can businesses be feeling so positive? Commentators say it may be because things just can't get worse.
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Power companies 'failed' to plan ahead - economist
30 Aug 2024And forestry manufacturers say there's been progress in talks with government over the current energy crisis. Audio
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TVNZ posts $85 million loss and a $39m drop in revenue
30 Aug 2024TVNZ has posted a large full-year loss as advertising revenue fell and it wrote down the value of assets while signalling more cost cutting. The state owned broadcaster reported a...
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Garlic grower accused of smear campaign against smaller producers
Te Mata Garlic's Chris Morrison is facing allegations of scaremongering by falsely claiming to have been tasked by the Ministry for Primary Industries and other industry bodies to compile data on…
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Dairy company fined $420k over '100 per cent Pure NZ' claim
Milkio Foods Limited had descriptions like '100 per cent Pure New Zealand' - despite using butter from India.
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'Keep the lights on': Community rallies over mills threat
27 Aug 2024The mill, which employs 230 people across two sites in the central North Island, announced it was closing due to high electricity prices.
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Cafe suffers 'worst sales day ever' as job cuts bite
31 Aug 2024Cafe owners say the crunch is worse than during Covid, making it "near impossible" to turn a profit.
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Dunedin cobbler seeks owners of unclaimed shoes before he shuts up shop
30 Aug 2024One pair of boots languished at Greg Fox's shop for four years before the owner came to collect. Audio
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Consumer confidence rises for second month but still subdued
30 Aug 2024Households continued to feel subdued about current conditions, but were more optimistic when looking further ahead.
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Air NZ's plummeting profits due to 'a few headwinds' - CEO
29 Aug 2024The national carrier's net profit for the financial year is down 65 percent to $146 million. Audio
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Carbon saved by NZ Steel's new furnace upped to 1 million tonnes a year
29 Aug 2024NZ Steel says the government's up to $140 million investment in its electric furnace should repay itself in about three years.
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Business confidence rises as interest rates fall
29 Aug 2024But one economist says it is too soon to say whether the burst of euphoria would last and flow into business decisions.
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Winstone, Mercury at loggerheads over mill closures
Ministers have been meeting major energy users to discuss how the government could help businesses struggling due to high wholesale power prices. Audio
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Meridian Energy puts planned green hydrogen facility on hold
29 Aug 2024Meridian chief executive Neal Barclay said the economics of producing green hydrogen at scale had become more challenging.
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What do New Zealand's influencers really earn?
29 Aug 2024New data shows they're not Tiktoking their way to riches.
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Meridian Energy boss denies profiteering after $429m profit
29 Aug 2024The chief executive says Minister Shane Jones is wrong and they've been investing in business despite paying out millions in dividends. Audio
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Is the heat about to go on Fonterra over farming on drained peat?
29 Aug 2024Government officials have been quietly exploring how much carbon dioxide could be saved if the country reflooded its peat soils.
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Air NZ profit drops by two thirds to $146m
29 Aug 2024The drop compared to a $412 million profit last year, while underlying profit was in line with guidance in May.
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Nvidia fails to impress growth-hungry investors, shares fall
29 Aug 2024Investors have driven a dizzying rally in its stock as they bet billions on the future of generative AI.
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Drop in demand from China a factor in Comvita $77m loss
The loss of a major customer in North America has also affected the honey producer's performance.
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'Higher income' doesn't mean much - financial coach
29 Aug 2024Higher-income families would usually qualify for less government support and the support available for those with only one child cut out at relatively low income levels, a financial coach says.
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'Mum and Dad' property investors dipping toes back in: Corelogic
Interest rates will soon get to the level where it makes more sense, research firm says.
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People 'already moving out of town' as mills look to close operations
28 Aug 2024The proposed closures are already hurting the local economy in Raetihi. There's hope the government might intervene. Audio
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Why the tourism body is against hiking visitor fees
29 Aug 2024Hundreds of millions of dollars are at risk if the international visitor levy is hiked to $100, Tourism Industry Aotearoa claims.
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