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Govt ponders intervention into flood insurance market
Any government intervention into residential insurance needs to avoid blunting market.
McBeth returns to BusinessDesk – ‘It’s great to be back’
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NZ Post says retail boom unlikely in 2023. Modified for Testing
Consumers will be less likely to 'spend big' compared with the past two years.
Reserve Bank stress test shows more bank capital is unnecessary
The costs of the additional capital the banks must hold could result in higher interest rates and lower economic growth.
Kāinga Ora's deficit more than doubles
The crown agency is facing a ballooning deficit and wage costs, and raised an extra $2.24 billion in the June 2022 financial year to fund its house-building ambitions.
Painted Bird Vintage is taking flight
A clever response to the pandemic has given this retro and vintage clothing.
Laybuy plans to delist from ASX in March
The local buy now, pay later firm is seeking shareholder approval to voluntarily delist.
On the money: Ralph Norris, Nick Grayston, Mark Troughear, Jenny Shipley and more
OTM this week: a massive incentive for The Warehouse boss Nick Grayston, with Wayne Brown, Mark Cairns, Jenny Shipley and more.
Pushpay investors ponder takeover as NZX50 marches on
Yield stocks such as Chorus and property investors led the market higher.
First Fair Pay Agreement on the way
Experts say we won’t see an FPA this side of the election.
Opinion
Trevor McKewen: Inside the NRL's battle plan to take on the All Blacks
The pressure on the All Blacks and New Zealand Rugby is about to intensify as a powerful cashed-up rival eyes the affections of NZ sports fans.
Paul McBeth: Building a property portfolio with Winton
Here's a way the Sharesies generation can get their fill of property.
Peter Griffin: Lessons from the death of a startup founder
Jake Millar didn’t get the guidance and support he needed to avoid this outcome, the roots of which went much deeper than embarrassing media coverage.
Aaron Martin: On the Money: Winston Peters, 2 Cheap Cars, Air NZ and more
On top of all of the existing complexities involved in hiring migrants, INZ now appears to be dictating the content of job advertisements and becoming prescriptive in their approach to the recruitment process.
'Abnormally high' number of upmarket homes sold
Aucklanders gravitated towards higher-priced houses last month
Business Advice
Sponsored by
BNZ is prioritising a sustainable and inclusive economy.
Sponsored: BNZ has refined their environmental policy with a multi-pronged approach for customers.
If your business is not lobbying these three groups, think again
Ministers, MPs or public servants? Understanding who to lobby on behalf of your business will pay dividends.
What next? Covid’s legacy will be workplace health management and eating pies
Workplaces will require additional health and safety measures post covid.
Investments to sustain the momentum of building in NZ
Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.
Investigations
Relief and recriminations: KiwiRail's Miller departs
Union and former staff welcome Greg Miller's resignation as a chance to reset.
Govt accused of 'dragging the chain' on KiwiRail chair
Unlikely allies National and a union are calling on the government to appoint a new KiwiRail chair.
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Auditor general worries about the future
In his 'audit of the auditor', John Ryan said there are too few auditors.
Christchurch's 'scaffolding' stadium design a cost saver
Cost-saving design measure prompts criticism, but further price escalations remain possible.
AoFrio increases revenue 18% in third quarter
The commercial refrigeration technology company reported revenue of $18.1 million.
Face the music: Eminem dispute pops up again
The dispute started after the election and has been reignited by a fresh court action.
RBNZ plans to have interim insurance solvency standard by Jan 2023
The interim solvency standard is needed to take account of changes to accounting standards on measuring insurance contracts.
Top Gainers
| Ampol | $39.800 | 8.74% |
| PGG Wrightson | $3.200 | 6.31% |
| Fletcher Building | $3.520 | 5.07% |
| My Food Bag | $0.148 | 4.96% |
| Kathmandu Holdings | $0.630 | 3.28% |
Top Decliners
| Move Logistics | $0.420 | -4.55% |
| Blackpearl | $0.450 | -4.26% |
| Michael Hill International | $0.820 | -3.53% |
| Cooks Ordinary Shares | $0.275 | -3.51% |
| Burger Fuel Group | $0.275 | -3.51% |
Top Gainers
| Fletcher Building | $3.190 | 5.00% |
| Mercury | $6.020 | 4.41% |
| Meridian | $5.220 | 4.11% |
| DGL Group | $1.015 | 3.94% |
| ikeGPS Group | $0.520 | 3.00% |
Top Decliners
| NEUREN PHARMACEUTICALS LIMITED | $17.700 | -14.71% |
| EROAD | $0.800 | -11.76% |
| NZME | $0.930 | -3.19% |
| Kathmandu Holdings | $0.525 | -2.54% |
| SkyCity Entertainment Group | $1.645 | -2.05% |
Technology
Sponsored by
Could Trade Window be the next Xero?
The trade software firm is the latest in a proud tradition of low revenue NZX listings that have gone on to succeed, according to Clare Capital.
Investments
Sponsored by
BusinessDesk podcasts
News you can listen to, from our newsroom. BusinessDesk podcasts lead the way for New Zealand digital audio coverage of business, the economy and investing.Our podcasts include the daily news roundup BusinessDesk Today, Frances Cook's wildly popular personal finance podcast a...
China registration 'not certain': A2 Milk's regulatory risk
Yili and Junlebao were the first companies to be granted infant formula registrations under the new standards.
Radio NZ regains listeners in latest survey
The state broadcaster saw weekly listeners jump to 626,700 in the latest GfK survey.
Bridges gets bridges to calm troubled caucus
Christopher Luxon's first shadow Cabinet appointment gives the plum economic policy role to his rival this week for the top job.
Morningstar picks Spark as omicron refuge
Spark’s share price spiked more than 5% early this week as investors reacted to news of the variant, but it had been trending down, sliding more than 10% in the past three months.
The Life
3 Call me Bond – Aston Martin and Ford Mustang-inspired luxury watches
Demand for luxury chronograph watches is high, but are they just for show-offs?
Held to ransom – think your business is safe from cybercrime? Think again
Ransomware attacks are on the rise and yielding big payouts for cyber criminals. “It’s all about the dollars . . . as long as it is lucrative, they will keep finding better ways to do it.”
Sponsored: The all-new Haval H6 – affordable luxury for a refined ride
With a four-cylinder turbo-charged engine and a lightweight, modular platform, Haval's new H6 SUV range has style and substance.
All things being unequal – author Max Rashbrooke on class, wealth and poverty in NZ
In his new book Too Much Money, Max Rashbrooke takes aim at the growing wealth and class divide in this country: "It is a classic case of people wanting something to be done about the issue but not necessarily being willing to sacrifice a lot to have it done."
Markets
AoFrio increases revenue 18% in third quarter
The commercial refrigeration technology company reported revenue of $18.1 million.
Property
Wellington Airport profit more than triples
In the first half of last year, it posted a profit of $2.9m.
Law & Regulation
First Fair Pay Agreement on the way
Experts say we won’t see an FPA this side of the election.
Energy
Evnex expands EV charging business into Australia
Australia's rapidly growing EV market is proving to be fertile ground for NZ smart-charger manufacturer Evnex, which only sold its first unit there last month.
Primary Sector
McBeth returns to BusinessDesk – ‘It’s great to be back’
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Sustainable finance
A weaker yuan spells pain for NZ exporters
China’s buying power is key for NZ given it took $21 billion of its merchandise.
Public sector
Auditor general worries about the future
In his 'audit of the auditor', John Ryan said there are too few auditors.
Media
McBeth returns to BusinessDesk – ‘It’s great to be back’
Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Infrastructure
Kāinga Ora's deficit more than doubles
The crown agency is facing a ballooning deficit and wage costs, and raised an extra $2.24 billion in the June 2022 financial year to fund its house-building ambitions.