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Weekly Wrap: Watercare splash out, Māori economy, RMA reform

Sun, 30 Mar 2025

Weekly Wrap: Watercare splash out, Māori economy, RMA reform

Sun, 30 Mar 2025

Magazine man: The glorious reign of Graydon Carter

The inside story of editing ‘Vanity Fair’ for 25 years.

Book Review

Magazine man: The glorious reign of Graydon Carter

The inside story of editing ‘Vanity Fair’ for 25 years.

Nevil Gibson Sun, 30 Mar 2025

Guest Analysis

What’s all the fuss about the Waterloo IP policy?

ANALYSIS: Rather than change the current system of technology transfer offices, fund them better.

Guest Analysis

What’s all the fuss about the Waterloo IP policy?

ANALYSIS: Rather than change the current system of technology transfer offices, fund them better.

Greg Lynch Sun, 30 Mar 2025

Beehive Banter

RMA reform, boundary changes, crime, ferries, and supermarkets

ANALYSIS: Winston Peters promises to deliver new ferries ‘in full and on time’.

Beehive Banter

RMA reform, boundary changes, crime, ferries, and supermarkets

ANALYSIS: Winston Peters promises to deliver new ferries ‘in full and on time’.

Brent Edwards Sat, 29 Mar 2025

MARKET MOVEMENTS

Podcast #49: The stadium debate

Qantas to debut new A350-1000s on trans-Tasman routes

Guest Analysis

Grand challenges for future MBA degrees

Last Word

Nobody trusts anybody any more

Infrastructure

Auckland wastewater tunnel complete as borer breaks through

Investment

Seeka buys Olivado’s assets out of liquidation

Australia

Australia set for May 3 general election

Book Review

Magazine man: The glorious reign of Graydon Carter

Guest Analysis

What’s all the fuss about the Waterloo IP policy?

Weekly Wrap: Watercare splash out, Māori economy, RMA reform

Property

Eden Park 2.1 gets Auckland Council green light

Last Word

Nobody trusts anybody any more

Investment

Seeka buys Olivado’s assets out of liquidation

Hunter’s Corner

The would-be NZME emperor has no clothes

Politics

Govt: RMA reform legislation to standardise rules and cut costs

Shoeshine

Power to the people, or to the power companies?

Politics

FerryCo director appointment expedited by Treasury

Investment

‘Classic PR tactic’: E tū responds to Grenon’s open letter

Politics

Winston Peters attacks Labour in state of the nation speech

Consumers tip toe around economic uncertainty

Consumer confidence dropped this month as inflation expectations nudge above 4%.

General Business

West Coast gold mine raises equity ahead of IPO

Development West Coast takes a minority stake in the Snowy River project alongside founding investor AustralianSuper.

Te Ao Māori

Ngāti Pāhauwera top performer in iwi investment report

Hawke’s Bay iwi Ngāti Pāhauwera – from cyclone crisis to community revitalisation.

Private Bin

Wholesale garbage, Brown’s graffiti, Zollner zinger, NZME watch

Our weekly collection of news bites, hot takes, and gossip around the town.

Featured

Hunter’s Corner

The would-be NZME emperor has no clothes

ANALYSIS: Someone has to call it: the media business credentials of Jim Grenon and his associates seeking control of publisher and broadcaster NZME can be summed up in one word – zero.

The Grind

How Urgent Couriers is adapting to the loss of a major client

‘To be able to survive out of it feels almost liberating,’ founder Steve Bonnici says.

The Grind

How Urgent Couriers is adapting to the loss of a major client

‘To be able to survive out of it feels almost liberating,’ founder Steve Bonnici says.

General Business

Hamish Edwards to break ground on golf course ‘legacy project’

Xero co-founder and NBR Lister is entering construction phase of a $60m development near Levin.

General Business

Hamish Edwards to break ground on golf course ‘legacy project’

Xero co-founder and NBR Lister is entering construction phase of a $60m development near Levin.

General Business

Investment in startups bounces back

The latest Young Company Finance report shows total investment was up 34% for 2024 with a rebound in new deals.

General Business

Investment in startups bounces back

The latest Young Company Finance report shows total investment was up 34% for 2024 with a rebound in new deals.

Analysis

Edwards on Politics

Finding political consensus on RMA reform

ANALYSIS: The devil may be in the detail, but everyone agrees reform is needed.

Brent Edwards Thu, 27 Mar 2025

Underarm

Aussie budget springs surprise tax cuts in time for election

ANALYSIS: A spending spree has given the Australian Government fresh impetus for the May election.

Lachlan Colquhoun Wed, 26 Mar 2025

Margin Call

CoreWeave: Has the AI rose lost its bloom?

ANALYSIS: Make no mistake, the success or otherwise of CoreWeave’s proposed IPO is a big deal.

Tim Chesterfield Tue, 25 Mar 2025

Shoeshine

Power to the people, or to the power companies?

ANALYSIS: Changes to ensure more transparency over power prices are long overdue, as another crisis looms.

Karyn Scherer Mon, 24 Mar 2025

Investment

‘We don’t need to leverage off people’s misfortune’: CEO

New Zealand King Salmon doesn’t plan to take advantage of Tasmania’s salmon farm woes.

Kate McVicar Thu, 27 Mar 2025

KMD not worried about being dropped from key index

The listed retailer saw its half-year net loss after tax deepen to $20.7m, from $9.7m.

Kate McVicar Wed, 26 Mar 2025

Vital says Empire appealing over withdrawn takeover bid costs

Takeovers Panel determination earlier this month ordered Empire to reimburse NZX-listed Vital nearly $250,000.

Will Mace Mon, 24 Mar 2025

Economics

Employment confidence drops to pandemic 2020 levels

The latest survey indicates unemployment is nearing the peak, Westpac says.

Jonathan Mitchell Tue, 25 Mar 2025

No economic ‘hallelujah’ moment just yet, says ANZ

ANZ economist Henry Russell has a word of caution about the stronger than expected GDP data.

Jonathan Mitchell Fri, 21 Mar 2025

New Zealand economy exits deep recession with 0.7% expansion

The data is much better than expected but construction activity remains weak.

Jonathan Mitchell Thu, 20 Mar 2025

Politics

Treasury advised against giving Whakapapa Holdings more money

But the Government provided ongoing support to keep the Whakapapa ski field open.

Brent Edwards Wed, 26 Mar 2025

FIF ‘tax relief’ a step in the right direction for Govt

Dentons’ partner reckons bolder foreign investment fund action could be the golden ticket to long-term economic prosperity.

Jonathan Mitchell Wed, 26 Mar 2025

FerryCo director appointment expedited by Treasury

It reflected ministers’ wish to ‘proceed at pace with the procurement process’ for the interislander ferry project replacement.

Brent Edwards Tue, 25 Mar 2025

Te Ao Māori

Labour’s plan for growing the Māori economy

Labour’s first Māori Economy spokesperson outlines her vision for sustainable growth investment in Aotearoa’s booming Māori economy.

Mike McRoberts Thu, 27 Mar 2025

Drill baby drill: Iwi meet for groundbreaking geothermal plans

Resources Minister Shane Jones meets with iwi Māori to better harness an energy source deep beneath Aotearoa.

Mike McRoberts Fri, 21 Mar 2025

Iwi forge global alliances on back of infrastructure summit

Samsung and Hyundai among those who held meetings with iwi Māori for infrastructure push.

Mike McRoberts Fri, 21 Mar 2025

Infrastructure

How to get payback on investment in public infrastructure

Transport projects will require large subsidies to make them financially viable.

Brent Edwards Thu, 27 Mar 2025

Watercare to splash out $13.8b, water rates to spiral

Watercare’s debt facility will revert to a five-year loan term of $4.2b with the Auckland Council.

Brent Melville Wed, 26 Mar 2025

Govt rejects council ratings downgrades flowing on to LGFA

Simon Watts says the Local Government Funding Agency’s strong credit rating will act as a cushion for councils and their water CCOs.

Brent Edwards Tue, 25 Mar 2025

Australia

No price gouging in Aussie grocery sector, says ACCC

Australian competition regulator’s report finds grocery prices increased only marginally more than prices for other goods and services.

Lachlan Colquhoun Fri, 21 Mar 2025

Aussie growth delivers upside surprise

With an election imminent, the growth figures and the recent interest rate cut enable the Government to claim a soft landing for the economy.

Lachlan Colquhoun Wed, 05 Mar 2025

ASIC concerned about private market boom

Inevitable failures in the private credit market could make waves in public markets, Australia’s market regulator says.

Lachlan Colquhoun Thu, 27 Feb 2025

Tech & Innovation

Bontia Bio raises $1.25m to scale its animal flea treatment

In what’s being called a world first, Bontia Bio has developed a proprietary method of cloning and scaling the production of natural bioactive compounds that have a variety of uses.

Nicholas Pointon Wed, 26 Mar 2025

AWS’s new country head confident of cloud region launch this year

Manuel Bohnet has already led a cloud region launch as a high-level executive for the hyperscaler in Europe.

Will Mace Wed, 26 Mar 2025

Ubco owes creditors $36m

First receivers’ report says sale has advanced with one potential purchaser.

Hamish McNicol Tue, 25 Mar 2025

General Business

FMA looks to cut staff as costs exceed budget

The regulator claims the proposed job cuts will not affect front line services.

NBR Staff Fri, 28 Mar 2025

NZ exporter detained in Vietnam

New Image Group founder Graeme Clegg ‘not doing well’ after Vietnamese authorities block his departure.

Tim Hunter Thu, 27 Mar 2025

Government urged to help creative sector grow its exports

Annual exports for New Zealand's video game sector, for instance, exceed pharmaceuticals, iron and steel, and wood pulp.

Brent Edwards Thu, 27 Mar 2025

The NBR Podcast

Podcast #49: The stadium debate

LISTEN: Is it a case of national pride or sensible economic investment? Auckland Council is set to vote on whether we need a new national stadium.

Simon Shepherd Tue, 25 Mar 2025

Podcast #48: Airports vs airlines in the price hike blame game

LISTEN: Is flying getting too expensive and what’s behind that? The airlines and airports are blaming each other.

Simon Shepherd Tue, 18 Mar 2025

Podcast #47: Shock and Orr – views on RBNZ governor’s shock exit

LISTEN: After seven years of service, Adrian Orr was gone in a day. A podcast panel looks at his style, his record and the reasons for such a shock exit.

Simon Shepherd Tue, 11 Mar 2025

Finance

Westpac adds petrol stations in business banking push

Chief executive Catherine McGrath tells MPs Westpac is a ‘broad church’ that’s open for business.

Jonathan Mitchell Wed, 26 Mar 2025

Booster under FMA’s eye as new funds launch

The regulator, already suing Booster over alleged FMC Act breaches, says it is watching closely to ensure governance standards are upheld.

Tim Hunter Wed, 19 Mar 2025

Macquarie leads Kiwibank down competitive path

Australian investment adviser tasked with helping Kiwi Group Capital scale up in $500m capital play.

Jonathan Mitchell Mon, 10 Mar 2025

Law

Mainzeal liquidators file new legal action

Litigation funder LPF backing proceedings seeking further recovery for creditors.

Tim Hunter Thu, 27 Mar 2025

Du Val on the hook for $306m, statutory managers say

PwC say ongoing funding, interest and fees have upped the ante for the failed property developer by $68.8m, while its fees have come in at $1.6m so far.

Brent Melville Fri, 21 Mar 2025

FMA files criminal charges against David McEwen

The former financial adviser and Stockfox were subject to a permanent stop order in late 2023.

Hamish McNicol Tue, 18 Mar 2025

Professional Services

Andersen Global secures NZ presence with new Auckland member firm

Parnell-based business advisory Bellingham Wallace has been a collaborating partner of the network since 2022.

Hamish McNicol Mon, 17 Mar 2025

PwC confident of M&A revival after bottoming out in ’24

But Donald Trump’s US presidency could have a material influence on 2025 activity.

Hamish McNicol Mon, 03 Mar 2025

Disputes boutique Lindsay Francis & Mangan opens Sydney office

Move follows expansion into Singapore a year ago.

Hamish McNicol Fri, 28 Feb 2025

Primary Industries

Solving agriculture’s ‘pain point’

Two South Island entrepreneurs are developing a platform to connect farmers with business partners.

Tim Hunter Tue, 25 Mar 2025

Customers pay premium for low emissions, says Fonterra

Dairy co-op CEO highlights value of sustainability and free trade.

Tim Hunter Thu, 20 Mar 2025

Fonterra farmers in line for record payouts

Co-op rewards shareholders after strong first half.

NBR Staff Thu, 20 Mar 2025

Retail

Analysts estimate Ikea will generate $191m revenue in NZ

Incoming Swedish retailer expected to grab market share from existing players such as Briscoes, says Forsyth Barr.

Kate McVicar Tue, 18 Mar 2025

How Fashion Week is adapting to survive

Its new owner describes the 2023 event as ‘the best philanthropic event I’ve ever done’.

Kate McVicar Fri, 14 Mar 2025

‘People will get killed’: Corporate pushback on citizen’s arrests

Retail NZ claims most of its membership opposes the reforms announced today.

NBR Staff Wed, 26 Feb 2025

Property

Eden Park 2.1 gets Auckland Council green light

Stadium vote favours Eden Park 2.1 and throws spanner in an opposing plan for a new waterfront stadium precinct.

Brent Melville Fri, 28 Mar 2025

Govt to underwrite SPV greenfield financing, up to $100m a pop

Housing Minister Chris Bishop says it doesn't mean ‘endless sprawl’, but is about housing choice and letting economics dictate where growth happens.

Brent Melville Thu, 27 Mar 2025

JLL confirms closure of two NZ offices, 40 job losses signalled

Belt tightening and ‘centralised’ operations come in the wake of reduced deal flow across the commercial sector.

Brent Melville Thu, 27 Mar 2025

Deals

Craigs private equity deal gets shareholder, OIO approval

TA Associates stake worth more than $100m, still needs court sign off.

Simon Shepherd Fri, 21 Mar 2025

AgriZeroNZ invests $4.2m in Swedish methane-inhibiting tech

Agteria Biotech’s early trials reduced methane emissions by up to 70%.

Fiona Rotherham Wed, 12 Feb 2025

It’s a seller’s market for SME owners, says business broker

ABC’s latest quarterly report says demand is outstripping supply due to immigration and low interest rates.

Will Mace Fri, 07 Feb 2025

NBR Focus

Green shoots after Cyclone Gabrielle

WATCH: In this final story, NBR speaks with businesses about growth opportunities in Hawke’s Bay and overseas after Cyclone Gabrielle.

Jonathan Mitchell Fri, 22 Nov 2024

Will the emergency response be better next time?

WATCH: Emergency Management and Recovery Minister Mark Mitchell on why the emergency management system needs an overhaul.

Jonathan Mitchell Thu, 21 Nov 2024

Building resilience, spending millions on cyclone recovery

WATCH: Hawke’s Bay businesses are spending big to recover from Cyclone Gabrielle. Are they prepared for the next one?

Jonathan Mitchell Wed, 20 Nov 2024

Representing the 500 or so descendants of the former eastern Māori MP Wi Pere, the trust generates above-average returns from 7000 hectares of hill country and a relatively small 79ha horticulture unit.

NBR Staff Wed, 23 Oct 2024

Featured NBR Lister 2024: Sir Michael Hill

Earlier this year Sir Michael held a private golf tournament at his exclusive golf course, The Hills, to raise money for environmental conservation organisation Southern Lakes Sanctuary.

NBR Staff Tue, 22 Oct 2024