NBR | Independent business news, Finance, Investment, Tech, Law

Hot Topic PROPERTY

Wed 19 Aug 2026 10:28:24am

MARKET MOVEMENTS

Powered by:

VIEW MORE

close

Wed 19 Aug 2026 10:28:24am

MARKET MOVEMENTS

close

Top Story

Investment

Fletcher in ‘delicate negotiations’ over potential deal

A year after announcing a strategic review, the group remains tight-lipped on a deal for its residential & development division.

Tim Hunter Wed, 19 Aug 2026

Investment

Fletcher in ‘delicate negotiations’ over potential deal

A year after announcing a strategic review, the group remains tight-lipped on a deal for its residential & development division.

Tim Hunter Wed, 19 Aug 2026

Latest News

Market Close

Ebos, Fletcher earnings drive NZX 50 higher

Turners fell near a nine-month low after warning of tougher trading conditions.

Market Close

Ebos, Fletcher earnings drive NZX 50 higher

Turners fell near a nine-month low after warning of tougher trading conditions.

Curious News Wed, 19 Aug 2026

Tech & Innovation

Google outage affects users across New Zealand and Australia

The search giant says there is no workaround while engineers establish the root cause.

Tech & Innovation

Google outage affects users across New Zealand and Australia

The search giant says there is no workaround while engineers establish the root cause.

Simon Shepherd Wed, 19 Aug 2026

Te Ao Māori

The Tenths made whole

After more than 180 years, descendants of the original Te Tauihu landowners have seen Parliament pass a bill returning Nelson Tenths land, and compensation for land the Crown could not restore.

Te Ao Māori

The Tenths made whole

After more than 180 years, descendants of the original Te Tauihu landowners have seen Parliament pass a bill returning Nelson Tenths land, and compensation for land the Crown could not restore.

Mike McRoberts Wed, 19 Aug 2026

Quick Takes

Whole milk powder price up 3% at latest auction

Key export commodity whole milk powder has recorded a healthy bounce in price overnight. The latest global dairy auction results show the commodity rose 3% to US$3591 per metric tonne, after a flat result at the start of this month. The overall GDT index rose 2.3% to US$3873, with mixed results across the board. Price gains were also recorded for cheddar cheese, lactose, mozzarella, and skim milk powder. On the other hand, anhydrous milk fat, butter, and buttermilk powder all declined in price from the previous auction. Last month, Fonterra revised its forecast 2026/27 farmgate milk price to $9.25 per kg of milk solids, down from an opening forecast of $9.75 announced in May. Chief executive Richard Allen said the change to the forecast reflected softer-than-expected demand at a time of strong global supply.

Wed 19 Aug 2026 10:28:08am

MARKET MOVEMENTS

close

Listen to the NBR Podcast

Latest News

Most Popular

Most Commented

Law

Dispute trims back Queenstown Airport landed earnings

Primary Industries

Kiwi Crunch ‘may well have traded insolvently’, liquidator says

Investment

My Food Bag expects strategic review update by November

Investment

Ebos completes largest infrastructure investment in its history

Investment

Turners Auto bullish despite higher fuel prices

Underarm

Government bailouts: ‘pork barrelling’ or national sovereignty?

Investment

NZX appoints Hishaam Mirza new CEO

Primary Industries

Kiwi Crunch ‘may well have traded insolvently’, liquidator says

Te Ao Māori

The Tenths made whole

Investment

Fletcher back in the black

Retail

Constellation nets $28.3m from brand sales

Investment

Ebos completes largest infrastructure investment in its history

Edwards on Politics

Luxon wins second confidence vote as plotters can’t count

Te Ao Māori

Iwi-backed group buys Cardinal Logistics

Politically Speaking

National’s leadership woes, and Labour’s Opportunity

Last Word

Finding a fix for a decades-old capital markets problem

Hunter’s Corner

Contact’s magic numbers

General Business

DB Breweries boss draws ‘line in sand’ as loss sinks to $33.9m

Editor's picks

Investment

NZX appoints Hishaam Mirza new CEO

Appointment comes more than a year after Mark Peterson resigned and follows a global search.

Investment

Fletcher back in the black

Debt down but still no dividend.

Retail

Constellation nets $28.3m from brand sales

Earlier this year, the US wine giant offloaded eight wine labels to the Poulter family.

Investment

Mercury eyes further price rises

After passing on transmission and distribution costs, price rises due to energy would be no more than CPI, said CEO Stew Hamilton.

Featured

Local Edge

Get on with it: Otago pushes for an accommodation levy

Locals frustrated that ‘Wellington politics’ is getting in the way of a bed tax on tourists to help fund vital infrastructure upgrades.

Rich List

Featured Rich Lister: Rod Duke

Instead of increasing his stake in a KMD Brands capital raise, Rod Duke this year invested about $120m in a new distribution facility.

Rich List

Featured Rich Lister: Rod Duke

Instead of increasing his stake in a KMD Brands capital raise, Rod Duke this year invested about $120m in a new distribution facility.

Law

Jarden employees shouldn’t expect privacy on work devices: lawyer

Investment bank argues departed executives Schenone and Reynolds should be compelled to ‘deliver up’ all data from work devices, even personal messages.

Law

Jarden employees shouldn’t expect privacy on work devices: lawyer

Investment bank argues departed executives Schenone and Reynolds should be compelled to ‘deliver up’ all data from work devices, even personal messages.

Politics

Businesses call for more certainty on climate change policy

Frequent changes in policy are costly for business and can have a chilling effect on investment, report says.

Politics

Businesses call for more certainty on climate change policy

Frequent changes in policy are costly for business and can have a chilling effect on investment, report says.

Short videos

Politics

Opportunity aims to build momentum on ‘fertile ground’

0:00

Politics

NZ First’s mission to make NZ great again

0:00

Politically Speaking

‘Common sense call’ to pause on data centres

0:00

Politically Speaking

National Party changing their position

0:00

General Business

Mbie sharing appears ‘contrary to law’: Ombudsman

0:00

Rich List

The NBR Rich List: Editor’s Overview

0:00

Politically Speaking

Solar power policies

0:00

Politically Speaking

Reserve Bank lifts the OCR

0:00

Te Ao Māori

Tainui powers freight future

0:00

Politically Speaking

“People aren’t stupid... corporates are raking in record profits,”: Swarbrick

0:00

Politically Speaking

A plan to make KiwiSaver compulsory

0:00

Politically Speaking

“Diametrically opposed to the truth”: Stanford

0:00

Politically Speaking

Policy costings and reaction “AI slop”

0:00

The NBR Podcast

The NBR Rich List: 40th Anniversary Edition

0:00

Rich List

The NBR Rich List: Political donations

0:00

Rich List

The NBR Rich List: Owen Poland talks wealth

0:00

Rich List

The Women’s List 2026: importance of role models

0:00

Rich List

The NBR Rich List: Top 10 Countdown

0:00

Politically Speaking

Labour’s list and public transport policy

0:00

Politically Speaking

New Zealand's nuclear-free position

0:00

Read full story

Analysis

Margin Call

Circular financing causing AI investors anxiety

ANALYSIS: Nvidia has been at the centre of the circular nature of financing, flexing its balance sheet and cashflow to backstop the purchase of its own chips.

Tim Chesterfield Tue, 18 Aug 2026

Shoeshine

First $57m close of GD1 fund shows VC industry gaining momentum

ANALYSIS: Tracking how the Golden Visa scheme and a trickle of KiwiSaver funds are driving venture capital growth.

Fiona Rotherham Mon, 17 Aug 2026

Economy Matters

KiwiSaver scale deserves more attention than political theatre

ANALYSIS: It is politically remarkable that compulsory retirement saving has moved from a proposition rejected by 92% of voters to a mainstream election policy.

Christoph Schumacher Mon, 17 Aug 2026

Guest Analysis

The wealth transfer will test New Zealand’s investment habits

ANALYSIS: New Zealanders may inherit an estimated $1.6 trillion by 2050. Every transfer gives a new owner reason to reconsider the assets, managers, and advisers that came with it.

Joseph Darby Sun, 16 Aug 2026

Categories

Investment

NZX 50 outperforms Asia as A2 Milk bounces back

Retailers rally as Reserve Bank eyes payments system upgrade.

Curious News Tue, 18 Aug 2026

Mainfreight boss Braid slams ‘disappointing’ FMA decision

The listed logistics firm says it has been required to provide its statutory share register to an Australian commercial asset-recovery business.

Hamish McNicol Tue, 18 Aug 2026

Mercury reports record earnings

Abundant hydro generation boosts margins for the gentailer.

NBR Staff Tue, 18 Aug 2026

Economics

Trump’s America gets a rate hike reprieve, for now

WATCH: Kiwi business owner looking to enter US market blown away by size, scale, and resilience of world’s largest economy.

Jonathan Mitchell Tue, 04 Aug 2026

At-risk households still struggle to save

‘Savings accounts are too complicated, and they work in favour of the bank, not the customer,’ Kiwibank chief executive Steve Jurkovich says.

Jonathan Mitchell Thu, 23 Jul 2026

Kiwis working more, producing less than almost all peers: report

Much of the country’s economic debate follows from that, New Zealand Initiative executive director Dr Oliver Hartwich says.

Brent Edwards Wed, 22 Jul 2026

Politics

Bird hospitals raise alarm over readiness for bird flu

Wildlife hospitals say they need more funding to respond to an outbreak.

Brent Edwards Fri, 14 Aug 2026

Luxon sacks Penk after surviving leadership vote

An urgent meeting to resolve party leadership went for several hours this morning.

NBR Staff Wed, 12 Aug 2026

Opportunity aims to build momentum on ‘fertile ground’

The next few months will be intense, and the party has to keep focused, says leader Qiulae Wong.

Brent Edwards Wed, 12 Aug 2026

Te Ao Māori

Iwi-backed group buys Cardinal Logistics

Five iwi commercial entities and New Zealand family offices have bought the national logistics business as founder Tony Gorton exits.

Mike McRoberts Tue, 18 Aug 2026

AT’s bus safety trial tests Pou Manaaki strategy

Seventeen Pou Manaaki are putting a kaupapa Māori approach to public transport safety to a $568k test, with future funding and expansion on the line.

Mike McRoberts Fri, 14 Aug 2026

Ngāi Tahu salmon project gets fast-tracked

Fast-track approval could unlock more than $310m in annual sales, but the iwi-owned company will review the conditions before deciding its next step.

Mike McRoberts Mon, 10 Aug 2026

Primary Industries

Kiwi Crunch parent company avoids liquidation

A MyFarm fund called Korokipo Apple Limited Partnership had last month applied to liquidate the business.

Hamish McNicol Fri, 14 Aug 2026

Bumper season for avocado growers, Foodstuffs ruffles feathers

The Australian market will take record numbers of New Zealand fruit this season, to help it shore up demand amidst tight supply.

Brent Melville Tue, 11 Aug 2026

Kiwi Crunch entity owes creditors more than $53m

Crasborn Fresh Harvest went into liquidation in July, owing IRD more than $19m.

Hamish McNicol Mon, 10 Aug 2026

Australia

Braid says Mainfreight should’ve ‘been better’ after Asic penalty

The transport and logistics operator pays A$594,000 in infringement notices over late filing of financial documents.

Jonathan Mitchell Tue, 11 Aug 2026

Optus faces massive fine as Morrison comes calling

The Kiwi infrastructure investor is reportedly in discussions on leading a consortium to take 30% of Australia's second ranked telco, which is owned by Singtel.

Lachlan Colquhoun Thu, 30 Jul 2026

Another legal case for scandal-plagued WiseTech

The new case follows yesterday’s announcement that founder Richard White would step down as chair.

Lachlan Colquhoun Wed, 08 Jul 2026

Tech & Innovation

Pushpay boosts earnings, cashflow, as net loss narrows

The formerly dual-listed church payment and management software company was acquired for $1.63 billion in 2023.

NBR Staff Wed, 19 Aug 2026

Sterling raises $3.8m seed round for agentic AI accounting play

Kiwi founders harnessed Open AI agents to ease the burden on finance teams, including their wives, and attracted top tech investors.

Will Mace Fri, 14 Aug 2026

Aspiring Materials gets $15m to shore up NZ’s critical minerals

The Regional Infrastructure Fund money will help fund a commercial-scale critical minerals plant in Southland and will create about 200 full-time jobs.

Fiona Rotherham Wed, 12 Aug 2026

Law

Two-way street on medical incapacity in the workplace

A recent ERA case is a reminder to employers there is no magic number of weeks or months for terminating someone for medical incapacity.

Fiona Rotherham Tue, 18 Aug 2026

Former Sacred Hill boss pleads not guilty to fraud charges

The Serious Fraud Office alleges that Richard Foddy deliberately cooked the company's books to secure more bank lending.

Nicholas Pointon Tue, 11 Aug 2026

Lawyers will get ‘creative’ on claims by high-income earners

Matt Dearing says new rules ending dismissal protections for high-income earners will not lead to a reduction in litigation.

Fiona Rotherham Tue, 11 Aug 2026

Finance

Vittoria Shortt’s total pay moves over A$4m

But the long-standing ASB chief executive says it is not a pay rise, as she ponders additional costs on the industry.

Jonathan Mitchell Thu, 13 Aug 2026

Business lending growth lifts ASB revenue

The Aussie-owned bank recorded the strongest year for business lending growth in about a decade.

Jonathan Mitchell and Lachlan Colquhoun Wed, 12 Aug 2026

Taranaki residents to lodge injunction in bid to halt TSB merger

Lawyers are now drafting paperwork aimed to stop the proposed merger with Heartland from proceeding, after receiving a ‘disappointing’ response from TSB’s owner.

Jonathan Mitchell Mon, 03 Aug 2026

The NBR Podcast

Podcast #117: NZR CEO Steve Lancaster on not pleasing everyone

LISTEN: What’s it like to step into a job, watch a friend get sacked, chase tens of millions of dollars, and carry a nation’s hopes?

Simon Shepherd Tue, 18 Aug 2026

Podcast #116: Rob Morrison

LISTEN: The chair of Morrison talks global deals, NZ infrastructure woes, and why the data centre debate is missing some crucial facts.

Simon Shepherd Tue, 11 Aug 2026

Podcast #115: The property plunge

LISTEN: The housing market is staying down, so could this time really be different?

Simon Shepherd Tue, 04 Aug 2026

General Business

Tech knocked on Wall Street as bond markets keep groaning

OpenAI lays teen guardrails as Meta faces claims of exploiting kids.

Curious News Wed, 19 Aug 2026

PharmaZen sold to Aroma NZ as a ‘natural fit’

BNZ appointed receivers to PharmaZen, which trades as Waitaki Biosciences, in March.

Nicholas Pointon Wed, 19 Aug 2026

Bond markets groan as Brent crude climbs above US$90 a barrel

Alphabet eyes Australian money to fund AI ambitions.

Curious News Tue, 18 Aug 2026

Deals

Outlier Space raises US$7.35m for microgravity manufacturing pod

The Auckland-founded aerospace company is building a satellite capsule capable of carrying manufacturing payloads to space and back again.

Fiona Rotherham Wed, 29 Jul 2026

SMEs for sale to remain ‘tight’ until 2027 as demand stays high

ABC Business Sales’ latest quarterly report forecasts more stock will come to market next year.

Will Mace Tue, 28 Jul 2026

US food and agri investor takes bite of apple exporter Freshco

Freshco’s CEO describes the deal as a very positive transaction for Hawke’s Bay’s horticulture industry at an important time.

Kate McVicar Mon, 27 Jul 2026

Tourism

Marriott bumps presence with Queenstown, Christchurch expansion

World’s largest hotel operator ‘slow out of the blocks’ but is picking up pace and aiming to triple number of properties in the local market.

Brent Melville Tue, 18 Aug 2026

Bed taxes on the way, but make it one-size-fits-all, hotels say

Industry doesn’t want another Auckland-style targeted rate, which it labels the ‘world’s worst’ bed tax model.

Brent Melville Fri, 14 Aug 2026

Former House of Travel boss to chair All Blacks Experience

Mark O’Donnell will take over from Stewart Mitchell as the Ngāi Tahu Tourism and New Zealand Rugby joint venture targets further growth in premium tourism and corporate events.

Mike McRoberts Thu, 13 Aug 2026

Infrastructure

Govt orders business case on second Auckland harbour crossing

The Government doesn’t intend to repeat mistakes of earlier governments.

NBR Staff Mon, 17 Aug 2026

Lyttelton Port rolls out $821m expansion plan

The 388-metre wharf sign-off comes as the city scuttles a bid by DP World-led Tōnui consortium for a long-term lease of the port’s operations.

Brent Melville Mon, 17 Aug 2026

Auckland CRL to open on September 13

At $5.5b, the country’s most ambitious ever transport project has taken a decade to build.

Brent Melville Thu, 06 Aug 2026

Property

Quattro Alberts steps back from waterfront, bets on Midtown

The sale of two of its Viaduct office properties comes on the heels of its $230m deal for the heritage Bledisloe building.

Brent Melville Fri, 14 Aug 2026

Property plunge: Why it might be time for shares to shine

ANALYSIS: In the final of our five-part series, we examine whether the property market’s woes could prove to be a boon for capital markets.

Karyn Scherer Fri, 07 Aug 2026

Cooper and Co reworks $350m Britomart Central grand design

The ‘black box’ Pavilions site will be removed as early as November, with construction scheduled from about January, developer says.

Brent Melville Fri, 07 Aug 2026

Professional Services

KPMG partner gave colleague access to confidential documents

The parliamentary inquiry into the KPMG Australia whistleblower scandal continued in Canberra today with the grilling of former partners.

Lachlan Colquhoun Fri, 14 Aug 2026

M&A drops but private equity more active, PwC partner says

Regan Hoult says many funds are taking a longer-term view which creates more options for private businesses considering what’s next.

Hamish McNicol Thu, 13 Aug 2026

Barrenjoey strikes deal with Craigs following Jarden raid

Craigs corporate and institutional head Justin Queale becomes executive chair of Barrenjoey New Zealand.

Hamish McNicol Tue, 11 Aug 2026

NBR Focus

Property plunge: When whenua outlasts the cycle

ANALYSIS: In the fourth of our five-part series, we examine how iwi investors are working to a future measured in generations.

Mike McRoberts Thu, 06 Aug 2026

Property plunge: The ‘no longer wealthy’ effect

ANALYSIS: In the third of our five-part series, we examine how property prices affect the wider economy.

Karyn Scherer Wed, 05 Aug 2026

Property plunge: Commercial awaits upturn

ANALYSIS: In the second of NBR’s five-part series, we examine how the commercial sector is coping with a downturn in prices.

Brent Melville Tue, 04 Aug 2026

Retail

Personal touch pays off for women’s fashion retailer Preen

Tīmaru-based Preen is chasing more online growth nationwide through advertising and live fashion events.

Fiona Rotherham Mon, 03 Aug 2026

Country Road claws its way back to profitability

The restructuring is delivering results, but the company says the impact of the Iran war is hindering the retail environment.

Lachlan Colquhoun Fri, 31 Jul 2026

Blundy buys Bras N Things, sells down Victoria’s Secret

The US$490m purchase by the Australian billionaire correlates with a multi-million-dollar Victoria’s Secret cash-out.

Kate McVicar Fri, 31 Jul 2026

Luxury Property

Fantasy in Featherston, finding Eden, and a Bali ‘black book’

Historic Longwood estate hits the market near Martinborough, though it’s probably not on a golden visa buyer’s radar.

Brent Melville Wed, 29 Jul 2026

Albert St penthouse, golf links, or lakeside luxury

Auckland city’s $16m penthouse still comes in at less than the first completed home to hit the market at Te Arai Links.

Brent Melville Wed, 01 Jul 2026

Andersons Cove record, Arney’s back, Aussies eye NZ ‘tax haven’

Bream Tail Road estate is reputed to have fetched more than its $40 million asking price.

Brent Melville Wed, 27 May 2026

Aviation News

Vietjet joins international carriers at Western Sydney

Carry On: Qantas quits Jetstar Japan, London Heathrow toppled, new routes.

Nevil Gibson Sat, 15 Aug 2026

China tests high-altitude challenger to A320, B737

Carry On: Bangladesh’s Boeings, G700 beats Global 8000, new routes.

Nevil Gibson Sat, 08 Aug 2026

Qantas plans Melbourne Airport expansion as Sunrise jet visits

Carry On: New Iata chief, Emirates sells rail, new routes.

Nevil Gibson Sat, 01 Aug 2026

Energy

Vector boosts profit by 55%, but contributions on decline

The energy distributor says it spent $512m on network growth and will bump that up to more than $605m this year.

Brent Melville Tue, 18 Aug 2026

Capital raising under way for secretive biorefinery project

Consortium partners for the Marsden Pt project include Air NZ, ANZ Bank, and obscure US consultancy Seadra Energy.

Tim Hunter Thu, 06 Aug 2026

Ara Ake threatens to terminate repayable grants early

Some cleantech firms warn they could go under if the scrapped Government agency goes ahead with the move.

Fiona Rotherham Tue, 04 Aug 2026

Rich List

Featured Rich Lister: Cliff Cook

Cliff Cook’s LifeCare Residences business in London and Southampton had a £6.4m loss in 2025, which followed an after-tax profit in 2024.

Owen Poland Tue, 18 Aug 2026

Featured Rich Listers: Sir Brendan and Lady Jo Lindsay

Last year was a landmark year for the Lindsays after Brendan was made a Knight Companion of the New Zealand Order of Merit for services to business and philanthropy.

Simon Shepherd Mon, 17 Aug 2026

Featured Rich Listers: Kirkpatrick family

James Kirkpatrick has been developing a huge $1b South Auckland logistics hub.

Owen Poland Fri, 14 Aug 2026

Marketing & Media

MediaWorks radio sold to ASX-listed Sports Entertainment Group

Binding agreement signed at an enterprise value of $130 million for a stable of New Zealand's most popular radio stations.

Will Mace Wed, 12 Aug 2026

Stuff sells Petone printing plant to NZME

The media company said earlier this year it was closing the Wellington printing press as it consolidated print operations in Christchurch.

NBR Staff Fri, 07 Aug 2026

MediaWorks said to be up for sale as it gets back in the black

A report from across the Tasman says the radio broadcaster’s private equity owner is soliciting bids for the business.

NBR Staff Tue, 21 Apr 2026

Comings & Goings

New chief executive for Trade Me

Kul Singh Kargil is returning to New Zealand 25 years after he left.

Wed, 19 Aug 2026

Spark names Vince Hawksworth as new chair

Former Mercury CEO will take over from Justine Smyth a day before the company's AGM in November.

Will Mace Tue, 18 Aug 2026

GHD appoints regional GM – New Zealand Pacific

Andrew Jackson currently serves as operations manager for South Australia.

Mon, 17 Aug 2026