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Mon 14 Sep 2026 02:59:10am

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Mon 14 Sep 2026 02:59:10am

MARKET MOVEMENTS

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Energy

Lodestone taps investor interest in IPO

Initial public offering on the NZX would follow capital raises of $650 million over the past five years.

Brent Melville Mon, 14 Sep 2026

Energy

Lodestone taps investor interest in IPO

Initial public offering on the NZX would follow capital raises of $650 million over the past five years.

Brent Melville Mon, 14 Sep 2026

Latest News

General Business

Dasset collapse to be referred to Companies Office watchdog

The Serious Fraud Office closed its probe into the company last week, determining there was ‘insufficient evidence’ to support charges of complex fraud.

General Business

Dasset collapse to be referred to Companies Office watchdog

The Serious Fraud Office closed its probe into the company last week, determining there was ‘insufficient evidence’ to support charges of complex fraud.

Nicholas Pointon Mon, 14 Sep 2026

Shoeshine

A moment of silence for Bremworth’s small shareholders

ANALYSIS: Listed carpetmaker’s small shareholders have little choice but to share in David Ferrier’s dream.

Shoeshine

A moment of silence for Bremworth’s small shareholders

ANALYSIS: Listed carpetmaker’s small shareholders have little choice but to share in David Ferrier’s dream.

Nicholas Pointon Mon, 14 Sep 2026

General Business

More of Whimp’s Chance Voight companies enter liquidation

Another 23 entities have been added to the six being liquidated by Teneo after the FMA’s application was confirmed by the High Court.

General Business

More of Whimp’s Chance Voight companies enter liquidation

Another 23 entities have been added to the six being liquidated by Teneo after the FMA’s application was confirmed by the High Court.

Will Mace Mon, 14 Sep 2026

Quick Takes

Fresh numbers reinforce patchy New Zealand economic recovery

New Zealand’s services sector points to a fragile recovery, as new business orders keep the dial on expansion.
The BNZ-BusinessNZ Performance of Services Index, out today, rose to 51.2 in August, compared with 50.6 in July. A reading over 50 indicated the sector was in growth territory.
However, three of the five sub-indicators were below 50, including employment and supplier deliveries, while new orders reached 55.2.
The data reinforces a patchy economic recovery, with agriculture and tourism giving the economy some early momentum.
Statistics NZ data today showed an annual net migration gain of 20,300 people in the year ended July, compared with a gain of 9600 in the previous year.
Meanwhile, overseas visitor arrivals were 256,600 in the month of July, up 20,100 on July last year.
Stats NZ publishes June-quarter GDP data on Thursday, with economists expecting marginal quarterly growth because of the Iran conflict and pressure on oil and fuel prices.

Mon 14 Sep 2026 02:54:20am

MARKET MOVEMENTS

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Tech & Innovation

Cleantech company Hydroxsys tips into voluntary administration

NBR Focus

Arguments for and against a four-year parliamentary term

Economy Matters

Adjusting OCR never going to fix supermarket checkout pressure

General Business

Investing in good people secret to Cooke Group’s 100-year success

Infrastructure

The missing Link: delays a ‘soft sell’ for project cancellation

Your Business

Making Our House your ‘home away from home’

Shoeshine

A moment of silence for Bremworth’s small shareholders

Rich List

Featured Rich Lister: Greg Tomlinson

Economy Matters

Adjusting OCR never going to fix supermarket checkout pressure

Energy

Lodestone taps investor interest in IPO

Infrastructure

The missing Link: delays a ‘soft sell’ for project cancellation

General Business

Investing in good people secret to Cooke Group’s 100-year success

Tourism

No bed tax, no All Black tests, Wayne Brown says

NBR Focus

Energy: Divided over gentailer separation

NBR Focus

What’s behind the call for a Minister of Startups

Economy Matters

Adjusting OCR never going to fix supermarket checkout pressure

Politics

Labour proposes to establish an office of artificial intelligence

Energy

K1W1-backed home battery system hits commercial launch

Editor's picks

Market Outlook

Busy week for central banks as Fed leans towards hike

High oil prices, increasing bond yields, and resilient economic activity may force Kevin Warsh and his committee’s hand.

Investment

ComCom ‘not satisfied’ T&G Fresh buyout won’t hinder competition

The regulatory agency continues to investigate the potential effects of the proposed acquisition.

Property

Local government wants to press snooze button on fast-track

The process is neglecting cost-recovery on large housing projects, while ministerial referrals are running rough shod over prior council decisions, LGNZ claims.

Politics

Labour promises a boost for KiwiSaver

It says National cannot be trusted with KiwiSaver.

Featured

Rich List

Featured Rich Lister: Greg Tomlinson

A pioneer of Marlborough’s mussel industry, Tomlinson has owned and managed various businesses since he was 18.

Energy

Lightforce seeks recovery from bust UK battery supplier

Former UK market leader leaves New Zealand solar firm in the lurch.

Energy

Lightforce seeks recovery from bust UK battery supplier

Former UK market leader leaves New Zealand solar firm in the lurch.

NBR Focus

Caught in limbo: fisheries amendments dangle on votes cast

Governing Interest: The Fisheries Amendment Bill was put on ice until after the election, but a future Government may kill it altogether.

NBR Focus

Caught in limbo: fisheries amendments dangle on votes cast

Governing Interest: The Fisheries Amendment Bill was put on ice until after the election, but a future Government may kill it altogether.

Private Bin

Ryman decline, KMD waves, Kerr chess, political hallucination

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

Private Bin

Ryman decline, KMD waves, Kerr chess, political hallucination

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

Short videos

NBR Focus

Sir Ian Taylor on innovation and the election

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Dollars & Sense

Debating the health of the UK economy

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Te Ao Māori

The Tenths made whole

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Economics

RBNZ should hike one more time in this cycle, Citi says

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Politics

Green Party’s campaign to get the nastiness out of politics

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Politics

Opportunity aims to build momentum on ‘fertile ground’

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Politics

NZ First’s mission to make NZ great again

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Politically Speaking

‘Common sense call’ to pause on data centres

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Politically Speaking

National Party changing their position

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General Business

Mbie sharing appears ‘contrary to law’: Ombudsman

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Rich List

The NBR Rich List: Editor’s Overview

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Politically Speaking

Solar power policies

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Politically Speaking

Reserve Bank lifts the OCR

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Te Ao Māori

Tainui powers freight future

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Politically Speaking

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

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Politically Speaking

A plan to make KiwiSaver compulsory

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Politically Speaking

“Diametrically opposed to the truth”: Stanford

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Politically Speaking

Policy costings and reaction “AI slop”

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The NBR Podcast

The NBR Rich List: 40th Anniversary Edition

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Rich List

The NBR Rich List: Political donations

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Analysis

Book Review

One man’s optimism for South Africa

Journalist and editor’s memoir of 50 years working at the coalface of change.

Nevil Gibson Sun, 13 Sep 2026

Politically Speaking

KiwiMart, NZ Super and immigration, and the tax argument

ANALYSIS: Despite getting a rap over the knuckles from the Advertising Standards Authority, National won’t ease up on its attacks on Labour’s tax policy.

Brent Edwards Sat, 12 Sep 2026

Hunter’s Corner

The significance of one-off items

ANALYSIS: Fletcher Building’s latest remuneration report shows further concern to align executive pay with shareholder performance, but is it really worth it?

Tim Hunter Fri, 11 Sep 2026

Edwards on Politics

National focuses on voters’ worries about today

ANALYSIS: It says Labour’s plans for the ETS would cost households more.

Brent Edwards Thu, 10 Sep 2026

Categories

Investment

Oil prices, bond yields stoke more inflation fears

Equites have been out of favour as bond yields rise.

Will Mace Sat, 12 Sep 2026

NZX 50 posts biggest weekly slide since 2022

September is traditionally a rocky month for stock markets.

Curious News Fri, 11 Sep 2026

NZX 50 joins global rout as oil prices remain elevated

Spark, Sky TV and Freightways went ex-dividend today.

Curious News Thu, 10 Sep 2026

Economics

Iran conflict tipped to drag NZ economy to near zero

But next week’s June-quarter GDP data could surprise to the upside, according to revised economist expectations.

Jonathan Mitchell Fri, 11 Sep 2026

Inflation target of 2% provides ‘credibility’ for central banks

Federal Reserve rate hike call grows louder for this month as inflation stays over desired 2% level.

Jonathan Mitchell Wed, 09 Sep 2026

UK firms in better spirits about economy after ‘Burnham bounce’

However, the trade outlook uncertain as Nigel Farage builds momentum with voters.

Jonathan Mitchell Tue, 08 Sep 2026

Politics

Tax advisers praise Govt moves to simplify fringe benefit tax

The new Tax Bill should receive broad political support and improve foundations for economic growth and productivity, experts say.

Jonathan Mitchell Fri, 11 Sep 2026

Prudential levy consultation continues despite ‘no new taxes’

The Government says it is not a new tax on industry as the proposed levy was announced in the May Budget.

Jonathan Mitchell Thu, 10 Sep 2026

Labour proposes to establish an office of artificial intelligence

The party has released its AI policy which aims to protect small businesses and community organisations from digital harm.

NBR Staff Wed, 09 Sep 2026

Te Ao Māori

Insurance gaps leave Māori assets exposed

New FMA research says cost, unsuitable products and valuation methods are leaving marae exposed and holding back Māori development.

Mike McRoberts Tue, 25 Aug 2026

Tātau Tātau buys struggling Zeffer cider business for $2.25m

The Te Wairoa iwi commercial arm is moving beyond orchards and packing into beverage processing and branded products.

Mike McRoberts Fri, 21 Aug 2026

Tiki Wines puts proof behind kaitiakitanga

Māori-owned Tiki Wine & Vineyards has become the first New Zealand vineyard and winery certified regenerative by A Greener World, after a six-year shift in how it farms.

Mike McRoberts Thu, 20 Aug 2026

Primary Industries

Springbank Honey and related entity owe nearly $22m

Receivers reviewing discrepancies between the provided records and the stock located, at the failed Canterbury beekeeping and honey operation.

Kate McVicar Tue, 08 Sep 2026

Growers ‘nervous’ about T&G Fresh transaction

The New Zealand Vegetable Council described the proposed sale as a ‘sensitive topic’ for growers.

Kate McVicar Thu, 03 Sep 2026

Kiwi Crunch liquidator has long-standing links to Wade Glass

The professional body for insolvency practitioners says anyone with concerns can lay a complaint.

Karyn Scherer Mon, 24 Aug 2026

Australia

Corporate Travel shares dive 80% on relisting

The ASX-listed company owes New Zealand entities about A$13m as part of its overcharging and accounting scandal.

Lachlan Colquhoun Thu, 03 Sep 2026

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

Tech & Innovation

First Table raises $12m to accelerate international growth

The restaurant booking platform has seated more than five million diners since inception in 2014.

Fiona Rotherham Fri, 11 Sep 2026

Upping the Antioch: Kiwi-founded physical AI startup’s $54m round

Harry Mellsop’s New York-based company now has links with Amazon, Nvidia, Palantir, and Greylock Partners.

Will Mace Wed, 09 Sep 2026

Founder pay rises 8%; gender gap widens to 30%

The NZ Founder Pay Report 2026 shows it takes tech founders an average 34 months to get on the payroll.

Fiona Rotherham Wed, 09 Sep 2026

Law

Vexed question of medicinal cannabis and workplace drug testing

LegalVision senior associate Ruby Hollinshead says a rigid approach won’t work for employers.

Fiona Rotherham Tue, 08 Sep 2026

Insurer looks to clawback $4.5m from Huljich for insider trading

Case relates to Peter Huljich’s conviction two years ago, with defence costs paid up front under the terms of an AIG directors and officers’ liability policy.

Brent Melville Tue, 01 Sep 2026

Why New Zealand should expect to see more class actions

McElroys partner Andrew Colgan says litigation funders are looking to piggyback off increased regulatory action against consumer businesses.

Hamish McNicol Tue, 01 Sep 2026

Finance

Partners Life acquires Fidelity Life in $630m deal

NZ Super owned nearly 50% of Fidelity, with Ngāi Tahu a 25% shareholder.

NBR Staff Thu, 03 Sep 2026

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

The NBR Podcast

Podcast #120: Reserve Bank Governor Anna Breman

LISTEN: The economy has tightened so the Reserve Bank hikes the cash rate – why?

Simon Shepherd Tue, 08 Sep 2026

Podcast #119: Election 2026 – Saving for the future

LISTEN: There’s a political push to make KiwiSaver compulsory, like the Aussies have. Should we?

Simon Shepherd Tue, 01 Sep 2026

Podcast #118: The Lawyers 2026

LISTEN: It’s the second NBR series focusing on our legal industry – and it’s doing okay!

Simon Shepherd Tue, 25 Aug 2026

General Business

OpenAI pushes out IPO as AI leaders get nervous

Central bank meetings come into focus this week.

Curious News Mon, 14 Sep 2026

Oil surge keeps markets uneasy as ECB hikes with hawkish tilt

Anthropic accuses Moonshot of using Claude.

Curious News Fri, 11 Sep 2026

Quick Takes of the Week to September 11

In case you missed it: News bites for the week.

NBR Staff Fri, 11 Sep 2026

Deals

Enagain raises $2.5m to scale renewable natural gas technology

New Zealand’s natural gas supply is declining, leading to rising prices and tighter market conditions.

Fiona Rotherham Thu, 03 Sep 2026

Vessev raises $32m Series A as Lake Tahoe hails hydrofoils

Blackbird Ventures leads fresh funding round as Kiwi-made electric hydrofoiling ferries eye US market expansion.

Will Mace Fri, 21 Aug 2026

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

Tourism

CP Group adds three more Marriott hotels to its roster

The deal marks further expansion for the wealthy Pandey family’s growing hotel portfolio, with new properties in Auckland, Rotorua, and Wellington.

Brent Melville Thu, 10 Sep 2026

No bed tax, no All Black tests, Wayne Brown says

The Auckland mayor is one of several local authority heads posturing for an accommodation levy to help pay for destination marketing.

Brent Melville Thu, 10 Sep 2026

Rental ‘engine’ helps drive $54m THL turnaround

Tourism multinational expects a resolution on two competing bids for the business by early October.

Brent Melville Tue, 25 Aug 2026

Infrastructure

Civil construction inflation to hit 6%, on oil price shocks

The sector, meanwhile, has had ‘glaringly’ low productivity relative to the rest of the construction sector in recent history.

Brent Melville Fri, 04 Sep 2026

Watercare growth charges surge, revenue hits $1.29b

Water utility finds itself flush with cash, after a windfall year for connection charges and no longer paying income tax.

Brent Melville Fri, 04 Sep 2026

StraitNZ books higher annual revenue, net profit jump

The Bluebridge ferry operator had total revenue of $294.4m in the year ended March 31.

NBR Staff Fri, 28 Aug 2026

Property

Council signs ‘largest’ lease at 99 Albert, as AT moves in-house

The council and AT will take nine floors on a 14-year term, in what the landlord describes as the biggest leasing transaction in the city in 18 months.

Brent Melville Sat, 12 Sep 2026

Chris Meehan resigns as director of Winton Land

Departure comes amid a board-led rebellion against the company’s founder and controlling shareholder.

Brent Melville Fri, 11 Sep 2026

Canadian firm paid $7.4m to salvage NZ Build Group, 250 jobs

The IRD brought 119 winding up applications against companies last month, its highest August total on record.

Brent Melville Wed, 09 Sep 2026

Professional Services

Findex appoints NZ head, on track to crack $100m revenue

Brent Matuschka has been given an expanded role as the financial advisory and accounting services firm looks to accelerate.

Hamish McNicol Fri, 11 Sep 2026

Accounting firm Greenhawk acquired by Singapore tech company

The 22-person firm was founded in 2015 and advises more than 1000 clients from its offices in Auckland and Wānaka.

Hamish McNicol Mon, 07 Sep 2026

KPMG Australia slashes jobs as scandal bites into earnings

‘We recognise the challenges created by our own failings, and the work we must continue to do to rebuild trust,’ CEO says.

Kate McVicar Mon, 24 Aug 2026

NBR Focus

Energy: Divided over gentailer separation

Governing Interest: Despite common concern about the price of electricity, political parties diverge on the remedies.

Tim Hunter Thu, 10 Sep 2026

Policy stability tops manufacturers’ election wish list

Governing Interest: There’s been a major suite of reforms in recent years. The last thing manufacturers want to see is for that to be repealed and replaced.

Nicholas Pointon Wed, 09 Sep 2026

What’s behind the call for a Minister of Startups

Governing Interest: There’s been a lack of focus on innovation in the roll-out of election policies by the major parties.

Fiona Rotherham Tue, 08 Sep 2026

Retail

Queens Arcade reopening pushed out to early next year

The central city shopping precinct backed by former Rich Listers closed earlier this year for a $5m renovation.

Kate McVicar Mon, 07 Sep 2026

Wallace Cotton mulls expanding overseas again

A previous attempt thwarted by Covid hasn’t put the company off trying another time.

Kate McVicar Mon, 31 Aug 2026

Tarocash owner reports 77% profit drop; NZ under review

The parent company of several well-known menswear brands is reassessing the scale of its local strategy.

Kate McVicar Thu, 27 Aug 2026

Luxury Property

Penthouse for a song, a slip of an island, Hawke’s Bay winery

Off-plan buyers into St Heliers Sonata paid top dollar for the luxury apartments.

Brent Melville Wed, 26 Aug 2026

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

Aviation News

Qantas brings lie-flat suites to single-aisled aircraft

Carry On: UK-made Islander’s flight, screens in premium economy.

Nevil Gibson Sat, 12 Sep 2026

Christchurch Airport awaits 20% more international travellers

Carry On: Boeing falls behind, Sydney’s 2045 plan, new routes.

Nevil Gibson Sat, 22 Aug 2026

NZAero targets Thailand for training aircraft exports

Waikato aircraft manufacturer will build five new air training planes in the wake of resurgent interest from civilian and military trainers.

Brent Melville Fri, 21 Aug 2026

Energy

K1W1-backed home battery system hits commercial launch

With backing from Sir Stephen Tindall and Vend founder Vaughan Fergusson, Aotea Energy says it can offer households a way to save money and take control.

Tim Hunter Tue, 08 Sep 2026

Methanex announces closure of Motunui plant

Gas contracts sold to Genesis Energy as Taranaki site to be 'indefinitely idled' from 2027.

Tim Hunter Wed, 02 Sep 2026

Future of Huntly gas generation under review

Genesis mulls ‘commercial pathway beyond 2029’ for 403MW Unit 5.

Tim Hunter Fri, 28 Aug 2026

Rich List

Featured Rich Lister: Murray Bolton

Arguably, Bolton’s most significant investment is an undisclosed shareholding in Xplor Technologies, about which there were many headlines in 2025.

Owen Poland Fri, 11 Sep 2026

Featured Rich Listers: Balle family

The Balle family is one of the largest players in New Zealand’s $1.2 billion potato and onion-growing industry.

Owen Poland Thu, 10 Sep 2026

Featured Rich Listers: Bayley family

Bayley Corporation has contributed to politics with several donations to the National Party, the latest being a $7914 gift last September.

Tim Hunter Wed, 09 Sep 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

Avanti Finance appoints COO

Tracy Pennell is the chief operating officer and Lee Robson will take on an expanded auto and personal remit.

Thu, 10 Sep 2026

Yoogo Fleet appoints general manager

Dave Riches started in the role on September 1.

Tue, 08 Sep 2026

Guardians appoint head of strategic tilting

Sam Brodie joined the Guardians in 2013 as a portfolio risk analyst before moving to the strategic tilting team in 2015.

Mon, 07 Sep 2026