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Sat 01 Aug 2026 07:59:05pm

MARKET MOVEMENTS

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Sat 01 Aug 2026 07:59:05pm

MARKET MOVEMENTS

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On the Money

Milford picked as diversified growth fund manager of year (again)

ANALYSIS: A closer look at its Global Equity Fund raises questions about its relative performance.

Brent Sheather Sun, 02 Aug 2026

On the Money

Milford picked as diversified growth fund manager of year (again)

ANALYSIS: A closer look at its Global Equity Fund raises questions about its relative performance.

Brent Sheather Sun, 02 Aug 2026

Latest News

Book Review

The Great Powers game: 1914 all over again?

Yale historian warns the prospect of world war need not be repeated.

Book Review

The Great Powers game: 1914 all over again?

Yale historian warns the prospect of world war need not be repeated.

Nevil Gibson Sun, 02 Aug 2026

Featured Video: The Mothership

WATCH: Auckland nightclub’s music producer owner Patrick Hawkins is eschewing a summer of European DJ dates to ensure his cornerstone of music culture survives.

Featured Video: The Mothership

WATCH: Auckland nightclub’s music producer owner Patrick Hawkins is eschewing a summer of European DJ dates to ensure his cornerstone of music culture survives.

Sun, 02 Aug 2026

Politically Speaking

Paid parental leave, TOP, Winston Peters’ ‘war on woke’

ANALYSIS: Christopher Luxon questions why so much attention is being given to The Opportunity Party.

Politically Speaking

Paid parental leave, TOP, Winston Peters’ ‘war on woke’

ANALYSIS: Christopher Luxon questions why so much attention is being given to The Opportunity Party.

Brent Edwards Sat, 01 Aug 2026

Sat 01 Aug 2026 07:51:42pm

MARKET MOVEMENTS

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Latest News

Most Popular

Most Commented

Market Review

Microsoft jumps after strong earnings justify AI spend

Aviation News

Qantas plans Melbourne Airport expansion as Sunrise jet visits

Investment

‘An incredible journey’ says retiring AFT chair David Flacks

Market Close

NZX 50 ends strong July on sour note

Retail

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

Retail

Country Road claws its way back to profitability

On the Money

Milford picked as diversified growth fund manager of year (again)

Book Review

The Great Powers game: 1914 all over again?

Investment

‘An incredible journey’ says retiring AFT chair David Flacks

Politically Speaking

Paid parental leave, TOP, Winston Peters’ ‘war on woke’

Morning Brew

Microsoft surge revives AI trade confidence, Wall Street rallies

Retail

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

Politics

Green Party pitches ‘for us all’ manifesto

Investment

‘Very abnormal’: Ryman hits out at Labour’s retirement policy

General Business

FMA chief executive ‘on leave’ amid workplace culture concerns

Investment

Spark splits business in two, cloud and IT services under review

Energy

Govt awards first offshore permit since ban lifted

Primary Industries

New import rules a ‘significant risk’, say blueberry growers

Editor's picks

Investment

Activist wins support despite failed bid for Oceania review

The aged care provider’s share price is trading at a steep discount to net tangible assets.

Private Bin

Desperate Luxon, Ryman Herald, 2 Cheap Capital

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

Investment

‘Far from acceptable’: US still a drag on Mainfreight

Listed transport company records higher revenue from most areas in the 16 weeks from April to July.

Australia

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.

Featured

Hunter’s Corner

AI’s fragile build-out boom

ANALYSIS: As financial interconnection increases in the AI tech sector, so does its vulnerability.

Primary Industries

New import rules a ‘significant risk’, say blueberry growers

However, MPI’s chief science adviser says he’s ‘very confident’ risks will be managed.

Primary Industries

New import rules a ‘significant risk’, say blueberry growers

However, MPI’s chief science adviser says he’s ‘very confident’ risks will be managed.

Law

High-roller alleged to have spent almost $500m at SkyCity

The man was described in court as a ‘pathological’ gambler, but he claims he’s now stopped.

Law

High-roller alleged to have spent almost $500m at SkyCity

The man was described in court as a ‘pathological’ gambler, but he claims he’s now stopped.

Professional Services

Jarden to fill gaps after Barrenjoey raid, pauses restructuring

Investment bank’s executive chair Aidan Allen has addressed shareholders and staff after the departure of at least 10 staff this week.

Professional Services

Jarden to fill gaps after Barrenjoey raid, pauses restructuring

Investment bank’s executive chair Aidan Allen has addressed shareholders and staff after the departure of at least 10 staff this week.

Short videos

General Business

Mbie sharing appears ‘contrary to law’: Ombudsman

0:00

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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Rich List

The NBR Rich List: Owen Poland talks wealth

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Rich List

The Women’s List 2026: importance of role models

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Rich List

The NBR Rich List: Top 10 Countdown

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Politically Speaking

Labour’s list and public transport policy

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Politically Speaking

New Zealand's nuclear-free position

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NBR Focus

Unlocking Aotearoa: Naomi Ballantyne

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NBR Focus

Unlocking Aotearoa: TPT Group founder Mike Marr

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NBR Focus

Unlocking Aotearoa: Malcolm Jackson

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NBR Focus

Unlocking Aotearoa: Dame Joan Withers

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Analysis

Edwards on Politics

Child poverty deficit set to get worse, not better

ANALYSIS: The Child Poverty Action Group says the May Budget will not make life any easier for children in poverty.

Brent Edwards Thu, 30 Jul 2026

Underarm

Young kangaroo Barrenjoey takes on New Zealand

ANALYSIS: Barrenjoey means ‘young kangaroo’ in an indigenous language, but the firm has grown up fast and is now a major player in investment banking.

Lachlan Colquhoun Wed, 29 Jul 2026

Margin Call

What price political risk: utilities, elections, the bond market

ANALYSIS: Political risk in power markets is priced differently in London and Wellington, which presents opportunity for investors.

Michael Bacon Tue, 28 Jul 2026

Shoeshine

Wine industry consolidates to survive the crisis

ANALYSIS: Changing drinking tastes puts pressure on wine industry both sides of the Tasman. Shakeout is an existential danger to many boutique wineries as big players cut brands and rationalise portfolios.

Lachlan Colquhoun Mon, 27 Jul 2026

Categories

Investment

NZX 50 slumps in global rout; Crimson makes play for Kip McGrath

Mainfreight jumps to six-month high on improving outlook.

Curious News Thu, 30 Jul 2026

Domino’s share surge after balance sheet reset

The company has announced A$300m in impairments, and has refinanced its debt.

Lachlan Colquhoun Thu, 30 Jul 2026

Major Ryman shareholders opposed re-election of directors

Close to 18% of the votes at Tuesday’s annual meeting opposed re-electing company chair Dean Hamilton to the board.

Nicholas Pointon Thu, 30 Jul 2026

Economics

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

RBNZ can proceed with further rate hikes, economists say

A jump in annual inflation to 4.1%, led by high fuel prices, means the OCR should climb back to a neutral level soon.

Jonathan Mitchell Tue, 21 Jul 2026

Politics

FSC wants long-term thinking that lasts beyond an election cycle

Financial Services Council chief executive Kirk Hope says his group’s manifesto is not a ‘shopping list’ but a practical agenda for Kiwis and the economy.

NBR Staff Thu, 30 Jul 2026

Decisions still to be made on who foots bill for new money vault

The Treasury considers the Reserve Bank project ‘reasonable value for money’.

Brent Edwards Thu, 30 Jul 2026

Environmental decisions need better information, says Upton

The Parliamentary Commissioner for the Environment says the data needs to be better organised and easier to access.

Brent Edwards Wed, 29 Jul 2026

Te Ao Māori

Iwi RMA fight heads to Queenstown

Scrapped council agreements and fears for Treaty settlement rights are set to become a major issue at next week’s Iwi Chairs Forum.

Mike McRoberts Fri, 24 Jul 2026

Iwi leaders back Northland power outage class action

Harry Burkhardt and Dame Naida Glavish say an opt-out action is needed to give remote Māori businesses access to justice after the 2024 collapse of a Transpower tower.

Mike McRoberts Wed, 22 Jul 2026

Māori enrolment campaign brings global success for ad agency

Motion Sickness’ win at Cannes has turned a kaupapa Māori enrolment campaign into an international calling card.

Mike McRoberts Fri, 10 Jul 2026

Primary Industries

Kapuni urea plant has gas to December

Tight gas supplies an ongoing issue for local fertiliser production.

Tim Hunter Wed, 29 Jul 2026

Fruit tree supplier moves in on Kiwi Crunch’s cherry business

Genesis Nurseries is a major supplier of fruit trees and has applied to liquidate Prunus, which manages 132 hectares of cherry orchards in Central Otago.

NBR Staff 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

Australia

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

Asic puts private credit on notice over valuations

The regulator says private credit is an area of ‘enforcement priority’ and it would not hesitate to take legal action against funds.

Lachlan Colquhoun Mon, 29 Jun 2026

ASX admits to misleading the market, cops A$20m fine

The exchange is seeking to draw a line under the clearing scandal and start afresh as it waits for the new chief executive.

Lachlan Colquhoun Mon, 15 Jun 2026

Tech & Innovation

Aroa Biosurgery mulls secondary listing on NZX

Chief executive Brian Ward debates the pros and cons of Aroa’s ASX listing during the Covid pandemic.

Fiona Rotherham Thu, 30 Jul 2026

US market beckons for launch of new injury care platform

Startup founder Justine McIntyre will raise a seed round ahead of a US market entry later this year.

Fiona Rotherham Mon, 27 Jul 2026

Green iron: NZ deep tech startup CullBeck raises record $20m

How a less-than-one-year-old startup cleaning up steelmaking attained a $60m-plus valuation.

Fiona Rotherham Sat, 25 Jul 2026

Law

Court decision effectively provides an NZ ‘right to be forgotten’

Simpson Grierson partner Jania Baigent says legally significant ruling reflects a judiciary increasingly recognising privacy rights.

Hamish McNicol Fri, 24 Jul 2026

Time is ripe for regulating employment advocates, lawyer says

Catherine Stewart says this is a major access to justice issue rather than a ‘war on territory’.

Fiona Rotherham Tue, 21 Jul 2026

Former Du Val contractor loses bid to register $1.4m award in NZ

Lawyers for the failed property group’s statutory managers argued Stuart Goodfellow was seeking an unfair advantage over other creditors.

Hamish McNicol Mon, 20 Jul 2026

Finance

NZ’s wealthiest increasingly investing overseas, Citi banker says

Melanie Knowles targets ultra-high-net-worth clients with investable assets of at least US$10m.

Hamish McNicol Thu, 09 Jul 2026

Heartland-TSB merger opponents considering legal options

An incorporated society has been formed to assess the law if the proposed bank merger gets the green light.

Jonathan Mitchell Wed, 08 Jul 2026

Armstrong’s makes inroads into finance brokerage

‘We can bring some real credibility to that brokering space,’ says CEO Troy Kennedy.

Jonathan Mitchell Wed, 01 Jul 2026

The NBR Podcast

Podcast #114: The art of ‘lawfare’

LISTEN: How Kiwi startup Montoux was ‘devastated’ after a legal stoush with a massive American competitor.

Simon Shepherd Tue, 28 Jul 2026

Podcast #113: Too many charities, not enough money

LISTEN: Barnardos boss Matt Reid on the charity’s generational plan to invest in Kiwi kids.

Simon Shepherd Tue, 21 Jul 2026

Podcast #112: Super El Niño economics

LISTEN: Unusually warm oceans, reduced rainfall on the east coast, and wetter on the west. What will it mean for the economy?

Simon Shepherd Tue, 14 Jul 2026

General Business

Microsoft surge revives AI trade confidence, Wall Street rallies

Bank of England keeps rates on hold.

Curious News Fri, 31 Jul 2026

Quick Takes of the Week to July 31

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

NBR Staff Fri, 31 Jul 2026

Wall Street muted as Fed holds rates; US-Iran tensions escalate

Meta and Microsoft earnings will set the tone after the bell.

Curious News Thu, 30 Jul 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

Brand tracking platform Tracksuit acquires Aussie AI startup Hall

It has also expanded its global executive team with the hire of Tom Mansfield as chief marketing officer.

Fiona Rotherham Tue, 21 Jul 2026

Tourism

Record dividend, as Skyline waits on $102m casino cash

Adventure tourism company expects the sale of the Christchurch Casino to go through later this year after regulatory approvals.

Brent Melville Thu, 23 Jul 2026

Sudima management group signals IPO

Jhunjhnuwala family-owned Hind Management wants to ramp up ‘capital intensive’ growth via a public raise, with aspirations for global expansion.

Brent Melville Tue, 07 Jul 2026

Michelin campaign pushed to $8m over three years

Tourism New Zealand tips in part of its marketing budget to help attract big-spending foodies.

Brent Melville Thu, 02 Jul 2026

Infrastructure

Work to begin on the Warkworth to Te Hana expressway

Lessons have been learned from earlier PPPs, says Chris Bishop.

NBR Staff Thu, 30 Jul 2026

Port and Maritime Union clash over proposed law changes

The member’s Bill would make port companies accountable under the Local Government Official Information and Meetings Act.

Brent Edwards Thu, 30 Jul 2026

Watercare adds $1.4b to pipeline, opts for Waikato ‘alliance’

Auckland’s water utility will borrow and tap city residents and developers for $15.2 billion worth of capital investments.

Brent Melville Thu, 30 Jul 2026

Property

Symphony developers not singing from the same hymn sheet

Concerns have emerged over viability of $687m precinct, as project manager's contract runs to an end and site reverts to council control.

Brent Melville Mon, 27 Jul 2026

Du Val apartments attract ‘opportunistic’ bids

Low-ball offers for the 36-unit development are likely given the distressed nature of the sale process, developer says.

Brent Melville Tue, 14 Jul 2026

Seascape tower: 50 bidders line up for a tall order

The 56-level skyscraper could be reconfigured as student accommodation, architect says.

Brent Melville Thu, 09 Jul 2026

Professional Services

PwC NZ in final throes of appointing second independent director

It comes after former DLA Piper NZ country manager Martin Wiseman became the firm’s first independent director last month.

Hamish McNicol Tue, 28 Jul 2026

Victorian govt bans KPMG as whistleblower scandal continues

KPMG Australia is now banned from working with several state governments, presenting a challenge for new chief executive John Sams.

Lachlan Colquhoun Mon, 27 Jul 2026

New chief executive at KPMG Australia as it moves on from scandal

The firm is also expected to announce widespread redundancies, of up to 10% of headcount.

Lachlan Colquhoun Tue, 21 Jul 2026

NBR Focus

Unlocking Aotearoa: tech guru Bowen Pan

WATCH: The final in our weekly series on what is holding Aotearoa back, and how we can unleash its potential.

Simon Shepherd Wed, 17 Jun 2026

Unlocking Aotearoa: entrepreneur Cecilia Robinson

WATCH: Our weekly series on what is holding Aotearoa back, and how we can unleash its potential.

Simon Shepherd Wed, 10 Jun 2026

Unlocking Aotearoa: Naomi Ballantyne

WATCH: Our new weekly series on what is holding Aotearoa back, and how we can unleash its potential.

Simon Shepherd Wed, 03 Jun 2026

Retail

How Wet & Forget is cleaning up on the world stage

Since its sale two years ago, the 30-year-old cleaning products company has been focused on the future.

Kate McVicar Fri, 17 Jul 2026

Beauty sector owes $60m in tax amid unpredictable trading

‘You’ve just had to become more savvy and more aware of your business side of things, rather than just chugging along day to day,’ industry expert says.

Kate McVicar Tue, 07 Jul 2026

Fast food providers struggling with a slow economy

Local operators say it’s like ‘walking through treacle’, although multinational delivery services and fast food giants continue to grow.

Kate McVicar Thu, 25 Jun 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

Texel Air sees future cargo benefits in Western Sydney Airport

The 24-hour operation provides more options and greater efficiency.

Nevil Gibson Sun, 26 Jul 2026

Safety fears rise as powerbank, vape usage mounts

Carry On: Boeing’s 20-year forecast, new Phenom300, routes news.

Nevil Gibson Sat, 25 Jul 2026

Future technology shines as Farnborough week ends

Fewer deals as attention turns to new aviation developments.

Nevil Gibson Fri, 24 Jul 2026

Energy

Govt awards first offshore permit since ban lifted

Australian company Enzed Energy wins 12-year right to explore for oil and gas off Taranaki.

Tim Hunter Wed, 29 Jul 2026

EA moves on excessive upfront connection charges

Vector says the electricity regulator hasn’t proven there’s a problem, while developers claim the changes will be ineffective at best.

Brent Melville Thu, 16 Jul 2026

Biorefinery’s cagey consortium leader says more info soon

US firm Seadra Energy rebuffs questions as Marsden Point mega-project grinds on.

Tim Hunter Wed, 15 Jul 2026

Rich List

Featured Rich Lister: Mark Stewart

An attempted takeover bid for Comvita and his ongoing campaign to restore Christchurch’s earthquake-damaged cathedral, has Mark Stewart firmly in last year’s spotlight.

Kate McVicar Fri, 31 Jul 2026

Featured Rich Listers: Masfen family

The healthcare division of Masfen Group has healthcare-based properties across Auckland and plans to expand further.

Kate McVicar Thu, 30 Jul 2026

Featured Rich Listers: Anne and David Norman

The Norman’s business ethos is to never take profits out of their companies.

Kate McVicar Wed, 29 Jul 2026

Marketing & Media

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

TVNZ’s interim profit falls as one-off costs bite

The state broadcaster will pay an interim dividend of $1.3m to the Crown.

NBR Staff Fri, 06 Mar 2026

Leaked emails reveal SkyCity breached NBR copyright

The listed casino operator had been distributing PDF copies of NBR articles to staff using just one subscription.

NBR Staff Wed, 21 Jan 2026

Comings & Goings

Jetstar appoints Cath O’Brien head of commercial NZ

Cath O’Brien will start in the role in mid-September.

Fri, 31 Jul 2026

Centrapay appoints new CEO

Tim Wixon will commence as chief executive on August 24.

Fri, 31 Jul 2026

Infometrics names Gareth Kiernan as acting managing director

Gareth Kiernan joined Infometrics in 1999, and was previously MD in 2006, before moving to become operations director in 2014.

Fri, 31 Jul 2026