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Warehouse CEO says retailer ‘couldn't be a supermarket’
Kate McVicar
Wed, 30 Sep 2026
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Wed 30 Sep 2026 07:20:25am
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Middle East keeps New Zealand firms on tenterhooks: ANZ
Business confidence has eased amid higher oil and fuel prices.
The latest ANZ survey showed firms’ confidence down two points in September to +52, when compared with the previous month.
Expected ‘own activity’ held steady, while reported ‘past activity’ fell five points to +11.
Importantly, inflation indicators were little changed, with inflation expectations steady at 3.25%. Responses received by ANZ later in the month after oil prices rose sharply again had lower activity indicators, while cost and price measures were similar, or lower.
Senior economist Miles Workman said the data would give the central bank some optimism after recent rate hikes.
“Encouragingly for the RBNZ, inflation indicators were unmoved as the month went on, but it’s very early days. How firms respond to the renewed uncertainty will have direct implications for how the economy rounds out 2026.
“There is real momentum in some sectors, but there are real headwinds too.”
Airways NZ nearly doubles profit, pays $11m dividend to govt
Airways NZ has nearly doubled its full-year profit, reflecting the first year of its three-year pricing period.
The state-owned air traffic service operator's net profit after tax for the year ended June 30 was $22.8 million, compared to $11.9m the prior year. It returned an $11m dividend to the government.
Revenue was up 10% to $296.7m, which came on the back of an average price increase of 7.8% in the first year of its pricing period.
Airways NZ said it had delayed the planned second-year increase of 6.5% by six months to January 2027, due to the challenges faced by the aviation sector amid the Middle East conflict.
Airways said if managed 491,144 flights through the country's airspace, slightly down from a year ago.
It said volumes were 90% of 2019 levels, and noted the industry was recovering prior to the Middle East conflict.
Former Speaker of Parliament Adrian Rurawhe has died
The former Speaker of Parliament, Adrian Rurawhe, died this morning.
In a statement the Labour Party said Rurawhe passed away at Rātana Pā surrounded by his whanau.
Labour leader Chris Hipkins said Rurawhe was one of the finest people to ever sit in Parliament.
“He carried the mana of his people and of the Speaker’s chair with dignity and respect. He was firm without ever having to raise his voice, and he was universally respected across every party in the House,” Hipkins said.
Labour’s Māori caucus co-chair Willie Jackson said Rurawhe was a humble man who dedicated his lift to the service of his people.
“He never forgot where he came from and he never stopped serving his people,” Jackson said.
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Wed 30 Sep 2026 07:13:48am
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