Best of Business

Signs of growing positivity from New Zealand's small and medium sized businesses.   A new report from MYOB reveals that 33% of SMEs polled have more work or sales lined up for the first quarter than usual, and a further 40% say they have the amount they’d normally expect.  The green shoots are showing up in sectors that have struggled of late, including manufacturers, retail, and constru...

A potential insurance policy for those who can't move away from gas for energy, as the Government charges ahead with its plans for an importing facility.  The terminal will be housed in Taranaki - with the Government aiming to have a build contract locked down mid-year. It's imposing a levy to help pay for an import liquefied natural gas facility, which it says will save households $50 a year...

A small West Coast town might be about to strike gold again. Canadian mining company Rua Gold has discovered a 2.5 kilometre stretch of gold and other minerals at Auld Creek near Reefton - with plans announced to fast-track an underground mine. The company aims to produce 60,000 ounces of gold annually by 2028. Vice-president Simon Delander says they're also going after the antimony. He explained...

The Justice Minister says his retail crime advisory group has been successful and productive. It'll been cut short, ending in May - not the planned September - after three members resigned last month. It leaves just two members, chair and dairy owner Sunny Kaushal and liquor retailer, Ash Parmar.  Paul Goldsmith says he could have appointed more people for the next six months or wrapped it up...

More consistency across the Tasman in the standards for goods and services could reduce administrative burdens and free up business capacity.  A new agreement aims to streamline operations, reduce costs, improve quality, and meet regulatory requirements in New Zealand and Australia. Infometrics chief executive Brad Olsen told Ryan Bridge we were out of kilter with the Aussies on about 24 stan...

The former boss of Air New Zealand is jetting off to America.  It's been reported Greg Foran will be named as the new chief executive of retail giant, Kroger. It operates supermarkets and multi-department stores throughout the US, and is regarded as one of the country's big four retailers. Greg Foran says he'll have his hands full but he's looking forward to it. "It's a business, does about $...

Westpac Chief Economist Kelly Eckhold joined Andrew Dickens to discuss the economic news in New Zealand and around the world.  They discussed European interest rates, the global dairy trade, and the US job market and dollar. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Government has launched a review into soaring home insurance costs - to take place over a six-month period. This investigation comes as AA Insurance moves to pause new home insurance offers across the South Island. NZ Herald Wellington business editor Jenee Tibshraeny unpacked what we can expect from this deep dive. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Software stocks have taken a dive, and it's prompted concern among economists. This follows a difficult month for the sector, with many of them seeing their shares drop by 40 percent as a result of AI. Milford Asset Management's Michael Luke explained further. LISTEN ABOVE   See omnystudio.com/listener for privacy information.

A Wellington fusion energy start-up’s getting a major boost, with fresh funding to build a next generation research facility. The Government will lend up to $35 million from the Regional Infrastructure Fund to OpenStar Technologies to help develop its nuclear fusion machine, known as Tahi. Fusion is the process which powers the sun, and the company's hoping to create a fusion power source that can...

On the face of it, the unemployment figure out today is not good. It’s gone up, it's now sitting at 5.4 percent, a high we haven’t seen in almost 11 years. The last time we were anywhere near 5.4 percent was September 2015. But actually, there is a recovery story here if you look under the hood. We’ve added 15,000 jobs to the economy. More people want to work, too. As Infometrics points out, fewer...

Trade Me’s seeing a rush on gold and silver listings. Searches for both metals have surged on the site - and are now the second and third fastest-rising terms over the past week. Gold and silver hit record highs late last month, before dipping and then rallying again. Trade Me spokesperson Millie Silvester says the spike could be driven by buyers looking to melt the metals down. "Or maybe they're...

An opinion piece in the Herald reckons Wellington's Cuba St has a rival for the title of the region's coolest strip. Lifestyle writer Joanna Wane says Petone's Jackson St has Cuba St beaten out for restaurants, cafes, pubs and boutiques. Hill's Hats owner Simon Smuts-Kennedy says there's plenty available for visitors - and there's something for everyone. "There's virtually everything available, an...

A warning we've been burnt by high hopes for economic recovery.  Stats NZ data out today puts unemployment at 5.4 percent in the December quarter.  The numbers were less severe than forecasts from Treasury, but still reflect a 10 year unemployment high.  Infometrics Principal Economist Brad Olsen says the talk about getting momentum back last year fell short. "For businesses, t...

Unemployment's risen again to a ten-year high, with 165 thousand Kiwis currently out of work.  Stats NZ data shows the unemployment rate was 5.4% in the December quarter, up from 5.3% in the September quarter.  It's now the highest it's been since September 2015.  The Herald's Liam Dann told Kerre Woodham while today's rise is small, it's also unexpected.  He says there was som...

The Reserve Bank of Australia started the year off with an increase set to impact mortgage holders. The RBA increased the official cash rate by 25 basis points to 3.85 percent, citing increased concerns about inflation. HSBC chief economist Paul Bloxham explained the increase further. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Following the launch of Australia's ban on social media for under-16s, there's been debate over whether New Zealand should follow this example. Meta's Global Head of Safety, Antigone Davis, has labelled the full ban a 'fool's errand' and claims parental controls are the way to go. Former Facebook CEO for Australia and New Zealand Stephen Scheeler says parental controls are a safety feature that sh...

The head of a mineral extraction company says New Zealand's rich in some of these sought-after critical minerals.  New Zealand and the United States are reportedly discussing a 'non-binding' framework relating to critical minerals as the US looks to reduce reliance on China.  Geo40 CEO John Worth says there's silica, lithium and antimony to name a few.  "I think we're relatively sma...

As more stores across Auckland's CBD close their doors for good, Crane Brothers has reaffirmed their commitment to the area. After extending their   High Street lease for another 25 years, founder Murray Crane recently revealed the store would expand into the space vacated by Ruby. Crane says Covid and the subsequent economic downturn have been tough on Auckland, but it's important to control...

National and Labour are joining forces in support of legislation to tackle modern slavery.  Their bipartisan backing means the Bill can be introduced in Parliament, bypassing the ballot system.  The proposed law would require large companies to report their measures to avoid slavery conditions in supply chains, and fine those not complying or acting to mislead.  National's Greg Flem...

Meta and Microsoft are among the big tech companies that just released their quarterly results after the stock market closed, and there's more results to come. Meta shares were up 9 percent, but Microsoft stock was down about 5 percent. Sam Dickie from Fisher Funds unpacked the data further. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Simon Squibb has always been committed to encouraging people to fulfil their dreams, and as a multi-millionaire entrepreneur, he's in a position to make real change.  He's invested in startups, used his professional insight to write a book - What’s Your Dream? Find Your Passion. Love Your Work. Build a Richer Life -  and he's committed to inspiring people to take risks. Squibb's in New Z...

Air New Zealand says it hopes to avoid a three-day strike by international cabin crew in February. E tū Union and the Flight Attendants Association have issued strike notices for wide-body crews on 787 and 777 Boeing flights. The airline's Chief People Officer, Nikki Dines, says they've covered a lot of ground in 10 months of weekly meetings with the unions. "There's a lot of things that we've agr...

The Reserve Bank spent most of 2025 lowering the OCR, leaving experts to speculate how these changes impacted the economy. Since then, economic and business confidence has gone up for the start of 2026, but inflation data for the December quarter has raised some concerns Milford Asset Management expert Brendan Larsen explained further. LISTEN ABOVE See omnystudio.com/listener for privacy informati...

2026 has been a rough year for New Zealand's construction sector, with multiple businesses going bust in January alone. Reports show there were 22 applications to put building or property related companies into liquidation over the 7 days from January 20 to January 27. NZ Certified Builders CEO Malcolm Fleming says this reflects the tough conditions that have impacted the market over the last two...