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Hamish Rutherford
Wellington Business Editor
Wellington, New Zealand

Wellington Business Editor

We are your advocate, Aotearoa. Uncovering stories that matter, asking hard-hitting questions of those in power, live-blogging sport events, monitoring the highs and lows of the NZX and providing Premium expert opinion and analysis. Bringing you distinctive, quality journalism and breaking news from across New Zealand and around the world. With specialists working together to create indepth reads, engaging video, and unmissable podcasts.

Check out Hamish’s latest content
Reserve Bank creates banking naughty list
Business

Reserve Bank creates banking naughty list

23 Mar 09:23 PM
Premium
Supermarkets on notice: Govt seeks swift progress
Business

Supermarkets on notice: Govt seeks swift progress

08 Mar 05:00 AM

David Clark hints at stiff action if supermarket behaviour does not change.

Premium
Hamish Rutherford: Final supermarket report a major backdown from ComCom
Opinion

Hamish Rutherford: Final supermarket report a major backdown from ComCom

08 Mar 04:35 AM

Final report is a far cry from the sweeping measures mooted last year.

ComCom's final supermarket report - competition 'muted'; what's needed for lower prices
Business

ComCom's final supermarket report - competition 'muted'; what's needed for lower prices

07 Mar 08:22 PM

Competition watchdog releases final report into major sector.

Premium
Hamish Rutherford: Supermarket study - has watchdog stuck to its guns?
Opinion

Hamish Rutherford: Supermarket study - has watchdog stuck to its guns?

07 Mar 04:00 PM

OPINION: As the cost of living climbs, will the competition watchdog push for change?

Premium
Blunt warning: Govt told new lending rules would hurt first-home buyers
Banking and finance

Blunt warning: Govt told new lending rules would hurt first-home buyers

02 Mar 04:20 AM

Banks sent blunt warning that new lending laws would make banks more conservative.

Premium
'Slow' Reserve Bank raises recession risk
Business

'Slow' Reserve Bank raises recession risk

25 Feb 04:43 AM

Central bank faces unusual criticism of being too slow to move by former acting governor.

Covid support payments broadened after warnings
Business

Covid support payments broadened after warnings

25 Feb 04:32 AM

After warnings most businesses would not qualify, Government broadens Covid support.

Premium
Businesses confused, disappointed by Covid support
Small Business

Businesses confused, disappointed by Covid support

24 Feb 05:00 AM

Businesses complain support payment criteria is contradictory, thresholds too tight.

Premium
Reserve Bank sets up market for double hike
Official Cash Rate

Reserve Bank sets up market for double hike

23 Feb 04:45 AM

Reserve Bank narrowly decided against the biggest hike since 2000, but it could come soon.

Premium
Meridian's blunt demands to Rio Tinto - commit long term or leave
Energy

Meridian's blunt demands to Rio Tinto - commit long term or leave

23 Feb 04:30 AM

Meridian Energy says it wants a long-term commitment from Rio Tinto.

Meridian reports flat half-year earnings
Business

Meridian reports flat half-year earnings

22 Feb 05:00 PM

New Zealand's largest electricity generator hit by lower revenue from Tiwai Point smelter.

Premium
Kiwibank review: Jarden makes move for Kiwi Wealth
Banking and finance

Kiwibank review: Jarden makes move for Kiwi Wealth

21 Feb 04:25 AM

Investment bank understood to have approached Kiwibank and its advisers

Premium
Hamish Rutherford: Is Kiwibank really for sale?
Opinion

Hamish Rutherford: Is Kiwibank really for sale?

18 Feb 04:00 PM

If the Government buys into Kiwi Group, its commercial funds may have good reason to exit.

National closes gap on Labour in new poll
Business

National closes gap on Labour in new poll

16 Feb 04:32 AM

New poll shows National within four points of Labour, and its leader gaining popularity.

Public interest journalism fund 'beauty contest'
Business

Public interest journalism fund 'beauty contest'

15 Feb 08:00 PM

Independent report says $55m fund risks protecting incumbents from new entrants.

Premium
Contact Energy expected to report strong earnings, amid wholesale pricing questions
Energy

Contact Energy expected to report strong earnings, amid wholesale pricing questions

13 Feb 05:00 AM

Contact Energy set to report strong earnings, amid signs of more high wholesale prices.

Govt raising minimum wage to $21.20
Economy

Govt raising minimum wage to $21.20

11 Feb 04:27 AM

Government hiking minimum wage and starting out wage from April 1.

Premium
Kiwibank up for grabs? Govt launches ownership review
Business

Kiwibank up for grabs? Govt launches ownership review

10 Feb 04:00 PM

Finance Minister confirms how Kiwibank's parent is owned is being reviewed.

Premium
America's Cup stoush heats up: Multi-millionaire's challenge to Dalton
Business

America's Cup stoush heats up: Multi-millionaire's challenge to Dalton

09 Feb 04:22 AM

Businessman challenges Team NZ over funding dispute, offers to pay for budget audit.

Premium
Hamish Rutherford: David Clark digs in over lending laws
Opinion

Hamish Rutherford: David Clark digs in over lending laws

03 Feb 04:00 PM

Commerce Minister's defence of lending rules ignore the strain they are causing.

Govt to review controversial mortgage lending rules
Banking and finance

Govt to review controversial mortgage lending rules

31 Jan 06:14 PM

David Clark claims responsible lending rules weren't being followed by banks.

Premium
The billion-dollar letter Infratil thought was a joke
Companies

The billion-dollar letter Infratil thought was a joke

31 Jan 04:01 PM

Former Infratil chief executive doubted blockbuster Aussie takeover attempt was serious.

Low NZ unemployment should boost wage pressures
Business

Low NZ unemployment should boost wage pressures

31 Jan 02:32 AM

Low unemployment pushing wages up, but not expected to outstrip inflation.

Premium
Hamish Rutherford: Inflation heightens dilemma for Reserve Bank
Opinion

Hamish Rutherford: Inflation heightens dilemma for Reserve Bank

27 Jan 05:00 AM

The Reserve Bank may be forced to raise interest rates even if house prices are dropping.

Premium
Inflation fears stoked by domestic pressures
Business

Inflation fears stoked by domestic pressures

27 Jan 04:33 AM

Inflation hits highest level since 1990 with domestic pressures surprising economists.

'Really worried': National leader reacts as NZ inflation hits 30-year high
Official Cash Rate

'Really worried': National leader reacts as NZ inflation hits 30-year high

26 Jan 08:59 PM

Cost of living rising at the fastest pace since 1990, Statistics New Zealand says.

Premium
House prices 'most vulnerable in a long time'
Business

House prices 'most vulnerable in a long time'

26 Jan 04:22 AM

Investment adviser says analysts will not be shocked by 'meaningful' fall in prices.

ANZ predicts 'painful' rise in interest rates
Banking and finance

ANZ predicts 'painful' rise in interest rates

19 Jan 04:43 AM

NZ's largest bank sharply increases its forecasts for how far interest rates will rise.

Premium
Hamish Rutherford: Credit crackdown - did Govt ignore warning signs?
Opinion

Hamish Rutherford: Credit crackdown - did Govt ignore warning signs?

18 Jan 04:00 PM

A consumer lending probe will not avoid awkward questions for minister and his advisors.

Premium
'Peculiar lack of ego': The understated Kiwi boss who led a revolution at $20b business
Companies

'Peculiar lack of ego': The understated Kiwi boss who led a revolution at $20b business

14 Jan 04:00 PM

From humble beginnings, 'visionary' has led Morrison & Co to world-leading investor.

Premium
Meet the lobbyists: The powerful few trying to influence the Govt
Business

Meet the lobbyists: The powerful few trying to influence the Govt

04 Jan 01:00 AM

Money, power and prestige: New Zealand's top lobbyists revealed

Premium
'Horrendous compliance': Experts slam new IRD rules for bach owners
Tax

'Horrendous compliance': Experts slam new IRD rules for bach owners

28 Dec 04:00 PM

If the rules stand, they could create "horrendous" compliance requirements, says expert.

Premium
Retired judge issues blunt America's Cup warning to squadron
Business

Retired judge issues blunt America's Cup warning to squadron

22 Dec 04:30 AM

Fresh legal warnings for RNZYS if it tries to take the America's Cup offshore.

Premium
Silver Lake saga: Phoenix boss' warning for NZ Rugby
Business

Silver Lake saga: Phoenix boss' warning for NZ Rugby

17 Dec 04:00 PM

A-League club's chairman says blocking private equity deal risks harming game.

Premium
RBNZ staff turnover 'unfortunate but normal': chairman
Business

RBNZ staff turnover 'unfortunate but normal': chairman

16 Dec 04:27 AM

Chairman of central bank backs governor amid questions over leadership and turnover.

Premium
Business heroes: The low key visionary who reshaped Morrison & Co
Business

Business heroes: The low key visionary who reshaped Morrison & Co

10 Dec 10:00 PM

The low key reform of a New Zealand-focused asset manager into a global leader.

Premium
'Unlawful and out of step': Big blow for Government's fair pay plans
Employment

'Unlawful and out of step': Big blow for Government's fair pay plans

08 Dec 04:00 PM

BusinessNZ refuses central role in fair pay agreements, suggesting further delays.

Premium
Hamish Rutherford: The truth about most 'small' electricity companies
Opinion

Hamish Rutherford: The truth about most 'small' electricity companies

06 Dec 04:00 PM

The new name in electricity retailing is not quite what it seems.

Premium
RNZYS members seek to pull vote over cup venue following Dalton's 'collapse' warnings
Business

RNZYS members seek to pull vote over cup venue following Dalton's 'collapse' warnings

06 Dec 04:37 AM

Group pulls vote on Am Cup venue citing Dalton's warnings that team could be liquidated.

Residential boosts construction pipeline
Business

Residential boosts construction pipeline

06 Dec 04:32 AM

MBIE forecasts show construction sector bounced back from Covid-19 and tipped to grow.

Premium
Dalton claims Team NZ could collapse if Cup held in Auckland
Business

Dalton claims Team NZ could collapse if Cup held in Auckland

03 Dec 04:00 PM

Grant Dalton threatens Team New Zealand could collapse unless it is taken offshore.

Premium
Hamish Rutherford: Do the rich only get richer?
Tax

Hamish Rutherford: Do the rich only get richer?

28 Nov 04:00 PM

IRD study is looking into how the rich get rich, but excludes some who have got poorer.

Premium
August power cuts 'need not have happened'
Business

August power cuts 'need not have happened'

25 Nov 05:00 AM

Review finds power cuts to more than 34,000 homes should never have happened.

Premium
RNZYS 'parroting' Team NZ: Mark Dunphy
Business

RNZYS 'parroting' Team NZ: Mark Dunphy

23 Nov 07:00 PM

Rebel members force RNZYS to put vote on Am Cup venue to members, despite reservations.

Premium
Hamish Rutherford: Robertson digs in over SailGP comments
Opinion

Hamish Rutherford: Robertson digs in over SailGP comments

23 Nov 04:00 PM

OPINION: Sports Minister seems more concerned about being right than being truthful.

Meridian sells Australian business for $750 million
Energy

Meridian sells Australian business for $750 million

21 Nov 08:43 PM

New Zealand's largest electricity generator to book big profit from sale of Aussie unit.

Premium
Lack of guidance on lease changes sees landlords 'fill the void'
Investment

Lack of guidance on lease changes sees landlords 'fill the void'

19 Nov 04:30 AM

Sick of chasing officials for advice on law changes, Property Council publishes its own.

Plexure shares sink as company concedes expensive growth push failed
Shares

Plexure shares sink as company concedes expensive growth push failed

16 Nov 10:10 PM

Mobile technology company announces structural review after losses grow.

Premium
RNZYS members demand vote on America's Cup venue
Business

RNZYS members demand vote on America's Cup venue

16 Nov 04:50 AM

Lawyer says petition already has enough members to require a special meeting of RNZYS.

Premium
Revealed: Govt-backed Venture fund's staff severance costs
Companies

Revealed: Govt-backed Venture fund's staff severance costs

16 Nov 04:28 AM

Venture fund, given hundreds of millions for investment, pays out heavily on staff exits.

Premium
Infratil pumps interest in US renewables
Business

Infratil pumps interest in US renewables

12 Nov 04:42 AM

Investment fund reports record half-year results but hints at undervaluation of US unit.

Premium
Tim Brown, the 'face and voice of Infratil' to retire
Business

Tim Brown, the 'face and voice of Infratil' to retire

12 Nov 04:20 AM

Wellington Airport chairman and public face of Infratil announces retirement.

Tilt sale boosts Infratil result
Business

Tilt sale boosts Infratil result

11 Nov 08:12 PM

Infratil reports its biggest half-year surplus following sale of renewables business Tilt.

Astoria cafe to keep name after makeover
Business

Astoria cafe to keep name after makeover

10 Nov 07:51 PM

Well known gossip spot to be reinvented more than a year after it closed in 2020.

Premium
Dunphy urges squadron members to pressure exec over America's Cup
Business

Dunphy urges squadron members to pressure exec over America's Cup

09 Nov 04:42 AM

Magnate says Auckland should be named as next venue when protocol is announced next week.

Premium
Lawyers slam 'intrusive' new Inland Revenue power
Tax

Lawyers slam 'intrusive' new Inland Revenue power

05 Nov 04:00 PM

Law Society wrote scathing letter to Attorney General about rushed tax law change.

Premium
Apec 2021: An authentic Kiwi experience
Business Reports

Apec 2021: An authentic Kiwi experience

03 Nov 03:59 PM

The 'new normal' has allowed Abac to run an ambitious programme.

Premium
Law firms pitch to challenge IRD wealth project
Tax

Law firms pitch to challenge IRD wealth project

02 Nov 04:00 PM

Wealthy Kiwis targeted by IRD project seek legal pitches for possible court fight.

Premium
Infrastructure group Ventia could hit NZX this month
Companies

Infrastructure group Ventia could hit NZX this month

01 Nov 04:42 AM

Infrastructure giant Ventia lays out plan to list on both sides of the Tasman this month.

Premium
Blame game: Electricity Authority finds a problem it can't fix
Opinion

Blame game: Electricity Authority finds a problem it can't fix

27 Oct 04:00 PM

EA shows that if all else fails, you can always blame the aluminium smelter.

The $500m subsidy pushing up your power bill by $200 a year
Business

The $500m subsidy pushing up your power bill by $200 a year

26 Oct 08:00 PM

Deal to keep smelter open could be costing every household in New Zealand $200 a year.

Premium
Former Team NZ director will sue if Cup goes to Saudi
Business

Former Team NZ director will sue if Cup goes to Saudi

26 Oct 03:00 PM

QC invokes court action that stopped ABs' tour of South Africa in possible Cup challenge.

Premium
The $20m question: IRD wants answers from rich Kiwis - and their partners
Business

The $20m question: IRD wants answers from rich Kiwis - and their partners

20 Oct 04:00 PM

IRD wants information and will check answers against spouses.

Premium
Lease law changes could be further backdated
Investment

Lease law changes could be further backdated

15 Oct 04:28 AM

Labour and Green MPs recommend little change to controversial lease law changes.

Premium
Covid-19: Labs say ministry should contract, not commandeer
Business

Covid-19: Labs say ministry should contract, not commandeer

14 Oct 04:34 AM

Testing companies say giving ministry requisition powers will mean less investment.

Two polls have Act close to National
Business

Two polls have Act close to National

14 Oct 04:27 AM

Second poll this week shows Act just 6 points behind National, with Labour well ahead.

New poll shows Act closing on National, Seymour's support surges
Business

New poll shows Act closing on National, Seymour's support surges

13 Oct 07:51 PM

Polling company has Act and David Seymour hitting new highs in monthly poll.

Premium
Hamish Rutherford: Why Govt is the biggest winner of the booming housing market
Opinion

Hamish Rutherford: Why Govt is the biggest winner of the booming housing market

12 Oct 04:00 PM

Government accounts show a massive boost from rising asset prices and consumer spending.

Fuel giant Z Energy set for $2b Aussie takeover
Energy

Fuel giant Z Energy set for $2b Aussie takeover

11 Oct 04:35 AM

Owner of Z and Caltex petrol stations recommends shareholders accept Aussie takeover bid.

'Progress', but no timeline for rapid testing pilot
Business

'Progress', but no timeline for rapid testing pilot

08 Oct 04:30 AM

Government claims "progress" on rapid testing, but still no details of business pilot.

Premium
FMA boss to head NZGCP
Business

FMA boss to head NZGCP

08 Oct 04:22 AM

Former FMA boss likely to be new CEO of government-backed venture fund.

Premium
Govt's secret commercial rent move: Law society disputes minister's statement
Investment

Govt's secret commercial rent move: Law society disputes minister's statement

07 Oct 04:00 PM

Top QC calls on Justice Minister to withdraw a statement he made about lease law changes.

Premium
Lease changes will mean less support for small retailers, warns property boss
Business

Lease changes will mean less support for small retailers, warns property boss

06 Oct 04:00 PM

Landlord warns commercial rent laws will see support go to companies suffering no losses.

Premium
Commercial rent relief changes driven by anecdotal discussions with lawyers
Business

Commercial rent relief changes driven by anecdotal discussions with lawyers

05 Oct 04:50 AM

Changes to Property Law Act go significantly further than abandoned 2020 proposals.

Business groups left confused by road map
Business

Business groups left confused by road map

04 Oct 05:29 AM

Employer groups say road map offers few rewards or incentives for businesses.

Business groups: Keeping Auckland border shut 'not an option'
Business

Business groups: Keeping Auckland border shut 'not an option'

01 Oct 04:40 AM

Those with double jab and negative test should be allowed to travel, business groups say.

Premium
Were commercial rent changes dreamed up this week?
Economy

Were commercial rent changes dreamed up this week?

30 Sep 04:38 AM

Retail NZ believed letter from Kris Faafoi showed calls for help had been "dismissed".

Property giants say they've given $320m in rent relief
Business

Property giants say they've given $320m in rent relief

29 Sep 04:00 PM

Property giants claim they have given major rent concessions in plea for lease law tweak.

Premium
Hamish Rutherford: 'A couple of holdouts' does not justify Government by fiat
Opinion

Hamish Rutherford: 'A couple of holdouts' does not justify Government by fiat

29 Sep 04:34 AM

OPINION: With little evidence of a problem, Labour's lease move leaves everyone surprised.

Premium
Property industry blindsided by commercial lease changes
Business

Property industry blindsided by commercial lease changes

28 Sep 04:38 AM

Landlords face arbitration if they cannot agree 'fair proportion' of rent with tenants.

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