Latest from Business

NZ hotel occupancy rates lag behind pre-Covid levels as regional gaps grow

In Auckland, 50 of 71 hotels report negative growth.

Richard Prebble: Why NCEA's demise is a lesson in failed educational policy

OPINION: New Zealand should not have persisted with a flawed scheme for so long.

'We have to go big': BoP company navigates tariffs, eyes Amazon debut

The drink will be stocked in over 100 premium New York City venues by the end of August.

Home loan wars: Major bank cuts mortgage rates to match rival

A week out from the next OCR decision, major banks are dropping their home loan rates.

'Widespread burnout': Many people have opinions of the media; here's how journalists and industry workers are feeling

A new survey of journalists reveals 'emotional exhaustion' amid 'sobering' results.

Inside Economics: The double tax hitting ratepayers in the pocket

ANALYSIS: Liam Dann takes a deeper dive into the week's economic news.

Govt warned of risks to breaking up polytech merger: 'Similar, if not worse' financials

A paper said the proposed future appears to be similar, if not worse.

‘Vendors are having to meet the market’: NZ house values slump 13% below Covid peak

The housing market is still adjusting to a softer economic environment.

Rural rebound: Farm profitability boosts PGG Wrightson's earnings

PGG Wrightson's net profit rose to $10.7m, a 248% increase.

Spark sells 75% of its data centre business to Australian firm in deal worth up to $584m

A huge construction programme is planned.

Size of four rugby fields: NZ's biggest new chilled, frozen food warehouse rising

'We have got to keep up,' Foodstuffs North Island CEO Chris Quin says of the building.

Foodstuffs North Island, with Auckland Airport, to develop chilled and frozen distribution centre.

Foodstuffs' chief executive Chris Quin explains the reasoning for vastly expanding capacity via the new $70m development at the Māngere site. Video / Dean Purcell

New Zealand's economic outlook strained by US tariff uncertainty

A Westpac report says NZ's economy is expected to strengthen over the coming quarters.

Why businesses are struggling with New Zealand's industrial gas crisis

Gas users are curtailing operations due to rising costs.

Dragonboat Restaurant goes into liquidation owing $1.4m

Auckland Mayor Wayne Brown used the location for a March promotional video.

Market close: Fonterra Fund trades at five-year high

Metroglass shares were down 20% after it announced its recapitalisation plan.