Latest from Business

Most of Ōrākei retirement village to be demolished, new $336m village to rise

The partnership means the retirement giant leases the Ōrākei site for 125 years.

Market close: Fletchers down 3.6%

Oil prices suffered one of their steepest single-day falls in five years on Tuesday.

Danone's NZ profits surge, dividend doubles to $19.8m

Revenue increased 32% to $591.99m.

Ikea to hire 500 staff for NZ launch, 100 more than planned

Employees get five weeks paid leave as well as a 15% discount at the store.

Major supermarket apologises for humiliating woman with false shoplifting claim

The supermarket said its staff caused her public embarrassment and distress.

$13b risk prompts Govt to back controversial bank law change

Banks are to benefit from the controversial decision.

AI could add $3.4b to NZ economy – if we can address areas where we lag

New Zealand is behind in some areas, such as AI uptake and skills.

Cristean Monreal: If we keep sprawling to Hamilton, what happens to the heart of Auckland?

OPINION: Auckland's $5b City Rail Link is lighting the way for urban intensification.

Back from bankruptcy: Virgin Australia soars on ASX debut, up 7.6%

Virgin Australia lists on ASX after five years away from the sharemarket.

Tainui Group Holdings welcomes new CEO

The news comes a year after previous chief executive Chris Joblin announced his departure.

Market close: World watches Iran

'The inclination is not to do too much,' Forsyth Barr analyst Peter Sigley said.

How NZ exporters can seize the moment amid US-China trade disruptions

Peloris says US-China trade friction could open doors for NZ fresh food exporters.

Fletcher, Acciona settle Puhoi motorway dispute

Fletcher Building says it will gain $56 million from the Puhoi motorway settlement.

Spark bags $47m windfall

Funds from sale of stake in Hutchison Telecommunications will be used to reduce debt.

Foodstuffs South Island’s new $28m automated freezer distribution centre

This vast new Hornby pallet hotel is due to open on August 21. Video / George Heard

'Pallet hotel' - Foodstuffs South Island boosting frozen storage by more than 200%

Supermarket owner to expand frozen capacity by 222%, strike third-party warehouse deals.

$12,500 a year in savings? ASB cuts rates to match rivals

Rate-cutting merry-go-round continues as home owners set to save thousands of dollars.

'Hang in there': Experts warn of turmoil in oil, financial markets

Experts urge calm, highlighting long-term market resilience over short-term fears.