Latest from Business

High Court orders ex-CBL managing director to pay $1.4 million

Peter Harris admitted continuous disclosure and misleading conduct breaches back in March.

Americans take controlling stake in NZ software firm at $300m valuation

A second hot education startup falls under US control.

Auckland Airport in countdown to opening new domestic terminal

Analysts welcome 'solid' profit result but international growth slowing.

‘Decade-long affair’ sparks legal battle at 160-year-old bank

Lender alleges former executive helped colleague secure large pay rises and promotions.

ASB cuts fixed mortgage rates

Bank moves a week after the Reserve Bank cut the official cash rate.

Transpower gives green light for generators to use more water

Consumers could be paid to use less power if the situation deteriorates.

Genesis Energy net profit drops by a third

Low lake levels and constrained gas supply drove earnings down.

PwC braced for 6-month ban in China over Evergrande audit

Financial Times: PwC punished for work on failed property developer’s accounts.

Auckland Airport underlying profit up 87% as recovery continues

The company is facing slower-than-expected passenger growth.

Market close: NZ slide continues as Sky subs dwindle, Fletcher sees grim outlook

Company earnings brought investors back to reality.

SPQR liquidators renew liquor licence for failed restaurant

There has been some buyer interest in it.

Sky TV revenue downgrade ‘disappointing’ but analysts keep eye on big dividend prize

Plus: A pricing review is on the way.

Laybuy NZ snapped up by Swedish 'unicorn'

New owner pledged new energy two months after 'heartbreaking' receivership.

Synlait chair defends capital raise plan, says Pōkeno decision imminent

Cash-strapped Synlait has outlined details of its plan to pay off debt.

Mortgage wars: Kiwibank cuts home loan rates

Banks are scrambling to win new customers.

Boeing grounds 777-9 test planes in latest setback

The plane maker discovered a problem with a structural component within the engine.

Jetstar faces same class action as Qantas over Covid flights

Law firm says Jetstar did not refund money to customers despite legal obligation.

Two Wellington bars in liquidation as local economy bites

Declining foot traffic along famous Courtenay Place and economic downturn hit bar owner.