CompaniesThe future of AI? Tech titan slashes 40% of workforce overnightShares in Block jumped as much as 27% as investors backed Jack Dorsey's AI-driven cull.28 Feb 12:31 AM
PremiumPremiumBusinessTesco walked away from talks to take on supermarket duopoly, documents showAldi and Lidl also declined to engage, leaving the supermarket duopoly intact.27 Feb 11:00 PM
PremiumPremiumBusiness'Time for us to hand over' - Pendergrasts to sell $100m+ Auckland mall'Proud of the energy we have put into it' - Glenfield Mall's Ross and Dallas Pendergrast.27 Feb 04:00 PM
PremiumPremiumPropertyAuckland builder to pay $5000 after sediment pours into Oakley CreekSediment-laden water from the New Windsor site flowed into Oakley Creek.27 Feb 03:44 AM
Freight and logisticsWeak market conditions dampen Move Logistics resultMove Logistics cut its net loss to $900,000, an $8m improvement on last year.27 Feb 12:24 AM
Banking and finance'Highly sophisticated' fraudsters posing as bank staff in cold calls to customersThe scammers are described as persistent and credible.26 Feb 09:56 PM
CompaniesUS plaintiff testifies she was hooked on social media in blockbuster trialThe 20-year-old told the court she spent up to 16 hours a day on Instagram.26 Feb 09:53 PM
Property'Continued to achieve': Summerset's outstanding resultNew Zealand's biggest retirement business drives up profit after many sales.26 Feb 08:54 PM
Freight and logisticsResilient trade pays off: Port of Tauranga beats profit forecastsThe port raised its full-year profit forecast to between $142m and $152m.26 Feb 08:27 PM
PremiumPremiumAirlinesAir New Zealand political drama: Airports support ‘reset’ after $40m lossAs Air NZ aims to climb out of dumps, it gets both backing and calls for transparency.26 Feb 06:00 PM
PremiumPremiumTourismWorker left with broken front teeth as customer abuse soars in hospitalityMore than a third of respondents experienced negative behaviour from customers.26 Feb 05:50 AM
PremiumPremiumBanking and financeBankers 'blindsided' by RBNZ's ATM proposal – what the Governor told them over lunchNicola Willis is not picking sides in the battle. 26 Feb 12:50 AM
AirlinesAir New Zealand loses $40m in six months, Qantas makes $1bAirline blames engine dramas, sluggish domestic demand, high costs, and weak dollar.26 Feb 12:46 AM
PremiumPremiumAirlines'We need to be fighting fit': Air NZ chief on his plan to reset airline after big lossIt seems all options on the table as airline confronts sobering challenges.25 Feb 10:57 PM
PropertyProfit pain, pipeline gain: $3.2b landlord sticks with big build ambitionsPrecinct has 97% occupancy in its portfolio. Planning new 56-level Auckland twin-towers.25 Feb 08:55 PM
Interest ratesMortgage rate U-turn: Another major bank cuts long-term ratesLess than a month after hiking its long-term rates, BNZ has backflipped.25 Feb 08:32 PM
AirlinesAirlines: When Ohakea will be available 24/7 for biggest aircraftA decision on an Air Force base for jumbo jets has long been awaited.25 Feb 04:00 PM
PremiumPremiumRetailKiwis turn away from beer and wine as alcohol consumption hits all-time lowNew Zealanders now average 1.6 standard drinks per adult per day.25 Feb 04:00 AM
PremiumPremiumAirlinesRegional airline loans welcomed after soaring costs batter operatorsCarriers around the country may need a lifeline for the lifelines they provide.25 Feb 03:59 AM
PremiumPremiumRetailWoolworths NZ's half-year revenue jumps to $4.41bThe company cited benefits from its move to rebrand from Countdown to Woolworths.25 Feb 03:42 AM
HealthcareWeight-loss drug boom and pet push drive Ebos revenue surge despite profit dipEbos expects capital spending to drop about 30% as new depots are finished.24 Feb 10:39 PM
AgribusinessBig harvest, big profit: Scales bets on apples and proteins for next growth waveScales Corp lifted annual profit to $101m as revenue surged 54% to $899.9m.24 Feb 10:14 PM
Banking and financeReserve Bank proposes requiring banks to set up 1000+ new ATMsRegulator suggests banks will need to fork out $104m a year to provide more cash services.24 Feb 10:00 PM
EnergyMeridian swings to $227m profit as wind and hydro deliver bumper half-yearMeridian swung from a $121m loss to a $227m profit on strong hydro and wind.24 Feb 09:52 PM
TelecommunicationsSpark to block 300 phones that can’t make emergency calls after 3G shutdownOwners of some models can fix the issue by installing a software update.24 Feb 08:49 PM
WorldPost-it maker 3M on trial in Belgium over 'forever' chemicalsAbout 1400 locals are each seeking €20,000 in compensation from 3M.24 Feb 06:21 PM
Banking and financeANZ's former CEO drops legal action over A$13.5m bonus cut Shayne Elliott among executives to be penalised after bank was fined for misconduct.24 Feb 04:02 AM
PremiumPremiumPropertyApartment owners hit with $130k bill to remove fallen pōhutukawa treeThe tree was craned off the blocked lawn into the Te Uru Tapu project after three years.24 Feb 03:00 AM
WorldTrump Organisation moves into Australia, high-rise tower planned for holiday hotspotDevelopers said they hope the skyscraper will attract the 'world’s wealthiest people'.23 Feb 10:36 PM
AirlinesSamoa airport fee increase sparks wrath of global airline groupSurge in fees from next week will impact tourists and diaspora, airlines say.23 Feb 09:51 PM
PremiumPremiumPropertyOpened today: First stage of new 46ha $230m Whenuapai projectThe estate is near the fast-expanding Westgate in the city's northwest outskirts.23 Feb 09:00 PM
PropertyIndustrial landlord lifts profit, hikes dividend guidance after strong half-yearNet profit jumped to $46.9m on $73.5m revenue in the half-year to December 31.23 Feb 08:58 PM
EnergyMercury lifts profit and dividend as strong hydro boosts $537m earningsNet profit rebounded to $20m from a $67m loss during 2024's price spike.23 Feb 08:44 PM
ManufacturingVulcan Steel revenue up, profit down, says economy likely picked up in late 2025Steel company says it faces complex mix of challenges on both sides of the Tasman.23 Feb 08:06 PM