ANZ has flagged a AU$1.1 billion (NZ$1.25 billion) bottom-line hit line tied to its recently announced mass job cuts and the biggest settlement ever with the securities regulator.
Business
Friday 3:42pm
Watercare estimated the overflow volume was about 1200 cubic metres, but did not know how much had reached the harbour.
Environment
Friday 9:25am
1:33
In a statement, Fonterra said it received a "strong mandate", with 88.47% of votes in support of the sale.
Thu, Oct 30
4:16
The Auckland District Licensing Committee has declined an application from SSB 2024 to revive an off-licence bottle shop at 70 Russell Rd, Manurewa.
1:30
It announced this morning it would reduce its one-year fixed rate to a rate lower than the major banks.
Wed, Oct 29
Just 2% of respondents in the Retail Radar survey said they would hire significantly more additional staff.
Mon, Oct 27
The public holiday falls on the fourth Monday in October and commemorates the eight-hour working day.
Sun, Oct 26
Parents want what's best for their kids - including a financially comfortable future - but that can be a daunting prospect.
Sat, Oct 25
Prime Minister Christopher Luxon pitched NZ as a "safe haven" for European investment at the inaugural EU-NZ Business Summit today in Auckland.
Fri, Oct 24
Elon Musk was predicting 20% to 30% sales growth for 2025 at this time last year – but it hasn't turned out that way.
Thu, Oct 23
Clandeboye plant in South Canterbury would increase the site's butter production capacity by up to 50,000 metric tonnes a year
Wed, Oct 22
Gareth Kiernan, chief forecaster at Infometrics, said it could be an option that was worth considering.
The airline said it had hoped for an increase in domestic and US flights, which did not materialise, while ongoing problems with engine repairs would cost another $20m in addition to other costs.
Six of the banks' standard loan rates were dropped by between 0.04% and 0.40%.
Weeks of meetings and casting votes ends with 87% in favour of the $270m sale to Dawn Meats, in a result announced today by New Zealand’s largest lamb processing company.
Tue, Oct 21
Users reported issues with TVNZ+, Sky, Snapchat, Roblox, Fortnite, online broker Robinhood, the McDonald’s app and many other services.
Its six-month rate will drop by 10 basis points, from 4.95% to 4.85%. Its 18-month rate will drop by four basis points, to 4.45%.
Mon, Oct 20
Tax department details arrest warrants, bank account deductions that have pulled in almost $12 per $1 spent.
Leader Chris Hipkins said "years of underinvestment have left too many great Kiwi ideas without support, while the wealth we create flows offshore".
Described as "up to the size of a ping-pong ball", the blueberries are being planted in the Kerikeri and Waikato regions.
One expert says consumers might want to consider fixing their mortgages while interest rates remain low.
Sun, Oct 19
The Government announced in July a ban on surcharges on card payments in-store, such as PayWave, from no later than May 2026.
Marketing expert Bodo Lang identifies key factors that may be putting local companies under pressure.
Meta said that parents will be able to get "insights" about what their kids are chatting about with AI characters — although they won't get access to the full chats.
Sat, Oct 18
Bendigo Station would be known to many New Zealanders as the home of Shrek the sheep.
Fri, Oct 17
