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Business headlines with summaries.
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Medical cannabis company goes into voluntary administration
28 Mar 2024The company earlier reported a full-year loss of $8.8 million.
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Wānaka supermarkets deliberately breaching Easter trading rules
30 Mar 2024Foodstuffs says its Wānaka New World stores have decided to stay open across Easter Weekend in breach of the holiday's trading laws.
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Business confidence falls again, but retail expected to turn around
28 Mar 2024The latest ANZ Business Outlook survey showed headline confidence fell 12 points to a net 23 percent.
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Lower interest rates near, Reserve Bank hints
28 Mar 2024The tide is turning on inflation, and RBNZ governor Adrian Orr says "we're now in a much happier space". Audio
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Breathing devices recalled by Fisher and Paykel Healthcare
28 Mar 2024The company said alarms on its Airvo-2 and myAirvo-2 humidifiers made before 14 August 2017 may not work properly in alerting a user to falling oxygen levels.
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Solar power producer raises $6m for new solar farms
28 Mar 2024The community-scale farms will produce 18 megawatts of energy, enough to power nearly 4000 homes.
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Consumer confidence slides with confirmation of recession - ANZ survey
28 Mar 2024Consumer confidence has been knocked down putting an end to a steady improvement in sentiment over recent months.
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Advertised salaries rising at 'decent pace', quicker than in Australia
28 Mar 2024Salaries on offer are rising faster than the annual rate of inflation at 5 percent, and faster than what's seen in Australia.
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Price gap between new homes and existing houses expected to narrow
28 Mar 2024New builds have been 6 percent more expensive than existing properties but there could be a shift in demand as tax incentives dry up, a CoreLogic NZ report indicates.
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Sanitarium proposes cutting 49 jobs, will axe some breakfast cereals
27 Mar 2024Muesli, granola, flake, clusters, and puff cereal will stop being made by the company.
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Fruit and vege prices drop, but shoppers still feel the pain
27 Mar 2024Supermarket shoppers are still holding out for savings on fruit and vegetables, after the announcement that prices have fallen.
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Full-year results met expectations, New Zealand King Salmon says
27 Mar 2024But the year ended on a slightly weaker note with a smaller than expected harvest.
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Synlait Milk in trading halt to finalise $130m loan extension
28 Mar 2024The company said it requested the trading halt to give it more time to talk to its bankers and major shareholder about the loan repayment.
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NZ Forestry 'struck to our knees' by weak demand
28 Mar 2024Log inventories are piling up as orders from China slow in wait for prices to hit rock bottom, a forestry consultant says.
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Southland businesses hit as farmers slow spending
The Southland Chamber of Commerce says nearby service industries are doing it tough as farmers spending drops.
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Port of Auckland workers protest mayor's long-term lease proposal
28 Mar 2024Workers gathered on the streets outside Auckland Town Hall to oppose the ports being leased out by the council.
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Hospitality woes: 'A lot of us feel like we're in mud'
28 Mar 2024Higher costs and cash-strapped consumers are leaving those in the hospitality industry in serious trouble. Audio
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Willis promises tax cuts as late return to surplus revealed
The government's books are in worse shape than thought but the Finance Minister says she will deliver. Audio
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Chocolate and coffee getting pricier
28 Mar 2024Local experts say although coffee and chocolate are getting more expensive, they won't disappear entirely.
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Trump Media soars in stock market debut
27 Mar 2024Shares surged in opening trade giving the firm a market value of more than $9 billion, which is far more than warranted, analysts say.
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Economy likely a 'slow grind' over 2024, ASB predicts
27 Mar 2024ASB's latest quarterly economic forecast shows the economy will likely stay flat over 2024, due to interest rate pressures and "some pockets" of increasing living costs.
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Fewer jobs advertised, applications rise for fifth consecutive month
27 Mar 2024The number of job ads in February fell 3 percent on the month before, with main centres recording the largest drop in hiring activity.
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AI takes on human for wine disease-spotting supremacy
26 Mar 2024A human is competing against an AI on a project aimed at detecting a disease costing the New Zealand wine industry millions.
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Customers overcharged nearly $600k after Southern Cross failed to apply discounts
26 Mar 2024The Financial Markets Authority said the cause was due to poor controls or technical errors.
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