Viagogo argues against court ruling it misled ticket-buyers
Published: October 14, 2025 07:59
Viagog's lawyer said it was difficult to see how an objective person would be misled into thinking Viagogo was a primary ticket seller.
🦜 RNZ Business Headlines
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The Latest Business headlines from RNZ News
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Air NZ pilot wins age discrimination case
https://www.rnz.co.nz/news/business/575898/air-nz-pilot-wins-age-discrimination-case
Published: October 14, 2025 07:13
Captain Garth McGearty had reached the most senior rank, captain of the Boeing 777, when the matter of his age become an issue.
PGG Wrightson chairs ousted by foreign shareholders
https://www.rnz.co.nz/news/business/575907/pgg-wrightson-chairs-ousted-by-foreign-shareholders
Published: October 14, 2025 05:16
PGW's shares were halted on the NZX at its own request on Tuesday because the board had only three directors, breaching NZX listing rules.
Auckland fine dining restaurant the latest to be shuttered
https://www.rnz.co.nz/life/food/sidart-the-latest-auckland-restaurant-to-be-shuttered
Published: October 14, 2025 04:27
Auckland's Sidart closed for good on Saturday after struggling, owner and chef Lesley Chandra says.
LVR changes: How will they affect the housing market?
https://www.rnz.co.nz/news/business/575903/lvr-changes-how-will-they-affect-the-housing-market
Published: October 14, 2025 04:26
Changes might be welcome for people with small deposits, but they are unlikely to make a difference to the housing market overall.
Reserve Bank proposes easing loan-to-value ratios
https://www.rnz.co.nz/news/business/575892/reserve-bank-proposes-easing-loan-to-value-ratios
Published: October 14, 2025 03:11
The chances of first-home buyers getting a mortgage may improve with a proposal to allow banks to lend more to low-deposit borrowers.
Tīrau looks set to get its first Burger King and Starbucks
Published: October 13, 2025 22:30
Local opinion was split, with concerns the arrival of the fast food brands would kill the village vibe, while others thought it would deliver an economic boost.
What's really going on with the housing market?
https://www.rnz.co.nz/news/business/575863/what-s-really-going-on-with-the-housing-market
Published: October 13, 2025 21:52
It's been a patchy year - so are things improving now or not?
Yum cha restaurants are running out of steam
https://www.rnz.co.nz/news/chinese/575852/auckland-s-yum-cha-restaurants-running-out-of-steam
Published: October 13, 2025 21:28
Crippled by debt and the economy, established, authentic eateries are now facing increasing competition.
What's the deal with halal meat in New Zealand?
https://www.rnz.co.nz/life/food/what-s-the-deal-with-halal-meat-in-new-zealand
Published: October 13, 2025 19:08
Muslims are still turning to halal butchers even though most meat is slaughtered halal - but why?
Housing market continues to slide, major cities worst affected
Published: October 13, 2025 18:38
Major cities are leading the decline, amid hopes that lower interest rates may spark some kind of recovery.
General practice 'out of intensive care but still in recovery'
Published: October 13, 2025 18:00
An industry group says there's a risk of some communities will lose doctors unless more is done to improve their financial viability.
How much home loan rates have really dropped
https://www.rnz.co.nz/news/business/575826/how-much-home-loan-rates-have-really-dropped
Published: October 13, 2025 17:36
The official cash rate has fallen from a peak of 5.5 to 2.5 percent but some longer-term fixed rates moved by less than half the drop.
Concerns raised about 'tone' of Financial Markets Authority report on insider trading
Published: October 13, 2025 17:36
Law firm Chapman Tripp said the FMA report on 'shadow insider trading' may exacerbate the trend of falling confidence in the regulator.
Spending more, getting less: What the data shows
https://www.rnz.co.nz/news/business/575834/spending-more-getting-less-what-the-data-shows
Published: October 13, 2025 17:30
Supermarket trips, utility bills and going to cafes have all become more expensive.
Bankers ordered to pay $12.1m after carbon offset partnership fell apart
Published: October 13, 2025 05:58
The High Court in Wellington has found two bankers, Will Leckie and Chris Morrison, breached their duties as directors and partners in the Drylandcarbon management companies.
Some signs of hope as economy struggles to get traction
https://www.rnz.co.nz/news/business/575784/some-signs-of-hope-as-economy-struggles-to-get-traction
Published: October 13, 2025 00:48
But New Zealanders continue to leave the country in record numbers.
New meth rules 'turning a blind eye to casual drug use'
https://www.rnz.co.nz/news/national/575413/new-meth-rules-turning-a-blind-eye-to-casual-drug-use
Published: October 8, 2025 22:53
Regulations are expected to be in force in 2026, but an exact date has not been set yet.
Regional housing markets bouncing back faster than some main centres
Published: October 8, 2025 22:46
Southland, Canterbury and Waikato are strengthening in terms of demand and value growth predictions, a CBRE survey shows.
Extended prescriptions may force some pharmacies to close, industry group warns
Published: October 8, 2025 22:04
Some community pharmacies could be forced to close up over a potential $42 million loss in revenue from extended prescription periods, the industry group warns.
Electricity Authority wants wind, solar export limits to be doubled to 10kW
Published: October 8, 2025 20:12
The rules need to be changed to keep pace with modern solar and battery systems installed in homes and businesses, the Electricity Authority says.
Call for power companies to make it easier to switch and choose plans
Published: October 8, 2025 19:33
Power companies need to step up and help their consumers with better deals, the Electricity Authority says.
Why are gold prices surging?
https://www.rnz.co.nz/news/business/575393/why-are-gold-prices-surging
Published: October 8, 2025 17:43
Prices have surged 50 percent in 2025 alone, marking the metal's biggest rally since the 1970s.
What does 'shock therapy' official cash rate cut mean for households?
Published: October 8, 2025 17:22
And what's likely to happen to house prices, interest rates and the economy.
First home loan rate cuts after OCR drop
https://www.rnz.co.nz/news/business/575356/first-home-loan-rate-cuts-after-ocr-drop
Published: October 8, 2025 06:09
Banks moved quickly after the Reserve Bank cut the official cash rate.
First bank home loan cuts land after OCR drop
https://www.rnz.co.nz/news/business/575356/first-bank-home-loan-cuts-land-after-ocr-drop
Published: October 8, 2025 03:51
ANZ has become the first bank to move its interest rates after the Reserve Bank cut the official cash rate.
Reserve Bank slashes Official Cash Rate by 50 basis points
Published: October 8, 2025 01:03
The central bank has opted for a big cut after facing a difficult call.
How does the Reserve Bank set the OCR?
https://www.rnz.co.nz/news/business/570457/how-does-the-reserve-bank-set-the-ocr
Published: October 7, 2025 20:48
The Reserve Bank is preparing to announce the latest OCR decision. Here's what goes on behind the scenes.
The hotspots in New Zealand's commercial property market
https://www.rnz.co.nz/news/business/575306/the-hotspots-in-new-zealand-s-commercial-property-market
Published: October 7, 2025 20:24
Christchurch dominates but Wellington is struggling, a property firm says.
Weaker business survey tips odds towards bigger RBNZ rate cut
Published: October 7, 2025 19:53
The closely-followed business survey increased the odds of a super-sized 50 basis point cut in the official cash rate on Wednesday afternoon.
Global dairy prices drop 1.6% overnight
https://www.rnz.co.nz/news/business/575300/global-dairy-prices-drop-1-point-6-percent-overnight
Published: October 7, 2025 19:20
The soft result is in line with the market's prior expectations amid a strong milk supply, an analyst says.
The 20-somethings receiving NZ Super
https://www.rnz.co.nz/news/business/575274/the-20-somethings-receiving-nz-super
Published: October 7, 2025 18:00
About 3000 people receiving the pension are not yet 65 - and some are a lot lot younger.
Property investors are back, but are they pushing up house prices?
Published: October 7, 2025 17:55
Investor activity has picked up to 24.6 percent of the market, compared to a low of 22 percent between 2022 and 2024.
Is this New Zealand's highest marginal tax rate?
https://www.rnz.co.nz/news/business/575279/is-this-new-zealand-s-highest-marginal-tax-rate
Published: October 7, 2025 17:29
New Jobseeker rules mean some homes would be better off if the parents worked less, commentators say.
The 'longest, deepest, slowest' job market - recruitment agency
https://www.rnz.co.nz/news/business/575264/the-longest-deepest-slowest-job-market-recruitment-agency
Published: October 7, 2025 06:31
The prime minister claims jobs for young people are still out there, but one of NZ's largest recruitment agencies says the employment market is the tightest it has been in decades.
Make it harder to buy booze with buy-now-pay-later, Salvation Army says
Published: October 7, 2025 05:05
The Salvation Army wants regulatory reform to make it harder to buy alcohol.
Weaker business survey tips odds towards bigger RBNZ rate cut
Published: October 7, 2025 04:14
The closely followed survey showed slowing demand, more staff cuts, reduced investment and profit expectations.
Why you might soon have fewer mail delivery days
https://www.rnz.co.nz/news/business/575202/why-you-might-soon-have-fewer-mail-delivery-days
Published: October 7, 2025 01:07
Changes have been signed off that allow NZ Post to cut its mail service.
Reserve Bank forms new financial policy committee
https://www.rnz.co.nz/news/business/575228/reserve-bank-forms-new-financial-policy-committee
Published: October 7, 2025 00:54
The Reserve Bank New Zealand has formed a new committee to make key decisions around financial stability.
ASB reaches $135.6m settlement over alleged historic breaches of credit disclosures
Published: October 6, 2025 23:21
ASB has reached a $135.6 million settlement to settle a class action lawsuit over alleged historical breaches of credit disclosures.
More than half of renters unable to afford to buy a home, housing report shows
Published: October 6, 2025 22:27
A national housing report indicates three-quarters of renters are dissatisfied with the housing choices available to them.
ASB reaches $135.6 million settlement over historic breaches of credit disclosures
Published: October 6, 2025 21:52
ASB has reached a $135.6 million settlement to settle a class action lawsuit over historic breaches of credit disclosures.
Business sentiment softens, NZIER's quarterly survey shows
https://www.rnz.co.nz/news/business/575196/business-sentiment-softens-nzier-s-quarterly-survey-shows
Published: October 6, 2025 21:46
The survey shows business sentiment at its lowest level this year as sales weaken and firms shed staff and cut investment.
More banks cut mortgage rates ahead of Reserve Bank's official cash rate decision
Published: October 6, 2025 21:11
BNZ says it will reduce a number of its fixed-term rates.
How many job hunters are there for each job ad?
https://www.rnz.co.nz/news/political/575154/how-many-job-hunters-are-there-for-each-job-ad
Published: October 6, 2025 18:01
Finding work may not be as easy as "getting off the PlayStation", data on jobs and job hunters shows.
High Court agrees to $5m penalty for Christchurch Casino after Internal Affairs investigation
Published: October 6, 2025 17:37
An Internal Affairs investigation found the company breached its obligations under anti-money laundering and terrorism financing laws.
Sharesies platform reports record turnover
https://www.rnz.co.nz/news/business/575151/sharesies-platform-reports-record-turnover
Published: October 6, 2025 16:00
Crypto curencies and shares are in demand with record trading of more than $3.3 billion.
New Zealanders jump on bitcoin as it hits record levels
https://www.rnz.co.nz/news/business/575119/new-zealanders-jump-on-bitcoin-as-it-hits-record-levels
Published: October 6, 2025 01:33
New Zealanders are trading hundreds of millions of dollars worth of bitcoin each month as the price hits record levels.
IAG hit with record $19.5m penalty for misleading customers
Published: October 6, 2025 00:41
IAG admitted overcharging 239,000 customers $35m Company failed to apply multi-policy discounts through NZI, State, AMI sales and some major banks IAG self reported, apologised and paid back affected...
Pip Keane appointed RNZ's first chief audio officer
https://www.rnz.co.nz/news/business/575095/pip-keane-appointed-rnz-s-first-chief-audio-officer
Published: October 5, 2025 22:56
Veteran journalist and news producer Pip Keane has been appointed RNZ's chief audio officer.
'The system needs a shakeup': Call for child support changes
https://www.rnz.co.nz/news/business/575052/the-system-needs-a-shakeup-call-for-child-support-changes
Published: October 5, 2025 21:37
A mum says she is in severe hardship as an increasing number of parents raise concerns about the system.
Commerce Commission rejects call for formal inquiry into airport regulation
Published: October 5, 2025 21:15
"We are pleased the commission has rejected calls for a formal inquiry into airport regulation," Auckland Airport chief executive Carrie Hurihanganui said.
Reserve Bank to review Official Cash Rate, experts call for 50 basis point cut
Published: October 5, 2025 19:48
The RBNZ could cut the Official Cash Rate by 50 points this week - but what does that mean for mortgages .
Auckland's Moana festival looks to new government events fund
Published: October 5, 2025 17:44
"I think MBIE have done a really smart thing here and they're going to see the benefits within the one year window of investing in major event and event content."
What is 'revenge saving' and are you part of the latest financial trend?
Published: October 4, 2025 01:22
As the world continues to recover from altered post-pandemic spending habits, this is the latest trend commentators say is taking hold.
Does the bright-line test actually stop property speculators? - Ask Susan
Published: October 3, 2025 21:58
RNZ money correspondent Susan Edmunds answers your questions.
Disability assistance dog trainer in Manawatū stripped of accreditation
Published: October 3, 2025 05:36
K9 Search Medical Detection was dropped from the list of organisations allowed to train such dogs.
NZX struggles to keep companies on board
https://www.rnz.co.nz/news/business/574901/nzx-struggles-to-keep-companies-on-board
Published: October 3, 2025 02:57
The NZX capital markets continue to shrink, with another couple of long-time public listed companies set to go.
FMA urges Kiwi consumers to complain more on financial issues
Published: October 3, 2025 00:46
The FMA has found that fewer than than one-third of people are confident about how to complain about their financial service provider.
Artist Yaacov Agam prevails in court bid to stop sale of work
Published: October 2, 2025 22:04
Internationally renowned artist Yaacov Agam has succeeded in the latest step of his legal battle to stop his work being sold against his will.
Extra leave, school holiday programme help: The employers doing more for working parents
Published: October 2, 2025 21:02
The end of the school holidays is drawing near, bringing with it relief for many parents from the juggle of school holiday programmes or babysitters.
Hospitality sector fears NCEA overhaul will worsen staff shortages
Published: October 2, 2025 21:00
The hospitality sector fears the government's NCEA overhaul will worsen staff shortages and undermine its drive to grow the tourism industry.
Afterpay decison to use buy now, pay later schemes for essentials 'raising red flags' - finance consultant
Published: October 2, 2025 19:23
Afterpay has reversed a policy it put in place in March which stopped people racking up debt by using buy now, pay later on essentials.
New Zealand mobile providers less transparent with customers, consumer watchdog says
Published: October 2, 2025 06:11
Consumer NZ's annual review with the Commerce Commission, released on Tuesday, showed Spark, One NZ and 2degrees all scored poorly.
Westpac latest bank to cut interest rates
https://www.rnz.co.nz/news/national/574803/westpac-latest-bank-to-cut-interest-rates
Published: October 2, 2025 04:22
The bank's one-year home loan rate is in line with BNZ and ANZ.
One third of Kiwi workers have more than one job, research finds
Published: October 1, 2025 23:55
Thirty-three percent of people have taken on another role, the second highest globally after Australia 34 percent.
Bremworth seals deal with world's biggest flooring company Mohawk Industries
Published: October 1, 2025 22:44
However, the deal will likely be scrutinised by the Commerce Commission because Mohawk's subsidiary already owns two other local brands.
Textile firm Nanolayr placed in voluntary administration
https://www.rnz.co.nz/news/business/574769/textile-firm-nanolayr-placed-in-voluntary-administration
Published: October 1, 2025 22:32
The administrators are seeking expressions of interest from potential local and international buyers for the Auckland-based business.
Warehouse Group reports another full-year loss
https://www.rnz.co.nz/news/business/574758/warehouse-group-reports-another-full-year-loss
Published: October 1, 2025 21:03
The group, which owns the 'red sheds', Noel Leeming and Warehouse Stationery stores, said profitability remained below acceptable levels.
ANZ cuts interest rates to match rival BNZ
https://www.rnz.co.nz/news/business/574705/anz-cuts-interest-rates-to-match-rival-bnz
Published: October 1, 2025 05:40
The country's biggest bank has moved to match BNZ with a one-year home loan rate below 4.5 percent.
Government takes softly softly approach to energy reform
https://www.rnz.co.nz/news/business/574695/government-takes-softly-softly-approach-to-energy-reform
Published: October 1, 2025 02:58
Analysis - The government's response to electricity sector reform has been talk of significant changes followed by gradual, piecemeal measures that disappoint many, Gyles Beckford writes.
How Trump's '100 percent tariff' on foreign films might affect New Zealand
Published: October 1, 2025 00:59
Explainer - Donald Trump wants a 100 percent tariff on "foreign movies" made outside the US. What would that do to NZ's film industry?
Timber industry welcomes 10% tariff as a 'bit of relief'
Published: October 1, 2025 00:26
News the US imposed a tariff of 10 percent on imported timber has come as a relief to industry, which expected a higher figure.
What you need to be among New Zealand's richest people
https://www.rnz.co.nz/news/business/574634/what-you-need-to-be-among-new-zealand-s-richest-people
Published: September 30, 2025 21:16
New data shows what you need to be among the country's richest people.
What you need to be among the New Zealand's richest people
Published: September 30, 2025 16:57
New data shows what you need to be among the country's richest people.
Port of Auckland hails remarkable turnaround
https://www.rnz.co.nz/news/thedetail/574632/port-of-auckland-hails-remarkable-turnaround
Published: September 30, 2025 16:03
A new tripartite agreement for the Port of Auckland signals a turnaround for a workplace long dogged by controversy, including debt, delays and death.
Company liquidations up 26% despite improving credit trends
Published: September 30, 2025 16:03
Company liquidations are up 26 percent on last year.
Santana Minerals close to lodging application for $4.4 billion Central Otago gold mine
Published: September 30, 2025 05:42
Getting consent for a vast gold mine is an "extremely rigourous and difficult process", the company has told shareholders.
Minister Chris Penk steps in to help small businesses wrongfully suspended by Meta
Published: September 30, 2025 05:19
RNZ has heard from over 30 New Zealanders and small businesses who've had their accounts suspended after being accused of breaching Meta's rules
Business confidence unchanged as manufacturing sector showing signs of life
Published: September 30, 2025 03:47
ANZ's monthly sentiment headline measure was unchanged at a net 50 percent of firms expecting an improvement in the year ahead.
Carter Holt Harvey closes Tokoroa plywood plant, 119 jobs to go
Published: September 30, 2025 03:18
The future of the factory has been up in the air for the last two weeks.
Wine export volumes strong, value down slightly in year ended June
Published: September 29, 2025 23:17
NZ Winegrowers annual report indicates exports rose 5 percent by volume in the year ended June, though the value of exports was down slightly at $2.10 billion.
SolarZero, Kitchen Things staff receive payments - but customers aren't so lucky
Published: September 29, 2025 22:27
Customers are likely to lose out.
Fast food operator Restaurant Brands recieves full takeover offer
Published: September 29, 2025 21:17
Restaurant Brands operates the KFC, Pizza Hut, Taco Bell and Carl's Jr. brands in New Zealand.
Commerce Commission willing to approve power companies' massive coal stockpile
Published: September 29, 2025 20:42
It aims to to reduce the risk of future electricity shortages during a "dry winter".
How many more empty shops are there really?
https://www.rnz.co.nz/news/business/574539/how-many-more-empty-shops-are-there-really
Published: September 29, 2025 20:38
Data reveals extent of Auckland, Wellington's retail woes
Home loan rate drops below 4.5%
https://www.rnz.co.nz/news/business/574534/home-loan-rate-drops-below-4-point-5-percent
Published: September 29, 2025 20:04
BNZ says it will drop its one-year fixed home loan rate to 4.49 percent.
Southern Cross posts $56.9 million deficit for year ended June
Published: September 29, 2025 16:57
The Southern Cross Health Society continues to make record returns to members, though insurance premiums will rise as costs have left the society's insurance business in the red.
Why are there two Woolworths diagonally opposite each other in Napier?
Published: September 29, 2025 07:35
The continued existence of the supermarkets so close to each other has raised plenty of questions.
Nelson's Kervella Cheese closure leaves growing holes in industry
Published: September 29, 2025 05:40
Nelson's Kervella Cheese is closing down citing brutal compliance costs and a seven-day a week schedule to keep the business going.
Reserve Bank could have responded quicker to tackle Covid inflation, new report says
Published: September 29, 2025 00:53
The central bank has reviewed how it handled monetary policy.
Can your employer stop you drinking water?
https://www.rnz.co.nz/news/business/574450/can-your-employer-stop-you-drinking-water
Published: September 28, 2025 23:48
A union says it's had to take on a number of retail chain stores over employees' rights to have a drink bottle at work.
Synlait Milk reports full-year loss ahead of asset sale
https://www.rnz.co.nz/news/business/574436/synlait-milk-reports-full-year-loss-ahead-of-asset-sale
Published: September 28, 2025 22:36
The infant formula producer reported a loss of $39.8 million for the year ended July, with total revenue up 12 percent of $1.83 billion.
Stuff staff revolt at reduced pay offer following strike
https://www.rnz.co.nz/news/business/574442/stuff-staff-revolt-at-reduced-pay-offer-following-strike
Published: September 28, 2025 22:24
Union E tū said it was disappointing Stuff was trying to "punish" workers by making a worse pay offer than was previously on the table.
Banking industry in for Gen Z inspired shake up, report says
Published: September 28, 2025 21:04
The way banks operate is in for some changes with sweeping regulatory reforms, digital innovation and the changing customer expectations, law firm Chapman Tripp says.
Using AI to 'bring a bit more humanity back into banking'
https://www.rnz.co.nz/news/business/574430/using-ai-to-bring-a-bit-more-humanity-back-into-banking
Published: September 28, 2025 20:28
A financial consultant believes AI will transform New Zealand's banking sector and how consumers interact with their banks.
What sectors are barely paying more than minimum wage?
https://www.rnz.co.nz/news/business/574411/what-sectors-are-barely-paying-more-than-minimum-wage
Published: September 28, 2025 17:11
NZ might have a dozen sectors paying at least a median $100,000 a year, but there are almost as many paying barely more than the minimum wage
Recent first-home buyers 'stuck' with lenders, brokers say
https://www.rnz.co.nz/news/business/574380/recent-first-home-buyers-stuck-with-lenders-brokers-say
Published: September 27, 2025 23:30
Banks are competing hard for new business, by offering cashback incentives of many thousands of dollars.
Tokoroa plywood plant workers wait to hear if still have job
Published: September 27, 2025 03:36
Carter Holt Harvey announced earlier in September they were consulting on closing the plant.
Why do we pay tax on NZ Super? - Ask Susan
https://www.rnz.co.nz/news/business/574302/why-do-we-pay-tax-on-nz-super-ask-susan
Published: September 26, 2025 22:13
RNZ money correspondent Susan Edmunds answers your questions.
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