NBR | Independent business news, Finance, Investment, Tech, Law

ANALYSIS: Profit forecasts are down but the share price is up at ASX-listed Endeavour group as investors watch what the company will do under Hrdlicka’s leadership.

Lachlan Colquhoun Wed, 21 Jan 2026

Margin Call

Investment, infrastructure, inference, big money players

ANALYSIS: Summing up the direction of AI in 2026.

Tim Chesterfield Tue, 20 Jan 2026

Investment

Carpark dispute included in new Fletcher provisions

Fletcher previously booked a $15m provision for Wellington Airport's $40m claim, but latest disclosures point to a higher figure.

Tim Hunter Wed, 21 Jan 2026

Vintage ‘overdelivery’, US tariffs pare back Booster land fund

A positive year for kiwifruit was offset by poor avocado export returns.

Brent Melville Wed, 21 Jan 2026

A2 Milk shares hit as China births fall to record low

Stock falls 15% after release of latest stats.

NBR Staff Tue, 20 Jan 2026

Economics

Retailers not out of the woods after disappointing December drop

Electronic card spending fails to find festive cheer at the end of 2025, with an uncertain road ahead in election year.

Jonathan Mitchell Thu, 22 Jan 2026

Services sector finally re-enters expansion zone

New data gives economic recovery some extra credibility with inflation numbers just around the corner.

Jonathan Mitchell Tue, 20 Jan 2026

Stay in your lane: Foreign Minister criticises new RBNZ Governor

Dr Anna Breman had lent her support to under-fire US Federal Reserve counterpart Jerome Powell.

Jonathan Mitchell Wed, 14 Jan 2026

Politics

Political parties start pitching for votes ahead of November poll

Prime Minister warns that an alternative government could put recovery at risk.

Brent Edwards Wed, 21 Jan 2026

Luxon: The recovery is here but don’t expect a ‘lolly scramble’

PM’s State of the Nation speech outlines a ‘steady as she goes’ style election campaign with no new policy announcements today.

Simon Shepherd Mon, 19 Jan 2026

National and Labour start planning for election year

All parties and their MPs will be back to the grindstone next week when Parliament resumes sitting. But what’s on the agenda this week?

Brent Edwards Mon, 19 Jan 2026

Te Ao Māori

Tend partners with Ngāti Whātua Ōrākei

Ngāti Whātua Ōrākei takes a strategic stake in Tend Health as the group prepares to expand to 25 clinics.

Mike McRoberts Thu, 22 Jan 2026

Ngāpuhi builds investment team

Ngāpuhi Asset Holding Company announces new CEO as it looks to link land and opportunity in the north with capital.

Mike McRoberts Wed, 21 Jan 2026

New private credit fund backs Māori economy

Toroa wholesale fund promises Māori enterprises a different kind of lender and gives private capital investors direct access to the fast-growing Māori economy.

Mike McRoberts Wed, 14 Jan 2026

Primary Industries

Rockit-backed syndicate tips into administration

A director says the company sustained a ‘king hit’ in Cyclone Gabrielle and fought ‘tooth and nail’ but couldn’t withstand further downgrades to grower returns.

Kate McVicar Wed, 21 Jan 2026

FrostBoss goes electric

A Central Otago orchard has installed the Hawke’s Bay manufacturer’s first electric frost fan.

Tim Hunter Tue, 20 Jan 2026

Dairy prices move in positive direction

The overnight auction broke nine consecutive declines after a negative end to 2025.

Jonathan Mitchell Wed, 07 Jan 2026

Australia

Australia extends life of biggest coal-fired plant

Renewable generation is at record highs, but there are issues with grid distribution infrastructure.

Lachlan Colquhoun Tue, 20 Jan 2026

Under-siege ASX faces an end to its monopoly

After a year to forget in 2025, things could get even tougher for the ASX in 2026.

Lachlan Colquhoun Fri, 02 Jan 2026

The year Aussie conservatives hit rock bottom

A landslide victory for Labor at the May election has sent Australian conservatives into the political wilderness, uncertain of how they can bounce back.

Lachlan Colquhoun Sun, 28 Dec 2025

Tech & Innovation

Ara Ake helps Cetogenix scale up biogas with $1m repayable loan

But the Rotorua-based company is still seeking further private investment to deploy a fourth-generation pilot plant at Ecogas.

Fiona Rotherham Thu, 22 Jan 2026

Legal tech startup Ivo raises US$55m in Series B round

Founder Min-Kyu Jung says Blackbird Ventures approached him wanting to invest more money.

Fiona Rotherham Wed, 21 Jan 2026

Arria cites ‘financing setback’ as listing recedes

Shareholder update blames capital raising difficulties on tariffs and changes to superannuation rules.

Tim Hunter Tue, 20 Jan 2026

Law

US multinational’s claim against Montoux set for October

Wellington-founded firm went into liquidation in 2024 after Fidelity National Information Services accused it of stealing trade secrets.

Hamish McNicol Tue, 13 Jan 2026

Employment Hero drops legal action against investor Seek

The HR services provider had alleged anti-competitive conduct against its rival and investor last year.

NBR Staff Thu, 08 Jan 2026

Environment Court stays abatement notices on Northland plant

Whangārei businessman Warren Sinclair and Black2Green 2025 appealed notices shutting down a waste-to-energy project.

Fiona Rotherham Wed, 07 Jan 2026

Finance

‘Game on’: Kiwibank’s goal to erode Aussie-owned bank profits

CEO Steve Jurkovich is bullish about the bank’s prospects as it gears up for another big year in 2026.

Jonathan Mitchell Sat, 27 Dec 2025

Kiwibank capital raise gets kicked to the sidelines

Parent company Kiwi Group Capital decides to hit pause after the RBNZ’s capital requirement changes.

Jonathan Mitchell Fri, 19 Dec 2025

Bank cashback deals create tsunami of mortgage switches

Lender processing times have blown out as cashback offers prompt widespread switching by borrowers between banks.

Brent Melville Fri, 19 Dec 2025

The NBR Podcast

Podcast #87: Vessev – Flying into 2026

LISTEN: The electric hydro-foiling Kiwi startup is planning to take its flying boats to the world.

Simon Shepherd Tue, 20 Jan 2026

Podcast Summer Series: Election year 2026

LISTEN: Political editor Brent Edwards on the shape of the Coalition and Opposition as we think about going to the polls later this year.

Simon Shepherd Tue, 13 Jan 2026

Podcast Summer Series: Tech & startups 2025

LISTEN: Journalists Will Mace and Fiona Rotherham take us on the tech rollercoaster of 2025.

Simon Shepherd Tue, 06 Jan 2026

General Business

NZX50 slides most in a week since Dec 2024 amid lurking rate hike

Spark is still losing mobile market share.

Curious News Fri, 23 Jan 2026

NZX50 bounces back as Trump eases up on Greenland talk

Kiwi slides vs Aussie as strong jobs data spurs on RBA rate hike bets.

Curious News Thu, 22 Jan 2026

CBL liquidators seek sale of Sir Michael Jones statue

The collapsed insurer provided $300,000 funding for the statue outside Eden Park back in 2011.

Hamish McNicol Thu, 22 Jan 2026

Deals

Fuel providers NPD, Gull to merge

Merger would create a network of 240 sites across the country and is subject to Commerce Commission approval.

Hamish McNicol Thu, 25 Dec 2025

AS Colour pulls in Quadrant investor, reveals $500m annual sales

Blank clothing brand, which was founded by Lawrence Railton in 2005, now has 27 retail sites around the world.

Will Mace Wed, 10 Dec 2025

Movac takes a seat with Hnry after $30m Series C raise

Long-time backer Icehouse Ventures also increases its stake in the Wellington accounting fintech.

Jonathan Mitchell Wed, 10 Dec 2025

Tourism

Wairoa River ramps it up with boat races back in action

Powerboat and water ski racing returns to the Wairoa River, giving the flood-weary Hawke’s Bay town a reason to gather, remember, and enjoy itself for a weekend.

Mike McRoberts Sun, 18 Jan 2026

Hollyford, Ngāi Tahu’s taonga walk

Ngāi Tahu Tourism’s premium Hollyford Wilderness Experience mixes comfort, cultural responsibility, and conservation work in a valley where Fiordland still feels like itself.

Mike McRoberts Sat, 17 Jan 2026

Tourism bordering on an events-driven recovery in 2026

The industry has yet to get back to pre-pandemic levels, but NZICC opening is a good start.

Brent Melville Thu, 08 Jan 2026

Infrastructure

Off the rails: train disruption extends to nearly half a year

Contracted Australian/Singaporean rail operator Auckland One continued to be paid as per contract, while AT blames KiwiRail for price hikes.

Brent Melville Tue, 20 Jan 2026

AT rail, bus fares up 23% since pandemic

The fourth annual hike in succession comes amid passenger train disruption and cuts to available parking in the city.

Brent Melville Fri, 16 Jan 2026

Rule relaxation paves way for more development

Infrastructure lobby welcomes swathe of changes and the first National Policy Statement for infrastructure.

NBR Staff Thu, 15 Jan 2026

Property

Precinct, Orams exceed height limit on Auckland waterfront

Residents raise concerns while Infrastructure Minister Chris Bishop overrides a negative recommendation by the Ministry for the Environment.

Brent Melville Thu, 15 Jan 2026

A cracking year for listed property looms, housing uncertain

The residential market faltered last year, while the listed sector retraced prior year losses, with more expected into 2026, analysts say.

Brent Melville Thu, 08 Jan 2026

Viaduct’s QT goes as Super Fund looks to offload $600m portfolio

Australian entertainment and hotels company EVT has picked up the first of the New Zealand Hotel Holdings eight-hotel portfolio.

Brent Melville Mon, 05 Jan 2026

Professional Services

Accenture NZ revenue falls 11%, loss narrows

Consulting revenue fell more than $50m in 2025 after several years of strong growth.

Hamish McNicol Fri, 16 Jan 2026

Deloitte, KPMG, committed to restructuring business

PwC NZ’s deal to sell its restructuring services unit yesterday follows EY disbanding its restructuring arm in 2024.

Hamish McNicol and Nicholas Pointon Wed, 14 Jan 2026

PwC sells business restructuring unit to global advisory Teneo

Sale comes on the heels of PwC Australia’s sale of its restructuring unit to Teneo last year.

Will Mace Tue, 13 Jan 2026

NBR Focus

Dealmakers 2025: Distress, restructuring, and when to say ‘when’

Corporate asset sales, insolvency processes, and equity raise recapitalisations have contributed heartily to M&A advisers’ work this year.

Will Mace Fri, 17 Oct 2025

Dealmakers 2025: Adviser focus – BDO

Accounting firm had a hand in 25 closed deals during the year ended June 30, 2025, collectively worth just over $1 billion.

Hamish McNicol Fri, 17 Oct 2025

Dealmakers 2025: Adviser focus – Duncan Cotterill

The firm is optimistic for the period ahead, particularly as interest rates continue to fall and the macro environment improves.

Hamish McNicol Thu, 16 Oct 2025

Retail

Costco NZ reports maiden profit as it gears up for expansion

The international retailer reported a $9.6m profit in the year ended August 31 in New Zealand.

Jonathan Mitchell Mon, 05 Jan 2026

Retail 2025: Some thrived, others just survived

Retail experts take stock of a challenging year.

Kate McVicar Fri, 26 Dec 2025

AS Colour founder’s journey from garage bands to global brand

Lawrence Railton’s apparel retailer and wholesaler sells $500m worth of product a year, and is still expanding.

Will Mace Thu, 11 Dec 2025

Luxury Property

Matakana’s Matisse, Pyes Pa’s grand dame, and Bendigo wining

For the NBR Rich Listers and other high-net-worths who have everything, comes 800 pieces of art, a high-class restaurant – and pink snails.

Brent Melville Wed, 17 Dec 2025

Waiheke billionaire bolthole, Castor Bay views, Erskine chapel

The luxury property market is heating up, as New Zealand opens its doors to ‘golden visa’ holders and diamonds emerge in the rough.

Brent Melville Wed, 26 Nov 2025

Omaha’s ‘I feel good’ factor, Ayrs and graces, and Grand Designs

Two next-door properties on Omaha’s beachfront, while Meehan sells off luxury residence packages for record prices at Ayrburn.

Brent Melville Wed, 29 Oct 2025

Aviation News

Air India said to be replacing Campbell Wilson as CEO

Carry On: Chinese airlines' A320 splurge, Airbus vs Boeing in 2025.

Nevil Gibson Sat, 10 Jan 2026

China Airlines adds to big Airbus A350-1000 order

Carry On: Malaysia upgrades Auckland route, Canadian member for Oneworld.

Nevil Gibson Sat, 27 Dec 2025

Canadian entrepreneur gets keys to first Global 8000

Carry On: Comac’s business jet, air taxi developments, peak summer traffic.

Nevil Gibson Sat, 20 Dec 2025

Energy

‘Chasing the sun’ as Lodestone mulls IPO

Solar firm has about 15 projects on the go, and its pipeline could get to between $1.5b and $2b within the next five years.

Brent Melville Fri, 16 Jan 2026

The next wave in renewable energy

Wave and tidal power, seen decades ago as a potential source of reliable electricity, has never lived up to its hype. But there are signs of progress.

Tim Hunter Mon, 05 Jan 2026

ComCom to look at ‘counterproductive’ clauses in energy contracts

The Major Electricity Users’ Group says punitive commercial terms are ‘disappointing’.

Brent Melville Thu, 18 Dec 2025

Rich List 2025

Featured Rich Listers: Wi Pere Trust

It’s estimated the Wi Pere Trust will need another three years to repair hill country fences affected by Cyclone Gabrielle and rebuild soil structure and fertility on its 7000ha of hill country.

Owen Poland Wed, 19 Nov 2025

Featured Rich Lister: Glenn Hawkins

In late 2024, there was a minor reshuffle of Avanti Finance’s share register that saw Hawkins increase his majority stake in the business by 3.5% to almost 63%.

Owen Poland Tue, 18 Nov 2025

Featured Rich Lister: Don Braid

Apart from navigating US President Trumps tariff announcements, also on Braid’s Mainfreight plate in 2025 is the vexed question of what will be done about the Cook Strait ferry debacle.

Owen Poland Mon, 17 Nov 2025

Marketing & Media

Leaked emails reveal SkyCity breached NBR copyright

The listed casino operator had been distributing PDF copies of NBR articles to staff using just one subscription.

NBR Staff Wed, 21 Jan 2026

NBR bans banking giant Macquarie for alleged copyright breaches

Investigations suggest the A$79b market cap firm shared one subscription among dozens of staff.

NBR Staff Fri, 16 Jan 2026

Fourth firm pays damages for NBR copyright breaches

The investment firm used one subscription for multiple staff over several years.

NBR Staff Mon, 22 Dec 2025

Comings & Goings

Foodstuffs NZ appoints new chief customer officer

Deirdre Boyle is currently the chief customer officer at Flybuys Australia.

Fri, 23 Jan 2026

AA Insurance appoints chief financial officer

Peter Gudsell will formally step into the CFO role on 24 March 2026.

Tue, 20 Jan 2026

Former NZ boss takes charge at AMP

Blair Vernon appointed as AMP CEO as Alexis George retires.

NBR Staff Tue, 20 Jan 2026

Beyond the Blue thrives beyond Covid as luxury travel runs hot

Beyond the Blue thrives beyond Covid as luxury travel runs hot

Snow Machine’s Aussie founder sparks new Queenstown Wharf Bar

Family tourism venture not just about making money

Free News Alerts

Powell’s press conference expected to overshadow rate decision

Powell’s press conference expected to overshadow rate decision

Minnesota Governor wants ICE agents out; Trump threatens Canada

Minnesota Governor wants ICE agents out; Trump threatens Canada

What’s at stake in the economic debate

What’s at stake in the economic debate

Your wellness 2026 blueprint

TikTok stops the clock on US uncertainty

Australia, Peru sign open skies agreement

Higher inflation brings forward rate hike expectations

Airwallex audited in Australia over money laundering fears

Analysts pick Genesis capital raise by June

Beyond the Blue thrives beyond Covid as luxury travel runs hot

Minnesota Governor wants ICE agents out; Trump threatens Canada

Powell’s press conference expected to overshadow rate decision

High Court dismisses lawyer’s appeal against suspension

Higher inflation brings forward rate hike expectations

Analysts pick Genesis capital raise by June

Hipkins promises grassroots campaign to counter National ‘lies’

Dealing with the erratic behaviour of US President Donald Trump

Luxon: The recovery is here but don’t expect a ‘lolly scramble’

Kiwibank yes, Transpower no

Fletcher sells Construction businesses for $315.6m

Rockit-backed syndicate tips into administration

Pacific Channel courts Engie’s Singapore VC arm

Broadtech adds TransWorks scale

High Court dismisses lawyer’s appeal against suspension

NZ Rugby returning to US with All Blacks South Africa test match

First-home buying hits record highs

Akaroa King Salmon proudly wears ‘small farmer’ badge

Akaroa King Salmon proudly wears ‘small farmer’ badge

Hipkins promises grassroots campaign to counter National ‘lies’

Hipkins promises grassroots campaign to counter National ‘lies’

The lawyer who swapped shorts for torts

The lawyer who swapped shorts for torts

Kiwibank yes, Transpower no

Dealing with the erratic behaviour of US President Donald Trump

What will Jayne Hrdlicka do next? The market is watching closely

Investment, infrastructure, inference, big money players

Investment

Carpark dispute included in new Fletcher provisions

Vintage ‘overdelivery’, US tariffs pare back Booster land fund

A2 Milk shares hit as China births fall to record low

Economics

Retailers not out of the woods after disappointing December drop

Services sector finally re-enters expansion zone

Stay in your lane: Foreign Minister criticises new RBNZ Governor

Politics

Political parties start pitching for votes ahead of November poll

Luxon: The recovery is here but don’t expect a ‘lolly scramble’

National and Labour start planning for election year

Te Ao Māori

Tend partners with Ngāti Whātua Ōrākei

Ngāpuhi builds investment team

New private credit fund backs Māori economy

Primary Industries

Rockit-backed syndicate tips into administration

FrostBoss goes electric

Dairy prices move in positive direction

Australia

Australia extends life of biggest coal-fired plant

Under-siege ASX faces an end to its monopoly

The year Aussie conservatives hit rock bottom

Tech & Innovation

Ara Ake helps Cetogenix scale up biogas with $1m repayable loan

Legal tech startup Ivo raises US$55m in Series B round

Arria cites ‘financing setback’ as listing recedes

Law

US multinational’s claim against Montoux set for October

Employment Hero drops legal action against investor Seek

Environment Court stays abatement notices on Northland plant

Finance

‘Game on’: Kiwibank’s goal to erode Aussie-owned bank profits

Kiwibank capital raise gets kicked to the sidelines

Bank cashback deals create tsunami of mortgage switches