Major bank cuts home loan rate below 4.5%
Major bank cuts home loan rate below 4.5%
BNZ says it will drop its one-year fixed home loan rate to a market-leading 4.49 percent.
Business
Synlait to sell assets to US firm
Synlait to sell assets to US firm
Synlait Milk has entered an agreement to sell its North Island sites for $307 million to a United States buyer in a business shake-up to focus on core Canterbury operations.
Farmers aim to keep ownership
Farmers aim to keep ownership
A group of Southland-based Alliance Group shareholders say the $250m offer by an Irish meat company for a 65% stake in the co-operative appears to significantly undervalue the business.
Union takes on supermarkets over staff access to water
Union takes on supermarkets over staff access to water
Workers First Union says it has had to take on a number of retail chain stores over employees' rights to have a drink bottle at work.
'Disgraceful': Stuff staff revolt at reduced pay offer
'Disgraceful': Stuff staff revolt at reduced pay offer
Staff at media organisation Stuff are understood to be considering further strikes as the company reduces its pay offer for some staff.
Central Christchurch growth defies national slowdown
Central Christchurch growth defies national slowdown
A new report shows central Christchurch is on the rise, despite challenging national economic conditions.
Central-city bar on the market
Central-city bar on the market
Central Dunedin bar Woof! is for sale.
Fonterra’s sale of Mainland hinges on special vote
Fonterra’s sale of Mainland hinges on special vote
Fonterra accepts farmers may have mixed feelings about selling the Mainland consumer business to Frances Lactalis for $4.22 billion.
Flying on coffee
Flying on coffee
Ash Thom, general manager of Dunedin Airport’s new cafe, Fuel to Fly, pours a coffee yesterday before the cafe’s opening this morning.
More butter, cream cheese production
More butter, cream cheese production
Fonterra is about to pump more money into producing butter and cream cheese as shoppers continue to feel the pinch of high prices in supermarkets.
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Businesses losing trust in councils: chief exec
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Businesses losing trust in councils: chief exec
Businesses are giving up on engagement with local councils out of "pure frustration" and more effort is needed to win back their trust this election, a Dunedin business leader says.
Sealord proposing further job cuts
Sealord proposing further job cuts
Sealord is proposing to cut a further 59 jobs and make parts of its Nelson operations seasonal.
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Former Lone Star Dunedin operator liquidated owing $650k
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Former Lone Star Dunedin operator liquidated owing $650k
The former operator of a popular Dunedin restaurant has been liquidated owing the IRD $650,000.
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Port doubles profit; $18m dividend paid to ORC
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Port doubles profit; $18m dividend paid to ORC
Port Otago has more than doubled its net profit over the past financial year despite a decline in both cruise ship numbers and container movements.
Fonterra confident it can extend double-digit payout streak
Fonterra confident it can extend double-digit payout streak
Fonterra is "confident" it can get another double-digit payout over the line after handing farmers a record $10.16 for each kilogram of milksolids produced in 2024/25.
Exploration ban lifted with faster approval process
Exploration ban lifted with faster approval process
It will also be easier for hobby miners to undertake "small-scale gold mining activity" predominantly in Otago and on the West Coast.
Treasury suggests pension age at 72, GST at 32%
Treasury suggests pension age at 72, GST at 32%
Someone is going to have to pay to keep the country's finances in order while the population ages, but who and how need to be decided soon.
Fonterra posts $1.1 billion profit
Fonterra posts $1.1 billion profit
Dairy giant Fonterra’s profit after tax result of $1.1 billion for the financial year ending July is down 4% but its farmer shareholders have enjoyed a record payout.
North Otago’s Smith on board of Ravensdown
North Otago’s Smith on board of Ravensdown
North Otago farmer Jane Smith takes her seat around the board table of fertiliser co-operative Ravensdown at its annual meeting in Christchurch today.
Govt policies not sustainable for long-term
Govt policies not sustainable for long-term
The latest Treasury outlook on New Zealand's fiscal future indicates current government polices are not suitable for the long-term and change is required.