Retail spending dipped marginally in July
Economy

Retail spending dipped marginally in July

Stats reflect continued pressures on household finances.

Staff reporters 15 Aug 2024
One NZ is gearing up to launch a dedicated fibre business
Markets

One NZ is gearing up to launch a dedicated fibre business

One New Zealand is gearing up to launch a dedicated fibre business to support wholesale customers.Announced on Thursday by One NZ, EonFibre is expected to roll out later this year. The new service will use One NZ’s 11,000-kilometre fibre network to sell “high-performing yet simpl...

Staff reporters 15 Aug 2024
Parliament announces inquiry into business and rural banking
Finance

Parliament announces inquiry into business and rural banking

Parliament has announced the terms of reference for its inquiry into banking competition, focusing on business and rural lending.Minister of Finance Nicola Willis requested the inquiry as part of a commitment outlined in the National Party and New Zealand First coalition agreemen...

Staff reporters 14 Aug 2024
Big leadership rejig for Comvita after poor FY24 result
Markets

Big leadership rejig for Comvita after poor FY24 result

Mānuka honey exporter Comvita has announced a major leadership shake-up as it struggles to overcome a slump in China and Asia market sales.The New Zealand Exchange-listed (NZX) company said in a statement that it was resetting its business strategy and believed leadership needed...

Staff reporters 13 Aug 2024