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16 May 2025

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Health NZ confirms 377 roles cut, despite ongoing legal challenge
Legal action by PSA means some changes are currently on hold.

‘Possible cartel conduct’: Sparky association changes policy after anti-competition accusation
The NZ Trade Group's conduct 'had the potential to harm competition'.

NZX welcomes rules easing financial disclosure requirements for IPOs - initial public offers
NZX says new market rules will free up the capital raising process.

New app makes loan agreements easier and cheaper
Drawing up a house deposit loan agreement from the bank of mum and dad has become easier with a New Zealand developed app launched only a few months ago.

Butter prices soar 65%, driving food cost higher, new data shows
Stats NZ's selected prices index includes power, rent, food and travel.

Foreign bribery: Serious Fraud Office launches campaign and online reporting tool
If unchecked, foreign bribery will lower trust in NZ as place to do business, says SFO.

Stocks waver on Wall Street and hold on to most of the gains they made earlier in the week
It comes after the US and China declared a temporary cease-fire in their trade war.

The stellar career path of Jo Townsend, the woman in charge of our $80 billion NZ Super fund – Money Talks
'Money was certainly not plentiful in our household,' Townsend tells Liam Dann.

Property resellers pocket $280k average profit in first three months of 2025 despite soft market
The median profit gain in Auckland for house resales was $356,000.

Winton Media Release - Ayrburn Film Hub
Winton Land Limited’s exciting new Ayrburn Film Hub is one step closer today following the Government’s decision to fast-track the resource consent assessment of this $200 million project

CEN - CONTACT ENERGY APPOINTS NEW CHIEF FINANCIAL OFFICER
Contact Energy (Contact) has today announced the appointment of Matt Forbes to the position of Chief Financial Officer

VCT - Vector announces strategic review for its fibre business
Vector (NZX:VCT) advises that it is undertaking a strategic review of its fibre business and has appointed Barrenjoey Capital Partners to assist in this process

Neighbours take opposing sides in Ali Williams, Anna Mowbray's fight to have a helipad
The battle lines have been drawn as the famous couple’s resource consent battle to have a helipad at their Westmere property is paused for two weeks.

Hotel chain Accor to manage Wairakei Resort Taupo, plans renovations and rebrand
The company is taking over management of Wairakei Resort from its Malaysia-based owners.

MCY - Retirement of director
Mercury has today announced that Lorraine Witten has confirmed her intention not to stand for re-election at this year’s Annual Shareholders’ Meeting

House prices fall again in April - REINZ
Meanwhile, there was a modest pickup in the House Price Index (HPI).

AIA - April 2025 Monthly traffic update
In April 2025, there was a total of 839k international passenger movements in the month, a 3% increase compared to the same month in 2024. International passenger movements, excluding transits

Sanford delivers an improved half year result
Sanford announced today an unaudited NPAT of $34.0m, a 110.0% uplift on the prior comparative period (pcp), and its highest half year adjusted earnings result in recent times

On the Up: Skyline Luge hits 100 million rides, expands to UK market
The son of Skyline's founder says the Luge is 'more than just an exhilarating ride'.

Retail spending flat in April as Kiwis keep wallets closed
Hospitality spending was slightly up by 0.2%, adding $2.1 million.

Young Kiwis lead brain drain as migration falls below 30,000, departures at record
A large number of young Kiwis are leaving for Australia, although the rate may have peaked