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30 Apr 2025

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Mortgage borrowing hits a new high
Borrowers signed up for $8.5 billion in new mortgages last month – up 45.2% from $5.8 billion in February and up 40.7% from $6.035 billion March last year, the latest Reserve Bank data show.

120 jobs on the line as Fonterra plans closure of Hamilton Canpac site
Fonterra plans to close the Hamilton canning and packaging facility in July.

CMC - Appointment of Director
The Chairman of The Colonial Motor Company Limited (CMC), Ashley Waugh, has announced the appointment of John Alexander Beveridge as an independent director of the Company; the appointment being effective from 29 April 2025

AIA - releases long-term blueprint for the future
Auckland Airport has released its updated Master Plan, providing a vision for the airport out into the late 2040s

Second Auckland airport runway pushed out to 2038
The new draft master plan will be finalised by year end.

Auckland-based jewellery brand to open new store in Christchurch
In its 16th year, the luxury jeweller Naveya & Sloane is opening a new boutique in the city’s Midland Club building in June.

Conflicts spur ‘unprecedented’ rise in military spending
Military spending reaches $2.7 trillion globally, the highest since the Cold War.

RAK - FY25 Performance and Focus; Director Retirement
28 April 2025 – Rakon Limited (NZX:RAK), a world-leading manufacturer of frequency control and timing solutions, today updates shareholders on FY2025 performance, the current business environment and the Chair’s retirement

PEB - Medicare LCD Effective; Pacific Edge Seeks Recoverage
DUNEDIN, New Zealand – Cancer diagnostics company Pacific Edge (NZX, ASX: PEB) notes the ‘Genetic Testing in Oncology: Specific Tests’ (L39365) Local Coverage Determination became effective on 24 April 2025 in the US, halting Medicare co

Airports up in arms over fresh regulatory review blindside
Airports say Air NZ domestic dominance is what really requires attention.

Pukekohe’s Fong family marks 75 years of vegetable growing, calls for Govt support for sector
“We can only do this work when we have a healthy business.”

TruScreen Re-enters India Appinting New Distributor
TruScreen Group Limited (“TruScreen” or “the Company”) advises that it has re-entered the Indian sub-continent with the appointment of India medical products distributor Renovate Biologicals Pvt Ltd (RBL)

More than half of Kiwis worry about money weekly as financial pressures remain
The equivalent of just over two million people worry about money either daily or weekly.

NZ’s biggest solar farm opens, boosts renewable energy in Canterbury
Genesis says its new solar farm will produce enough power to supply Ashburton.

General Capital subsidiary General Finance update
General Capital Limited advises that its subsidiary General Finance Limited, a licensed Non-bank Deposit Taker, has uploaded its quarterly unaudited report for the quarter ended 31 March 2025 to the Disclose Register

'Haves' outnumbered by 'have-nots', and it's getting worse
About 15% of New Zealanders have at least $500,000 in household investments, but half of us are worrying at least weekly about our money, new data shows.

Devon Funds Morning Note - 11 April 2025
A day after the one of the biggest rallies in history, the US indices reverted to do the downside on Thursday, giving back some of the gains from the previous session. Trump did not rule out extending the 90-day pause as deals were being negotiated with t

‘Trusted’ builders to certify their own work
The changes are the latest in the Government's moves to make building more efficient.