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22 May 2025

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The West Coast company supplying Costco with its low-price butter
A co-operative until 2019, Hokitika-based Westland was bought by China’s Yili group in 2019, for $588 million.

‘Heartbreaking decision’: Iconic Auckland department store to close for good
Around 100 jobs are set to go at the Queen St store after an attempt to save the 145-year-old business failed.

Smith & Caughey’s closing for good - almost 100 staff lose jobs as rescue bid fails
Auckland's prestigious flagship retailer to close after 145 years despite rescue attempts.

PYS - PaySauce FY25 Full Year Result and Annual Report
Software as a Service Fintech PaySauce (NZX: PYS) today reports its second consecutive year of positive, and strongly growing operating earnings as it has strengthened its position as the preferred provider of payroll services to New Zealand’s micro

The pay rise most Kiwis would quit their jobs for
Money continues to be a powerful influence, even in an uncertain job market.

Argosy FY25 Annual Result
Chairman Jeff Morrison said, “The business has performed well in the second half of the year, despite difficult market conditions. The Board is pleased by the progress made towards our sustainability goals

Stuff campaign wins global award in London
The series, Abuse in Care – Shattering the Shadows, won a Gold award at the Native Advertising Awards.

Meridian to replace transformers at Manapouri
Meridian Energy Limited will replace five of the transformers at Manapouri Power Station over the next two and a half years after receiving advice from independent transformer experts

Auckland Mayor Wayne Brown inks friendship deal with Chinese governor of Hainan
Delegates from Chinese province have visited Auckland 'a couple of times' in past year.

One of Australia’s richest couples to give away half their $7.6b fortune
The billionaire couple who founded design software company Canva want others to also give their wealth away.

Wellington start-up Litmaps raises $1m to revolutionise science research
A new Business of Tech episode is available now.

Nominee for NZME board wants ‘political leaning’ of NZ Herald stories measured
Canadian businessman James Grenon, who is expected to be elected to the NZME Board as a director, said it was “important for the Herald to be a broad church”.

Hawks, doves and Kiwis
Some big swings in sentiment and markets in just a couple of months has led to expectations the RBNZ will drop the OCR at its meeting next week and signal another one or two to come.

New Reserve Bank survey shows business inflation expectations rising
The Reserve Bank has launched a new survey of business expectations.

NPH - 2025 Half Year Results
Napier Port (NZX.NPH), the freight gateway for the central and lower North Island, today announced strong earnings growth for the six months ended 31 March 2025. The result was underpinned by a solid uplift in container cargo volumes

Radius Care Continues Strong Growth with Record FY25
Radius Residential Care Limited (NZX: RAD) today released its audited financial statements for the year ended 31 March 2025, confirming another record operating and financial performance

Google unveils advanced AI search mode amid competition concerns
The AI mode, available in the US, offers deeper, multi-modal searches.

Invention alerting drivers to an overheating engine could save truck companies thousands
Mechanic Travis Barnes created the Fire Ant system for his mother who kept overheating her car engine but the invention has more commercial possibilities.