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Sat 04 Jul 2026 04:40:19pm

MARKET MOVEMENTS

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Sat 04 Jul 2026 04:40:19pm

MARKET MOVEMENTS

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Tech & Innovation

The hacker’s guide to the galaxy

Former hacker says LinkedIn is ‘ready made’ for hackers, hotels are vulnerable, and cyber escape plans should rank over fire escape instructions.

Brent Melville Sat, 04 Jul 2026

Tech & Innovation

The hacker’s guide to the galaxy

Former hacker says LinkedIn is ‘ready made’ for hackers, hotels are vulnerable, and cyber escape plans should rank over fire escape instructions.

Brent Melville Sat, 04 Jul 2026

Latest News

Politically Speaking

Recycling old policies and old politicians

ANALYSIS: Apprenticeship boost gets a reboot, and Michael Laws is back after 30 years.

Politically Speaking

Recycling old policies and old politicians

ANALYSIS: Apprenticeship boost gets a reboot, and Michael Laws is back after 30 years.

Brent Edwards Sat, 04 Jul 2026

Market Review

Oil falls, job market crawls, AI stalls

There’s still room for oil prices to fall further, says ASB’s Chris Tennent-Brown.

Market Review

Oil falls, job market crawls, AI stalls

There’s still room for oil prices to fall further, says ASB’s Chris Tennent-Brown.

Nicholas Pointon Sat, 04 Jul 2026

Aviation News

Chinese heavyweights re-enter market for wide-bodied jets

Carry On: Big SAS order, Qantas boost for Queenstown, new routes.

Aviation News

Chinese heavyweights re-enter market for wide-bodied jets

Carry On: Big SAS order, Qantas boost for Queenstown, new routes.

Nevil Gibson Sat, 04 Jul 2026

Sat 04 Jul 2026 04:38:51pm

MARKET MOVEMENTS

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The NBR Rich List – Click HERE

Latest News

Most Popular

Most Commented

Primary Industries

ASB moves after NZ’s second-largest apple grower collapses

Market Close

NZX 50 gains this week as exporters navigate Mid-East tensions

Hunter’s Corner

Winton’s board grasps the nettle

Last Word

Breaking up the Big Four

Energy

Lodestone gets draft consent for Twizel solar farm

Economics

Hike or hold? Economists differ over OCR decision next week

Primary Industries

ASB moves after NZ’s second-largest apple grower collapses

Last Word

Breaking up the Big Four

Investment

Freightways chair Mark Cairns resigns

Energy

Lodestone gets draft consent for Twizel solar farm

Tech & Innovation

The hacker’s guide to the galaxy

Economics

Hike or hold? Economists differ over OCR decision next week

General Business

Devil’s in the detail on ‘Valuation Day’ CGT: tax expert

Edwards on Politics

IMF’s capital gains tax recommendation gets short shrift, again

Hunter’s Corner

Winton’s board grasps the nettle

Law

Wealthy family member jailed for child sex offences gets parole

Primary Industries

ASB moves after NZ’s second-largest apple grower collapses

Politics

Majority believe Govt should act on climate adaptation

Editor's picks

Property

Mercer unlisted property fund spruiks 5.8% return in first year

Don’t expect to get your money out quickly, though, with a notice period of two years for withdrawal requests.

Investment

Freightways chair Mark Cairns resigns

‘The time is right to reduce my workload and devote more time to family business interests,’ he says.

Investment

Metlifecare receives $24.7m cash injection

The company says the fresh capital from its parent is to fund its growth plans for the next year.

Investment

Coles in due diligence to buy petcare company Greencross for A$4b

Greencross holds a 50% stake in Animates in New Zealand.

Featured

Rich List

Featured Newcomers: Speedy family

Bill Speedy is the founder and managing director of Oceanbridge Shipping while brother Jim Speedy owns and operates the Covington Group.

Private Bin

Kerr clock, CBL ire, DGL fire, Hooton suppression

Our weekly collection of news bites, hot takes, and gossip around the town.

Private Bin

Kerr clock, CBL ire, DGL fire, Hooton suppression

Our weekly collection of news bites, hot takes, and gossip around the town.

Rich List

Featured Women: Cecilia Robinson

Cecilia and James Robinson’s long-term mission, via Tend Health, is to help New Zealand become one of the healthiest countries in the world and a leading destination for healthcare.

Rich List

Featured Women: Cecilia Robinson

Cecilia and James Robinson’s long-term mission, via Tend Health, is to help New Zealand become one of the healthiest countries in the world and a leading destination for healthcare.

Politics

Opportunity Party outlines its plans for economic growth

It says the policies would cost an extra $1.33 billion but would boost growth by 2% over the long term.

Politics

Opportunity Party outlines its plans for economic growth

It says the policies would cost an extra $1.33 billion but would boost growth by 2% over the long term.

Short videos

Te Ao Māori

Tainui powers freight future

0:00

Politically Speaking

“People aren’t stupid... corporates are raking in record profits,”: Swarbrick

0:00

Politically Speaking

A plan to make KiwiSaver compulsory

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Politically Speaking

“Diametrically opposed to the truth”: Stanford

0:00

Politically Speaking

Policy costings and reaction “AI slop”

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The NBR Podcast

The NBR Rich List: 40th Anniversary Edition

0:00

Rich List

The NBR Rich List: Political donations

0:00

Rich List

The NBR Rich List: Editor’s Overview

0:00

Rich List

The NBR Rich List: Owen Poland talks wealth

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Rich List

The Women’s List 2026: importance of role models

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Rich List

The NBR Rich List: Top 10 Countdown

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Politically Speaking

Labour’s list and public transport policy

0:00

Politically Speaking

New Zealand's nuclear-free position

0:00

NBR Focus

Unlocking Aotearoa: Naomi Ballantyne

0:00

NBR Focus

Unlocking Aotearoa: TPT Group founder Mike Marr

0:00

NBR Focus

Unlocking Aotearoa: Malcolm Jackson

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NBR Focus

Unlocking Aotearoa: Dame Joan Withers

0:00

The NBR Podcast

PM Christopher Luxon joins the NBR Podcast

0:00

Your Business

Extraordinary payments and their $2m capital raise

0:00

General Business

Deepfake ad using doctor’s identity a ‘public safety risk’

0:00

Read full story

Analysis

Edwards on Politics

IMF’s capital gains tax recommendation gets short shrift, again

ANALYSIS: It would reduce distortions in the tax system and help get the Budget back to surplus, the IMF says.

Brent Edwards Thu, 02 Jul 2026

Underarm

‘World first’ Aussie price gouging laws don’t go far enough

ANALYSIS: The new laws cover only two companies and do nothing to encourage greater competition. But consumers will take the win.

Lachlan Colquhoun Wed, 01 Jul 2026

Margin Call

SpaceX: The IPO that priced in a miracle

ANALYSIS: SpaceX's starting valuation was already 13x larger than the combined IPO-era valuations of Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla.

James Cameron Tue, 30 Jun 2026

Guest Analysis

How do you govern a trillionaire?

ANALYSIS: Across the technology sector we have seen the emergence of founder-led organisations designed to preserve control long after public listing.

Kirsten Patterson Sun, 28 Jun 2026

Categories

Investment

NZX 50 dips as Korean chip selloff ripples across Asia

Warehouse Group hits new low.

Curious News Thu, 02 Jul 2026

J&P Turner applies to acquire T&G Fresh

The entity backed by T&G's founding family is seeking ComCom approval to purchase the fresh produce division.

Kate McVicar Wed, 01 Jul 2026

NZX 50 edges lower as power companies dip in soft Asia trading

Bremworth surged on regulatory approval to sell its assets to rival.

Curious News Wed, 01 Jul 2026

Economics

IMF suggests revenue measures be adopted alongside spending cuts

It says this would broaden the fiscal effort and reduce distortions in the tax system.

Brent Edwards Wed, 01 Jul 2026

Kiwibank casts doubt on economic recovery this year

It’s been a year of pain for little gain, says chief economist Jarrod Kerr.

Jonathan Mitchell Tue, 30 Jun 2026

Manawatū cautiously optimistic as new developments bring growth

Panel says Manawatū needs to do a better job at talking up the positives and potential against other regions.

Jonathan Mitchell Tue, 30 Jun 2026

Politics

Majority believe Govt should act on climate adaptation

New Zealand must take stronger action to reduce the impacts of climate events, says IAG’s Phil Gibson; Opposition parties say the Govt is dragging the chain on deciding where costs should fall.

Brent Edwards Tue, 30 Jun 2026

Labour supports apprentices, Act gets tough on beneficiaries

A Labour Government would expand the Apprenticeship Boost programme.

Brent Edwards Sun, 28 Jun 2026

Election policies and coalition squabbling

ANALYSIS: National kicked off the week with its KiwiSaver policy, while the Greens reannounced its tax policy.

Brent Edwards Sat, 27 Jun 2026

Te Ao Māori

Tainui powers freight future

Craig West’s first feature interview as TGH CEO comes as Waikato Tainui looks to turn Ruakura into a national supply chain platform.

Mike McRoberts Wed, 01 Jul 2026

The funeral business led by kaupapa

Te Rangikahupapa founder Rikki Solomon says the business has to pay its bills, but kaupapa comes before profit.

Mike McRoberts Mon, 29 Jun 2026

Ngāi Tahu rūnanga join DP World Lyttelton Port pitch

A new consortium says Lyttelton Port can stay publicly owned while private operating capital funds growth, but unions and asset campaigners warn it is privatisation by stealth.

Mike McRoberts Mon, 22 Jun 2026

Primary Industries

Kiwi Crunch shrugs off debts to expand into Australia

Wade Glass-owned company may have averted an attempt by the IRD to place it into liquidation.

Karyn Scherer Thu, 02 Jul 2026

New Zealand’s largest pig farm sold

Patoa Farms produces about 18% of local pork.

Kate McVicar Wed, 01 Jul 2026

Auckland ag-biotech acquired by NYSE-listed company in $90m deal

Biotelliga has been developing safe and sustainable solutions for managing crop pests and diseases.

NBR Staff Tue, 30 Jun 2026

Australia

Asic puts private credit on notice over valuations

The regulator says private credit is an area of ‘enforcement priority’ and it would not hesitate to take legal action against funds.

Lachlan Colquhoun Mon, 29 Jun 2026

ASX admits to misleading the market, cops A$20m fine

The exchange is seeking to draw a line under the clearing scandal and start afresh as it waits for the new chief executive.

Lachlan Colquhoun Mon, 15 Jun 2026

Grocery giant Coles faces massive fine for misleading discounts

It is a big win for regulators, and a judgment against Woolworths on similar charges is expected later this year.

Lachlan Colquhoun Fri, 15 May 2026

Tech & Innovation

Arria NLG appoints adviser for tilt at Nasdaq

First job for Hong Kong-based investment bank is selling US$15m of undersubscribed convertible bonds.

Tim Hunter Thu, 02 Jul 2026

Invest NZ launches pitch for global AI cloud computing capital

Government agency is pushing hard for development of ‘new weightless export industry’ alongside domestic data centre needs.

Will Mace Wed, 01 Jul 2026

One NZ CEO Jason Paris resigns, to be replaced by CFO

Paris said he doesn't yet know exactly what his next move will be, and his final day at the telco has not yet been determined.

Will Mace Wed, 01 Jul 2026

Law

Wealthy family member jailed for child sex offences gets parole

FREE STORY: Man convicted for the possession and importation of 11,775 objectionable files, including child sexual abuse material, released after less than a year in prison.

Simon Shepherd Thu, 02 Jul 2026

Open Country Dairy case against ex-staffer charged by SFO delayed

The country’s second-largest milk processor, primarily owned by the Talley’s Food Group, is pursuing Simon Stewart for damages.

Hamish McNicol Tue, 30 Jun 2026

Liquidator slams US multinational’s conduct in trade secrets case

Wellington-founded Montoux went into liquidation in 2024 following legal action by Fidelity National Information Services.

Hamish McNicol Tue, 30 Jun 2026

Finance

Armstrong’s makes inroads into finance brokerage

‘We can bring some real credibility to that brokering space,’ says CEO Troy Kennedy.

Jonathan Mitchell Wed, 01 Jul 2026

Aussie fintech’s NZ stablecoin launch held up by banking hurdle

AUDC plans to launch a stablecoin aimed at speeding up cross-border payments for businesses.

Nicholas Pointon Wed, 24 Jun 2026

Simplicity commits $30m to Bridgewest deep tech fund

Managing director Sam Stubbs says backing local biotech innovators is a no-brainer.

NBR Staff Wed, 24 Jun 2026

The NBR Podcast

Podcast #110: The China slowdown

LISTEN: Economic activity in our biggest trading partner is dropping off, so what does that mean for Kiwi companies?

Simon Shepherd Tue, 30 Jun 2026

Podcast #109: SpaceX to the Moon

LISTEN: The biggest-ever listing and the world’s first trillionaire. One week on from going public, how has SpaceX been trading and will the money-go-round ever stop spinning?

Simon Shepherd Tue, 23 Jun 2026

Podcast #108: The 40th NBR Rich List

LISTEN: Co-editor Hamish McNicol outlines who’s up and who’s down and how the wealthiest of the wealthy have changed over the past 40 years.

Simon Shepherd Tue, 16 Jun 2026

General Business

US job report falters; Google must pay €4.1b fine

And Microsoft to invest US$2.5b with 6000 staff to assist clients with AI implementation.

Jonathan Mitchell Fri, 03 Jul 2026

Quick Takes of the Week to July 3

In case you missed it: News bites for the week.

NBR Staff Fri, 03 Jul 2026

Trump’s crypto earnings revealed; Warsh affirms Fed independence

And SpaceX short positions rise.

Nicholas Pointon Thu, 02 Jul 2026

Deals

Green Cross says medical division ‘rightly positioned’ for sale

Shareholders will vote on the $270m sale to Tend Health next Tuesday.

Fiona Rotherham Mon, 29 Jun 2026

Airwallex raises again, valuation surges 37% to $19.5 billion

Global fintech co-founded by Kiwi Lucy Liu has pushed back plans to IPO in 2026/27 due to unpredictable AI investment path.

Will Mace Fri, 26 Jun 2026

Rangatira banks more than $10m in Stuart Drummond Transport sale

The Wellington investment company also warns about the lingering economic impacts from the Iran war.

Jonathan Mitchell Thu, 25 Jun 2026

Tourism

Michelin campaign pushed to $8m over three years

Tourism New Zealand tips in part of its marketing budget to help attract big-spending foodies.

Brent Melville Thu, 02 Jul 2026

Govt outlines its vision for the future of tourism

Clear choices need to be made about where and how tourism is supported, it says.

NBR Staff Thu, 25 Jun 2026

New ‘credible’ Tourism Holdings bid pushes offer as high as $3.40

Latest non-binding offer comes at an indicative price valuing the motorhome operator as high as $752 million.

Brent Melville Thu, 25 Jun 2026

Infrastructure

Government rejects providing guarantee for offshore windfarm

Simeon Brown says it isn't considering subsidies for any projects or for the sector.

Brent Edwards Wed, 01 Jul 2026

Freight hub wins $22m Crown backing

A Crown-backed Palmerston North freight hub could strengthen lower North Island links into the Golden Triangle and Ruakura inland port.

Mike McRoberts Wed, 24 Jun 2026

Tight performance controls driving ferry project, says Peters

Cost-plus is not being written into the contracts, Winston Peters says.

Brent Edwards Thu, 18 Jun 2026

Property

Leadership change afoot as trading in Winton Land halted

Winton declined any further comment, but considers it ‘appropriate’ that no trading occurs while details are finalised.

Brent Melville Wed, 24 Jun 2026

The real estate winners and losers of the CRL

Morningside and Kingsland have seen hefty increases to real estate prices following the announcement of the $5.5 billion rail system 10 years ago.

Brent Melville Wed, 24 Jun 2026

Oyster and Rockpool take aim at developer bridging deals

Oyster Credit Fund is rolling out a wholesale raise of $20 million, to lend into ‘stabilised’ property assets via Rockpool Capital.

Brent Melville Wed, 24 Jun 2026

Professional Services

Aussie govt mulls tighter regulation for consultants

The review is a response to ongoing scandals which have forced the resignation of chief executives at two leading firms.

Lachlan Colquhoun Wed, 01 Jul 2026

KPMG Australia chair resigns over whistleblower scandal

Martin Sheppard was told the firm had ‘insulted’ a parliamentary inquiry last Friday.

Lachlan Colquhoun Tue, 23 Jun 2026

Not a ‘bad apple’, insists outgoing KPMG Australia chief

Australian government senator said she did not trust the firm and it was insulting a parliamentary inquiry by claiming privilege for key documents in the whistleblower affair.

Lachlan Colquhoun Fri, 19 Jun 2026

NBR Focus

Unlocking Aotearoa: tech guru Bowen Pan

WATCH: The final in our weekly series on what is holding Aotearoa back, and how we can unleash its potential.

Simon Shepherd Wed, 17 Jun 2026

Unlocking Aotearoa: entrepreneur Cecilia Robinson

WATCH: Our weekly series on what is holding Aotearoa back, and how we can unleash its potential.

Simon Shepherd Wed, 10 Jun 2026

Unlocking Aotearoa: Naomi Ballantyne

WATCH: Our new weekly series on what is holding Aotearoa back, and how we can unleash its potential.

Simon Shepherd Wed, 03 Jun 2026

Retail

Fast food providers struggling with a slow economy

Local operators say it’s like ‘walking through treacle’, although multinational delivery services and fast food giants continue to grow.

Kate McVicar Thu, 25 Jun 2026

Abe’s Bagels acquired by George Weston Foods

‘It made sense that they were the right partners to take the business forward,’ says the company’s CEO.

Kate McVicar Thu, 07 May 2026

How crashing Pandora’s party helped launch an eight-figure brand

After jewellery retailer Silvermoon went into liquidation, its founder Simon Thwaites came out of ‘semi-retirement’ to rebuild the company he started more than 20 years ago.

Kate McVicar Wed, 29 Apr 2026

Luxury Property

Albert St penthouse, golf links, or lakeside luxury

Auckland city’s $16m penthouse still comes in at less than the first completed home to hit the market at Te Arai Links.

Brent Melville Wed, 01 Jul 2026

Andersons Cove record, Arney’s back, Aussies eye NZ ‘tax haven’

Bream Tail Road estate is reputed to have fetched more than its $40 million asking price.

Brent Melville Wed, 27 May 2026

Flying the White Heron, Royal Yacht sale, golden visas ramp up

Luxury market picks up, partially on the back of surging international sales, with 15 applications received by international buyers under the so-called ‘golden visa’.

Brent Melville Wed, 29 Apr 2026

Aviation News

Qantas offers four routes in non-stop Sydney-London flights

Carry On: Falcon 10X debut flight, KLM's Night Watch, new routes.

Nevil Gibson Sat, 27 Jun 2026

Saudi startup Riyadh Air eyes Auckland by 2028

Carry On: Emirates plans Dubai insurance, Koreans back off Boeing, PAL joins Oneworld alliance.

Nevil Gibson Sat, 20 Jun 2026

Pilot, skydivers die as NZ-built plane crashes in Missouri

Investigators say the PAC 750XL crashed soon after takeoff.

Nevil Gibson Wed, 17 Jun 2026

Energy

Opportunity for Maari field as Echelon exits Cue

Asian demand for alternative oil supplies could fuel New Zealand development, says managing director.

Tim Hunter Tue, 23 Jun 2026

EA refuses release of Genesis and Meridian price data

In an OIA response, regulator says information was provided 'in confidence', but Contact and Mercury happy with disclosure.

Tim Hunter Thu, 11 Jun 2026

Govt promises no levy on power bills for LNG

Energy Minister Simeon Brown says details of funding new LNG import terminal are still being worked through as two providers asked to pitch for the contract.

NBR Staff Tue, 09 Jun 2026

Rich List

Featured Women: Ranjna Patel

Ranjna and Kantilal Patel are well-known for using their earned millions to fund their philanthropy.

Calida Stuart-Menteath Thu, 02 Jul 2026

Featured Newcomers: Sanderson family

Nathan Sanderson says his greatest strength is building strong teams and finding high-calibre people, empowering them, and giving them the tools and autonomy to perform at their best.

Owen Poland Thu, 02 Jul 2026

Featured Women: Anna Mowbray

The jobseeking app Anna Mowbray founded, Zeil, overtook TradeMe in the past year to became the second-largest job board in the country

Will Mace Wed, 01 Jul 2026

Marketing & Media

MediaWorks said to be up for sale as it gets back in the black

A report from across the Tasman says the radio broadcaster’s private equity owner is soliciting bids for the business.

NBR Staff Tue, 21 Apr 2026

TVNZ’s interim profit falls as one-off costs bite

The state broadcaster will pay an interim dividend of $1.3m to the Crown.

NBR Staff Fri, 06 Mar 2026

Leaked emails reveal SkyCity breached NBR copyright

The listed casino operator had been distributing PDF copies of NBR articles to staff using just one subscription.

NBR Staff Wed, 21 Jan 2026

Comings & Goings

Russell Warwick resigns from NZ Thoroughbred Racing

He will leave the role of chair at the start of August and will resign as a director at the AGM in November.

Thu, 02 Jul 2026

Angus McGregor confirmed for senior role at Reserve Bank

He has been the acting assistant governor for financial stability since Adrian Orr abruptly left the bank in March last year.

Thu, 02 Jul 2026

Anthony Harper promotes two partners and a special counsel

Jordan Wright, Rebecca White and Mark Allen are among several promotions announced this month.

Thu, 02 Jul 2026