Business

Invercargill and Auckland are celebrating a significant milestone today: the fifth anniversary of their direct jet service. Launched in August 2019, this service has been pivotal in transforming the connectivity and economic landscape of the Southland region. Invercargill Airport, alongside regional

Kiwibank’s latest Annual Regional Report presents a cautiously optimistic outlook for New Zealand’s economy. Although nearly every region has shown signs of economic recovery, Wellington continues to struggle due to public sector cuts. Kiwibank Chief Economist Jarrod Kerr described 2024 as a year of

Three major banks have announced further cuts to mortgage rates ahead of the Reserve Bank’s official cash rate (OCR) review next week. This move follows a recent trend in the market, which has seen home loan rates decline in recent months. Related: Southland Property Market Sees Surge in Listings an

The Warehouse Group, New Zealand’s largest listed retailer, has decided not to proceed with a proposed $590 million takeover bid from Australian private equity group Adamantem Capital. This decision comes after the proposed deal, backed by the retailer’s founder Sir Stephen Tindall, failed to secure

Strict loan affordability requirements and detailed checks are being relaxed, as announced by Commerce and Consumer Affairs Minister Andrew Bayly and Housing Minister Chris Bishop. Starting from today, 31st July, eleven pages of stringent affordability regulations will no longer apply under the Cred

The Commerce Commission has initiated a public consultation aimed at reducing the fees charged by Mastercard and Visa for non-terminal transactions. This move could potentially save New Zealand consumers $250 million each year. Commission chair John Small emphasised the need to encourage competition

The Warehouse Group has been approached by the company’s founder and an Australian private equity firm regarding potential interest in acquiring its shares. Sir Stephen Tindall, the founder of The Warehouse, and Adamantem Capital Partners have initiated this move. Both parties have a significant int

It was two days of great sales for exhibitors of the Southland Home Show last weekend at ILT Stadium Southland. Organiser George Owen said the exhibitors did really well compared to last year,  with a “quality” crowd that was slightly quieter than 2023. Home shows attract a niche market of people wh