Trade Me marketplace hit with $138m write-down as revenue slides further
Trade Me is owned by Apax Partners. The Guernsey-based private equity firm bought the company in 2019 for…
ASB faces $6.73m penalty for breaching money laundering and terrorism laws
“Banks play a very important role in helping to detect financial crime and safeguarding our financial system. Our…
Luxury Escapes CEO: Why Fiji is still the top holiday spot for Kiwis
Destinations like Japan, Thailand and Bali have seen major growth in the past few years. Which emerging destinations…
More than 1.3 million Kiwis passports due to expire by 2027 as minister urges early renewal
Minister of Internal Affairs Brooke van Velden is urging New Zealanders to prepare for the pile-up and plan…
Givealittle report: Which city in New Zealand is the most generous?
Wānaka woman Emma Holden received $417,000 in donations to help her cover costs for cutting-edge cancer treatment. The…
Hundertwasser Art Centre’s $1.4m loss blamed on depreciation, low tourism
“It’s not a cash figure but it features in our books and ends up in the media as…
On The Up: Hawke’s Bay gets new $5 million air ambulance – ‘This plane will save lives’
The new plane will be used for domestic missions, including patient transfers from Hawke’s Bay Hospital to other…
JB Hi-Fi New Zealand posts bumper sales as net loss narrows to $1.4m
Software sales did decrease in the year, dropping from 5.6% of total sales to 4.8%. JB Hi-Fi also…
Queenstown gondola project backed by Rod Drury receives conditional endorsement
BusinessDesk 12 Dec, 2025 03:29 AMQuick Read Subscribe to listenAccess to Herald Premium articles require a Premium subscription.…
Comvita secures lender deal as it targets $25m capital raise
“The agreement with the lending syndicate reflects that and includes the extension of the maturities of the company’s…
Mighty Ape’s 2025 sales slump 15% as website glitches drive $2.8m loss
According to Mighty Ape’s financial statements, the business has managed to reduce its inventory levels by 25.6% over…
New $64m Pekatahi Bridge aims to ease SH2 bottleneck and secure vital freight link
NZTA already owned the necessary land to deliver the project. He said SH2 was a vital link connecting…