Delegat Group has posted an almost $61 million net profit after tax in the 12 months to June 30 - a new record following a record $50.8m posted a year earlier.New Zealand's largest listed winemaker's net profit after tax increased... Source: NZ Herald Business News
Housing Minister Megan Woods said there would be "no large policy U-turns" on housing after October's election and overturning foreign investment restrictions was not planned.Addressing Property Council NZ's residential summit being... Source: NZ Herald Business News
The New Zealand Stock Exchange website crashed for a third day in a row, just as the S&P NZX-50 was 8 points short of its all time high.Experts say apparent cyber attacks causing the platform failure as a very serious attack on... Source: NZ Herald Business News
National would re-introduce 90-day trials for new employees in the latest small-business policy package released by leader Judith Collins."The only sustainable way to create new jobs is to reduce barriers, costs and uncertainty... Source: NZ Herald Business News
Shares in cinema software company Vista Group rallied sharply despite the company going deeply into the red over the first half.Non-cash credit charges and credit provisions of $36.1m and the impact of Covid-19 drove Vista to a... Source: NZ Herald Business News
Air New Zealand is reporting an underlying loss of $87 million for the2020 financial year, compared to earnings of $387 million last year.Covid-19 has wiped out its first half result and statutory losses before taxation, which... Source: NZ Herald Business News
The Government says a report into Team New Zealand has cleared the team of misappropriating public funds, as a dispute over a $3 million design fee continues.Yesterday afternoon Team New Zealand, the Ministry of Business, Innovation... Source: NZ Herald Business News
Wellington cafes say they are dying a slow death under Covid-19 alert level 2 as office blocks limit capacity and more people work from home.Foot traffic in cafes plummeted overnight when the Prime Minister announced the country... Source: NZ Herald Business News
A probe into the funding of Team New Zealand and the America's Cup has been released and found "no evidence of financial impropriety or misappropriation of funds".But a $3 million contribution to Team NZ by America's Cup Limited... Source: NZ Herald Business News
Network connectivity has been restored to the NZX after the stock exchange operator experienced its second crash in as many days.The exchange said: "NZX confirms that network connectivity has been restored and that normal operations... Source: NZ Herald Business News