Major Auckland car dealership in liquidation after receivership
'Dealers have struggled this year', says an industry expert. Source: NZ Herald Business News
Directors are working longer hours with no increase to fees, report shows
Female directors were more likely to be in a lower-paid role. Source: NZ Herald Business News
Financial stress climbs for Kiwis with home loans, eases for young adults – Centrix report
Signs financial stress could be easing, but not for everyone. Source: NZ Herald Business News
Business failures surge as insolvencies hit eight-year quarterly high
'The scale of the increase has been significant', says BWA Insolvency's Bryan Williams. Source: NZ Herald Business News
Homebuilding trend remains soft, new house consents fall 22%
High interest rates and increased costs drive softness in new home consent data. Source: NZ Herald Business News
More than 100 jobs lost as logistics company C3 Limited closes down Auckland stevedoring operations
Staff were informed of the redundancy process today. Source: NZ Herald Business News
Economy harder than GFC and Covid, say business owners
Survey shows one in five businesses fear they may have to close. Source: NZ Herald Business News
‘Fierce competition’ for jobs as unemployment rises
Job ads also rose for the first time since January. Source: NZ Herald Business News
Franklins European Bathrooms liquidation: Westpac among creditors owed $31.2m – what happens next?
Creditors now face a potential shortfall in the tens of millions. Source: NZ Herald Business News
Small business confidence hits reverse gear, economic pressures drive stress and burnout
Post-Covid optimism gives way to declining confidence. Source: NZ Herald Business News