Dan Huggins, the BNZ’s current executive for customer, products, and services, will replace Angie Mentis in October.

Casino operator SkyCity has reported an improved full-year profit, but revenue was knocked by intermittent Covid closures and it’s already counting the cost of the current lockdown.

Meridian Energy’s underlying profit has fallen sharply as low lake levels hit generation, and earnings from Tiwai Point aluminium smelter – its biggest customer – fell.

A CoreLogic report shows median gain on resales stands at $347,000, but it indicates the strong profits won’t last forever.

Applications for the wage subsidy have been coming thick and fast, with 128,000 since the scheme opened on Friday and almost $500 million already paid out.

Businesses in the lower South Island are calling for greater certainty than the current drip-fed approach to lockdowns allows.

New figures show the retail sector was buoyant ahead of the nationwide lockdown, with sales of electronics leading the charge.

Resource consents have been granted for a foam factory to be built at Ōhinewai in North Waikato.