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Author Archives: RNZ Business Headlines

Southern Cross posts $56.9 million deficit for year ended June

September 30, 2025 by RNZ Business Headlines

The Southern Cross Health Society continues to make record returns to members, though insurance premiums will rise as costs have left the society’s insurance business in the red.
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Posted in News, RNZ business.

Nelson’s Kervella Cheese closure leaves growing holes in industry

September 29, 2025 by RNZ Business Headlines

Nelson’s Kervella Cheese is closing down citing brutal compliance costs and a seven-day a week schedule to keep the business going.
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Posted in News, RNZ business.

Reserve Bank could have responded quicker to tackle Covid inflation, new report says

September 29, 2025 by RNZ Business Headlines

The central bank has reviewed how it handled monetary policy.
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Posted in News, RNZ business.

Can your employer stop you drinking water?

September 29, 2025 by RNZ Business Headlines

A union says it’s had to take on a number of retail chain stores over employees’ rights to have a drink bottle at work.
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Posted in News, RNZ business.

Stuff staff revolt at reduced pay offer following strike

September 29, 2025 by RNZ Business Headlines

Union E tū said it was disappointing Stuff was trying to “punish” workers by making a worse pay offer than was previously on the table.
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Posted in News, RNZ business.

Synlait Milk reports full-year loss ahead of asset sale

September 29, 2025 by RNZ Business Headlines

The infant formula producer reported a loss of $39.8 million for the year ended July, with total revenue up 12 percent of $1.83 billion.
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Posted in News, RNZ business.

Banking industry in for Gen Z inspired shake up, report says

September 29, 2025 by RNZ Business Headlines

The way banks operate is in for some changes with sweeping regulatory reforms, digital innovation and the changing customer expectations, law firm Chapman Tripp says.
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Posted in News, RNZ business.

Using AI to ‘bring a bit more humanity back into banking’

September 29, 2025 by RNZ Business Headlines

A financial consultant believes AI will transform New Zealand’s banking sector and how consumers interact with their banks.
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Posted in News, RNZ business.

What sectors are barely paying more than minimum wage?

September 29, 2025 by RNZ Business Headlines

NZ might have a dozen sectors paying at least a median $100,000 a year, but there are almost as many paying barely more than the minimum wage
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Posted in News, RNZ business.

Recent first-home buyers ‘stuck’ with lenders, brokers say

September 28, 2025 by RNZ Business Headlines

Banks are competing hard for new business, by offering cashback incentives of many thousands of dollars.
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Posted in News, RNZ business.
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