Bay of Plenty business news

'Transformative moment': Dame Lisa Carrington backs women's basketball
Her involvement highlights increasing momentum for women's sports in NZ.

Shelling out: Audit questions hold up assessment of troubled mussel farm
Cabinet agreed to invest $16.5m more into mussel business despite ongoing losses.

Opinion: What Trump's tariff shock means for investors globally
The S&P 500 fell 10.5% over two days after Trump's tariff announcement.

Mānuka honey producer buzzing after bee-autiful season
A local honey producer says they have seen a strong 2024/2025 season.

On The Up: The business estate still in hot demand after 20 years
In the past year, $70m worth of building consents have been issued for the development.

Olivado liquidation: Seeka boss explains why they bought the company
New boss hopes to keep jobs, liquidator says claims still coming in.

Why a Canadian gold mining company wants to invest $1b in Waihī
Is its investment dependent on fast-track approval?

Opinion: Why NZ’s economic signals are so confusing
GDP per capita rose for the first time since 2022, ending eight quarters of decline.

Long-running social services trust in liquidation owes IRD $200k
Te Tuinga Whānau once had assets and revenue worth millions of dollars.

$135m distributed last year by iwi to members
Distributions paid have increased by around 35% in the last five years: Phil Barry, TDB.

Torpedo7’s new owners reveal major shake-up for retailer
Some stores to be closed while others will be rebranded under new name.

Asset values up only $100m since 2022: New report on 10 biggest iwi
Most iwi had positive financial returns in 2024, an improvement on 2023: latest report

E-motorbike maker Ubco owes $36m, potential purchaser emerges
The firm went into receivership in January, having raised tens of millions from investors.

‘Strong sense of confidence’: Kiwifruit industry eyes record harvest
The kiwifruit industry picked up last year and things are looking good for 2025.

Opinion: Why investors should remain hopeful despite market dip
The S&P 500 has dropped 10% from its February highs, entering a correction.

‘A new frontier’: How supercritical geothermal could change NZ energy
About $12m to $15m has already been spent on investigative work.

Opinion: ‘Bull market’ in Europe as US hits speed bumps
Tariffs loom large as a threat to the wider European economy.
Business news around NZ

'Back to life': Hollywood legend David Hasselhoff's Kiwi series resurrected after production firm's collapse
US TV star tells of love for NZ despite being owed money by original firm Stripe Studios.

Media firm board battle: Ex-National Govt Cabinet minister in line to be NZME chair
A potential compromise is on the horizon in NZME's board battle.

Market close: NZ sharemarket rebound continues
Composure is returning to markets after an unruly April.

Lactalis, Bega Cheese eye Fonterra consumer assets in competitive race
Lactalis is seeking merger clearance to buy Fonterra's businesses in Australia.

Floating rate fad helps Westpac's profit grow 10%
Bank reports $525 million profit in six months.

NZME’s new-look exec: Editor-in-chief to top table, chief commercial officer leaving company
The changes come a month before the company's critical shareholders' meeting.

'All we knew was avocado on toast': City couple's orchard adventure
Couple flipped their lives from corporate city dwellers to hands-on avocado orchardists.

‘Spotlight on exporters’: Bay of Plenty awards highlight achievements
The event returns after a hiatus, celebrating Bay of Plenty exporters.

Property Insider: $7 billion Asia-Pacific fund hunts in NZ
Data centres, warehouses, offices, properties under mortgagee sale: asset classes named.

What the PM knew about the new Commerce Minister’s link to the grocery sector
Luxon assures the conflict has been managed well.

Opinion: The truth behind the ‘best 10 days’ myth in investing
Avoiding the worst 10 days would grow $10,000 to nearly $550,000.

Beachside bunker ‘dune house’ designed for Rod Drury entity at Te Arai Links
The unusual home is designed to blend seamlessly into the landscape.