Latest from Business

Fifty Albert Street: $650m building development

Culum Manson of Mansons TCLM is developing the 12-level block at 50 Albert St which was formerly the NZ Herald site. The site in Auckland's CBD is a $650m building which is NZ's most expensive. Video / Alex Burton

Labour market grows for first time since August - Seek

However, competition for roles remains extremely tight.

Zespri starts global search for new CEO but eyes a New Zealand base this time

Global marketer also reports record grower returns forecast for this season.

What next for The Warehouse after sinking $83m into Torpedo7?

The stock is down nearly 50 per cent in the past year.

Matthew Hooton: No cash so Luxon needs new ways to generate growth

OPINION: Local initiatives rather than corporate welfare back in vogue.

Markets with Madison: What’s wrong with retail

The Warehouse Group just sold Torpedo7 for $1 after buying it for $55.2 million. While Kathmandu’s sales are struggling. Where to now for woeful retailers? Video / NZ Herald

Stock Takes: Analysts warn of slow turn-around for Ryman Healthcare

And the retirement village stock they like best.

Japan’s Nikkei eclipses record high after 34 years

Financial Times: Money has flowed into Japanese stocks as investors pivot away from China.

Market close: Favourable earnings give sharemarket a lift

The New Zealand sharemarket had its second positive day on the trot.

Flat fashion: Sales growth stalls for Hallenstein Glasson

Sales stay the same in tough trading conditions.

Qantas profit drops by 13%, new boss says reputation damage recovery ‘will take time’

International division headed by Kiwi Cam Wallace suffers hit to underlying earnings.

Warehouse Group sells Torpedo7 for $1 after paying $52m for it

A consortium including former NZ Breakers basketball team owners is to take over.

Nvidia declares AI ‘tipping point’ as quarterly revenues jump 265%

Financial Times: AI spending frenzy helps world’s most valuable chip company.

Auckland Airport reports strong half-year result

Post-Covid recovery in global travel and higher charges propel earnings.

Genesis first-half profit zapped after Huntly outage

Lower hydro inflows and gas turbine wobbles impact Genesis Energy.

Apple’s MLS Season Pass: New season kicks at 2pm today - a template for global sports streaming

MLS is a global app that can be watched almost anywhere that people follow football.

SkyCity names new interim CEO, profit drops amid scrutiny

The hunt for a permanent CEO continues, but interim boss appointed.

Air New Zealand profit dives, warns of tougher year ahead

Airline faced higher costs and more competition during the past year.