Business news

Hikurangi Enterprises liquidation: Directors cite economic environment, limited resources
The business, founded in Ruatōria, cited limited resources and economic factors.

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

Gisborne Holdings Ltd makes $5.3m loss, to review asset portfolio after agreeing strategy with council
Challenging weather, along with low stock and tree prices, had big impact.

'Absolutely thrilled': The Star is reborn - 103-year-old newspaper resurrected after closure
The presses are rolling again.

German newcomer sees potential in Gisborne apples
A German-owned company is investing in Gisborne's apple industry with an orchard purchase.

Porou Miere honey extraction facility opens at Te Araroa
A new state-of-the-art honey extraction facility opened at Te Araroa early in February bringing together Ngati Porou people, landowners and resident apiculture businesses across the mānuka honey value chain. The partnership between Nati Growth...

A steady-as-she-goes February at the port
Eastland Port had a “steady” February shipping-wise. Eight log ships took over 178,000 tonnes of logs out of the region and it was another good cruise ship month with five vessels visiting. Hundreds of passengers and crews explored the region in...

Powering on in a tough year
2023 has been an exceptionally busy year for the team at the region’s electricity lines company, Firstlight Network. In March, Eastland Network became part of Clarus (formerly Firstgas Group), one of New Zealand’s largest energy groups.

Empowering businesses: A blueprint for the first 100 days and beyond
Column by Andrew Bayly, Minister for Small Business and Manufacturing In a new era of government, small and medium-sized enterprises (SMEs) find themselves at the forefront of our policy priorities. Over 97 percent of businesses in our economy are...

Uber Eats in Gisborne now
Gisborne is now part of the Uber Eats empire, following the app’s expansion into new markets across regional New Zealand. “New Zealanders have embraced the convenience of accessing an incredible selection of restaurants at their fingertips in...

New ANZ branch reflects te ao Māori strategy
ANZ Bank’s new branch in Tūrangānui-a-Kiwa Gisborne represents a move to incorporate te ao Māori into its everyday operation, the bank says. While ANZ has been operating in Gisborne for the past 150 years, the branch has been relocated to a new...
Business news around NZ

Tower shares dominate trading as NZ sharemarket rebounds
The S&P/NZX 50 Index closed at 12,312.6, up 42.6 points or 0.35%.

‘Such big development potential’ - why Queenstown place went for $45.5m
'The price was big because the sale included so much flat land.' - local investor

February a strong month for NZ red meat exports
Exports reached $1.1 billion - a 25% increase compared to February 2024.
More Gisborne Herald business news

New ANZ branch reflects te ao Māori strategy
ANZ Bank’s new branch in Tūrangānui-a-Kiwa Gisborne represents a move to incorporate te ao Māori into its everyday operation, the bank says. While ANZ has been operating in Gisborne for the past 150 years, the branch has been relocated to a new...

Sterling mahi rewarded
From being a beautician for 14 years to running a logging company, Chrystal Edmonds never thought she would end up a winner at the Māori Businesswomen’s Awards. Mrs Edmonds, 39, won the Te Tai Rāwhiti regional award at the Māori Women’s...

Bumper cruise ship season ahead
Season estimated to bring in up to $10 million to Gisborne this summer.

Retail in recession due to pressures
Economic pressures on households and businesses have been highlighted by BNZ bank’s chief economist Mike Jones. During a recent trip and public talk in Gisborne, Mr Jones pointed to inflationary and export pressures as being of most concern to...

New protections on way for vulnerable workers
EMPLOYMENT TODAY by Jannine O’Meara The Worker Protection (Migrant and Other Employees) Bill received Royal assent on July 6, 2023 and will come into force on January 6, 2024. Jannine O’Meara The Act is the result of the Government’s Temporary...

Spencer mural a nod to ’70s start for family business
Gisborne Carpets is making a bold branding statement with the new mural on the side of its premises on Gladstone Road. “We’ve been planning it for a while and wanted to make the most of the exposed wall and the central location,” says owner...