BusinessDesk

2 days ago | businessdesk.co.nz | Ian Llewellyn

The Northland Regional Council has approved its part in a takeover of Marsden Maritime Holdings.Under the proposal, minority shareholdings would be bought out, and Marsden Maritime Holdings (MMH) will be delisted and taken private.The ownership change will leave the Northland Regional Council (NRC), Port of Tauranga (POT), and Tupu Tonu (TT) as shareholders, with POT owning 50%, NRC owning 43%, and TT owning 7%.The consortium of the three potential shareholders says the move would simplify...

1 week ago | businessdesk.co.nz | Peter Griffin |Rebecca Howard |Victoria Young

By Rolfe WinklerPlanes filled with iPhones have been leaving the Chennai airport in southern India for months, a last-ditch effort by Apple to delay a tariff calamity.When President Trump last week ignited a trade war, it was clear that Apple could be hit hardest.

1 week ago | businessdesk.co.nz | Tom Raynel |Riley Kennedy |Rebecca Stevenson

The New Zealand sharemarket fell today as the reporting season ended, with the market now beholden to ongoing international impacts.The S&P/NZX 50 Index closed up 0.42% or 51.07 points, rising to 12,118.99, with 38 million shares changing hands to the value of $115.1m.The S&P/NZX20 index closed at 7,201.19, up 0.39%, while the S&P/NZX10 index closed at 1,831.27, up 0.27%.There were 78 gainers on the main board and 54 decliners.Tourism woesThe story of the day was with Tourism Holdings (THL),...

1 week ago | businessdesk.co.nz | John Anthony |Rebecca Howard

The Reserve Bank of New Zealand's assistant governor, Simone Robbers, has resigned just weeks after governor Adrian Orr abruptly left in March.Robbers, who is also general manager strategy, engagement and sustainability, will leave at the end of May after six years in the role, the Reserve Bank of NZ (RBNZ) said on Thursday.RBNZ governor Christian Hawkesby said Robbers had made “an incredible contribution” to the RBNZ, growing and delivering a function that played a crucial role in achieving...

1 week ago | businessdesk.co.nz | Rebecca Howard

Consumer price index inflation increased 2.5% in the 12 months to the March 2025 quarter, according to figures released by Stats New Zealand on Thursday.The consumer price index (CPI) rose 0.9% in the March 2025 quarter compared to the December 2024 quarter.Most economists and the central bank had forecast that annual inflation would be 2.4% in the first quarter.