Ella Somers

Majority government owned gentailers generated nearly $600 million in dividend entitlements for the Government during the June 2026 year as power prices rose

Majority government owned gentailers generated nearly $600 million in dividend entitlements for the Government during the June 2026 year as power prices rose

Bank economists split on October rate hike as RBNZ’s dovish shift signals a potential cash rate pause before the November 7 election

Bank economists split on October rate hike as RBNZ’s dovish shift signals a potential cash rate pause before the November 7 election

RBNZ raises the Official Cash Rate by 25 basis points to 2.75%, delivering a back-to-back hike in an effort to curb inflationary pressures

RBNZ raises the Official Cash Rate by 25 basis points to 2.75%, delivering a back-to-back hike in an effort to curb inflationary pressures

ANZ’s latest Business Outlook Survey for August finds firms 'keen to get on with things'

ANZ’s latest Business Outlook Survey for August finds firms 'keen to get on with things'

Economists in agreement the Reserve Bank will increase the Official Cash Rate again on Wednesday

Economists in agreement the Reserve Bank will increase the Official Cash Rate again on Wednesday

Air New Zealand's departing chief financial officer says the airline's domestic customers are starting to 'become accustomed' to the higher fares required to offset Air NZ's recent cost pressures

Air New Zealand's departing chief financial officer says the airline's domestic customers are starting to 'become accustomed' to the higher fares required to offset Air NZ's recent cost pressures

New Zealand’s national airline says the full-year net loss of $242 million was largely driven by increased fuel prices, engine availability issues, maintenance costs and aviation system costs rising at a rate well above inflation

New Zealand’s national airline says the full-year net loss of $242 million was largely driven by increased fuel prices, engine availability issues, maintenance costs and aviation system costs rising at a rate well above inflation

Lower wholesale electricity prices drive 50% profit drop for Genesis Energy, despite 14% rise in operating earnings to $518 million

Lower wholesale electricity prices drive 50% profit drop for Genesis Energy, despite 14% rise in operating earnings to $518 million

New mortgage borrowing in July slipped to lowest monthly level since February, falling 13% or almost $1.2 billion year-on-year as investors retreat

New mortgage borrowing in July slipped to lowest monthly level since February, falling 13% or almost $1.2 billion year-on-year as investors retreat

Meridian Energy reports a turnaround $130 million net profit, promises power price restraint for households and small businesses in the next year and says building new renewable generation and firming assets are key to long-term power price affordability

Meridian Energy reports a turnaround $130 million net profit, promises power price restraint for households and small businesses in the next year and says building new renewable generation and firming assets are key to long-term power price affordability

Statistics NZ’s retail trade survey finds squeezed household budgets caused a 0.5% drop in seasonally adjusted retail sales volumes in the June quarter, the first quarterly fall since December 2024

Statistics NZ’s retail trade survey finds squeezed household budgets caused a 0.5% drop in seasonally adjusted retail sales volumes in the June quarter, the first quarterly fall since December 2024

Heartland boss says $620m TSB-Heartland deal remains on track for December completion, says Heartland would preserve importance of Taranaki's local identity if deal goes ahead

Heartland boss says $620m TSB-Heartland deal remains on track for December completion, says Heartland would preserve importance of Taranaki's local identity if deal goes ahead

Heartland CEO Andrew Dixson says if the proposed TSB deal goes through, Heartland will continue to keep its focus on reverse mortgages front and centre as the group wants to capture 'as much of that market as we can'

Heartland CEO Andrew Dixson says if the proposed TSB deal goes through, Heartland will continue to keep its focus on reverse mortgages front and centre as the group wants to capture 'as much of that market as we can'

Heartland Group Holdings' annual profit surpasses $93 million as the trans-Tasman lender makes plans to continue driving growth in its reverse mortgage portfolio and pursues its proposed merger with TSB

Heartland Group Holdings' annual profit surpasses $93 million as the trans-Tasman lender makes plans to continue driving growth in its reverse mortgage portfolio and pursues its proposed merger with TSB

Fletcher Building wary of interest rate uncertainty amidst an ‘inflationary spiral’, while the CEO says selling off its troubled construction unit has removed ‘financial drain’ from the rest of the business

Fletcher Building wary of interest rate uncertainty amidst an ‘inflationary spiral’, while the CEO says selling off its troubled construction unit has removed ‘financial drain’ from the rest of the business

Fletcher Building reports $228 million in net earnings, sets sights on selling off its retirement village operations and won't pay dividends for the third year in a row

Fletcher Building reports $228 million in net earnings, sets sights on selling off its retirement village operations and won't pay dividends for the third year in a row

Mercury Energy boss says residential power price increases will be ‘at or under CPI’ inflation in the year ahead as the state-controlled generator and retailer looks to pass through its transmission and distribution pricing

Mercury Energy boss says residential power price increases will be ‘at or under CPI’ inflation in the year ahead as the state-controlled generator and retailer looks to pass through its transmission and distribution pricing

Mercury Energy’s operating earnings top $1 billion on the back of higher hydro generation, while annual profit surges to $321 million from just $1 million

Mercury Energy’s operating earnings top $1 billion on the back of higher hydro generation, while annual profit surges to $321 million from just $1 million

The latest PMI figures point to a ‘positive start’ to the third economic quarter of the year, but the latest PSI figures highlight a slow services sector that don't indicate a change to the unemployment rate anytime soon

The latest PMI figures point to a ‘positive start’ to the third economic quarter of the year, but the latest PSI figures highlight a slow services sector that don't indicate a change to the unemployment rate anytime soon

IAG NZ warns it may have to withdraw insurance from NZ’s flood-prone areas in the future if the Government doesn’t speed up natural hazard risk reduction

IAG NZ warns it may have to withdraw insurance from NZ’s flood-prone areas in the future if the Government doesn’t speed up natural hazard risk reduction

IAG NZ boss Phil Gibson says 'roughly a third' of customers received premium reductions during the June year

IAG NZ boss Phil Gibson says 'roughly a third' of customers received premium reductions during the June year

IAG New Zealand's annual insurance profit drops 23%, despite 80,000 new customers and natural disaster-related costs being lower than anticipated

IAG New Zealand's annual insurance profit drops 23%, despite 80,000 new customers and natural disaster-related costs being lower than anticipated

SEEK’s latest employment marketplace report says job ad numbers declined across New Zealand in July, with only a few ‘pockets of growth’

SEEK’s latest employment marketplace report says job ad numbers declined across New Zealand in July, with only a few ‘pockets of growth’

Weak commercial market and 'elevated' natural hazard events drives Suncorp NZ’s annual profit down $103 million to $316 million

Weak commercial market and 'elevated' natural hazard events drives Suncorp NZ’s annual profit down $103 million to $316 million

Westpac says retail spending scored a 2% gain in July as the FIFA World Cup drove up hospitality spending, but fuel prices continue to keep household budgets offside

Westpac says retail spending scored a 2% gain in July as the FIFA World Cup drove up hospitality spending, but fuel prices continue to keep household budgets offside