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BusinessDesk | NZ breaking news and commentary on business, NZX and politics

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Freightways reached a new all-time high, and Skellerup made a strong gain as the New Zealand sharemarket defied the volatility overseas with a flat finish.

While Asian-Pacific markets were making a rapid rebound, the S&P/NZX 50 Index traded steadily after an early-morning dip and closed at 13,446.37, up 2.35 points or 0.02%. The index reached an intraday low of 13,3...


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The Government has confirmed it will contract to build a liquefied natural gas (LNG) import facility, likely funded through a levy on electricity users as an “insurance” policy against dry-year risk.

Energy Minister Simon Watts said the Government has shortlisted proposals and is moving into commercial contracting, aiming to finalise a contract by mid-2026.


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US manufacturer Bourns has made a formal cash offer of $1.55 per Rakon share, valuing the company at $356 million. 

The offer opened Feb 9 and will remain open until 11:59pm on March 23, unless extended. 


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By Sarah Nassauer and Patrick Thomas

Grocery giant Kroger plans to hire Greg Foran, a former executive at top rival Walmart, as its next chief executive, according to people familiar with the matter.


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Dual-listed Manuka Resources fell 35% on the open, catching up to a tumble on the Australian Securities Exchange on Friday after a fast-track expert panel issued a draft decision proposing to decline ...


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