Business
Prada to close Auckland Queen Street outlet
Luxury retailer Prada is closing its two-storey Queen Street store on Wednesday. The outlet has operated in central Auckland for more than 10 years. A retail consultant suggests the closure may not have a significant impact on the street.
3 outlets · Jetstar launches new direct Christchurch to Perth seasonal service
Jetstar has commenced a new seasonal service between Christchurch and Perth, operating three times a week on Tuesdays, Thursdays and Saturdays. The route adds more than 37,000 seats over the summer period. Additionally, the airline has resumed direct flights between Christchurch and Sydney.
3 outlets · Ngāi Tahu Investments to sell Sanford shares for $72 million
Ngāi Tahu Investments will sell its remaining stake in Sanford to Japan's Umios Corporation for $72 million. The unconditional deal, valued at $7.47 per share, was signed on 26 October. Following the announcement, Sanford shares rose 12.3% on the NZX.
2 outlets · NZ First announces ten-point rail policy
Winston Peters has unveiled a $4 billion rail plan called the 'Commonsense Express'. The policy includes making the Te Huia passenger service permanent, upgrading the Kaimai Tunnel, and establishing new metropolitan rail companies. The plan also proposes bringing back the Southerner Train and trialling commuter rail in Canterbury.
2 outlets · NewWaikato Regional Council proposes Te Huia rail service overhaul
A new Waikato Regional Council report recommends expanding the Te Huia passenger rail service. The proposed plan includes hourly trains to Auckland, a new central Hamilton station, and additional stations using battery-electric trains. The project could cost hundreds of millions of dollars.
2 outlets · Private sector received 80% of recent public health funding increases
A report by Public Futures Aotearoa found that $2.4 billion of a $3 billion increase in public health funding over the last three years went to the private sector. Additionally, private providers received $14.8 billion from Health NZ and ACC in 2024/25, representing 46.4% of their combined spending.
4 outlets · Global dairy farmers to visit New Zealand for 2027 conference
Dozens of Jersey breeders, scientists, and industry leaders from up to 39 countries will visit Aotearoa for the World Jersey Conference 2027. The event will feature a three-week tour across the country to showcase New Zealand's dairy industry, genetics, and farms.
2 outlets · Agricultural growth and declining population change Central Otago character
Central Otago is experiencing a shift in character due to a booming agricultural sector and a declining workforce. The region is defined by contrasting weather patterns and a landscape shaped by its gold rush history.
2 outlets · Braemar Hospital staff strike over pay dispute
Nurses and technical staff at Hamilton's Braemar Hospital held a four-hour strike on Tuesday. Workers are seeking better pay, with some technicians claiming they earn hundreds less than those in the public sector.
2 outlets · Sunergise expands solar capabilities with purchase of Infratec
Auckland-based solar company Sunergise has acquired Infratec from WEL Networks to support larger infrastructure projects. The purchase includes all of Infratec's staff and operations. Sunergise, which recently completed New Zealand's largest rooftop solar installation, aims to grow its market share across New Zealand and the Pacific.
2 outlets · Reserve Bank expected to raise official cash rate to 3%
The Reserve Bank is widely expected to increase the official cash rate by 25 basis points this Wednesday. While some economists suggest the central bank may not make the right decision, the move is anticipated to bring the rate to 3%.
2 outlets · Air New Zealand flies first international passengers to new Sydney airport
Air New Zealand has become the first international airline to land at Western Sydney International Airport. The inaugural flight from Auckland arrived at 7.28am on Monday, marking the start of a new service that will run three times weekly until March 2027.
3 outlets · Hundreds face direct debit delays for Wellington water bills
Hundreds of direct-debit payments to the new Wellington water agency, Tiaki Wai, are stuck in processing delays. While some residents report financial hardship due to the issue, the agency says the delays are primarily caused by incorrect or incomplete information on forms.
2 outlets · Sport and sunshine boost Christchurch economy over Labour weekend
An estimated 10,000 visitors travelled to Christchurch for a sports-filled Labour weekend, expected to contribute $3.5 million to the local economy. The influx of people and warm weather provided a boost for hospitality businesses, including Riverside Market's Dosa Kitchen, which reported higher trade than the previous year.
2 outlets · ACT manifesto promises $12.4b debt reduction and government shrinkage
ACT has released its 2026 election manifesto, pledging to reduce debt by $12.4 billion by 2031. The plan aims to shrink government and redirect savings into healthcare, crime policy, and KiwiSaver. The party has also removed an earlier proposal to scrap the Permanent Resident Visa category.
2 outlets · Coroner calls for tougher forestry safety rules after worker's death
A coroner has recommended that Worksafe strengthen forestry safety regulations following the June 2022 death of Mykhailo Tremel. The 39-year-old was crushed by a falling tree at a Clevedon logging site. The coroner noted that assisted machine tree felling might have prevented the fatality.
2 outlets · Jetstar resumes direct flights between Christchurch and Sydney
Jetstar has restarted direct services between Christchurch and Sydney, adding four flights per week. The airline's return provides nearly 40,000 additional seats over the summer season. Jetstar joins Air New Zealand, Emirates, and Qantas as the fourth carrier operating this direct trans-Tasman route.
2 outlets · Voters prioritise repairing existing infrastructure over new projects
A recent poll suggests New Zealanders want politicians to focus on fixing ageing infrastructure and upgrading hospitals rather than starting new builds. While voters favour these improvements, they prefer funding them through spending cuts instead of tax increases or borrowing.
1 outlet · Airfares expected to rise for summer holiday travellers
Travelers planning summer trips may face higher costs this Christmas. Economist Benje Patterson notes fares will be more expensive than last year, with Stats NZ data showing September domestic flight bookings rose by 5.1% compared to the same period last year.
4 outlets · Proposed Ferris wheel could arrive on Auckland waterfront by December
US-based Skyline Attractions has applied to operate a 32m Ferris wheel at the Queens Wharf Breastworks. The attraction, which could carry 144 passengers, is being considered as part of plans to open central wharves to the public. The project's opening in December 2026 depends on resource consent.
3 outlets · Wayne Brown calls for $220m annual tourism funding for councils
Auckland Mayor Wayne Brown has launched a Tourism Funding Charter to seek a long-term national approach to tourism costs. Supported by over 100 leaders, the initiative includes a full-page advertisement calling for the Government to provide councils with $220 million annually.
3 outlets · WorkSafe shuts Christchurch chemical plant after worker critically injured
WorkSafe has shut down machinery at Solvent Rescue in Sydenham following an incident last week that left one person in critical condition. While fire officials reported a 200-litre spill of a carcinogenic degreaser, the company disputes that a spill or vapour release occurred, stating a worker tripped and fell.
3 outlets · Auckland Ikea workers to strike for first time this Labour weekend
Approximately 300 Ikea staff in Auckland will picket outside the Sylvia Park store this Saturday from 12pm to 4pm. Workers First Union says the industrial action is a response to a pay offer that fails to include weekend penalty rates or inflation-aligned increases.
4 outlets · Luxury car dealer disappears following abrupt Petone business closure
Simon O'Reilly has reportedly vanished after his luxury car dealership in Petone closed suddenly. Philanthropist Sir Mark Dunajtschik, who says O'Reilly owes him a substantial amount of money, expressed shock at the closure. The situation has reportedly blindsided various financiers and Wellington elites.
3 outlets · HR manager awarded $35,000 after unjustified dismissal from Bidfood
The Employment Relations Authority has ruled that Bidfood Limited unjustifiably dismissed HR manager Natalie Plows. While Plows made a "typical Asian" remark to a colleague, the authority found the company's disciplinary process was flawed. Bidfood erred by providing a preliminary dismissal decision before allowing Plows to respond to the investigation.
2 outlets · Asparagus season begins despite rising costs for growers
New Zealand's short asparagus season has started, with a strong beginning reported in the Waikato. While growers hope high demand will drive sales, they are facing pressure from increasing fuel and freight expenses.
2 outlets · Winton Land shareholders express trust concerns at first AGM since founder's resignation
Winton Land held its first AGM following the resignation of founder Chris Meehan. Shareholders expressed concerns regarding company trust, while new chairman Michael Stiassny stated that the business has moved past its recent period of turmoil and governance issues.
2 outlets · Fast-track panel grants draft approval for Mosgiel inland port
A fast-track panel has given draft approval for a proposed $100 million logistics hub near Mosgiel in Otago. The Southern Link Inland Port is planned for Dukes Road by Port Otago and Dynes Transport. The project now awaits final feedback and agreement on specific conditions.
2 outlets · Canterbury farmer to lease land for solar farm development
Bruce Wild is leasing land in Somerton, north of Ashburton, to energy developer Anza Power. The Mid Canterbury farmer is diversifying his income by allowing solar panels to be installed in a paddock alongside his sheep.
2 outlets · Annual inflation falls to 3.7 per cent in September quarter
New Zealand's annual inflation rate dropped to 3.7 per cent in the three months to September, down from 4.1 per cent in the June quarter. While lower, the rate remains above the Reserve Bank's 1–3 per cent target. Analysts suggest the dip may be temporary due to rising fuel and electricity costs.
4 outlets · Woolworths will not extend SuperGold discounts to new stores
Woolworths has confirmed it has no plans to expand its 5% SuperGold discount programme to more locations. The supermarket cited high costs and the need to balance investments in lower prices for all customers. Currently, the discount for card holders aged 65 and over applies to approximately one-third of its stores.
2 outlets · PSA warns government rates cap could cause multibillion-dollar shortfall
A Public Service Association report suggests the government's proposed rates cap could lead to significant budget cuts and increased user charges. The modelling estimates the 25 largest councils could face billions in losses, while Hamilton City Council officials warn a specific $833 million loss figure represents only one possible scenario.
2 outlets · Annual inflation rate falls to 3.7 percent in September quarter
New Zealand's annual inflation rate dropped to 3.7 percent in the September 2026 quarter, down from 4.1 percent in the previous quarter. Stats NZ reported that a fall in petrol prices helped offset other increases. However, some economists warn that inflation may rise again in the current quarter.
4 outlets · Kāinga Ora refuses to disclose offers for Strathmore state housing sale
Kāinga Ora will not reveal how many offers were received for the deadline sale of state housing units in Strathmore, Wellington. The agency stated it is withholding the information to protect its commercial position. This delay has led to allegations of political interference as the timeframe may extend past the upcoming election.
2 outlets · Grace Hospital staff strike over cost of living concerns
More than 100 nurses and support staff at Grace Hospital in Tauranga walked off the job for four hours on Wednesday. The workers, including members of the New Zealand Nurses Organisation, are protesting pay offers they say do not meet rising household costs. This is believed to be the first strike in the hospital's history.
2 outlets · TVNZ staff to strike over pay negotiations next week
Approximately 150 TVNZ staff members are scheduled to strike next Thursday, 29 October, over pay negotiations. The industrial action will take place between 1pm and 2pm in Auckland, Wellington, and Christchurch. The E tū union noted this is the first strike by TVNZ members in 20 years.
2 outlets · Lodestone Energy debuts on NZX after $75m share offer
Solar company Lodestone Energy has started trading on the NZX following an initial public offering that raised $75 million. The offer attracted approximately 10,000 new investors, marking the first significant listing on the exchange in about five years.
4 outlets · Waimakariri audit costs reduce funds for infrastructure
Waimakariri Mayor Dan Gordon says rising audit fees are diverting ratepayer money away from essential services like roads and pipes. The district council has budgeted $496,370 in its current annual plan to cover auditing for the 2026 annual report and the upcoming Long Term Plan.
2 outlets · Free parking in Blenheim CBD this Friday to mark street revamp
Marlborough District Council will waive parking fees in central Blenheim this Friday, 23 October. The initiative celebrates the reopening of the north end of Market Street between High and Alfred Streets following the completion of stage two of the Market Street Revamp.
2 outlets · Invercargill motorcycle business enters liquidation owing over $535,000
Crawford Motorcycles Limited, which traded as Southern Suzuki, went into liquidation in February 2026. The business owes more than $535,000 to 28 creditors, including Inland Revenue and former staff. Liquidators have warned that with minimal assets remaining, unsecured creditors are unlikely to receive any payment.
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