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

<!DOCTYPE html> <html lang="en"> <head>  <meta charset="utf-8"> <meta name="csrf-token" content="5DzjuvnCSokG8XOeIFfBhL2pls5sfZTjkTVvt2mg"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1"> <meta name="apple-itunes-app" content="app-id=1533325498, app-argument=https://apps.apple.com/us/app/businessdesk/id1533325498"> <meta name="twitter:card" content="summary_large_image"/> <title>BusinessDesk | NZ breaking news and commentary on business, NZX and politics</title> <meta name="description" content='Daily business and political economy news, analysis and informed opinion from NZ’s premier business publication. Subscribe today.'> <meta property="og:title" content='BusinessDesk | NZ Economic News & Commentary by Leading Kiwi Journalists'/> <meta property="og:url" content='https://businessdesk.co.nz'/> <meta property="og:description" content="The latest NZ business news, reporting, analysis, and commentary - by leading New Zealand journalists. Track & read mentions of your sector, industry, and company with BusinessDesk now."/> <meta property="og:image" content='/img/BD_FB_OG_business_intelligence.jpg'/> <meta property="twitter:image" content='/img/BD_FB_OG_business_intelligence.jpg'/>  <meta property="fb:pages" content="599425917085362"/>   <link rel="icon" href="/img/favico-32.png" sizes="32x32"> <link rel="icon" href="/img/favico-128.png" sizes="128x128"> <link rel="icon" href="/img/favico-180.png" sizes="180x180"> <link rel="icon" href="/img/favico-192.png" sizes="192x192"> <link rel="apple-touch-icon" href="/img/favico-180.png" sizes="180x180">  <link rel="preload" href="/img/logo.png" as="image">  <link href="/css/app.css?id=603739507a77547edb55" rel="stylesheet">  <script src="/js/jquery.min.js"></script>  <script defer class="coral-script" src="https://comments.businessdesk.co.nz/assets/js/count.js"></script>  <script> window.Spark = {"translations":{":trialDays Day Trial":":trialDays Day Trial","A fresh verification link has been sent to your email address.":"A fresh verification link has been sent to your email address.","API":"API","API Token":"API Token","API Tokens":"API Tokens","Action Button Text":"Action Button Text","Your application's dashboard.":"Your application's Dashboard","Dashboard":"Dashboard","Action Button URL":"Action Button URL","Add Discount":"Add Discount","Address":"Address","Address Line 2":"Address Line 2","After logging in via your emergency token, two-factor authentication will be disabled for your account. If you would like to maintain two-factor authentication security, you should re-enable it after logging in.":"After logging in via your emergency token, two-factor authentication will be disabled for your account. If you would like to maintain two-factor authentication security, you should re-enable it after logging in.","All subscription plan prices are excluding applicable VAT.":"All subscription plan prices are excluding applicable VAT.","All subscription plan prices include applicable VAT.":"All subscription plan prices include applicable VAT.","Amount":"Amount","Announcement":"Announcement","Announcements":"Announcements","Announcements you create here will be sent to the \"Product Announcements\" section of the notifications modal window, informing your users about new features and improvements to your application.":"Announcements you create here will be sent to the \"Product Announcements\" section of the notifications modal window, informing your users about new features and improvements to your application.","Apply Discount":"Apply Discount","Applying":"Applying","Are you sure you want to cancel your subscription?":"Are you sure you want to cancel your subscription?","Are you sure you want to delete this announcement?":"Are you sure you want to delete this announcement?","Are you sure you want to switch to the :planName plan?":"Are you sure you want to switch to the :planName plan?","Are you sure you want to delete this token? If deleted, API requests that attempt to authenticate using this token will no longer be accepted.":"Are you sure you want to delete this token? If deleted, API requests that attempt to authenticate using this token will no longer be accepted.","Assign All Abilities":"Assign All Abilities","Authentication Token":"Authentication Token","Back To My Account":"Back To My Account","Before proceeding, please check your email for a verification link.":"Before proceeding, please check your email for a verification link.","Billing":"Billing","Billing Information":"Billing Information","Cancel":"Cancel","Cancel Subscription":"Cancel Subscription","Cancelling":"Cancelling","Card":"Card","Cardholder's Name":"Cardholder's Name","City":"City","Click here to reset your password:":"Click here to reset your password:","Close":"Close","Confirm Password":"Confirm Password","Contact Information":"Contact Information","Copy To Clipboard":"Copy To Clipboard","Country":"Country","Country Code":"Country Code","Coupon":"Coupon","Coupon Code":"Coupon Code","Coupon accepted! The discount will be applied to your next invoice.":"Coupon accepted! The discount will be applied to your next invoice.","Create":"Create","Create API Token":"Create API Token","Create Announcement":"Create Announcement","Created":"Created","Current Password":"Current Password","click here to request another":"click here to request another","Daily Volume":"Daily Volume","Date":"Date","Day Trial":"Day Trial","Delete Announcement":"Delete Announcement","Delete Token":"Delete Token","Deleting":"Deleting","Developer":"Developer","Disable Two-Factor Authentication":"Disable Two-Factor Authentication","Disabling":"Disabling","Download PDF":"Download PDF","Duration":"Duration","E-Mail":"E-Mail","E-Mail Address":"E-Mail Address","Edit Token":"Edit Token","Email Address":"Email Address","Email Us":"Email Us","Emergency Token":"Emergency Token","Enable":"Enable","Enabling":"Enabling","Expiration":"Expiration","Extra Billing Information":"Extra Billing Information","Features":"Features","Forever":"Forever","Forgot Your Password?":"Forgot Your Password?","Free":"Free","Go To Login":"Go To Login","Got It!":"Got It!","Hello!":"Hello!","Here is your new API token.":"Here is your new API token.","Hi :name":"Hi :name","Hi!":"Hi!","I Accept :linkOpen The Terms Of Service :linkClose":"I Accept :linkOpen The Terms Of Service :linkClose","If you do not already have an account, you may click the following link to get started:":"If you do not already have an account, you may click the following link to get started:","If you lose your two-factor authentication device, you may use this emergency reset token to disable two-factor authentication on your account.":"If you lose your two-factor authentication device, you may use this emergency reset token to disable two-factor authentication on your account.","Impersonate":"Impersonate","Impersonation":"Impersonation","In order to use two-factor authentication, you must install the :authyLink application on your smartphone. Authy is available for iOS and Android.":"In order to use two-factor authentication, you must install the :authyLink application on your smartphone. Authy is available for iOS and Android.","Invoices":"Invoices","Joined":"Joined","Kiosk":"Kiosk","Last Used":"Last Used","Loading":"Loading","Loading Notifications":"Loading Notifications","Login":"Login","Login Via Emergency Token":"Login Via Emergency Token","Logout":"Logout","Lost Your Device?":"Lost Your Device?","Mailed Invitations":"Mailed Invitations","Membership":"Membership","Message":"Message","Metrics":"Metrics","Monthly":"Monthly","monthly":"monthly","mo":"mo","Yearly":"Yearly","yearly":"yearly","yr":"yr","Monthly Recurring Revenue":"Monthly Recurring Revenue","Search By Name Or E-Mail Address...":"Search By Name Or E-Mail Address...","Months":"Months","Multiple Months":"Multiple Months","N\/A":"N\/A","Name":"Name","Never":"Never","New Invitation!":"New Invitation!","New Users":"New Users","State":"State","Postal Code":"Postal Code","No customer support request recipient is defined.":"No customer support request recipient is defined.","No users matched the given criteria.":"No users matched the given criteria.","No, Go Back":"No, Go Back","None":"None","Notifications":"Notifications","On Generic Trial":"On Generic Trial","Once":"Once","Owner":"Owner","Password":"Password","Payment Method":"Payment Method","Pending Invitations":"Pending Invitations","Percentage":"Percentage","Phone Number":"Phone Number","Please select at least one ability.":"Please select at least one ability.","Profile":"Profile","Profile Photo":"Profile Photo","Recent Announcements":"Recent Announcements","Recurring Revenue":"Recurring Revenue","Redeem":"Redeem","Redeem Coupon":"Redeem Coupon","Redeeming":"Redeeming","Register":"Register","Registering":"Registering","Remember Me":"Remember Me","Remove All Abilities":"Remove All Abilities","Reset Password":"Reset Password","Reset Password Notification":"Reset Password Notification","You are receiving this email because we received a password reset request for your account.":"You are receiving this email because we received a password reset request for your account.","If you did not request a password reset, no further action is required.":"If you did not request a password reset, no further action is required.","Resume":"Resume","Resume Subscription":"Resume Subscription","Resuming":"Resuming","Role":"Role","Search Results":"Search Results","Searching":"Searching","Security":"Security","Security Code":"Security Code","See you soon!":"See you soon!","Select All":"Select All","Send":"Send","Send Invitation":"Send Invitation","Send Password Reset Link":"Send Password Reset Link","Sending":"Sending","Session Expired":"Session Expired","Settings":"Settings","Since you already have an account, you may accept the invitation from your account settings screen.":"Since you already have an account, you may accept the invitation from your account settings screen.","Something went wrong!":"Something went wrong!","Something went wrong. Please try again or contact customer support.":"Something went wrong with your card. Please try again or contact customer support.","State & ZIP \/ Postal Code":"State & ZIP \/ Postal Code","Subject":"Subject","Subscribe":"Subscribe","Subscribers":"Subscribers","Subscribing":"Subscribing","Subscription":"Subscription","Support":"Support","Support Request: ":"Support Request: ","Switch":"Switch","Tax":"Tax","Terms Of Service":"Terms Of Service","Thanks for your continued support. We've attached a copy of your invoice for your records. Please let us know if you have any questions or concerns!":"Thanks for your continued support. We've attached a copy of your invoice for your records. Please let us know if you have any questions or concerns!","Thanks!":"Thanks!","The benefits of your subscription will continue until your current billing period ends on :date. You may resume your subscription at no extra cost until the end of the billing period.":"The benefits of your subscription will continue until your current billing period ends on :date. You may resume your subscription at no extra cost until the end of the billing period.","The coupon :value discount will be applied to your subscription!":"The coupon :value discount will be applied to your subscription!","The emergency token was invalid.":"The emergency token was invalid.","The given password does not match our records.":"The given password does not match our records.","The invitation has been sent!":"The invitation has been sent!","This country does not match the origin country of your card.":"This country does not match the origin country of your card.","This coupon code is invalid.":"This coupon code is invalid.","This information will appear on all of your receipts, and is a great place to add your full business name, VAT number, or address of record. Do not include any confidential or financial information such as credit card numbers.":"This information will appear on all of your receipts, and is a great place to add your full business name, VAT number, or address of record. Do not include any confidential or financial information such as credit card numbers.","This invitation code is invalid.":"This invitation code is invalid.","This is the only time the token will ever be displayed, so be sure not to lose it!":"This is the only time the token will ever be displayed, so be sure not to lose it!","This is the only time this token will be displayed, so be sure not to lose it!":"This is the only time this token will be displayed, so be sure not to lose it!","This plan has been discontinued, but you may continue your subscription to this plan as long as you wish. If you cancel your subscription and later want to begin a new subscription, you will need to choose from one of the active plans listed below.":"This plan has been discontinued, but you may continue your subscription to this plan as long as you wish. If you cancel your subscription and later want to begin a new subscription, you will need to choose from one of the active plans listed below.","This team has too many team members for the selected plan.":"This team has too many team members for the selected plan.","This team is not eligible for this plan.":"This team is not eligible for this plan.","This user has a discount of :discountAmount for a single invoice.":"This user has a discount of :discountAmount for a single invoice.","This user has a discount of :discountAmount for all invoices during the next :months months.":"This user has a discount of :discountAmount for all invoices during the next :months months.","This user has a discount of :discountAmount for all invoices during the next month.":"This user has a discount of :discountAmount for all invoices during the next month.","This user has a discount of :discountAmount forever.":"This user has a discount of :discountAmount forever.","Toggle Navigation":"Toggle Navigation","Token Can":"Token Can","Token Name":"Token Name","Total Price Including Tax":"Total Price Including Tax","Total Revenue":"Total Revenue","Total Volume":"Total Volume","Trial":"Trial","Trialing":"Trialing","Two-Factor Authentication":"Two-Factor Authentication","Two-Factor Authentication Reset Code":"Two-Factor Authentication Reset Code","Type":"Type","Update":"Update","Update Announcement":"Update Announcement","Update Password":"Update Password","Update Payment Method":"Update Payment Method","Update Photo":"Update Photo","Update Subscription":"Update Subscription","Update VAT ID":"Update VAT ID","Updating":"Updating","Users":"Users","Users Currently Trialing":"Users Currently Trialing","VAT ID":"VAT ID","Verify":"Verify","Verify Your Email Address":"Verify Your Email Address","View Invitations":"View Invitations","We don't have anything to show you right now! But when we do, we'll be sure to let you know. Talk to you soon!":"We don't have anything to show you right now! But when we do, we'll be sure to let you know. Talk to you soon!","We had trouble updating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.":"We had trouble updating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.","We had trouble updating your payment method. It's possible your payment provider is preventing us from charging the payment method. Please contact your payment provider or customer support.":"We had trouble updating your payment method. It's possible your payment provider is preventing us from charging the payment method. Please contact your payment provider or customer support.","We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.":"We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.","We have received your message and will respond soon!":"We have received your message and will respond soon!","We were not able to enable two-factor authentication for this phone number.":"We were not able to enable two-factor authentication for this phone number.","We were unable to update your subscription. Please contact customer support.":"We were unable to update your subscription. Please contact customer support.","Whoops!":"Whoops!","Whoops! This coupon code is invalid.":"Whoops! This coupon code is invalid.","Whoops! This invitation code is invalid.":"Whoops! This invitation code is invalid.","Yearly Recurring Revenue":"Yearly Recurring Revenue","Yes, Cancel":"Yes, Cancel","Yes, Delete":"Yes, Delete","Yes, I'm Sure":"Yes, I'm Sure","Yes, Leave":"Yes, Leave","Yes, Remove":"Yes, Remove","You":"You","You are currently subscribed to the :planName plan.":"You are currently subscribed to the :planName plan.","You are currently within your free trial period. Your trial will expire on :date.":"You are currently within your free trial period. Your trial will expire on :date.","You are not eligible for this plan.":"You are not eligible for this plan.","You currently have :count invitation(s) remaining.":"You currently have :count invitation(s) remaining.","You currently receive a discount of :discountAmount for a single invoice.":"You currently receive a discount of :discountAmount for a single invoice.","You currently receive a discount of :discountAmount for all invoices during the next :months billing cycles.":"You currently receive a discount of :discountAmount for all invoices during the next :months billing cycles.","You currently receive a discount of :discountAmount for all invoices during the next :months months.":"You currently receive a discount of :discountAmount for all invoices during the next :months months.","You currently receive a discount of :discountAmount for all invoices during the next billing cycle.":"You currently receive a discount of :discountAmount for all invoices during the next billing cycle.","You currently receive a discount of :discountAmount for all invoices during the next month.":"You currently receive a discount of :discountAmount for all invoices during the next month.","You currently receive a discount of :discountAmount forever.":"You currently receive a discount of :discountAmount forever.","You have cancelled your subscription to the :planName plan.":"You have cancelled your subscription to the :planName plan.","You may revoke the token at any time from your API settings.":"You may revoke the token at any time from your API settings.","Your Email Address":"Your Email Address","Your Settings":"Your Settings","Your VAT ID has been updated!":"Your VAT ID has been updated!","Your billing information has been updated!":"Your billing information has been updated!","Your card has been updated.":"Your card has been updated.","Your contact information has been updated!":"Your contact information has been updated!","Your password has been updated!":"Your password has been updated!","Your payment method has been updated.":"Your payment method has been updated.","Your session has expired. Please login again to continue.":"Your session has expired. Please login again to continue.","Your trial period will expire on ":"Your trial period will expire on ","ZIP \/ Postal Code":"ZIP \/ Postal Code","Your current plan doesn't allow you to invite more members, please upgrade your subscription.":"Your current plan doesn't allow you to invite more members, please upgrade your subscription.","please upgrade your subscription":"please upgrade your subscription","second address line":"second address line","Alabama":"Alabama","Alaska":"Alaska","Arizona":"Arizona","Arkansas":"Arkansas","California":"California","Colorado":"Colorado","Connecticut":"Connecticut","Delaware":"Delaware","District of Columbia":"District of Columbia","Federated States Of Micronesia":"Federated States Of Micronesia","Florida":"Florida","Hawaii":"Hawaii","Idaho":"Idaho","Illinois":"Illinois","Indiana":"Indiana","Iowa":"Iowa","Kansas":"Kansas","Kentucky":"Kentucky","Louisiana":"Louisiana","Maine":"Maine","Maryland":"Maryland","Massachusetts":"Massachusetts","Michigan":"Michigan","Minnesota":"Minnesota","Mississippi":"Mississippi","Missouri":"Missouri","Montana":"Montana","Nebraska":"Nebraska","Nevada":"Nevada","New Hampshire":"New Hampshire","New Jersey":"New Jersey","New Mexico":"New Mexico","New York":"New York","North Carolina":"North Carolina","North Dakota":"North Dakota","Ohio":"Ohio","Oklahoma":"Oklahoma","Oregon":"Oregon","Pennsylvania":"Pennsylvania","Rhode Island":"Rhode Island","South Carolina":"South Carolina","South Dakota":"South Dakota","Tennessee":"Tennessee","Texas":"Texas","Utah":"Utah","Vermont":"Vermont","Virgin Islands":"Virgin Islands","Virginia":"Virginia","Washington":"Washington","West Virginia":"West Virginia","Wisconsin":"Wisconsin","Wyoming":"Wyoming","Armed Forces Africa \/ Canada \/ Europe \/ Middle East":"Armed Forces Africa \/ Canada \/ Europe \/ Middle East","Armed Forces America (Except Canada)":"Armed Forces America (Except Canada)","Armed Forces Pacific":"Armed Forces Pacific","Alberta":"Alberta","British Columbia":"British Columbia","Manitoba":"Manitoba","New Brunswick":"New Brunswick","Newfoundland and Labrador":"Newfoundland and Labrador","Northwest Territories":"Northwest Territories","Nova Scotia":"Nova Scotia","Nunavut":"Nunavut","Ontario":"Ontario","Prince Edward Island":"Prince Edward Island","Quebec":"Quebec","Saskatchewan":"Saskatchewan","Yukon":"Yukon","Afghanistan":"Afghanistan","\u00c5land Islands":"\u00c5land Islands","Albania":"Albania","Algeria":"Algeria","American Samoa":"American Samoa","Andorra":"Andorra","Angola":"Angola","Anguilla":"Anguilla","Antarctica":"Antarctica","Antigua and Barbuda":"Antigua and Barbuda","Argentina":"Argentina","Armenia":"Armenia","Aruba":"Aruba","Australia":"Australia","Austria":"Austria","Azerbaijan":"Azerbaijan","Bahamas":"Bahamas","Bahrain":"Bahrain","Bangladesh":"Bangladesh","Barbados":"Barbados","Belarus":"Belarus","Belgium":"Belgium","Belize":"Belize","Benin":"Benin","Bermuda":"Bermuda","Bhutan":"Bhutan","Bolivia, Plurinational State of":"Bolivia, Plurinational State of","Bosnia and Herzegovina":"Bosnia and Herzegovina","Botswana":"Botswana","Bouvet Island":"Bouvet Island","Brazil":"Brazil","British Indian Ocean Territory":"British Indian Ocean Territory","Brunei Darussalam":"Brunei Darussalam","Bulgaria":"Bulgaria","Burkina Faso":"Burkina Faso","Burundi":"Burundi","Cambodia":"Cambodia","Cameroon":"Cameroon","Canada":"Canada","Cape Verde":"Cape Verde","Cayman Islands":"Cayman Islands","Central African Republic":"Central African Republic","Chad":"Chad","Chile":"Chile","China":"China","Christmas Island":"Christmas Island","Cocos (Keeling) Islands":"Cocos (Keeling) Islands","Colombia":"Colombia","Comoros":"Comoros","Congo":"Congo","Congo, the Democratic Republic of the":"Congo, the Democratic Republic of the","Cook Islands":"Cook Islands","Costa Rica":"Costa Rica","C\u00f4te d'Ivoire":"C\u00f4te d'Ivoire","Croatia":"Croatia","Cuba":"Cuba","Cyprus":"Cyprus","Czech Republic":"Czech Republic","Denmark":"Denmark","Djibouti":"Djibouti","Dominica":"Dominica","Dominican Republic":"Dominican Republic","Ecuador":"Ecuador","Egypt":"Egypt","El Salvador":"El Salvador","Equatorial Guinea":"Equatorial Guinea","Eritrea":"Eritrea","Estonia":"Estonia","Ethiopia":"Ethiopia","Falkland Islands (Malvinas)":"Falkland Islands (Malvinas)","Faroe Islands":"Faroe Islands","Fiji":"Fiji","Finland":"Finland","France":"France","French Guiana":"French Guiana","French Polynesia":"French Polynesia","French Southern Territories":"French Southern Territories","Gabon":"Gabon","Gambia":"Gambia","Georgia":"Georgia","Germany":"Germany","Ghana":"Ghana","Gibraltar":"Gibraltar","Greece":"Greece","Greenland":"Greenland","Grenada":"Grenada","Guadeloupe":"Guadeloupe","Guam":"Guam","Guatemala":"Guatemala","Guernsey":"Guernsey","Guinea":"Guinea","Guinea-Bissau":"Guinea-Bissau","Guyana":"Guyana","Haiti":"Haiti","Heard Island and McDonald Islands":"Heard Island and McDonald Islands","Holy See (Vatican City State)":"Holy See (Vatican City State)","Honduras":"Honduras","Hong Kong":"Hong Kong","Hungary":"Hungary","Iceland":"Iceland","India":"India","Indonesia":"Indonesia","Iran, Islamic Republic of":"Iran, Islamic Republic of","Iraq":"Iraq","Ireland":"Ireland","Isle of Man":"Isle of Man","Israel":"Israel","Italy":"Italy","Jamaica":"Jamaica","Japan":"Japan","Jersey":"Jersey","Jordan":"Jordan","Kazakhstan":"Kazakhstan","Kenya":"Kenya","Kiribati":"Kiribati","Korea, Democratic People's Republic of":"Korea, Democratic People's Republic of","Korea, Republic of":"Korea, Republic of","Kuwait":"Kuwait","Kyrgyzstan":"Kyrgyzstan","Lao People's Democratic Republic":"Lao People's Democratic Republic","Latvia":"Latvia","Lebanon":"Lebanon","Lesotho":"Lesotho","Liberia":"Liberia","Libyan Arab Jamahiriya":"Libyan Arab Jamahiriya","Liechtenstein":"Liechtenstein","Lithuania":"Lithuania","Luxembourg":"Luxembourg","Macao":"Macao","Macedonia, the former Yugoslav Republic of":"Macedonia, the former Yugoslav Republic of","Madagascar":"Madagascar","Malawi":"Malawi","Malaysia":"Malaysia","Maldives":"Maldives","Mali":"Mali","Malta":"Malta","Marshall Islands":"Marshall Islands","Martinique":"Martinique","Mauritania":"Mauritania","Mauritius":"Mauritius","Mayotte":"Mayotte","Mexico":"Mexico","Micronesia, Federated States of":"Micronesia, Federated States of","Moldova, Republic of":"Moldova, Republic of","Monaco":"Monaco","Mongolia":"Mongolia","Montenegro":"Montenegro","Montserrat":"Montserrat","Morocco":"Morocco","Mozambique":"Mozambique","Myanmar":"Myanmar","Namibia":"Namibia","Nauru":"Nauru","Nepal":"Nepal","Netherlands":"Netherlands","Netherlands Antilles":"Netherlands Antilles","New Caledonia":"New Caledonia","New Zealand":"New Zealand","Nicaragua":"Nicaragua","Niger":"Niger","Nigeria":"Nigeria","Niue":"Niue","Norfolk Island":"Norfolk Island","Northern Mariana Islands":"Northern Mariana Islands","Norway":"Norway","Oman":"Oman","Pakistan":"Pakistan","Palau":"Palau","Palestinian Territory, Occupied":"Palestinian Territory, Occupied","Panama":"Panama","Papua New Guinea":"Papua New Guinea","Paraguay":"Paraguay","Peru":"Peru","Philippines":"Philippines","Pitcairn":"Pitcairn","Poland":"Poland","Portugal":"Portugal","Puerto Rico":"Puerto Rico","Qatar":"Qatar","R\u00e9union":"R\u00e9union","Romania":"Romania","Russian Federation":"Russian Federation","Rwanda":"Rwanda","Saint Barth\u00e9lemy":"Saint Barth\u00e9lemy","Saint Helena":"Saint Helena","Saint Kitts and Nevis":"Saint Kitts and Nevis","Saint Lucia":"Saint Lucia","Saint Martin (French part)":"Saint Martin (French part)","Saint Pierre and Miquelon":"Saint Pierre and Miquelon","Saint Vincent and the Grenadines":"Saint Vincent and the Grenadines","Samoa":"Samoa","San Marino":"San Marino","Sao Tome and Principe":"Sao Tome and Principe","Saudi Arabia":"Saudi Arabia","Senegal":"Senegal","Serbia":"Serbia","Seychelles":"Seychelles","Sierra Leone":"Sierra Leone","Singapore":"Singapore","Slovakia":"Slovakia","Slovenia":"Slovenia","Solomon Islands":"Solomon Islands","Somalia":"Somalia","South Africa":"South Africa","South Georgia and the South Sandwich Islands":"South Georgia and the South Sandwich Islands","Spain":"Spain","Sri Lanka":"Sri Lanka","Sudan":"Sudan","Suriname":"Suriname","Svalbard and Jan Mayen":"Svalbard and Jan Mayen","Swaziland":"Swaziland","Sweden":"Sweden","Switzerland":"Switzerland","Syrian Arab Republic":"Syrian Arab Republic","Taiwan, Province of China":"Taiwan, Province of China","Tajikistan":"Tajikistan","Tanzania, United Republic of":"Tanzania, United Republic of","Thailand":"Thailand","Timor-Leste":"Timor-Leste","Togo":"Togo","Tokelau":"Tokelau","Tonga":"Tonga","Trinidad and Tobago":"Trinidad and Tobago","Tunisia":"Tunisia","Turkey":"Turkey","Turkmenistan":"Turkmenistan","Turks and Caicos Islands":"Turks and Caicos Islands","Tuvalu":"Tuvalu","Uganda":"Uganda","Ukraine":"Ukraine","United Arab Emirates":"United Arab Emirates","United Kingdom":"United Kingdom","United States":"United States","United States Minor Outlying Islands":"United States Minor Outlying Islands","Uruguay":"Uruguay","Uzbekistan":"Uzbekistan","Vanuatu":"Vanuatu","Venezuela, Bolivarian Republic of":"Venezuela, Bolivarian Republic of","Viet Nam":"Viet Nam","Virgin Islands, British":"Virgin Islands, British","Virgin Islands, U.S.":"Virgin Islands, U.S.","Wallis and Futuna":"Wallis and Futuna","Western Sahara":"Western Sahara","Yemen":"Yemen","Zambia":"Zambia","Zimbabwe":"Zimbabwe","teams.team":" Team","teams.member":" Member"},"braintreeMerchantId":null,"braintreeToken":null,"cardUpFront":true,"collectsBillingAddress":false,"collectsEuropeanVat":false,"createsAdditionalTeams":false,"csrfToken":"5DzjuvnCSokG8XOeIFfBhL2pls5sfZTjkTVvt2mg","currencySymbol":"$","env":"production","roles":[],"state":{"user":null,"teams":[],"currentTeam":null},"stripeKey":"pk_live_MiVFxot1ZVub06E61X3C3sJZ00zcXQTtbk","teamsPrefix":"teams","teamsIdentifiedByPath":false,"userId":null,"usesApi":false,"usesBraintree":false,"usesTeams":true,"usesStripe":true,"chargesUsersPerSeat":false,"seatName":null,"chargesTeamsPerSeat":false,"teamSeatName":null,"chargesUsersPerTeam":false,"chargesTeamsPerMember":false}; </script> <link rel="canonical" href="https://businessdesk.co.nz"/>  <script>(function (w, d, s, l, i) { w[l] = w[l] || []; w[l].push({'gtm.start': new Date().getTime(), event: 'gtm.js'}); var f = d.getElementsByTagName(s)[0], j = d.createElement(s), dl = l != 'dataLayer' ? '&l=' + l : ''; j.async = true; j.src = 'https://www.googletagmanager.com/gtm.js?id=' + i + dl; f.parentNode.insertBefore(j, f); })(window, document, 'script', 'dataLayer', 'GTM-WGJCJ63'); </script>  <script async src='https://securepubads.g.doubleclick.net/tag/js/gpt.js'></script> <script> var dfp_site = 'businessdesk'; var dfp_path = '/home'; var dfp_tags = {}; dfp_tags.pt = 'home'; dfp_tags.subscriber = 'false'; dfp_tags.user_type = 'individual'; </script> <script type="application/ld+json"> { "@context": "http://schema.org", "@type": "NewsArticle", "isAccessibleForFree": true, "publisher": { "@type": "Organization", "@id": "com.subscriber.businessdesk.businessdesk", "name": "BusinessDesk", "foundingDate": "2001-01-01", "url": "https://businessdesk.co.nz", "logo": { "@type": "ImageObject", "url": "https://businessdesk.co.nz/img/logo.png", "width": "2862", "height": "300" } }, "hasPart": { "@type": "WebPageElement", "isAccessibleForFree": false, "cssSelector" : ".paywall" }, "isPartOf": { "@type": ["CreativeWork", "Product"], "name" : "Individual Monthly", "productID": "businessdesk.co.nz:premium" } } </script> <script type="application/ld+json"> { "@context": "https://schema.org", "@type": "NewsMediaOrganization", "name": "BusinessDesk", "url": "https://businessdesk.co.nz", "logo": "https://businessdesk.co.nz/img/logo.png", "sameAs": [ "https://www.facebook.com/businessdesknz", "https://twitter.com/businessdesk_nz", "https://www.linkedin.com/company/businessdesknz" ] } </script> <script> const USER_LOGGED_IN = false; </script> <script> const CSRF_TOKEN = "5DzjuvnCSokG8XOeIFfBhL2pls5sfZTjkTVvt2mg"; const SWG_CHECK_USER_ENDPOINT = "https://businessdesk.co.nz/swg/check-user"; const SWG_AUTO_LOGIN_ENDPOINT = "https://businessdesk.co.nz/swg/auto-login"; const SWG_HANDLE_ENTITLEMENTS_ENDPOINT = "https://businessdesk.co.nz/swg/handle-entitlements"; const SKUS = ["individual_annual", "individual_monthly"]; </script> <script src="https://businessdesk.co.nz/swg/handle.js" defer></script> <script subscriptions-control="manual" src="https://news.google.com/swg/js/v1/swg.js" async></script> <script id='GaaScripts' src="https://news.google.com/swg/js/v1/swg-gaa.js" async></script> <script src="https://accounts.google.com/gsi/client"></script> <script> GaaScripts.addEventListener('load', function () { userState = { granted: false }; GaaMetering.init({ userState: userState, }); }); </script> <script> (function (a, s, y, n, c, h, i, d, e) { s.className += ' ' + y; h.start = 1 * new Date; h.end = i = function () { s.className = s.className.replace(RegExp(' ?' + y), '') }; (a[n] = a[n] || []).hide = h; setTimeout(function () { i(); h.end = null; }, c); h.timeout = c; })(window, document.documentElement, 'async-hide', 'dataLayer', 4000, {'OPT-TMJ9GDT': true}); </script> <script async src="https://www.googleoptimize.com/optimize.js?id=OPT-TMJ9GDT" onerror="dataLayer.hide.end && dataLayer.hide.end()"></script>  <style> .async-hide { opacity: 0 !important } </style>  <script src="/js/app.js?id=25531c3fcb0bef1fbc7b" defer></script> <script src="/js/custom.js?id=b13fa194e5782c160b82"></script>  <script async src='https://nzme-ads.co.nz/js/nzmedfp.js'></script> </head> <body>  <noscript> <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-WGJCJ63" height="0" width="0" style="display:none;visibility:hidden"></iframe> </noscript>  <div id="g_id_onload" data-client_id="263002134568-g737gmd50lftc3h9p9hovqp1tjvcvqc1.apps.googleusercontent.com" data-itp_support="true" data-ux_mode="redirect" data-login_uri="https://businessdesk.co.nz/login_with_google?created_from=web"> </div> <div id="spark-app" >  <header class="new header"> <div class="container-fluid container-xxl p-0 p-sm-3"> <div class="row no-gutters navigation"> <div class="col d-flex navbar-left-menu"> <div class="d-flex align-items-center"> <div class="menu-button" onclick="openMainMenu()"> <img src="/images/menu.svg" class="menu-img" alt="Menu"/> </div> <span class="ml-2 d-none d-md-block header-link">Menu</span> </div> <div class="d-none d-md-flex align-items-center ml-4"> <search></search> </div> <div class="d-none d-md-flex align-items-center nav-menu-link ml-4"> <div class="search-icon"> <a href="/"> <img src="/images/icons/back-white.svg" class="search-img" alt="Search"/> </a> </div> <span class="ml-2 d-none d-md-block"> <a class="text-decoration-none" href="/">Home</a> </span> </div> </div> <div class="col header-logo-col"> <div class="header-logo"> <a href="/"><img src="/images/logo_original.svg" class="img-fluid" alt="BusinessDesk"/></a> </div> </div> <div class="col d-flex navbar-right-menu"> <nav class="navbar navbar navbar-expand-md navbar-dark navbar-right p-0 "> <a href="/settings" class="pt-2 navbar-toggler" type="button" aria-controls="navbarNav" aria-expanded="false" aria-label="Toggle navigation"> <img src="/images/icons/account-white.svg" class="account-img" alt="Account"/> </a> <div class="collapse navbar-collapse pt-1" id="navbarNav"> <ul class="navbar-nav ml-auto"> <li class="nav-item pt-1"><a class="logout-nav-link" href="/about">About</a></li> <li class="nav-item pt-1 px-4"><a class="logout-nav-link" href="/login">Login</a></li> <li class="nav-item pt-1"><a class="text-white red-button text-decoration-none" href="/register">Subscribe</a></li> </ul> </div> </nav> </div> </div> <div class="main-menu" id="mainMenu"> <div class="menu-content"> <div class="menu-header"> <a href="javascript:closeMainMenu()" class="close-button"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M18 6L6 18" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> <path d="M6 6L18 18" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </a> <div class="search"> <div class="search-group"> <span id="menuSearchButton" class="search-button"> <img class="search-img" src="/images/icons/search-sm.svg" alt="Search"/> </span> <input id="menuSearchInput" type="text" class="form-control search-input" placeholder="Search or ask a question with ‘?’" aria-label="Search" aria-describedby="basic-addon"> <span id="menuSearchClear" class="search-clear d-none"> <img class="search-img" src="/images/icons/new-close-button.svg" alt="Clear"/> </span> </div> </div> </div> <div class="menu"> <div class="categories"> <ul class="cat-menu"> <li class="menu-item"><div class="menu-content"><a href="/" class="menu-link">Home</a></div></li> <li class="menu-item"><div class="menu-content"><a href="https://businessdesk.co.nz/news" class="menu-link">All News</a></div></li> <li class="menu-item" style="border-right-color: #AEA1FF" onmouseover="showSubMenu(this)" onmouseleave="hideSubMenu(this)" > <div class="menu-content"> <a href="https://businessdesk.co.nz/hot-topics" class="menu-link"> HOT TOPICS </a> <span class="sub-menu-button" onclick="toggleSubMenu(this)"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="#AEA1FF" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> <div class="sub-menu collapse" id="subMenu128"> <ul class="sub-menu-list"> <li class="sub-menu-title d-none d-md-block mb-3"> <a href="https://businessdesk.co.nz/hot-topics" class="menu-link"> HOT TOPICS </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/du-val" class="menu-link"> Du Val </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/earnings-2025" class="menu-link"> Earnings 2025 </a> </li> </ul> </div> </div> </li> <li class="menu-item" style="border-right-color: #EF496F" onmouseover="showSubMenu(this)" onmouseleave="hideSubMenu(this)" > <div class="menu-content"> <a href="https://businessdesk.co.nz/markets" class="menu-link"> Markets </a> <span class="sub-menu-button" onclick="toggleSubMenu(this)"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="#EF496F" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> <div class="sub-menu collapse" id="subMenu8"> <ul class="sub-menu-list"> <li class="sub-menu-title d-none d-md-block mb-3"> <a href="https://businessdesk.co.nz/markets" class="menu-link"> Markets </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/energy-crunch" class="menu-link"> Energy Crunch </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/nzx50-carbon-insight" class="menu-link"> NZX50 Carbon Insight </a> </li> </ul> </div> </div> </li> <li class="menu-item" style="border-right-color: #FB9E00" onmouseover="showSubMenu(this)" onmouseleave="hideSubMenu(this)" > <div class="menu-content"> <a href="https://businessdesk.co.nz/podcasts" class="menu-link"> Podcasts </a> <span class="sub-menu-button" onclick="toggleSubMenu(this)"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="#FB9E00" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> <div class="sub-menu collapse" id="subMenu85"> <ul class="sub-menu-list"> <li class="sub-menu-title d-none d-md-block mb-3"> <a href="https://businessdesk.co.nz/podcasts" class="menu-link"> Podcasts </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/business-of-tech" class="menu-link"> Business of Tech </a> </li> </ul> </div> </div> </li> <li class="menu-item" style="border-right-color: #D20000" > <div class="menu-content"> <a href="https://businessdesk.co.nz/opinion" class="menu-link"> Opinion </a> </div> </li> <li class="menu-item" style="border-right-color: #EC7016" > <div class="menu-content"> <a href="https://businessdesk.co.nz/on-the-money" class="menu-link"> On the Money </a> </div> </li> <li class="menu-item" style="border-right-color: #EC7016" onmouseover="showSubMenu(this)" onmouseleave="hideSubMenu(this)" > <div class="menu-content"> <a href="https://businessdesk.co.nz/business" class="menu-link"> Business </a> <span class="sub-menu-button" onclick="toggleSubMenu(this)"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="#EC7016" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> <div class="sub-menu collapse" id="subMenu99"> <ul class="sub-menu-list"> <li class="sub-menu-title d-none d-md-block mb-3"> <a href="https://businessdesk.co.nz/business" class="menu-link"> Business </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/best-of-bd" class="menu-link"> Best of BD </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/best-of-bd-2023" class="menu-link"> Best of BD 2023 </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/energy" class="menu-link"> Energy </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/ethical-business" class="menu-link"> Ethical Business </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/forward-planning-2024" class="menu-link"> Forward Planning 2024 </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/infrastructure" class="menu-link"> Infrastructure </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/law-regulation" class="menu-link"> Law & Regulation </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/media" class="menu-link"> Media </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/not-for-profit" class="menu-link"> Not For Profit </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/on-the-money" class="menu-link"> On the Money </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/primary-sector" class="menu-link"> Primary Sector </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/retail" class="menu-link"> Retail </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/self-promotion" class="menu-link"> Self promotion </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/services" class="menu-link"> Services </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/sport" class="menu-link"> Sport </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/tourism" class="menu-link"> Tourism </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/transport" class="menu-link"> Transport </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/us-election-2024" class="menu-link"> US Election 2024 </a> </li> </ul> </div> </div> </li> <li class="menu-item" style="border-right-color: #079C54" onmouseover="showSubMenu(this)" onmouseleave="hideSubMenu(this)" > <div class="menu-content"> <a href="https://businessdesk.co.nz/economy" class="menu-link"> Economy </a> <span class="sub-menu-button" onclick="toggleSubMenu(this)"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="#079C54" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> <div class="sub-menu collapse" id="subMenu4"> <ul class="sub-menu-list"> <li class="sub-menu-title d-none d-md-block mb-3"> <a href="https://businessdesk.co.nz/economy" class="menu-link"> Economy </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/budget-2024" class="menu-link"> Budget 2024 </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/climate-change" class="menu-link"> Climate change </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/climate-policy" class="menu-link"> Climate Policy </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/coronavirus" class="menu-link"> Coronavirus </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/environment" class="menu-link"> Environment </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/immigration" class="menu-link"> Immigration </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/maori-economy" class="menu-link"> Māori Economy </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/trade" class="menu-link"> Trade </a> </li> </ul> </div> </div> </li> <li class="menu-item" style="border-right-color: #079C54" onmouseover="showSubMenu(this)" onmouseleave="hideSubMenu(this)" > <div class="menu-content"> <a href="https://businessdesk.co.nz/finance" class="menu-link"> Finance </a> <span class="sub-menu-button" onclick="toggleSubMenu(this)"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="#079C54" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> <div class="sub-menu collapse" id="subMenu1"> <ul class="sub-menu-list"> <li class="sub-menu-title d-none d-md-block mb-3"> <a href="https://businessdesk.co.nz/finance" class="menu-link"> Finance </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/sustainable-finance" class="menu-link"> Sustainable Finance </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/turning-the-tap" class="menu-link"> Turning the Tap </a> </li> </ul> </div> </div> </li> <li class="menu-item" style="border-right-color: #EC7016" > <div class="menu-content"> <a href="https://businessdesk.co.nz/primary-sector" class="menu-link"> Primary Sector </a> </div> </li> <li class="menu-item" style="border-right-color: #EC7016" > <div class="menu-content"> <a href="https://businessdesk.co.nz/infrastructure" class="menu-link"> Infrastructure </a> </div> </li> <li class="menu-item" style="border-right-color: #EC9C01" onmouseover="showSubMenu(this)" onmouseleave="hideSubMenu(this)" > <div class="menu-content"> <a href="https://businessdesk.co.nz/investments" class="menu-link"> Investments </a> <span class="sub-menu-button" onclick="toggleSubMenu(this)"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="#EC9C01" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> <div class="sub-menu collapse" id="subMenu87"> <ul class="sub-menu-list"> <li class="sub-menu-title d-none d-md-block mb-3"> <a href="https://businessdesk.co.nz/investments" class="menu-link"> Investments </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/kiwisaver" class="menu-link"> KiwiSaver </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/money" class="menu-link"> Money </a> </li> </ul> </div> </div> </li> <li class="menu-item" style="border-right-color: #B6744F" > <div class="menu-content"> <a href="https://businessdesk.co.nz/public-sector" class="menu-link"> Public sector </a> </div> </li> <li class="menu-item" style="border-right-color: #794BDA" onmouseover="showSubMenu(this)" onmouseleave="hideSubMenu(this)" > <div class="menu-content"> <a href="https://businessdesk.co.nz/technology" class="menu-link"> Technology </a> <span class="sub-menu-button" onclick="toggleSubMenu(this)"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="#794BDA" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> <div class="sub-menu collapse" id="subMenu43"> <ul class="sub-menu-list"> <li class="sub-menu-title d-none d-md-block mb-3"> <a href="https://businessdesk.co.nz/technology" class="menu-link"> Technology </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/cryptocurrency" class="menu-link"> Cryptocurrency </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/startups" class="menu-link"> Startups </a> </li> </ul> </div> </div> </li> <li class="menu-item" style="border-right-color: #EC7016" > <div class="menu-content"> <a href="https://businessdesk.co.nz/energy" class="menu-link"> Energy </a> </div> </li> <li class="menu-item" style="border-right-color: #EF496F" > <div class="menu-content"> <a href="https://businessdesk.co.nz/property" class="menu-link"> Property </a> </div> </li> <li class="menu-item" style="border-right-color: #11B1BB" onmouseover="showSubMenu(this)" onmouseleave="hideSubMenu(this)" > <div class="menu-content"> <a href="https://businessdesk.co.nz/the-life" class="menu-link"> The Life </a> <span class="sub-menu-button" onclick="toggleSubMenu(this)"> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" stroke="#11B1BB" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#1E1E1E" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </span> <div class="sub-menu collapse" id="subMenu21"> <ul class="sub-menu-list"> <li class="sub-menu-title d-none d-md-block mb-3"> <a href="https://businessdesk.co.nz/the-life" class="menu-link"> The Life </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/art" class="menu-link"> Art </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/cars" class="menu-link"> Cars </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/e-bikes" class="menu-link"> E-Bikes </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/good-food" class="menu-link"> Good Food </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/luxury-lodges" class="menu-link"> Luxury Lodges </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/my-net-worth" class="menu-link"> My Net Worth </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/travel" class="menu-link"> Travel </a> </li> <li class="sub-menu-item"> <a href="https://businessdesk.co.nz/wine" class="menu-link"> Wine </a> </li> </ul> </div> </div> </li> <li class="menu-item" style="border-right-color: #1E1E1E" > <div class="menu-content"> <a href="https://businessdesk.co.nz/the-quiz" class="menu-link"> The Quiz </a> </div> </li> </ul> </div> <div class="shortcuts"> <div class="small-title">More</div> <div class="menu-item"> <div class="menu-content"> <a href="/the-quiz" class="menu-link">Quizzes</a> </div> </div> <div class="menu-item"> <div class="menu-content"> <a href="/podcasts" class="menu-link">Cooking the Book Podcast</a> </div> </div> </div> <div class="pages"> <div class="small-title">BusinessDesk</div> <div class="menu-item"> <div class="menu-content"> <a href="/about" class="menu-link">About Us</a> </div> </div> <div class="menu-item"> <div class="menu-content"> <a href="/teams" class="menu-link">Team Subscriptions</a> </div> </div> </div> </div> </div> <span class="menu-overlay" onclick="closeMainMenu()"></span> </div> </div> </header>  <section class="header-menu"> <div class="container-fluid container-xxl"> <nav class="navbar navbar-expand navbar-light bg-color-white"> <ul class="navbar-nav" style="justify-content: center"> <li class="nav-item"><a class="nav-link" href="/news">All News</a></li> <li class="nav-item"><a class="nav-link" href="/fundsource">FundSource</a></li> <li class="nav-item"><a class="nav-link" href="/mortgage-rates">Rates</a></li> <li class="nav-item dropdown " style="border-color: #AEA1FF"> <a class="nav-link dropdown-toggle " id="headerMenu128" href="https://businessdesk.co.nz/hot-topics"> HOT TOPICS </a> <div class="dropdown-menu" aria-labelledby="headerMenu128"> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/du-val" class="dropdown-link"> Du Val </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/earnings-2025" class="dropdown-link"> Earnings 2025 </a> </div> <div class="dropdown-overlay"></div> </div> </li> <li class="nav-item dropdown " style="border-color: #EF496F"> <a class="nav-link dropdown-toggle " id="headerMenu8" href="https://businessdesk.co.nz/markets"> Markets </a> <div class="dropdown-menu" aria-labelledby="headerMenu8"> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/energy-crunch" class="dropdown-link"> Energy Crunch </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/nzx50-carbon-insight" class="dropdown-link"> NZX50 Carbon Insight </a> </div> <div class="dropdown-overlay"></div> </div> </li> <li class="nav-item dropdown " style="border-color: #FB9E00"> <a class="nav-link dropdown-toggle " id="headerMenu85" href="https://businessdesk.co.nz/podcasts"> Podcasts </a> <div class="dropdown-menu" aria-labelledby="headerMenu85"> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/business-of-tech" class="dropdown-link"> Business of Tech </a> </div> <div class="dropdown-overlay"></div> </div> </li> <li class="nav-item " style="border-color: #D20000"> <a class="nav-link " id="headerMenu11" href="https://businessdesk.co.nz/opinion"> Opinion </a> </li> <li class="nav-item " style="border-color: #EC7016"> <a class="nav-link " id="headerMenu47" href="https://businessdesk.co.nz/on-the-money"> On the Money </a> </li> <li class="nav-item dropdown " style="border-color: #EC7016"> <a class="nav-link dropdown-toggle " id="headerMenu99" href="https://businessdesk.co.nz/business"> Business </a> <div class="dropdown-menu" aria-labelledby="headerMenu99"> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/best-of-bd" class="dropdown-link"> Best of BD </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/best-of-bd-2023" class="dropdown-link"> Best of BD 2023 </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/energy" class="dropdown-link"> Energy </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/ethical-business" class="dropdown-link"> Ethical Business </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/forward-planning-2024" class="dropdown-link"> Forward Planning 2024 </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/infrastructure" class="dropdown-link"> Infrastructure </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/law-regulation" class="dropdown-link"> Law & Regulation </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/media" class="dropdown-link"> Media </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/not-for-profit" class="dropdown-link"> Not For Profit </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/on-the-money" class="dropdown-link"> On the Money </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/primary-sector" class="dropdown-link"> Primary Sector </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/retail" class="dropdown-link"> Retail </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/self-promotion" class="dropdown-link"> Self promotion </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/services" class="dropdown-link"> Services </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/sport" class="dropdown-link"> Sport </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/tourism" class="dropdown-link"> Tourism </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/transport" class="dropdown-link"> Transport </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/us-election-2024" class="dropdown-link"> US Election 2024 </a> </div> <div class="dropdown-overlay"></div> </div> </li> <li class="nav-item dropdown " style="border-color: #079C54"> <a class="nav-link dropdown-toggle " id="headerMenu4" href="https://businessdesk.co.nz/economy"> Economy </a> <div class="dropdown-menu" aria-labelledby="headerMenu4"> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/budget-2024" class="dropdown-link"> Budget 2024 </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/climate-change" class="dropdown-link"> Climate change </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/climate-policy" class="dropdown-link"> Climate Policy </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/coronavirus" class="dropdown-link"> Coronavirus </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/environment" class="dropdown-link"> Environment </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/immigration" class="dropdown-link"> Immigration </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/maori-economy" class="dropdown-link"> Māori Economy </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/trade" class="dropdown-link"> Trade </a> </div> <div class="dropdown-overlay"></div> </div> </li> <li class="nav-item dropdown " style="border-color: #079C54"> <a class="nav-link dropdown-toggle " id="headerMenu1" href="https://businessdesk.co.nz/finance"> Finance </a> <div class="dropdown-menu" aria-labelledby="headerMenu1"> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/sustainable-finance" class="dropdown-link"> Sustainable Finance </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/turning-the-tap" class="dropdown-link"> Turning the Tap </a> </div> <div class="dropdown-overlay"></div> </div> </li> <li class="nav-item " style="border-color: #EC7016"> <a class="nav-link " id="headerMenu2" href="https://businessdesk.co.nz/primary-sector"> Primary Sector </a> </li> <li class="nav-item " style="border-color: #EC7016"> <a class="nav-link " id="headerMenu6" href="https://businessdesk.co.nz/infrastructure"> Infrastructure </a> </li> <li class="nav-item dropdown " style="border-color: #EC9C01"> <a class="nav-link dropdown-toggle " id="headerMenu87" href="https://businessdesk.co.nz/investments"> Investments </a> <div class="dropdown-menu" aria-labelledby="headerMenu87"> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/kiwisaver" class="dropdown-link"> KiwiSaver </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/money" class="dropdown-link"> Money </a> </div> <div class="dropdown-overlay"></div> </div> </li> <li class="nav-item " style="border-color: #B6744F"> <a class="nav-link " id="headerMenu94" href="https://businessdesk.co.nz/public-sector"> Public sector </a> </li> <li class="nav-item dropdown " style="border-color: #794BDA"> <a class="nav-link dropdown-toggle " id="headerMenu43" href="https://businessdesk.co.nz/technology"> Technology </a> <div class="dropdown-menu" aria-labelledby="headerMenu43"> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/cryptocurrency" class="dropdown-link"> Cryptocurrency </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/startups" class="dropdown-link"> Startups </a> </div> <div class="dropdown-overlay"></div> </div> </li> <li class="nav-item " style="border-color: #EC7016"> <a class="nav-link " id="headerMenu53" href="https://businessdesk.co.nz/energy"> Energy </a> </li> <li class="nav-item " style="border-color: #EF496F"> <a class="nav-link " id="headerMenu7" href="https://businessdesk.co.nz/property"> Property </a> </li> <li class="nav-item dropdown " style="border-color: #11B1BB"> <a class="nav-link dropdown-toggle " id="headerMenu21" href="https://businessdesk.co.nz/the-life"> The Life </a> <div class="dropdown-menu" aria-labelledby="headerMenu21"> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/art" class="dropdown-link"> Art </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/cars" class="dropdown-link"> Cars </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/e-bikes" class="dropdown-link"> E-Bikes </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/good-food" class="dropdown-link"> Good Food </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/luxury-lodges" class="dropdown-link"> Luxury Lodges </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/my-net-worth" class="dropdown-link"> My Net Worth </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/travel" class="dropdown-link"> Travel </a> </div> <div class="dropdown-item">  <a href="https://businessdesk.co.nz/wine" class="dropdown-link"> Wine </a> </div> <div class="dropdown-overlay"></div> </div> </li> <li class="nav-item " style="border-color: #1e1e1e"> <a class="nav-link " id="headerMenu79" href="https://businessdesk.co.nz/the-quiz"> The Quiz </a> </li> </ul> </nav> </div> </section>  <main class="bg-white"> <div class="bg-cool-grey-half"> <div class="container"> <div class="ad-slot-wrapper"> <div id='leaderboard1' class="dfpad my-4" data-adsize="[[970,250],[728,90]]" data-adunit="leaderboard"></div> </div> </div> </div> <vue-script-component script='<script type="application/ld+json"> { "@context": "https://schema.org", "@type": "WebSite", "url": "https://businessdesk.co.nz", "potentialAction": { "@type": "SearchAction", "target": "https://businessdesk.co.nz/search?q={search_term_string}", "query-input": "required name=search_term_string" } } </script> '></vue-script-component> <section class="market-bar"> <div class="container-fluid container-xxl"> <div class="row market-row pt-3"> <div class="col col-md-4 col-lg-3 col-xl-2 nzx-index"> <nzx50></nzx50> </div> <div class="col col-md-4 col-lg-3 col-xl-2 asx-index"> <asx200></asx200> </div> <div class="col col-md-4 col-lg-2 col-xl-2 flex-grow-0"> <div class="h-100 d-flex align-items-center"> <div class="full-details mt-1 mr-2 d-none d-md-block"> <a class="text-decoration-none d-flex" href="/markets"> <div class="m-0">See full<br>details</div> <img src="/images/icons/chevron-right-sm.svg" alt/> </a> </div> <div class="sharesies"> <a href="https://www.sharesies.nz" target="_blank"> <img class="d-none d-md-block" src="/images/sponsor-sharesies.svg" alt/> <img class="d-block d-md-none" src="/images/sponsor-sharesies-mini.svg" alt/> </a> </div> </div> </div> <div class="col-lg-4 col-xl-6 d-none d-lg-flex justify-content-end"> <div class="subscribe-now d-flex"> <div class="text mr-4"> <strong>Subscribe now</strong> for expert journalism and opinion.<br> <a class="text-brand-black" href="/register/team-member">Does your employer have a team account? Find out.</a> </div> <a href="/why-you-should-subscribe-to-BusinessDesk" class="btn text-dark white-button mr-2">Learn More</a> <a href="/register" class="btn red-button text-white">Subscribe</a> </div> </div> </div> <hr class="border-hard"/> </div> </section> <section class="top-news"> <div class="container-fluid container-xxl"> <div class="row gutter-big"> <div class="col-12 col-lg-remain col-border-right"> <div class="row news-row"> <div class="col-12"> <div class="card news-card news-first line-bottom"> <div class="card-body"> <div class="row"> <div class="col-xl-8 order-xl-2"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/Synlait-tankers-Dunsandel-2-5.webp" loading="eager" alt="What's behind Synlait's rapid share price rise?" /> </div> <div class="col-xl-4 card-content mt-3"> <strong class="news-category mb-2 mx-1"> <a href="https://businessdesk.co.nz/primary-sector" style="color:#EC7016"> Primary Sector </a> </strong> <h1 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/primary-sector/synlaits-share-price-has-been-rocketing-and-has-now-breached-1-why"> What's behind Synlait's rapid share price rise? </a> </h1> <p class="card-text"> Synlait's share price has been rocketing and has now breached $1. Why? </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 11:45am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/primary-sector/synlaits-share-price-has-been-rocketing-and-has-now-breached-1-why"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-border-right"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Heartland-Qq.webp" class="card-img-top mb-3" loading="lazy" alt="Heartland declares $49.6m impairment in NZ business"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/finance" style="color:#079C54"> Finance </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/finance/heartland-group-shares-drop-12-after-company-declares-496m-impairment-in-nz-unit"> Heartland declares $49.6m impairment in NZ business </a> </h4> <p class="card-text "> Heartland Group shares fell 12% in early trading. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/gregor-thompson" class="author"> <strong>Gregor Thompson</strong> </a> <span class="news-date px-2"> 11:45am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/finance/heartland-group-shares-drop-12-after-company-declares-496m-impairment-in-nz-unit"></span> </div> </div> </div> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Simon-Watts-nzme-s.webp" class="card-img-top mb-3" loading="lazy" alt="Watts waves regulatory stick at electricity sector"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/energy" style="color:#EC7016"> Energy </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/energy/watts-waves-unspecified-regulatory-stick-at-electricity-sector"> Watts waves regulatory stick at electricity sector </a> </h4> <p class="card-text "> After a flurry of announcements over energy security, Watts wants more. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/ian-llewellyn" class="author"> <strong>Ian Llewellyn</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/energy/watts-waves-unspecified-regulatory-stick-at-electricity-sector"></span> </div> </div> </div> </div> <div class="col-md-4 col-border-right"> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/markets" style="color:#EF496F"> Markets </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/markets/two-sky-boxes-no-sky-why-some-sky-customers-could-walk"> Two Sky boxes and no Sky coverage </a> </h4> <p class="card-text "> Pay TV operator's bottom line could be hit by satellite issues, analyst says. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 9:25am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/markets/two-sky-boxes-no-sky-why-some-sky-customers-could-walk"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/Sophie-Moloney-Sky-TV-Ex-NZME-L.webp" loading="lazy" alt="Two Sky boxes and no Sky coverage"/> </div> </div> </div> </div> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/economy" style="color:#079C54"> Economy </a> </strong> <h4 class="card-title mb-2 mobile-long-title "> <a href="https://businessdesk.co.nz/article/economy/rate-cut-expected-nz-dollars-direction-hinges-on-rbnz-forecasts"> NZ dollar's direction hinges on RBNZ forecasts </a> </h4> <p class="card-text mobile-d-none "> If the RBNZ doesn't cut by 50bps, it will be a massive surprise. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-howard" class="author"> <strong>Rebecca Howard</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/economy/rate-cut-expected-nz-dollars-direction-hinges-on-rbnz-forecasts"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/nz-dollar-money-kiwi-Q.webp" loading="lazy" alt="NZ dollar's direction hinges on RBNZ forecasts"/> </div> </div> </div> </div> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/property" style="color:#EF496F"> Property </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/property/du-vals-clarke-detained-and-released-after-altercation-outside-home"> Du Val's Clarke detained and released </a> </h4> <p class="card-text "> Clarke says he challenged someone taking photos outside his home. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/garth-bray" class="author"> <strong>Garth Bray</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/property/du-vals-clarke-detained-and-released-after-altercation-outside-home"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/du-val-reddit.webp" loading="lazy" alt="Du Val's Clarke detained and released"/> </div> </div> </div> </div> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/infrastructure" style="color:#EC7016"> Infrastructure </a> </strong> <h4 class="card-title mb-2 mobile-long-title "> <a href="https://businessdesk.co.nz/article/infrastructure/developers-nervous-as-infrastructure-fund-changes-management"> Slow start for $1b infrastructure accelerator fund </a> </h4> <p class="card-text mobile-d-none "> Kāinga Ora will hand over administration of a $1b fund with most of it unspent. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/garth-bray" class="author"> <strong>Garth Bray</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/infrastructure/developers-nervous-as-infrastructure-fund-changes-management"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/Kaikoura-West-Dev.webp" loading="lazy" alt="Slow start for $1b infrastructure accelerator fund"/> </div> </div> </div> </div> </div> <div class="col-md-4"> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/infrastructure" style="color:#EC7016"> Infrastructure </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/infrastructure/manukau-harbour-port-study-derided-by-winston-peters-cost-2m"> Manukau Harbour port study cost $2m </a> </h4> <p class="card-text "> Can we put a port in the Manukau? Who knows, the study still isn't public. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/oliver-lewis" class="author"> <strong>Oliver Lewis</strong> </a> <span class="news-date px-2"> 10:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/infrastructure/manukau-harbour-port-study-derided-by-winston-peters-cost-2m"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/Manukau-Harbour.webp" loading="lazy" alt="Manukau Harbour port study cost $2m"/> </div> </div> </div> </div> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/economy" style="color:#079C54"> Economy </a> </strong> <h4 class="card-title mb-2 mobile-long-title "> <a href="https://businessdesk.co.nz/article/economy/blame-poor-regulation-not-banks-for-lack-of-competition-experts-say"> Banking inquiry must address regulatory governance </a> </h4> <p class="card-text mobile-d-none "> Regulatory governance to blame for uncompetitive bank sector, experts say. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/john-anthony" class="author"> <strong>John Anthony</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/economy/blame-poor-regulation-not-banks-for-lack-of-competition-experts-say"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/reserve-bank-rbnz-nzme-ak.webp" loading="lazy" alt="Banking inquiry must address regulatory governance"/> </div> </div> </div> </div> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/environment" style="color:#079C54"> Environment </a> </strong> <h4 class="card-title mb-2 mobile-long-title "> <a href="https://businessdesk.co.nz/article/environment/the-hydro-alternative-to-governments-80m-mining-cleanup-bill"> The hydro alternative to Govt's mining cleanup bill </a> </h4> <p class="card-text mobile-d-none "> Hydro Developments has existing consents for a hydro scheme on the Stockton Plateau. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/greg-hurrell" class="author"> <strong>Greg Hurrell</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/environment/the-hydro-alternative-to-governments-80m-mining-cleanup-bill"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/Aerial-view-Google-Earths-2023.webp" loading="lazy" alt="The hydro alternative to Govt's mining cleanup bill"/> </div> </div> </div> </div> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/policy" style="color:#B6744F"> Policy </a> </strong> <h4 class="card-title mb-2 mobile-long-title "> <a href="https://businessdesk.co.nz/article/policy/mark-dunphys-greymouth-petroleum-comes-out-swinging"> Mark Dunphy's Greymouth Petroleum comes out swinging </a> </h4> <p class="card-text mobile-d-none "> Malaysian oil company Tamarind should be "exited from NZ". </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/pattrick-smellie" class="author"> <strong>Pattrick Smellie</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/policy/mark-dunphys-greymouth-petroleum-comes-out-swinging"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/greymouth-rig-supplied-smaller-M.webp" loading="lazy" alt="Mark Dunphy's Greymouth Petroleum comes out swinging"/> </div> </div> </div> </div> </div> </div> <a href="/register" class="btn btn-red d-flex align-items-center text-center mt-4"> <span class="flex-1"> Subscribe to BusinessDesk and receive full complimentary access to The Wall Street Journal. Activate now </span> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#FFFFFF" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </a> <hr class="border-hard"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/editors-picks">Editor's Picks</a> </h4> <div class="row news-row"> <div class="col-md-8"> <div class="card news-card news-wide"> <div class="card-body"> <div class="row"> <div class="col-sm-4 mb-3 mb-md-0"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/david-bortolussi-atm-a2-milk.webp" loading="lazy" alt="The influential Chinese reviewer testing a2 Milk"/> </div> <div class="col-sm-8 card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/primary-sector" style="color:#EC7016"> Primary Sector </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/primary-sector/whos-your-daddy-a2-enlists-influential-product-reviewer-daddylab-for-china-push"> The influential Chinese reviewer testing a2 Milk </a> </h2> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/primary-sector/whos-your-daddy-a2-enlists-influential-product-reviewer-daddylab-for-china-push"></span> </div> </div> </div> </div> </div> <div class="card news-card news-wide"> <div class="card-body"> <div class="row"> <div class="col-sm-4 mb-3 mb-md-0"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/image-32-g.webp" loading="lazy" alt="Five NZ stocks to watch this week"/> </div> <div class="col-sm-8 card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/primary-sector" style="color:#EC7016"> Primary Sector </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/primary-sector/big-week-for-nz-stocks-five-to-watch-as-the-nzx-reports"> Five NZ stocks to watch this week </a> </h2> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/primary-sector/big-week-for-nz-stocks-five-to-watch-as-the-nzx-reports"></span> </div> </div> </div> </div> </div> <div class="card news-card news-wide"> <div class="card-body"> <div class="row"> <div class="col-sm-4 mb-3 mb-md-0"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/pukaki-8.webp" loading="lazy" alt="Gentailers' earnings: Don't look back in anger"/> </div> <div class="col-sm-8 card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/markets" style="color:#EF496F"> Markets </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/markets/gentailers-earnings-dont-look-back-in-anger"> Gentailers' earnings: Don't look back in anger </a> </h2> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/ian-llewellyn" class="author"> <strong>Ian Llewellyn</strong> </a> <span class="news-date px-2"> 14 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/markets/gentailers-earnings-dont-look-back-in-anger"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-border-left"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/jadelake.webp" class="card-img-top mb-3" loading="lazy" alt="Contractor accused of evading construction debts"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/finance" style="color:#079C54"> Finance </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/finance/queenstown-contractor-accused-of-evading-construction-debts"> Contractor accused of evading construction debts </a> </h4> <p class="card-text "> TCL's liquidation hearing will occur Thursday in the High Court at Invercargill. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/gregor-thompson" class="author"> <strong>Gregor Thompson</strong> </a> <span class="news-date px-2"> 13 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/finance/queenstown-contractor-accused-of-evading-construction-debts"></span> </div> </div> </div> </div> </div> </div> <div class="col-12 col-lg-300"> <div class="row"> <div class="col-md-6 col-lg-12"> <div class="today-in-brief my-4 mt-lg-0 mx-n3 mx-md-0"> <h5 class="title">News in Brief</h5> <hr class="border-soft"/> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/article/markets/genesis-to-develop-110m-solar-farm-near-christchurch"> Genesis to develop $110m solar farm near Christchurch </a> <div class="author"> Staff reporters <span class="time pl-2"> 11:00am </span> </div> </div> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/article/law-regulation/supreme-court-to-hear-uber-driver-employment-case"> Supreme Court to hear Uber driver case </a> <div class="author"> Gregor Thompson <span class="time pl-2"> 17 Feb </span> </div> </div> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/article/economy/new-stats-reveal-age-of-nzers-leaving-the-country"> New stats reveal age of NZers leaving the country </a> <div class="author"> Staff reporters <span class="time pl-2"> 17 Feb </span> </div> </div> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/article/markets/a2-milk-first-half-net-profit-up-76-sets-85c-dividend"> a2 Milk first half net profit up 7.6%, sets 8.5c dividend </a> <div class="author"> Staff reporters <span class="time pl-2"> 17 Feb </span> </div> </div> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/article/primary-sector/bremworth-to-assess-potential-offers-for-the-business"> Bremworth to assess potential offers for the business </a> <div class="author"> Rebecca Howard <span class="time pl-2"> 17 Feb </span> </div> </div> <div class="mt-4"> <a href="/news" class="black-button text-decoration-none text-white"> <span class="">See all news</span> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#FFFFFF" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </a> </div> </div> </div> <div class="col-md-6 col-lg-12">  <div class="ad-slot-wrapper mb-4"> <div id='ad_rectangle1' class="dfpad" data-adsize="[[300,600],[300,250]]" data-adunit="rectangle"></div> </div> </div> <div class="col-md-6 col-lg-12"> <div class="today-in-brief my-4 mt-lg-0 mx-n3 mx-md-0"> <h5 class="title">AI generated NZX Stories</h5> <hr class="border-soft"/> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/markets/announcements-generated-by-ai/chris-dorn-named-head-of-corporate-finance-at-irg"> Chris Dorn named head of corporate finance at IRG </a> <div class="author"> <a href="/company/general-capital" class="inter-regular text-black font-bold"> General Capital </a> <span class="time pl-2"> 11:54am </span> </div> </div> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/markets/announcements-generated-by-ai/heartland-bank-reports-major-impairment-expense-hike"> Heartland Bank reports major impairment expense hike </a> <div class="author"> <a href="/company/heartland-group-holdings" class="inter-regular text-black font-bold"> Heartland Group Holdings </a> <span class="time pl-2"> 8:47am </span> </div> </div> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/markets/announcements-generated-by-ai/turners-automotive-raises-2025-profit-forecast"> Turners Automotive raises 2025 profit forecast </a> <div class="author"> <a href="/company/turners-automotive-group" class="inter-regular text-black font-bold"> Turners Automotive Group </a> <span class="time pl-2"> 8:30am </span> </div> </div> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/markets/announcements-generated-by-ai/infratil-and-future-fund-acquire-cdc-stake"> Infratil and Future Fund acquire CDC stake </a> <div class="author"> <a href="/company/infratil" class="inter-regular text-black font-bold"> Infratil </a> <span class="time pl-2"> 8:30am </span> </div> </div> <div class="list-item"> <a class="link text-brand-black" href="https://businessdesk.co.nz/markets/announcements-generated-by-ai/mike-higgins-named-interim-ceo-of-foley-wines"> Mike Higgins named interim CEO of Foley Wines </a> <div class="author"> <a href="/company/foley-wines" class="inter-regular text-black font-bold"> Foley Wines </a> <span class="time pl-2"> 17 Feb </span> </div> </div> <div class="mt-4"> <a href="https://businessdesk.co.nz/markets/announcements-generated-by-ai" class="black-button text-decoration-none text-white"> <span class="">See all AI Stories</span> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#FFFFFF" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </a> </div> </div> </div> <div class="col-md-6 col-lg-12"> </div> </div> </div> </div> </div> </section> <section class="promo mb-4"> <div class="container-fluid container-xxl"> <hr class="border-hard"/> <div class="row"> <div class="col-2" bis_skin_checked="1"> <img src="https://media.businessdesk.co.nz/file/w_200,h_200,q_100,c_fit/businessoftech.webp" class="img-fluid" alt> </div> <div class="col" bis_skin_checked="1"> <div class="multimedia_promo-content" bis_skin_checked="1"> <strong class="multimedia_promo-category mb-2">Technology</strong> <h4 class="multimedia_promo-title mb-2"> <a href="https://www.iheart.com/podcast/1049-the-business-of-tech-114330718/" target="_blank"> Business of Tech </a> </h4> <div class="multimedia_promo-text"> <div>Hosted by leading tech journalist Peter Griffin and technology editor Ben Moore. Every week they take a deep dive into emerging technology and news from the sector to help guide the important decisions all business leaders make.</div> </div> <div class="news-author mt-2"> <strong>Peter Griffin and Ben Moore</strong> </div> </div> </div> <div class="col-12 col-md-6 promo-context"> <iframe allow="autoplay" width="100%" height="165" src="https://www.iheart.com/podcast/1049-the-business-of-tech-114330718/?embed=true" frameborder="0"></iframe> </div> </div> </div> </section> <div class="ad-slot-wrapper bg-cool-grey-half"> <div id='leaderboard2' class="dfpad my-4" data-adsize="[[970,250],[728,90]]" data-adunit="leaderboard"></div> </div> <section class="middle-news"> <div class="container-fluid container-xxl"> <div class="row gutter-big py-4"> <div class="col-12 col-lg-remain col-line-right"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/opinion">Opinion</a> </h4> <div class="row news-row"> <div class="col-12"> <div class="card news-card news-first line-bottom"> <div class="card-body"> <div class="row"> <div class="col-xl-8 order-xl-2"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/horse-race-NZME-t.webp" loading="eager" alt="Animal spirits are back in fashion in NZ" /> </div> <div class="col-xl-4 card-content mt-3"> <strong class="news-category mb-2 mx-1"> <a href="https://businessdesk.co.nz/politics" style="color:#445DD4"> Politics </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/journalist/dileepa-fonseka" class="text-new-red"> Dileepa Fonseka: </a> <a href="https://businessdesk.co.nz/article/opinion/animal-spirits-are-back-in-fashion-in-nz"> Animal spirits are back in fashion in NZ </a> </h2> <p class="card-text"> Complaints that NZ is just too comfortable are back in vogue. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/dileepa-fonseka" class="author"> <strong>Dileepa Fonseka</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/opinion/animal-spirits-are-back-in-fashion-in-nz"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-border-right"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/NZMediaCouncil.webp" class="card-img-top mb-3" loading="lazy" alt="NZ Media Council upholds complaint"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/property" style="color:#EF496F"> Property </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/journalist/staff-reporters" class="text-new-red"> Staff reporters: </a> <a href="https://businessdesk.co.nz/article/property/nz-media-council-upholds-complaint-about-the-details-in-an-article-on-the-increase-of-liquidation-advertisements-and-citadel-capital-ltd"> NZ Media Council upholds complaint </a> </h4> <p class="card-text "> MC found significant error in an article about companies delaying liquidation proceedings </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/staff-reporters" class="author"> <strong>Staff reporters</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/property/nz-media-council-upholds-complaint-about-the-details-in-an-article-on-the-increase-of-liquidation-advertisements-and-citadel-capital-ltd"></span> </div> </div> </div> </div> <div class="col-md-4 col-border-right"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Trump-flag-maga-getty-1.webp" class="card-img-top mb-3" loading="lazy" alt="One good Trump idea we should steal"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/politics" style="color:#445DD4"> Politics </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/journalist/simon-robertson" class="text-new-red"> Simon Robertson: </a> <a href="https://businessdesk.co.nz/article/opinion/one-good-trump-idea-we-should-steal"> One good Trump idea we should steal </a> </h4> <p class="card-text "> A sovereign wealth fund for NZ? </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/simon-robertson" class="author"> <strong>Simon Robertson</strong> </a> <span class="news-date px-2"> 15 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/opinion/one-good-trump-idea-we-should-steal"></span> </div> </div> </div> </div> <div class="col-md-4"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/jd-vance-getty.webp" class="card-img-top mb-3" loading="lazy" alt="AI guardrails schism – where should NZ stand?"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/technology" style="color:#794BDA"> Technology </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/journalist/peter-griffin" class="text-new-red"> Peter Griffin: </a> <a href="https://businessdesk.co.nz/article/opinion/the-ai-guardrails-schism-where-should-nz-stand"> AI guardrails schism – where should NZ stand? </a> </h4> <p class="card-text "> NZ is pursuing a ‘light-touch, proportionate, and risk-based’ approach to regulating AI. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/peter-griffin" class="author"> <strong>Peter Griffin</strong> </a> <span class="news-date px-2"> 13 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/opinion/the-ai-guardrails-schism-where-should-nz-stand"></span> </div> </div> </div> </div> </div> <hr class="border-hard"/> <h4 class="section-title mb-4"> <a href="/world"> <img class="img-fluid" src="/images/the-wall-street-journal.png" alt="" loading="eager"> </a> </h4> <div class="row news-row"> <div class="col-md-8 order-1"> <div class="card news-card news-wide"> <div class="card-body"> <div class="row"> <div class="col-sm-4 mb-3 mb-md-0"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Wall-Street-3.webp" loading="lazy" alt="Big banks scrubbing public mentions of DEI"/> </div> <div class="col-sm-8 card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/finance" style="color:#079C54"> Finance </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/finance/big-banks-are-scrubbing-their-public-mentions-of-diversity-efforts"> Big banks scrubbing public mentions of DEI </a> </h2> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/the-wall-street-journal" class="author"> <strong>The Wall Street Journal</strong> </a> <span class="news-date px-2"> 10:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/finance/big-banks-are-scrubbing-their-public-mentions-of-diversity-efforts"></span> </div> </div> </div> </div> </div> <div class="card news-card news-wide"> <div class="card-body"> <div class="row"> <div class="col-sm-4 mb-3 mb-md-0"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Scrabble-Richards-with-opponent.webp" loading="lazy" alt="Scrabble’s Kiwi GOAT wins even in languages he can’t speak"/> </div> <div class="col-sm-8 card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/world" style="color:#058BD7"> World </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/world/scrabbles-kiwi-goat-wins-even-in-languages-he-cant-speak"> Scrabble’s Kiwi GOAT wins even in languages he can’t speak </a> </h2> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/the-wall-street-journal" class="author"> <strong>The Wall Street Journal</strong> </a> <span class="news-date px-2"> 16 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/world/scrabbles-kiwi-goat-wins-even-in-languages-he-cant-speak"></span> </div> </div> </div> </div> </div> <div class="card news-card news-wide"> <div class="card-body"> <div class="row"> <div class="col-sm-4 mb-3 mb-md-0"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/LA-Hero-shot-Ex-EagleView.webp" loading="lazy" alt="Sore spot in LA’s housing crisis: vacant foreign-owned homes"/> </div> <div class="col-sm-8 card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/property" style="color:#EF496F"> Property </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/property/a-sore-spot-in-las-housing-crisis-foreign-owned-homes-sit-empty"> Sore spot in LA’s housing crisis: vacant foreign-owned homes </a> </h2> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/the-wall-street-journal" class="author"> <strong>The Wall Street Journal</strong> </a> <span class="news-date px-2"> 15 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/property/a-sore-spot-in-las-housing-crisis-foreign-owned-homes-sit-empty"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 order-2 col-border-left"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/India-traffic-GettyImages-869241028.webp" class="card-img-top mb-3" loading="lazy" alt="India has a caste system – for toff drivers and 'rich brats'"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/world" style="color:#058BD7"> World </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/world/india-has-a-caste-system-for-toff-drivers-and-rich-brats"> India has a caste system – for toff drivers and 'rich brats' </a> </h4> <p class="card-text "> Lawyers, journos, bureaucrats act like they're entitled to special treatment. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/the-wall-street-journal" class="author"> <strong>The Wall Street Journal</strong> </a> <span class="news-date px-2"> 15 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/world/india-has-a-caste-system-for-toff-drivers-and-rich-brats"></span> </div> </div> </div> </div> </div> <a href="/register" class="btn btn-red d-flex align-items-center text-center mt-4"> <span class="flex-1"> Subscribe to BusinessDesk and receive full complimentary access to The Wall Street Journal. Activate now </span> <svg width="24" height="24" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M10 8L14 12L10 16" stroke="#FFFFFF" stroke-width="1.5" stroke-linecap="round" stroke-linejoin="round"/> </svg> </a> <hr class="border-hard"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/business-advice">Business Advice</a> </h4> <div class="row news-row"> <div class="col-md-4 col-border-right "> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Wayne-Boyd-NZME.webp" class="card-img-top mb-3" loading="lazy" alt="The invisible chair: Wayne Boyd"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/finance" style="color:#079C54"> Finance </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/finance/the-invisible-chair-wayne-boyd-on-a-life-in-governance"> The invisible chair: Wayne Boyd </a> </h4> <p class="card-text "> One of NZ's best, lowest-profile directors reflects on a career in governance. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/pattrick-smellie" class="author"> <strong>Pattrick Smellie</strong> </a> <span class="news-date px-2"> 03 Dec 2024 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/finance/the-invisible-chair-wayne-boyd-on-a-life-in-governance"></span> </div> </div> </div> </div> <div class="col-md-4 col-border-right "> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Mental-health-123rf.webp" class="card-img-top mb-3" loading="lazy" alt="Important consultation on managing psychosocial risks at work"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/law-regulation" style="color:#EC7016"> Law & Regulation </a> </strong> <h4 class="card-title mb-2 long-title "> <a href="https://businessdesk.co.nz/journalist/bronwyn-heenan" class="text-new-red"> Bronwyn Heenan: </a> <a href="https://businessdesk.co.nz/article/law-regulation/important-consultation-on-managing-psychosocial-risks-at-work"> Important consultation on managing psychosocial risks at work </a> </h4> <p class="card-text d-none "> Have your say on important mental health legislation. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/bronwyn-heenan" class="author"> <strong>Bronwyn Heenan</strong> </a> <span class="news-date px-2"> 22 Nov 2024 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/law-regulation/important-consultation-on-managing-psychosocial-risks-at-work"></span> </div> </div> </div> </div> <div class="col-md-4 "> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/recruitment-getty.webp" class="card-img-top mb-3" loading="lazy" alt="Getting recruitment right"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/law-regulation" style="color:#EC7016"> Law & Regulation </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/journalist/rachael-judge" class="text-new-red"> Rachael Judge: </a> <a href="https://businessdesk.co.nz/article/law-regulation/getting-recruitment-right-power-balance-shifts-back-to-employers"> Getting recruitment right </a> </h4> <p class="card-text "> An element of luck is always involved in recruitment processes. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rachael-judge" class="author"> <strong>Rachael Judge</strong> </a> <span class="news-date px-2"> 25 Oct 2024 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/law-regulation/getting-recruitment-right-power-balance-shifts-back-to-employers"></span> </div> </div> </div> </div> </div> <hr class="border-light my-4"/> <div class="row news-row"> <div class="col-md-4 col-border-right "> <div class="card news-card sponsored"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a class="text-new-red" href="/sponsored"> Sponsored </a> </strong> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/sponsored/study-nzs-top-mba-on-your-terms"> Study NZ’s top MBA – on your terms </a> </h4> <p class="card-text"> A world-class master's that fits around work and family life. </p> <div class="news-author mt-2"> <span class="author"> <strong>University of Aukland Business School</strong> </span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-border-right "> <div class="card news-card sponsored"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a class="text-new-red" href="/sponsored"> Sponsored </a> </strong> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/sponsored/investing-in-us-technology-navigating-a-high-speed-sector"> Investing in US technology: Navigating a high-speed sector </a> </h4> <p class="card-text"> A new exchange-traded fund gives Kiwis access to US tech giants. </p> <div class="news-author mt-2"> <span class="author"> <strong>Smart Invest</strong> </span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 "> <div class="card news-card sponsored"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a class="text-new-red" href="/sponsored"> Sponsored </a> </strong> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/sponsored/security-of-supply-marsden-point-isnt-the-issue-as-assurance-offered-for-liquid-fuel-supply"> Security of supply: Marsden Point isn’t the issue as assurance offered for liquid fuel supply </a> </h4> <p class="card-text"> How NZ will stay fuelled despite major global supply risks. </p> <div class="news-author mt-2"> <span class="author"> <strong>Z Energy</strong> </span> </div> </div> </div> </div> </div> </div> </div> <hr class="border-hard my-4"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/investigations">Investigations</a> </h4> <div class="row news-row"> <div class="col-md-4 col-border-right"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Kaikoura-West-Dev.webp" class="card-img-top mb-3" loading="lazy" alt="Slow start for $1b infrastructure accelerator fund"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/infrastructure" style="color:#EC7016"> Infrastructure </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/infrastructure/developers-nervous-as-infrastructure-fund-changes-management"> Slow start for $1b infrastructure accelerator fund </a> </h4> <p class="card-text "> Kāinga Ora will hand over administration of a $1b fund with most of it unspent. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/garth-bray" class="author"> <strong>Garth Bray</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/infrastructure/developers-nervous-as-infrastructure-fund-changes-management"></span> </div> </div> </div> </div> <div class="col-md-4 col-border-right"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/BIZDESK-SCHOOLLUNCHES-r.webp" class="card-img-top mb-3" loading="lazy" alt="Compass calls Pita Pit, pie shop to the rescue"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/health" style="color:#1e1e1e"> Health </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/health/compass-calls-pita-pit-pie-shop-to-the-rescue"> Compass calls Pita Pit, pie shop to the rescue </a> </h4> <p class="card-text "> Nutritionists are not impressed. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/cecile-meier" class="author"> <strong>Cécile Meier</strong> </a> <span class="news-date px-2"> 13 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/health/compass-calls-pita-pit-pie-shop-to-the-rescue"></span> </div> </div> </div> </div> <div class="col-md-4 "> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Screen-Shot-2025-02-12-at-3.42.14-PM.webp" class="card-img-top mb-3" loading="lazy" alt="Compass’ secret bonus $8.9m school lunch contract"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/editors-picks" style="color:#1e1e1e"> Editor's Picks </a> <span class="text-new-red ml-2">Exclusive</span> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/editors-picks/compass-secret-bonus-89m-school-lunch-contract"> Compass’ secret bonus $8.9m school lunch contract </a> </h4> <p class="card-text "> Compass is charging 84 cents extra for 43% of the school lunches it provides daily. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/cecile-meier" class="author"> <strong>Cécile Meier</strong> </a> <span class="news-date px-2"> 13 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/editors-picks/compass-secret-bonus-89m-school-lunch-contract"></span> </div> </div> </div> </div> </div> </div> <div class="col-12 col-lg-300"> <div class="row"> <div class="col-md-6 col-lg-12"> <div class="market-widget mb-4 mx-n3 mx-md-0"> <div class="market-header mb-4"> <ul class="nav nav-pills" id="marketTab" role="tablist"> <li class="nav-item mr-2" role="presentation"> <button class="nav-link active" id="nzx-tab-button" data-toggle="tab" data-target="#nzx-tab" type="button" role="tab" aria-controls="nzx-tab" aria-selected="true"> NZX </button> </li> <li class="nav-item" role="presentation"> <button class="nav-link " id="asx-tab-button" data-toggle="tab" data-target="#asx-tab" type="button" role="tab" aria-controls="asx-tab" aria-selected="false"> ASX </button> </li> </ul> <div class="ml-auto"> <a href="/markets" class="all-markets"> <span class="text-brand-black">All Markets</span> <img src="https://businessdesk.co.nz/images/icons/chevron-right-sm.svg" alt/> </a> </div> </div> <div class="tab-content" id="marketTab-content"> <div class="tab-pane fade show active" id="nzx-tab" role="tabpanel" aria-labelledby="nzx-tab-button"> <h4 class="mt-4">Top Gainers</h4> <hr class="border-soft"/> <table class="market-table"> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/synlait">Synlait</a></td> <td class="price">$1.000</td> <td class="diff text-new-green"> 8.70% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/infratil">Infratil</a></td> <td class="price">$11.473</td> <td class="diff text-new-green"> 4.53% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/arborgen-holdings">ArborGen Holdings</a></td> <td class="price">$0.145</td> <td class="diff text-new-green"> 3.57% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/rakon">Rakon</a></td> <td class="price">$0.600</td> <td class="diff text-new-green"> 3.45% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/a2-milk-company">a2 Milk Company</a></td> <td class="price">$8.120</td> <td class="diff text-new-green"> 3.31% </td> </tr> </table> <h4 class="mt-4">Top Decliners</h4> <hr class="border-soft"/> <table class="market-table"> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/heartland-group-holdings">Heartland Group Holdings</a></td> <td class="price">$0.940</td> <td class="diff text-new-red"> -12.96% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/paysauce">PaySauce</a></td> <td class="price">$0.200</td> <td class="diff text-new-red"> -4.76% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/bremworth">Bremworth</a></td> <td class="price">$0.570</td> <td class="diff text-new-red"> -3.39% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/the-warehouse-group">The Warehouse Group</a></td> <td class="price">$1.010</td> <td class="diff text-new-red"> -2.88% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/napier-port-holdings">Napier Port Holdings</a></td> <td class="price">$2.690</td> <td class="diff text-new-red"> -2.18% </td> </tr> </table> </div> <div class="tab-pane fade" id="asx-tab" role="tabpanel" aria-labelledby="asx-tab-button"> <h4 class="mt-4">Top Gainers</h4> <hr class="border-soft"/> <table class="market-table"> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/synlait">Synlait</a></td> <td class="price">$0.900</td> <td class="diff text-new-green"> 7.19% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/infratil">Infratil</a></td> <td class="price">$10.380</td> <td class="diff text-new-green"> 4.97% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/a2-milk-company">a2 Milk Company</a></td> <td class="price">$7.330</td> <td class="diff text-new-green"> 2.81% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/ikegps-group">ikeGPS Group</a></td> <td class="price">$0.785</td> <td class="diff text-new-green"> 2.67% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/genesis">Genesis</a></td> <td class="price">$2.100</td> <td class="diff text-new-green"> 1.45% </td> </tr> </table> <h4 class="mt-4">Top Decliners</h4> <hr class="border-soft"/> <table class="market-table"> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/heartland-group-holdings">Heartland Group Holdings</a></td> <td class="price">$0.855</td> <td class="diff text-new-red"> -11.79% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/mercury">Mercury</a></td> <td class="price">$5.760</td> <td class="diff text-new-red"> -2.22% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/dgl-group">DGL Group</a></td> <td class="price">$0.540</td> <td class="diff text-new-red"> -0.93% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/neuren-pharmaceuticals-limited">NEUREN PHARMACEUTICALS LIMITED</a></td> <td class="price">$13.250</td> <td class="diff text-new-red"> -0.68% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="/company/ebos-group">EBOS Group</a></td> <td class="price">$37.700</td> <td class="diff text-new-red"> -0.61% </td> </tr> </table> </div> </div> </div>  <div class="ad-slot-wrapper mb-4"> <div id='ad_rectangle2' class="dfpad" data-adsize="[[300,600],[300,250]]" data-adunit="rectangle"></div> </div> </div> <div class="col-md-6 col-lg-12"> <div class="most-popular mb-4 mt-md-0 mx-n3 mx-md-0"> <h5 class="title">Most Popular</h5> <hr class="border-soft"/> <div class="list-item"> <div class="number"> 1 </div> <div class="text"> <a class="link" href="https://businessdesk.co.nz/article/property/on-the-hunt-for-du-val-founders-missing-jewellery"> On the hunt for Du Val founders’ ‘missing’ jewellery </a> <div class="author"> Maria Slade <span class="time pl-2"> 11:00am</span> </div> </div> </div> <div class="list-item"> <div class="number"> 2 </div> <div class="text"> <a class="link" href="https://businessdesk.co.nz/article/the-life/my-net-worth-vittoria-shortt-asb-ceo"> My Net Worth: Vittoria Shortt, ASB CEO </a> <div class="author"> Jacques Steenkamp <span class="time pl-2"> 11:00am</span> </div> </div> </div> <div class="list-item"> <div class="number"> 3 </div> <div class="text"> <a class="link" href="https://businessdesk.co.nz/article/property/du-vals-clarke-detained-and-released-after-altercation-outside-home"> Du Val's Clarke detained and released after altercation outside home </a> <div class="author"> Garth Bray <span class="time pl-2"> 11:00am</span> </div> </div> </div> <div class="list-item"> <div class="number"> 4 </div> <div class="text"> <a class="link" href="https://businessdesk.co.nz/article/editors-picks/compass-secret-bonus-89m-school-lunch-contract"> Compass’ secret bonus $8.9m school lunch contract </a> <div class="author"> Cécile Meier <span class="time pl-2"> 10:51am</span> </div> </div> </div> <div class="list-item"> <div class="number"> 5 </div> <div class="text"> <a class="link" href="https://businessdesk.co.nz/article/finance/previous-owner-wants-to-buy-back-airwork-holdings"> Previous owner wants to buy back Airwork Holdings </a> <div class="author"> Denise McNabb <span class="time pl-2"> 10:54am</span> </div> </div> </div> </div> <div class="market-widget mb-4 mx-n3 mx-md-0"> <div class="market-header mb-4"> <ul class="nav nav-pills"> <li class="nav-item mr-2" role="presentation"> <a href="/fundsource" class="nav-link active" id="nzx-tab-button" type="button"> FundSource </a> </li> </ul> <div class="ml-auto"> <a href="/fundsource/compare" class="all-markets"> <span class="text-brand-black">All KiwiSaver</span> <img src="https://businessdesk.co.nz/images/icons/chevron-right-sm.svg" alt/> </a> </div> </div> <div class="widget-content"> <h4 class="mt-4">Top KiwiSaver - past month</h4> <hr class="border-soft"/> <table class="market-table"> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="https://businessdesk.co.nz/fundsource/kiwisaver/superlife-us-mid-cap">SuperLife US Mid Cap</a></td> <td class="price">Equities</td> <td class="diff text-new-green"> 5.84% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="https://businessdesk.co.nz/fundsource/kiwisaver/pie-kiwisaver-balanced">Pie KiwiSaver Balanced</a></td> <td class="price">Balanced</td> <td class="diff text-new-green"> 3.10% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="https://businessdesk.co.nz/fundsource/kiwisaver/pie-kiwisaver-conservative">Pie KiwiSaver Conservative</a></td> <td class="price">Conservative</td> <td class="diff text-new-green"> 1.55% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="https://businessdesk.co.nz/fundsource/kiwisaver/bnz-kiwisaver-first-home-buyer">BNZ KiwiSaver First Home Buyer</a></td> <td class="price">Flexible</td> <td class="diff text-new-green"> 0.55% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="https://businessdesk.co.nz/fundsource/kiwisaver/fisher-lifesaver-preservation">Fisher LifeSaver Preservation</a></td> <td class="price">Defensive</td> <td class="diff text-new-green"> 0.73% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="https://businessdesk.co.nz/fundsource/kiwisaver/pie-kiwisaver-growth">Pie KiwiSaver Growth</a></td> <td class="price">Growth</td> <td class="diff text-new-green"> 3.88% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="https://businessdesk.co.nz/fundsource/kiwisaver/superlife-australian-property">SuperLife Australian Property</a></td> <td class="price">Property</td> <td class="diff text-new-green"> 4.24% </td> </tr> <tr class="market-line"> <td class="name"><a class="inter-regular text-black" href="https://businessdesk.co.nz/fundsource/kiwisaver/kernel-sp-global-clean-energy-fund-kiwisaver-acc">Kernel S&P Global Clean Energy fund KiwiSaver Acc</a></td> <td class="price">Alternative</td> <td class="diff text-new-green"> -1.79% </td> </tr> </table> </div> </div>  <div class="ad-slot-wrapper my-4"> <div id='ad_rectangle3' class="dfpad" data-adsize="[300,250]" data-adunit="rectangle"></div> </div> <div class="promo-card p-4 my-4 mt-lg-0"> <div class="promo-card-img"> <img src="https://media.businessdesk.co.nz/file/w_160,h_160,q_100,c_fit/shared-lunch2x-1.webp" alt="" class="img-fluid"/> </div> <h4 class="card-title promo-card-title mt-3">Shared Lunch</h4> <p class="card-text promo-card-text"> The podcast for market investors — a partnership with Sharesies </p> <div class="promo-card-button"> <a class="btn text-white black-button" href="https://www.iheart.com/podcast/269-shared-lunch-96051706/"> Listen now </a> </div> </div> </div> </div> </div> </div> </div> </section> <div class="ad-slot-wrapper bg-cool-grey-half"> <div class="container-fluid container-xxl"> <div class="mx-n4 my-3"> <iframe class="w-100 ad-iframe" src="https://www.oneroof.co.nz/premium-property4?carousel=86&utm_source=businessdesk&utm_medium=carousel&utm_campaign=commercial" height="336" scrolling="no" style="width:100%; height:336px !important; overflow:hidden;" title="OneRoof" loading="lazy"> </iframe> </div> </div> </div> <section class="bottom-news"> <div class="container-fluid container-xxl"> <div class="row gutter-big py-4"> <div class="col-12 col-lg-remain col-line-right"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/technology">Technology</a> <span class="sponsored-by ml-2 text-right">Sponsored by <a href='https://www.fortinet.com/'> <img class="ml-2" alt="" src="https://media.businessdesk.co.nz/file/c_fill,w_200,q_100,c_fit/Fortinet-Logo-Black-Red-k-new.png"/> </a> </span> </h4> <div class="row news-row"> <div class="col-md-8"> <div class="card news-card news-wide"> <div class="card-body"> <div class="row"> <div class="col-sm-4 mb-3 mb-md-0"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Header-E85-Rowan-Simpson-nzme.webp" loading="lazy" alt="Startups, being wrong, and near-death experiences"/> </div> <div class="col-sm-8 card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/business-of-tech" style="color:#FB9E00"> Business of Tech </a> <span class="text-new-red ml-2">Free</span> <span class="text-new-red ml-2">Business of Tech podcast</span> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/technology/startups-being-wrong-and-near-death-experiences"> Startups, being wrong, and near-death experiences </a> </h2> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/peter-griffin" class="author"> <strong>Peter Griffin</strong> </a> <span class="news-date px-2"> 16 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/technology/startups-being-wrong-and-near-death-experiences"></span> </div> </div> </div> </div> </div> <div class="card news-card news-wide"> <div class="card-body"> <div class="row"> <div class="col-sm-4 mb-3 mb-md-0"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Nick-Mowbray-Zuru-Supplied-x.webp" loading="lazy" alt="Toy entrepreneur quashes spec of NZME takeover"/> </div> <div class="col-sm-8 card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/finance" style="color:#079C54"> Finance </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/finance/toy-entrepreneur-quashes-spec-of-nzme-takeover"> Toy entrepreneur quashes spec of NZME takeover </a> </h2> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/victoria-young" class="author"> <strong>Victoria Young</strong> </a> <span class="news-date px-2"> 14 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/finance/toy-entrepreneur-quashes-spec-of-nzme-takeover"></span> </div> </div> </div> </div> </div> <div class="card news-card news-wide"> <div class="card-body"> <div class="row"> <div class="col-sm-4 mb-3 mb-md-0"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Scott-Morrison-Trump-BusinessDesk-IMG-7062.webp" loading="lazy" alt="ScoMo's Trump playbook for NZ"/> </div> <div class="col-sm-8 card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/politics" style="color:#445DD4"> Politics </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/politics/learning-from-mar-a-lago-scott-morrisons-trump-playbook-for-nz"> ScoMo's Trump playbook for NZ </a> </h2> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/dileepa-fonseka" class="author"> <strong>Dileepa Fonseka</strong> </a> <span class="news-date px-2"> 14 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/politics/learning-from-mar-a-lago-scott-morrisons-trump-playbook-for-nz"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-border-left"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Dave-Shoemack-Headshot-Goodnature.webp" class="card-img-top mb-3" loading="lazy" alt="Goodnature killing it globally with high-tech pest traps"/> <div class="card-body card-content"> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/technology/goodnature-killing-it-globally-with-high-tech-pest-traps"> Goodnature killing it globally with high-tech pest traps </a> </h4> <p class="card-text "> CEO says manufacturing devices in NZ has been a buffer against tariff concerns. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/ben-moore" class="author"> <strong>Ben Moore</strong> </a> <span class="news-date px-2"> 14 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/technology/goodnature-killing-it-globally-with-high-tech-pest-traps"></span> </div> </div> </div> </div> </div> <hr class="border-hard"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/investments">Investments</a> </h4> <div class="row news-row"> <div class="col-md-4 col-border-right"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/david-bortolussi-atm-a2-milk.webp" class="card-img-top mb-3" loading="lazy" alt="The influential Chinese reviewer testing a2 Milk"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/primary-sector" style="color:#EC7016"> Primary Sector </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/primary-sector/whos-your-daddy-a2-enlists-influential-product-reviewer-daddylab-for-china-push"> The influential Chinese reviewer testing a2 Milk </a> </h4> <p class="card-text "> 'Incredibly' influential consumer advocate visited A2 factories and farms in NZ. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/primary-sector/whos-your-daddy-a2-enlists-influential-product-reviewer-daddylab-for-china-push"></span> </div> </div> </div> </div> <div class="col-md-4 col-border-right"> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/primary-sector" style="color:#EC7016"> Primary Sector </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/primary-sector/big-week-for-nz-stocks-five-to-watch-as-the-nzx-reports"> Five NZ stocks to watch this week </a> </h4> <p class="card-text "> It's time to look under the hood at some of NZ's largest listed companies. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/primary-sector/big-week-for-nz-stocks-five-to-watch-as-the-nzx-reports"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/image-32-g.webp" loading="lazy" alt="Five NZ stocks to watch this week"/> </div> </div> </div> </div> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/opinion" style="color:#D20000"> Opinion </a> </strong> <h4 class="card-title mb-2 mobile-long-title "> <a href="https://businessdesk.co.nz/journalist/simon-robertson" class="text-new-red"> Simon Robertson: </a> <a href="https://businessdesk.co.nz/article/opinion/one-good-trump-idea-we-should-steal"> One good Trump idea we should steal </a> </h4> <p class="card-text mobile-d-none "> A sovereign wealth fund for NZ? </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/simon-robertson" class="author"> <strong>Simon Robertson</strong> </a> <span class="news-date px-2"> 15 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/opinion/one-good-trump-idea-we-should-steal"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/Trump-flag-maga-getty-1.webp" loading="lazy" alt="One good Trump idea we should steal"/> </div> </div> </div> </div> </div> <div class="col-md-4"> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/markets" style="color:#EF496F"> Markets </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/markets/its-not-a-pipe-dream-skellerup-ceo-graham-leaming-reveals-his-big-goal"> Skellerup CEO reveals seven-year goal </a> </h4> <p class="card-text "> Graham Leaming isn't just looking at where Skellerup is growing. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 13 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/markets/its-not-a-pipe-dream-skellerup-ceo-graham-leaming-reveals-his-big-goal"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/graham-leaming-ceo-skellerup.webp" loading="lazy" alt="Skellerup CEO reveals seven-year goal"/> </div> </div> </div> </div> <div class="card news-card news-small"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/world" style="color:#058BD7"> World </a> </strong> <h4 class="card-title mb-2 mobile-long-title "> <a href="https://businessdesk.co.nz/article/investments/the-magnificent-7-are-so-last-year-cash-cows-are-the-new-kings"> The Magnificent 7 are so last year; cash cows are the new kings </a> </h4> <p class="card-text mobile-d-none "> A twist on value has companies returning gobs of cash to shareholders. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/the-wall-street-journal" class="author"> <strong>The Wall Street Journal</strong> </a> <span class="news-date px-2"> 12 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/investments/the-magnificent-7-are-so-last-year-cash-cows-are-the-new-kings"></span> </div> </div> <div class="col-4 d-block d-md-none px-2 mt-4"> <img class="img-fluid" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/warren-buffett-getty-Q.webp" loading="lazy" alt="The Magnificent 7 are so last year; cash cows are the new kings"/> </div> </div> </div> </div> </div> </div> <hr class="border-hard"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/the-life">The Life</a> <span class="sponsored-by ml-2 text-right">Sponsored by <a href='https://skycityauckland.co.nz/whats-on/content/1352/7150'> <img class="ml-2" alt="" src="https://media.businessdesk.co.nz/file/c_fill,w_200,q_100,c_fit/0223-SC-GH-LogoLockups-Black-ALL.png"/> </a> </span> </h4> <div class="row news-row"> <div class="col-12"> <div class="card news-card news-first line-bottom"> <div class="card-body"> <div class="row"> <div class="col-xl-8 order-xl-2"> <img class="card-img" src="https://media.businessdesk.co.nz/file/c_fill,h_393,w_700,q_100/aston-martin-ev-supplied.webp" loading="eager" alt="Aston Martin knows many of its buyers still oppose EVs" /> </div> <div class="col-xl-4 card-content mt-3"> <strong class="news-category mb-2 mx-1"> <a href="https://businessdesk.co.nz/cars" style="color:#11B1BB"> Cars </a> </strong> <h2 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/the-life/aston-martin-knows-many-of-its-buyers-still-oppose-evs"> Aston Martin knows many of its buyers still oppose EVs </a> </h2> <p class="card-text"> Aston Martin is not alone in facing reluctance from high-end buyers. </p> <div class="news-author mt-2"> <a href="#" class="author"> <strong>Jet Sanchez</strong> </a> <span class="news-date px-2"> 16 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/the-life/aston-martin-knows-many-of-its-buyers-still-oppose-evs"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-border-right"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/vittoria-short-asb-supplied.webp" class="card-img-top mb-3" loading="lazy" alt="My Net Worth: Vittoria Shortt, ASB CEO"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/my-net-worth" style="color:#11B1BB"> My Net Worth </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/the-life/my-net-worth-vittoria-shortt-asb-ceo"> My Net Worth: Vittoria Shortt, ASB CEO </a> </h4> <p class="card-text "> "Sometimes, it's best to let those little dreams go." </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/jacques-steenkamp" class="author"> <strong>Jacques Steenkamp</strong> </a> <span class="news-date px-2"> 16 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/the-life/my-net-worth-vittoria-shortt-asb-ceo"></span> </div> </div> </div> </div> <div class="col-md-4 col-border-right"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/moo-main.webp" class="card-img-top mb-3" loading="lazy" alt="Review: Smoky heaven at Moo Moo's"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/good-food" style="color:#1e1e1e"> Good Food </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/the-life/review-smoky-heaven-at-moo-moos"> Review: Smoky heaven at Moo Moo's </a> </h4> <p class="card-text "> From succulent wagyu brisket to alpaca steak, everything is mouth-watering good. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/jacques-steenkamp" class="author"> <strong>Jacques Steenkamp</strong> </a> <span class="news-date px-2"> 09 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/the-life/review-smoky-heaven-at-moo-moos"></span> </div> </div> </div> </div> <div class="col-md-4"> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/VW-EV-SUPPLIED.webp" class="card-img-top mb-3" loading="lazy" alt="Volkswagen teases its most affordable EV yet"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/cars" style="color:#11B1BB"> Cars </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/the-life/volkswagen-teases-its-most-affordable-ev-yet"> Volkswagen teases its most affordable EV yet </a> </h4> <p class="card-text "> "An affordable, high-quality, and profitable electric Volkswagen from Europe for Europe." </p> <div class="news-author mt-2"> <a href="" class="author"> <strong>Jet Sanchez</strong> </a> <span class="news-date px-2"> 09 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/the-life/volkswagen-teases-its-most-affordable-ev-yet"></span> </div> </div> </div> </div> </div> </div> <div class="col-12 col-lg-300"> <div class="row"> <div class="col-md-6 col-lg-12"> <div class="promo-card p-4 my-4 mt-lg-0"> <div class="promo-card-img"> <img src="https://media.businessdesk.co.nz/file/w_160,h_160,q_100,c_fit/suggest-w.webp" alt="" class="img-fluid"/> </div> <h4 class="card-title promo-card-title mt-3">Suggest a news story</h4> <p class="card-text promo-card-text"> Got a scoop? Something we should know about? </p> <div class="promo-card-button"> <a class="btn text-white black-button" href="https://businessdesk.co.nz/about"> Contact reporters </a> </div> </div>  <div class="ad-slot-wrapper mb-4"> <div id='ad_rectangle4' class="dfpad" data-adsize="[[300,600],[300,250]]" data-adunit="rectangle"></div> </div> </div> <div class="col-md-6 col-lg-12"> <nz-herald-feed></nz-herald-feed> <div class="promo-card p-4 my-4 mt-lg-0"> <div class="promo-card-img"> <img src="https://media.businessdesk.co.nz/file/w_160,h_160,q_100,c_fit/alert2x-z.webp" alt="" class="img-fluid"/> </div> <h4 class="card-title promo-card-title mt-3">News Alerts</h4> <p class="card-text promo-card-text"> Get personalised emails as stories hit our homepage. </p> <div class="promo-card-button"> <a class="btn text-white black-button" href="https://businessdesk.co.nz/settings"> Set up </a> </div> </div> </div> </div> </div> </div> </div> </section> <div class="ad-slot-wrapper bg-cool-grey-half"> <div id='leaderboard3' class="dfpad my-4" data-adsize="[[970,250],[728,90]]" data-adunit="leaderboard"></div> </div> <section class="bottom-news"> <div class="container-fluid container-xxl"> <div class="row gutter-big py-4 mb-4"> <div class="col-12 col-lg-remain"> <div class="row news-row"> <div class="col-md-4 col-line-right mb-0"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/markets">Markets</a></h4> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Heartland-Qq.webp" class="card-img-top mb-3" loading="lazy" alt="Heartland declares $49.6m impairment in NZ business"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/finance" style="color:#079C54"> Finance </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/finance/heartland-group-shares-drop-12-after-company-declares-496m-impairment-in-nz-unit"> Heartland declares $49.6m impairment in NZ business </a> </h4> <p class="card-text "> Heartland Group shares fell 12% in early trading. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/gregor-thompson" class="author"> <strong>Gregor Thompson</strong> </a> <span class="news-date px-2"> 11:45am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/finance/heartland-group-shares-drop-12-after-company-declares-496m-impairment-in-nz-unit"></span> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/primary-sector/synlaits-share-price-has-been-rocketing-and-has-now-breached-1-why"> What's behind Synlait's rapid share price rise? </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 11:45am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/primary-sector/synlaits-share-price-has-been-rocketing-and-has-now-breached-1-why"></span> </div> </div> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/markets/genesis-to-develop-110m-solar-farm-near-christchurch"> Genesis to develop $110m solar farm near Christchurch </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/staff-reporters" class="author"> <strong>Staff reporters</strong> </a> <span class="news-date px-2"> 11:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/markets/genesis-to-develop-110m-solar-farm-near-christchurch"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-line-right mb-0"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/property">Property</a></h4> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Kaikoura-West-Dev.webp" class="card-img-top mb-3" loading="lazy" alt="Slow start for $1b infrastructure accelerator fund"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/infrastructure" style="color:#EC7016"> Infrastructure </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/infrastructure/developers-nervous-as-infrastructure-fund-changes-management"> Slow start for $1b infrastructure accelerator fund </a> </h4> <p class="card-text "> Kāinga Ora will hand over administration of a $1b fund with most of it unspent. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/garth-bray" class="author"> <strong>Garth Bray</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/infrastructure/developers-nervous-as-infrastructure-fund-changes-management"></span> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/property/du-vals-clarke-detained-and-released-after-altercation-outside-home"> Du Val's Clarke detained and released </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/garth-bray" class="author"> <strong>Garth Bray</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/property/du-vals-clarke-detained-and-released-after-altercation-outside-home"></span> </div> </div> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/journalist/staff-reporters" class="text-new-red"> Staff reporters: </a> <a href="https://businessdesk.co.nz/article/property/nz-media-council-upholds-complaint-about-the-details-in-an-article-on-the-increase-of-liquidation-advertisements-and-citadel-capital-ltd"> NZ Media Council upholds complaint </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/staff-reporters" class="author"> <strong>Staff reporters</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/property/nz-media-council-upholds-complaint-about-the-details-in-an-article-on-the-increase-of-liquidation-advertisements-and-citadel-capital-ltd"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-line-right mb-0"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/law-regulation">Law & Regulation</a></h4> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/reserve-bank-rbnz-nzme-ak.webp" class="card-img-top mb-3" loading="lazy" alt="Banking inquiry must address regulatory governance"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/economy" style="color:#079C54"> Economy </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/economy/blame-poor-regulation-not-banks-for-lack-of-competition-experts-say"> Banking inquiry must address regulatory governance </a> </h4> <p class="card-text "> Regulatory governance to blame for uncompetitive bank sector, experts say. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/john-anthony" class="author"> <strong>John Anthony</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/economy/blame-poor-regulation-not-banks-for-lack-of-competition-experts-say"></span> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/property/du-vals-clarke-detained-and-released-after-altercation-outside-home"> Du Val's Clarke detained and released </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/garth-bray" class="author"> <strong>Garth Bray</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/property/du-vals-clarke-detained-and-released-after-altercation-outside-home"></span> </div> </div> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/law-regulation/supreme-court-to-hear-uber-driver-employment-case"> Supreme Court to hear Uber driver case </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/gregor-thompson" class="author"> <strong>Gregor Thompson</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/law-regulation/supreme-court-to-hear-uber-driver-employment-case"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-line-right mb-0"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/energy">Energy</a></h4> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Aerial-view-Google-Earths-2023.webp" class="card-img-top mb-3" loading="lazy" alt="The hydro alternative to Govt's mining cleanup bill"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/environment" style="color:#079C54"> Environment </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/environment/the-hydro-alternative-to-governments-80m-mining-cleanup-bill"> The hydro alternative to Govt's mining cleanup bill </a> </h4> <p class="card-text "> Hydro Developments has existing consents for a hydro scheme on the Stockton Plateau. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/greg-hurrell" class="author"> <strong>Greg Hurrell</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/environment/the-hydro-alternative-to-governments-80m-mining-cleanup-bill"></span> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/energy/watts-waves-unspecified-regulatory-stick-at-electricity-sector"> Watts waves regulatory stick at electricity sector </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/ian-llewellyn" class="author"> <strong>Ian Llewellyn</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/energy/watts-waves-unspecified-regulatory-stick-at-electricity-sector"></span> </div> </div> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/policy/mark-dunphys-greymouth-petroleum-comes-out-swinging"> Mark Dunphy's Greymouth Petroleum comes out swinging </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/pattrick-smellie" class="author"> <strong>Pattrick Smellie</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/policy/mark-dunphys-greymouth-petroleum-comes-out-swinging"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-line-right mb-0"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/primary-sector">Primary Sector</a></h4> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Synlait-tankers-Dunsandel-2-5.webp" class="card-img-top mb-3" loading="lazy" alt="What's behind Synlait's rapid share price rise?"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/markets" style="color:#EF496F"> Markets </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/primary-sector/synlaits-share-price-has-been-rocketing-and-has-now-breached-1-why"> What's behind Synlait's rapid share price rise? </a> </h4> <p class="card-text "> Synlait's share price has been rocketing and has now breached $1. Why? </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 11:45am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/primary-sector/synlaits-share-price-has-been-rocketing-and-has-now-breached-1-why"></span> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/primary-sector/whos-your-daddy-a2-enlists-influential-product-reviewer-daddylab-for-china-push"> The influential Chinese reviewer testing a2 Milk </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/primary-sector/whos-your-daddy-a2-enlists-influential-product-reviewer-daddylab-for-china-push"></span> </div> </div> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/primary-sector/big-week-for-nz-stocks-five-to-watch-as-the-nzx-reports"> Five NZ stocks to watch this week </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/rebecca-stevenson" class="author"> <strong>Rebecca Stevenson</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/primary-sector/big-week-for-nz-stocks-five-to-watch-as-the-nzx-reports"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-line-right mb-0"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/sustainable-finance">Sustainable Finance</a></h4> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/olivia-Colman-getty-2.webp" class="card-img-top mb-3" loading="lazy" alt="Olivia Colman plays her part in sustainable investment"/> <div class="card-body card-content"> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/sustainable-finance/movie-star-olivia-colman-plays-her-part-in-sustainable-investment"> Olivia Colman plays her part in sustainable investment </a> </h4> <p class="card-text "> The Oscar-winning actor will be starring in ads on TVNZ+ this month. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/greg-hurrell" class="author"> <strong>Greg Hurrell</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/sustainable-finance/movie-star-olivia-colman-plays-her-part-in-sustainable-investment"></span> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/policy/pms-summit-hastens-new-overseas-investor-regime"> PM's summit hastens new overseas investor regime </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/pattrick-smellie" class="author"> <strong>Pattrick Smellie</strong> </a> <span class="news-date px-2"> 12 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/policy/pms-summit-hastens-new-overseas-investor-regime"></span> </div> </div> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/sustainable-finance/bank-lending-isnt-woke-say-critics-of-nz-first-bill"> Bank lending isn't ‘woke’, say critics of NZ First bill </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/greg-hurrell" class="author"> <strong>Greg Hurrell</strong> </a> <span class="news-date px-2"> 12 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/sustainable-finance/bank-lending-isnt-woke-say-critics-of-nz-first-bill"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-line-right mb-0"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/public-sector">Public sector</a></h4> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Judith-Collins-Getty-c.webp" class="card-img-top mb-3" loading="lazy" alt="Corruption, transparency and purgatory"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/business-of-government" style="color:#1e1e1e"> Business of Government </a> <span class="text-new-red ml-2">Business of Government</span> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/public-sector/business-of-govt-corruption-transparency-and-purgatory"> Corruption, transparency and purgatory </a> </h4> <p class="card-text "> The weekly roundup of public sector news and observations. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/pattrick-smellie-and-ian-llewellyn" class="author"> <strong>Pattrick Smellie and Ian Llewellyn</strong> </a> <span class="news-date px-2"> 12 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/public-sector/business-of-govt-corruption-transparency-and-purgatory"></span> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/journalist/deb-te-kawa" class="text-new-red"> Deb Te Kawa: </a> <a href="https://businessdesk.co.nz/article/opinion/meetings-noise-and-better-public-service-decisions"> Meetings, noise and better decisions </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/deb-te-kawa" class="author"> <strong>Deb Te Kawa</strong> </a> <span class="news-date px-2"> 10 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/opinion/meetings-noise-and-better-public-service-decisions"></span> </div> </div> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/technology/dia-on-track-with-public-service-genai-guidance"> DIA on track with public service GenAI guidance </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/ben-moore" class="author"> <strong>Ben Moore</strong> </a> <span class="news-date px-2"> 05 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/technology/dia-on-track-with-public-service-genai-guidance"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-line-right mb-0"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/media">Media</a></h4> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Jonathan-Underhill-2.webp" class="card-img-top mb-3" loading="lazy" alt="Jonathan Underhill – a personal obituary"/> <div class="card-body card-content"> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/media/jonathan-underhill-a-personal-obituary"> Jonathan Underhill – a personal obituary </a> </h4> <p class="card-text "> Remembering BusinessDesk's co-founder. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/pattrick-smellie" class="author"> <strong>Pattrick Smellie</strong> </a> <span class="news-date px-2"> 24 Jan 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/media/jonathan-underhill-a-personal-obituary"></span> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/media/what-happens-to-tiktok-now"> What happens to TikTok now? </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/the-wall-street-journal" class="author"> <strong>The Wall Street Journal</strong> </a> <span class="news-date px-2"> 20 Jan 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/media/what-happens-to-tiktok-now"></span> </div> </div> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/editors-picks/there-will-be-a-cost-nz-firms-warned-on-metas-policy-changes"> NZ firms warned on Meta's policy changes </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/ben-moore" class="author"> <strong>Ben Moore</strong> </a> <span class="news-date px-2"> 16 Jan 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/editors-picks/there-will-be-a-cost-nz-firms-warned-on-metas-policy-changes"></span> </div> </div> </div> </div> </div> </div> <div class="col-md-4 col-line-right mb-0"> <hr class="border-hard mt-0"/> <h4 class="section-title mb-4"><a href="https://businessdesk.co.nz/infrastructure">Infrastructure</a></h4> <div class="card news-card"> <img src="https://media.businessdesk.co.nz/file/c_fill,h_400,w_600,q_100/Manukau-Harbour.webp" class="card-img-top mb-3" loading="lazy" alt="Manukau Harbour port study cost $2m"/> <div class="card-body card-content"> <strong class="news-category mb-2"> <a href="https://businessdesk.co.nz/politics" style="color:#445DD4"> Politics </a> </strong> <h4 class="card-title mb-2 "> <a href="https://businessdesk.co.nz/article/infrastructure/manukau-harbour-port-study-derided-by-winston-peters-cost-2m"> Manukau Harbour port study cost $2m </a> </h4> <p class="card-text "> Can we put a port in the Manukau? Who knows, the study still isn't public. </p> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/oliver-lewis" class="author"> <strong>Oliver Lewis</strong> </a> <span class="news-date px-2"> 10:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/infrastructure/manukau-harbour-port-study-derided-by-winston-peters-cost-2m"></span> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/infrastructure/developers-nervous-as-infrastructure-fund-changes-management"> Slow start for $1b infrastructure accelerator fund </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/garth-bray" class="author"> <strong>Garth Bray</strong> </a> <span class="news-date px-2"> 5:00am </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/infrastructure/developers-nervous-as-infrastructure-fund-changes-management"></span> </div> </div> </div> </div> </div> <div class="card news-card news-smaller"> <div class="card-body"> <div class="row no-gutters"> <div class="col card-content"> <h4 class="card-title mb-2"> <a href="https://businessdesk.co.nz/article/infrastructure/government-appoints-ferry-procuring-company-directors"> Government appoints ferry procuring company directors </a> </h4> <div class="news-author mt-2"> <a href="https://businessdesk.co.nz/journalist/oliver-lewis" class="author"> <strong>Oliver Lewis</strong> </a> <span class="news-date px-2"> 17 Feb 2025 </span> <span class="comment-count coral-count" data-coral-notext="true" data-coral-url="https://businessdesk.co.nz/article/infrastructure/government-appoints-ferry-procuring-company-directors"></span> </div> </div> </div> </div> </div> </div> </div> </div> <div class="col-12 col-lg-300"> <div class="row"> <div class="col-md-6 col-lg-12"> <div class="promo-card p-4 my-4 mt-lg-0"> <div class="promo-card-img"> <img src="https://media.businessdesk.co.nz/file/w_160,h_160,q_100,c_fit/quiz2x-1.webp" alt="" class="img-fluid"/> </div> <h4 class="card-title promo-card-title mt-3">The quiz</h4> <p class="card-text promo-card-text"> Can you beat the Quizmaster? </p> <div class="promo-card-button"> <a class="btn text-white black-button" href="https://businessdesk.co.nz/the-quiz"> Take the quiz </a> </div> </div> </div> <div class="col-md-6 col-lg-12">  <div class="ad-slot-wrapper mb-4"> <div id='ad_rectangle5' class="dfpad" data-adsize="[[300,600],[300,250]]" data-adunit="rectangle"></div> </div> <div class="promo-card p-4 my-4 mt-lg-0"> <div class="promo-card-img"> <img src="https://media.businessdesk.co.nz/file/w_160,h_160,q_100,c_fit/news-s.webp" alt="" class="img-fluid"/> </div> <h4 class="card-title promo-card-title mt-3">7am Headlines</h4> <p class="card-text promo-card-text"> Your free daily summary email of all our news. </p> <div class="promo-card-button"> <a class="btn text-white black-button" href="https://businessdesk.co.nz/7am-Headlines-from-BusinessDesk"> Subscribe </a> </div> </div> </div> </div> </div> </div> </div> </section> </main> <footer class="footer pt-3 pb-4"> <div class="container-fluid container-xxl"> <div class="row"> <div class="col-md-3 d-flex flex-column"> <div class="footer-logo mt-3 mt-md-5 mb-4"> <a href="/"><img src="/images/logo_original.svg" class="img-fluid" alt=""></a> </div> <div class="footer-text"> The BusinessDesk team <br> keeps New Zealand informed <br> on the latest financial, <br> economic, property and <br> stockmarket news. </div> <div class="footer-copyright d-none d-md-block mt-4">© NZME Publishing Ltd 2023</div> </div> <div class="col-md-3"> <div class="footer-header mt-3 mt-md-5 mb-4">Categories</div> <div class="d-flex justify-content-between"> <div class="row footer-list"> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/hot-topics">HOT TOPICS</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/markets">Markets</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/podcasts">Podcasts</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/opinion">Opinion</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/on-the-money">On the Money</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/business">Business</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/economy">Economy</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/finance">Finance</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/primary-sector">Primary Sector</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/infrastructure">Infrastructure</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/investments">Investments</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/public-sector">Public sector</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/technology">Technology</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/energy">Energy</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/property">Property</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/the-life">The Life</a> </div> <div class="col-6 col-md-12"> <a href="https://businessdesk.co.nz/the-quiz">The Quiz</a> </div> </div> </div> </div> <div class="col-md-3"> <div class="footer-header mt-3 mt-md-5 mb-4">About</div> <div class="d-flex justify-content-between"> <ul class="list-inline footer-list"> <li><a href="/about">About Us & Our Team</a></li> <li><a href="/why-you-should-subscribe-to-BusinessDesk">Why Subscribe to BD?</a></li> <li><a href="/register">Subscribe</a></li> <li><a href="/teams">Team Subscriptions</a></li> <li><a href="/faq">Editorial Guidelines & FAQ</a></li> <li><a href="/advertise-on-businessdesk">Advertise with BusinessDesk</a></li> </ul> </div> </div> <div class="col-md-3"> <div class="footer-header mt-3 mt-md-5 mb-4">Contact</div> <div class="d-flex justify-content-between"> <ul class="list-inline contact-list"> <li><a href="tel:0800002296">0800 00 22 96</a></li> <li><a href="/cdn-cgi/l/email-protection#274e494148674552544e494254544342544c09444809495d"><span class="__cf_email__" data-cfemail="83eaede5ecc3e1f6f0eaede6f0f0e7e6f0e8ade0ecadedf9">[email protected]</span></a></li> <li><a href="/terms">Terms & Conditions</a></li> <li><a href="/the-NZMEBusinessDesk-editorial-code-of-conduct-and-ethics">Ethics Policy</a></li> <li><a href="/privacy-policy">Privacy Policy</a></li> </ul> </div> <div class="d-flex pt-2"> <div> <a target="_blank" href="https://www.facebook.com/businessdesknz/"> <img src="/images/icons/facebook-solid.svg" class="social-icon" alt=""/> </a> </div> <div class="px-4"> <a target="_blank" href="https://twitter.com/businessdesk_nz"> <img src="/images/icons/twitter-solid.svg" class="social-icon" alt=""/> </a> </div> <div> <a target="_blank" href="https://linkedin.com/company/businessdesknz"> <img src="/images/icons/linkedin-solid.svg" class="social-icon" alt=""/> </a> </div> </div> </div> <div class="col-12 d-block d-md-none"> <div class="footer-copyright mt-5">© NZME Publishing Ltd 2023</div> </div> </div> </div> </footer>  </div> <div class="modal" id="team-request" tabindex="-1"> <div class="modal-dialog"> <div class="modal-content"> <div class="modal-header"> <h4 class="modal-title font-weight-bold">Your company has a subscription</h4> <button type="button" class="close" data-dismiss="modal" aria-label="Close"> <span aria-hidden="true">×</span> </button> </div> <div class="modal-body"> <div class="d-flex"> <div class="mr-3"> <img class="team-image" style="max-width: 215px;max-height: 100px" src="" alt> </div> <div> <h3 class="team-name font-weight-bold">Team</h3> <p class="h6 text-black">To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details</p> </div> </div> <form id="team-request-form"> <div class="form-group"> <label for="request-email" class="col-form-label">Your Email:</label> <input type="email" class="form-control" id="team-request-email" required> </div> </form> </div> <div class="modal-footer"> <button type="button" class="btn btn-secondary rounded-0 roboto-bold" data-dismiss="modal">CLOSE </button> <button type="button" id="send-team-request" class="btn btn-danger bg-brand-red rounded-0 roboto-bold"> SEND EMAIL </button> </div> </div> </div> </div> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script defer> window.addEventListener("DOMContentLoaded", function () { const cookie = ("; " + document.cookie).split("; team_join_request=").pop().split(";").shift(); if (cookie == '') { document.cookie = 'team_join_request=asked'; $.get('/api/teams/check') .done(function (data) { $('#team-request') .on('show.bs.modal', function (event) { const modal = $(this); modal.find('.team-name').text(data.name); modal.find('.team-image').attr('src', data.picture); }) .modal('show'); }); $('#send-team-request').click(function () { const form = document.getElementById("team-request-form"); if (!form.checkValidity()) { form.reportValidity(); return; } const button = $(this) button.prepend('<i class="fa fa-btn fa-spinner fa-spin"></i> '); button.attr('disabled', true); $.post('/api/teams/join-request', {email: $('#team-request-email').val()}) .always(function () { button.find('.fa-spinner').remove(); button.attr('disabled', false); $('#team-request').modal('hide') }); }); } }); </script> <script> function addCopyright() { //Get the selected text and append the extra info if they copy a significant amount of text var maxCharactersToCopy = 100; if (window.getSelection().toString().length < maxCharactersToCopy) { return; } var selection = window.getSelection(), copyrightText = `<p> You have copied (c) copyrighted material from BusinessDesk. This is a breach of our terms and conditions unless you are a corporate subscriber copying for internal use. Please consider a <a href="https://businessdesk.co.nz/group-subscriptions">group subscription</a> or forward a link. To upgrade your account email <a href="mailto:info@businessdesk.co.nz">info@businessdesk.co.nz</a>. </p>`; copyText = copyrightText + selection + copyrightText; newdiv = document.createElement('div'); //hide the newly created container newdiv.style.position = 'absolute'; newdiv.style.left = '-99999px'; //insert the container, fill it with the extended text, and define the new selection document.body.appendChild(newdiv); newdiv.innerHTML = copyText; selection.selectAllChildren(newdiv); window.setTimeout(function () { document.body.removeChild(newdiv); }, 100); } document.addEventListener('copy', addCopyright); </script> </body> </html>

CINXE.COM

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