TODAY |

Former chief executive of ANZ, David Hisco

ANZ should have disclosed house sale, FMA says

A valuation of the mansion sold to former CEO David Hisco's wife suggests the bank sold it to her at a loss of more than $4 million.

The pay-TV provider has changed its pricing model in the hope of stemming the numbers of customers leaving.

Sky TV reports $608m loss for year, but looks to streaming for future growth

Chief Executive Martin Stewart addressed challenges, saying we live in an "uncertain world".

Wellington, New Zealand - March 5, 2016. Air New Zealand airplane in the skies above Wellington, New Zealand.

Air NZ must 'continue to lift our game', outgoing CEO says as big profit drop revealed

The airline reported a net profit after tax of $270 million.

03:31

Young brewers growing New Zealand's first commercially available beer yeast

Until now, yeast has all been imported - and it doesn't taste like home.

Confirmation of NZ's first Taco Bell restaurant revealed in job listings

The listings also give a hint as to its opening date.

NZX on outdoor digital screen.

New Zealand sharemarket takes a beating after unexpected A2 Milk result

The company reported record profits for the past year, but the result fell short of expectations.

Fletcher Building sign and logo

Future looking brighter for Fletcher Building, just one year after predicting $1 billion loss

The company announced today a net profit after tax of $164 million for the fiscal year.

The 1 NEWS political reporters discuss the Prime Minister’s reaction to the sky rocketing cost of fuel.

'Our profit has a purpose' - Z Energy pushes back on petrol report findings

"We don’t believe our returns are unreasonable," the company's chief executive said.

02:10
It comes as a new report highlights the huge potential for the sector.

Video game developers say they desperately need more support from Government

The industry in New Zealand is rapidly growing and is currently worth $143 million.

Timber (file picture)

International log war hurting New Zealand

Industry officials say they're fighting to survive.

04:56
Green Buildings CEO Andrew Eagles spoke with Breakfast about the report, which suggests the industry could slash emissions by 1.2 million tonnes.

Greener construction practices could equal taking 500k cars off NZ roads, report suggests

The report says the industry could slash emissions by 1.2 million tonnes if lower carbon materials are used.

02:11
Apple growers and contractors have invested more than 30 million dollars in accommodation for foreign pickers to help ease the squeeze on residential rentals.

Horticulture companies spend over $30 million to accomodate workers

"We've got a moral obligation to house some of our community," Drew Bibby says.

02:27
Ngaire and Ernie Lepper are on a mission to make sure no one gets left behind.

Good Sorts: Matamata couple have spent the past decade driving patients to their hospital appointments

Due to no public transport to Hamilton, Ngaire and Ernie Lepper are dedicated to make sure nobody is left behind.

01:54
While the ruling has got people who trade in the digital alternative to 'old money' excited, there is a warning from experts to be cautious.

Inland Revenue lays out ruling on how to pay staff in cryptocurrency

From the 1st of September, salaries in cryptocurrencies will be subject to tax, just like any other currency.

03:34
One of the nation’s biggest growers fears she’ll have to close due to overseas pickers allocation.

Kiwis could pay more than double the price for strawberries this season, grower warns

One of the country's biggest growers says the Government has refused to allocate her vital overseas workers necessary to pick her crop.

PERTH, AUSTRALIA - AUGUST 10: Beauden Barrett during the 2019 Bledisloe Cup test match between the New Zealand All Blacks and the Qantas Wallabies at Optus Stadium, August 10 2019 in Perth, Australia. (Photo by Daniel Carson \ Photosport NZ)

Sky TV bets big on rugby with $62 million streaming service purchase

Sky said the purchase fitted with its strategy of focusing on digital services to grow.

Rodger Finlay appointed as Chair of New Zealand Post

He's currently a director of Ngai Tahu Holdings and is an experienced investment banker.

00:28
The Dow experienced its biggest drop in almost a year, sparking recession fears.

Kiwi sharemarkets down after disastrous day for US markets

The Dow Jones plummeted 800 points, or three per cent, in its biggest one-day drop in almost a year.

01:52
Varieties like camembert and brie could be on the chopping block.

European Union wants to keep produce names like 'feta' and 'gruyere' cheese for itself

New Zealand speciality cheese producers have expressed concern about what the EU's requests could mean for their industry.

03:40
Joan Rutherford, 87, has worked for Timmermans jewellers in Auckland since 1969.

Worker gifted diamond ring for 50 years of service at same Auckland store

Joan Rutherford, 87, began working at Timmerman's in 1969 after her car broke down and has been there ever since.

05:35
Alan Limmer is understandably cross, and so were the lines of communication with telco giant Spark.

Fair Go: Spark apologises for nine-month landline run-around

Spark NZ customer spent close to nine months trying to get the telco to fix a fault with his home phone.

Glass of orange juice

Juice maker to pay over $500,000 after worker killed by bottle filling machine

The machinery kept operating even after the worker's arm was pulled into rotating equipment.

The Government is looking at buying more of them across the country.

Kiwis staying in overnight accommodation hits record 23.2 million guest nights

International domestic guest nights, meanwhile, are down 2.1 per cent from June 2018.

05:33
The National Party Leader blames the suffering economy on a Government which doesn’t know how to manage it.

Talk of negative interest rates a 'slap in the face for savers, for retirees' – Simon Bridges

The National Party leader says the Government doesn't know how to manage the economy.

02:46
The dairy giant made a loss of $196 million last year, and it's going to be worse this time around.

Government won't step in for Fonterra farmers as $675 million loss looms - Ardern

Farmers said the gloomy outlook would knock the confidence of its roughly 10,000 farmer shareholders.

Intelligence and policy analyst Paul Buchanan explained the UK’s provisional conditions in allowing for the rollout of the network.

Andrew Little cautions Huawei against 'heavying' NZ government

The telco giant says it could be forced to pull out of the country if it was blocked from working on 5G upgrades.

04:34
Forty per cent off all jackets at Jay Jays wasn’t all that it seemed for Julia and daughter Sophie Pearson.

Fair Go: When is a jacket not a jacket? When it's made of sweatshirt material, apparently

Forty per cent off all jackets at Jay Jays wasn’t all that it seemed for Julia and daughter Sophie Pearson.

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