Latest fromAustralia Business

SkyCity group profit down 73%
Casino, entertainment and hotel giant explains how market treated it.

‘Market turned down more quickly ... deeply’: Fletcher CEO on climbing losses
New CEO steps in as losses climb further: what next for the giant Australasian business?

Fletcher Building's half-year loss climbs to $134m
Intense competitive forces, slowing of demand influence result.

Australian central bank cuts rates for first time in four years
The bank cut the rate by 25 basis points to 4.1%.

Property Insider: Seph ‘Sticky’ Glew expands further in NZ via Wotso
'I learned financial discipline from my father. He learned a lot from his Chase era.'

Freightways eyes trans-Tasman growth “if it fits right”
A solid HY25 result in a moribund economy.

SkyCity Adelaide pays more than $40m in loyalty points squabble
The tax laws were just too technical, SkyCity chief says.

Two reasons why Woolworths plans 188% distribution centre expansion
'Further investment in supporting infrastructure is required for the business'.

Ho Chi Minh to Northcote: 'Southern Hemisphere's largest modular housing project'
'We see New Zealand as a long-term strategy.

Bluestone Home Loans sold to ASX-listed Challenger for $597m
Challenger told Bluestone clients with direct debits that nothing would change for them.

Hani Sipu’s journey: Life in Australia’s outback to create a better future for her whānau
Kiwi nurse Hani Sipu shares her journey from Kaitāia to Ngukurr as a remote area nurse in Australia’s outback. Video / Carson Bluck

Ten most valuable deals by foreigners trading NZ assets in latest year
Value of deals in 2024 was less than half the value of those the previous year.

'Significant milestone for many Kiwis': Oceania Healthcare CEO Suzanne Dvorak
The workforce is predominantly female which is reflected in the company's leadership.

Flatpacked and ready: Ikea warehouse opened today
Goods to be shipped from China and Malaysia mainly, but also other parts of the world.

Spotless NZ businesses sold in cleaning, catering shakeup
Clients include a major stadium and some of the country's most prestigious schools.

Retirement village vacancies rise: Ryman's chairman Dean Hamilton explains
Opening three new hospital buildings in Auckland and Hastings pushed up vacancies.

Ryman result: Australasian business has 1156 empty retirement homes
A new phenomenon: increasing vacancies being declared in our retirement villages.

Buyers shun retirement village luxury: 69% unsold despite chauffeur, executive chef
What does new Australian-born CEO Suzanne Dvorak have to say about the lack of sales?

Big blue wants people: 400 Ikea staff needed next year
'We need a big team due to the way we will run operations in New Zealand'.

Bunnings declares $79m net profit from New Zealand operations
It employs about 5000-plus staff in its stores, trade and distribution centres.

Pipe dream gone bad: Fletcher Building's Iplex deal terms cemented
Terms of the agreement announced as sealed today mirror those set on August 30.