6 articles
New Zealand retail sales volumes increased 0.9 percent in the March 2026 quarter on a seasonally adjusted basis. The gain matched the December 2025 quarter and exceeded market expectations of 0.5 percent.
A NZ$2.08 million share purchase agreement between New Zealand businessman George Kerr and Vadim Perelman collapsed into five years of litigation after the parties disagreed on settlement mechanics. The English Commercial Court has now ordered specific performance of the deal.
The NZX 50 has returned just 3.98% over five years while inflation topped 20%, representing a significant real-terms loss for New Zealand investors that contradicts government claims of economic recovery.
Gentrack Group Limited reported recurring revenue of $85.3 million for the six months ended 31 March 2026, up 12 percent, even as statutory net profit fell 29 percent to $5.1 million due to two delayed utilities deals.
New Zealand's four largest retail banks have joined Visa's Agentic Ready programme and can now handle AI-driven agent-initiated payments using existing tokenisation and risk controls.
Air New Zealand's NZ$4 billion in available aircraft equity and NZ$1.3 billion liquidity buffer position the carrier to absorb a projected NZ$340-390 million pre-tax loss for the year ending June 2026 without seeking a capital raise or government support, Forsyth Barr analysts concluded after the 14 May trading update.
