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Kiwibank scraps $500 million capital raising plan

December 19, 2025

Source: Radio New Zealand RNZ / Marika Khabazi State-owned Kiwibank’s $500m capital raise won’t go ahead Its parent Kiwi Group Capital cited recent RBNZ capital settings and $400m raise KGC engaged with leading investors Kiwibank has scrapped a plan to raise extra capital from local investors to strengthen its finances. The state-owned bank had been ... <a title="Kiwibank scraps $500 million capital raising plan" class="read-more" href="https://eveningreport.nz/2025/12/19/kiwibank-scraps-500-million-capital-raising-plan/" aria-label="Read more about Kiwibank scraps $500 million capital raising plan">Read more</a>

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Have you had a Christmas gift from your KiwiSaver provider?

December 19, 2025

Source: Radio New Zealand A small number of KiwiSaver schemes have been sending gifts to members this Christmas. 123RF Have you had a Christmas gift from your KiwiSaver provider? A small number of KiwiSaver schemes have been sending gifts to members this Christmas. RNZ has discovered an umbrella sent to a member from Generate KiwiSaver, ... <a title="Have you had a Christmas gift from your KiwiSaver provider?" class="read-more" href="https://eveningreport.nz/2025/12/19/have-you-had-a-christmas-gift-from-your-kiwisaver-provider/" aria-label="Read more about Have you had a Christmas gift from your KiwiSaver provider?">Read more</a>

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Consumer confidence reaches highest level in four years

December 19, 2025

Source: Radio New Zealand The ANZ-Roy Morgan Consumer Confidence index lifted 3 points to an optimistic 101.5 points in December. 123rf Consumer confidence has risen to the highest level in more than four years. The ANZ-Roy Morgan Consumer Confidence index lifted 3 points to an optimistic 101.5 points in December from a still pessimistic 98.4 ... <a title="Consumer confidence reaches highest level in four years" class="read-more" href="https://eveningreport.nz/2025/12/19/consumer-confidence-reaches-highest-level-in-four-years/" aria-label="Read more about Consumer confidence reaches highest level in four years">Read more</a>

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A bach is a lot more expensive than a decade ago

December 19, 2025

Source: Radio New Zealand Te Ara Encyclopedia of New Zealand Houses in holiday hotspots have increased in value significantly over the past decade – but there’s a warning for anyone daydreaming about a purchase this summer. Realestate.co.nz data shows asking prices for properties in Albert Town, in the South Island, have lifted 225 percent over ... <a title="A bach is a lot more expensive than a decade ago" class="read-more" href="https://eveningreport.nz/2025/12/19/a-bach-is-a-lot-more-expensive-than-a-decade-ago/" aria-label="Read more about A bach is a lot more expensive than a decade ago">Read more</a>

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Sisters build business on back of knack for flatpacks

December 19, 2025

Source: Radio New Zealand Aalia and Jala Hooker started Flatpack Girls in 2021. Ke-Xin Li Auckland woman Roisin Connolly is stoked to move into her new home before the festive season. Her Christmas tree is out and decorations are up, but some key furniture is still missing before she can comfortably welcome her guests. Specifically, ... <a title="Sisters build business on back of knack for flatpacks" class="read-more" href="https://eveningreport.nz/2025/12/19/sisters-build-business-on-back-of-knack-for-flatpacks/" aria-label="Read more about Sisters build business on back of knack for flatpacks">Read more</a>

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KiwiSaver hardship application backlogs see man face vehicle repossession, house sale

December 19, 2025

Source: Radio New Zealand A man says he’s facing repossession of his vehicle and the forced sale of his house because it’s taking too long to access his KiwiSaver. RNZ A man who says he is facing repossession of his vehicle, the loss of items in storage and the forced sale of his house says ... <a title="KiwiSaver hardship application backlogs see man face vehicle repossession, house sale" class="read-more" href="https://eveningreport.nz/2025/12/19/kiwisaver-hardship-application-backlogs-see-man-face-vehicle-repossession-house-sale/" aria-label="Read more about KiwiSaver hardship application backlogs see man face vehicle repossession, house sale">Read more</a>

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Retail, construction, manufacturing industries eye GDP growth with cautious optimism

December 19, 2025

Source: Radio New Zealand Finance Minister Nicola Willis said GDP growth showed there were better times ahead. RNZ The retail, construction and manufacturing sectors are cautiously optimistic about recent growth in the country’s economy. Stats NZ data showed gross domestic product (GDP) – the broad measure of economic growth – rose 1.1 percent in the ... <a title="Retail, construction, manufacturing industries eye GDP growth with cautious optimism" class="read-more" href="https://eveningreport.nz/2025/12/19/retail-construction-manufacturing-industries-eye-gdp-growth-with-cautious-optimism/" aria-label="Read more about Retail, construction, manufacturing industries eye GDP growth with cautious optimism">Read more</a>

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How savers can stop accounts being eroded by inflation

December 19, 2025

Source: Radio New Zealand Savings account rates generally aren’t offering enough interest to keep up with inflation. But what are savers’ options if they don’t want to see their money going backwards? Reserve Bank data shows that the average interest rate paid by bonus-paying savings account, such as those that reward someone when they make ... <a title="How savers can stop accounts being eroded by inflation" class="read-more" href="https://eveningreport.nz/2025/12/19/how-savers-can-stop-accounts-being-eroded-by-inflation/" aria-label="Read more about How savers can stop accounts being eroded by inflation">Read more</a>

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Rocket Lab launches fourth spacecraft into orbit for US Department of War testing

December 19, 2025

Source: Radio New Zealand Rocket Lab has successfully launched a fourth spacecraft into orbit for the United States Department of War. Supplied / Rocket Lab Rocket Lab has successfully launched a fourth spacecraft into orbit for the United States Department of War. The launch, named ‘Don’t Be Such A Square’, lifted off from Wallops Island ... <a title="Rocket Lab launches fourth spacecraft into orbit for US Department of War testing" class="read-more" href="https://eveningreport.nz/2025/12/19/rocket-lab-launches-fourth-spacecraft-into-orbit-for-us-department-of-war-testing/" aria-label="Read more about Rocket Lab launches fourth spacecraft into orbit for US Department of War testing">Read more</a>

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IKEA shuts down customer support centre in wake of delivery woes

December 18, 2025

Source: Radio New Zealand IKEA’s first Auckland store opens on December 4 Marika Khabazi / RNZ Homeware retail giant IKEA appears to be a victim of its own success. It is shutting down its customer support centre from Friday for the rest of the week so its team can focus on rebooking customer orders and ... <a title="IKEA shuts down customer support centre in wake of delivery woes" class="read-more" href="https://eveningreport.nz/2025/12/18/ikea-shuts-down-customer-support-centre-in-wake-of-delivery-woes/" aria-label="Read more about IKEA shuts down customer support centre in wake of delivery woes">Read more</a>

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Fonterra lowers milk price forecast amid strong supply

December 18, 2025

Source: Radio New Zealand RNZ Fonterra lowers milk price forecast midpoint again Strong global supply weighing on prices Global Dairy Trade auction has fallen at nine consecutive meetings Fonterra has lowered its milk price forecast as strong supply in the global market weighs on global prices. The co-op reduced the forecast range on its Farmgate ... <a title="Fonterra lowers milk price forecast amid strong supply" class="read-more" href="https://eveningreport.nz/2025/12/18/fonterra-lowers-milk-price-forecast-amid-strong-supply/" aria-label="Read more about Fonterra lowers milk price forecast amid strong supply">Read more</a>

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GDP announcement expected to show economic rebound

December 18, 2025

Source: Radio New Zealand RNZ / Rebekah Parsons-King Numbers out today are likely to show the economy rebounded in the September quarter. Gross domestic product – a broad measure of growth – is expected to have grown 0.9 percent in the three months, after a shock 0.9 percent fall in June. Economists are predicting growth ... <a title="GDP announcement expected to show economic rebound" class="read-more" href="https://eveningreport.nz/2025/12/18/gdp-announcement-expected-to-show-economic-rebound/" aria-label="Read more about GDP announcement expected to show economic rebound">Read more</a>