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Consumer confidence drops again after four-year high

February 27, 2026

Source: Radio New Zealand 123RF Consumer confidence has dropped back from last month’s four-year high. February’s ANZ-Roy Morgan Consumer Confidence index is well down from last month’s 107 points, but still remains in positive territory at 100 points. Anything under 100 is considered negative. Consumer Confidence falls to 100.1 points from 107.2 points in January ... <a title="Consumer confidence drops again after four-year high" class="read-more" href="https://eveningreport.nz/2026/02/27/consumer-confidence-drops-again-after-four-year-high/" aria-label="Read more about Consumer confidence drops again after four-year high">Read more</a>

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Newly formed Bioeconomy Science Institute to cut 134 jobs

February 27, 2026

Source: Radio New Zealand RNZ / Quin Tauetau The government’s Bioeconomy Science Institute will cut 134 jobs less than a year after it was formed. That comes on top of 152 jobs cut when the institute was set up as a merger of AgResearch, Manaaki Whenua – Landcare Research, Plant & Food Research and Scion ... <a title="Newly formed Bioeconomy Science Institute to cut 134 jobs" class="read-more" href="https://eveningreport.nz/2026/02/27/newly-formed-bioeconomy-science-institute-to-cut-134-jobs/" aria-label="Read more about Newly formed Bioeconomy Science Institute to cut 134 jobs">Read more</a>

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Summerset reports record underlying profit, lower net profit on valuations

February 27, 2026

Source: Radio New Zealand Summerset chief executive Scott Scoullar said the company’s strategy continued to deliver results. Google Maps Retirement village operator Summerset has posted a record underlying profit, although weaker property values weighed on its bottom line. Key numbers for the year ended 31 December compared with a year ago: Net profit $259.7m v ... <a title="Summerset reports record underlying profit, lower net profit on valuations" class="read-more" href="https://eveningreport.nz/2026/02/27/summerset-reports-record-underlying-profit-lower-net-profit-on-valuations/" aria-label="Read more about Summerset reports record underlying profit, lower net profit on valuations">Read more</a>

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Port of Tauranga delivers $70.2 million half-year profit

February 27, 2026

Source: Radio New Zealand Port of Tauranga. RNZ / Cole Eastham-Farrelly Higher cargo volumes driven by a rebound in imports have delivered a strong half-year profit for the country’s biggest port. Key numbers for the six months ended December compared with a year ago: Net profit $70.2 million vs $60.2m Revenue $244m vs $225m Cargo ... <a title="Port of Tauranga delivers $70.2 million half-year profit" class="read-more" href="https://eveningreport.nz/2026/02/27/port-of-tauranga-delivers-70-2-million-half-year-profit/" aria-label="Read more about Port of Tauranga delivers $70.2 million half-year profit">Read more</a>

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KiwiSaver withdrawal funded ‘life-saving’ weight loss surgery

February 27, 2026

Source: Radio New Zealand Biddy Tai Ahmu and her twin grandchildren, Aylani and Zahkani. Supplied Biddy Tai Ahmu says bariatric surgery in Turkey, funded with money withdrawn from her KiwiSaver, saved her life. She had the surgery three years ago after being on the waiting list in New Zealand for years. Diabetes was a problem ... <a title="KiwiSaver withdrawal funded ‘life-saving’ weight loss surgery" class="read-more" href="https://eveningreport.nz/2026/02/27/kiwisaver-withdrawal-funded-life-saving-weight-loss-surgery/" aria-label="Read more about KiwiSaver withdrawal funded ‘life-saving’ weight loss surgery">Read more</a>

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Housing market confidence improves, house price growth expected to remain subdued

February 27, 2026

Source: Radio New Zealand Housing market confidence continues to improve. RNZ Housing market confidence continues to improve, though house price growth is expected to remain subdued. “Indeed, we anticipate only muted house price growth in 2026. High inventory levels and some headwinds for housing demand are likely to temper house price growth,” the latest ASB ... <a title="Housing market confidence improves, house price growth expected to remain subdued" class="read-more" href="https://eveningreport.nz/2026/02/27/housing-market-confidence-improves-house-price-growth-expected-to-remain-subdued/" aria-label="Read more about Housing market confidence improves, house price growth expected to remain subdued">Read more</a>

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Air New Zealand CEO says airline was dealt ‘tough cards’ as Seymour calls government to sell stakes

February 26, 2026

Source: Radio New Zealand Air New Zealand CEO Nikhil Ravishankar (left) says the airline was dealt ‘tough cards’ as Deputy Prime Minister David Seymour calls on the government to sell its stakes in the airline. RNZ/Supplied Air New Zealand chief executive says the airline has been dealt ‘tough cards’ and New Zealand First leader Winston ... <a title="Air New Zealand CEO says airline was dealt ‘tough cards’ as Seymour calls government to sell stakes" class="read-more" href="https://eveningreport.nz/2026/02/26/air-new-zealand-ceo-says-airline-was-dealt-tough-cards-as-seymour-calls-government-to-sell-stakes/" aria-label="Read more about Air New Zealand CEO says airline was dealt ‘tough cards’ as Seymour calls government to sell stakes">Read more</a>

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Another bank cuts rates, but should you take them?

February 26, 2026

Source: Radio New Zealand RNZ / Marika Khabazi Another bank has adjusted down its long-term rates, but borrowers deciding whether to take a longer term will need to weigh up a few factors. BNZ said it was reducing its three-year rate by 10 basis points to 4.99 percent, its four-year rate by 36 basis points ... <a title="Another bank cuts rates, but should you take them?" class="read-more" href="https://eveningreport.nz/2026/02/26/another-bank-cuts-rates-but-should-you-take-them/" aria-label="Read more about Another bank cuts rates, but should you take them?">Read more</a>

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ANZ headline business confidence down amid rising interest rates

February 26, 2026

Source: Radio New Zealand ANZ bank’s February survey showed headline confidence falling five points to a net 59 percent optimism level. RNZ / Cole Eastham-Farrelly ANZ headline business confidence down 5 points to net 59 percent optimism Firms’ own outlook edges higher to 52.6 pct, manufacturing most bullish ANZ puts the stumble down to the ... <a title="ANZ headline business confidence down amid rising interest rates" class="read-more" href="https://eveningreport.nz/2026/02/26/anz-headline-business-confidence-down-amid-rising-interest-rates/" aria-label="Read more about ANZ headline business confidence down amid rising interest rates">Read more</a>

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Perpetual Guardian purchases Trustees Executors for undisclosed sum

February 26, 2026

Source: Radio New Zealand Andrew Barnes, Perpetual Guardian founder. Supplied Estate planning, trust and investment manager Perpetual Guardian Group is stepping back into the corporate supervision market with the purchase of Trustees Executors Limited for an undisclosed sum. The companies are the oldest trustee institutions in the New Zealand, with histories stretching back more than ... <a title="Perpetual Guardian purchases Trustees Executors for undisclosed sum" class="read-more" href="https://eveningreport.nz/2026/02/26/perpetual-guardian-purchases-trustees-executors-for-undisclosed-sum/" aria-label="Read more about Perpetual Guardian purchases Trustees Executors for undisclosed sum">Read more</a>

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Fizz goes out of the beer industry as consumption keeps falling

February 26, 2026

Source: Radio New Zealand Unsplash / Bence Boros The fizz has gone out of the beer industry. Stats New Zealand numbers out Tuesday show beer consumption fell 10 percent to 265 million litres in the year ended December 2025. It’s part of a sustained downward trend in overall alcohol consumption, happening in New Zealand and ... <a title="Fizz goes out of the beer industry as consumption keeps falling" class="read-more" href="https://eveningreport.nz/2026/02/26/fizz-goes-out-of-the-beer-industry-as-consumption-keeps-falling/" aria-label="Read more about Fizz goes out of the beer industry as consumption keeps falling">Read more</a>

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Defence Force to test air, land, and sea drones from Mount Maunganui company

February 26, 2026

Source: Radio New Zealand Supplied The Defence Force is going to begin testing air, land and sea drones from a Mount Maunganui company. Syos Aerospace drones are used in Ukraine and it recently took another step towards helping develop ‘wingman drones’ for the UK’s Apache attack helicopters, including for strike and target acquisition The government ... <a title="Defence Force to test air, land, and sea drones from Mount Maunganui company" class="read-more" href="https://eveningreport.nz/2026/02/26/defence-force-to-test-air-land-and-sea-drones-from-mount-maunganui-company/" aria-label="Read more about Defence Force to test air, land, and sea drones from Mount Maunganui company">Read more</a>