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Xero reports record full‑year revenue, despite fall of net profit

May 14, 2026

Source: Radio New Zealand Xero said the deal weighed on statutory profit as the company moved from a net cash to a net debt position. RNZ Xero has reported record full‑year revenue, even as net profit fell due to acquisition costs. Key numbers for the year ended March compared with a year ago: Net profit ... <a title="Xero reports record full‑year revenue, despite fall of net profit" class="read-more" href="https://eveningreport.nz/2026/05/14/xero-reports-record-full-year-revenue-despite-fall-of-net-profit/" aria-label="Read more about Xero reports record full‑year revenue, despite fall of net profit">Read more</a>

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Small recovery for New Zealand’s net migration numbers in year to March

May 14, 2026

Source: Radio New Zealand 123RF New Zealand continues to see a small recovery in its net migration numbers. Statistics New Zealand said New Zealand had a net gain of 24,200 migrants in the year to March, up from 14,000 in the same period last year. That is still well down on the recent peak, which ... <a title="Small recovery for New Zealand’s net migration numbers in year to March" class="read-more" href="https://eveningreport.nz/2026/05/14/small-recovery-for-new-zealands-net-migration-numbers-in-year-to-march/" aria-label="Read more about Small recovery for New Zealand’s net migration numbers in year to March">Read more</a>

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New power firm wants to give customers access to wholesale electricity market

May 14, 2026

Source: Radio New Zealand RNZ A new energy provider wants to shake up things up by offering consumers access to the wholesale electricity market, and is promising full price transparency. PowerHub said it would replace traditional retailer margins with a wholesale rate plus 10 percent pricing model. Exposure to the wholesale electricity market may sound ... <a title="New power firm wants to give customers access to wholesale electricity market" class="read-more" href="https://eveningreport.nz/2026/05/14/new-power-firm-wants-to-give-customers-access-to-wholesale-electricity-market/" aria-label="Read more about New power firm wants to give customers access to wholesale electricity market">Read more</a>

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Cost-of-living pressure bites housing market

May 14, 2026

Source: Radio New Zealand The Real Estate Institute says the number of sales fell 7.9 percent year-on-year in April. RNZ Cost-of-living pressure has started to hit the housing market. The Real Estate Institute says that its data for April is the first clear sign that the weight of cost-of-living pressures such as higher fuel costs, ... <a title="Cost-of-living pressure bites housing market" class="read-more" href="https://eveningreport.nz/2026/05/14/cost-of-living-pressure-bites-housing-market/" aria-label="Read more about Cost-of-living pressure bites housing market">Read more</a>

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Air New Zealand expecting full-year loss of nearly $400m due to jet fuel costs

May 14, 2026

Source: Radio New Zealand A Boeing Dreamliner 787-9, from the Air New Zealand fleet. Supplied/ Air NZ Air New Zealand says it’s expecting a full-year loss of between $340m and $390m due to the soaring cost of jet fuel. The airline expected fuel costs in the second half of its financial year to be $980m, ... <a title="Air New Zealand expecting full-year loss of nearly $400m due to jet fuel costs" class="read-more" href="https://eveningreport.nz/2026/05/14/air-new-zealand-expecting-full-year-loss-of-nearly-400m-due-to-jet-fuel-costs/" aria-label="Read more about Air New Zealand expecting full-year loss of nearly $400m due to jet fuel costs">Read more</a>

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Te Atiawa opens high-end development on former colonial parade ground

May 14, 2026

Source: Radio New Zealand The crowds went through each home to bless them for their new owners. RNZ / Robin Martin Te Atiawa has opened a high-end townhouse development on an inner-city site in New Plymouth where colonial troops once assembled for inspection. Pukekura / The Parade features 36 two-storied two and three-bedroom homes, located ... <a title="Te Atiawa opens high-end development on former colonial parade ground" class="read-more" href="https://eveningreport.nz/2026/05/14/te-atiawa-opens-high-end-development-on-former-colonial-parade-ground/" aria-label="Read more about Te Atiawa opens high-end development on former colonial parade ground">Read more</a>

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I thought I was a bad investor, Sharesies didn’t agree

May 14, 2026

Source: Radio New Zealand Supplied/123rf First person – A little while ago, I wrote about my fairly dismal returns investing in Sharesies. I started on the platform in 2017 and to date, have a simple return of 28.14 percent. That’s well below what I could have achieved in a managed fund. Sharesies say it calculates ... <a title="I thought I was a bad investor, Sharesies didn’t agree" class="read-more" href="https://eveningreport.nz/2026/05/14/i-thought-i-was-a-bad-investor-sharesies-didnt-agree/" aria-label="Read more about I thought I was a bad investor, Sharesies didn’t agree">Read more</a>

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Trades or degrees for higher pay? Here’s the data that shows you

May 14, 2026

Source: Radio New Zealand The government wants to redirect some of the funding it has been using for the ‘fees-free’ university scheme into trades training. Supplied/ UCOL Does having a degree pay off? The government wants to redirect some of the funding it has been using for the ‘fees-free’ university scheme into trades training. Prime ... <a title="Trades or degrees for higher pay? Here’s the data that shows you" class="read-more" href="https://eveningreport.nz/2026/05/14/trades-or-degrees-for-higher-pay-heres-the-data-that-shows-you/" aria-label="Read more about Trades or degrees for higher pay? Here’s the data that shows you">Read more</a>

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PM promising solution to immigration problem that doesn’t exist, demographer says

May 14, 2026

Source: Radio New Zealand Sociologist Paul Spoonley RNZ / Cole Eastham-Farrelly A demographer believes the prime minister is promising a solution to an immigration problem that does not exist. Christopher Luxon has told business leaders immigration was an emerging political issue and to expect “careful” immigration policy from National – and that the party would ... <a title="PM promising solution to immigration problem that doesn’t exist, demographer says" class="read-more" href="https://eveningreport.nz/2026/05/14/pm-promising-solution-to-immigration-problem-that-doesnt-exist-demographer-says/" aria-label="Read more about PM promising solution to immigration problem that doesn’t exist, demographer says">Read more</a>

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Landslides result in more claims than any other natural hazard

May 13, 2026

Source: Radio New Zealand A landslide on a Kingston street in Wellington, April 2026. RNZ / Mark Papalii The Natural Hazards Commission [NHC] is now receiving more claims for damage from landslides than for any other natural hazard. NHC received almost 13,000 claims for damage from landslides in the last five years, 10,000 more than ... <a title="Landslides result in more claims than any other natural hazard" class="read-more" href="https://eveningreport.nz/2026/05/13/landslides-result-in-more-claims-than-any-other-natural-hazard/" aria-label="Read more about Landslides result in more claims than any other natural hazard">Read more</a>

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Higher inflation, greater unemployment and weaker growth expected – RBNZ survey

May 13, 2026

Source: Radio New Zealand Inflation is expected to hit 3.41 percent in the year ahead, from 2.59 percent forecast in the previous survey. RNZ / Quin Tauetau RBNZ survey shows a more pessimistic view of the economy Weaker growth, higher inflation and unemployment, and a cash rate rise are expected in the near term Key ... <a title="Higher inflation, greater unemployment and weaker growth expected – RBNZ survey" class="read-more" href="https://eveningreport.nz/2026/05/13/higher-inflation-greater-unemployment-and-weaker-growth-expected-rbnz-survey/" aria-label="Read more about Higher inflation, greater unemployment and weaker growth expected – RBNZ survey">Read more</a>

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AIA Insurance pays out $790 million in claims in past year

May 13, 2026

Source: Radio New Zealand AIA insurance building in Takapuna, Auckland. RNZ / Paris Ibell Health and wellbeing insurer AIA has paid out a total of $790 million in claims over the past year, including a 12 percent increase in income protection payouts. Still, total claims paid in 2025 were down 4.7 percent on 2024’s $829.6m, ... <a title="AIA Insurance pays out $790 million in claims in past year" class="read-more" href="https://eveningreport.nz/2026/05/13/aia-insurance-pays-out-790-million-in-claims-in-past-year/" aria-label="Read more about AIA Insurance pays out $790 million in claims in past year">Read more</a>