AGP Executive Report
Last update: 6 hours agoBanking: Revolut has secured Reserve Bank registration as New Zealand’s 27th bank, opening the door to savings accounts and credit cards as it takes on established lenders. Dairy: Production reached a record 2.02 billion kilograms of milksolids in 2025/26, up 4.5% on the previous season, even as herd numbers edged lower. Clean energy: Solar company Sunergise plans to buy Infratec NZ, combining commercial solar expertise with utility-scale generation and battery storage. Separately, NZ-owned Lightyears secured $174 million from Japanese and Australian investors to build solar projects. Transport: Electric and plug-in hybrid registrations jumped 174% year on year in October, reaching 22.7% of new light-vehicle registrations as fuel costs stayed high. Housing: Annual consents rose, led by standalone homes, but townhouse, flat and unit approvals fell 20% year on year in September. Business disruption: A Spark-Paymark connectivity failure forced some South Island businesses to take cash; service has since been restored.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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