ASB Bank has bought a significant stake in a technology start-up which it thinks will bring benefit to its business customers.

Property for Industy says it's had a good first half with strong gains in the value of its property portfolio and above average market rents.

The gloom plaguing the manufacturing sector shows no sign of infecting the services sector where activity has reached its highest level since the beginning of the year.

A brief update of movements in the financial sector.

ASB Bank chief economist Nick Tuffley says NZ and the world not headed for recession, and last week's market ructions were an overreaction. MBIE tells businesses treat staff well or consumers will desert you. And how financial markets will start of the week.

A brief update of movements in the financial sector.

News from the business sector, including a market report.

For the latest from the markets we're joined by Belinda Stanley of Craigs Investment Partners.

Commercial property developer, Precinct Properties, says strong rental income and demand is boosting earnings even though property revaluation gains are slowing.

A major spike in profit isn't enough to lift the jeweller, Michael Hill International, out of the retail doldrums.