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Retirement village contracts unfair - Consumer NZ
A consumer watchdog is calling for an overhaul of retirement village regulations to protect elderly residents from being ripped off. Audio
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Christchurch businesses returning to city centre
32 minutes agoCommercial real estate company Colliers says office vacancies are back to pre-earthquake levels as businesses are lured back into the city centre.
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Search for Villa Maria capital and investors begins, reports say.
1 Feb 2021The hunt for new capital and investors in long-established Auckland wine company Villa Maria has started, according to Australian media reports.
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Insurers face strict solvency requirements from Reserve Bank
1 Feb 2021Stronger scrutiny of the life insurance sector by the Reserve Bank has forced a retirement fund to suspend new memberships.
Business headlines with summaries.
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Fast-food company's full-year NZ sales down 4.3 percent
29 Jan 2021Restaurant Brands sales rose over the past year overseas, despite a significant drop in its New Zealand business.
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Share brokers emphasise education after 'activist' GameStop incident
29 Jan 2021Sharebrokers are focussing on educating clients in the aftermath of the GameStop market activity, which saw the price of shares in the US-based bricks and mortar retailer skyrocket at the expense of…
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Government deficit $543m less than forecast
29 Jan 2021Official figures show the government's deficit was $4.3 billion for the five months ended November, $546 million less than forecast in the December fiscal update.
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House market drives up spending and consumer confidence
A strong housing market and the reallocation of international holiday spending boosted consumer confidence over January.
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GameStop share trading frenzy - what's going on?
29 Jan 2021Users of popular US platforms for trading stocks are in an uproar after a curb on buying shares in games firm GameStop and other companies.
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Fonterra blames valve for spilling 170,000 litres of milk into sea
29 Jan 2021Fonterra is blaming an open valve for a spill of 170,000 litres of skim milk into the Tasman Sea from its Whareroa plant in Taranaki.
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Lending restriction increase expected
A 40 percent deposit requirement for investors could be officially mandated later in the year by the Reserve Bank, an economist says.
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NZ market feels effects of sudden Wall Street sell-off
The New Zealand market fell today in line with weakness sweeping global markets.
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'Pendulum is swinging back in favour of IPOs'
28 Jan 2021New Zealand's response to the pandemic has made made it a favourable target for merger and acquisition activity.
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Trustpower is exploring the possible sale of its retail business
28 Jan 2021Trustpower is the country's fifth largest electricity generator and the fourth largest retailer by market share.
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Unemployment figures expected to be higher in December quarter
10:12 am todayNew labour market data out this week is predicted to show a slightly higher unemployment rate, but that the worst of the jobs losses are behind us.
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'Bad words' lead to GameStop shares plunging
The GameStop saga has taken an unexpected twist, with shares plunging after an investor forum on Reddit closed temporarily.
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FMA slams NZX over cyber attacks, says it was slow to react
28 Jan 2021The Financial Markets Authority has strongly criticised the stock exchange for being ill prepared and slow to react to last year's cyber attacks.
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Buyers of multi-unit properties warned of insurance requirements
28 Jan 2021People buying into high-density housing are being told by the insurance industry to do due diligence before signing a contract.
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Large chain stores gain from pre-Christmas consumer spend
28 Jan 2021Large chain stores seem to have reaped much of the gains of the surge in consumer shopping in the run up to Christmas at the expense of small shops, according to new data.
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Auckland start up aims to digitise healthcare system
27 Jan 2021Tend has ambitious plans to deliver primary healthcare through digital applications as well as build up a stable of medical practices.
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Nelson business hopes to grow peanut economy
A Nelson-based business has kicked off a project to see whether peanuts can be grown commercially in Northland.
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New Zealand and China upgrade free trade agreement
The New Zealand and Chinese governments have signed an upgrade to the free trade agreement between the two countries.
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Services sector adds jobs for the first time in 10 months
26 Jan 2021The services sector is adding jobs for the first time in 10 months but the outlook remains uncertain.
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Shake-up of trusts about to come into force
26 Jan 2021New laws covering the governance of trusts comes into effect at the end of the week and promises to be the biggest shake-up in the sector in decades.
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High dairy prices push up Synlait payout forecast by 13%
26 Jan 2021Speciality dairy company Synlait Milk is lifting its milk payout forecast by nearly 13 percent following strong world prices.
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Cyber attack on net safety firm potential risk to Kiwi customers
25 Jan 2021An international internet safety company says it's been attacked, potentially putting New Zealand customers at risk.
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NZ group cautions US to not turn climate change into 'tit-for-tat tariff war'
A proposal by the United States to tariff goods on countries which don't meet their climate goals would be too complex to implement, a group representing NZ exporters says.
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Coca-Cola Amatil NZ to repay millions from Covid-19 wage subsidy
25 Jan 2021The New Zealand arm of Coca-Cola Amatil will repay the $7.2 million it received through the Covid-19 wage subsidy scheme.
