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Air NZ customers should get refund choice - Consumer NZ
The consumer watchdog says it is not reasonable for Air New Zealand to deny customers refunds and offer them credits instead. While one customer claims the credit system is too complex. Audio
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Auckland house sales bounce back after lockdown
Auckland real estate agency Barfoot and Thompson is optimistic about the property market despite the economic fallout from Covid-19.
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Covid-19 'more challenging' than quake - Kaikōura tour operators
Kaikōura businesses are just managing to scrape by and prospects for the tourist town are grim if the border doesn't open to international visitors by summer.
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Synlait argues Pokeno factory is allowed to be there
The dairy company has argued in the Supreme Court that historic restrictions on its Pokeno plant are no longer relevant.
Business headlines with summaries.
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Government told to embrace digital technology in post-Covid recovery
Government infrastructure investment projects should be re-framed from being 'shovel ready' to being 'sensor ready', according to the Digital Council.
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Bunnings Warehouse confirms closure of 7 stores
Bunnings Warehouse has confirmed it will close seven stores by the end of the month, which has the union warning of possible legal action.
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More property listings expected when wage subsidy runs out - QV
The housing market is teetering on the edge, with the question being, how far will it fall, according to Quotable Value Limited.
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Countdown staff being given shares in company
Countdown operator Woolworths is giving shares to staff on both sides of the Tasman in recognition of their work through various crises over the past year.
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Forestry reform bill 'cumbersome and unworkable' - industry
There has been scathing criticism of the government's latest forestry reforms at a parliamentary select committee.
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Businesses cautiously optimistic about level 1
Talk of returning the country to a "new normal" has been welcomed with cautious optimism, but those who are eagerly awaiting a change warn the devil is in the detail.
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Japan bank to buy ANZ's finance subsidiary for $762m
ANZ Bank has finally found a buyer for its industrial and business finance lender UDC.
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Tourism businesses happy with long weekend, await level 1
Some businesses in tourism hot spots have had to turn away much-needed customers over the long weekend, to maintain social distancing requirements. Audio
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Vendors still expect record high prices for houses
Asking prices for houses are still hitting record highs in some regions, despite Covid-19, but the number of listings is down. Audio
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Tech company shareholders frustrated at low value
A group of Rakon shareholders are getting impatient with its undervaluation and want directors to put the company on the block.
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Tower plans to cut 108 jobs despite HY profit rise
The insurance company has posted a stronger half year profit than in 2019, but it is still planning on shedding 108 jobs to cover costs.
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Consumers slightly more confident this month
Consumer confidence has bounced back a little in the past month, but remains subdued as the country gets to grips with the Covid-19 economic crisis.
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Infratil posts $484m full year profit
The utilities investor says the result was partly due to the sale of an Australian windfarm, as well as a $154m contribution from Vodafone New Zealand.
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Tourism business in Queenstown, Taupō set to restart
Two Ngāi Tahu Tourism jet boating attractions are set to reopen within weeks cutting hundreds of jobs.
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Tourism will return to growth eventually - Tourism NZ modelling
Domestic tourism is unlikely to fill the gap left by international visitors, but new modelling shows it will help at least partially sustain the sector as it recovers.
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Business confidence rises, but remains bleak.
ANZ's monthly survey for May shows business confidence at a net 42 percent pessimism level, compared with 67 percent last month.
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Job numbers dropped by record 37,500 in April, Stats NZ says
Job numbers fell by a record 37,500 in April 2020, as Covid-19 effects and restricted trading began to impact on the economy, Stats NZ said today.
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Wellington airport reports strong full year profit
Wellington airport has posted a full year net profit of $28.9m, up almost 23 percent on last year.
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Massive new retailer expects to thrive despite pandemic
New furniture and homewares retailer Nido is optimistic about opening the doors to customers, despite launching during the Covid-19 downturn.
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Gyms and yoga studios struggling with lockdown blow
The body representing gyms and yoga studios says the next six months will be crucial in deciding how many stay open.
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GSK fined in Australia over Voltaren arthritis gel marketing
The makers of Voltaren pain gels have been fined $AU4.5 million by Australia's consumer watchdog for passing a product off as being more effective at relieving arthritis.
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Most want to continue working from home... at least sometimes
A new study of people working from home during lockdown shows nearly all would like to continue doing so, at least some of the time.
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Goodman Property Trust's profits fall with property values
Falling commercial property values have taken the shine off Goodman Property Trust's full year profit.
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Covid-19 debt levels: 'It's really about having a job'
The unemployment level is key to how much bad debt banks carry in the economic shock of Covid-19, the Reserve Bank governor says. Audio
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