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22 Jan 2021

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Prime Minister Jacinda Ardern promised to fix the housing crisis - and our readers had a lot to say about it
On Thursday morning, Prime Minister Jacinda Ardern declared that fixing New Zealand's housing crisis " is a key focus of this Government ".Ardern made the pledge at a Nelson press conference where she gave details about the Government's...

Coca-Cola NZ to repay millions from Covid 19 wage subsidy
By RNZ The New Zealand arm of Coca-Cola will repay the $7.2 million it received through the Covid-19 wage subsidy scheme.Coca-Cola Amatil, which is listed on the Australian stock exchange, confirmed while its New Zealand business...

Reserve Bank says it now knows scope of data theft
The Reserve Banks says its investigation into a data breach over Christmas has "significantly progressed."Governor Adrian Orr said in a statement this afternoon: "With the assistance of New Zealand and international police, and...

Coca-Cola Amatil New Zealand to repay $7.2 million wage subsidy
Despite a 30 per cent drop in revenue during the first lockdown, business has since recovered for the soft drink company.

Consumer NZ calls Instachill air cooler 'at best, pointless' in NZ climate
Evaporative coolers push moisture into the air and are designed for deserts, not a damp climate where they could worsen mould, Consumer NZ says.

More doubt over interest rate cuts after inflation surpises at 1.4%
More doubt builds that further interest rate cuts are coming as inflation tops all major forecasts.

Donald Trump's Facebook ban could be lifted by Oversight Board
Facebook has referred its decision to suspend Donald Trump to its independent Oversight Board, opening the possibility that the former president's ban could be overturned.The social media giant indefinitely blocked Mr Trump's ability...

Fisher & Paykel Healthcare profit surges on Covid demand
Fisher & Paykel Healthcare, now New Zealand's largest listed company, continues to profit from the Covid-19 pandemic with operating revenue up 73 per cent over the past nine months. And it now expects revenue and net profit for...

Live cattle exports: Napier Port sees off another livestock carrier but for how much longer?
Napier Port is the latest to host a ship loading New Zealand live cattle for China - but it's not guaranteed the port will continue to facilitate the controversial trade in future.A spokesman for the NZX-listed company, responding...

Steel & Tube Holdings Limited (NZX: STU) Appoints CFO
Steel & Tube Holdings Limited is pleased to announce the appointment of Richard Smyth as Chief Financial Officer, commencing on 27 April 2021

Google threatens to disable search in Australia if media code becomes law
Google Australia managing director Mel Silva told a Senate inquiry that the company would have �no real choice� but to shut down Google Search in Australia if the laws passed.

25 year-old man jailed for more than two years for GST fraud
False claims backed up by forged documents, but department accessed the originals.

Sales of retirement units boost Oceania profit
Retirement village operator bounces back from from difficult Covid loss.

NZ CPI inflation hit 1.4% in 2020, above expectations
New Zealand inflation hit 1.4 per cent over calendar 2020, Stats NZ said.Market expectations were for a 1.1 per cent gain.For the quarter, the CPI rose by 0.5 per cent, driven by higher transport and accommodation costs.Transport...

Donald Trump's business empire took a serious hit last year, disclosure shows
Former US president Donald Trump is returning to a family business ravaged by pandemic shutdowns and restrictions, with revenue plunging more than 40 per cent at his Doral golf property, his Washington hotel and both his Scottish...

Mercury revises up annual earnings forecast on better hydro
Power generator and retailer Mercury said it had revised its operating earnings guidance upward for the current year to June thanks to an increase in hydro generation and a strong trading performance.The company now expects to report...