Dairy prices continue to surge at latest auction

The strong start to 2021 for dairy prices in the Global Dairy Trade auction has continued overnight, with a 4.8 per cent lift across the board. The increase is the fifth in a row and falls hot on the heels of 3.9 per cent earlier... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments

Auckland murder: Victim Elizabeth Zhong's vineyard company Carrick Wines $12m in debt

An Otago vineyard owned by a murdered Auckland woman owed more than $12 million when it went into receivership.Carrick Wines Ltd, in Bannockburn, was owned by 55-year-old Elizabeth Zhong, who was found dead in the boot of her car... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments

Cryptocurrency scheme promoter issued stop now letter by NZ regulator

A woman has been asked to stop promoting a cryptocurrency multi-level marketing scheme which the Commerce Commission believes is likely to be a pyramid selling scheme.The commission has issued a stop now letter to Shelly Cullen... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments

Central Hawke's Bay house prices double in 10 years

House prices in Central Hawke's Bay have more than doubled in 10 years to an average asking price of $545,967 at the end of 2020. That represents a 108 per cent increase since January 2011 when the average asking price was $262,321,... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments

Air NZ tops the pile of nation's most complained about companies

The Commerce Commission has revealed the companies most complained about in the year to June 2020. A document from the Commerce Commission shows Air New Zealand at the top of the pile, with 329 complaints.The pandemic had a severe... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments

Eftpos outage hits retailers in busy lunchtime rush across North Island

Shoppers were left queuing at money machines to pay for goods after the Eftpos system crashed across parts of the North Island at lunchtime today. Electronic transaction company Paymark reported a 10-minute outage that left electronic... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments

Turners Automotive upgrades 2021 earnings guidance

Turners Automotive has upgraded its 2021 annual earnings forecast for the second time in a row, led by its finance wing.The company, which is involved in car auctions, vehicle finance and insurance, now expects its net profit to... Source: NZ Herald Business News

By | January 19th, 2021|Business|0 Comments

Covid 19 coronavirus: Josh Emett's plea to overseas Kiwi chefs – 'Come home, I'll pay some of your airfare'

Celebrity chef Josh Emett is pleading for Kiwi chefs overseas to come home and is offering to pay part of their airfare back to New Zealand.Emett, who runs popular Auckland restaurants The Oyster Inn and Onslow, says many hospitality... Source: NZ Herald Business News

By | January 18th, 2021|Business|0 Comments

Covid 19 coronavirus: Shortage of plumbing, electrical and glass supplies

A shortage of building supplies is preventing the construction sector from delivering projects on time and within budget.Plumbing, electrical and glass suppliers are reporting difficulties getting their hands on basic materials... Source: NZ Herald Business News

By | January 18th, 2021|Business|0 Comments

Analysis: Water becomes a commodity

ANALYSIS: Will 2021 be the year the world really values water?If Wall Street sets the tone, it will be.For almost 230 years, agricultural commodities have been bought and sold in New York's finance district.And now the Nasdaq... Source: NZ Herald Business News

By | January 18th, 2021|Business|0 Comments