Business

The ante has been upped in the Trade Me takeover battle, with London-based Apax Partners increasing its bid from $2.54b to $2.56b - matching the bid of US firm Hellman & Friedman.

You wouldn’t recognise it from the old days. Following a multi-million dollar renovation, Queenstown’s Aspen Hotel has jumped star ratings and this week was rebranded ‘Kamana Lakehouse’.

A Queenstown hotel’s lifting its minimum wage to $20 an hour in a possible first for the local hotel industry.

Christmas plans for tens of thousands of people may become clearer tomorrow when Air New Zealand and union officials meet.

The Catlins Brewery at Kaka Point could soon be upgraded. Director and head brewer Norm MacLeod has lodged an application for an off-licence for his brewery, which would allow him to sell his bottled craft beer from the site.

Dunedin's residential property market is running so hot premiums of $100,000 above house price expectations have been paid to secure properties, according to city real estate agents.

The use of capital value (CV) as a measurement of what homes may be worth is a grey area for both sellers and buyers and most real estate agents see little relevance in CV data.