Retailers upbeat following OCR cut
Retailers upbeat following OCR cut
Shopkeepers might have high hopes for an economic turnaround and better sales, but the data indicates otherwise.
Business
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Distillery’s gin still top tipple
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Distillery’s gin still top tipple
A Dunedin gin distillery is "thrilled" to have been named best in class at a national awards - for the fourth time in a row.
Reserve Bank cuts OCR to 3 percent
Reserve Bank cuts Official Cash Rate cut to 3 percent
The Reserve Bank has cut the the Official Cash Rate by 25 basis points to a three-year low of 3 percent, as expected.
Dunedin store closes as national chain fails
National appliance chain Kitchen Things in receivership
A national kitchen appliance chain with a Dunedin branch has gone into receivership because of weak consumer demand and tough competition.
UK drops 'backdoor' mandate for Apple: spy chief
UK drops 'backdoor' mandate for Apple: spy chief
Britain has dropped its demand for iPhone maker Apple to provide a "backdoor" that would have enabled access to protected encrypted data of US citizens.
Govt accepts 'Price it Right' petition
Govt accepts 'Price it Right' petition
Economic Growth Minister Nicola Willis has accepted Consumer NZ's 'Price It Right' petition for accurate supermarket pricing.
Open Country to buy Mataura Valley Milk
Open Country to buy Mataura Valley Milk
Talley's Group-owned Open Country — New Zealand’s second-largest milk processor — has entered into a conditional agreement with the shareholders of Mataura Valley Milk to buy the business.
Stuff staff vote to strike over collective deal
Stuff staff vote to strike over collective deal
Staff at media company Stuff have voted to take strike action.
Bread, milk price increases show pressure still on
Bread, milk price increases show pressure still on
Food prices are rising but people ducking out for a pint of milk or loaf of white bread have been especially hard hit by increases in the last year.
Major shake-up of building consents
Major shake-up of building consents
Building and Construction Minister Chris Penk says the consents regime is "sluggish" and holding the sector back.
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Decision made to close flood-damaged bookshop
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Decision made to close flood-damaged bookshop
A burst pipe has washed away a Dunedin bookshop owner’s childhood dream and forced her business to close for good.
Call to let tourists over 35 work in NZ
Call to let tourists over 35 work in NZ
The age for New Zealand's working holiday visas should be raised to 50 to help hike international visitor numbers, a tourism operator says.
How to manage responses to stress and conflict
How to manage responses to stress and conflict
As a business owner or leader, you’re no stranger to conflict, whether it’s hearing something uncomfortable or delivering a message others may not want to receive.
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Commercialising clinical technology new aim for Christchurch company
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Commercialising clinical technology new aim for Christchurch company
Christchurch company MARS Bioimaging has opened the door for more investors to reach a capital raise target of $10 million for getting its colour CT scanners into medical clinics.
Air NZ's online payment system down
Air NZ's online payment system down
Air New Zealand customers are unable to make online bookings due to a problem with the company's online payment system.
Cost of scrapping ferry deal revealed
Cost of scrapping ferry deal revealed
The bill is now $671 million, after another $144m was added to the scrapped iReX ferry project cost.
House prices up 11%: report
House prices up 11%: report
Otago's housing market is warming up in the winter chill as median prices rise 11% to reach $730,000.
MTF targeting more lending to businesses
MTF targeting more lending to businesses
MTF is attributing an increase in business lending to its local, human-led finance model.
Job losses 'inevitable' in cruise industry slump
Job losses 'inevitable' in cruise industry slump
The cruise sector hopes crisis talks at this year's industry conference will help chart a course through rocky financial waters.
Commerce Commission warning for Kmart over greenwashing
Commerce Commission warning for Kmart over greenwashing
The Commerce Commission has warned national retailer Kmart NZ over an environmentally friendly claim likely to mislead consumers.
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