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14 May 2021

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NZX 50 dips 1 per cent as it follows Wall Street lower, a2 Milk resumes slide
The New Zealand sharemarket had its fourth loss this week, after renewed inflation fears hit US markets.

NZ stonemasons exposed to silica dust in Aus urged to seek compensation
A Lower Hutt man who got lung disease working engineered stone in Aus says affected Kiwis may be eligible for big compo payments.

Calls for mandatory sunscreen standard after US lab admits fraud
Medical association says Kiwis having fun in the sun shouldn’t have to feel the burn from suspect sunscreens.

Is the housing market losing steam? Economists disagee
Despite record prices in many regions, economists disagree over where the market will go next.

Live: PM speaks to media after announcing she will lead delegation to Australia in July
Announced in a pre-Budget speech to business leaders, the early July visit will be New Zealand’s first overseas delegation visit since the emergence of Covid-19.

Xero walloped on result
Xero shares tumbled 11 per cent to A$120.68 as the ASX opened on news that full-year profit fell short of analysts' expectations and of slowing growth in new subscribers in several markets.The ASX200 was down 0.4 per cent, the ASX...

Food prices spike as tomato glut ends, minimum wage rises
Whether you ate at home or in a restaurant, a meal cost more in April.

Watch live: Jacinda Ardern to lead delegation to Australia in July
Jacinda Ardern is speaking at a business lunch at Eden Park ahead of Budget 2021 being delivered.

'Innocent people can and do rot in jail': Convicted businessman makes desperate plea for help ahead of sentencing
A prominent businessman has seemingly made a desperate plea for support to avoid prison ahead of his sentencing for indecent assault and trying to bribe one of his victims.The wealthy Kiwi was found guilty by a High Court jury...

Local Focus: Small loans can make a big difference for Māori business
A groundbreaking initiative is aimed at revitalising the Māori economy through the power of koha. Indigishare was developed during lockdown to help Māori businesses by developing a more sustainable economic model. It includes...

Concerns rise that higher inflation won't be temporary
4.2pc jump in US consumer price index sends out ripples to NZ.

PM Jacinda Ardern will lead delegation to Australia in July
Announced in a pre-Budget speech to business leaders, the early July visit will be New Zealand’s first overseas delegation visit since the emergence of Covid-19.

What They're Not Telling You About the Colonial Pipeline Cyberattack
No matter how you feel about controversial topics like hydraulic fracturing, horizontal drilling, or the extensive 2.6 million miles of oil and natural gas pipeline network

Streetwear store Culture Kings to make million-dollar debut at Sylvia Park
An Australian streetwear company with a cult following, Culture Kings, will open its first international store at Auckland's Sylvia Park in July.

Virgin Australia further delays re-entering most New Zealand destinations
Virgin Australia has again deferred returning to most New Zealand routes because of a weak demand outlook.The airline had already pushed out a planned return to most transtasman routes from June to October but today has not put...

Takeover target Tilt's earnings drop as wind levels fall
Takeover target Tilt Renewables' annual operating profit fell by 36 per cent in what the company said was a transitional year.The wind farm specialist sold its 270 megawatt Snowtown 2 Wind Farm, near Adelaide, in the previous year...

Repeated failure to lodge bonds results in $23,500 fine for property managers
Prime Rentals was found to have breached its obligations in relation to the bond payments from 23 different tenancies.

SFO charges six people in Labour Party donations case
The Serious Fraud Office has laid charges after an investigation into donations made to the Labour Party in 2017.The agency filed criminal charges yesterday against six people in relation to a donation made to the Labour Party."The...