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  • ComCom to appeal $2 million Steel & Tube fine

    The Commerce Commission will appeal a $2.009 million fine handed to Steel & Tube, arguing an excessive discount had been applied to the penalty.Last month Justice Duffy imposed the record $2m-plus fine on Steel & Tube in relation...Friday, September 20, 2019
  • NZ shares gain; index reweighting drives heavy trading in Kiwi Property, Kathmandu

    New Zealand shares rose in heavy trading as Kiwi Property Group and Kathmandu Holding gained on strong volumes, with the quarterly index reweighting driving traffic. The S&P/NZX 50 Index increased 28.34 points, or 0.3 per cent,...Friday, September 20, 2019
  • NZ dollar sags after avalanche of data and central bank action

    The New Zealand dollar was little changed but with a decidedly soft tone after a busy week for global central banks, data from China, Australia and New Zealand, and ahead of a local rate decision next week.The kiwi was trading at...Friday, September 20, 2019
  • Pushpay shares rise as cost-cutting upgrades earnings guidance

    Pushpay Holdings shares rise 2.7 per cent after it lifted earnings guidance for 2020 by stripping out costs. The digital church collection payment operator estimates earnings before interest, tax, depreciation, amortisation and...Friday, September 20, 2019
  • Fonterra to decide on chair's succession plan in 2020, Simon Israel steps down

    Fonterra said it would decide on a succession plan for chairmanship of the co-operative next year.The current chairman, John Monaghan, is due to retire as a director at the 2020 annual meeting."Having seen through the introduction...Friday, September 20, 2019
  • Spark's RWC bombshell to customers just before kick-off

    Auckland woman Michelle Pickles has been shocked to receive a letter from Spark, on the eve of the Rugby World Cup , that dropped the bombshell:"You recently took up our Broadband Plan offer, which included a Spark Sport Rugby...Friday, September 20, 2019
  • Is it worth upgrading to the iPhone 11? Depends what you have now

    When Apple unleashed the original iPhone in 2007, the world changed.Fast forward 12 years and now pretty much everyone is (distractedly) walking around with a super computer in their front pocket (or more likely, glued to their...Friday, September 20, 2019
  • CEO fired staff to cut costs, then threw a tequila-soaked in-office concert

    The billionaire founder of a successful start-up reportedly threw a tequila-soaked in-office concert moments after discussing cost-cutting layoffs with staff.A report from The Wall Street Journal revealed how WeWork CEO Adam Neumann...Friday, September 20, 2019
  • Colliers defends KiwiBuild as 'far from a colossal failure'

    KiwiBuild is "far from the colossal failure its political opponents have portrayed it to be," says prominent real estate agent Colliers.Its residential projects director, Pete Evans, says the construction industry needed time to...Friday, September 20, 2019
  • Airbnb says it will go public in 2020

    Airbnb Inc. said Thursday it plans to go public in 2020, a long-awaited move by the home-sharing company that is both loved and reviled for its disruption of the hotel business.Airbnb disclosed the news in a brief statement. It...Friday, September 20, 2019
  • Apple launches new iOS but users face 23-hour wait to get it

    Apple has launched its new iPhone operating system but you'll have wait around a day to get access to it.Attempts by users to download the iOS 13 system from the app store revealed a download time far longer than expected.One...Friday, September 20, 2019
  • Local Focus: Rotorua infrastructure hot topic in upcoming elections

    The debate over Rotorua's infrastructure is fast becoming a hot topic ahead of local body elections next week. Among the many issues up for discussion are accusations of council overspending on so-called "vanity" projects before...Friday, September 20, 2019
  • Huawei unveils speedy range of phones hit by Google ban

    COMMENT: Huawei has launched its Mate 30 and Mate 30 Pro, signalling the beginning of a new era in smartphones – and not just because they are the most advanced 5G phones yet.This is also the first phone affected by the US-China...Friday, September 20, 2019
  • Queenstown hospo boss blacklisted from rentals - because they have a baby

    A Queenstown hospo boss says he is "disgusted" after being turned down for 11 rentals because he has a baby.Several people other people in the resort say they too have been discriminated against for having kids.The issue's not...Friday, September 20, 2019
  • Fallen umbrella goes viral after locking workers out of office for days

    When tech worker Mike Ponticelli left his umbrella behind when he left work last Friday, he had no idea it would turn his office into "an unmanned panic room with no way in".The umbrella in question had been propped up against the...Friday, September 20, 2019
  • NZ shares gain; Restaurant Brands hit record

    New Zealand shares rose, led by a recovery in fuel retailer Z Energy and as Restaurant Brands New Zealand hit a record.The S&P/NZX 50 Index increased 26.2 points, or 0.2 per cent, to 10,801.05. Within the index, 22 stocks rose,...Thursday, September 19, 2019
  • Basket case: Countdown shopping baskets go walkabout as locals steal them

    A number of Countdown supermarkets are facing a shopping basket shortage as shoppers continue to take off with the prized carrier.West Auckland's Te Atatū is the latest to face a shortage with the store down to just four plastic...Thursday, September 19, 2019
  • Super Fund can expect lower returns over next decade - review

    The New Zealand Superannuation Fund has delivered excellent returns over the past five years, but should expect those to decline in the next decade, says an independent review.Global advisory firm Willis Towers Watson gave the Guardians...Thursday, September 19, 2019
  • NZ dollar mixed, buffeted by Fed talk

    The New Zealand dollar was mixed after a roller-coaster day of US central bank action and domestic and Australian data.The kiwi was trading weaker at 63.08 US cents at 5pm in Wellington from 63.22 cents at 7:50am. But the trade-weighted...Thursday, September 19, 2019
  • GDP data shows NZ economy continued to slow in June quarter

    New Zealand's gross domestic product (GDP) lifted by 0.5 per cent over the June quarter, for a 2.1 per cent gain over the same quarter of last year, but in line with a general slowdown in economic activity.The gain compares with...Thursday, September 19, 2019

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