Ads offer thousands of dollars for participation in clinical trials

Advertisements running on New Zealand radio stations have been offering New Zealanders thousands of dollars to participate in clinical trials.The ads from firm Auckland Clinical Studies (ACS) encourage listeners to send in a text... Source: NZ Herald Business News

By | September 25th, 2020|Business|0 Comments

Hallenstein Glasson's net profit drops but sales steady thanks to online shoppers

Hallenstein Glasson Holdings says it was able to maintain sales despite store closures and the disruption of the Covid-19 pandemic due to a spike in online shoppers.The retail company today released its results for the full year... Source: NZ Herald Business News

By | September 25th, 2020|Business|0 Comments

Sir Stephen Tindall to step down from The Warehouse board

Sir Stephen Tindall will step down from the board of The Warehouse, which he founded.The Warehouse said Tindall, the company's biggest shareholder, and other long-standing director Keith Smith, are retiring by rotation and will... Source: NZ Herald Business News

By | September 25th, 2020|Business|0 Comments

Export boom and import plunge drives big trade surplus

The Covid-19 pandemic continues to push New Zealand's trade balance into positive territory.In fact, the country recorded its largest trade surplus since 2014 - the height of the last dairy boom.But today's figures - a $1.3 billion... Source: NZ Herald Business News

By | September 24th, 2020|Business|0 Comments

Auckland restaurant Saaj Indian Cuisine ordered to pay nearly $50,000 for exploiting migrant worker

An Auckland restaurant and its owners have been ordered to pay nearly $50,000 in penalties and unpaid wages to a migrant worker.The Employment Relations Authority (ERA) found Dansan Investments Ltd, which operates as Saaj Indian... Source: NZ Herald Business News

By | September 24th, 2020|Business|0 Comments

Westpac hit with A$1.3 billion fine for Austrac scandal

Westpac has been forced to cough up more than a billion dollars in penalties to the financial crimes watchdog for making 23 million financial law breaches in 2019.Australia's second-largest bank has been ordered to pay Austrac A$1.3... Source: NZ Herald Business News

By | September 24th, 2020|Business|0 Comments

Kiwibank to pay out $5.2m to 48,000 Kiwis after 'system failure'

Kiwibank is to pay out $5.2 million to over 48,000 home loan borrowers after it reached a settlement agreement with the Commerce Commission over a self-reported system failure.The commission said in a statement it had reached an... Source: NZ Herald Business News

By | September 23rd, 2020|Business|0 Comments

Qantas selling Boeing 747 Jumbo jet bar carts – fully stocked

Qantas is selling 1000 Qantas 747 galley carts stocked with a range of items from champagne and Australian red and white wine to snacks and pyjamas.The bar carts are from the airline's recently retired Jumbo aircraft before they... Source: NZ Herald Business News

By | September 23rd, 2020|Business|0 Comments

Wealth tax 'a bottom line' for a Greens-Labour Government: Genter

A fracture has been riven into the Greens-Labour Party relationship after the Greens demanded a wealth tax be part of any future coalition government agreement.The Greens' election policies include a plan to make Kiwis with a net-worth... Source: NZ Herald Business News

By | September 23rd, 2020|Business|0 Comments

Entrust dividend for Auckland households plunges 25% after Vector payout tax change

Entrust's annual dividend has tumbled to $280 for 340,500 Auckland households after they got $375 last year.The community trust is the majority owner of electricity and gas lines company Vector, and will pay out the dividend from... Source: NZ Herald Business News

By | September 23rd, 2020|Business|0 Comments