Power outages: Mercury, Genesis offering credit after power cuts

By RNZ People who went without electricity in Monday night's power cuts are being told by power companies Mercury and Genesis that they have a legal right to compensation.Transpower has apologised after it asked lines companies... Source: NZ Herald Business News

By | August 11th, 2021|Business|0 Comments

Covid restrictions help drive NZ greenhouse gas emissions down 4.5%

Covid-19 restrictions drove New Zealand's greenhouse gas (GHG) emissions down by 4.5 per cent in the year to March - their lowest point in seven years - Stats NZ said.The department said the year was one of "significant upheaval"... Source: NZ Herald Business News

By | August 10th, 2021|Business|0 Comments

ASB full-year profit up 39 per cent to $1.32 billion

Strong lending has helped boost ASB's profit with the bank seeing a 39 per cent rise in its statutory net profit after tax to make $1.321 billion for the year to June 30.While the bank's cash net profit rose 34 per cent to $1.295b.... Source: NZ Herald Business News

By | August 10th, 2021|Business|0 Comments

Westpac warned after failing to comply with anti-money laundering rules

The Reserve Bank has issued a formal warning to Westpac bank for failing to comply with anti-money laundering rules.The central bank said Westpac's internal systems failed to detect and report almost 8000 corporate transactions... Source: NZ Herald Business News

By | August 10th, 2021|Business|0 Comments

Auckland startup Portainer makes Forbes' global Cloud 100 Rising Stars list

Auckland software startup Portainer has a Forbes' ranking of the hottest cloud companies.The Hobsonville Pt firm was named as one of 20 Rising Stars in cloud software - an adjunct to the iconic American business title's annual "The... Source: NZ Herald Business News

By | August 10th, 2021|Business|0 Comments

House value growth slows 2.3%, market 'clearly cooling': new QV House Price Index

National house price growth slowed 2.3 per cent last month compared to the latest quarter from May to July, according to the QV House Price Index.David Nagel, QV general manager, said New Zealand house values which were rising at... Source: NZ Herald Business News

By | August 10th, 2021|Business|0 Comments

Grace Millane murder: Leo Molloy loses appeal over conviction for Jesse Kempson suppression breach

Auckland businessman Leo Molloy has lost an appeal to quash his conviction for breaching a court suppression order when he named Grace Millane's murderer online.But the Auckland mayoral candidate says he still maintains the moral... Source: NZ Herald Business News

By | August 10th, 2021|Business|0 Comments

Power outages: Genesis is being 'scapegoated' by Energy Minister Megan Woods, CEO says

Genesis boss Marc England has rejected claims New Zealand had enough power to handle the unprecedented demand last night, but that commercial decisions had caused widespread outages. Energy and Resources Minister Megan Woods said... Source: NZ Herald Business News

By | August 10th, 2021|Business|0 Comments

Tauranga startup LawVu raises $17m for US push

Tauranga legal software startup LawVu has raised $17 million in a Series A round led by New York-based venture capital firm Insight Partners with support from Australia's AirTree Ventures.The chunky raise follows the May revelation... Source: NZ Herald Business News

By | August 10th, 2021|Business|0 Comments

Accountant jailed for stealing $2m from boutique fashion company Bettie Monroe

When the owners of a boutique New Zealand clothing label hired an accountant to help with their profitable and expanding business they didn't expect $2 million to disappear.After several years they discovered their accountant was... Source: NZ Herald Business News

By | August 10th, 2021|Business|0 Comments