Nestle to buy Auckland health supplements firm The Better Health Company

By RNZ One of the world's biggest food companies, Nestle, is to buy local health supplements maker The Better Health Company.The Auckland-based company makes and sells vitamins, minerals and supplements through pharmacies and... Source: NZ Herald Business News

By | June 29th, 2022|Business|0 Comments

Student captures spectacular image of Rocket Lab's moon shot

Auckland University cosmology PhD student Yourong "Frank" Wang captured the above long-exposure image as a Rocket Lab Electron took off from Mahia at 9.55pm last night.Wang, who travelled to Gisborne to capture the image, called... Source: NZ Herald Business News

By | June 28th, 2022|Business|0 Comments

Continuous Disclosure: Recession is not inevitable – why we shouldn't hike rates too far

Stock markets have slumped into bear territory but inflation is still rising.The only way out is to hike interest rates until we're in recession, right?Not necessarily, says Fisher Funds senior portfolio manager David McLeish.In... Source: NZ Herald Business News

By | June 28th, 2022|Business|0 Comments

Bank profits hit another quarterly record but face tougher time ahead

Bank profits are yet to show the direct impact from the "dark clouds" threatening the economy with another record quarter for profits.KPMG's quarterly Financial Institutions Performance Survey shows banks collectively made $1.74... Source: NZ Herald Business News

By | June 28th, 2022|Business|0 Comments

Air New Zealand reveals biggest cabin overhaul in 20 years, new seats and Skynest is coming

Air New Zealand's Dreamliners are undergoing the airline's biggest cabin transformation in almost 20 years.The airline's new planes will be fitted with new-style seats throughout and will have an ultra-luxe business class area,... Source: NZ Herald Business News

By | June 28th, 2022|Business|0 Comments

Transpower warns of low electricity generation tonight after less wind power available

Transpower has asked for more power to be generated to avoid disruption to Kiwis' electricity supply this evening.This afternoon, the transmission company issued a notice to the electricity industry advising that there was a low... Source: NZ Herald Business News

By | June 28th, 2022|Business|0 Comments

Political figure loses suppression appeal against media in former rich-lister's sex case but may seek Supreme Court date

A political figure has again lost a legal argument to prevent the Herald and other media from naming them after being mentioned during a businessman's high-profile sex and corruption trial last year.Today, the Court of Appeal released... Source: NZ Herald Business News

By | June 28th, 2022|Business|0 Comments

TVNZ avoids questions over Eat Well for Less Ganesh Raj's suitability to host show

State broadcaster TVNZ and celebrity chef Ganesh Raj won't answer questions over the appropriateness of him hosting Eat Well for Less - a show aimed at helping people save money - while his business owes more than $1 million to the... Source: NZ Herald Business News

By | June 28th, 2022|Business|0 Comments

Electricity Authority clears Genesis, Contact after August 9 power cut

The Electricity Authority (EA) has cleared power generators Genesis Energy and Contact Energy of any wrongdoing arising from the August 9 power cut, which left 34,000 customers without electricity in the midst of a cold snap.The... Source: NZ Herald Business News

By | June 28th, 2022|Business|0 Comments

US inflation at 40-year high: Americans blame corporate greed for surging prices

Furious about surging prices at the gas station and the supermarket, many American consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.Responding to that... Source: NZ Herald Business News

By | June 27th, 2022|Business|0 Comments