Rio Beverages founder David Thexton’s second juice venture, Hunua Rd Manufacturing, put into liquidation owing $1.12m
David Thexton and co-owner Amanda Morgan blamed the economic downturn for its insolvency. Source: NZ Herald Business News
Big cities drive up consumer confidence in latest survey
More households now think it is a good time to make major purchases again. Source: NZ Herald Business News
Infant formula recall sends a chill, rain brings bumper profits for power companies – Stock Takes
Synlait Milk says none of its ingredients are linked to the overseas recall. Source: NZ Herald Business News
Media Insider: Breakfast co-host Tova O’Brien’s legal restraint; Ex adman’s novel skewers industry’s awards obsession; BSA rules on TVNZ Tom Phillips privacy complaint; The life of Brian FM founder
BSA rules on TVNZ/Tom Phillips privacy complaint; Extraordinary life of Brian FM founder. Source: NZ Herald Business News
More than $360m is staked over US political or government actions on prediction markets
It is raising concerns about insider trading from officials in the know. Source: NZ Herald Business News
Willis moves early to brace voters for pre-election rate rises – Matthew Hooton
OPINION: Rising rates and flat house prices risk eroding support for Christopher Luxon. Source: NZ Herald Business News
Economic recovery looking unconvincing as it struggles to gain momentum
The economy has the ingredients for a recovery but momentum is fragile. Source: NZ Herald Business News
Bank switching among mortgage holders spiked in December, soaring past previous record
Borrowers chase attractive cashbacks. Source: NZ Herald Business News
NZ sharemarket drops 0.4% as property stocks tumble – Market close
The S&P/NZX 50 Index fell sharply at lunch and closed at 13,348.61, down 64.26 points. Source: NZ Herald Business News
Westpac hikes longer-term fixed home loan rates, cuts six-month rate
The bank says rising wholesale interest rates have pushed up the cost of providing loans. Source: NZ Herald Business News