Latest from Business around NZ

Sales downgrade knocks $2b from A2 Milk's market cap

The company took a big knife to its first half and full year 2021 sales forecasts.

Nido builder liquidators replaced

'Pressure is now on to repay the faith' - new liquidator.

Mowbray billionaires call in lawyers over leaky building repairs

Mowbrays threaten litigation against fellow apartment owners.

NZ's largest retirement business repaying $14.2m wage subsidy

This move follows three other retirement villages.

Retirement village owner to repay $8.6m wage subsidy

Outgoing chairman Rob Campbell said the time was right to return the money.

Bad timing: 2871 new Auckland CBD students units offered, planned

Twin-block planned when international students were plentiful.

500 building projects impacted due to Covid, minister told

Building and construction is New Zealand's fourth-largest employer.

'Paradise lost' – residents rage as giant firm plans huge Auckland housing village

Fletcher Building buys huge tract of farmland for housing. But locals aren't impressed.

Bostock's complete recycling recognised with sustainability award

The company won a sustainability award for practices including home compostable packaging

Nido collapse a double hit for South Auckland family

'I just called them and they have told me that they can't release any stock.'

Homeware giant Nido collapses into receivership

Magsons trades as Nido, this country's largest store of its type.

Who would spend $60m on a Queenstown hotel these days?

In these Covid days, who would part with $60m for a Queenstown hotel?

Opponents lose Appeal Court attempt against Waiheke's first commercial marina

Legal challenge fails, judges find in favour of marina developers.

House builders suffer appliance supply shortage

Stovetops, range hoods and ovens in particularly short supply.

Retirement village law overhaul mooted

The sector lacks a simple complaints system, the paper says.

Complaints against real estate agents reach new low

But the percentage of consumers who had issues or problems during transactions has risen.