Stories by Madison Reidy
News
CBL Corp administration and legal fees tops $4m
Administration and legal fees for the failed insurance firm CBL Corporation have topped $4 million so far, eating away at any funds left for creditors.
Jenny Shipley appeals court ruling to pay $6m over Mainzeal collapse
Dame Jenny Shipley and two other directors of collapsed construction firm Mainzeal are appealing against a High Court decision that ordered them to pay $6 million each.
Facebook promises change after Christchurch shooting livestreamed
Facebook "hates" that it was used to livestream the terror attack on two mosques in Christchurch last Friday - and promises changes. Audio
Terror attack survivor: 'I could see him shooting, finishing each one of us'
A 43-year-old father shot in the back at the Deans Avenue mosque in Christchurch on Friday says the perpetrator returned to 'finish' anyone he had already shot. Audio
Government eyeing build-to-rent housing
The government is looking to support property developers to build homes to lease or rent, rather than to sell.
Tobacco giant calls for tax breaks in move to quit cigarettes
Philip Morris, which says a tax break would speed its plan to pull cigarettes from New Zealand shelves, has a small market share and the move is just a bold PR stunt, anti-smoking advocates say.
Retirement village companies on debt row - analyst
Retirement village companies are being asked to give more detail on how well they are placed to cope with high debt levels in the event of a marked slowdown in the property market.
Sanford shipments delayed at China ports
A New Zealand seafood exporter has struck problems in getting its produce into China, in what could be a sign of increasing tension.
Mixed reaction to review of class action law in NZ
The Law Commission is launching a review of class action claims, which involve groups of claimants jointly taking cases against organisations.
Kiwisavers cash out of AMP as profit slashed by 97%
Australian-owned insurance company AMP is selling less financial advice to New Zealanders, but wants that to change.
Iwi becoming a growing financial force - report
Iwi are a growing financial force to be reckoned with, according to a new report showcasing some of their success over the past five years.
KiwiSaver retirement accounts 'prime target' for scammers
Financial and fraud experts are warning that the growing billions in KiwiSaver retirement accounts are going to become a greater target by fraudsters and scam artists. Audio
Local firm pips IKEA with plans for $60 million megastore
An Auckland company has stolen a march on Swedish flatpak furniture giant IKEA, with plans to open a $60 million mega furniture-homeware store.
Miners discover gold, but few celebrating
A small company wanting to extract gold from a mine on conservation land fears for the future of the industry in the face of red tape, local hostility and official indifference. Audio
SFO warns billions in public funding potentially misused
The Serious Fraud Office is warning billions of dollars of public money could be being misused.
MSD tells KiwiSavers to pull funds to survive - provider
The number of people looking to dip into their KiwiSaver funds for hardship reasons is rising sharply.
Halifax investors 'struggling to see if we can celebrate Christmas'
Investors who've traded millions of dollars through the online platform Halifax say they will struggle to celebrate Christmas while their main source of income remains frozen. Audio
Chinese banks want to liquidate rest of troubled insurance group
The founder and head of the troubled insurance group CBL Corporation continues to hold out hope of restructuring and salvaging the company despite an imminent court hearing to liquidate it.
City Rail Link pulls $500m contract off the table
The country's largest transport infrastructure project, City Rail Link, has pulled a $500 million contract off the table after one of its contractors hit financial trouble.
Halifax administrator hunting down funds sent offshore
The administrator of the troubled online trading broker Halifax is trying to "unscramble an omelette" and locate investor funds.
Halifax NZ in administration, thousands of accounts frozen
Australian administrators have been voluntarily appointed to the New Zealand online brokerage firm Halifax New Zealand.
Bust broker could owe up to 4000 NZ investors
The collapse of an Australian finance company has put the investment of possibly thousands of New Zealanders at risk.
Construction firm in liquidation
Another construction company has gone under, owing millions of dollars and leaving a handful of private and public sector projects in the lurch.
Businesses to bear cost of migrant pay increase
Increases in migrant worker pay could exacerbate labour shortages at a time when unemployment is historically low, according to an immigration lawyer.
Bank staff too sales-focused, investigation finds
Bank staff could be selling customers financial services they do not need to make their bonuses or receive commission.