Money
Banks need government inquiry - Sam Stubbs
Banks are coming under fire for their big profits.
Yesterday ANZ reported a profit of $1.92 billion, up 44 percent on last year.
Kiwisaver provider Simplicity chief executive Sam Stubbs says it's… Audio
Glasgow gears up to host COP26 summit
Glasgow is gearing up to host the world's most powerful leaders ahead of 26th Climate Change Conference or COP26. The two-week summit is set to begin on 31 October. More than 30,000 people are… Audio
Air NZ to dip into govt standby fund after latest Covid-19 restrictions
Air New Zealand is set to make another substantial call on the government's standby fund, as it also mulls whether to allow only fully vaccinated domestic travellers to fly.
ASB Bank's Financial Wellbeing survey finds customers better prepared for latest lockdowns
The survey of more than half a million customers found, despite the improved average cash balances, 40 percent of customers had less than $1000 available to spend.
Electricity retailer wants state-owned generator
A close observer of the electricity sector says the Government must intervene to force big firms to give up assets and make way for a state-owned generator.
An Electricity Authority report out on… Audio
Midday Business News for 27 October 2021
News from the business sector, including a market report. Audio
Tiwai smelter getting good power deal at consumers' expense
Consumers are paying up to $200 more for power each year, subsidising a deal for the Tiwai Point smelter to continue.
An Electricity Authority review has focused on the smelter's role in electricity… Audio
Canterbury councils' comms spending skyrocketing
The amount councils are spending on keeping in touch with Cantabrians has gone up by as much as 82 percent in the past six years.
Figures released to RNZ show increases in the communications budgets… Audio
Farming towns to reap rewards of Fonterra payout
Farming towns are hoping to reap the rewards of one of Fonterra's biggest milk price payouts in the co-operative's history.
The dairy giant expects to pay between $7.90-8.90 per kilogram of milk… Audio
Midday Business News for 26 October 2021
News from the business sector, including a market report. Audio
Meet the woman who scams the scammers
We've all wanted to scream down the phone at scammers before. Some people even keep whistles next to the phone so they can go one better. But few out there would have tried to scam the scammers… Audio
Iwi to get Oranga Tamariki funds in bid to cut state care numbers
A new iwi-led programme will receive funding to help reduce the number of tamariki and rangatahi coming into state care, the Children's Minister says.
Midday Business News for 22 October 2021
News from the business sector, including a market report. Audio
Cash grants on way for those hardest hit by Covid-19 restrictions
More low-income households struggling because of lockdown will soon be able to get hardship support from Work and Income.
Wellington Council looks to fix skyrocketing rent
Wellington's social housing tenants are being called on to help find a solution to the rocketing cost of council rent. The council discounts from market rates, but it's still far too costly for many… Audio
'Big John': Triceratops fossil sells for millions in Paris
The bones of a dinosaur named "Big John" have sold for nearly 11 million New Zealand dollars at an auction house in Paris.
Somebody is now the owner of the fossilised remains of the largest and most… Audio
MindTheGap: Campaign promotes wage gap, especially for Māori and Pasifika
The year-long MindTheGap campaign is asking workers to fill out a registry with details of their pay rates ahead of the 50th of the anniversary of the Equal Pay Act.
Your Money with Mary Holm
Today Mary is talking about IPO FOMO. Translated it means Initial Public Offerings when a new stock is launched and people feel they need to invest in them because everyone else is! She talks about… Audio
Troubled property giant China Evergrande abandons $3.6b sale of stake in key asset
Teetering Chinese property giant China Evergrande formally has abandoned plans to sell a $3.61 billion stake in one of its key units.
Outgoing FMA head says hard yards yet to be done
The outgoing head of the Financial Markets Authority says there are plenty of hard yards yet to be done to improve finance sector behaviour.
Rob Everett leaves at the end of the month after seven… Audio
