Latest

Polestar’s electric roadster will arrive as the Polestar 6

Polestar has announced that it is dipping its toes into the world of two-door roadsters with the Polestar 6, the production version of the O2 concept unveiled in March. “With the overwhelming response from consumers and the press, we have made the decision to put this magnificent roadster into production and I am delighted to …

Polestar’s electric roadster will arrive as the Polestar 6 Read More »

Fletcher Building boss Ross Taylor gets 34% pay rise to $6.58m after major company turnaround

Ross Taylor, general manager of Fletcher Building. Photo / Provided The Fletcher Building boss has enjoyed a 34% annual pay rise, earning $6.58 million over the past year after steering the giant conglomerate to new financial heights. “We have achieved this as a company – the buck stops here,” says managing director Ross Harold Taylor, …

Fletcher Building boss Ross Taylor gets 34% pay rise to $6.58m after major company turnaround Read More »

Costco will change the way New Zealanders shop: 4 expert tips to get the most out of a bulk purchase

Are the prices really cheaper? Research shows that club store prices can be 22.5% lower than traditional supermarkets. Already, the gas station adjacent to the Costco store in Auckland, which opened in April, has had a significant impact on fuel prices in the nearby community. As the world’s third-largest retailer, Costco has significant buying power …

Costco will change the way New Zealanders shop: 4 expert tips to get the most out of a bulk purchase Read More »

Australian esports company Order collapses after raising $5.3m

The Order’s website. Pictures / Order A Melbourne-based company that raised $5.3m in funding last year has collapsed. The company, which included one of Australia’s largest esports teams – an industry where gamers compete on video games – went into voluntary administration on Monday. The company, called Order, currently has about $200,000 in debt to …

Australian esports company Order collapses after raising $5.3m Read More »

The Hawkish Reserve Bank is unlikely to push fixed mortgage rates higher

Company August 17, 2022 03:283 minute read Retail banks have begun to respond to today’s official cash rate hike with moves to raise variable savings and borrowing rates. But although the Reserve Bank raised the rate by 50 basis points to three percent and moving from its expected high to 4.1 percent (from 3.95 percent), …

The Hawkish Reserve Bank is unlikely to push fixed mortgage rates higher Read More »

Orr stops talking about whether he wants a second term, as Reserve Bank increases OCR

Adrian Orr has closed questions about whether he will make himself available for a second five-year term as Reserve Bank governor next year after his current term expires. Speaking at a press conference explaining the Reserve Bank’s latest monetary policy statement which saw the central bank raise the official exchange rate by 50 basis points …

Orr stops talking about whether he wants a second term, as Reserve Bank increases OCR Read More »

CoreLogic: ‘Turning Point’ for Profitable Resales as Earnings Begin to Tumble

Property resales may have reached a “turning point”, with some properties selling at a loss for the first time in months. Photo/Getty Images Property resales may have reached a “turning point”, with some properties selling below their original purchase price for the first time in months. But property experts say there’s nothing for landlords to …

CoreLogic: ‘Turning Point’ for Profitable Resales as Earnings Begin to Tumble Read More »

Fletcher Building’s annual profit jumps 42% to $432 million

Fletcher Building’s annual profit jumped 42% as the nation’s largest integrated building materials manufacturer and distributor benefited from a strong construction market. Net income rose to $432 million in the year to June 30 from $305 million a year ago, the company said. Revenue increased 5% to $8.5 billion. Fletcher Building estimates it lost $300 …

Fletcher Building’s annual profit jumps 42% to $432 million Read More »