Builders and grocers next targets for Labour

Builders and grocers next targets for Labour
Victoria Young
New Zealand's big three building materials firms - Fletcher Building, Carter Holt Harvey and Bunnings - and the supermarket duopoly between Foodstuffs and Countdown will come under the microscope if the Labour Party is returned to power.Labour leader Jacinda Ardern said she wants to initiate a market study into the supermarket sector before the end of this year, moving to building suppliers in 2021, to make sure consumers are getting a fair deal. The Commerce Commission has had the power to conduct such investigations since 2018. NZX-l...

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Houses overheating from poor design not more insulation
Property

Houses overheating from poor design not more insulation

MBIE is reviewing 2023 building code rules increasing minimum insulation levels.

FMA issues warning to coconut oil company
Law & Regulation

FMA issues warning to coconut oil company

The Financial Markets Authority has issued a warning to Evco Pacific for failing to meet disclosure requirements under the Financial Markets Conduct Act. The warning extends to Evco's current director, Neville Montefiore, and former directors Roger MacDonald and Christopher N...

Staff reporters 13 Mar 2025
IMF cautions Govt against pushing back too hard against RBNZ
Law & Regulation

IMF cautions Govt against pushing back too hard against RBNZ

The International Monetary Fund (IMF) is cautioning the Government against bending over backwards and deregulating banks in a bid to spur more competition in the sector.Finance Minister Nicola Willis is getting advice on whether she should make the Reserve Bank of New Zealand (RB...

Gap between NZ and Aus bank interest margin grows
Economy

Gap between NZ and Aus bank interest margin grows

In New Zealand, 2024 net interest margins were flat at 2.34%.

Gregor Thompson 12 Mar 2025