Willis homes in on grocery and power prices

Willis homes in on grocery and power prices
Finance Minister Nicola Willis. (Image: NZME)
Pattrick Smellie
Supermarkets and electricity suppliers are on notice that the Government will more aggressively pursue competition in their sectors.At a speech to Waikato University’s annual New Zealand Economics Forum, Finance Minister Nicola Willis singled out the two high-profile sources of friction over high prices.“While many super-sized businesses have flourished, in too many cases the Kiwis they sell to have experienced higher prices, fewer choices and a worse deal all round,” Willis said.“In my view, lawmakers and regulators hav...

More Retail

Govt eagle-eyed on ComCom interchange fees decision
Finance

Govt eagle-eyed on ComCom interchange fees decision

Open banking depends on sustainable interchange fees, Minister Scott Simpson says.

Pattrick Smellie 11 Apr 2025
Hart business tips manufacturing contractor into receivership
Retail

Hart business tips manufacturing contractor into receivership

A spokesperson estimated Hansells Masterton employs 100 people.

Staff reporters 10 Apr 2025
Woolworths' restructure overhauls pay structure
Retail

Woolworths' restructure overhauls pay structure

Supermarket giant Woolworths’ new operating model could lead to pay cuts that will cost experienced workers thousands of dollars, a union claims.But a Woolworths New Zealand spokesperson said the changes would ensure the business had the right expertise, in the right place, at th...

Staff reporters 10 Apr 2025
OfficeMax parent's profits up 34.2%
Retail

OfficeMax parent's profits up 34.2%

By cutting expenses, the online office supplier OfficeMax has boosted its profits. Project Inkquill, the parent company of three OfficeMax entities, reported annual financial statements for the year to Dec 28 to the Companies Office on Wednesday. The firm reported net profit incr...

Gregor Thompson 10 Apr 2025