Business

Hamilton real estate 'cartel' cops $4m in penalties
Property

Hamilton real estate 'cartel' cops $4m in penalties

The Auckland High Court has levied price fixing penalties totalling $4 million against two Hamilton-based real estate firms, Lodge Real Estate and Harcourt’s agency Monarch, for engaging in cartel style price-fixing in breach of the Commerce Act. The judgment caps off an actio...

Brent Melville 10 Sep 2020
PETER GRIFFIN: Data breaches are about to get a whole lot more expensive
Opinion Free

Peter Griffin: PETER GRIFFIN: Data breaches are about to get a whole lot more expensive

Disruptive cyber attracts on the NZX, MetService, Voyager and other local outfits briefly diverted us from the more serious cyber threat - our data being illegally accessed and stolen.

Peter Griffin 10 Sep 2020
FMA files criminal charges over Forestlands investment scheme
Finance

FMA files criminal charges over Forestlands investment scheme

The Financial Markets Authority has filed criminal charges against an unnamed individual involved in Forestlands Group for alleged disclosure and financial record keeping breaches. The FMA said security arrangements of a million-dollar loan were knowingly omitted from financia...

Dan Brunskill 09 Sep 2020
Water bottling billionaire with NZ links now one of China's richest men
Finance

Water bottling billionaire with NZ links now one of China's richest men

Investors were frothing as Nongfu Spring debuted on the Hong Kong stock exchange. But its expansion in NZ remains 'uncertain'.