News in Brief
News in Brief
Markets
Pacific Edge suffers another setback in US
Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...
Economy
Free
Consumer confidence back on the up – ANZ survey
Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly.But inflation expectations also rose sharply – up 0.5 points to 4.7%, the highest reading since July 2023.“Household...
Law & Regulation
Three ex-LG NZ staff guilty of destroying evidence in anti-competitive investigation
Two former managers of LG New Zealand who pleaded guilty for their involvement in destroying evidence during an investigation into potential anti-competitive conduct can now be named.Dowan Kim, the former country manager of LG NZ, and Nicholas Clarke, a former LG key account mana...
Law & Regulation
FNZ employee shareholders file class action
They claim to have $4.5 billion wiped off their shareholding.
