News in Brief

News in Brief
Commerce Commission files charges against Noel Leeming over ‘Price Promise’ claims
News in Brief

Commerce Commission files charges against Noel Leeming over ‘Price Promise’ claims

The Commerce Commission has filed criminal charges against retail electronics chain Noel Leeming for allegedly misleading customers with its “Price Promise”.The commission alleges multiple breaches of the Fair Trading Act by Noel Leeming which is owned by The Warehouse Group.“For...

ASB joins ANZ in rejecting $309m class action settlement offer
News in Brief

ASB joins ANZ in rejecting $309m class action settlement offer

The issue relates to a long-running class action over lending breaches.

Staff reporters 18 Jul 2025
New anti-corruption taskforce launched
News in Brief

New anti-corruption taskforce launched

Insider threats, foreign interference and artificial intelligence‑enabled fraud are among the targets of a new anti-corruption taskforce.The move comes after experts warned the Government of rising corruption risks and New Zealand slipping down global anti-corruption rankings.The...

Staff reporters 18 Jul 2025
Livestock Improvement Corp posts strong profit but warns of FY26 one-offs
News in Brief

Livestock Improvement Corp posts strong profit but warns of FY26 one-offs

Dairy genetics company Livestock Improvement Corporation (LIC) posted a stronger result for the 12 months to May 31, but warned the current financial year would be impacted by one-offs.LIC booked a full-year after-tax profit of $30.6 million for the 12 months to May 31, up from $...

Staff reporters 18 Jul 2025