Supercheap Auto to close its Masterton store
Supercheap Auto will be closing its Masterton-based store over lease renewal negotiations between trust lands trust. The last day of trading will be on May 16. It has left locals furious about the decision and now they will have to travel further. Concerns were raised on social media that the closure...
Burger King New Zealand sells for $30m to Tahua Capital, owes millions in debt
Burger King New Zealand has sold its fast-food chain to Tahua Capital for around $30.48m. The New Zealand franchise was sold during October last year after hopes were made to complete a transaction subsequently when lockdown had lifted. It was put into receivership in April due to piling amounts of...
Fonterra Limited enters temporary halt to trading
Fonterra Limited has entered a halt to trading for itself on behalf of the Fonterra Shareholders’ Fund. Halting will be for the ASX, NZX Main Board and the Fonterra Shareholders’ Market. The company says it remains in a ‘strong’ financial position, and consultation processes will not precisely affect the Co-operative’s...
ASB to pay back Customers $8.1m following investigation
Following a Commission Investigation, ASB has agreed to pay back $8.1m after lending failures. A settlement was agreed with the Commerce Commission after the bank admitted that it failed to make sure its systems were in accordance to provide required information to more than 73,000 home and personal loan customers...
Warehouse Group to provide free Period Products in Bathrooms to Staff
An announcement made by The Warehouse Group on Thursday says they will supply staff with free period products across all of its stores. The rollout of period products will include all offices and distribution centres nationwide, including at stores such as Torpedo 7 and Noel Leeming. Making the move will...
RNZ makes move to limit its Social Media Comments section
The Government-funded Crown Media, Radio New Zealand, has made a move to limit its comments section on Facebook over directives to reduce the spread of misinformation, conspiracies, mishaps about the Coronavirus Pandemic and offensive or abusive slurs. RNZ published a statement revealing that their comments Policy had been updated for...
Whittaker’s the ‘Most Trusted Brand’ for Tenth Year in New Zealand
Whittaker’s is celebrating its tenth year as New Zealand’s most trusted brand. The company says it is proud to be named the most trusted brand and has thanked the public for helping them reach its goal of a ten-year milestone. “Winning the top honour in the Reader’s Digest Most Trusted...
Sky launches new Fibre Broadband service
Sky has announced they will be soft-launching its new fibre broadband service after talks were happening for months. Prior to the public announcement, the company offered its own branded broadband from a small group of existing satellite TV customers; however, it was not available to customers of their TV streaming...
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RNZ Chairman welcomes appointment of new Public Media Entity
Radio New Zealand Chairman, Dr Jim Mather, welcomed the appointment of a new proposed potential public media entity for New Zealand, RNZ and TVNZ combined. The new development will seek input on a Charter for the new entity, which reports back to the Government’s Cabinet at the end of the...
