Latest from Companies

Volvo ditches pledge to sell only electric cars by 2030

Financial Times: Demand for battery-powered vehicles has decreased globally.

Lending rules easing: Directors and managers no longer personally liable for breaches

Minister Andrew Bayly believes number of changes will make it easier to get a loan.

Ponsonby’s Chapel Bar & Bistro: Who is claiming money, how much is owed

List of creditors just released shows IRD, bank, food and drink suppliers are owed money.

Financial services provider who threatened to report clients to Immigration NZ has licence cancelled

'This firm lacked any integrity with its clients," says FMA's Peter Taylor.

Kester Black investors upset after company put into administration

Once lauded for turning $50 into massive empire, the founder now faces angry investors.

Concern over housing costs hits record high across rich nations

Financial Times: Rising mortgage costs, rents meet building shortage to stoke crisis.

New house-building business couldn't survive downturn: $8.9m liabilities

KPMG will now go about realising assets in an attempt to repay company debts.

Genesis Energy to start hot water trials over next 12 months

Genesis is to start trials aimed at reducing power bills and helping the power grid.

Global stocks slide as investors fret over US slowdown

Financial Times: Wall Street extends losses after unimpressive manufacturing reading.

Mortgages: How many borrowers have ‘fix regret’?

Mortgage brokers advise clients to hold off as long as possible before fixing rates.

The cost of cracking cancer: What the $1.6t race for a cure leaves behind

Financial Times: Pancreatic cancer is a killer, with few new treatments on horizon.

'Improper' Covid cash claim: Ministry takes hotel building contractor to court

Issue over nearly $250,000 in pandemic-era wage subsidies.

Opinion: Elon Musk is an unguided geopolitical missile

Financial Times: While Musk's influence is showing up, he still lacks ability to make law.

Financial stress eases for young Kiwis but rises for mortgage holders

Signs financial stress could be easing, but not for everyone.

Business failures surge as insolvencies hit eight-year quarterly high

'The scale of the increase has been significant', says BWA Insolvency's Bryan Williams.

Property Insider: Seascape adjudication decision awards $33m; Carrie Bradshaw index

Developer to pay builder China Construction New Zealand $33m.

'We can't sleep': Couple fear for future, loan on Du Val unit axed

Meanwhile, a decision on media access to court and receivership files has been reserved.

Disinformation-fighting group Tohatoha disbands after losing funding

The group lost support from its main financial backer.