An Auckland night club owner says today’s annoucement the city will drop to ‘orange’ at the end of December is awful, while Mayor Phil Goff says there was a clear case for dropping before then.

The services industry remains on the back foot as the sector navigates through supply chain pressures.

The retirement village operator’s debt facilities were converted into a sustainability-linked loan tied to social and environmental goals.

The Financial Markets Authority has cancelled a financial advice provider’s transitional licence – the first time it has taken such an action against a provider.

“If you do not have an excellent reason to retain customer information, you need to dispose of it,” says Vertech IT Services managing director Daniel Watson.

The national median house price rose a seasonally adjusted 23.8 percent in the past 12 months to $925,000.