The national valuer says all signs are pointing to a gradual correction in house prices, with a month-on-month drop in national values last month.

Critics hoping for sweeping changes to the supermarket sector are unimpressed with the Commerce Commission’s final recommendations.

As petrol costs rise, Z Energy and Caltex have reported an increase in petrol thefts. Meanwhile, the appetite for electric vehicles appears to be gradually growing.

The country’s biggest bank is forecasting annual inflation to get even higher as the war in Ukraine sends commodity prices skyrocketing.

The lawyer for three former directors of Mainzeal says it was reasonable for them to rely on assurances the firm would get financial support from its parent company.

The Commerce Commission is recommending the two major supermarket operators should be forced to make more land available for new grocery stores.

State-owned financial services firm Kiwi Group Holdings has confirmed it has hired an investment bank to test the market for its fund management company Kiwi Wealth.

Aucklanders can see their updated property values from today, with homes in Great Barrier Island soaring by 59 percent.