Articles by Tom Raynel
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Business
Food prices lift 5% as all five food categories up annually
Friday, 15 August 2025, 11:44amFood prices increased by 5% in the 12 months to July 2025, after a 4.6% rise in the year to June, according to figures released...
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Travel
Air NZ to support 20 regional events to boost domestic tourism
Tuesday, 29 July 2025, 3:20pmAir New Zealand has launched a new programme in partnership with regional tourism organisations across the country to showcase...
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National
Sir Michael Hill dies aged 86
Tuesday, 29 July 2025, 1:19pmSir Michael Hill, the founder of Michael Hill Jeweller, died this morning aged 86. Hill stepped down from his role on the...
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Business
Auckland debt collector fined $115.5k for misleading conduct
Tuesday, 22 July 2025, 1:36pmLaw Debt Collection and its founder and director John Stuart Campbell has been fined $115,500 after pleading guilty in Manukau...
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Business
Foodstuffs to open $73m Pt Chevalier store early after Vic Park fire
Friday, 4 July 2025, 4:13pmFoodstuffs will open its New World supermarket at Pt Chevalier earlier than expected after the fire that closed its Victoria...
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Business
Woolworths mistakenly tells 500,000 members they will receive a gift voucher
Thursday, 3 July 2025, 3:23pmHuman error has been blamed for a mistake where nearly 500,000 members of the Woolworths Everyday Rewards programme were...
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Business
The Warehouse downgrades earnings forecast to include a worst-case $5m loss
Tuesday, 1 July 2025, 11:00amThe Warehouse Group has downgraded its earnings forecast amid an uncertain economic recovery and slow winter sales. But...
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Business
Kiwibank cuts home loan and deposit rates
Monday, 9 June 2025, 12:13pmAnother major bank has cut both its home loan and deposit rates in the wake of the Official Cash Rate drop last month. Kiwibank’s...
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Business
'No lessening of competition': Woolworths' acquisition gets green light
Thursday, 17 April 2025, 12:48pmThe Commerce Commission has granted clearance for Woolworths to acquire 100% of Australian food manufacturer Beak & Johnston...
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Business
Food prices jump 3.5% in March
Tuesday, 15 April 2025, 12:10pmFood prices have steadily increased in March, with the monthly change driven by higher prices for grocery food and non-alcoholic...
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Business
Card spending falls by 0.8% in March, Stats NZ data reveal
Monday, 14 April 2025, 12:39pmCard spending by Kiwi consumers fell in March, with most measured categories reporting declines when compared to February, Stats...
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Business
'Tariff wars miss the point': Zuru co-founder Nick Mowbray criticises US tariff plan
Wednesday, 9 April 2025, 12:24pmZuru Toys co-founder Nick Mowbray has hit out at US President Donald Trump’s tariffs, saying “tariff wars miss the point”...
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Business
‘Very glib huckster’: Businessman jailed after breaching company ban
Friday, 14 March 2025, 4:58pmA real estate businessman with a history of offending has been sentenced to prison time after taking part in the management...
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Business
Former IRD tax agent gets 12 months home detention for tax fraud
Thursday, 13 March 2025, 4:02pmA former Inland Revenue tax agent has received the maximum length of home detention possible for sustained tax fraud after...
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Business
Monthly food price rise biggest since 2022
Friday, 14 February 2025, 3:04pmFood prices in January rose the largest for a single month in two and a half years, driven by beef, milk and oil. According...
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National
Chelsea Sugar fined almost $150k for selling 971 tonnes of lead-contaminated sugar
Friday, 7 February 2025, 4:05pmThe New Zealand Sugar Company (NZSC), trading as Chelsea Sugar, has been fined almost $150,000 by the Ministry of Primary...
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National
Low-carb beers on the rise as brewing now 0.9% of GDP
Friday, 31 January 2025, 2:44pmNew Zealand’s brewing industry is going from strength to strength, with a new report revealing how low-carb beers are on...
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Business
The Body Shop NZ placed into voluntary administration
Wednesday, 22 January 2025, 11:47amCosmetic and beauty products retailer Body Shop NZ has been placed in voluntary administration, months after its UK parent...
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Business
Rise in holiday spending at end of 2024, electronic card data shows
Tuesday, 21 January 2025, 11:52amKiwis spent more in the final month of 2024 in positive news for retailers who were relying on it to meet their end-of-year...
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Business
Mortgage wars: Another major bank cuts home loan rates as competition heats up
Friday, 17 January 2025, 10:30amASB has cut its 18-month fixed term loan rate to 5.39%, the lowest among major banks. All major banks now offer fixed term...
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Business
Major bank cuts key home loan rate
Thursday, 16 January 2025, 3:41pmWestpac has trimmed 20 basis points off its six-month special home loan rate, cutting it to 5.99% per annum - a rate matching...
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Business
Food prices rise in December, driven by dairy, fruit, cooking oil
Thursday, 16 January 2025, 1:01pmFood prices rose in December as spikes in the price of butter, standard 2-litre milk, and olive oil pushed grocery prices...
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Business
Employment confidence rises despite looming 5% unemployment rate forecast
Wednesday, 15 January 2025, 1:23pmEmployment confidence rose slightly in the December quarter, partially due to a rise in perceptions of job availability,...
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National
Petrol prices set to rise as foreign sanctions add economic pressure
Tuesday, 14 January 2025, 1:30pmPetrol prices across the country are set to rise off the back of US-Russia tensions and a weaker New Zealand dollar. Oil...
