A Christchurch shop owner is being taken to court by Sanitarium, after trying to import and sell UK cereal Weetabix.

An increase in lending and a fall in bad debts has sent ASB Bank’s annual profit barrelling through the billion dollar level.

Hamilton real estate agency Online Realty is the latest company to be fined for price fixing, and has been ordered to pay more than $1 million.

A big write-down in its Australian business has knocked the profit of casino operator SkyCity Entertainment by more than two thirds.

The Commerce Commission is defending itself against allegations that is going soft on electric lines companies.

The subsidiary paid $304,860 in tax last year as online advertising – in which it dominates the market – hit record levels, but has reported another $600,000 loss.

The government’s move to tighten tax rules for multinational companies may also spell the end of this country’s foreign trust industry.

Cyclones and earthquakes have more than halved the profit of the New Zealand arm of Australian insurer Suncorp.

Job advertisements have dipped slightly after record levels but employers still want skilled staff.

Listed retailers are welcoming the cooler winter weather because consumers are out splashing the cash.