Icy conditions have caused electricity prices to increase eightfold, with one Wellington resident swapping the heater for hot water bottles to avoid paying a hefty bill.

Gangs stealing meat from supermarkets are re-selling it to restaurants and dairies and on Facebook, a crime prevention company says.

Borrowers are likely to face higher interest rates as banks move against a cooling housing market, tougher competition and more expensive money.

The Lions tour looks to have given a boost to the hospitality sector last month, but overall retail sales using debit and credit cards were flat.

A government inquiry has found steel imports from China are not damaging the New Zealand market due to subsidies.

A wealthy property developer is to build and gift a new $50 million children’s hospital in Wellington.

Simplicity has challenged the top-50 listed companies to bring diversity to their businesses and governance within five years.

An estimated $26m has been injected into the Auckland economy by the British and Irish Lions tour.

The country’s largest transport company has spoken out against the government’s decision to temporarily ban it from recruiting migrant workers.

The telecommunications company, Vodafone, has selected 10 new start-ups to be involved in its accelerator programme – called the Xone.