Fairfax Media has been issued a formal warning by the Commerce Commission after it claimed the GST rate hike was behind its Dominion Post cover price increase.

Tower's move to bid for Fidelity Life Assurance without securing support from Fidelity's major shareholders has left some wondering whether it has some underlying plan which has yet to be revealed.

Property values across NZ have fallen 1.4pc since March, with big city valuers reporting a lack of well presented, quality properties on the market.

Without even a goodbye another KiwiSaver scheme has slipped over the side into oblivion.

Prices on some household items have risen more than double the cost of yesterday's GST increase - despite many retailers choosing to take a hit.

Many farm businesses believed their loans were personally with Allan Hubbard, not Aorangi.

Auditors have given Allied Farmers' financial statements only a qualified opinion, and have raised concerns about the going concern basis of the company and the carrying value of assets.

Hubbard investors have been told they'll be paid three cents in the dollar this month, but will have to wait till next year for possibly another 20 cents.

Allied Farmers' auditor PwC says it hasn't enough evidence to say whether the company can be viewed as a going concern.

It's not just Chinese investors looking to buy NZ food companies.

All you need to know about tomorrow's GST hike

Retailers are walking a tightrope between driving away customers and bearing heavier GST costs from tomorrow.

The country's two supermarket giants have taken different approaches to dealing with the rise in GST, which comes into effect tomorrow.