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Supermarket profits of around $1m a day; Govt announces steps to lower prices
The Commerce Commission found competition was "not working well".
The Commerce Commission found competition was "not working well".
Competition watchdog releases final report into major sector.
Heavyweights tell price probe their materials are a smaller part of the overall cost.
Huckleberry downsizes operation, new player talks covenants making setting up difficult.
Olive oil with 'New Zealand' on the bottle may not always be what it is claimed to be.
Lending rules which have caught out first home buyers are badly needed, they say.
The commission is targeting June 9 to make a decision on the application.
As of April 8 this year, cartel conduct is punishable with up to seven years in prison.
The commission is seeking refunds for up to 5222 affected customers.
The Commerce Commission considers a role for Government ownership in NZ's grocery sector.
He spent $200 to travel to cash grab - and ended up with a handful of fake cash.
"If that's a discrepancy that's hugely unfortunate."
The long, the short and the approvability of a $2.3 billion deal.
Moola will refund the interest and fees paid by 50 borrowers.
The behaviour "undermines the essence of what competition is all about".
The hardware store says it remains committed to its lowest prices policy after legal case.
Some builders, contractors and homeowners have 'walked away' from new builds.
The Government would begin a process to phase out "low-use" plans from April.
It will pay money out to 37,000 borrowers over the next two years.
Auckland's ferry services are due for a shakeup with new contracts and new vessels.
NZME's OneRoof cited as example of competition in allowing deal to go ahead.
ANALYSIS: It's now almost inevitable the Labour Government will intervene.
OPINION: If this Government knows anything, it's how to capitalise on populist causes.
OPINION: Supermarkets are uncompetitive, and so is a slew of Government policy.
Supermarket groups earn a return on capital of more than 20 per cent.
The probe into supermarkets should not be a surprise, but it should prompt changes.
Officials here tried to prevent a supermarket duopoly but final call was made in London.
Competition watchdog to reveal how competitive it believes our supermarkets really are.
The Commerce Commission alleges Moola breached the Commerce Act.
Euro Corporation was the final company to be sentenced after a series of investigations.