Mainfreight, the transport and logistics group, said it has uncovered misappropriation by a credit controller at its Daily Freight (1994) subsidiary and referred the matter to the police. The amount involved isn’t material to Mainfreight, according to a brief statement to the NZX from managing director Don Braid. The matter was uncovered during an internal examination of the New Zealand …

The New Zealand dollar was little changed as the US Federal government shutdown drags on and amid expectations Janet Yellen will get the nod to head up the Federal Reserve tomorrow. The kiwi traded at 82.89 US cents at 5pm in Wellington from 82.90 cents at 8am and 82.93 cents yesterday. The trade-weighted index was almost unchanged at 76.87 from …

The first 6,000 sections within Auckland’s special housing areas policy, which aims to address the city’s chronic housing shortage, have been announced by Housing Minister Nick Smith and Mayor Len Brown. There are 10 zones across Auckland designated as special housing areas (SHA) in addition to a community housing project in Weymouth for 282 homes. The biggest tranche of sections …