Former Bridgecorp chief financial officer Rob Roest suggested the losses to investors were not as severe or widespread and directors were acting in the company’s best interest by not putting it into receivership, when he appeared before the Court of Appeal in Wellington. Roest was representing himself in his appeal hearing today, and is appealing his High Court conviction and …

Up to 20 government departments will cut short leases for temporary accommodation taken after the 2010 and 2011 earthquakes and return to the Christchurch central business district en masse in 2016. Prime Minister John Key announced the commitment to helping repopulate the quake-hit city’s traditional urban core in a speech to the Canterbury Employers Chamber of Commerce, just days after …

Stronger consumer spending on durable goods resumed in August after a blip in July, led by a 2.8 percent increase in spending on durable goods. “This month’s increase in core retail was driven by durables and was the largest since June 2011,” acting industry and labour statistics manager at Standards New Zealand, Tehseen Islam, said in a statement. The two …