Hachette New Zealand, the local arm of the global publisher whose titles include biographies of Richie McCaw and Mark Todd, is to cease publishing locally with the loss of 12 jobs including its long-serving management team. The New Zealand company, which publishes locally under the Hodder Moa imprint, will continue as a marketing and sales office for the group’s international …

High-profile tax adviser and former Inland Revenue Department official Brent Gilchrist has been found guilty of six charges of helping orchestrate a fictitious invoice writing scheme that sought to route funds through Vanuatu as part of a tax avoidance scheme. In two judgments relating to different tax avoidance schemes, delivered by Justice Simon France, Gilchrist is characterised as an adviser …

The New Zealand dollar strengthened after the central bank signalled that inflationary pressures from housing and construction are likely to push up interest rates. The kiwi rose to a six-week high of 81.06 US cents and was at 80.79 cents at the 5pm market close in Wellington, from 79.80 cents yesterday. The trade-weighted index jumped to 76.03 from 75.57 yesterday. …