Money

credit cards

Cards get a work out

Spending on credit and eftpos cards across all sectors increased in January for the first time in a year.

Quake city assets set to be popular

Christchurch International Airport Investors expect to be potential buyers of Christchurch City Council's airport and electricity companies, should it be forced to sell assets.

Feltex class action swells

Another 800 former Feltex investors have joined the legal battle against the former directors, sellers and promoters of the failed carpet maker.

$3b profit goes overseas

Higher interest margins saw the big five banks take a combined profit of $3 billion over the 2011 financial year, most of it headed to Australian bank coffers.

Upgrades blamed for price hikes

Electricity retailers are warning of price increases in the coming months, citing sharp increases in the price of transmission.

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