Minister accused of breaking personal pledge on house building

Government officials recommended a controversial retrospective law change to mitigate financial risks posed to ASB and ANZ from a class action lawsuit. Documents reveal concerns that lenders could face severe liabilities for past errors, potentially threatening their solvency and the stability of the New Zealand financial system. Need More Context? 🔎

Foodstuffs is experiencing significant expansion with over $380 million in ongoing or planned projects, including recent openings and the upcoming launch of a new 6000sq m Pak’nSave on North Shore. Other notable developments include a major sale in Tauranga and three deals by Metlifecare, as well as the opening of a new build-to-rent project by Marutūahu-Ockham. Need More Context? 🔎

Fletcher Building has projected significant items impacting its financial results, estimating losses between $573 million and $781 million for the fiscal year ending June 30, 2025. Prior to accounting for these losses, the company anticipates earnings before interest and tax (EBIT) of $386.4 million to $391.4 million, with institutional investors expressing concerns over lowered profit expectations. Need More Context? 🔎

Documents reveal that an Auckland musician, convicted of assaulting his ex-girlfriend, faces career-ending consequences if named, according to his lawyer. A judge denied name suppression and a discharge without conviction, sentencing him to 80 hours of community work after jurors found him guilty of biting and using a plastic bottle as a weapon, although he was acquitted of more serious charges. Need More Context? 🔎

A 79-year-old woman, Helen Gregory, was found dead in her Wellington home on January 24, 2024, with significant amounts of cash hidden around her house, including $50,000 in her freezer. Her daughter, Julia DeLuney, is accused of the murder, allegedly motivated by financial difficulties, and is said to have staged the scene to appear as an accident. Need More Context? 🔎

The All Blacks have announced their 33-man squad for the upcoming series against France, featuring five newcomers: Du’Plessis Kirifi, Timoci Tavatavanawai, Fabian Holland, Ollie Norris, and Brodie McAlister, alongside 18 forwards and 15 backs. Coach Scott Robertson noted that there will always be talented players who miss out on selection. Need More Context? 🔎