24 Apr 2019

Today's business news: What you need to know

12:38 pm on 24 April 2019

Latest - Shoppers spent less in the main centres over Easter.

A woman shopping.

Photo: 123RF

Official figures from payment provider, Paymark, show a nation-wide fall in spending of 0.8 percent to $1.196 billion in the week over Easter, compared with last year.

Auckland, Wellington and Canterbury were all down, however, some of the smaller regions had solid spending growth, including in Gisborne and the West Coast.

Trade me appoints new chief executive

Trade Me has named Anders Skoe as the company's new chief executive following the sale of the business to British private equity firm Apax Partners.

Mr Skoe is currently the chief executive of a similar business - Finn - as well as executive vice-president of Nordic Marketplaces at Schibsted in Norway.

He'll replace outgoing chief executive, Jon MacDonald, who will stay on until Mr Skoe starts in the role in late July.

Read here for more on this story.

Banks pushing unwanted financial products, survey finds

One in five bank customers have been offered financial products that they did not need according to Consumer NZ's latest banking survey.

The most common products promoted included credit cards, increases in credit card limits, personal loans and life insurance.

Consumer NZ said the majority of people offered the products did not think it was a good option or suited their needs.

The annual survey also found 16 percent had felt pressured by bank staff into buying a financial product they did not need.

Read here for more on this story.

Christchurch construction village up for sale

A Christchurch holiday park, turned temporary village to house construction workers, is on the sale block.

The site called Workotel is owned by the listed Singaporean property development company Tee Land.

They're keen to sell it outright or enter into a new joint venture to redevelop it.

Bayleys real estate agent, Jeremy Speight, said some developers have already expressed interest in the site, with possible plans for housing, student accommodation or a retirement village.