Best of Business

New Zealand Winegrowers are on Cloud Wine over proposed Government changes to alcohol laws.
They include allowing licensed premises to meet legal obligations by stocking zero-alcohol drinks.
Currently, licence holders must stock 'low alcohol' products containing no more than 2.5 percent alcohol.
Chief executive Phillip Gregan says it's a common sense change.
"Frankly, I'm not sure that there are any wines less than 2.5 percent, they tend to be slightly higher than that, or just zero."
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The ongoing conflict in the Middle East has sparked concerns about global oil shortages, domestic rising petrol and diesel costs, and it's got experts speculating.
The Government is working to find a solution, with Energy Minister Simon Watts meeting with his counterparts in Tokyo for the Indo-Pacific Energy Security Forum to discuss the issue.
Nathan Surendran is the chair of the Wise Response Society, and he says the conflict is causing oil refineries all over the world to slow down production.
"There is the National Fuel Plan - the Government has, effectively, a staged incremental rationing type process...it should signal that rationing is a potential possibility, because signalling it gives people time to adjust mentally."
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One expert has suggested Jetstar won't follow Air New Zealand in cutting upcoming domestic flights.
The airline plans to cancel about 1100 flights over the next six to eight weeks because of fuel price hikes - impacting about 44,000 passengers.
It's already raised fares to help cover costs.
Board of Airline Representatives NZ executive director Cath O'Brien, says Jetstar's unlikely to do the same because Air New Zealand's domestic network has a wider spread.
"They have a wholly different problem than Jetstar, which is operating trunk services and jets only."
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The US President's social media posts suggest he's worried about the price of oil, as the US and Israel bombard Iran into an 11th day.
More than 1700 have been killed in the Middle East - most in Iran, and hundreds in Lebanon.
Despite this, markets appear to have calmed down following the initial shock, and Milford Asset Management's Brendan Larsen explained why.
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The balance sheet is looking strong for Briscoe Group, which managed to score a few goals late in the game.
The retailer's posted record annual sales of close to $800 million, for the year ending January 25th.
Its homeware brand Briscoes saw 1.42 percent sales growth - while Rebel Sport trailed with growth of 0.13 percent.
Managing director Rod Duke says the business just changed its promotions approach slightly.
"Generally, the market from about Black Friday just eased up a bit. People just got a bit more confident."
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