Latest Finance Headlines

F&P Appliances considers selling finance unit

Mon, 4 May 2015 17:04:49 +1200 | BusinessDesk

May 4 (BusinessDesk) - Fisher & Paykel Appliance Holdings, the Auckland-based manufacturer and consumer credit company owned by China's Haier Group, is considering selling its finance operations after being approached by potential buyers. More >>

Warehouse may offer $125M of 5-year fixed-rate bonds

Mon, 4 May 2015 14:19:43 +1200 | BusinessDesk

May 4 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, may sell as much as $125 million of five-year bonds to refinance $100 million of bonds maturing next month, and for general corporate purposes.More >>

Western Pacific liquidators expect to wrap up in 2016

Mon, 4 May 2015 13:11:43 +1200 | BusinessDesk

May 4 (BusinessDesk) - The liquidators of Western Pacific Insurance, which failed in the wake of the Christchurch earthquakes, say they're likely to complete their five-year task in 2016, although quake claims alone may exceed the estimated recovery ...More >>

Gapes' Victoria Street West may have $1.4M available

Mon, 4 May 2015 12:16:59 +1200 | BusinessDesk

May 4 (BusinessDesk) - Liquidators of property developer Tony Gapes's investment vehicle Victoria Street West are yet to finalise how much is owed, but said there is the potential for $1.4 million to be available for unsecured creditors.More >>

Confidentiality breach affected successful business

Mon, 4 May 2015 11:40:20 +1200 | Banking Ombudsman

The Privacy Act applies to individuals only. However banks also owe a duty of confidentiality to all customers that provides they must not disclose customer information except in very limited circumstances. “We treat such complaints just as seriously as Privacy ...More >>

NZX adds iFarm to its AgriHQ business

Mon, 4 May 2015 10:33:04 +1200 | BusinessDesk

May 4 (BusinessDesk) - NZX has bought iFarm, the livestock market information business, for an undisclosed sum from owners Jon Sherlock and Peter Fraser and will add the firm to its AgriHQ data business. More >>

China's Shanghai Zendai to quit Gulf Harbour

Mon, 4 May 2015 10:23:57 +1200 | BusinessDesk

May 4 (BusinessDesk) - China's Shanghai Zendai Property plans to quit its stake in a property developer building high-end residential houses and commercial sites on the Whangararoa Peninsula north of Auckland.More >>

Westpac NZ lifts 1H profit 2% as impairment charges rise

Mon, 4 May 2015 10:14:23 +1200 | BusinessDesk

May 4 (BusinessDesk) - Westpac Banking Corp's New Zealand unit lifted first-half profit 2 percent as gains in residential and business lending were offset by increased impairment charges.More >>

PFI announces 1Q dividend, resumes reinvestment scheme

Mon, 4 May 2015 09:35:00 +1200 | BusinessDesk

May 4 (BusinessDesk) - Property For Industry, New Zealand's only listed company specialising in industrial property, will pay 1.75 cents per share for its first quarter dividend and has reinstalled its dividend reinvestment scheme. More >>

NZDUSD opens at 0.7530 (mid-rate)

Mon, 4 May 2015 09:25:43 +1200 | HiFX

The NZD continued to lose ground against the U.S. despite a disappointing U.S. ISM Manufacturing Report, after the Fed’s Mester and Williams indicated that a June rate hike has not been ruled out. The ISM said its purchasing managers index came ...More >>

Tenon expands banking facility with more favourable rates

Mon, 4 May 2015 09:00:07 +1200 | BusinessDesk

May 4 (BusinessDesk) - Tenon, whose locally produced wood mouldings are sold in the US, has expanded its banking facility by US$5 million with greater flexibility and more favourable rates.More >>

NZ dollar declines as traders bet on rebound in US jobs data

Mon, 4 May 2015 08:36:43 +1200 | BusinessDesk

May 4 (BusinessDesk) - The New Zealand dollar declined as investors favoured the US dollar on the expectation better jobs data this week will show the US economy is improving.More >>

ANZ Wins 2014 Roger Award

Sun, 3 May 2015 11:06:20 +1200 | CAFCA

The full 2014 Roger Award Judges’ Report is online at More >>

Kiwi Capital Funding Limited Perpetual Capital Note Offer

Fri, 1 May 2015 15:08:36 +1200 | Kiwibank

Kiwi Capital Funding Limited (KCFL) has today announced that the bookbuild for its Perpetual Capital Note offer has completed and confirmed that $150 million has been reserved for clients of participants in the bookbuild process who have received firm ...More >>

PhD students only have one week to enter AMP IGNITE

Fri, 1 May 2015 11:22:18 +1200 | AMP

PhD students only have one week to enter AMP IGNITE competition and be in to win $5k More >>

Graeme Hart's UCI auto parts business eyes asset sales

Fri, 1 May 2015 11:19:18 +1200 | BusinessDesk

May 1 (BusinessDesk) - New Zealand billionaire Graeme Hart's UCI Holdings auto parts business is seeking to amend its credit agreements to free up potential asset sales in the latest move by the country's richest man to trim down the size of his investment ...More >>

Reserve Bank completes licensing of non-bank deposit takers

Fri, 1 May 2015 10:17:21 +1200 | Reserve Bank

The Reserve Bank has completed the licensing of Non-bank Deposit Takers (NBDTs), with licences issued to 31 entities. More >>

NZDUSD opens at 0.7625

Fri, 1 May 2015 09:29:17 +1200 | HiFX

The RBNZ elected to hold the OCR at 3.5% yesterday which was the sixth straight month with no change. They said “it would be appropriate to lower the OCR if demand weakens, and wage and price-setting outcomes settle at levels lower than is consistent ...More >>

Angels flock to networks

Fri, 1 May 2015 09:21:07 +1200 | Angel Association

The number of angel investors who have joined networks and funds has risen dramatically in the past two years, says the Angel Association of New Zealand executive director Suse Reynolds. More >>

NZ dollar rises vs. Aussie on speculation RBA will cut rates

Fri, 1 May 2015 08:34:41 +1200 | BusinessDesk

May 1 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar after New Zealand's Reserve Bank kept interest rates on hold yesterday, as speculation grew that the Reserve Bank of Australia will cut interest rates at its meeting next ...More >>


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