Latest Finance Headlines

TSB Bank writes off $53.9 mln Solid Energy debt

Fri, 27 Feb 2015 17:58:06 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - TSB Bank, the Taranaki community-owned bank, has written off the remaining $53.9 million debt exposure it had to stricken state-owned coal miner Solid Energy as the prospects of getting repaid deteriorate.More >>

PGC posts 1H loss, writes down Perpetual receivable

Fri, 27 Feb 2015 17:51:23 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - Pyne Gould Corp, whose 2014 accounts are being looked into by the market regulator, reported a first-half loss as it was hit with foreign exchange adjustments and losses from its subsidiaries, and wrote down the value of what it ...More >>

NZ dollar heads for 0.4% weekly gain; USD poised to rise

Fri, 27 Feb 2015 17:14:59 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent gain against the greenback this week, ahead of what might be an extended rally for the US currency as the prospects for the world's biggest economy remain strong.More >>

Home loans helping people achieve their dreams

Fri, 27 Feb 2015 14:21:52 +1300 | Media PA

TO SAVE time and money and to help achieve dreams are some of the goals New Zealand Home Loans Franklin District’s office has in mind for each one of the clients they deal with.More >>

ANZ Bulletin: News & Insights

Fri, 27 Feb 2015 10:20:44 +1300 | ANZ Bank

We aim to share regional news which will provide you with a broader insight into the book trade and include hints and tips for our products and services. More >>

GPG annual profit drops 61% as 2013 asset sales wash through

Fri, 27 Feb 2015 09:01:33 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - Guinness Peat Group, which is rebranding to UK threadmaker Coats after exiting its other investments, reported a 61 percent drop in annual profit after asset sales bolstered its earnings the previous year.More >>

NZ dollar slips after better-than-expected US data

Fri, 27 Feb 2015 08:28:41 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - The New Zealand dollar fell as the greenback advanced after better-than-expected US data on inflation and business orders bolstered confidence about the outlook for the world's largest economy.More >>

SBS Bank delivers healthy result

Thu, 26 Feb 2015 17:10:54 +1300 | SBS Bank

SBS Bank delivers healthy result. SBS Bank today declared a surplus before tax of $20.9 million for the nine months ended 31 December 2014, a 41% increase on the same period in 2013.More >>

Fliway to raise up to $50 mln in first NZ IPO of the year

Thu, 26 Feb 2015 14:59:02 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - Fliway Group, the transport and logistics group, will seek up to $50 million in New Zealand's first initial public offering of the year, with a sale expected next month.More >>

NZ Superfund spent $150,000 in legal fees on Portugal case

Thu, 26 Feb 2015 14:53:25 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - The New Zealand Superannuation Fund has so far spent about $150,000 in legal fees as part of its case to overturn a decision by the Bank of Portugal to move the fund's US$150 million investment into a "bad bank", ...More >>

New Zealander of the Year 2015 announcement

Thu, 26 Feb 2015 12:15:15 +1300 | Kiwi Bank New Zealander of the Year Award

Auckland philanthropist and businessman Sir Stephen Tindall has been named Kiwibank New Zealander of the Year 2015 at the gala awards ceremony held this evening in Auckland. More >>

ANZ Investments named Morningstar Fund Manager of the Year

Thu, 26 Feb 2015 11:57:14 +1300 | ANZ Investment

ANZ Investments was last night named Morningstar New Zealand Fund Manager of the Year in the prestigious Morningstar awards. More >>

NZ Online Retail Sales: Monthly update for January 2015

Thu, 26 Feb 2015 11:27:04 +1300 | BNZ

Please find attached BNZ and Marketview’s latest monthly report on New Zealand’s Online Retail Sales. More >>

Up to 70 Shanton Fashions staff to lose their jobs

Thu, 26 Feb 2015 10:35:58 +1300 | BusinessDesk

Up to 70 Shanton Fashions staff to lose their jobs in restructure prior to sale More >>

Farmers need to step-up their human capital risk planning

Thu, 26 Feb 2015 09:49:40 +1300 | Crowe Horwath

Farmers aren’t paying enough attention to human capital risk planning, says Hastings-based Crowe Horwath Risk Adviser Tim Ewen. More >>

NZ dollar rises after Yellen seen pushing back rate hikes

Thu, 26 Feb 2015 08:26:07 +1300 | BusinessDesk

Feb. 26 (BusinessDesk) - The New Zealand dollar rose, driven by weakness in the greenback after Federal Reserve chair Janet Yellen suggested the US central bank was in no hurry to raise interest rates.More >>

NZ bank profits climb 20% in 2014 in face of cheaper funding

Wed, 25 Feb 2015 19:04:46 +1300 | BusinessDesk

Feb. 25 (BusinessDesk) - New Zealand bank profits rose 20 percent to a record last year as low global interest rates made it easier for lenders to compete for mortgage customers in a highly competitive market.More >>

Fitch affirms AA- credit ratings for big four NZ banks

Wed, 25 Feb 2015 16:09:04 +1300 | BusinessDesk

Feb. 25 (BusinessDesk) - Fitch Ratings, the global rating agency, affirmed the credit ratings of New Zealand's four major Australian-owned banks, saying they have conservative risk appetite, strong profitability and sound asset quality that's expected to continue ...More >>

UPDATE: Trading before Xero capital raise 'reeks': Forbarr

Wed, 25 Feb 2015 15:56:01 +1300 | BusinessDesk

Feb. 25 (BusinessDesk) - Share trading ahead of this morning's announcement of a $147.2 million capital-raising by Xero, which caused an unexplained jump in its share price, "reeks to high heaven," says David Price, the head of institutional ...More >>

Energy Mad to raise $2.24M in rights issue at 13% discount

Wed, 25 Feb 2015 15:28:22 +1300 | BusinessDesk

Feb. 25 (BusinessDesk) - Energy Mad, the unprofitable energy efficient light bulb marketer, wants to raise up to $2.24 million in a discounted rights issue to firm up its books and help fund its growth plans.More >>


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