Smiths City looks at expanding profitable finance unit

Article – BusinessDesk

Aug. 21 (BusinessDesk) – Smiths City Group sees a “significant opportunity” in building out its high margin finance business and is weighing up options to expand its offering, says chief executive Roy Campbell. Read more »

FMA expects settlement with Prince and Partners Trustee Co

Article – BusinessDesk

Aug. 21 (BusinessDesk) – The Financial Markets Authority expects to shortly reach a settlement with Prince and Partners Trustee Co just as civil proceedings kick off in the Auckland High Court. Read more »

nib NZ continues strong gains to deliver pleasing result

Press Release – nib NZ

nib holdings limited (ASX: NHF) today announced that its New Zealand operations had improved top line growth and earnings during financial year 2017. Premium revenue lifted 14.9%1 to NZ$210.9 million (AU$199.3 million) and underlying operating profit … Read more »

Initial Coin Offerings – not immune from regulation

Press Release – Russell McVeagh

Despite being a novel and still-developing form of capital raising, initial coin offerings (ICOs) raise significant questions as to how legal obligations may be enforced and applied, according to insights released today from leading law firm, Russell … Read more »

Fair share of prosperity might be lost for many Kiwis

Press Release – Chartered Accountants Australia and New Zealand

New paper warns that a fair share of prosperity might be lost for many Kiwis Read more »

HiFX Morning Update, August 22 2017

Press Release – HiFX

The NZDUSD opens at 0.7313 (mid-rate) this morning. The NZD along with other commodity linked currencies had a solid end to the trading week on the back of rising commodity prices and an increase in risk appetite following the resignation of Trumps controversial … Read more »

Paymark lifts profit, sales in 2017

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Paymark,the EFTPOS terminal provider owned by the four major banks, lifted earnings and sales in 2017, as its owners continue to search for a buyer. Read more »

CBL says 1H earnings dropped 36% due to increased reserves

Article – BusinessDesk

Aug. 18 (BusinessDesk) – Auckland-based credit surety and financial risk insurer CBL Corp says first half operating earnings fell 36 percent, largely due to a $16.5 million increase in CBL Insurance’s reserves to cover future claims, although revenue … Read more »

Politics Live at FSC & Workplace Savings Conference

Press Release – Financial Services Council

15 August 2017 – The Financial Services Council and Workplace Savings NZ have today confirmed three leading NZ politicians will be speaking at the Navigating Change conference on 7-8 September. Read more »

HiFX Morning Update, August 18 2017

Press Release – HiFX

The NZDUSD opens at 0.7294 (mid-rate) this morning. The NZD has traded a 115 point or 1.6% range this week against the USD finishing moderately lower from where it started. NZ producer output prices (the prices producers get for their goods and … Read more »

Mastercard Reminds Kiwis to Manage their Finances Wisely

Press Release – Mastercard

Auckland, New Zealand 17 August 2017 This Money Week, the vast majority of New Zealanders are thinking about saving, retirement and planning ahead, according to the latest research from Mastercard. Mastercards biannual research on money … Read more »

NZ Q2 Producer Price Index Release

Press Release – HiFX

The NZ Q2 Producers Price Index (PPI) for has just been released. The PPI came in better than expected. NZ PPI Q2 (compared with Q1): PPI Inputs +1.4% Consensus +0.9% PPI Outputs +1.3% Consensus +0.7% The NZD-USD is little moved in immediate response. … Read more »

Freightways Acquires Australian Medical Waste Company

Press Release – Freightways

Freightways Limited (Freightways) has diversified its presence in the Australian market with the purchase of the business and assets of State Waste Services (Australia) Pty Ltd and its related entities (collectively, SWS). SWS provides medical waste … Read more »

Not all bonds are equal – FMA survey

Press Release – Financial Markets Authority

Over 1 million New Zealanders have more than $15 billion invested in conservative or default KiwiSaver funds, mostly invested in fixed-interest assets, including bonds. However, only four in ten KiwiSaver members surveyed by the FMA knew that that most … Read more »

HiFX Morning Update, August 17 2017

Press Release – HiFX

The NZDUSD opens at 0.7317 (mid-rate) this morning. This mornings FOMC meeting minutes have shown there is a growing split between policy makers on the timing of future interest rate hikes, with some officials arguing that the FOMC could afford … Read more »

KiwiSaver HomeStart continues to grow

Press Release – New Zealand Government

KiwiSaver HomeStart is playing an increasing role in helping home buyers purchase their first property, Building and Construction Minister Dr Nick Smith says. The second full year of the scheme has seen 15,400 first home buyers assisted with $75 … Read more »

Read, ask, disclose: Money Week tips

Press Release – Money Week

Read and understand now, and avoid problems later, says Karen Stevens, Insurance & Financial Services Ombudsman. Read more »

What does debt do for you?

Press Release – Money Week

02 Aug 2017 – The Banking Ombudsman Scheme is pleased to support Money Week 2017. This year Money Week runs from 14 – 20 August 2017 with the theme what does debt do for you? Read more »

HiFX Morning Update, August 16 2017

Press Release – HiFX

The NZDUSD opens at 0.7238 (mid-rate) this morning. A combination of broad USD strength and a fall in dairy prices has seen the NZD underperform overnight. The NZD is the weakest of the G10 currencies with the NZDUSD currently trading at 5-week lows. This … Read more »

NZ Super Fund not aiming for a zero carbon portfolio

Article – BusinessDesk

Aug. 15 (BusinessDesk) – The New Zealand Superannuation Fund is not aiming for a zero carbon portfolio and will keep investing in energy companies if they are making significant advances regarding climate change risk, says chief executive Adrian Orr. Read more »

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