Allied Farmers annual profit sinks 88%

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Allied Farmers posted an 88 percent drop in annual profit after an overhaul of the business increased the firm’s tax bill, and as its profitable livestock unit was held back by the slowing dairy sector. Read more »

Spring into Money Week

Press Release – NZ Bankers’ Association

Its a good time to spring clean your finances and get your money fighting fit says the New Zealand Bankers Association today as Money Week kicks off. Read more »

HiFX Morning Update, August 31 2015

Press Release – HiFX

After what was a tumultuous start to the week, the closing 24hrs was relatively calm with risk appetite picking up again following Chinas stock market rebound, and comments from this weekends Jackson Hole meeting with the Fed, ECB and BoE all … Read more »

Minister welcomes Money Week 2015

Press Release – New Zealand Government

Empowering people to be better with money is the key focus for Money Week, says Commerce and Consumer Affairs Minister Paul Goldsmith. Read more »

NZ dollar slips on optimism about US rate hike

Article – BusinessDesk

Aug. 31 (BusinessDesk) – The New Zealand dollar slipped as the US dollar strengthened after Federal Reserve officials signalled the US central bank is on track for a potential rate hike next month. Read more »

Institute welcomes ‘game changing’ Reserve Bank tweak

Press Release – New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, has welcomed a recent policy change, by the Reserve Bank calling it a game changer and a massive step in the right direction. Read more »

More talking could avoid bank-customer woes

Press Release – Banking Ombudsman

A lack of good communication can be blamed for most complaints about banks, says the new head of the Banking Ombudsman Scheme. Read more »

Statement on the Aupouri Trust Board Financial Issues

Press Release – Te Runanga a Iwi o Te Aupouri

Rick Witana the Chair of Te Runanga Nui o Te Aupouri, the entity set up to receive the Aupouri Treaty Settlement in coming months, welcomes the Minister of Maori Affairs appointment of a statutory manager and investigation into the financial activities … Read more »

UPDATE: Kiwibank comes of age, pays first annual dividend

Article – BusinessDesk

Aug. 28 (BusinessDesk) – Kiwibank, the banking unit of state-owned New Zealand Post, will pay its first annual dividend after 13 years of operation, reflecting its increased size, record profits and its ability to fund its own activities. Read more »

Kiwibank announces strongest-ever result

Press Release – Kiwibank

Kiwi Group Holdings Limited (KGH), which includes Kiwibank Limited and associated companies involved in Wealth Management, Insurance and New Zealand Home Loans, has achieved an after tax profit of $132 million for the year ended 30 June 2015. Read more »

NZ Post boosts profit 34% on asset sales, Kiwibank

Article – BusinessDesk

Aug. 28 (BusinessDesk) – New Zealand Post Group lifted annual profit 34 percent, booking a one-off gain from the sale of its Australian business, Couriers Please, while at home its Kiwibank unit boosted earnings. Read more »

Kiwibank comes of age, set to pay first annual dividend

Article – BusinessDesk

Aug. 28 (BusinessDesk) – Kiwibank, the banking unit of state-owned New Zealand Post, will pay its first annual dividend after 13 years of operation, reflecting its increased size, record profits and its ability to fund its own activities. Read more »

FMA releases enforcement and investigations report 2015

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) today published its enforcement and investigations report for the year ending 30 June 2015. Read more »

HiFX Morning Update, August 28 2015

Press Release – HiFX

The NZDUSD opens at 0.6460 (mid-rate) this morning. Read more »

NZ dollar advances as commodity-linked currencies buoyed

Article – BusinessDesk

Aug. 28 (BusinessDesk) – The New Zealand dollar edged up along with other commodity linked currencies, with gains limited by a stronger US dollar buoyed by better economic data. Read more »

Westpac – New Zealand’s First Dementia Friendly Bank

Press Release – Westpac

Westpac has become New Zealands first dementia-friendly bank in partnership with Alzheimers Auckland in a move to support the 50,000 people living with dementia in New Zealand. Read more »

Mobil says Z purchase of Caltex concentrates loyalty schemes

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Mobil Oil New Zealand says Z Energys acquisition of the rival Caltex and Challenge! service station chains would concentrate fuel discount arrangements within a single market player and undermine competition in the market. Read more »

Investigation launched into Aupori Maori Trust Board

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Maori Development Minister Te Ururoa Flavell has launched a ministerial investigation into the financial woes at Aupouri Maori Trust Board, which led it to stop providing services this week. Read more »

Hellaby returns to profit in 2015

Article – BusinessDesk

Hellaby returns to profit in 2015 as acquisitions add earnings; plans to sell footwear units Read more »

Minister announces investigation

Press Release – The Maori Party

Mori Development Mori Te Ururoa Flavell announced today that he will direct a ministerial investigation into the affairs of Aupuri Mori Trust Board, under section 33 of the Mori Trust Boards Act 1955. Read more »

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