UPDATE: Trading before Xero capital raise ‘reeks’: Forbarr

Article – 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 … Read more »

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

Article – 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. Read more »

UPDATE: Kiwibank cancels cards after 2 ATMs hit by scam

Article – BusinessDesk

Feb. 25 (BusinessDesk) – Kiwibank, the government owned lender and subsidiary of New Zealand Post, has taken urgent action and frozen some customer accounts after two of its ATMS were fitted with card skimming devices and funds were taken offshore. Read more »

NZ equity capital markets – trends and insights for 2015

Press Release – Chapman Tripp

Coming off 2014, which was an extraordinary year for New Zealands equity capital markets, 2015 is promising some new trends and the first full year of implementation of the Financial Markets Conduct Act. Read more »

AMP360 Home Loan Affordability report

Press Release – Interest.co.nz

A fall in prices and interest rates saw housing affordability improve an overall 4% in January Read more »

NZ Treasury to put more acid on Crown entity boards

Article – BusinessDesk

Feb. 25 (BusinessDesk) – The New Zealand Treasury has pulled in private sector directors to give it advice on how to put Crown entity boards under more scrutiny so as to avoid another rapid deterioration such as witnessed by coal miner Solid Energy. Read more »

Independent review finds FSCL effective

Press Release – Financial Service Complaints Limited

Dispute resolution scheme Financial Service Complaints Limited (FSCL) has welcomed an independent review which confirms it is doing its job efficiently and effectively. Read more »

Strong banks fuel economic growth – FIPS

Press Release – NZ Bankers’ Association

KPMGs Financial Institutions Performance Survey for the 2014 financial year has found that New Zealands strong banking sector is fueling the countrys economic growth. Read more »

NZ dollar holds steady after cautious Fed testimony

Article – BusinessDesk

Feb. 25 (BusinessDesk) – The New Zealand dollar was little changed overnight after Federal Reserve chair Janet Yellen failed to give an indication of when the US may start raising interest rates at her semi-annual testimony to the senate banking committee. Read more »

Kiwibank cancels eftpos, debit cards in fraud investigation

Article – BusinessDesk

Feb. 24 (BusinessDesk) – Kiwibank, the government-owned lender and subsidiary of New Zealand Post, has taken urgent action and frozen some customer accounts after detecting card fraud. Read more »

NZ dollar falls as inflation expectations ease

Article – BusinessDesk

Feb. 24 (BusinessDesk) – The New Zealand dollar fell after inflation expectations dwindled in the Reserve Bank’s latest survey of local firms, who didn’t expect the central bank to raise interest rates this year, and ahead of US Federal Reserve chair … Read more »

Term deposits: Kiwibank offers outstanding value

Press Release – Canstar

CANSTAR releases its 2015 Term Deposit Award report today, researching and rating nine banks to determine which offer outstanding value for consumers through their suite of term deposits. Read more »

Press Release — 24/2/2015 8:00am

Press Release – Queers Against Injustice

We write and act to bring further attention to the injustices that the practice of Pinkwashing brings about. Read more »

Digital wallets lock in the benefits

Press Release – Mastercard

Auckland, New Zealand 24 February, 2015 New Zealanders are increasingly shopping online, although many have yet to fully unlock the benefits of digital wallets, according to new research from MasterCard. Read more »

Payment plans a solution for education expenses

Press Release – Cyclone

Payment plans a solution for education expenses From voluntary donations and/or school fees and digital devices to sports fees, field trips and music classes, theres no doubt that education costs. A new partnership between New Zealand owned companies … Read more »

NZ dollar muted as investors await Fed’s Yellen testimony

Article – BusinessDesk

Feb. 24 (BusinessDesk) – The New Zealand dollar was little changed as investors await US Federal Reserve chair Janet Yellen’s semi-annual testimony to US lawmakers for clues as to when the world’s largest economy may raise interest rates. Read more »

NZ dollar may extend decline as Fonterra payout, Yellen loom

Article – BusinessDesk

Feb. 23 (BusinessDesk) – The New Zealand dollar fell against the greenback and may extend its slide on speculation drought in key farming areas will weigh on an economy that may have reached its cyclical peaks, while the Federal Reserve is expected to … Read more »

Kiwibank six-month financial announcement (Jul-Dec 2014)

Press Release – Kiwibank

Kiwibank Banking Group has declared a profit after tax of $71 million for the six months ended 31 December 2014, a 36% increase on the $52 million profit for the same period in 2013. Read more »

NZ Dollar Outlook: Kiwi may decline as Yellen, Fonterra loom

Article – BusinessDesk

NZ Dollar Outlook: Kiwi may decline in volatile trading as Yellen testimony, Fonterra payout loom Read more »

Certus Financial Group is AMP Adviser Business of the Year

Press Release – AMP Financial Services

Leading life insurer and retirement savings provider, AMP Financial Services, is delighted to announce the winner of the AMP Adviser Business of the Year Award, Certus Financial Group, and Director Brendon White as Adviser of the Year. Read more »

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