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21
May, 2019

Today’s business news: What you need to know

In today’s business news – Inverstore makes a smaller full year profit, and the Commerce Commission urges for feedback on a new regulatory regime for fibre networks.

20
May, 2019

Tower makes $11.9m profit for half year

The insurance company has returned to profit as higher premiums, better weather in the Pacific and its digital transformation, begin to pay off.

20
May, 2019

Businesses concerned over auditors’ integrity – FMA

Investors have a wariness about auditors who check company finances because they believe they lack independence and there is not enough competition in the sector.

20
May, 2019

Today’s business news: What you need to know

In today’s business news – Steel and Tube has lowered its full year earnings forecast and growth in the service sector continues to slow down.

19
May, 2019

Kiwi Property makes $138m net profit for the year

The property investor’s result comes as it continues to reinvest in its Auckland retail and office properties.

19
May, 2019

Genesis Energy to end coal use ‘if we can’ by 2030

The country’s largest power company is easing off its plan to stop using coal completely by 2030.

17
May, 2019

US lifts steel and aluminium tariffs on Canada

The US has reached a deal with Canada to lift tariffs on steel and aluminium imports in a move that could lead to approval for a new North American trade deal.

17
May, 2019

Today’s business news: What you need to know

In today’s business news – the manufacturing sector continues to expand, wholesale inflation falls and ASB forecasts a slowing economy.

17
May, 2019

ANZ ticked off by regulator, forced to hold $760m of capital

The Reserve Bank has censured the country’s largest bank, ANZ, for not properly calculating its risk and ordered it to increase its capital.

17
May, 2019

Cheques still allowed at big banks

New Zealand’s four biggest banks will continue to honour cheques, even though Kiwibank is scrapping the service.

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