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Economy
Weak red meat prices drop ANZCO Foods' profit nearly 60%
But, unlike other major processors, it still managed to turn a profit.
News in Brief
Rosemary Banks named NZ ambassador to US
Rosemary Banks has been appointed New Zealand's new ambassador to the United States.Banks, chair of the NZ-US Council, served as NZ's ambassador to Washington from 2018 to 2022. She has also headed NZ diplomatic missions to New York and Paris and served as deputy secretar...
Economy
ANZ increases cash profit as net interest margins get squeezed
ANZ New Zealand has reported a 4% increase in its half-yearly profit despite pressure squeezing its margins.The bank's cash profit increased to $1.15 billion in the six months to March, up from $1.1b in the same period last year, but stable compared to the second half of its...
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Pattrick Smellie
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Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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