Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
More extreme weather events hit IAG’s margins
Finance

More extreme weather events hit IAG’s margins

The insurer's New Zealand arm reported an insurance profit of A$220 million (NZ$242m), down from A$305m. 

Riley Kennedy 12 Aug 2022
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First Mortgage Trust
First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
Rakon warns earnings may fall as chip shortage eases
Finance

Rakon warns earnings may fall as chip shortage eases

Rakon expects underlying earnings of between $36m and $44m.

Staff reporters 11 Aug 2022
ASB sees no sign of mortgage stress: Shortt
Finance

ASB sees no sign of mortgage stress: Shortt

ASB has paid its parent, Commonwealth Bank of Australia, $975 million in dividends in the year ended June and plans to pay another $400m in September.

Jenny Ruth 11 Aug 2022
Cigna breaches fair dealing rules
Finance Free

Cigna breaches fair dealing rules

Cigna Life Insurance has admitted to misleading more than 52,000 customers.

Ella Somers 10 Aug 2022