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Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Heartland raises profit guidance, no decision on covid provision
Markets

Heartland raises profit guidance, no decision on covid provision

Heartland's strong underlying profit momentum continued in the March quarter. 

Staff reporters 10 May 2021
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Kerr backs down on trying to stop mortgagee sales
Property

Kerr backs down on trying to stop mortgagee sales

But the BNZ might not get everything it says it's owed. 

Paul McBeth 10 May 2021
Goodwill: What is it good for?
Opinion Free

Amir Ghandar and Matthew Pinnuck: Goodwill: What is it good for?

It's time to rethink how goodwill is treated in balance sheets to reflect the reality that it doesn't last forever.

Amir Ghandar and Matthew Pinnuck 10 May 2021
BNZ main user of govt, RBNZ loan schemes
Markets

BNZ main user of govt, RBNZ loan schemes

BNZ has used government and Reserve Bank loan schemes to support businesses through the covid-19 crisis.

Jenny Ruth 07 May 2021
BNZ lifts first-half net profit 80%
Markets

BNZ lifts first-half net profit 80%

Jenny Ruth 06 May 2021
Fattening bank margins at odds with RBNZ's low rate policy
Law & Regulation

Fattening bank margins at odds with RBNZ's low rate policy

Jenny Ruth 06 May 2021
Final bids due in mortgagee sale of Kerr’s Arrowtown property
Property

Final bids due in mortgagee sale of Kerr’s Arrowtown property

Paul McBeth 06 May 2021
ANZ lifts net profit 18% on covid write-backs
Markets

ANZ lifts net profit 18% on covid write-backs

Jenny Ruth 05 May 2021
Three-year pay freeze for public servants on $100,000-plus
Policy Free

Three-year pay freeze for public servants on $100,000-plus

Pattrick Smellie 05 May 2021
Simplicity opens 2.25% floating mortgage offer to new KiwiSavers

Simplicity opens 2.25% floating mortgage offer to new KiwiSavers

Jenny Ruth 05 May 2021
KiwiSaver providers await final default call
Opinion

David Chaplin: KiwiSaver providers await final default call

David Chaplin 05 May 2021
ASB to pay customers $8.1m for responsible lending failures
News in Brief

ASB to pay customers $8.1m for responsible lending failures

Staff reporters 04 May 2021
Infrastructure plans facing 'significant cost escalation'
Economy

Infrastructure plans facing 'significant cost escalation'

Jenny Ruth 04 May 2021
Westpac fattens margins despite low interest rates
Markets

Westpac fattens margins despite low interest rates

Jenny Ruth 04 May 2021
Westpac NZ doubles 1H profit, McLean to retire
Markets

Westpac NZ doubles 1H profit, McLean to retire

Jenny Ruth 03 May 2021
ANZ Bank's first-half results to be hit with A$817m of one-offs
Markets

ANZ Bank's first-half results to be hit with A$817m of one-offs

Staff reporters 30 Apr 2021
Maharey to replace Rebstock as ACC chair

Maharey to replace Rebstock as ACC chair

Staff reporters 29 Apr 2021
ASB to sell $100m, maybe more, of five-year notes
Markets

ASB to sell $100m, maybe more, of five-year notes

Staff reporters 27 Apr 2021
Westpac's 1H profit hit by A$282m of one-off costs
Markets

Westpac's 1H profit hit by A$282m of one-off costs

Staff reporters 27 Apr 2021
Capital not covid reason for major dairy receivership
Primary Sector

Capital not covid reason for major dairy receivership

Victoria Young 23 Apr 2021
NF Global director says he's quit, as company liquidated
Law & Regulation

NF Global director says he's quit, as company liquidated

Victoria Young 23 Apr 2021
'Moral-hazard madness' or just bringing NZ into line?
Law & Regulation

'Moral-hazard madness' or just bringing NZ into line?

Jenny Ruth 23 Apr 2021
AMP NZ's new cash outflow doubles in Q1
Markets

AMP NZ's new cash outflow doubles in Q1

Staff reporters 22 Apr 2021
Planned bank deposit insurance doubled to $100k
Law & Regulation

Planned bank deposit insurance doubled to $100k

Jenny Ruth 22 Apr 2021
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