Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Todd Corp facing fourth defeat on giant WA iron ore mine
Minority shareholders of Todd Corp-controlled Flinders Mines appear determined to vote down proposals for a multi-billion dollar iron ore development in Western Australia’s Pilbara region.While not assured, a defeat looks the more likely outcome at a March 3 extraordinary general...
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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.
Kiwibank grows aggressively, first-half profit down 18%
Kiwibank's first-half net profit fell 18 percent as its interest margin narrowed and operating costs rose but it aggressively increased market share.The bank, which is 53 percent-owned by New Zealand Post, 25 percent by the NZ Superannuation Fund and 22 percent by ACC, reported a...
Law & Regulation
ComCom seeks submissions on 'fit and proper' lenders
The Commerce Commission is seeking feedback on how it should assess whether lenders are "fit and proper" under a new certification regime which kicks in from April next year. Changes to the Credit Contracts and Consumer Finance Act were approved in December and will require th...
Law & Regulation
'Dishonest' Allan Hawkins banned as director
Convicted fraudster and 1980s high-flyer Allan Hawkins has been banned from any management role in a company for eight years.The order by district court judge Brooke Gibson was sought by the Commerce Commission, which had wanted 10-year bans for Hawkins and his son Wayne, for the...
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