Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Heritage buys Golden Healthcare; not mystery Metlife suitor
Heritage Lifecare has bought the Golden Healthcare Group in Christchurch for an undisclosed sum to make it New Zealand's third-largest aged care provider.The acquisition brings seven new aged care homes and two adjoining villages into the Heritage portfolio, taking Heritage's tot...
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Finance
End to Tower's three year dividend drought in sight
Tower expects to end a three-year dividend drought in 2020 after getting its books back in the black this year on premium growth and a smaller claims bill. The listed general insurer reported a net profit of $16.6 million in the 12 months ended Sept. 30, turning around a loss of...
Finance
A2 Milk says brand strength is its best protection
A2 Milk says its best protection against competition over the longer term is the strength of its brand, not its patent protection. Chair David Hearne said that, as tends to happen when others follow the first disrupter in a market, their main effect is to expand the market rat...
Finance
RBNZ steps up BNZ supervision after capital calculation breaches
The Reserve Bank says it has stepped up its supervisory monitoring of Bank of New Zealand after identifying weaknesses in the bank's capital calculation processes.RBNZ says it's also applying "precautionary adjustments" to BNZ's capital requirements, increasing the risk weight fl...
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