Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Ambitious Australian trustee firm makes kiwi push
By Victoria Young Aug. 27 (BusinessDesk) - Aussie upstart Sargon, best known in this market for its row with Perpetual Guardian owner Completus, is attempting another foray into the local trustee market. Sargon, which made headlines after its deal to buy Completus soured i...
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Finance
Metlifecare eschews a share buyback for investing in growth
By Jenny Ruth Aug. 27 (BusinessDesk) - Metlifecare has ruled out trying to see whether a share buyback would help narrow the deep discount to net tangible assets because it believes it can add more value using available funds to keep developing its retirement village portfolio...
Finance
Fasten seatbelts for the Trump twitter-storm fallout
By Jenny Ruth Aug. 26 (BusinessDesk) - It will be a case of fasten your seat belts and expect turbulence as markets across Asia open today after the escalation of the US-China trade war, US President Donald Trump's tweets labelling his own Federal Reserve chair Jerome Powell a...
Finance
Kiwibank's annual profit eases as fee income drops
By Jenny Ruth Aug. 23 (BusinessDesk) - Kiwibank’s annual net profit fell $7 million, reflecting both lower fee income and one-off gains in the previous year. Net profit fell to $108 million for the year ended June despite net interest income rising 8.3 percent to $445 milli...
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