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Our investments section covers wealth management, investing and KiwiSaver. Investments editor Frances Cook hosts New Zealand's number one business podcast, Cooking the Books, as well as writing news a
asb grows lending and fattens margins
ASB Bank grew both its business and mortgage lending faster than total bank lending in the year ended June and its net interest margin (NIM) fattened by 18 basis points in the second half of the year.
mark flay leaves cullen investments board
By Suze Metherell April 15 (BusinessDesk) - Mark Flay, chief financial officer of Cullen Investments, the investment vehicle for millionaire Eric Watson, is no longer a director of the company. Flay
new zealand king salmon investments 1
$0.29 Open $0.29 0.005 0% January 24, 2024, 6.12am Today 5D 1M 1Y 2Y Key announcement - click for info Created with Highcharts 8.2.2Mar '23May '23Jul '23Sep '23Nov '23Jan '240.20.30.150.25 20 minute d
under fire nz automotive investments loses confidence of financier
NZX-listed NZ Automotive Investments (NZAI) has lost the confidence of its financier following its recent boardroom drama. Last month, three independent directors of the car sales and auto finance com
stuff exits fibre electricity investments
Stuff has sold its fledgling broadband business, Stuff Fibre, to Australian-owned telco Vocus and confirmed the sale of its stake in power retailer Energyclubnz to management as it turns its atten
fe investments receiver dobs in potential breaches to regulators
The receiver of failed financier FE Investments has reported to regulators on what it thinks might be breaches of directors’ duties or legal obligations. Calibre Partners’ Neale Jackson and Bren
asb showgrounds owe about 48m
The ASB Showgrounds went into liquidation on June 22 owing more than $4.8 million, the first liquidator's report shows. Liquidator Paul Vlasic of Rodgers Reidy said the showground's custodians, the Au
asb sells aegis investment administrator to mmc
ASB Bank says it has sold its investment administration and custody business Aegis to MMC, a specialist outsourcing and investment administration business based in Auckland, for an undisclosed sum. Th
auckland tech firm activate acquired by sydney group
An Australian software group has bought a long-standing Auckland technology business and is searching for more New Zealand acquisitions. Sydney-based Software Combined Group, which buys software compa
still waiting for business lending revival asb
Business sentiment is improving but it hasn't yet tipped over into appetite for borrowing, according to ASB Bank chief executive Vittoria Shortt. "I think the sentiment is changing but we haven't yet.
asset pricing rules deterring kiwisaver funds from private investments
KiwiSaver providers should be able to opt out of rules that are hindering them from chasing potential higher returns in private assets, according to a legal opinion released on Thursday. The Centre fo
asb is keeping some covid caution
Most of ASB Bank's 39% jump in annual net profit reflected writebacks of covid-related provisioning but the bank is keeping provisioning at elevated levels in case there's further disruption ahead. "W
cdl investments
CDL Investments New Zealand Limited is an Auckland-headquartered land development company which undertakes development of land into residential subdivisions.The company has its origins in the former c
transport investments ltd to list via bethunes backdoor
By Paul McBeth Oct. 27 (BusinessDesk) - New Plymouth-based freight and logistics group Transport Investments Ltd plans to join the NZX through a backdoor listing via Bethunes Investment in a deal valu
asb fans housing market flames
ASB Bank's chief executive is walking a fine line between crowing about how many first-home buyers it helped in the second half of 2020 while stressing her bank had tried to "moderate" the raging hous
asb hikes fixed mortgage rates
ASB is hiking mortgage rates again, targeting terms proving popular among borrowers. The bank is lifting its one-year and 18-month rates by 20 basis points to 7.45% and 7.15% respectively. Meanwhile,.
asb cuts home lending rates again
ASB has moved to cut its three-year home loan rate by 10 basis points to 6.65%, reinforcing the prospect of looming rate cuts by the Reserve Bank of New Zealand in the wake of lower-than-expected infl
asb launches 500m accelerated housing fund
ASB has created a $500 million housing fund to support lending to affordable, social and Māori housing developments. In a statement released on Friday, the bank said the Accelerated Housing Fund woul
asb ups dairy price forecast despite weak chinese demand
Surprisingly strong global prices for dairy products have prompted ASB economists to push their forecast milk price to $7.85 per kilogram of milk solids, compared to Fonterra’s current forecast of a
asb director robert jesudason resigns
By Suze Metherell Nov. 3 (BusinessDesk) - Robert Jesudason, an executive at Commonwealth Bank Australia, has resigned from the board of the Australian bank's New Zealand arm, ASB Bank. Jesudason resig
asb reviews ownership of aegis
By Gavin Evans May 21 (BusinessDesk) - Commonwealth Bank of Australia-owned ASB is considering selling its Aegis investment administration business. The firm, started by Sovereign Insurance and 1996 a
ngapuhi settlement fund to accelerate investments
The investment fund set up to help prepay the eventual Treaty of Waitangi settlement with Ngāpuhi, Tupu Tonu, has committed almost a third of its $150 million as it approaches its second anniversary.
nz auto investments
NZ Automotive Investments Limited Ordinary Shares Company Details Registered Office: 102 Mays Road, Onehunga, Auckland 1061 Postal Address: 102 Mays Road, Onehunga, Auckland 1061 Telephone: 09-869-333
ex fe investments director tk shim cuts bankruptcy deal
The former principal of FE Investments TK Shim has exited his year-long bankruptcy after repaying an outstanding loan in a deal that should’ve been put to the creditor before last year’s proceedin
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*All returns are per annum, after fees and before taxes. Data updated at 1:07pm 09 May 2024 (NZT)
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