ANZ New Zealand earnings drop 9% on skinnier margins, more bad debts
By Paul McBeth Nov. 3 (BusinessDesk) - ANZ New Zealand, the local unit of Australia & New Zealand Banking Group, posted a 9 percent fall in annual earnings as margins at the country's biggest lender got squeezed by more expensive funding and stiff competition for mortgage lend...
Scales to buy Hawke's Bay apple grower Longview for $20.5 mln
By Paul McBeth Nov. 3 (BusinessDesk) - Scales Corp has agreed to buy Hawke's Bay apple grower, packer and marketer Longview Group Holdings for $20.5 million, adding capacity to sell fruit into the fast-growing Asian market. The Christchurch-based company's Mr Apple subsidi...
Tightening labour market fails to spur higher wages
By Paul McBeth Nov. 2 (BusinessDesk) - A tighter New Zealand labour market hasn't managed to spur higher wages, even as jobs growth outstrips an expanding population and as firms find it increasingly difficult to find new staff. The private sector component of the labour c...
No 'preconceived ideas' in Fisher Funds hunt for new chief, chairman Wells says
By Paul McBeth Nov. 2 (BusinessDesk) - The board of Fisher Funds Management doesn't have any preconceived ideas about a potential replacement for managing director Carmel Fisher, who's signaled her desire to step back from the day-to-day running of the country's fifth-biggest...
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