UPDATE: Suncorp NZ earnings boosted by new migrants in need of car, home insurance
(Recasts to reflect comments from NZ CEO) By Paul McBeth Aug. 4 (BusinessDesk) - Suncorp Group's New Zealand businesses were buoyed by the country's record net inflow of migrants, whose need for car and house cover helped lift the insurer's annual earnings. The Australi...
Suncorp's NZ general insurance lifts earnings 12%, still focused on costs
By Paul McBeth Aug. 4 (BusinessDesk) - Suncorp Group's New Zealand general insurance units Vero and AA Insurance lifted annual earnings as they benefitted from growth in more profitable motor business, although the local group is still focused on stripping out costs. The N...
Ebos eyes Australian retail pharmacy with Terry White deal
By Paul McBeth Aug. 4 (BusinessDesk) - Ebos Group plans to beef up its Australian retail pharmacy exposure selling its 270-store Chemmart business to Terry White Group and taking a 50 percent stake in the enlarged pharmacy chain. The deal is subject to several conditions i...
Kathmandu says annual profit rose as much as 67% on wider margins
By Paul McBeth Aug. 4 (BusinessDesk) - Kathmandu Holdings says annual profit rose as much as 67 percent as better-run promotions widened the outdoor equipment chain's margins. Net profit was between $33 million and $34 million in the 12 months ended July 31, up from $20.4...
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