Weak red meat prices drop ANZCO Foods' profit nearly 60%
Economy

Weak red meat prices drop ANZCO Foods' profit nearly 60%

But, unlike other major processors, it still managed to turn a profit.

Riley Kennedy 07 May 2024
ANZ increases cash profit as net interest margins get squeezed
Economy

ANZ increases cash profit as net interest margins get squeezed

ANZ New Zealand has reported a 4% increase in its half-yearly profit despite pressure squeezing its margins.The bank's cash profit increased to $1.15 billion in the six months to March, up from $1.1b in the same period last year, but stable compared to the second half of its...

Riley Kennedy 07 May 2024
Homeowners dealing with interest rate pressure: Westpac
Economy

Homeowners dealing with interest rate pressure: Westpac

The bank's home loan book grew 3% in the first half.

Riley Kennedy 07 May 2024