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FMA says ANZ should have reported Hisco house sale in financial statements
By Jenny Ruth Aug. 22 (BusinessDesk) - The Financial Markets Authority says ANZ Bank should have treated the sale of a house in Auckland to former chief executive David Hisco’s wife as a related-party transaction in the bank’s 2017 financial statements. “The FMA determinati...
UPDATE: Ebos shares hit record on promise of increased earnings
(Updating to add share price reaction in lead, 7th par) By Jenny Ruth Aug. 22 (BusinessDesk) - Ebos shares hit a record after it promised “a significant increase” in earnings this year following a flat result for the year ended June. Annual net profit rose to $137.7 mill...
Jenny Ruth: ANALYSIS: Another new head for Xero's American dream
By Jenny Ruth Aug. 22 (BusinessDesk) - Xero has a fraught history of trying to suss out success in North America with what has sometimes had all the hallmarks of an executive revolving door. The company’s slow progress in the US has also long been a disappointment to analys...
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