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FMA lines up two KiwiSaver issuers over ‘potentially misleading statements’ in offer docs

FMA lines up two KiwiSaver issuers over ‘potentially misleading statements’ in offer docs

By Paul McBeth June 21 (BusinessDesk) - The Financial Markets Authority is preparing to take action against two unnamed KiwiSaver issuers for making misleading statements in their offer documents as it puts the state-sponsored retirement schemes under greater scrutiny. After...

21 Jun 2013
Sell Chorus, says Deutsche Bank, as regulatory risk multiplies

Sell Chorus, says Deutsche Bank, as regulatory risk multiplies

By Pattrick Smellie June 21 (BusinessDesk) – Telecommunications network owner Chorus faces too much regulatory risk and too little political will to overcome the cost blow-outs and pricing uncertainties under contracts to roll out the ultra-fast broadband network, say analysts...

21 Jun 2013
Precinct Properties ups portfolio value 2.6 percent, signs new and bigger bank facility

Precinct Properties ups portfolio value 2.6 percent, signs new and bigger bank facility

June 21 (BusinessDesk) - Precinct Properties New Zealand, formerly AMP NZ Office, has lifted the value of its property portfolio 2.6 percent on a rising Auckland market, and has signed a new and bigger banking facility with existing lenders. The value of the Auckland-based pro...

20 Jun 2013