All News
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...
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...
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...