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Westpac, BNZ next up in bank fees' class suit
By Paul McBeth Aug. 18 (BusinessDesk) - Westpac Banking Corp and Bank of New Zealand are the next two lenders to face a class suit over penalty fees. Lawyers for the Fair Play on Fees suit will file papers in the High Court in Auckland on Wednesday against the two lenders,...
Contact Energy profit up 17.6% on new plant and hydro gains
By Pattrick Smellie Aug. 18 (BusinessDesk) - The stars aligned for Contact Energy in the year to June 30, producing a 17.6 percent increase in net profit at $234 million and a second dividend increase for shareholders in two years, as a new geothermal power station came on str...
Meridian Energy beats prospectus forecast with 22% drop in full-year profit
By Jonathan Underhill Aug. 18 (BusinessDesk) - Meridian Energy, which went public in October with a listing of installment receipts, posted a 22 percent decline in full-year profit in a market where retail electricity demand was flat and wholesale prices fell. Profit was $2...
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