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IAG's New Zealand unit boosts annual profit 56%
By Tina Morrison Aug. 19 (BusinessDesk) - Insurance Australia Group's New Zealand unit, the nation's largest general insurer, boosted annual profit 56 percent after hiking household premiums, increasing customer sales through the internet and as a higher local currency boosted...
Sir Ralph Norris to take up Fletcher chair in October
By Paul McBeth Aug. 19 (BusinessDesk) - Sir Ralph Norris, the former head of Commonwealth Bank of Australia, will take the chair of Fletcher Building in October, replacing the retiring Ralph Waters. Fletcher today announced Norris would take over as chairman on Oct. 21, hav...
Transpacific Industries returns to profit, helped by sale of NZ unit
By Suze Metherell Aug. 19 (BusinessDesk) - Transpacific Industries Group, the Queensland-based waste-management company, returned to profit and will resume paying dividends after a six-year pause after using proceeds from asset sales to repay debt. Profit from continuing an...
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