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FMA pings mortgage brokers over late annual reports
Feb. 19 (BusinessDesk) - The Financial Markets Authority has charged two contributory mortgage brokers for failing to file their annual reports on time. Christchurch-based Prudential Mortgage and Auckland-based First Mortgage Investments have each been charged for failing to d...
Meridian won’t invest more in Australia if renewables target is scrapped
By Pattrick Smellie Feb. 19 (BusinessDesk) – Meridian Energy won’t invest further in Australian renewable energy projects if the Federal government’s Renewable Energy Target subsidy scheme is scrapped, says chief executive Mark Binns. He was speaking at the company’s first hal...
APN returns to profit, plans A$132M capital raising to fund radio acquisition
By Paul McBeth Feb. 19 (BusinessDesk) - APN News & Media, the Australian publisher of the New Zealand Herald newspaper, returned to profit in 2013 after streamlining its businesses and plans to raise A$132 million to buy out its partner in trans-Tasman radio assets. The Sydne...