Services
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Heartland backs Reserve Bank capital proposals to dull advantage for 'big four'
By Paul McBeth July 2 (BusinessDesk) - Heartland Bank expects to see a more competitive landscape if the Reserve Bank goes ahead with plans restricting the big four Australian-owned banks' use of internal models to calculate how much capital they need to hold. The minnow l...
Primary Sector
Agri-tech sector to pioneer govt industry transformation strategy
By Pattrick Smellie July 2 (BusinessDesk) - Agricultural technology should be one of New Zealand's leading sources of high-value jobs, exports and improved farming practice, but has failed to grow much in the last decade, prompting the government to make it the focus of the fi...
Policy
Mild weather trims Orion's full-year profit
By Gavin Evans July 1 (BusinessDesk) - Orion New Zealand, the country’s third-largest power distributor, says full-year profit was about $2.5 million lower than target due to mild weather and a tough year for the firm’s Connetics contracting arm. The company, owned by the C...
Abano shares rise 10% as dental sector consolidation shakes out interest
By Paul McBeth July 1 (BusinessDesk) - Abano Healthcare shares rose 10 percent as the medical investor considers "various expressions of interest" as the Australian dental sector faces consolidation. The stock climbed 35 cents to $3.85 in early trading, but has almost halve...
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