Articles by Tamsyn Parker, NZ Herald
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Business
Supermarket plans? Sir Stephen Tindall in share bid for The Warehouse
Monday, 22 July 2024, 11:33amSir Stephen Tindall, founder of the retail giant The Warehouse, and a private equity firm have approached the company to...
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Business
Why tens of thousands of Kiwis can’t get a bank account
Wednesday, 5 April 2023, 8:24amA law designed to stop money laundering is having the unintended consequence of preventing some vulnerable Kiwis from being...
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Business
More than $3.6 billion wiped off value of KiwiSaver in one year
Wednesday, 15 February 2023, 10:34amThe value of KiwiSaver assets fell from $90.2 billion to $86.5b over the 2022 year after sharemarkets worldwide had a rough...
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Business
Savings rise but $57 billion wiped off Kiwis’ net worth
Thursday, 19 January 2023, 1:27pmFalling property values were the main driver in $56.8 billion being wiped off the household net worth of New Zealanders in...
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Business
Retirement Commissioner calls for asset cap rise on accommodation supplement
Tuesday, 29 November 2022, 9:40amThe Retirement Commissioner has called for the asset cap on the accommodation supplement to be increased to at least $42,700...
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Business
Tower profit dragged down by provisions and large claims
Wednesday, 23 November 2022, 2:49pmExtra provisioning for the Canterbury earthquakes and possible customer remediation as well as higher claims for large events...
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News
NZers likely to be caught up in FTX collapse
Wednesday, 16 November 2022, 1:48pmThe Financial Markets Authority has reinforced its warnings to consumers about the risks of trading in crypto assets in the...
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Business
Negative equity warning for home buyers: Rising interest rates test NZ’s financial resilience
Wednesday, 2 November 2022, 11:39amSome households and businesses will be challenged by rising interest rates and financial institutions should take a long-term...
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Business
More banks move to increase interest rates
Friday, 21 October 2022, 2:11pmTwo more banks bumped up their mortgage rates today again in more bad news for borrowers while there are some positive signs...
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Business
Bank payouts to wronged customers top $109 million in four years
Thursday, 6 October 2022, 12:00pmBanks have paid out $109 million in remediation to 952,000 customers after New Zealand regulators reviewed the sector. Last...
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Business
Heavy discounts as ANZ launches green business loans
Friday, 2 September 2022, 2:25pmANZ is the latest bank to offer discounted loans to businesses that want to fund green initiatives. Businesses will be able...
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Business
Lollipops Educare Centres sold for $46m
Tuesday, 30 August 2022, 12:52pmEvolve Education Group has a conditional agreement to sell its childcare business Lollipops Educare to a fund managed by...
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Business
Humm to stop offering NZ buy now pay later service
Friday, 26 August 2022, 2:16pmAustralian financial services group Humm is to close down its Kiwi buy now pay later operation on September 25. The ASX-listed...
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Business
Sky-high cost blowout: Air NZ posts $725 million loss
Thursday, 25 August 2022, 10:40amHigher fuel and labour costs have led to Air New Zealand more than doubling its loss in its latest financial year. The airline...
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Business
Kiwibank profit 'best result in 20 years'
Thursday, 18 August 2022, 12:29pmKiwibank's profit has hit a record high after strong home and business lending growth. The state-owned bank's net profit...
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Business
Young adults more likely to have payment problems
Tuesday, 16 August 2022, 2:45pmYoung adults are more likely to have problems meeting payments and be living pay cheque to pay cheque than the population...
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Business
Fisher Funds pays $310 million to buy Kiwi Wealth
Monday, 15 August 2022, 10:59amFisher Funds is to buy Kiwi Wealth from state-owned Kiwi Group Holdings for $310 million in a deal expected to make Fisher...
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Business
Higher natural peril costs pull down profit for insurer IAG
Saturday, 13 August 2022, 12:25pmA significant increase in natural peril costs has dragged down the profits of IAG New Zealand - the country's largest general...
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Business
ASB profit up 11 per cent to $1.47 billion
Wednesday, 10 August 2022, 11:27amLending growth pushed profits at ASB up 11 per cent to $1.47 billion for the year to June 30, despite a slowdown in the property...
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Business
Nearly $5 billion wiped off KiwiSaver value in three months
Wednesday, 10 August 2022, 10:22amThe total value of New Zealanders' KiwiSaver assets fell $4.95 billion in the three months to June 30, bringing it down to...
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Business
AA Insurance owner warns of premium increases
Monday, 8 August 2022, 1:59pmSuncorp, which owns a 50 per cent stake in AA Insurance, has warned of premium increases as it battles rising costs from...
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Business
Six banks to expand regional trial
Friday, 5 August 2022, 12:55pmA regional banking hub trial involving six major banks is to extend until the end of next year and add another four hubs. The...
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Business
Only a third of Kiwis know what to do if their bank or insurer treats them unfairly
Thursday, 4 August 2022, 12:17pmA quarter of Kiwis find it hard to find suitable financial products and services while only a third would know what to do...
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Business
Multi-million dollar class action lawsuit against ANZ, ASB to include all affected customers unless they opt-out
Tuesday, 2 August 2022, 12:51pmCustomers who don't want to be part of a multi-million dollar class action lawsuit against the ANZ and ASB banks will have...
