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Westpac Bank

Allied Farmers halts capital raising, talks continue

Allied Farmers halts capital raising, talks continue
Wellington, Aug 9 NZPA - Allied Farmers Ltd is halting a previously announced capital raising while it talks to the trustee of its finance unit Allied Nationwide Finance.

Allied Farmers' finance company receives notice of breach

Allied Farmers' finance company receives notice of breach
Wellington, Aug 6 NZPA - Allied Farmers Ltd's finance company has suspended its prospectus and is in talks with its trustee about a disputed breach of its trust deed finance ratios.

Auckland Airport Lower, Infratil Higher On Australian Deals

Auckland Airport Lower, Infratil Higher On Australian Deals
Wellington, Jan 11 NZPA - Shares in Auckland Airport fell today on news of an investment in Australia while shares in Infratil rose on news of a divestment in Australia.

Auckland Airport Buys Stake In Cairns, Mackay Airports

Auckland Airport Buys Stake In Cairns, Mackay Airports
Wellington, Jan 11 NZPA - Auckland Airport is looking to boost international passenger numbers through its Auckland operations on the back of a $A132.8 million ($NZ166m) deal to buy a stake in airports in north Queensland.

Auckland Airport Lower After Queensland Deal

Auckland Airport Lower After Queensland Deal
Wellington, Jan 11 NZPA - Shares in Auckland Airport fell when the New Zealand sharemarket opened for the week, after the company announced a deal to buy stakes in Cairns and Mackay airports in Queensland.

NZ Dollar Again Falls Just Short Of US69c

NZ Dollar Again Falls Just Short Of US69c
Wellington, Sept 7 NZPA - The New Zealand dollar bumped along a plateau today, before its latest attack on the US69c resistance level petered out, again.

Westpac Loses Bid To Recover Cash From Mortgage Fraud

Westpac Loses Bid To Recover Cash From Mortgage Fraud
Wellington, July 10 NZPA - Westpac Bank has failed to persuade the Supreme Court to reverse a decision in lower courts which cleared a solicitor of liability in a mortgage fraud which cost the bank $180,000.

Bradbury Loses Appeal Against Westpac

Bradbury Loses Appeal Against Westpac
Wellington, June 8 NZPA - An Auckland law firm that pursued a lawsuit against Westpac Bank has lost an appeal against costs of more than $1 million.

House Prices Fall Below Fair Price For Investors, Economist Says

House Prices Fall Below Fair Price For Investors, Economist Says
Wellington, March 24 NZPA - For the first time since late 2006 house prices have fallen below a fair price that investors should be willing to pay, Westpac Bank says.

NZ Dollar Closing In On US50c Level

NZ Dollar Closing In On US50c Level
Wellington, Feb 2 NZPA - The New Zealand dollar edged closer to a six-year low against the greenback today, as data confirmed a slowing job market. The kiwi slipped below US50.20c briefly in late-afternoon trade and by 5pm was buying US50.33c from US50.85c at 8am today.

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