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Finance.

Stories tagged with "Finance"

Port Taranaki reports $13.11m profit but warns of future trade drop
Business News

Port Taranaki reports $13.11m profit but warns of future trade drop

Port Taranaki has posted a $13.11 million net profit for the 2025-26 year but warns of a tough future with trade volumes forecast to halve due to shifts in the region's energy sector.

Tony Skilling4 days ago
Toi Foundation votes to sell TSB Bank to Heartland Group for $620 million
Bank Sale

Toi Foundation votes to sell TSB Bank to Heartland Group for $620 million

Toi Foundation trustees have voted to proceed with the $620 million sale of TSB Bank to Heartland Group, despite legal challenges and a rival bid from Kiwibank.

Tony Skilling1 week ago
Kiwibank makes late bid for TSB as High Court clears Heartland deal
Banking News

Kiwibank makes late bid for TSB as High Court clears Heartland deal

Kiwibank has made a last-minute bid to acquire TSB Bank, just as a High Court ruling cleared the way for trustees to vote on a $620 million takeover proposal by Heartland Bank.

Tony Skilling1 week ago
High Court dismisses bid to halt TSB sale to Heartland Group
Court Ruling

High Court dismisses bid to halt TSB sale to Heartland Group

The High Court has dismissed an interim injunction seeking to halt the proposed $620 million sale of New Plymouth-based TSB Bank to Heartland Group Holdings.

Tony Skilling1 week ago
Kiwibank open to TSB merger as Heartland deal faces High Court challenge
TSB Bank

Kiwibank open to TSB merger as Heartland deal faces High Court challenge

Kiwibank's parent company has expressed interest in a potential merger with TSB Bank, just as a community group heads to the High Court to block the proposed Heartland Bank merger.

Tony Skilling2 weeks ago
Employment Leave Bill Passes Final Reading, Replacing Holidays Act 2003
National News

Employment Leave Bill Passes Final Reading, Replacing Holidays Act 2003

The newly passed Employment Leave Bill will allow New Zealand workers to accrue annual and sick leave from their very first day on the job, replacing the Holidays Act 2003.

Tony Skilling1 month ago
NPDC to Hold Extraordinary Meeting on Local Government Reforms and $1.3M Cost
Council Reform

NPDC to Hold Extraordinary Meeting on Local Government Reforms and $1.3M Cost

New Plymouth District Council is meeting to decide on the Taranaki Future Local Government Programme, which could cost the council over $660,000.

Tony Skilling1 month ago
Government to Legally Cap Local Council Rate Increases at Four Percent
Rates Cap

Government to Legally Cap Local Council Rate Increases at Four Percent

Local Government Minister Simon Watts has announced a new policy introducing a two to four percent target range for annual rate increases per capita.

Tony Skilling1 month ago
Toi Foundation extends TSB Bank sale consultation deadline after calculation error
Consultation Extended

Toi Foundation extends TSB Bank sale consultation deadline after calculation error

The Toi Foundation has reopened public consultation on the proposed $620 million sale of TSB Bank to Heartland Bank, extending the deadline to August 12th after admitting a calculation error.

Tony Skilling1 month ago
Legal Action Threatened Over Proposed $620 Million TSB and Heartland Bank Merger
Legal Dispute

Legal Action Threatened Over Proposed $620 Million TSB and Heartland Bank Merger

The Taranaki Community Accountability Society has threatened High Court action against Toi Foundation to halt the proposed merger of TSB and Heartland Bank.

Tony Skilling1 month ago
Toi Foundation Reopens TSB and Heartland Bank Merger Consultation After Error
Public Notice

Toi Foundation Reopens TSB and Heartland Bank Merger Consultation After Error

The Toi Foundation is reopening the public consultation period for the proposed TSB and Heartland Bank merger after an error cut the initial feedback window short.

Tony Skilling1 month ago
TSB Wins Canstar 2026 Everyday Banking Award
Award Winner

TSB Wins Canstar 2026 Everyday Banking Award

TSB has been awarded the 2026 Everyday Banking Award by Canstar on the strength of its well-rounded product range and high customer satisfaction.

Tony Skilling2 months ago
TSB Bank Merger Consultation Closes as Competitors Invest in Digital Overhauls
Banking Merger

TSB Bank Merger Consultation Closes as Competitors Invest in Digital Overhauls

As the public submission period for the proposed TSB and Heartland Bank merger closes, rival banks SBS and The Co-operative Bank are investing heavily in cloud-native digital overhauls.

Tony Skilling2 months ago
Green Party Corrects $800 Million Accounting Error in Election Tax Policy
Election Policy

Green Party Corrects $800 Million Accounting Error in Election Tax Policy

The Green Party has defended its economic credibility after correcting an $826 million accounting error in its newly released election tax policy, which co-leader Chlöe Swarbrick described as a typo.

Tony Skilling2 months ago
Submissions Close Tuesday on Proposed $620 Million TSB and Heartland Bank Merger
Bank Merger

Submissions Close Tuesday on Proposed $620 Million TSB and Heartland Bank Merger

Taranaki residents have until 5pm on Tuesday 30 June to submit feedback on the proposed $620 million merger between TSB and Heartland Bank before trustees vote.

Tony Skilling2 months ago
TSB Bank Reports $63.3 Million Net Profit Before Tax
Financial Results

TSB Bank Reports $63.3 Million Net Profit Before Tax

TSB Bank has reported a net profit before tax of $63.3 million for the year ended 31 March 2026, representing a 10% increase on the previous year.

Tony Skilling2 months ago
New Plymouth District Council Adopts 2026/27 Annual Plan with 4.9% Rates Rise
Council Rates

New Plymouth District Council Adopts 2026/27 Annual Plan with 4.9% Rates Rise

New Plymouth District Council has adopted its 2026/27 Annual Plan, delivering a 4.9 percent rates increase, which is significantly lower than originally forecasted.

Tony Skilling2 months ago
Councillors Back Mayor Max to Advocate on Proposed TSB and Heartland Bank Merger
Bank Merger

Councillors Back Mayor Max to Advocate on Proposed TSB and Heartland Bank Merger

New Plymouth District Councillors have voted to support Mayor Max Brough in advocating to the Toi Foundation regarding the proposed $620 million TSB and Heartland Bank merger.

Tony Skilling2 months ago
TSB Bank Opens Modernised Central New Plymouth Branch on Courtenay Street
Business News

TSB Bank Opens Modernised Central New Plymouth Branch on Courtenay Street

TSB Bank has welcomed its first customers to a newly modernised central New Plymouth branch, consolidating its CBD operations into a single location on Courtenay Street.

Tony Skilling2 months ago
New Plymouth Mayor Calls Public Meeting Over Proposed TSB and Heartland Bank Merger
Public Meeting

New Plymouth Mayor Calls Public Meeting Over Proposed TSB and Heartland Bank Merger

Mayor Max Brough is hosting a public meeting this Thursday to gather community feedback on the proposed merger between TSB and Heartland Bank.

Tony Skilling2 months ago
National Party Proposes Mandatory KiwiSaver and Newborn Kickstart Payments by 2028
Policy Launch

National Party Proposes Mandatory KiwiSaver and Newborn Kickstart Payments by 2028

The National Party has announced a major policy shift to make KiwiSaver contributions mandatory for all workers by 2028 and introduce automatic enrolment for newborns.

Tony Skilling2 months ago
Mayor Max Brough Demands Pause on Proposed $620m TSB and Heartland Bank Merger
Bank Merger

Mayor Max Brough Demands Pause on Proposed $620m TSB and Heartland Bank Merger

New Plymouth Mayor Max Brough has formally requested the Toi Foundation pause the conditional $620 million merger of TSB and Heartland Bank to allow for community consultation.

Tony Skilling2 months ago
Mayor Calls for Pause on Proposed TSB and Heartland Bank Merger
Local Government

Mayor Calls for Pause on Proposed TSB and Heartland Bank Merger

New Plymouth Mayor Max Brough has formally requested the Toi Foundation to halt the proposed $620 million merger between TSB and Heartland Bank to allow for community consultation.

Tony Skilling2 months ago
Petition to Stop TSB Sale Reaches 2,000 Signatures as Public Meetings Announced
Community Action

Petition to Stop TSB Sale Reaches 2,000 Signatures as Public Meetings Announced

A petition launched by New Plymouth Councillor Gordon Brown opposing the sale of TSB has gained over 2,000 signatures, ahead of upcoming public consultation meetings in New Plymouth and Hawera.

Tony Skilling2 months ago
Public Consultation Opens on Proposed $620 Million TSB and Heartland Bank Merger
Bank Merger

Public Consultation Opens on Proposed $620 Million TSB and Heartland Bank Merger

Taranaki residents have four weeks to submit feedback on a proposed $620 million merger between TSB and Heartland Bank, with public consultation now open.

Tony Skilling3 months ago
Toi Foundation Proposes $620m Sale of TSB to Heartland Group
Bank Proposal

Toi Foundation Proposes $620m Sale of TSB to Heartland Group

The Toi Foundation has announced a proposal to sell TSB to Heartland Group for $620 million, launching a community consultation period for Taranaki residents.

Tony Skilling3 months ago
Stratford District Council Adopts Annual Plan with 5.9 Percent Rates Rise
Rates Increase

Stratford District Council Adopts Annual Plan with 5.9 Percent Rates Rise

Stratford ratepayers face a 5.9 percent overall rates increase following the adoption of the 2026/27 Annual Plan, driven largely by rising water and wastewater service costs.

Tony Skilling3 months ago
Budget 2026 Allocates 50 Million Dollars for Awakino Gorge Upgrades
Road Funding

Budget 2026 Allocates 50 Million Dollars for Awakino Gorge Upgrades

The Government has announced a $400 million capital package for state highway resilience, with $50 million earmarked for critical upgrades to State Highway 3 through the Awakino Gorge.

Tony Skilling3 months ago
Voting opens for Taranaki Electricity Trust board elections with twelve candidates
Elections

Voting opens for Taranaki Electricity Trust board elections with twelve candidates

Voting has officially opened for the Taranaki Electricity Trust board elections, with twelve candidates competing to manage millions of dollars in community grants.

Tony Skilling3 months ago