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Asia

Nine Entertainment's QMS NZ Launches City Rail Link Digital Advertising Network

Nine Entertainment (ASX:NEC) said its QMS NZ unit turned on its City Rail Link out-of-home digital advertising network in Auckland, according to a Monday statement.The network was turned on with a fully subscribed roster, including 2degrees, Bank of New Zealand, Spark New Zealand (NZE:SPK, ASX:SPK), Warehouse Group (NZE:WHS), ANZ Group Holdings (ASX:ANZ, NZE:ANZ), and Tower (ASX:TWR, NZE:TWR).The network spans three new underground stations and its launch follows the completion of New Zealand's largest-ever infrastructure project that doubles the potential capacity of the country's rail network, according to the statement.Nine Entertainment shares gained 4% in recent Monday trade.

ASX:ANZASX:NECASX:SPKASX:TWRNZE:ANZNZE:SPKNZE:TWRNZE:WHS
Asia

Banks Help Businesses Prepare for RBA's Card Surcharge Changes, Australian Banking Association Says

The Reserve Bank of Australia's (RBA) card surcharge reforms are planned to take effect from Oct. 1, and Australian banks are working with businesses to prepare for these changes, Australian Banking Association Chief Executive Simon Birmingham said, according to a Monday statement.Under the reforms, businesses will no longer be allowed to add a surcharge when customers pay with eftpos, Visa, or Mastercard, and businesses will have increased transparency to better understand and compare payment costs.The RBA estimated that only one in every six businesses chooses to apply a card surcharge, Birmingham said.The RBA also cut the cap on domestic interchange fees for banks to 0.3% from 0.8% for personal credit cards. The new interchange caps for foreign-issued cards will apply from April 1, 2027.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.Radius Residential Care (NZE:RAD): +6%, NZ$0.45Synlait Milk (NZE:SML): +5%, NZ$0.40Briscoe Group (NZE:BGP): +3%, NZ$4.40Michael Hill International (NZE:MHJ): +2%, NZ$0.43ANZ Group Holdings (NZE:ANZ): +2%, NZ$45.77Scott Technology (NZE:SCT): +2%, NZ$2.86Winton Land (NZE:WIN): +2%, NZ$1.16The Warehouse Group (NZE:WHS): +2%, NZ$0.65SkyCity Entertainment Group (NZE:SKC): +2%, NZ$0.68Kiwi Property Group (NZE:KPG): +1%, NZ$0.90

^NZ50NZE:ANZNZE:BGPNZE:KPGNZE:MHJNZE:RADNZE:SCTNZE:SKCNZE:SMLNZE:WHSNZE:WIN
Asia

New Zealand Banks' Senior Creditors to Benefit From Potential Issuance of Loss-Absorbing Capacity Instruments, Fitch Says

The senior creditors of New Zealand's four largest banks are expected to benefit from resolution debt buffers built by their Australian parents once New Zealand regulators allow for the issuance of loss-absorbing capacity (LAC) instruments, Fitch Ratings said Thursday.The Reserve Bank of New Zealand's new capital framework mandates internal issuance of LAC instruments to the Australian parents, supporting a single point of entry approach to resolution."We believe the placement of such instruments would provide a mechanism for the New Zealand subsidiaries to access the LAC buffers raised by their parents, reinforcing the subsidiaries' position within the parent banks' broader resolution groups," the ratings agency said.As such, Fitch has revised the outlooks on ANZ Group Holdings (ASX:ANZ, NZE:ANZ) unit ANZ Bank New Zealand, Commonwealth Bank of Australia (ASX:CBA) unit ASB Bank, Westpac Banking (ASX:WBC, NZE:WBC) unit Westpac New Zealand, and Bank of New Zealand to positive from stable.It added that New Zealand regulators are likely to allow for the issuance of LAC instruments by late 2028.

ASX:ANZASX:CBAASX:WBCNZE:ANZNZE:WBC
Asia

Fitch Revises Outlook on ANZ Bank New Zealand to Positive

Fitch Ratings on Thursday revised the outlook on ANZ Group Holdings (ASX:ANZ, NZE:ANZ) unit ANZ Bank New Zealand's long-term issuer default ratings to positive from stable while affirming the ratings at "A+."The ratings agency expects to change the anchor rating for ANZ Bank New Zealand's shareholder support rating to the long-term issuer default rating of the parent company from the viability rating once the bank is permitted to issue loss-absorbing capacity instruments to its parent, which is likely to occur by late 2028.Differences in the regulatory capital regimes between Australia and New Zealand currently mean it is uncertain that the bank's senior creditors would benefit from the protection of the parent's resolution debt buffers, Fitch said.The viability rating is driven by the bank's large domestic market position in New Zealand, with a market share of above 25% in loans and deposits. While Fitch expects ANZ Bank's impaired loans to rise modestly in fiscal 2026, it noted that the bank has managed credit risk well so far.The ratings agency said the outlook may be revised to stable if New Zealand's central bank decides ANZ Bank does not need to build loss-absorbing capacity buffers through issuance to its parent, which appears unlikely.

ASX:ANZNZE:ANZ
Asia

ANZ Group Holdings to Transition Suncorp Bank Customers by June 2027

ANZ Group Holdings (ASX:ANZ, NZE:ANZ) is transitioning Suncorp Bank customers to its own banking systems, services, and digital platforms in a process that is expected to complete by June 2027, according to a Monday statement.ANZ completed its acquisition of Suncorp in July 2024 and is now bringing the two banks together under the ANZ brand.The company said there will be no net job losses for Suncorp Bank employees in Australia as a direct result of the acquisition for three years. It will also maintain ANZ and Suncorp Bank's regional branch numbers throughout Australia for three years post-acquisition.Suncorp Bank has started informing customers about the transition, ANZ said.ANZ Group's New Zealand shares shed about 1% in recent Monday trade.

ASX:ANZNZE:ANZ
Asia

Australian Banking Association Says Former ASIC Deputy Chair to Conduct Banking Code Review

Australian Banking Association said that former Australian Securities and Investments Commission (ASIC) Deputy Chair Peter Kell will conduct a five-yearly independent review of the Banking Code of Practice, according to a Monday statement.The review will include public consultations from customers, consumer groups, small business groups, industry stakeholders, and others.Consultation with stakeholders is expected to begin in October, with an interim report published in March 2027 and the final report with detailed findings and recommendations released in June 2027.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

Armaguard's Designation Under Cash Distribution Framework Helps Ensure Cash Availability, Australian Banking Association Says

The designation of cash-in-transit operator Armaguard under Australia's Cash Distribution Framework Act will help provide continued stability to the distribution and availability of cash across the economy, the Australian Banking Association (ABA) said Thursday.The Reserve Bank of Australia disclosed the designation in a same-day statement, saying the move makes Armaguard a regulated entity that is subject to requirements designed to support a sustainable and efficient cash distribution system.The designation should provide further certainty for cash distribution amid a decline in cash usage in Australia, the ABA said. It added that banks and retailers have injected over AU$100 million in financial assistance above contractual conditions to Armaguard over the last two years.Commonwealth Bank of Australia (ASX:CBA), National Australia Bank Limited (ASX:NAB), Westpac Banking (ASX:WBC, NZE:WBC), and ANZ Group Holdings (ASX:ANZ, NZE:ANZ) are among the members of the ABA.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Thursday.Scott Technology (NZE:SCT): +6%, NZ$2.87Santana Minerals (NZE:SMI): +6%, NZ$0.64Comvita (NZE:CVT): +5%, NZ$0.83Stride Stapled Group (NZE:SPG): +5%, NZ$1.14Tourism Holdings (NZE:THL): +2%, NZ$2.85ANZ Group Holdings (NZE:ANZ): +2%, NZ$46.63Scales Corporation (NZE:SCL): +2%, NZ$7.29Tower (NZE:TWR): +1%, NZ$1.92Air New Zealand (NZE:AIR): +1%, NZ$0.38Delegat Group (NZE:DGL): +1%, NZ$4.70

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Asia

ANZ Group Holdings Plans More Australian Branch Upgrades in Coming Months

ANZ Group Holdings (ASX:ANZ, NZE:ANZ) recently completed several Australian branch upgrades and expansions under a push to modernize its network, with more activity scheduled across the country in the coming months, according to a Thursday statement.In Queensland, the bank fast-tracked the reopening of its Chinchilla branch in May, reopened its Sunshine Plaza branch after a refurbishment in July, opened a new business center in Maroochydore City Centre, and relocated its Maryborough branch.The company said it is now looking to update New South Wales branches in Hurstville and Cabramatta, alongside centers in Prahran, Victoria, and Rundle Mall, South Australia.The works are part of ANZ's national branch strategy, which includes a AU$20 million investment across Queensland, AU$10 million across New South Wales, as well as other targeted branch investments nationwide.The bank's Australian and New Zealand shares both gained over 1% in recent Thursday trade.

ASX:ANZNZE:ANZ
Asia

New Zealand Shares Fall; SkyCity Entertainment Confirms Settlement of Sale of New Zealand Commercial Properties

New Zealand shares fell on Tuesday while most Asian markets saw losses after Monday's lower Wall Street close.The S&P/NZX 50 Index fell 0.94% or 130.40 points to close at 13,786.90.On Friday, the Nasdaq Composite fell 0.1%, the S&P 500 lost 0.3%, and the Dow Jones declined 0.7%.In domestic news, business credit demand in New Zealand is down 0.8% year over year, and defaults are down 12%, but company closures and liquidations remain elevated, Centrix said in a report.Also, a rebound in diesel prices is putting pressure on construction costs in New Zealand in August, QV said in a report.In corporate news, SkyCity Entertainment Group (ASX:SKC, NZE:SKC) confirmed the settlement of the sale of certain Auckland, New Zealand properties to Mainland Capital in a joint venture with Russell Property Group for NZ$74.5 million.ANZ Group Holdings (ASX:ANZ, NZE:ANZ) is said to have held potential talks about an acquisition of Judo Capital Holdings (ASX:JDO), The Australian reported late Monday, citing various unnamed sources.

^NZ50ASX:ANZASX:SKCNZE:ANZNZE:SKC
Asia

Update: Market Chatter: ANZ Group Said to Mull Judo Acquisition, The Australian Says

(Updates to add ANZ's response to a request for comment from.)ANZ Group Holdings (ASX:ANZ, NZE:ANZ) is said to have held potential talks about an acquisition of Judo Capital Holdings (ASX:JDO), The Australian reported late Monday, citing various unnamed sources.The news comes as Chief Executive Nuno Matos aims to focus on ANZ's overexposure to home loans, the report added, citing a source.ANZ said there was no comment to share, according to an emailed response to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:ANZASX:JDONZE:ANZ
Asia

Market Chatter: ANZ Group Said to Mull Judo Acquisition, The Australian Says

ANZ Group Holdings (ASX:ANZ, NZE:ANZ) is said to have held potential talks about an acquisition of Judo Capital Holdings (ASX:JDO), The Australian reported late Monday, citing various unnamed sources.The news comes as Chief Executive Nuno Matos aims to focus on ANZ's overexposure to home loans, the report added, citing a source.ANZ did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:ANZASX:JDONZE:ANZ
Asia

ANZ Says Customer Scam Losses Fall Around 24% Between June, October 2025

ANZ Group Holdings (NZE:ANZ, ASX:ANZ) said Monday its customer scam losses fell by around 24% year over year for the period between June and October 2025.The bank said in a statement that it prevented and recovered over AU$100 million in scam and fraud-related funds. Over 476,000 payments were abandoned after a Confirmation of Payee mismatch warning during this period, it added.The bank's New Zealand shares added 1% in recent Monday trade.

ASX:ANZNZE:ANZ
Asia

ACCC Proposes Approval of Regional Multi-Bank ATM Trial

The Australian Competition and Consumer Commission (ACCC) is proposing to approve a regional automated teller machine trial for multi-bank withdrawals and deposits, it said Friday.Under the trial to be conducted by the Australian Banking Association and other financial institutions, all holders of an Australian-issued card will be able to withdraw cash on a fee-free basis, while customers of participating banks will be able to deposit cash without a fee.The ACCC said it proposes to grant authorization for three years, and is seeking feedback on its draft determination by Sept. 3 ahead of a final decision.

ASX:ANZASX:BENASX:CBAASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

Australia's Financial Regulator to Review Banks' Lending Practices, Perform Stress Tests, Amid Slowing Credit Growth

The Australian Prudential Regulation Authority (APRA) will review banks' lending practices over the next 12 to 18 months to safeguard against potentially weaker lending standards amid slowing credit growth, the regulator said Thursday.In the first half of the review period, APRA will prioritize banks' lending to small and medium-sized businesses before increasing its focus on housing lending standards in the second half of the period.The review forms part of the regulator's latest corporate plan, under which it plans to maintain financial system safety and stability without creating undue costs for the industry."As we look across the operating environment, it's clear that the international and domestic economic environments remain challenging," said APRA Chair John Lonsdale. "Geopolitical tensions continue to have economic impacts on inflation, trade relationships and cost-of-living pressures."Additionally, APRA will conduct a joint stress-test exercise with the Reserve Bank of New Zealand to gauge resilience against a severe economic downturn at both the parent and subsidiary bank level. It will also start work on a new system-risk stress test to build on the entity-level testing.The shares of Australia's top banks, some of which have flagged a slowdown in mortgage applications, were lower in recent Thursday trade.Commonwealth Bank of Australia (ASX:CBA) fell nearly 3%, while ANZ Group Holdings (ASX:ANZ, NZE:ANZ), Westpac Banking (ASX:WBC, NZE:WBC), National Australia Bank Limited (ASX:NAB), and Bendigo and Adelaide Bank Limited (ASX:BEN) all shed about 2%.

ASX:ANZASX:BENASX:CBAASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.Winton Land (NZE:WIN): +14%, NZ$1.44The Colonial Motor Company (NZE:CMO): +8%, NZ$7.00Gentrack Group (NZE:GTK): +5%, NZ$3.89Stride Stapled Group (NZE:SPG): +3%, NZ$1.17Napier Port Holdings (NZE:NPH): +3%, NZ$3.70Sanford (NZE:SAN): +2%, NZ$7.07New Zealand King Salmon (NZE:NZK): +2%, NZ$0.25ANZ Group Holdings (NZE:ANZ): +2%, NZ$46.70Templeton Emerging Markets (NZE:TEM): +2%, NZ$7.41Genesis Energy (NZE:GNE): +2%, NZ$2.65

^NZ50NZE:ANZNZE:CMONZE:GNENZE:GTKNZE:NPHNZE:NZKNZE:SANNZE:SPGNZE:TEMNZE:WIN
Asia

ANZ Group Expected to Outperform on Asset Quality in Case of Credit Cycle, Jarden Says

ANZ Group Holdings (ASX:ANZ) is expected to materially outperform on asset quality if a credit cycle happens, Jarden said in a Thursday note.It logged AU$1.901 billion in cash profit for fiscal Q3, up 2% from a year ago. For the three months ended June 30, operating income was AU$5.607 billion, down 1%.The bank is on track to integrate Suncorp (ASX:SUN), reduce duplication, and simplify its organization, with an increased fiscal 2026 gross cost-out target of AU$875 million while defending and leveraging leadership in institutional and New Zealand banking.The investment firm maintained an overweight rating on ANZ while keeping the price target at AU$35.50.

ASX:ANZASX:SUNNZE:ANZ
Asia

Australian Shares Fall; ANZ Group Fiscal Q3 Cash Profit Rises, Operating Income Declines

Australian shares fell on Thursday as investors reacted to the latest US inflation data.The S&P/ASX 200 Index fell 0.23%, or by 20.90 points, to close at 9,188.50.Overnight on Wall Street, the S&P 500 rose 0.3%, and the Nasdaq gained 0.5%. The US consumer price index data was in line with expectations, tamping down expectations of near-term Federal Reserve rate hikes.Brent crude futures ​fell to trade around $88 per barrel, with no signs of any movement in negotiations between Iran and the US on resolving the conflict.In company news, ANZ Group Holdings (ASX:ANZ, NZE:ANZ) logged AU$1.901 billion in cash profit for fiscal Q3, up 2% from a year ago. For the three months ended June 30, operating income was AU$5.607 billion, down 1%.Cleanaway Waste Management (ASX:CWY) received a conditional, non-binding indicative proposal from EQT Infrastructure to acquire all of the company's shares through a scheme of arrangement at AU$3.13 apiece. The board agreed to give EQT Infrastructure nine weeks of exclusive due diligence and negotiate a scheme implementation deed to agree a binding transaction. Its shares rose 14% earlier in the session.Lastly, Telstra Group (ASX:TLS) logged AU$0.204 in underlying EPS for fiscal 2026, compared with AU$0.191 a year ago. For the 12 months ended June 30, total income was AU$23.41 billion versus AU$23.61 billion previously.

ASX 200ASX:ANZASX:CWYASX:TLSNZE:ANZ
Asia

New Zealand Shares Rise; ANZ Group Fiscal Q3 Cash Profit Rises

New Zealand shares ended higher on Thursday as Asian markets saw gains after the latest US inflation data lowered expectations of a Federal Reserve rate hike.The S&P/NZX 50 Index rose 0.64% or 87.64 points to close at 13,825.30.On Wednesday, the S&P 500 rose 0.3%, the Nasdaq gained 0.5% while the Dow Jones was little changed.The US consumer price index rose 3.4% last month from a year earlier, decelerating from a 3.5% rise in June and marking the slowest pace of growth since March, Bureau of Labor Statistics data showed Wednesday.In domestic news, New Zealand housing market prices remained steady in July, but the pace of activity has slowed due to cautious buyers, according to a report from the Real Estate Institute of New Zealand.Further, the Reserve Bank of New Zealand said the respondents for its September quarter survey of expectations expect the country's annual consumer price index growth to be 2.6% one-year-out and 2.34% two-years-out, data showed.Also, high fuel prices are weighing on terms of trade, but it is not anticipated to derail New Zealand's economic recovery, ANZ said.In corporate news, ANZ Group Holdings (ASX:ANZ) logged AU$1.901 billion in cash profit for fiscal Q3, up 2% from a year ago.SkyCity Entertainment Group (ASX:SKC, NZE:SKC) is considering restructuring its operations, which could lead to 200 roles being affected, media reports said.

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