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OPINION: Your old mate can’t believe the gall of the NZ big banks crying about their ‘reduced’ profitability this year.
First out of the blocks was ANZ, shedding crocodile tears about how “tough things” had been in the past year and how it had only managed to make a profit of $1.825 billion for the year to September 30 on its NZ business -- an 8% drop on 2018.
The next big Aussie bank to publish its result was Westpac, with its NZ arm reporting a 3% lift in net profit to $964m, from $936m last year.
But this didn’t stop its $2.5m-a-year NZ boss decrying how business conditions had “deteriorated” in the second half of the reporting period, based largely on uncertainty about the outlook for next year.
Your canine crusader would be interested to know just how ANZ and Westpac are currently treating their rural/farming clients and how ‘tough’ they are making it for them.
OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and financial institutions to make climate-related disclosures, by repealing Part 7A of the Financial Markets Conduct Act 2013.
Horticultural prices are set to remain elevated this year, reflecting the balance between demand in key export markets and an increase in supply.
OPINION: Noted economist and self-promoter Cameron Bagrie took one look at KPMG's recently released Financial Institutions Performance Survey on banks and zeroes in one key number that suggests banks are so risk averse in this country that they are probably stifling growth and innovation.
ASB's new head of food and fibre, Kristen Ashby, believes that there’s “heaps of opportunity” in the agriculture sector.
OPINION: Shane 'Matua' Jones, crusader against all things woke, including "woke banks", couldn't have scripted it better when his NZ First colleague Andy Foster had his Members' Bill drawn from the ballot recently.
The Primary Production Select Committee is calling for submissions on the Valuers Bill currently before Parliament.
Horticulture New Zealand (HortNZ) says that commercial fruit and vegetable growers are getting ahead of freshwater farm plan regulations through its Growing Change project.
Lucidome Bio, a New Zealand agricultural biotech company was recently selected as one of fourteen global finalists to pitch at the Animal Health, Nutrition and Technology Innovation USA event in Boston.
Tractor manufacturer and distributor Case IH has announced a new partnership with Meet the Need, the grassroots, farmer-led charity working to tackle food insecurity across New Zealand one meal at a time.
The DairyNZ Farmers Forum is back with three events - in Waikato, Canterbury and Southland.
To celebrate 25 years of the Hugh Williams Memorial Scholarship, Ravensdown caught up with past recipients to see where their careers have taken them, and what the future holds for the industry.
OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and…
OPINION: Despite the volatility created by the shoot-from-the-hip trade tariff 'stratefy' being deployed by the new state tenants in the…
