ANZ gives ground to ASB in solid KiwiSaver quarter Investment News

Paramedics responding to a Wellington home discovered a disturbing scene with blood on the walls and a woman, Julia DeLuney, accused of murdering her mother, Helen Gregory, found with blood on her hands. During the trial in the High Court, DeLuney denied the murder, claiming that someone else was responsible for the incident that occurred in January 2024. Need More Context? 🔎

David Seymour has served as Acting Prime Minister this week, leading his first post-Cabinet press conference on Monday and his second Question Time on his birthday. This marks his first time in the House as Acting PM and Deputy PM since his previous stint in November when both Christopher Luxon and Winston Peters were abroad. Need More Context? 🔎

A young girl discovered a hidden camera in her family's bathroom and threw it out the window, leading her parents to find it and uncover disturbing footage, including images of their child. Daine Arthur Williams has since been sentenced to jail for secretly filming individuals, primarily women and girls, in private settings and public spaces. Need More Context? 🔎

Government officials recommended a controversial retrospective law change to mitigate financial risks posed to ASB and ANZ from a class action lawsuit. Documents reveal concerns that lenders could face severe liabilities for past errors, potentially threatening their solvency and the stability of the New Zealand financial system. Need More Context? 🔎

Foodstuffs is experiencing significant expansion with over $380 million in ongoing or planned projects, including recent openings and the upcoming launch of a new 6000sq m Pak’nSave on North Shore. Other notable developments include a major sale in Tauranga and three deals by Metlifecare, as well as the opening of a new build-to-rent project by Marutūahu-Ockham. Need More Context? 🔎

Fletcher Building has projected significant items impacting its financial results, estimating losses between $573 million and $781 million for the fiscal year ending June 30, 2025. Prior to accounting for these losses, the company anticipates earnings before interest and tax (EBIT) of $386.4 million to $391.4 million, with institutional investors expressing concerns over lowered profit expectations. Need More Context? 🔎