The Australian Competition and Consumer Commission (ACCC) has rejected a proposal by National Australia Bank and AXA Asia Pacific Holdings, which would allow the Australian bank to take control of its rival.

Spicers Portfolio Management has appointed two new financial advisers, Peter Morrison-Story to be based in Palmerston North and Damon O'Brien in Christchurch.

Dorchester today announced that is has appointed Greg Main to the role of general manager, insurance and lending.

Auckland, North Shore

Auckland

Dwindling prospects for further interest rate hikes by the Reserve Bank this year may stoke interest in corporate bonds as investors seek certainty of income.

Failed lender Strategic Finance has won a court ruling ordering Christchurch property developer Dave Henderson to pay almost $2.4 million to cover debt on a property development once owned by author Alan Duff.

Auckland

Palmerston North

Wellington

TrustPower, the Infratil-controlled electricity generator, is mulling a retail bond offer to help repay bank debt and push out its maturity profile.

Finance Minister Bill English says the government's response to the receivership of South Canterbury Finance (SCF) made an estimated net saving to the Crown of about $100 million.