Executive chair Roger Gower said he wants to grow the company to profitability and revenue north of $100m.
The Aussie-owned bank boosted business lending over the first half, but notes ongoing caution in an uncertain global economic environment.
But Forsyth Barr has maintained a neutral rating on the stock, which saw its share price lift following an update.
The determination revealed that Grenon decided to buy shares in NZME after speaking with Caniwi Capital's Troy Bowker in August 2024.
Regulator says after initial concerns it was satisfied the transaction would not lessen competition.
NZME’s board has released the director nominations ahead of next month’s annual meeting, including its ‘alternative board composition proposal’.
Visitor numbers are holding up but customers are keeping a tighter grip on their wallets.
Improved business class seating seeks to bring national carrier back into competition for big spenders’ bookings.
Banking group net profit up 1% to $565m in the six months ended March, business lending up 1%.
The dual-listed payment terminal provider in March disclosed it had received two indicative proposals.