Swedish skincare lovers turned out for Vogue’s Löwengrip masterclass on Wednesday, February 27 2019, to celebrate the launch of the Scandinavian brand into Myer stores around Australia and hear advice from Isabella Löwengrip, founder and creative director of Löwengrip, and Pingis Hadenius, founder and CEO of Löwengrip.
Banking in New Zealand and Australia is extremely profitable because it's dominated by four large banks. This is a very small number of big competitors for such a large combined market. The history of why there are so few big banks is for another time, but suffice it to say it's a structure that has suited the Australian and New Zealand governments and banks alike for decades. It has led to stable, but very expensive, banking services.
Some economists have also warned the proposed hikes go beyond similar moves in Australia and may be detrimental to economic growth.
Heartland Group Holdings lifted first-half net profit 20.4 per cent, although that was boosted by accounting changes and fair value gains and the underlying increase was closer to 7 per cent. The company, which operates Heartland Bank in New Zealand and a reverse mortgage business in Australia, also increased its first-half dividend to 4.5 cents per share from 3.5 cents last year.