A resurgence in property prices means LVR ‘speed limits’ are like to stay in place, Standard & Poor’s says in a report that predicts banks will continue to post strong earnings growth while trading in the shadow of a “heightened risk” of a future property crash.   “The relatively low level of credit losses over the next two-to-three years will continue, underpinning …

Fliway Group, the transport and logistics company, has been priced at $1.20 a share in the bookbuild for its initial public offering, the bottom end of the indicative range, people say.   Existing shareholders Duncan and Gretchen Hawkesby will retain 54 percent of the South Auckland-based company, market participants told BusinessDesk. The couple planned to retain 30 percent to 50 percent of the company after the …

New Zealand has a “two-speed” economy as strong domestic demand cushions a weaker export sector, according to Moody’s Analytics. GDP data due tomorrow will probably show New Zealand’s economy expanded 0.8 percent in the fourth quarter of last year, said Faraz Syed, an associate economist at Moody’s Analytics, a division of Moody’s Corp which is independent of the credit ratings …