The Financial Markets Authority has charged two contributory mortgage brokers for failing to file their annual reports on time. Christchurch-based Prudential Mortgage and Auckland-based First Mortgage Investments have each been charged for failing to deliver an annual report to the Companies Registrar for the year ended March 31, 2013 by the end of last June, the FMA said in a …

Meridian Energy won’t invest further in Australian renewable energy projects if the Federal government’s Renewable Energy Target subsidy scheme is scrapped, says chief executive Mark Binns. He was speaking at the company’s first half-year profit announcement since its partial privatisation in October. The Australian government announced Monday that the RET scheme will be reviewed, although Binns was optimistic any change …

  The Sydney-based company eked out a net profit of A$2.6 million in calendar 2013, turning from a loss of A$507.4 million in the previous year, when it slashed the value of its goodwill and mastheads. The media group has been restructuring its business over the past year, quitting assets including its stake in an outdoor advertising venture, its unprofitable …