Motor Trade Finance, which has a lending book of about $460 million, said it intends to appeal a High Court judgement that some fees in its loan contracts were unreasonable. “Motor Trade Finance is disappointed with the decision that some fees were considered unreasonable and considers that the court’s narrow basis for that finding does not recognise normal commercial practice,” …

Insured Group, whose shares last changed hands more than five months ago, was suspended from trading on the New Zealand stock exchange for failing to provide its annual report on time. The Australian insurer used the shell of failed finance company Lombard Group for a backdoor listing on the exchange in 2010. It has been late filing its annual report …

Smartpay shares have jumped to a two-year high after fund manager Milford Asset Management disclosed a 6.3 percent stake in a bet on the potential for the restructured eftpos company to repeat its New Zealand success in Australia. SmartPay climbed as much as 2.6 percent to 39 cents, the highest since July 2011, having soared 23 percent yesterday. The company …