Finance

BOTTOM LINE: South Canterbury Finance’s $485m curtain call

Paul McBeth
Tue, 13 Oct 2020

BOTTOM LINE: South Canterbury Finance’s $485m curtain call
Paul McBeth
Tue, 13 Oct 2020
The curtain probably fell for the final time on remnants of Allan Hubbard’s financial empire last week, not that many people would have noticed.PwC’s John Fisk and David Bridgman lodged their final liquidators’ report on FCS Loans – the renamed shell of the once-proud South Island lender – and they intend on removing South Canterbury and Hubbard’s Southbury and Hornchurch entities from the Companies Register.If this goes ahead as planned on Nov. 13, it will bring to a close the 94-year history of the entity t...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
Positive earnings lift NZ sharemarket
Dan Brunskill | Fri, 20 May 2022

The NZ market was one of the few climbing markets as investors in other parts of the world worried about the risk of a global recession.

Law & Regulation
Unlawful collection of Companies Office fees fixed under urgency
Ian Llewellyn | Fri, 20 May 2022

The Companies Office's administration of fees may have saved costs, but the problem is it was against the law.

Markets FREE
Brian Gaynor: legacy of a towering financial figure
Brenda Ward | Fri, 20 May 2022

At his funeral in Auckland, family, friends and colleagues of Brian Gaynor recalled a passionate man who had the confidence and courage to back his sometimes controversial opinions.

Partner content
What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.