Business

Cautious banks slow mortgage applications
Finance

Cautious banks slow mortgage applications

Banks are taking five times longer to process mortgage applications than before the coronavirus crisis started and are seeking far more information on borrowers, mortgage brokers say. Bruce Patten at Loan Market said his service level agreement with one bank was that it would...

Jenny Ruth 24 Aug 2020
ON THE MONEY: A2, Chris Quin, Fletcher and more
Opinion

Victoria Young: ON THE MONEY: A2, Chris Quin, Fletcher and more

Welcome to On the Money, BusinessDesk’s weekly column on money and the people making it. Former A2 milk chief executive Jane Hrlicka pictured. Milk money Jane Hrdlicka, the former CEO of A2 Milk, had a lucrative 17 months as boss of the NZX’s second largest company.The release of...

Victoria Young 22 Aug 2020
Theresa Gattung: Covid's been a boom for My Food Bag
Services Free

Theresa Gattung: Covid's been a boom for My Food Bag

She calls it living a portfolio life.Former Telecom chief executive Theresa Gattung is more recently known as a co-founder of at-home meal-kit maker My Food Bag. She is the chair of insurer AIA Sovereign in Australia and New Zealand, she founded a kiwi offshoot of female entrepre...

NZTA stumps up another $208.5m to finish Transmission Gully in 2021
Infrastructure

NZTA stumps up another $208.5m to finish Transmission Gully in 2021

The New Zealand Transport Agency will pay another $208.5 million to make sure the Transmission Gully highway north of Wellington opens next year, taking the total cost to $1.25 billion. And if the CPB Contractors and HEB Construction joint venture can’t meet the Sept. 27, 2021...

Paul McBeth 21 Aug 2020