Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
ANZ revised milk price forecast as pressure continues
Primary Sector

ANZ revised milk price forecast as pressure continues

ANZ Bank revised down its milk price forecast as further downward pressure comes on commodity prices.Dairy prices have been in decline in recent months as softer demand and increased milk volumes pull them down.That continued earlier this week with the Global Dairy Trade index fa...

Staff reporters 24 Mar 2023
Finance sponsored by
First Mortgage Trust
First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
Morrison & Co's Infratil annual fee estimate grows to $147.9m
Infrastructure

Morrison & Co's Infratil annual fee estimate grows to $147.9m

The estimated fee increase reflects a rise in Infratil's CDC Data Centres stake. 

Jenny Ruth 24 Mar 2023
Tony Gapes' Mico Development owes $3.1m
Law & Regulation

Tony Gapes' Mico Development owes $3.1m

Acium Construction built Mico's Alex Apartments development in Queenstown.

Riley Kennedy 24 Mar 2023
UBS more than halves its NZME stake
Markets

UBS more than halves its NZME stake

The UBS London branch held its stake through derivatives and has now reduced most of its stake.

Staff reporters 23 Mar 2023