Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Ryman retail bookbuild clears at 25c premium
Finance

Ryman retail bookbuild clears at 25c premium

The retail component of the $902 million capital raising was about $360m.

Staff reporters 10 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.
Xero cuts 15% of staff, writes off Waddle
Finance

Xero cuts 15% of staff, writes off Waddle

The cuts will cost up to $35m and writing off Waddle will cost up to $40m.

Jenny Ruth 09 Mar 2023
Devon Funds pushing companies on sustainability
Sustainable Finance

Devon Funds pushing companies on sustainability

The fund manager disengaged from Starbucks as part of its ESG strategy.

Greg Hurrell 09 Mar 2023
Banks 'welcome' prospect of an inquiry
Finance

Banks 'welcome' prospect of an inquiry

The industry insists it's competitive after calls for inquiries into its profits.

Jenny Ruth 09 Mar 2023