Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Property For Industry has US private placement on standby
Finance

Property For Industry has US private placement on standby

PFI is unlikely to draw down any of the US$250 million US private placement while interest rates are still going up.

Jenny Ruth 20 Feb 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.
Scales withdraws profit guidance over Cyclone Gabrielle damage
Finance

Scales withdraws profit guidance over Cyclone Gabrielle damage

The owner of Mr Apple is withdrawing its net profit guidance after Cyclone Gabrielle ripped through orchards before most produce had been picked.

Dileepa Fonseka 20 Feb 2023
Boardroom shuffle for Trustees Executors after red ink
Finance

Boardroom shuffle for Trustees Executors after red ink

The funds supervisory firm has posted its first loss in 14 years. 

Paul McBeth 20 Feb 2023
Ryman burned through hundreds of millions of dollars
Opinion Free

Jenny Ruth: Ryman burned through hundreds of millions of dollars

Ryman’s cardinal rule against raising fresh equity led to irrational decision-making.

Jenny Ruth 20 Feb 2023