Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
ANZ laments high house prices amid record lending and profits
Finance

ANZ laments high house prices amid record lending and profits

ANZ Bank New Zealand's lending on mortgages rose more than 82%, or by $9.3 billion, to $99b in the latest year.

Jenny Ruth 28 Oct 2021
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.
Move's $40m capital raising to reduce high gearing
Finance

Move's $40m capital raising to reduce high gearing

Move's gearing was 60% at June 30 with net debt of $57 million.

Jenny Ruth 28 Oct 2021
Banks predict falling mortgage demand
Finance

Banks predict falling mortgage demand

RBNZ survey of NZ banks finds appetite for home loans increased by 20% in the latest six months, but that won't last.

Jenny Ruth 27 Oct 2021
Pacific Edge capital raising unfair to retail shareholders
Opinion

Jenny Ruth: Pacific Edge capital raising unfair to retail shareholders

If a company decides against a pro rata capital raising then ends up with a high level of oversubscriptions, does it make sense to scale allocations based on existing holdings?

Jenny Ruth 26 Oct 2021