Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Economy
Banks made $7.5b in new loans during lockdown
New Zealand's trading banks have provided businesses and consumers $7.5 billion in new loans since the country went into lockdown, with 13,559 business customers lent $5.5 billion and the balance going to 21,772 consumers.Another 13,549 business customers have moved to either...
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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.
Economy
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Cash is king in a downturn and stop reading disaster stories
Cash is king in an economic downturn so forget profit and balance sheets and devote all your attention to cash flow.And stop reading negative media stories or speculation on social media about how bad things might get – pessimism leads to inaction.That's the advice from 89 of...
Economy
How much government support is Fletcher Building getting?
The amount of government support Fletcher Building is getting through the coronavirus crisis goes considerably beyond the $66.3 million in wage subsidies.Fletcher is also getting advance payments from the New Zealand Transport Agency on all its projects as part of the government&...
Australian fund manager IOOF quits NZ
Australian fund manager IOOF is leaving New Zealand after agreeing to sell its Kiwi client rights to local firm, Britannia Financial Services for an undisclosed sum. The fund manager’s Integral Master Trust managed five funds for more than 5,000 clients with about A$553 millio...
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