Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Infrastructure
S&P cuts NZ Post's credit rating as mail volumes keep falling
International ratings agency Standard & Poor's has slashed New Zealand Post's credit rating because of the continued decline in mail volumes.S&P cut the 'A+' rating to 'A' and removed NZ Post from its negative creditwatch status where it had sat since Oct. 1. In addition, it cut...
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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.
Services
PaySauce plans rights issue, chair steps down
Payroll software provider PaySauce said it is planning to raise fresh capital, most likely through a rights issue, and chair Andrew Barnes plans to step down from Dec. 31.Barnes will remain the major shareholder and has committed to at least taking up the rights for his more than...
Economy
RBNZ critics applaud governance changes, deposit insurance
Some of the Reserve Bank's most prominent critics have welcomed the government's decisions to give the central bank's board real governance powers and to introduce retail deposit insurance.New Zealand is the only OECD country without some form of deposit protection.Massey Univers...
Credit Suisse a Xero fan but says stock is expensive
Xero is a "best-in-class growth company" and its move to become a platform for other business-related applications "further moves the goal posts on competition and brings genuine monetisation potential," according to Australia-based broking firm Credit Suisse.Nevertheless, Xero's...
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