Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Xero invoicing trends show small business bounceback
New Zealand small business owners are sending out more invoices again after a mid-year dip, according to analysis of the 367,000 local businesses using Xero accounting software.The Kiwi-based firm with global ambitions to be the system of choice for managing small and medium-size...
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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.
Finance
MTF's core annual profit falls after loan product withdrawn
Unrealised fair value gains boosted Motor Trade Finance's annual net profit 38 percent but underlying profit was down 8.6 percent, reflecting the withdrawal of its non-recourse lending product.MTF's net profit for the year ended September rose to $11.1 million from $8.1 million t...
Finance
RBNZ wants to beef up puny prudential supervisory resources
The Reserve Bank of New Zealand says it will be increasing its scrutiny of financial institutions and raising its current very low prudential supervisory staffing levels, subject to funding constraints.Deputy governor Geoff Bascand, who is also financial stability general manager...
Finance
Turners sees opportunity as smaller dealers exit market
Turners Automotive Group said small car dealers quitting the industry is an opportunity for the firm, which grabbed more market share in the half-year September. The integrated car dealer, financier and insurer reported a 19 percent drop in profit to $10.3 million in the six m...
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