Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
UPDATE: Heartland shares gain as annual profit lifts 9% on lending growth
(Adds share movement to lead and updates price in 4th paragraph, includes profit guidance in 9th paragraph) By Jenny Ruth Aug. 15 (BusinessDesk) - Heartland Group was the only stock to gain on the S&P/NZX50 Index after it lifted annual net profit 9 percent amid growth in it...
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Finance
UPDATE: Xero says global roll-out of core product still best option
(Updates to show poll results in 12 par) By Jenny Ruth Aug. 15 (BusinessDesk) - Xero’s biggest immediate opportunities are to keep driving growth of its core accounting software in existing markets and to enter other geographies, says chief executive Steve Vamos. “The op...
Finance
Owner-occupier debt-to-income ratios trending down
By Jenny Ruth Aug. 12 (BusinessDesk) - The number of mortgage borrowers with debt-to-income ratios greater than five has fallen to 31 percent in June from 37 percent two years earlier, according to new data the Reserve Bank is collecting. A slightly higher percentage, 33 pe...
Finance
Liquidators file bankruptcy application against Mainzeal’s Yan
By Victoria Young Aug. 12 (BusinessDesk) - The liquidators for Mainzeal say they have been forced to use bankruptcy proceedings to get $18 million out of former director Richard Yan. While both sides are appealing the $36 million in damages awarded against several former d...
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