By Rebecca Howard Aug. 2 (BusinessDesk) - Vodafone New Zealand says its new ownership means it can execute a New Zealand-centric strategy while retaining a close relationship with the global Vodafone
Changes to banks’ prudential capital requirements should be halted immediately, says a long-awaited report into banking sector competition from Parliament’s finance and expenditure select committe
Mercury NZ is offering up to $300 million of unsecured, subordinated capital bonds to institutional investors and New Zealand retail investors. The offer opens today June 27, with the Capital Bonds ex
A capital raise and cost cuts have helped Paper Plus New Zealand refinance and return it to the right side of the ledger. Paper Plus NZ, which operates as a co-operative and acts as the retailer’s f
This story has been generated using AI with editor oversight, as part of a trial. The Financial Markets Authority (FMA) is continuing its investigation into Senior Trust Capital (STC), a financier i
Sydney-based private equity firm Mercury Capital is offering to buy a 25-30% shareholding in Forsyth Barr from its shareholders, Forsyth Barr said in a statement. The offer is subject to shareholder a
A $6.5 million public research project into low-emission steel production is preparing to go commercial and tap into private funding for expansion. A materials science team led by Paihau-Robinson Rese
By Gavin Evans Jan. 14 (BusinessDesk) - Chatham Rock Phosphate says it will need to seek additional working capital to maintain “operating momentum” while it advances its proposed merger with Capi
New Zealand should seriously look at introducing a capital gains tax as a means to nix the house-price affordability crisis, says a senior executive at the country’s biggest mortgage lender. The com
Kiwibank’s plans for an up to $500 million capital raise to wrangle market share from its gorilla Australian rivals has failed to inspire potential investors, BusinessDesk has been told. Possible ba
By Jenny Ruth March 14 (BusinessDesk) - Final decisions on the Reserve Bank’s proposed capital requirements for banks won’t be made until the September quarter but they are already having an impa
Dual-listed Australian gold miner Santana Minerals has announced an A$63 million ($69m) capital raise, including a fully underwritten placement for gross proceeds of A$60 million. The placement includ
Mobile advertising technology company Goodwood Capital Limited was incepted in 2010. It offers a full suite of mobile creative, content and technology services, empowering the world's leading brands a
By Paul McBeth Nov. 6 (BusinessDesk) - Spark New Zealand's board will have to make a number of "big decisions" in a rapidly changing environment as the country's biggest telecommunications firm overha
General Capital Limited is a financial services group with two wholly owned subsidiaries; General Finance, a Non Bank Deposit Taker that accepts deposits from the public and it lend funds to borrowers
Ascension Capital Ltd, formerly TRS Investments Ltd, is a New Zealand-based investment holding company. The company operates in the asset management industry, focusing on obtaining a transaction to ac
Dual-listed Santana Minerals is on a trading halt while it “considers and executes” a proposed capital raise. The trading halt will remain in place until it makes an announcement to the market
SkyCity says it expects to make a “material announcement” regarding a capital raise, and trading has been halted on its shares. The casino chain said “no final decision” had been made around
Dairy Goat Co-operative has set itself a “formula for success”. Quite literally, in fact, given that it’s the name of the Hamilton-based, farmer-owned dairy goat processor’s five-year strategy
A plan to reform the country’s capital markets has been dropped from the Government’s most recent quarterly action plan, but Commerce Minister Scott Simpson says this doesn’t mean progress isn�
The Reserve Bank of New Zealand sets out two options that "materially reduce" capital requirements relative to prior decisions made in 2019, but warns the changes are not a silver bullet. “Both opti
Precinct Properties is looking to form a new capital partnership involving Auckland's PwC Tower to fund further developments. Alongside Precinct's full-year result on Wednesday, chief executive Scott.
New proposals to reset New Zealand’s banking capital adequacy requirements appear to be gaining sector support, but may still encounter choppy trans-Tasman waters, experts say. “The new proposals
A large amount of the capital earmarked to be returned from Fonterra Co-operative Group’s Mainland Group divestment could be heading for debt repayment. The long-awaited deal to sell off Fonterra’
PaySauce has completed the final instalment of its $5.8 million capital raising. The payroll software company today issued the remaining 1.65 million shares - two weeks earlier than expected - to brin
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