By Paul McBeth July 19 (BusinessDesk) - Resolution Life may be able to wrestle more than a billion dollars from the A$3.3 billion sale price of AMP's life insurance business after a known risk came to
By Fiona Rotherham Feb. 3 (BusinessDesk) - The Labour Party has urged Talley’s Group to resolve the five-month dispute between Affco and Wairoa meatworkers, saying it is causing severe financial h
It was partway through a panel at the China Business Summit last week when Fonterra chief executive Miles Hurrell got real about one of its stars: the cushion lady. “The trade minister talked about
New Zealand “cleantech” companies have plans for $400 million worth of capital raises in the year to March 2025, according to a new survey. The actual figure for the sector could be considerably h
Fletcher Building’s largest shareholder says the embattled construction conglomerate should avoid a capital raise at all costs. The dual-listed building firm told markets on Monday it now expected
Grant and Marilyn Nelson are still waiting for a judicial review ruling against MSD. With polls looming, the opioid crisis will disrupt the balance the pr
New Zealand shares joined a global rally, with Infratil one of the frontrunners after the infrastructure investment firm resumed trading fresh off a successful $1 billion to institutional investors.
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
By Paul McBeth July 23 (BusinessDesk) - PGG Wrightson shareholders have again given the rural services firm the thumbs up to a capital return in a tax-efficient way. Shareholders voted overwhelming
Government agency Callaghan Innovation seeks private sector investment to fund new biotechnology facilities it wants to build at its Gracefield Innovation Quarter in Lower Hutt. It comes after the gov
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
Listen to BusinessDesk's daily podcast where you will find a summary of the day's top stories. Jacques Steenkamp hosts today's episode. Listen to the daily episodes by following the podcast on iHeartR
By Rebecca Howard Feb. 25 (BusinessDesk) - The New Zealand dollar remained above 68 US cents as investors were hopeful the US and China will manage to hammer out a new trade deal. The kiwi was tradi
New Zealand’s banks don’t appear at all vulnerable to the vicissitudes afflicting regional US banks and which brought down Switzerland’s second-largest bank, Credit Suisse. All are very well cap
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
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
By Rebecca Howard Jan. 18 (BusinessDesk) - New Zealand shares followed Asian markets higher on renewed hopes for a resolution to the US-China trade tensions. Trading was light with few local drivers
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
The Vikings started it. With all those sharp weapons lying around, the old Norsemen probably needed an independent third-party to settle petty internal disputes before things turned nasty. Enter the u
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
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
By Jenny Ruth July 18 (BusinessDesk) - The Reserve Bank says it hasn’t changed its approach to applications for changes of ownership of life insurance companies and nor has there been any change in
If you’re walking down the bottom of Auckland’s Queen St on a Friday night, don’t be surprised to see a few more office lights shining out from Commercial Bay’s PwC Tower. While deal-making
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