![S&P downgrades AMP's life insurance, bank over misconduct](https://businessdesk.co.nz/images/dummy.png)
S&P downgrades AMP's life insurance, bank over misconduct
By Sophie Boot Aug. 30 (BusinessDesk) - S&P Global Ratings cut AMP's life insurance credit rating and said it has a dim view of the group's creditworthiness after revelations from Australia's Royal Commission into misconduct in the financial services sector. The ratings age...
![NZ businesses 'spooked' as 50% expect worse conditions in year ahead, ANZ says](https://businessdesk.co.nz/images/dummy.png)
NZ businesses 'spooked' as 50% expect worse conditions in year ahead, ANZ says
By Sophie Boot Aug. 30 (BusinessDesk) - New Zealand business confidence dropped further in August as headline confidence weakened while firms' views of their own prospects stabilised. A net 50 percent of 369 firms surveyed in the ANZ business outlook survey for August expec...
![Veritas annual accounts tagged by auditor over Mad Butcher sale](https://businessdesk.co.nz/images/dummy.png)
Veritas annual accounts tagged by auditor over Mad Butcher sale
By Sophie Boot Aug. 30 (BusinessDesk) - Veritas Investments reported a profit in 2018 due to the $6.3 million gain from selling the Mad Butcher franchise, though its auditors couldn't confirm that figure, while its only remaining business wrote down $1.2 million in goodwill an...
![MARKET CLOSE: NZ shares surge to record as market reopens; Synlait, a2 gain](https://businessdesk.co.nz/images/dummy.png)
MARKET CLOSE: NZ shares surge to record as market reopens; Synlait, a2 gain
By Sophie Boot Aug. 29 (BusinessDesk) - New Zealand shares surged to a record as the market reopened after yesterday's platform failure. Synlait Milk and A2 Milk Co led the gains. The S&P/NZX50 Index gained 148.65 points, or 1.6 percent, to 9,362.67. Within the index, 35 st...