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Southbury Sells Convertible Notes In First Leg Of Capital Raising

Southbury Sells Convertible Notes In First Leg Of Capital Raising
Wellington, Jan 11 NZPA - A public listing of the extensive South Island business interests of Timaru-based businessman Allan Hubbard is among the options being considered as a follow up to a successful private placement of convertible notes announced today that raised $27.5 million.

Geneva Finance Reports Loss Late

Geneva Finance Reports Loss Late
Wellington, Dec 19 NZPA - Under threat of a share trading suspension Geneva Finance today filed its late interim result which reveals a $7.7 million loss for the six months to September 30.

HBOS Loaned About $3b To NZ Businesses

Wellington, Sept 19 NZPA - British bank HBOS, which became another casualty of the credit crisis, has loaned about $3 billion to New Zealand businesses. Struggling HBOS is Britain's biggest mortgage lender and the owner of banks including Halifax and Bank of Scotland.

Academic Calls For Finance Sector Law To Be Fast-tracked

By Kent Atkinson of NZPA Wellington, July 24 NZPA - Massey University financial investment expert Chris Malone says it is a concern that the finance sector crisis has not been adequately addressed by the Government and the Reserve Bank.

Geneva Finance Refunds More Than $500,000 To Customers

Wellington, June 19 NZPA - Geneva Finance has refunded customers more than $500,000 after admitting it breached the law by not providing rebates on insurance when some debtors paid loans early.