Wellington, Sept 2 NZPA - The daughter of beleaguered South Island financier Allan Hubbard says she is "grateful" people will get their money back through the Crown deposit guarantee.

Wellington, Aug 30 NZPA - South Canterbury Finance is warning "there can be no certainty" recapitalisation and restructuring proposals will be successfully implemented, while the Serious Fraud Office says it will continue investigating related companies operated by Timaru businessman Allan Hubbar

Wellington, Aug 27 NZPA - The future of ailing finance company South Canterbury Finance (SCF), placed in a trading halt today, may be decided on Monday, with two investment offers understood to be on the table.

Wellington, Aug 27 NZPA - Timaru businessman Allan Hubbard says he feels ambushed by the statutory managers of his businesses, and disappointed not to have had a chance to review a report showing a significant shortfall in one of the managed funds.

Wellington, Aug 27 NZPA - The future of South Canterbury Finance should soon be clarified after a trading halt was placed on the finance company's securities today, ahead of an announcement expected early next week.

Wellington, Aug 27 NZPA - Supporters of Timaru businessman Allan Hubbard expressed disbelief today at a second report by statutory managers which predicted a slow return of capital for investors in one business and a shortfall of at least 25 percent in another.

Wellington, Aug 27 NZPA - About 300 investors in Hubbard Management Funds (HMF) were told by statutory managers today that the company overstated its value by at least 25 percent on March 31, reporting non-existent investments and cash balances.

Wellington, Aug 25 NZPA - The Serious Fraud Office (SFO) said it has laid over 100 charges under the Crimes Act against Nicholas Kirk, Marcus MacDonald, Anthony Bowden and Neill Williams who are associated with the collapsed Five Star Finance Group.

Wellington, Aug 24 NZPA - A group of 71 investors have written to Commerce Minister Simon Power asking him to terminate the statutory management of entities associated with Timaru businessman Allan Hubbard and his wife Jean.

Wellington, Aug 20 NZPA - South Canterbury Finance's credit rating has been lowered for the second time in two months as the company's cash position continues to worsen.