Auckland property prices fall in August, listings stay low
House prices in Auckland fell during August as the number of properties being listed continues to stall.
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Allied Farmers Rob Alloway resigns
Allied Farmers chief executive Rob Alloway has resigned, following chairman John Loughlin out of a firm whose finance arm is in receivership.
<i>Bernard Hickey:</i> Dear Allan Hubbard - Please say sorry and thanks
Dear Allan Hubbard. Please take responsibility for the mess created by the boom and now bust of the South Island's largest financial institution, writes Bernard Hickey.
Property agent fined $5k for tampering with sale deal
A real estate agent who tampered with a sale and purchase agreement to increase her stake in a commission split has been fined.
Fewer listings fail to clear property glut
The number of new listings fell for the fifth straight month last month, fuelling talk of a looming property shortage in our biggest city.
<i>John Armstrong</i>: A textbook example of crisis management
Watching John Key and Bill English dispose of South Canterbury Finance was a bit like watching a python swallowing an antelope.
South Canterbury bailout bill: $405 each
The Govt yesterday paid $1.775bn - or $405 for every person in NZ - to take control of failed moneylender South Canterbury Finance's assets.
Rich lister's fund gets paid first
A private equity fund is to receive a $100m taxpayer-funded payout from the Govt in order to make the receivership of South Canterbury Finance run more smoothly.
<i>Bernard Hickey:</i> It was the right thing to do
The Govt's decision not to support a recapitalisation plan for South Canterbury Finance was the right one.
'No certainty' on restructure, Sth Canterbury tells NZX
South Canterbury Finance has told the NZX "there can be no certainty" its recapitalisation and restructuring proposals will be successful.
Deal could still save SCF - Hubbard
South Canterbury Finance needs a new backer or a government bail out to avoid receivership.
Finance giant on the brink of collapse
Allan Hubbard's finance company is near receivership and is understood to be in last-minute talks with the Govt and overseas investors to avoid NZ's largest corporate collapse in decades.
South Canterbury Finance trading halt likely to persist
South Canterbury Finance is likely to remain in a trading halt into next week as it awaits fresh capital.
SC Finance in trading halt
South Canterbury Finance had its securities halted from trading on the NZX debt market pending an announcement on a new investor.