Simon Hartley

Surprise Brexit result boosts spot gold price

Global spot gold prices rose as much as almost 5% immediately after the results of Britain's Brexit referendum last week to touch $US1357 ($NZ1916) on Friday, but eased to trade around $US1313 yesterday.

Hellaby sells equipment for $81m

Hellaby sells equipment for $81m

Diversified investment company Hellaby Holdings has accepted an $81million offer for its equipment division, using the proceeds to pay off debt and move further into its targeted automotive and resource services sectors.

His business is still minding others

His business is still minding others

Mentoring small businesses around Otago and in the Pacific Islands has been a decades-long crusade for Dunedin businessman Michael Ferrari, and at 76 it's not yet time for him to put his feet up.

Tourism sector may take a hit

A hit to New Zealand's tourism industry could be one of the more immediate effects of Britain's exit from the European Union, while mortgage and business lending rates may be left on hold.

Financial turmoil continues after Brexit

Financial turmoil continues after Brexit

The British pound continued to slide yesterday as turmoil abounded in European and US sharemarkets, while bourses in the Asia-Pacific region initially began retracing losses sparked by the Brexit vote on Friday, then fell back.

No avoiding harm of Brexit’s fallout

No avoiding harm of Brexit’s fallout

New Zealand should expect short-term market volatility and longer-term economic vulnerability as the effects of Britain's exit from the European Union take shape.

Nuplex deal held up by EU delays in approval

A takeover bid of more than $1billion for global resin maker Nuplex has been delayed as European Union regulators take longer than expected to sign off approval.

SBS’ profits up; assets exceed $3b for first time

SBS Bank's total asset base has been boosted beyond $3billion for first time and the lender has posted an improved after-tax profit of $27.7million for its year to March.

Farm woes blamed for pessimism

Farm woes blamed for pessimism

Stellar growth in Queenstown failed to buoy Otago's overall economic confidence, with the province being one of five across the country showing a decline in sentiment, although still in positive territory.

MTF rebuffs suitors: 'none had sufficient merit'

Dunedin-based lender Motor Trade Finance has rejected all offers from at least two companies to take a stake in the company, saying "none had sufficient merit'' to take to shareholders for approval.