Waiheke Island

Changes are underway at Money Managers which will see the ownership of the business change.

Reserve Bank Governor Alan Bollard said: "The outlook for economic activity has deteriorated somewhat since we reviewed the OCR in January.

Property investor St Laurence Property & Finance (SLPF) has pulled a plan to register a prospectus on NZX and will instead register one on the less rigorously controlled unlisted market.

Financially troubled MFS Pacific Finance is to receive around A$10 million ($11.7m) in cash back from an inter-party related loan.

In this months Tyndall comment, Peter Lynn makes some predictions for 2008 and Andrew Hunt provides a cautionary take from the Spanish experience – "the stuff of nightmares".

One of the quiet achievers of the funds management industry in New Zealand has taken out the top spot in the Morningstar Fund Manager of the Year Awards announced last night.

Macquarie Fortress New Zealand directors say, in their half-year interim report, the future of its Fortress Notes trust is uncertain.

Wellington

New Plymouth

The latest market share figures for the life insurance industry show that Sovereign continues to comfortably hold onto the number one position.
The figures from the Investment Savings and Insurance Association (ISI) are broken into two groups; Individual risk and Traditional risk.

All Locations

I wonder how many people will be giving advice today? Talking to lawyers yesterday it seemed there was a mad rush to get new disclosure documents signed off in time.