Capital + Merchant Finance directors Robert Sutherland and Colin Ryan have both pleaded guilty to charges of making untrue statements in offer documents and will be sentenced in Auckland next month. The Australia-based pair admitted two charges of making an untrue statement in a registered prospectus and one charge of distributing advertisements which included an untrue statement, market watchdog the …

Auckland real estate firm Barfoot & Thompson’s new listings more than doubled in January from December while the average sale price fell, suggesting the city’s overheated property market is luring more sellers. Auckland’s biggest real estate firm listed 1,440 properties in January, the highest for that month in five years and up 40 percent from January 2012. The firm had …

Cash market trades on the NZX jumped by 33 percent in January from the same month last year, driven by share transactions. Total trades rose to 69,281 and the value of trading rose 66 percent to $2.3 billion, NZX said in its monthly shareholder metrics. The average daily value of trading rose 51 percent to $106 million. The NZX 50 …