New Zealand Bloodstock’s 2013 premier sale wrapped up at Karaka on Tuesday with 323 of the 441 lots sold. The total raised of $51.05 million was $3.085 million less than in 2012, with 27 fewer horses sold. The sale average of $158,054 is a 2 percent increase on last year’s figure, while the median was unchanged at $120,000. The clearance …

GFNZ Group, the former Geneva Finance, has raised $1.66 million from eight professional investors, two of whom are directors. The NZAX-listed automotive industry financier placed $2.075 million of new business receivables into Prime Asset Trust and used this as security to raise the money. In August, it placed $3.3 million of new business receivables into the trust as security to …

The members of a “shadow board” looking over the shoulder of Reserve Bank of New Zealand governor Graeme Wheeler are more in favour of a cut in the official cash rate than a rise. Economists widely expect Wheeler to hold the official cash rate at 2.5 percent on Thursday and that is also the official line of the New Zealand …