“My first reaction was, Stephen who?” Metlifecare director Mark Binns recalls. In the middle of a global pandemic, the NZX-listed retirement operator found itself fighting its Swedish suitor EQT,
By Alice Uribe SYDNEY— Perpetual has agreed to sell its corporate trust and wealth management businesses to buyout firm KKR in a deal worth around A$2.18 billion (NZ$2.3b). The Australian financia
Craigs Investment Partners has confirmed the appointments of Goldman Sachs' Justin Queale and Steve Sue as its new investment banking chief executive and managing director respectively. Queale has bee
Another review into civil defence functions at Auckland council has found wider emergency processes were not up to scratch before the fatal Auckland floods earlier this year. Four people died and hund
Aged care operator Arvida, property group Stride, telco infrastructure firm Chorus and milk marketer a2 are among the New Zealand stock exchange-listed firms enjoying increased investment from the NZ.
Passing on wealth needs careful planning and discussions with experts. Produced in association with Craigs Investment Partners. It has been estimated that around $1 trillion of wealth will transfer o
Goodman Property Trust will pay $290 million to its Australian-listed management company and shareholder Goodman Group to internalise its management function. Bringing management in-house will cost th
Waste Management New Zealand has refunded $5.6 million to residential customers and is working on refunding more customers after a Commerce Commission investigation found it had likely breached the F
Australian Foundation Investment Company Limited specializes in investing in Australian equities. The company has a diverse portfolio of 75 Australian companies. The company follows a dividend reinves
Milford Asset Management invests in fossil fuels and gaming companies but says even coal producers can benefit from investor engagement. For some companies, it’s one of the first times an investor h
A select committee has heard that road cones and other traffic management requirements can add significant extra costs to infrastructure projects. Ross Copland, the chief executive of the Infrastructu
The government is replacing the Social Wellbeing Agency with the Social Investment Agency, which will lead the coalition's new social investment approach. $50.5 million in new funding has been allocat
CBL Corporation's managing director, Peter Harris, says he will not take on any management or director positions at any public company or licensed insurer in New Zealand after admitting to breaching s
Harbour Asset Management has acquired Tony Hildyard's Hunter Global Fixed Interest Fund, taking its funds under management to about $7.5 billion. The $1.1b Hunter fund was previously offered under the
'Everyone has a plan until they get punched in the mouth.' – Mike Tyson. An investment framework … The most important thing to me and anyone I know who is serious about investing is to have “an
A contest of ideas? Last week, finance minister Nicola Willis, who also holds the social investment portfolio, announced the relaunch of the agency responsible for taking the work in that area forward
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
By Sophie Boot Sept. 27 (BusinessDesk) - Investment advisory firm Saturn Portfolio Management has lost a court battle with pension provider i-Select after a judge rejected its allegations of a conspi
Will AustralianSuper’s $5.37 billion offer for Infratil bring more bidders out?The fund’s bid late on Tuesday afternoon New Zealand time for infrastructure investor Infratil saw its dual-listed sh
By Paul McBeth Aug. 8 (BusinessDesk) - CropLogic, the agricultural technology company which counts Powerhouse Ventures as a shareholder, will have its initial public offering underwritten to ensure it
Welcome to My Net Worth, our regular column on the lives and motivations of our country’s top business, legal and political people in their own words. Tenby Powell is one of New Zealand’s most p
In 2020/21 the Serious Fraud Office (SFO) commenced 11 full-scale investigations while bringing 45 defendants and a total of $292 million in alleged fraud before the courts – all of that with 67 s
JP Morgan Asset Management and Craigs Investment Partners announced a strategic partnership with a multi-year memorandum of understanding. The partnership aims to leverage the strengths of both organi
To avoid “horror stories”, selling a farm begins long before the "for sale" sign goes up. Produced in association with Craigs Investment Partners. The sudden influx of a substantial sum – like t
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