Mainfreight’s Plested talks taxes, climate change and succession

Mainfreight’s Plested talks taxes, climate change and succession
Victoria Young
By Victoria Young Aug. 1 (BusinessDesk) - Mainfreight chairman Bruce Plested spoke out about multi-nationals who don’t pay tax in New Zealand and addressed climate change at the company’s annual meeting earlier this week.  In his opening remarks, the Mainfreight founder ran through the usual profit and revenue figures, but also drew attention to the $54 million in tax the company will pay for the year ended March 31, a $9 million increase on the previous year.  Plested noted that the company would pay that money for “health, education...

More Economy

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

Inflation data keep RBNZ rate cuts on track
Economy

Inflation data keep RBNZ rate cuts on track

Today's data point to inflation peaking close to 3% in 3Q. 

Rebecca Howard 16 Sep 2025
Cars from collapsed dealer at director’s previous firm
Economy

Cars from collapsed dealer at director’s previous firm

Cars were moved off the yards before the insolvencies.

Gregor Thompson 16 Sep 2025