Auckland airport share sale: how not to win an argument

Auckland airport share sale: how not to win an argument
Wayne Brown prepares to run his mouth/argument for selling airport shares last week. (Image: NZME)
Pattrick Smellie
Wayne Brown’s crazy uncle routine is obscuring the fact that he’s got a very strong case in favour of selling the 18% share of Auckland international airport that Auckland council owns.It’s also obscuring a fact that Aucklanders aren't facing.That is, the city has failed for years to take advantage of the strategic potential that owning a large chunk of New Zealand’s gateway airport would normally confer.The fact is that if councillors vote on Thursday to quit the city’s shareholding in the airport, it will be...

More Finance

Wisdom from Milford’s ‘oldest’ fund manager
Finance

Wisdom from Milford’s ‘oldest’ fund manager

Stephen Johnston has been watching markets since 1997.

Gregor Thompson 09 Jan 2025
RBNZ issues first non-bank deposit-taker licence in nearly a decade
Finance

RBNZ issues first non-bank deposit-taker licence in nearly a decade

The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the...

Staff reporters 08 Jan 2025
How tax rules discourage wealthy investor migrants
Finance

How tax rules discourage wealthy investor migrants

Covid refugees facing a four-year time limit on tax status are forcing the issue.

Pattrick Smellie 06 Jan 2025
M&A outlook: get set for big ticket IPOs
Finance

M&A outlook: get set for big ticket IPOs

Experts are picking a surge in mergers and acquisitions activity for 2025.