Lean All Blacks operation offers plenty of upside – Forbar CEO

Lean All Blacks operation offers plenty of upside – Forbar CEO
Paul McBeth
New Zealand Rugby’s commercial operations are just as lean as its athletes, offering plenty of upside as an investment proposition.The NZ Rugby Players’ Association (NZRPA) asked Forsyth Barr three weeks ago to run the numbers on an initial public offering of 5% of the national sporting body’s commercial operations as it tries to find an alternative to the proposed sale of 12.5% to private equity firm Silver Lake.Association president and the investment house's chair David Kirk recused himself from the decision process and...

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ASB settles CCCFA class action for hefty $135.6m
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Andy Macdonald 07 Oct 2025
ASB pays $135.6m to settle long-running CCCFA class action
Finance

ASB pays $135.6m to settle long-running CCCFA class action

High-street lender ASB has agreed to pay $135.6 million to settle a class action brought against it for alleged breaches of the Credit Contracts and Consumer Finance Act (CCCFA).The settlement – without admission of liability or wrongdoing – concluded four years of legal proceedi...

Staff reporters 07 Oct 2025