The strictly business year end awards – 2023 edition

The strictly business year end awards – 2023 edition
Reserve Bank governor Adrian Orr has been telling NZ it needs to have a recession. (Image: Getty)
Staff reporters
Wacky dividend policy of the year: ChorusThere were many contenders for this one. Ryman Healthcare broke with long tradition and got over its phobia against raising new capital and instituted a dividend reinvestment plan (DRP).But oops, Ryman doesn’t pay tax, so it doesn’t have any imputation credits, so the dividend is taxable in shareholders hands, even if they decide to give it back.But the winning trophy has to go to a particularly egregious example: Chorus paid a final dividend of 21 cents per share, also unimput...

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NZ sharemarket rises with gentailers leading
Markets Market close

NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Tom Raynel 09 May 2025
Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

Staff reporters 09 May 2025
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Staff reporters 09 May 2025
Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025