ON THE MONEY: Fletcher, Stiassny, CBL and more

Victoria Young
Sat, 27 Jun 2020

Victoria Young
Sat, 27 Jun 2020
Welcome to On the Money, BusinessDesk’s weekly column on money and the people making it. (Fletcher Building chief Ross Taylor pictured above)Fletcher boss in iso Poor Fletcher Building can’t shake the impact of covid-19. At the end of January it was the 10th largest on the NZX by market cap, and now its 16th. The company has taken a battering. The latest blow being its chief executive taken out by the bug. Fletcher head Ross Taylor is currently in quarantine in Rotorua, along with hundreds of returning Kiwis.A rep for Tayl...
Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Property
Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.