Economy
Explore the latest economy news by BusinessDesk
Markets
Would a trans-Tasman bubble put it all at risk?
Pressure to create the trans-Tasman bubble is ramping up but is it worth the risk?
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Policy
Twyford lets in America's Cup yachties as entry rules changed
Economic Development Minister Phil Twyford has confirmed border exemptions for two yachting syndicates challenging Emirates Team NZ for the 36th America’s Cup. Delays to the entry of the two teams – American Magic and INEOS Team UK – were seen as a potential threat to a global...
Property
Ryman underlying profit up 6.6%, villages devalued $70.9m
Ryman Healthcare missed its own pre-covid profit target but still reported a 6.6 percent rise in underlying annual profit. The bottom line was down 19 percent to $265 million for the year ended March due to independent valuer CBRE chopping $70.9 million off the value of the co...
Services
MediaWorks in talks with lenders as covid whacks earnings
MediaWorks Investments is in talks with its lenders after the covid-19 pandemic wiped out its already shaky advertising revenue and leaves it likely to breach its banking covenants this month. The free-to-air TV and radio station operator reported a loss of $25.1 million in ca...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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