Economy
Explore the latest economy news by BusinessDesk
Infrastructure
Uncertain smelter future delays transmission work
A project to reduce the impact of the potential closure of the Tiwai Point aluminium smelter or a major production cut there may be delayed, generators say.
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Finance
Westpac NZ's profit halves as bad debt charges jump 15 times
Westpac New Zealand's first-half net profit halved as charges against profit for bad debts jumped more than 15 times, non-interest income dropped 29 percent and operating costs rose 13 percent.The bank's statutory net profit for the six months ended March 31 fell to $256...
Policy
Transmission Gully delayed as govt fast-tracks new big projects
Wellington's billion dollar Transmission Gully project may take two years longer to complete than expected, trucking industry leader Nick Leggett said, on the same day the government announced it would slash resource consent procedures to accelerate new 'shovel-ready'...
Coronavirus
Synlait CEO sees 'flight to trust' while juggling new challenges at level 3
So far, Synlait Milk hasn’t taken an operational hit from covid-19, though not without “a heck of a lot of effort,” says chief executive Leon Clement. “We certainly saw risk coming and we got pretty close to the bone on a few things, but by and large we found our way through t...
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Pattrick Smellie
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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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