“My first reaction was, Stephen who?” Metlifecare director Mark Binns recalls. In the middle of a global pandemic, the NZX-listed retirement operator found itself fighting its Swedish suitor EQT,
Warren Buffett is well known for saying that if he was stranded on a desert island and only allowed one data set, it would be North American Rail Data. It comes out every week. At the core of the US
Fonterra has promoted two of its leaders to its management team as the co-operative looks at options for its consumer business. Fonterra's president Atlantic, Richard Allen, has been appointed preside
Australian Foundation Investment Company Limited specializes in investing in Australian equities. The company has a diverse portfolio of 75 Australian companies. The company follows a dividend reinves
Another review into civil defence functions at Auckland council has found wider emergency processes were not up to scratch before the fatal Auckland floods earlier this year. Four people died and hund
A select committee has heard that road cones and other traffic management requirements can add significant extra costs to infrastructure projects. Ross Copland, the chief executive of the Infrastructu
Waste Management New Zealand has refunded $5.6 million to residential customers and is working on refunding more customers after a Commerce Commission investigation found it had likely breached the F
CBL Corporation's managing director, Peter Harris, says he will not take on any management or director positions at any public company or licensed insurer in New Zealand after admitting to breaching s
The government has placed the failed Du Val property development group into statutory management. It follows 64 Du Val companies and the group’s founders, Charlotte and Kenyon Clarke, being put into
Estate planning and investment firm Perpetual Guardian Group has acquired Castle Point Funds Management for an undisclosed sum to expand its retail market presence. Signed Tuesday, the acquisition of.
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
A United States fuel cell tech company has successfully pursued a twice-bankrupt New Zealand man for nearly US$2.8 million (NZ$4.85m) after he made fraudulent claims to attract investment in a shell c
Harbour Asset Management has acquired Tony Hildyard's Hunter Global Fixed Interest Fund, taking its funds under management to about $7.5 billion. The $1.1b Hunter fund was previously offered under the
Nearly one in two infrastructure projects being delivered by government agencies are experiencing delays and transport dominates future spending intentions, a new monitoring report says. Treasury rele
The Financial Markets Authority has censured Pathfinder Asset Management for misleading promotions of its KiwiSaver Funds ethical investments. The marketing campaigns relate to investments in companie
The entity originally set up to deliver light rail in Auckland will be wound down within months, officials believe, after narrowly avoiding being rebranded as a property management company. The coalit
By Sophie Boot Sept. 27 (BusinessDesk) - Investment advisory firm Saturn Portfolio Management has lost a court battle with pension provider i-Select after a judge rejected its allegations of a conspi
Will AustralianSuper’s $5.37 billion offer for Infratil bring more bidders out?The fund’s bid late on Tuesday afternoon New Zealand time for infrastructure investor Infratil saw its dual-listed sh
By Paul McBeth Aug. 8 (BusinessDesk) - CropLogic, the agricultural technology company which counts Powerhouse Ventures as a shareholder, will have its initial public offering underwritten to ensure it
Welcome to My Net Worth, our regular column on the lives and motivations of our country’s top business, legal and political people in their own words. Tenby Powell is one of New Zealand’s most p
In 2020/21 the Serious Fraud Office (SFO) commenced 11 full-scale investigations while bringing 45 defendants and a total of $292 million in alleged fraud before the courts – all of that with 67 s
JP Morgan Asset Management and Craigs Investment Partners announced a strategic partnership with a multi-year memorandum of understanding. The partnership aims to leverage the strengths of both organi
Lee Marshall has spent the past 15 years raising his family in New Zealand while helping to build the stellar reputation of the award-winning recruitment agency he and two friends founded. He's an avi
Fund manager Mercer says New Zealand KiwiSaver managers shouldn’t shy away from more investment in private assets despite the International Monetary Fund’s unease over illiquidity in Australian pe
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