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govts legal advisors criticise rushed exploration ban process
By Gavin Evans Oct. 30 (BusinessDesk) - Consultation on legislation to implement the government’s planned ban on new offshore exploration should have been wider given its potential for “significan
fma rbnz disappointed by life insurers response 14m of issues found
By Jenny Ruth Sept. 17 (BusinessDesk) - Sixteen New Zealand insurers have identified more than 75,000 customer issues valued at least $1.4 million but regulators still say they are disappointed by the
rbnz backs decision making committee but wants to keep it in house
By Rebecca Howard Nov. 9 (BusinessDesk) - The Reserve Bank of New Zealand is in favour of formalising a committee-based decision-making process but would prefer to keep out external members, and doub
pushpay valuation assumes management miss targets
Pushpay Holdings’ board of directors are pressing ahead with a scheme of arrangement vote after an independent valuer found the takeover offer scraped into its acceptable range. US-based private equ
not such an ezibuy
Ezibuy’s liquidators managed to squeeze an extra $600,000 out of Mosaic Brands after it threw in a lowball offer to buy back the group. After putting it into administration nearly 12 months ago, owi
unholy trade off nzsa says it will support synlaits capital raise
The New Zealand Shareholders Association has thrown its support behind Synlait Milk’s capital raise. Shareholders will gather at the cash-strapped processor’s Dunsandel site next week to vote on a
liquidators take legal advice on a chris cook entity owes 326m
The liquidators of one of well-known property developer Chris Cook’s entities say they’ve taken legal advice on “certain matters”. But Cook says no legal action is ongoing. Multiple entities c
martin aircraft taps investors for 5 million ahead of plans to raise as much as 20m in ipo
By Suze Metherell Aug. 8 (BusinessDesk) - Martin Aircraft Co, which plans to make the world's first commercial jetpack, has so far raised half of its $5 million target by selling shares to investors
while you were sleeping oil weighs on equities
By Margreet Dietz Dec. 29 (BusinessDesk) - Wall Street moved lower with the price of oil amid concern about the global glut at a time of weakening worldwide economic growth. Oil dropped, pushing both.
the art of luring wealth and talent to nz
It may seem like a small change to the fine print attached to visitor visas, but venture capitalists say it’s the key to getting wealthy and talented people on the hook so they can fall in love with
the public service slims down but pay rates rose faster than the private sector
Finance Minister Nicola Willis says the brakes have been put on contractor and consultant spending, while the number of public servants is expected to continue to fall. She was commenting on workforce
dira bill passes third reading fonterras capital restructure in by late march
The legislation which would enable Fonterra to undertake its capital restructuring has passed its final reading in parliament. Fonterra confirmed on Friday morning that the new structure should be in.
ezibuys parent wants collapsed retailers assets back
The parent of Ezibuy has lobbed in an offer to its liquidators to buy back the collapsed retailer’s assets. In April, Mosaic Brands – which is listed across the Tasman – put the Palmerston North
proxy advisors turn nz companies upside down and inside out
Mainfreight boss Don Braid says, “without wanting to aggravate them, they’re a pain in the arse”. "They" are the global proxy advisers, dominated by two giants – Institutional Shareholder Serv
what exactly is the business of government and more
The 'People’s Portfolio' Should the government be in the business of farming or providing a property valuation service that competes against the private sector? Currently it is, but in his state of
martin jetpack raises 65 mln in oversubscribed private placement
By Paul McBeth Sept. 11 (BusinessDesk) - Martin Aircraft Co, which plans to make the world's first commercial jetpack allowing a person to fly, raised $6.5 million in an oversubscribed private placeme
while you were sleeping wall st recovers in volatile trading
By Margreet Dietz Feb. 7 (BusinessDesk) - Wall Street rebounded, as investors found value following Monday’s global stock market rout, amid bets that the outlook remains positive for corporate profi
business of government is infrastructure funding really sorted ai lessons from across the tasman and more
Fourth pillar needed? The Government has announced what it says will be “the biggest change to infrastructure funding and financing since the early 2000s”, but according to a Melbourne-based sover
pretty wild market times
In its brief 249 years of existence as an independent nation, the United States has been without peer as an incubator for unleashing human potential. Despite some severe interruptions, the country’s
comcom banking shakeup hinges on open banking
The Commerce Commission wants the Government to properly capitalise Kiwibank and have open banking “fully operational” by June 2026. Those were two key recommendations from the 14-month inquiry in
my net worth marc mitchell investor and new nz breakers owner
Marc Mitchell recently bought the New Zealand Breakers basketball franchise with an investment consortium. He is married, and they have three children. I’m from Los Angeles. I grew up there and wen
what the australian election means for nz businesses jobs and projects
The Australian election is unlikely to have a significant impact on New Zealand companies or our economy, regardless of the result. However, the slowing of Australia’s infrastructure build could hav
unmatched opportunity at coming aotearoa art fair
While the white cube of the gallery can be intimidating for novice collectors, there’s an unmatched opportunity at Aotearoa Art Fair to meet multiple owners of dealer galleries who are all in their
esg is not a word
ESG is not sustainable. According to a new Morningstar report, the environmental, social and governance abbreviation lost significant traction as a managed fund label during the March quarter. The stu
world week ahead us consumer in spotlight 1
By Margreet Dietz Aug. 15 (BusinessDesk) - A slew of US retailer results as well as the minutes from the July Federal Reserve meeting and data on US consumer prices will form a key focus in the comin
Finance News
Finance
No longer 'boutique' Generate is executing, CEO says
The fund manager is now the seventh-largest KiwiSaver provider.
Finance
ANZ half-year profit surges on non-cash gains
Cash earnings were flat, and net interest margin rose slightly.
Finance
BNZ preserves margins on flat half-year
BNZ outranks its Australian cousins for customer preference.
*All returns are per annum, after fees and before taxes. Data updated at 1:05am 13 May 2025 (NZT)
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