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fonterra reshuffles management team to speed up value add strategy
By Fiona Rotherham April 24 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has changed two senior management roles in a bid to push its value-add strategy harder in
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
fonterra prioritising value over volume
By Rebecca Howard Sept. 26 (BusinessDesk) - Dairy giant Fonterra Cooperative Group is bringing its focus squarely back to New Zealand as it prioritises value over volume. It’s not the first time t
how shareholder value became a wall street mantra
By Adrian Wooldridge Michael Jensen, who died on April 2, did as much as any single thinker to shape modern financial capitalism, particularly as it is practised in the Anglo-Saxon world. To his c
anz shuffles senior management roles
ANZ Bank NZ said its chief financial officer Stewart Taylor will become acting managing director of funds management from the end of this month. This is a new role created since Craig Mulholland, mana
hipkins nz china relationship needs careful management
Prime minister Chris Hipkins says New Zealand’s relationship with China going into the future will require “careful” management – in the context of an increasingly complex global environment.
datacom finds value in focus on ethics in tech
Ethical concerns are more important than ever for tech providers as customers are increasingly looking to work with companies making a positive impact, Datacom says. This was one of the key changes th
waste management cops 450k fine
The Wellington district court has fined Waste Management $450,000 for the chemical poisoning of employee James Gideon in August 2017. Gideon was overcome by hydrogen sulphide gas emitted at a treatmen
goodman to pay 290m to bring management in house
Goodman Property Trust will pay $290 million to its Australian-listed management company and shareholder Goodman Group to internalise its management function. Bringing management in-house will cost th
waste management refunds customers 56m after incorrect billing
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
smartshares us large value etf
The US Large Value Trust ("the Fund") is a unit trust, as defined in the Units Trust Act 1960.The beneficial interest in the Fund is divided into units, with each unit representing an equal interest i
auckland emergency management found wanting
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
kkr to buy perpetuals corporate trust wealth management units for 23b
By Alice Uribe SYDNEY— Perpetual has agreed to sell its corporate trust and wealth management businesses to buyout firm KKR in a deal worth around A$2.18 billion (NZ$2.3b). The Australian financia
leadership changes on fonterras management team
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
too high traffic management costs questioned
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
karaka land value hits fisher paykel profit
Fisher & Paykel Healthcare’s profit has taken a $98 million hit on the value of its Karaka property. The New Zealand Exchange-listed (NZX) company reported its full-year result for the year ended
arvida pauses dividend to unlock intrinsic value for shareholders
Despite a record sales performance, Arvida has paused dividends and launched a “value recognition programme” to “accelerate intrinsic value for shareholders”. Arvida's shares were up 4.2% to $
cbls harris accepts management ban
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
sharesies buys investor management platform orchestra
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
sharesies buys investor management platform orchestra
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
business of government the quest for value te ao maori upheld and more
Parliament’s first financial scrutiny week is over, and a hundred-plus hours of extended quizzing has armed MPs with plenty to discuss in the six hours remaining of the Budget debate. Quote of the w
the warehouse group slims down its management structure
The Warehouse Group is thinning out its management structure as it refocuses on three core brands. Interim chief executive John Journee announced the disestablishment of six of its nine group executiv
perpetual guardian buys castle point funds management
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.
augusta capital confirms loss of pie status as market value of funds management exceeds 10 of assets
By Jonathan Underhill March 24 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, will lose its Portfolio Investment Entity (PIE) status from July 1 because the value of.
fed probes morgan stanleys international wealth management practices
By Annamaria Andriotis Morgan Stanley’s wealth-management arm is being scrutinised by the Federal Reserve, which is looking into whether the bank has sufficient controls in place to prevent rich for
Finance News
Finance
Payments NZ could play key role in open banking standards
A draft decision proposes an 18-month approval, rather than the five years requested.
Finance
Singapore becomes hot spot for M&A bankers hunting Asia deals
The island is a magnet for parties interested in mergers and acquisitions.
Finance
Medicine working but business confidence continues to fall
Confidence in retail and construction rose, while other sectors were more downbeat.
*All returns are per annum, after fees and before taxes. Data updated at 1:07pm 03 July 2024 (NZT)
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