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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
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.
fund management companies show diverse profitability in 2024
New Zealand fund managers have shown very mixed performances in making profits for their owners in 2024. That’s taking a step aside from how the funds they manage are performing, something of far mo
property for industry shareholders vote to internalise management
By Sophie Boot June 22 (BusinessDesk) - Property For Industry's managers will reap a $42 million payday after the industrial property investor's shareholders voted to internalise its management con
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
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.
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
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
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
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
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
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
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
from light rail company to property management
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
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
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
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
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
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
du val put into statutory management
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
value of commercial property sales lowest in a decade westpac
The value of New Zealand commercial property has fallen 10% since the 2021 peak, after the sharp interest rate rises and weak economic activity of the past few years, Westpac says. The number of comme
effective risk management the key to climate adaptation says finance committee
Adapting to climate change will be a balancing act between helping those in need while ensuring people take responsibility for managing climate risk, a new report from Parliament says. The Finance and
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.
analysts upgrade stride on developed management strategy
Analysts reacted to Stride Property Group's annual results, post-balance date developments and flagging share price by upgrading their recommendations to various euphemisms of "buy." On the day the re
Finance News
Finance
$400m Christmas bonus for Cryptopia victims
This is the first big payout since a hack and theft in 2019.
Finance
Auditing the Auditors
Audit fee rise is NZ playing ‘catch up’
Auditors have relied on importing talent, says NZSA's Oliver Mander.
Finance
HYEFU: Big bump to bond programme
Looser than expected fiscal policy drives a much bigger bond programme.
*All returns are per annum, after fees and before taxes. Data updated at 1:07am 22 December 2024 (NZT)
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