Opinion

Opinion and analysis from Pattrick Smellie, Jenny Ruth, Peter Griffin, David Chaplin and Cameron Bagrie and a top-level group of New Zealand experts, including the BusinessDesk editorial team.
OPINION: Why so conservative, Grant?
Pattrick Smellie | Wed, 11 Dec 2019

Here’s a prediction: the political commentariat and the government's core support base will sweep aside the $12 billion of additional capital spending announced by Finance Minister Grant Robertson today as unduly conservative – even miserly.Having raised expectations the governme...

OPINION: All the questions the convention centre fire asks
Pattrick Smellie | Thu, 24 Oct 2019

As the flames die and the smoke clears on the roof of the unfinished New Zealand International Convention Centre roof, questions from this sorry episode spin out in many directions.There are the simple questions: how did it start? Whose individual incompetence, error or negligenc...

ANALYSIS: Why banks don't pass on full OCR cuts
Jenny Ruth | Fri, 18 Oct 2019

New Zealand's four major banks may be feeling battered as they await the Reserve Bank's final decisions on how much extra capital they're going to have to hold, but they should thank their lucky stars they're not as exposed to ritual bashings as their Australian parents.Still gra...

OPINION: FPAs and 'swallowing vomit' - the lot of the CTU
Pattrick Smellie | Wed, 16 Oct 2019

Council of Trade Unions president Richard Wagstaff was kept waiting by the Workplace Relations Minister, Iain Lees-Galloway, at the CTU's biennial conference in Wellington on Wednesday. It was either prophetic or to be expected. Wagstaff had to improvise while he waited for the m...

ANALYSIS: Govt will have to pay up for high-rise and other construction
Jenny Ruth | Sun, 22 Sep 2019

By Jenny Ruth Sept. 23 (BusinessDesk) - If New Zealand's construction industry is to thrive, the bottom line is that clients, particularly government ones, are going to have to pay more for buildings. Steve Killeen, chief executive of Downer's New Zealand operations, spelle...

ANALYSIS: Should penalties for continuous disclosure breaches be relaxed?
Jenny Ruth | Thu, 19 Sep 2019

By Jenny Ruth Sept. 19 (BusinessDesk) - Is the liability companies and directors face for breaches of NZX's continuous disclosure rules preventing people from becoming directors? Is the continuous disclosure regime dissuading a significant number of companies from listing o...

ANALYSIS: Wealth management now wags the stock-broking dog
Jenny Ruth | Sun, 15 Sep 2019

By Jenny Ruth Sept. 16 (BusinessDesk) - Could the lack of new listings on NZX be as simple as New Zealand not having enough traditional stock-broking and merchant banking firms? The capital markets review's report mentions the issue: "Each of the five primary retail NZX fir...

COMMENT: Retail shareholder perspective missing in action in capital markets review
Jenny Ruth | Tue, 10 Sep 2019

By Jenny Ruth Sept. 11 (BusinessDesk) - One glaring omission in the capital markets review committee's report this week is the point of view of retail shareholders which is largely missing in action. Perhaps that was inevitable, given the committee’s make-up: chair Martin S...

ANALYSIS: Vital investors foot the bill for ditching a dud idea
Jenny Ruth | Sun, 01 Sep 2019

By Jenny Ruth Sept. 2 (BusinessDesk) - Investors were mightily relieved when Vital Healthcare Property Trust’s manager announced in May that Vital wouldn’t be party to buying Healthscope properties for A$1.25 billion. Trading in Vital speaks volumes: the unit price jumped f...

COMMENT: ANZ still doesn't get it
Pattrick Smellie | Thu, 22 Aug 2019

By Pattrick SmellieAug. 22 (BusinessDesk) - In business, as in life, it sometimes pays to ask whether you want to be right, or be happy.The ANZ Bank appears to have decided it wants to be right.Hence its staggering insistence today that it disagrees with the Financial Markets Aut...

ANALYSIS: Another new head for Xero's American dream
Jenny Ruth | Thu, 22 Aug 2019

By Jenny Ruth Aug. 22 (BusinessDesk) - Xero has a fraught history of trying to suss out success in North America with what has sometimes had all the hallmarks of an executive revolving door. The company’s slow progress in the US has also long been a disappointment to analys...


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