ANZ faces court claim, dents in National’s armour, land sale strife and focus on disclosure

An electrical switchboard company is suing ANZ Bank after the manufacturer became the victim of online banking fraud, documents filed at the Auckland High Court reveal.

The proceeding is the latest in a line of cases taken against banks in the past few years, court reporter Victoria Young finds.

The National Party may be streets ahead of its nearest rival in the polls but it's not hard to find threats to leader John Key’s opportunity of a third term. Author Nicky Hager’s latest book is a case in point, political editor Rob Hosking writes, while canvassing the state of the parties.

A landmark continuous disclosure breach case in Australia serves as a timely reminder to New Zealand listed companies to keep investors equally informed. Business reporter Calida Smylie investigates what the Newcrest case means for local companies as the FMA considers an industry wide review of continuous disclosure.

Meanwhile, the Shareholders Association has weighed in on the Lyttelton Port takeover notice saga, calling for retail shareholders to have a say in any procedural changes regulators may be looking at. Duncan Bridgeman reports.

What do members of the New Zealand television sector think about Mark Weldon’s appointment as chief executive of MediaWorks? Business reporter Nick Grant discovers a range of views and advice for the incoming CEO.

The rise of smartphones and tablets, and an increasing number of core business apps running on mobiles, is helping to drive businesses’ move to the cloud. But are companies taking mobile security seriously? This is just one important issue covered in this week’s NBR Special Feature IT: Mobile & Wireless.

Elsewhere this week, columnist Neville Bennett has a crack at neo-liberalism, Rodney Hide rekinders a debate with Chris Trotter and Jacqueline Rowarth opines on the potential sale of Lochinver Station to Shanghai Penxgin.

Shoeshine discusses van Eyk Research and its temporary suspension of four Blueprint funds, while Margin Call looks at asset prices and volitility in equity markets.

Briefly:

  • Chris Hutching covers the latest developments in post-earthquake Christchurch
  • Ad Media reporter Campbell Gibson zeroes in on M&C Saatchi’s financial statements
  • Nevil Gibson looks at SkyCity’s plan to target high rollers in Asia and its development plans downunder

All this and more in today’s National Business Review. Out now.

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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7740 -0.0003 -0.04%
AUD 0.9511 0.0005 0.05%
EUR 0.6324 -0.0002 -0.03%
GBP 0.4954 0.0001 0.02%
HKD 6.0039 0.0001 0.00%
JPY 92.5100 -0.0050 -0.01%

Commods

Commodity Price Change Time
Gold Index 1195.4 -2.890 2014-12-19T00:
Oil Brent 61.4 2.110 2014-12-19T00:
Oil Nymex 57.1 2.740 2014-12-19T00:
Silver Index 16.0 0.090 2014-12-19T00:

Indices

Symbol Open High Last %
NZX 50 5518.5 5545.0 5518.5 0.17%
NASDAQ 4752.6 4782.1 4748.4 0.36%
DAX 9901.3 9901.3 9811.1 -0.25%
DJI 17778.0 17874.0 17778.2 0.15%
FTSE 6466.0 6566.9 6466.0 1.23%
HKSE 23158.3 23189.6 22832.2 1.25%
NI225 17511.0 17621.4 17210.0 2.39%