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Opposition cheerleader’s faux pas, Kerr’s media punt and MRP’s bookbuild guests

The company which hosted an opposition parties’ “manufacturing inquiry” has trousered millions of dollars in taxpayer assistance in recent years.

Hamilton Jet Company hosted the leaders of Labour, Greens and New Zealand First this week to launch their manufacturing report, which is highly critical of a perceived lack of support from the government.

Today’s National Business Review reveals Hamilton Jet Company has been on the receiving end of numerous bursts of taxpayer help.

Business editor Duncan Bridgeman reports on George Kerr-controlled Pyne Gould Corporation’s latest investment, in a bold new UK media group – plus PGC’s censorship threat to a blogger.

Meanwhile, questions are being asked about whether the government over-egged the Mighty River Power offer price as it is revealed ministers were physically in the “bookbuild room” when the price was set.

A visiting American economics professor warns over potential financial shocks and says New Zealand needs to take urgent action to address potential vulnerabilities.

In Heartland, University of Waikato Professor Jacqueline Rowarth details why some farmers are suspicious of Fonterra's guaranteed milk price pilot programme, particularly those sold financially-damaging interest rate swaps.

Media reporter Victoria Young reports on supermarket chain Countdown’s latest action in its war of words with Veritas Investments-controlled Mad Butcher.

In NBR Property, Chris Hutching highlights the pace of residential property sales in the Central Otago Lakes district and explains what it means for its recovery from the last boom-and-bust cycle.

Executive Health outlines how New Zealand scientists have been involved in the latest breakthrough in treating Alzheimer’s.

Chapman Tripp senior associate Justin Graham warns that external data storage providers for schools might be advertising profiling students and he details what can be done about it.

A NBR Special Report on business law runs the rule over recent legislative and regulatory changes, which promise to usher in an era of far greater discipline and vigilance in New Zealand financial services, following the high-profile collapses of finance companies.

Also in today's print edition:

  • Shoeshine suggests anyone believing it’s going to be business as usual at MediaWorks under bank ownership should flick through the Yellow Pages news file.
  • Initiative Matters cuts through arguments about housing affordability and urban sprawl to outline what a sensible council’s housing policy should include.
  • In Asia Watch, Nathan Smith says Turkey’s recent political and social demonstrations highlight the many hurdles to its search for reinvigorated clout.

More by NBR Online staff

Comments and questions
5

Ironic also that Hamilton Jet uses plenty of steel - heavy manufacturing - and produces products that can only be used with petrochemical products that rely on drilling, fracking and extensive natural resources to make.

It might be an impertinent question, but do the Greens and their junior coalition partners of Labour and NZ First now support manufacturers that benefit from fracking and mining?

They should announce their new-found support for these industries in Greymouth and Taranaki...

Just an example of more hypocrisy from the Green taliban, and in answer to your question, they do support geothermal, which relies on mining, mineral extraction.

No, they don't support it - they just don't know what they're doing. They're trying to sort out what claims they can make that might get them into power.

"..relies on mining, mineral extraction" how???

OK Clint, where doe we start. The pipes that transport the steam are made from what? Metal piping that required extensive mining and burning of fossil fuels to manufacture, not to mention transport and construct.
Geothermal power generation requires extensive drilling (as in mining) as well as fracking.
Greens are sanctimonious hypocrites … against fracking but now calling geothermal sustainable renewable power generation.