AMP CEO resigns, chairman apologies amid misconduct scandal.
AMP NZ distances itself from Oz parent's woes
Featured Comment:
"The Aussie review should not simply be dismissed by NZ regulators"
Fonterra study will be independent, Shareholders' Council says
Some emails circulating among shareholders are misleading, chairman says.
Little to show for Fletcher if Formica sells
Fletcher’s focus on Australasia goes some way to streamlining the group.
BizDojo parent BDG group settles to avoid liquidation
Claim by a former staff member has settled outside court.
Featured Comment:
"Whatever the case, it would be nice if they could also pay the money they owe to the rate payer."
Labour's Tax Working Group gets a public airing
"These new taxes don’t appear to be a major tax grab but are more about a balance for the future," CPA's Paul Drum says.
Featured Comment:
"The working group appears to be an expensive way to come back with a foregone conclusion."
Auckland-based Spoke Phone raises $1.3m, eyes end to landlines
Spoke says its app can replace traditional phone systems for businesses.
Coalition’s R&D tax break ‘unworkable,’ ‘uncompetitive’
A clutch of innovators and investors like the general direction of Megan Woods’ new policy but find five major problems. Watch Grant Walker discuss the pros and cons with Lance Wiggs.
Featured Comment:
"I would like to see more generous incentives available when a firm has higher proportion of export revenue".
Colin Craig and Rachel MacGregor case back in court
Court list shows case concerns an application for information from a third party.
Cracks in Air NZ's image after Dreamliner debacle
Air New Zealand's reputation has taken a dive.
Featured comment:
"I love Air New Zealand...but I don’t want to fly on a plane with a known risk of catastrophic engine failure."
The real culture war
Boards need information on what's really happening in their organisations – and they may have to fight to get it.
Featured Comment:
"Fonterra's decision to change terms for suppliers I suspect was more to do with the new government and the dairy act review"
Fletcher rights entitlements valued at $1.35 suggest underwriting unnecessary
Fletcher shares resume trading at $6.10.
NZX first quarter revenue flat on last year as overhaul continues
Issuer relationships division down on last year, secondary market up.
Government still does not know cost of Canterbury repairs
EQC minister none the wiser on who is liable for fixing both earthquake repairs.
Private consortium most likely buyer for SkyCity's Darwin business – report
Information memoranda are circulating in the market.
Featured Comment:
"The electric vehicle industry exists mainly because governments have been misled into believing that it is a cheap and effective way of reducing carbon dioxide emissions."
Featured Comment:
"75 enquiries over their first six months so they're on track for ~300 over the same period as National had 87."
Featured Comment:
""Auckland is a drag on the economy". So why is it 33% of the population is producing 40% of GDP?"
Featured Comment:
"It's about time"
Featured Comment:
"For the first time in many years it reads as though Fletcher has a CEO that understands the game of civil contracting and construction."
Featured Comment:
"Parker should take this as a call to action to actually get some in depth, truly insightful information."
Featured Comment:
"What part of a lawyer's training helps them become financial advisers?"
Featured comment:
"It is so refreshing to have a leader who doesn't give a toss about polls and makes the right hard calls"
Featured Comment:
"Government has spent money on lots of these types of initiatives and I am not sure of any that have actually delivered real change or value......other than to those paid to manage them."
Featured Comment:
"I’m not sure what this policy achieves, apart from degrading our economy and sending talented people for the search for oil and gas to other parts of the world."
Editor's pick
Business
Businesses asked to comment on 12.5% R&D tax credit
Government wants to lift R&D spending to 2% of GDP annually. Plus Callaghan Innovation growth grants to be canned.
"This appears to incentivise companies currently receiving grants to shift R&D activities to Australia."
Property
Housing market revival continued in March outside Auckland
Sales volumes are down and day-to-sell is creeping higher.
Banking & Finance
Oil-rich Kazakhstan seeks new role as Central Asia's financial capital
The Astana International Financial Centre aims to attract $US40 billion of investments by 2025 using British legal and regulatory rules.
"Well played Nikko... turns out after 11 years you have realised this KiwiSaver thing might be a big deal."
Technology
NZ music industry grows in digital takeover
Revenue up 14.6% but leans heavily on music streaming with less emphasis on local production.
"Thanks Don and NBR for giving this long-standing issue a bit of a hurry-along"
Politics
How much does the Crown spend on local ICT suppliers vs multinationals?
Analysis: A folllowup to the debate on whether all-of-government contracts should be scrapped, and if the government should double spending on local suppliers.
"Thanks Don and NBR for giving this long-standing issue a bit of a hurry-along"
"What's the point in appointing a chief?.... Curran will simply go behind their back and talk to staff anyway."
Law & Courts
Media
Netflix reveals record quarter, and a focus on partnering with the likes of Sky TV
Partnerships with traditional TV broadcasters loom large as part of the streaming video company’s strategy as it clocks another record result.
"It is really worrisome that Spark has not been able to indicate costs to consumers. Everyone expecting $12 pay per view is going to be sorely disappointed."
NBR Rich List
Appointments
NBR Special Report
