Sir Ralph holds the dividend and gives a tepid mea culpa.
Regional businesses face 150% price increase for fast-service mail
BusinessNZ says NZ Post killing off FastPost may lead to other players swooping in to fill the new gap in the market.
Labour's water tax wrong to target irrigators, says lobby group
Lakes and rivers most in need of freshwater clean-ups have low levels of irrigation, says Irrigation New Zealand.
Featured Comment:
"Labour has a pitiful water 'policy' based on hysteria. It's a phantom floated to appease urban sentiments which is mistargetted and cannot be implemented efficiently or effectively"
I-Select's lawyer defends right to cancel contract as Saturn dispute continues
Tense exchange between lawyers Murray Tingey and Alicia Murray.
Crimson hires a grown-up
Jamie Beaton’s startup brings Seek executive on-board. PLUS: Questions on revenue and that full-blooded $220 million valuation.
Featured Comment:
"Pride comes before a fall. And hubris before a really big fall"
Adamson handsomely paid despite loss of $8m in bonuses
The $8.3 million man departs from Fletcher Building.
Featured Comment:
Remember the good old days when you could say to a CEO "Sorry chum, you've stuffed up".
Too much uncertainty on tax, businesses say
The government also needs to send the message most multinationals do pay their fair share of tax, Business NZ says.
Germany and NZ: Doppelgänger elections pit status quo against change
Editor's Insight: A strong swing for change could prevent both governments from getting a fourth term.
CropLogic brushes off concerns broking firm's founder twice censured
IPO closes fully subscribed, set to list at end of the month.
Featured Comment:
The clown show continues, unabated!
Norris hints at board refresh after Fletcher posts 23% drop in earnings
UPDATED: Chairman Sir Ralph Norris fronts the media.
Featured Comment:
"We eagerly await the application of a good dose of Sir Ralph's decisiveness - via a club if necessary"
NZ Post to scrap its FastPost Service
E tū Union industry co-ordinator Joe Gallagher says the move could mean job losses.
Featured Comment:
So much for ex-Labour MP Cullen caring about job losses. I thought Labour was supposed to be all about standing up for working class people?
Abano's dissident shareholders to exit in discounted block trade
The sale price is a 6.3 percent discount to Abano's current trading price of $9.45.
Featured Comment:
"Exits are what matters"
![REINZ rural spokesman Brian Peacocke said farmers were "focusing on the seasonal issues of lambing and calving, activities which [are] dependent upon location"](https://www.nbr.co.nz/sites/default/files/styles/home_article_thin/public/story_imgs/Brian-Peacocke_1.jpg?itok=yLHT4p5X)
Featured Comment:
"Is Julie Bishop saying it is OK to commit a crime if you get away with it? As long as nobody finds out you can disobey the law?"
Featured Comment:
"If she had fully apologised then people would've slammed her as 'too PC". If she completely ignored it then she would've been labelled a racist. It's a no win situation."
Featured Comment:
“The justification given by Mr Partridge – ‘A professional services firm has an obligation to act in the best interests of its client and not to do anything that’s contrary to the interests of its client’ – has neither a legal or ethical application to this situation”
Editor's pick
NBR BUSINESS PULSE
Business
Kiwi falls on stronger US data, unexpected dairy product prices fall
Traders are putting odds of a third rate hike by the Federal Reserve this year at 42%.
Property
HK travel firm pays $9m for Silverdale site to develop
The site will be used for tour groups and housing.
"Well done. NZ housing industry is one of the laggards in productivity growth in NZ and due to a lack of scale, lack of innovation, low purchasing power by the smaller contractors and so-called "custom design", the end result is in the range of 15-20% more expensive than it could be"
Banking & Finance
ANZ New Zealand 9-month earnings jump 19%
The country's biggest lender benefited from smaller impairment charges on bad debt and cut costs.
Technology
Infratil's Canberra Data Centres inks deal with Microsoft
Infratil spent $411.5 million on CDC, a purchase that was completed in September last year.
"Not again. Is it too much just to expect a bit of honesty from these folk?"
Politics
"Looks more like desperation than well thought-out policy or a genuine concern for the issue"
Law & Courts
Commerce Commission still wants more transparency on Fonterra's off-GDT sales
This year's monitoring regime is the first time the regulator has included sales of reference products outside the GDT platform.
Media
On Mike Hosking – don’t say I never warned you
In defence of the man chosen, again, to moderate TVNZ's major party leaders' debate.
"I would personally prefer Jeremy Wells playing the part of Mike Hosking, instead of the actual Mike"
"Not again. Is it too much just to expect a bit of honesty from these folk?"
Appointments
Warren and Mahoney appoints executive trio
The appointments come to assist growth in New Zealand and Asia-Pacific region.
NBR Rich List
People Scene
Appointments
NBR Special Report
