A Dickens of a Budget, Trust warns lawyers over subsidy jibe, ASB’s $17m case settles
What's in your National Business Review print edition this week.
In NBR Print today: the finance minister did not play Scrooge but there is a whiff of Charles Dickens about Bill English’s eighth budget. Rob Hosking leads NBR's coverage of the Budget.
State-owned trustee company Public Trust is threatening legal action over complaints by a rival that it may be using government subsidies to compete in a commercial market. The issues include allegations that a government guarantee on Public Trust’s $500 million Common Fund is a hidden subsidy that distorts the company’s commercial position. Tim Hunter investigates.
The tourism sector may be near full capacity but it’s not affecting the top end of the market where high rollers are spending more and more money, reports Jason Walls. In fact, operators of luxury high-end tourism services say it’s becoming more common to see wealthy tourists splashing out tens of thousands of dollars a day while on holiday.
Are New Zealand investors prepared for an adverse market environment to strike closer to home? That’s a question NZAM senior research analyst James Caughey is asking as many investors find themselves unwittingly pushed up the risk spectrum to keep earning what they have been accustomed to. Nevil Gibson reports in Margin Call.
A former shareholder of Napier-based Pioneer Insurance, from which convicted fraudster Blair Fitzsimons stole millions, is looking forward to “finally” getting on with his life after a near-decade long dispute with ASB Bank. The settlement comes a year after NBR revealed details of a $17.2 million claim against the bank. Hamish McNicol reports.
Don't miss our Special Report: Spotlight on Tauranga
All this and more in today's NBR Print Edition. Out now.
Follow NBR on Facebook, Twitter, LinkedIn and Instagram for the latest news and free on-demand audio from NBR Radio.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
A Dickens of a Budget, Trust warns lawyers over subsidy jibe, ASB’s $17m case settles
58569