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Has John Key lost interest in the job? Another major blow to MediaWorks, Moa listed too early – CEO admits

What's in your National Business Review print edition this week.

Fri, 04 Sep 2015
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

In NBR Print today: There is a growing sense the prime minister has taken his eye off the ball – unless, that is, one considers a flag change and being photographed with All Blacks as the main components of his job. Rob Hosking asks what’s happened to “focusing on things that matter?

Craft brewer Moa hit the speed bumps not long after listing in 2012 and its chief executive Geoff Ross now believes it went public too early. Mr Ross weighs up the pros and cons of going public (hint: his ‘cons’ list is longer) and has some advice to those looking for a leg-up in the capital markets. Calida Smylie reports.

Child poverty is like pornography; you know it when you see it. But, because New Zealand does not have an official set of agreed upon measures that define what poverty is, do we even know what we’re looking for? Jason Walls traverses the debate to find out how the problem could be better quantified.

An off-market deal could see Fonterra’s current Auckland CBD headquarters sold and converted to apartments, reveals Sally Lindsay. It is rumoured a well-known Auckland developer is behind the move in a $45 million deal for the Princess St offices, which is supposed to settle shortly.

The Financial Markets Authority has requested information from Ross Asset Management’s former bank ANZ, Hamish McNicol reveals. ANZ provided banking facilities to Ross Asset Management but the FMA stresses it is not an investigation – although it will not provide any further information.

When he promoted Liz Fraser to group head of revenue last October, MediaWorks CEO Mark Weldon sang her praises, noting she “represents the best of MediaWorks’ brand values – fun, energetic, professional and successful.” Just 10 months later she’s leaving the position – and the industry she’s worked in for 23 years. Paul Maher, the man who headhunted her to Mediaworks, tells Nick Grant her departure is “one of the biggest losses the company could have.”

Richie McCaw is a person with a reputation for seeking excellence in everything he does. Politics wouldn’t suit him at all – Mathew Hooton says politicians should just leave the All Blacks captain alone.

Insurance companies have useful tools to benefit from tax havens, but what if there was a quid pro quo? Tim Hunter provides an antidote for magic tax potions

The US Federal Reserve’s vice chairman has a bob each way at the Jackson Hole retreat for central bankers, writes Michael Coote

In a globalised economy, the biggest companies are also the easiest targets, writes Nevil Gibson as he levels his sights on the Coca-Cola Company.

The New Zealand Racing Board needs to lift its distribution to the industry by $40-50 million over the next few years, its new boss tells Hamish McNicol.

In property this week, Chris Hutching reports how commercial property owner Mark Munro is leading the charge against sea rise planning rules by the Christchurch City Council, which he says are draconian.

Snakk Media co-founder and outgoing chairman Derek Handley says he could have stepped down sooner, amid questions over the listed company’s future. Campbell Gibson reports.

NBR Special Report: Spotlight on Waikato

The region has all the makings of becoming the North Island’s key sustainable food production, agri-research, agri-business, premier engineering and primary processing hub. Waikato is in a prime position to attract visitors, international students, workers, businesses and investment. And it needs it all. Its significant visitor and tourist attractions and infrastructure offer high potential for growth. In short, there is a lot going on in the Waikato heartland.

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

© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Has John Key lost interest in the job? Another major blow to MediaWorks, Moa listed too early – CEO admits
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