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Jun 25, 2024 | 
businessdesk.co.nz | Gregor Thompson |Paul McBeth |Daniel Dunkley
For the second consecutive year, New Zealand Rugby has failed to get its financial ball over the line.Rugby union’s governing body in NZ posted a net loss of $8.9 million in the year to Dec 31.Though the figure is a substantive improvement on 2022’s $47.4m deficit, NZ Rugby (NZR) chief executive Mark Robinson said further work is needed to achieve a sustainable financial model.“We know that the game is facing many challenges globally, including financial sustainability, and we're not immune...
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Jun 16, 2024 | 
businessdesk.co.nz | Victoria Young |Daniel Dunkley
Challenger TV brand Bravo's financial statements say Discovery New Zealand wants out of a joint venture with NBC Universal, but the subsidiary claims it is still negotiating its future.The Warner Bros subsidiary, which has already dramatically exited its Newshub offering, is a half shareholder in Bravo.
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Jun 9, 2024 | 
businessdesk.co.nz | Daniel Dunkley |Ben Moore
Spun out of The Spinoff two years ago, digital creative agency Daylight has been a rare success story in New Zealand’s turbulent media landscape.
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Jun 8, 2024 | 
businessdesk.co.nz | Daniel Dunkley |Ben Moore |Damien O'Carroll |Damien O’Carroll
Kelly Bennett is one of the most senior figures in New Zealand’s public relations industry. A trained journalist and former TVNZ newsroom staffer, Bennett moved into PR early in his career.
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Jun 8, 2024 | 
businessdesk.co.nz | Damien O'Carroll |Ben Moore |Daniel Dunkley |Damien O’Carroll
Rolls-Royce's first electric vehicle launched in New Zealand on Thursday, with the first example to land going on show at a small event in exclusive upmarket store Faradays in the Auckland suburb of Parnell. The Spectre is an opulent two-door coupe that Rolls-Royce says is the spiritual successor to the Phantom Coupe that was in production from 2008 until 2016, rather than the smaller Ghost-based Wraith coupe that recently ended its production run.
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Jun 1, 2024 | 
businessdesk.co.nz | Daniel Dunkley |Damien O’Carroll |Dean Evans |Helen van Berkel
Dylan Lawrence is responsible for investment promotion and attraction activities on behalf of the New Zealand government.
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Jun 1, 2024 | 
businessdesk.co.nz | Daniel Dunkley |Dean Evans |Helen van Berkel |Damien O’Carroll
From April 1, electric vehicles (EVs) and plug-in hybrids (PHEVs) became subject to road-user charges (RUCs), with owners being given a two-month grace period to buy their first RUC licence before enforcement of the scheme began.That grace period ended on Friday (May 31) and all EVs and PHEVs must now display a current RUC licence on their windscreen or run the risk of receiving a roadside police infringement notice, as well as an invoice from the New Zealand Transport Agency Waka Kotahi...
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May 29, 2024 | 
businessdesk.co.nz | Ben Moore |Peter Griffin |Dileepa Fonseka |Daniel Dunkley
The Ministry of Foreign Affairs and Trade (Mfat) mishandled millions of dollars in an attempt to shift its IT systems to the cloud and roll out Microsoft Office. BusinessDesk's Dileepa Fonseka, who broke the story, walks us through what he learned in his reporting. Then, there's huge potential for digital twins in Aotearoa, New Zealand, but our approach has been siloed and slow.
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May 29, 2024 | 
businessdesk.co.nz | Riley Kennedy |Maria Slade |Daniel Dunkley
Self-styled property queen Nikki Connors is facing an asset freezing order, it can finally be reported.The asset freeze relates to a $250,000 loan Connors had arranged in February last year from Anthony Tosswill’s Smart Living Ltd.After interest payments were not made when they became due in March and the principal wasn’t repaid in July, Smart Living applied for a without notice freezing order against Connors, her Primrose Trust and Metropolis Real Estate, which is in liquidation.When Justice...
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May 29, 2024 | 
businessdesk.co.nz | Ian Llewellyn |Maria Slade |Victoria Young |Daniel Dunkley
The Commerce Commission has walked the middle path in regulating how much lines companies and Transpower can spend and charge in the coming years but says it has allowed flexibility due to uncertainty about the future.On Wednesday, the commission released its draft decision on the regulatory settings for the monopolies that transmit and distribute electricity covering five years from April 1 2025.The decision follows plans from the companies seeking very large expenditure increases, which...
