Duncan Bridgeman

2 days ago | businessdesk.co.nz | Duncan Bridgeman

Another key figure in the local financial services sector is stepping back with prominent investment banker Michael Lorimer retiring from Grant Samuel.Lorimer, who founded Grant Samuel’s New Zealand office in 1991, has sold his 80% stake in the corporate advisory firm to the remaining four NZ executives, who have also bought out Grant Samuel Australia’s 20% stake.His departure follows Andrew Barclay’s recent resignation from Goldman Sachs’s New Zealand operations.

1 week ago | nzherald.co.nz | Anne Gibson |Duncan Bridgeman

The Auckland supermarket which caught ablaze today is owned by one of the top 25 supermarket owners in New Zealand and undergoing an upgrade. New World Victoria Park at 2 College Rd, Freemans Bay is one of New Zealand’s most profitable stores, in the wealthy Herne Bay/St Mary’s Bay/Ponsonby area. Large building business Savory Construction has the contract to upgrade the popular store, owned by Steve Purton. But this morning, the store was emitting thick black smoke.

2 weeks ago | nzherald.co.nz | Duncan Bridgeman

Repco has defied challenging economic times with healthy profits driven by Kiwis' love affair with used cars and a propensity for DIY. Photo / SuppliedKiwis’ love affair with cars is fuelling strong profits at auto parts retailer Repco, resulting in a big payday for its US owner. Repco’s holding company paid out $123 million in dividends in its past financial year on the back of a near $30m profit, which has doubled since 2019, according to accounts filed with the Companies Office this week.

1 month ago | nzherald.co.nz | Duncan Bridgeman

Donald Trump's tariffs are casting a cloud over the latest New Zealand company reporting season. Photo / AFP, NZXANALYSISWhen companies struggle to reasonably assess risk, a natural response is caution and defensiveness. We are seeing a bit of that right now as directors and executives pick through the Trump administration’s fast-changing announcements on tariffs and try to work out what it might mean for future business and economic growth.

1 month ago | nzherald.co.nz | Duncan Bridgeman

Tip Top was acquired by UK-based Froneri in 2019 for $380m. Tip Top’s global owners are starting to reap rewards from buying the ice cream business from Fonterra back in 2019, with latest accounts showing a tasty dividend payout. Fonterra sold Tip Top to UK-based Froneri for $380m in what was described as a “bittersweet” moment for the New Zealand dairy co-operative. Before the sale, Fonterra said it was selling the business because it had reached maturity as an investment.