Nicholas Pointon

Wellington

Senior Journalist at The National Business Review

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Articles

MediaWorks trims losses in year of ‘consolidation’

1 week ago | nbr.co.nz | Nicholas Pointon

Radio broadcaster and outdoor advertising company MediaWorks has slashed its full-year loss and lifted its underlying performance due to higher sales and no large asset write-downs. The company has today reported a net loss of $16.3 million for the 12 months ended December, compared with a $107.8m Want to read more? It's easy.
No word on when Ryman Healthcare will be cash positive

1 week ago | nbr.co.nz | Nicholas Pointon

The company has not been cash flow positive in more than a decade. A pair of investment analysts say it’s disappointing Ryman Healthcare has not given guidance on when the company will be cash flow positive. It’s an important milestone because the company’s future dividend policy, which has been suspended since 2023, will be based on cash generation. Ryman, Want to read more? It's easy.
Palestinians storm food hub; Musk criticises 'big beautiful bill'

1 week ago | nbr.co.nz | Nicholas Pointon

And Vladimir Putin's peace demands have been laid bare. Ata marie and happy Thursday. Here’s your wrap of the latest business and political headlines from around the world. First up, the Associated Press reports that four people have died as hundreds of Palestinians stormed a United Nations food warehouse in Gaza on overnight, in a desperate attempt to get something to eat.
Ryman sinks deeper into the red

1 week ago | nbr.co.nz | Nicholas Pointon

Ryman sinks deeper into the red The company completed a $1b capital raise earlier this year to pay down debt. Ryman Healthcare's Patrick Hogan village. NZX-listed Ryman Healthcare has sunk deeper into the red on the back of one-off losses, but has posted an improved underlying result. The company, which completed a $1b raise earlier this calendar year, has reported a $436.8m net loss for the 12 months ended March, which compares with a $170m loss Want to read more? It's easy.
Israel fires warnings at Gaza food hub; Harvard loses contracts

1 week ago | nbr.co.nz | Nicholas Pointon

And Wall Street snaps a four-day losing streak. Happy Wednesday and welcome to your wrap of the latest business and political headlines from around the world. We begin in Gaza, where chaos erupted on the second day of aid operations by a US-backed group after they were overwhelmed by Palestinians desperate for food, according to Associated Press. They broke through fences and nearby Israeli troops fired warning shots sending people fleeing in a panic.
Dialogue remains open between Metroglass and Aussie PE

1 week ago | nbr.co.nz | Nicholas Pointon

The NZX-listed glass firm rejected a takeover offer from Crescent Capital Partners in February. Metro Performance Glass continues to maintain dialogue with the Aussie PE firm whose takeover offer it rejected in February. The NZX-listed glass manufacturer, which reported its full year financial results this morning, received a takeover offer from Crescent Capital Partners in December. It came Want to read more? It's easy.
NZME bans media from its AGM

1 week ago | nbr.co.nz | Nicholas Pointon

The NZX-listed company says journalists can only attend if they get permission from the board. Listed media company NZME has taken the unusual step of banning news media from attending its annual meeting unless journalists get express permission from the company’s board. The company’s notice of meeting, which was released earlier this month, states that “persons other than shareholders Want to read more? It's easy.
Bond markets come into focus

2 weeks ago | nbr.co.nz | Nicholas Pointon

ASB investment committee member Frank Jasper on the week ahead for financial markets. The global bond market is starting to flex its muscles amid growing concerns about the fiscal position of the various governments. The US bond market reared its head last week as US President Donald Trump’s “big, beautiful tax bill” passed its first hurdle, with the House narrowly passing it Want to read more? It's easy.
Extension of aged care funding labelled an ‘insult’

2 weeks ago | nbr.co.nz | Nicholas Pointon

Extension of aged care funding labelled an ‘insult’ The Government’s decision to extend funding for people with complex care needs has not been well received by the Aged Care Association. The Aged Care Association says the Government has failed to address historic underfunding of the sector. The Government is extending funding to help transition elderly New Zealanders who need care out of hospitals and into the community.
Govt halves KiwiSaver top up; default contributions to rise

2 weeks ago | nbr.co.nz | Nicholas Pointon

The government has announced a suite of changes to KiwiSaver which will result in about $3 billion worth of fiscal savings over four years. As part of its “growth” budget, the government is halving how much it contributes to the savings scheme. Previously, employees who contribute a minimum of Want to read more? It's easy.