Tim Hunter

Co-Editor at The National Business Review

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Articles

PEP puts NZ’s biggest training provider up for sale

1 week ago | nbr.co.nz | Tim Hunter

PEP puts NZ’s biggest training provider up for sale Latest accounts report a book value of $317m for NZ-based trans-Tasman group Up Education. The Up Education group runs 21 training providers including hospitality specialist NZMA. Private education and training provider Up Education, up for sale by its owner Pacific Equity Partners, has reported a profit of $9.6 million for the year to December.
Fonterra’s awkward Australian issue

1 week ago | nbr.co.nz | Tim Hunter

Fonterra’s awkward Australian issue ANALYSIS: A legal technicality is looming larger in the dairy giant’s multi-billion dollar Mainland sale. Fonterra has a supply and trade mark licence agreement with Bega Cheese going back to May 2001. If you are confident it won’t rain, do you still carry an umbrella? Or to put it another way, if you are confident in your legal position, do you still ask a court to clarify it?
Contact gets gas to run TCC this winter

1 week ago | nbr.co.nz | Tim Hunter

Contact gets gas to run TCC this winter Methanex will supply about 2.8PJ over the next eight weeks. Contact Energy chief executive Mike Fuge. Contact Energy has agreed to buy gas from Methanex to run its 330MW Taranaki Combined Cycle generation plant this winter. In a statement to the NZX, Contact said it would buy about 2.8PJ of gas over eight weeks, starting immediately. “In light of the lowest first-quarter national hydro inflows on Want to read more? It's easy.
Contact gets gas to run TCC this winter

1 week ago | nbr.co.nz | Tim Hunter

Contact Energy has agreed to buy gas from Methanex to run its 330MW Taranaki Combined Cycle generation plant this winter. In a statement to the NZX, Contact said it would buy about 2.8PJ of gas over eight weeks, starting immediately. “In light of the lowest first-quarter national hydro inflows on Want to read more? It's easy.
Foundation Life finally announces wind-up scheme

1 week ago | nbr.co.nz | Tim Hunter

Life insurer Foundation Life has finally announced details of its Project Scholar wind-up scheme to policyholders, seven years on from its initiation. The proposal will handle the cancellation of life insurance policies and the distribution of more than $580 million of assets. According to documents Want to read more? It's easy.
OMV writes off $396m as oil and gas production falls

2 weeks ago | nbr.co.nz | Tim Hunter

Energy A sales process for the Austrian group’s New Zealand assets was called off in December after failing to find a buyer.
FNZ case shaping as almighty legal battle

2 weeks ago | nbr.co.nz | Tim Hunter

FNZ case shaping as almighty legal battle ANALYSIS: Were employee shareholders bilked out of billions? This one could be a doozy. Trickledown economics: the FNZ share structure appears to function as a cascade of returns to different shareholder classes. Aviation company Lockheed’s “Skunk Works” operation, according to a biography of its legendary founder Clarence Johnson, was about “applying the simplest, most straightforward methods possible to develop and produce new products”.
Investors cheered by Pacific Edge news

2 weeks ago | nbr.co.nz | Tim Hunter

Investors cheered by Pacific Edge news The cancer diagnostics company, after a trading halt this morning, says it should get better prices for its tests in the US if Medicare funding can be restored. Pacific Edge chief executive Peter Meintjes. An optimistic update from cancer diagnostics company Pacific Edge gave its shares a boost after a trading halt this morning interrupted investor gloom over bad news from the US.
Carter Holt Australia writes off $33m

2 weeks ago | nbr.co.nz | Tim Hunter

Carter Holt Australia writes off $33m The sole Australian plywood plant in Graeme Hart’s wood products group books a big loss. Carter Holt’s Myrtleford plant in Victoria makes the ecoply range. NBR Lister Graeme Hart’s Australian plywood business – part of the Building Supplies Group touted for a public float several times – has written off its business assets as rising costs drove its results into the red for the year to December.
Fonterra’s $294m trade mark rights unclear after court ruling

2 weeks ago | nbr.co.nz | Tim Hunter

Fonterra’s $294m trade mark rights unclear after court ruling ASX-listed dairy company Bega declares interest in co-op’s Mainland Group after fight over brand licences. Fonterra has non-exclusive rights to use the Bega brand under agreements going back more than 20 years. An Australian court has stymied Fonterra’s attempt to clarify trade mark rights under a sale of its Mainland consumer business, saying it does not have jurisdiction to rule on the matter.