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Sport
Silver Lake closes in on deal with cash-strapped New Zealand Rugby
...New Zealand Rugby made a loss of NZ$34.6m in 2020 on a NZ$55m revenue fall caused by the coronavirus pandemic, which has disrupted fixtures....
April 29, 2021
Rugby
South Africa looks to Lions rugby tour to avert financial crisis
...The last Lions tour, to New Zealand in 2017, was worth NZ$245m to that country’s gross domestic product, according to New Zealand Rugby, which made a NZ$33.4m profit that year....
July 2, 2021
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
New Zealand
World’s most liveable city? Adulation leaves Auckland residents puzzled
...International film productions will generate NZ$730m spending this year, according to the New Zealand Film Commission....
June 11, 2021
The Big Read
Private equity’s new bet on sport: buy the league
...NZ Rugby is in deep financial trouble....
January 21, 2021
Scoreboard
Scoreboard: Golf’s reckoning with Donald Trump has come Premium content
...Mr Robinson forecast losses in 2020 would balloon to NZ$40-45m, slashing NZ Rugby’s reserves to under NZ$50m....
January 16, 2021
Letter
Letter: A stop-start Covid policy hasn’t helped at all
...Ultimately the “NZ-style” response is more popular, but not populist. Dr William DixonPlumstead, London, UK Dr David WilsonEssex, UK...
December 24, 2020
FT Live
Outstanding Directors Exchange
Fostering trust for steadfast leadership
Wednesday, 12 JuneHarvard Club of New York City, West 44th Street, New York, NY, USA
FT SeriesThe FT guide to hands-on hobbies to boost your mental health
The knit crowd
...$439), and the Spanish family atelier Andión Clothing offers limited-edition handknits....
May 7, 2021
New Zealand
New Zealand Inc reaps benefit of hard and fast Covid lockdown
...Air New Zealand lost NZ$454m in the year to June and has slashed 4,000 jobs. It is burning through NZ$65-NZ$85m a month and is likely to have to raise new equity by mid-2021, say analysts....
November 6, 2020
New Zealand
New Zealand reimposes lending curbs over housing bubble fears
...He also defended the RBNZ’s response to Covid-19, saying it limited the economic shock on businesses and households....
November 25, 2020
New Zealand
‘Crusher Collins’ struggles to contain Jacinda-mania in New Zealand election
...Ms Ardern has won plaudits for her decisive handling of Covid-19, which included sealing New Zealand’s borders and imposing a strict lockdown that has limited the number of deaths to 25 people....
September 22, 2020
America’s Cup Event Authority LLC
America’s Cup buffeted by fraud and spying allegations
...At least NZ$11m is being withheld pending the investigation for a competition that Auckland council and the government have allocated NZ$250m in public funds....
July 3, 2020
Newsletter
Scoreboard: Clubs set to win battle for control over Champions League Premium content
...Endeavor, which also owns talent agencies as well as the martial arts franchise, cancelled plans to go public two years ago because of limited investor appetite....
March 20, 2021
On Wall StreetBilly Nauman
How passive investment dulls the green wave
...As a result, it moved NZ$950m (about US$610m at the current exchange rate) out of high carbon companies in favour of lower-risk alternatives....
February 7, 2020
Vodafone Group PLC
Vodafone sells New Zealand mobile business for $2.2bn
...Canada’s Brookfield Asset Management and New Zealand’s Infratil Limited are paying a multiple of about seven times 2019 earnings before interest, tax, depreciation and amortisation in cash for Vodafone NZ...
May 14, 2019
Equities
Markets not live, Friday 7th February 2020
...Our forecasts reflect the Egypt disposal announced last week, also NZ disposal and the acquisition of Liberty assets in Germany and CEE....
February 7, 2020
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
City Bulletin
Opening Quote: Vodafone slashes its dividend to shore up its balance sheet
...On Tuesday it agreed to sell its New Zealand mobile business for NZ$3.4bn ($2.2bn) to a consortium of infrastructure investors, including Canada’s Brookfield Asset Management and New Zealand’s Infratil Limited...
May 14, 2019
Travel
Easter Island: the enigma at ‘the end of the world’
...Cruise ships occasionally visit, or there are limited berths available on the island support ship, Marion Dufresne, which travels from Reunion (from €8,789 per person and taking between 20 and 30 days)....
October 4, 2019
#techFT
2001: A tech odyssey
...“A kill switch would have to be very limited and very tightly controlled....
April 25, 2019
LexRetail & Consumer industry
Fonterra: sour taste Premium content
...Over the past five years Fonterra has invested NZ$5.7bn ($3.7bn), while issuing roughly half of that in net new debt....
August 10, 2018
News in-depthThe Big Read
Testing the water: asbestos in old pipes raises a call for action
...In New Zealand the cost of replacing asbestos cement water pipes has been estimated at NZ$2.3bn ($1.6bn), while in Australia an A$8bn ($5.7bn) replacement programme is already under way....
March 31, 2019
News in-depthRetail & Consumer industry
Fonterra’s second China foray comes under scrutiny
...Fonterra’s minority stake in Beingmate gave it limited influence, the person says....
March 7, 2018
Climate change
New Zealand to ban future offshore oil and gas exploration
...Ms Ardern told reporters future oil and gas exploration would now be limited to onshore acreage in the oil-rich Taranaki region....
April 12, 2018
Energy sector
Refining NZ, Air New Zealand fall on Auckland airport pipeline leak
...Refining NZ said it expects the reduced pipeline income and reduced refining income as a result of the leak to have a revenue impact of between NZ$10m and NZ$15m ($7.3m to $10.9m)....
September 18, 2017
IPOs
Deutsche Bank, HNA, and the GAR chase
...The mystery of Deutsche Bank’s largest shareholder - FT AlphavilleHNA’s debt, complex ownership behind NZ’s block of bank deal - FTDeutsche Bank and VW pay price for shambolic governance - FTChina’s HNA...
April 19, 2018
Currencies
New Zealand central bank names new governor
...Mr Orr has led the New Zealand Superannuation Fund since 2007 – since it was established in 2001, NZ Super has become the world’s fastest-growing sovereign wealth fund with annual returns averaging 10.2...
December 11, 2017

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