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Latest FromBrian Gaynor

Overseas ownership of our four major banks is a huge loss to the economy in terms of the dividends remitted overseas. Photo / File

BUSINESS

Brian Gaynor: Aussies are banking on bumper profits in NZ

10 Nov, 2018 5:00am
7 minutes to read

COMMENT: Why overseas ownership of the Big Four is a huge loss to our economy.

Mark Peterson has made some positive changes, but he and his team need to boost participation in the market. Photo / File

BUSINESS

Comment: There's a long way to go for NZX

3 Nov, 2018 5:00am
7 minutes to read

COMMENT: Reforms look promising, but why has change taken so long?

George Kerr will get his way. Photo / File

BUSINESS

Company too complex for shareholders' good

27 Oct, 2018 5:00am
7 minutes to read

PGC has been a disappointment for investors.

Proposed offer for 75 per cent of Restaurant Brands illustrates two clear developments. Photo / 123RF

BUSINESS

Brian Gaynor: Restaurant Brands latest on foreign buyers' menu

20 Oct, 2018 5:00am
7 minutes to read

COMMENT: Proposed offer for 75 per cent of Restaurant Brands illustrates two developments.

Anti-Kavanaugh protesters make their point in Washington DC. Photo / AP

BUSINESS

Brian Gaynor: Balance of power in American voters' hands

13 Oct, 2018 5:00am
7 minutes to read

COMMENT: Will elections change or keep the status quo?

Mainzeal collapsed in 2013 with $117m owed to unsecured creditors. Photo / File

BUSINESS

Brian Gaynor: Mainzeal — big promises, zero delivery

6 Oct, 2018 5:00am
7 minutes to read

Long-running saga ended in the collapse of one of NZ's biggest construction companies.

Fiona Oliver is mounting a strong defence against the takeover of her company. Photo / File

BUSINESS

Who will triumph in battle for power?

29 Sep, 2018 5:00am
7 minutes to read

Fiona Oliver is mounting a strong defence against the takeover of her company.

When will NZ dairy farmers wake up and realise that Fonterra needs a massive shake-up? Photo / Bloomberg

BUSINESS

Comment: Fonterra needs radical reform

22 Sep, 2018 5:00am
7 minutes to read

When will NZ dairy farmers wake up and realise that Fonterra needs a massive shake-up?

Turner Automotive's Grant Baker. Photo / File

BUSINESS

Brian Gaynor: The five companies facing decision day

15 Sep, 2018 5:00am
7 minutes to read

COMMENT: There are at least five interesting annual meetings left in September.

Bonus Bonds were established by the Crown in 1970 and sold to ANZ Bank in 1990. Photo / File

BUSINESS

Brian Gaynor: Who are real Bonus Bonds winners?

8 Sep, 2018 2:00pm
7 minutes to read

COMMENT: An annual report shows that scheme continues to be a massive gravy train for ANZ.

Vector chairman Michael Stiassny. Photo / Getty Images

BUSINESS

Sparks flying over bitter Vector dispute

1 Sep, 2018 5:00am
7 minutes to read

Comment: Auckland continues to struggle to maintain effective private/public partnerships.

Media speculation about a potential sharemarket crash has increased in recent weeks. Photo / Getty Images

BUSINESS

Brian Gaynor: Bull run — is it 1980s all over again?

25 Aug, 2018 5:00am
7 minutes to read

COMMENT: The major differences between the NZX at present and the frenzied 1980s.

BUSINESS

Moriarty exit marks sad state at Rubicon

18 Aug, 2018 5:00am
7 minutes to read

The resignation of Rubicon's chief executive is the latest development in its sad history.

New price structure should help encourage on-market trading. Photo / File

BUSINESS

NZX starting to find its way... finally

11 Aug, 2018 5:00am
7 minutes to read

New price structure should help encourage on-market trading.

Proposed merger between Nine Entertainment and Fairfax Media was received reasonably positively in Australia. Photo / File

BUSINESS

ComCom needs to wake up to changing media

4 Aug, 2018 5:00am
7 minutes to read

COMMENT: Australia and New Zealand show contrasting approach to mergers.

Facebook CEO Mark Zuckerberg. Photo / AP

BUSINESS

Events derail even soaring tech stocks

28 Jul, 2018 5:00am
7 minutes to read

Facebook's plunge highlights the impact of earnings downgrades on high-growth companies.

Michael Morton took full ownership of the Mad Butcher in 2007. Photo / Sarah Ivey

BUSINESS

Why shareholders are right to be upset

21 Jul, 2018 5:00am
7 minutes to read

Investors in two firms hit hard, while bigger stakeholders take a profit.

Australia's leveraged buyout approach didn't end well for Dick Smith, but New Zealand apple grower Scales is a success story for the local growth-oriented model. Photo / File

BUSINESS

KiwiSavers should surf wave of cash

14 Jul, 2018 5:00am
7 minutes to read

Investing in private equity would lift returns and boost the NZ economy.

As the number of letters we send plummets, parcels may deliver gift of life for NZ Post. Photo / Rafael Ben-Ari/Chameleons Eye

BUSINESS

Is this a Kodak moment for NZ Post?

7 Jul, 2018 5:00am
7 minutes to read

As the number of letters we send plummets, parcels may deliver gift of life for NZ Post.

We need younger people with more specific industry experience. Photo / 123RF

BUSINESS

Brian Gaynor: Bring greater diversity to the boardroom

30 Jun, 2018 5:00am
7 minutes to read

COMMENT: We need younger people with more specific industry experience.

BUSINESS

It's time for a futuristic vision from regulators

23 Jun, 2018 5:00am
7 minutes to read

Huge difference between the US and NZ's handling of media mergers.

BUSINESS

NZ business' big failure: Time to look closely at corporate failures

16 Jun, 2018 5:00am
7 minutes to read

COMMENT: 100-page report into Carillion collapse highlights what's missing in NZ business.

Exchange paying the price for poor leadership and governance in past.

BUSINESS

The NZX must take stock before it's left behind

9 Jun, 2018 5:00am
7 minutes to read

COMMENT: Exchange paying the price for poor leadership and governance in past.

Mark Cairns is only the third chief executive since Port of Tauranga listed in 1992.Photo / NMZE

BUSINESS

NZ's best investor — is it BoP Regional Council?

2 Jun, 2018 5:00am
7 minutes to read

Comment: Holding on to port company stake has delivered spectacular rewards.

There have been several studies and articles on the innovative governance structure of Netflix, whose CEO and founder is Reed Hastings. Photo / AP

BUSINESS

Directors' role in need of a major shake-up

26 May, 2018 5:00am
7 minutes to read

Netflix is leading the way and companies must follow suit to survive in a changing world.

An artist's impression of the proposed Auckland transit line, running up Queen St.

BUSINESS

Gaynor: Finding money to get Auckland on the rails

19 May, 2018 5:00am
7 minutes to read

COMMENT: Light rail development for Montreal shows how Auckland project could be financed.

Finance Minister Grant Robertson. Photo / File

BUSINESS

Brian Gaynor: Budget prudence needed, not borrow and hope

12 May, 2018 5:00am
7 minutes to read

COMMENT: The big question is whether Robertson will maintain this prudent approach.

Drop in listings on the NZX is the result of more takeovers. Photo / File

BUSINESS

Why the Tegel takeover leaves a bad taste for many investors

5 May, 2018 5:00am
7 minutes to read

The NZX is under attack — our listed companies are disappearing rapidly.

Companies such as Google, Amazon, Facebook and Microsoft are now dominating in the US markets. Photo / AP

BUSINESS

Gaynor: Intangibles taking over the markets

28 Apr, 2018 5:00am
7 minutes to read

COMMENT: Huge shift clear in US while NZ companies still showing focus on physical assets.

Sir Ralph Norris (right) has let down shareholders, argues Brian Gaynor Photo / Greg Bowker

BUSINESS

Fletcher a reputation that needs rebuilding

21 Apr, 2018 5:00am
7 minutes to read

As the woes of the construction giant go on, there are more questions than answers.

Why didn't Jeremy Moon and other Icebreaker investors list on the NZX instead of selling to an overseas buyer? Photo / Greg Bowker

BUSINESS

Gaynor: Week brings bad news for the NZX

14 Apr, 2018 5:00am
7 minutes to read

COMMENT: Shortage of independent directors is one reason firms sell, rather than list.

Christian Bale plays Michael Burry shorting mortgage-backed securities in The Big Short. Photo / File

BUSINESS

Short selling not a sure one-way bet

7 Apr, 2018 5:00am
7 minutes to read

COMMENT: Californian hedge fund no stranger to ASX as its reports drive down prices.

Fonterra chief executive Theo Spierings received total remuneration of $28.6 million in his first six years. Picture / Jason Oxenham.

BUSINESS

Brian Gaynor: Does big pay bring big results?

30 Mar, 2018 7:39pm
7 minutes to read

Highly paid CEOs do not necessarily create huge value for shareholders.

Banks are the lifeblood of the domestic economy. Photo / File

BUSINESS

Brian Gaynor: Bank boards a vital cog in NZ economy

24 Mar, 2018 5:00am
7 minutes to read

COMMENT: Banks are the lifeblood of the domestic economy.

Whatever many people may believe, NZ bank deposits are not guaranteed. Photo / 123RF

BUSINESS

Brian Gaynor: How safe is your money in the bank?

17 Mar, 2018 5:00am
7 minutes to read

COMMENT: Whatever many people may believe, NZ bank deposits are not guaranteed.

Ron Trotter, the chief executive and chairman of Fletcher Challenge, making his speech at the company's annual meeting at Trillos in Auckland in 1982. Photo / File

BUSINESS

Gaynor: New Xero boss has other fish to fry

10 Mar, 2018 5:00am
7 minutes to read

COMMENT: Shareholders Association wants Vamos to resign from the Fletcher Building board.

Chairman Sir John Wells rings the bell as CBL lists in 2015. Photo / Jason Oxenham

BUSINESS

Brian Gaynor: CBL's woes leave questions to be answered

3 Mar, 2018 5:00am
7 minutes to read

COMMENT: How good was oversight before insurer's problems appeared?

The Convention Centre deal is expected to cost Fletcher $410m. Photo / File

BUSINESS

Gaynor: A2 takes flight as Fletcher plummets

24 Feb, 2018 5:00am
7 minutes to read

COMMENT: Company boards need people with the right skills in order to succeed.

BUSINESS

Brian Gaynor: Fletcher's Norris a victim of his own success?

17 Feb, 2018 5:00am
7 minutes to read

COMMENT: Lack of past mistakes left chairman ill-equipped when things went wrong.

The Trustpower TECT Rescue Helicopter. Photo / File

BUSINESS

Trustpower changes may be too radical

3 Feb, 2018 8:24am
7 minutes to read

COMMENT: Trustpower share drop adds to customers' worries.

Trader George Ettinger works on the floor of the New York Stock Exchange. Photo / AP

BUSINESS

Brian Gaynor: How to make money in 2018

27 Jan, 2018 5:00am
6 minutes to read

After a rewarding decade, investors shouldn't pick markets' next move.

Quantum retained fees paid by students (mainly funded through government loans) even though these students completed less than 10 per cent of their courses. Photo / 123RF

BUSINESS

No pass for Intueri Education

20 Jan, 2018 5:30am
7 minutes to read

OPINION: Investors deserve far higher standards than failed NZX company delivered.

Are cryptocurrency values getting ahead of themselves? Photo / Bloomberg

BUSINESS

The minefield of digital currencies

16 Dec, 2017 5:00am
7 minutes to read

Are cryptocurrency values getting ahead of themselves?

Martin Aircraft reported a loss of $24.4m after its Martin Jetpack failed to live up to the hype. Photo / Supplied

BUSINESS

Listed firms require right formula to fly

9 Dec, 2017 5:00am
7 minutes to read

COMMENT: Crucial targets must be met to flourish on the stock exchange.

The battle for control of Myer is generating huge media interest across the Tasman. Photo / 123RF

BUSINESS

Myer fight shows investors need to act

2 Dec, 2017 5:00am
7 minutes to read

Active shareholders can hold poor performers to account on both sides of the Tasman.

The always understated Geoff Babidge, managing director and CEO of a2 Milk, addresses shareholders at this week's AGM. Photo / File

BUSINESS

Brian Gaynor: Focused a2 shows how it's done, who's next?

25 Nov, 2017 5:00am
7 minutes to read

COMMENT: Successful companies are all about strategy and execution and a2 has excelled.

Xero's decision to delist from the domestic sharemarket has focused attention on the NZX. Photo / Bloomberg

BUSINESS

Brian Gaynor: NZX left in the dust

18 Nov, 2017 5:00am
7 minutes to read

It's not just Australia - other sharemarkets are also outpacing NZ.

Rod Drury says Xero won't seek shareholder approval for its move to the Australian market. Photo / Michael Craig

BUSINESS

Xero sends a message to the market

11 Nov, 2017 6:00am
7 minutes to read

OPINION: Xero's move to Australian exchange is a major blow to the NZX.

Muldoon's abolition of the Labour super scheme was a disaster for New Zealand. Photo / Listener

BUSINESS

Next move Labour in the super game

4 Nov, 2017 5:00am
7 minutes to read

Decades of to-and-fro have seen big changes in pensions policy - for better and for worse.

The best option for construction giant would be to either break up the company or sell non-core assets. Photo / Dean Purcell

BUSINESS

Brian Gaynor: How to fix Fletcher Building

28 Oct, 2017 5:00am
7 minutes to read

COMMENT: The best option would be to either break up the company or sell non-core assets.

The clear message to investors is that all IPOs should be assessed with care. Photo / File

BUSINESS

Assess with care before you invest

21 Oct, 2017 5:00am
7 minutes to read

OPINION: Performance of Metro Performance Glass has refocused attention.

Solid Energy could probably have survived, but for its growth strategy.

BUSINESS

Miner's end leaves taxpayers in a hole

7 Oct, 2017 8:34am
7 minutes to read

COMMENT: Solid Energy could probably have survived, but for its growth strategy.

'Shambolic' and 'stalemate' have been used to describe talks between the UK's David Davis (left) and the EU's Michael Barnier. Photo / AP

BUSINESS

Many twists left yet on road to Brexit

30 Sep, 2017 8:27am
7 minutes to read

COMMENT: Britain wants to leave the EU, but keep many membership benefits.

Australians, including those living on the Gold Coast, are better funded for retirement than New Zealanders. Photo / AAP

BUSINESS

NZ pension funds lagging behind Aussie

23 Sep, 2017 8:35am
7 minutes to read

COMMENT: Changes to KiwiSaver would raise risk profile and long-term returns.

The NZX index drifted steadily lower to 3584.69 on Friday, October 16, 1987, and crashed the following week.

BUSINESS

Reflecting on the heady heights of '87

16 Sep, 2017 8:23am
7 minutes to read

OPINION: 30 years on from the market crash, what has changed?

New Zealand First wants to start by moving imported cars off Auckland's waterfront. Photo / Brett Phibbs

BUSINESS

Peters' port plan fails to make grade

9 Sep, 2017 9:13am
7 minutes to read

COMMENT: Deal with Tauranga more logical than shipping freight through Northport.

Kiwis preferred carrier is Air New Zealand. Photo / 123RF

BUSINESS

Travel boom has airlines flying high

2 Sep, 2017 8:32am
7 minutes to read

OPINION: Airlines are on a roll and Kiwis are flying far and wide.

Construction-related spending is approximately $13.9 trillion per annum, equivalent to 13 per cent of world GDP. Photo / 123RF

BUSINESS

Building, the industry that got left behind

26 Aug, 2017 12:06pm
7 minutes to read

COMMENT: Poor productivity in construction isn't just a New Zealand issue.

Opus International has been hit by the decline in oil, gas and other resources. Photo / NZME

BUSINESS

A tale of shrinking sharemarkets

19 Aug, 2017 3:28pm
7 minutes to read

COMMENT: Fall in new listings and takeovers thin the ranks - in NZ and abroad.

Conservative boards, with their feet firmly on the brakes, are limiting investors' returns. Photo / Martin Sykes

BUSINESS

Brian Gaynor: Metro Glass fails to shine

12 Aug, 2017 8:39am
7 minutes to read

COMMENT: Conservative boards are limiting investors' returns.

Labour's new leader Jacinda Ardern represented a significant change in style and age, as well as gender. Photo / Mark Mitchell

BUSINESS

Will Jacinda make markets take notice?

5 Aug, 2017 5:00am
7 minutes to read

COMMENT: Election campaign sprang into life with Jacinda Ardern as Labour leader.

Ryman Healthcare CEO Simon Challies, Air NZ CEO Christopher Luxon and Z Energy CEO Mike Bennetts.

BUSINESS

Wanted: The right boss for Fletcher

29 Jul, 2017 8:48am
7 minutes to read

OPINION: Why wasn't company able to find a new permanent CEO within its own ranks?