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Business Insider: Ron Brierley's parting gift, fund manager's 61% return, Don Brash-chaired bank in breach

Business Insider: Ron Brierley's parting gift, fund manager's 61% return, Don Brash-chaired bank in breach
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

Australia , New-zealand , Sydney , New-south-wales , United-kingdom , Singapore , New-zealanders , Australian , Ron-brierley , William-curtayne , Don-brash , Guoco-group

Continuous Disclosure: Transtasman bubble won't be enough to pull Air New Zealand out of the red


Continuous Disclosure: Transtasman bubble won't be enough to pull Air New Zealand out of the red
8 Apr, 2021 05:00 PM
8 minutes to read
Air New Zealand won't be profitable again until long-haul travellers can return, analysts predict. Photo / File
Air New Zealand won't be profitable again until long-haul travellers can return, analysts predict. Photo / File
The announcement of the opening of the transtasman bubble on April 19 has been followed by positive stories of Kiwis rushing to book flights with Air New Zealand.
But one investment firm remains convinced that
it will take the return of long-haul travellers to bring the national carrier back to profitability again.

Auckland , New-zealand , Australia , Kathmandu , Bagmati , Nepal , United-states , Hawaii , Australian , Aussie , Roy-davidson , Adrian-allbon

Shareholder activism tipped to rise, even though some small-timers can't vote


''I certainly think on some of these hugely influential technology companies, platforms, energy companies, people do want a say.''
In New Zealand user-friendly investing platforms like Sharesies and Hatch have brought a huge number of new members into the market.
However, for many small shareholders intent on activism, there's a catch. In mutual funds – including Kiwisaver funds – shareholders do not hold voting rights because they do not own the shares.
Supplied
Sharesies’ Leighton Roberts (middle), seen with co-founders Brooke Roberts and Sonya Williams, says the burgeoning platform is working on its ability to give shareholder activists more input.
'’The fund does the investing and provides some kind of financial return on investment to the client,’’ Dr Anindya Sen, of Otago University’s accounting and finance department, said.

New-zealand , Otago , Kristen-lunman , Steffan-berridge , Sam-stubbs , Leighton-roberts , Anindya-sen , Otago-university , Facebook , Zealand-shareholders-association , Shareholders-association , Gamestop