Business

Mainzeal director Richard Yan has stepped down from the New Zealand China Council’s executive board of his own volition. newzealandinc.com believes Yan – who has been a passionate advocate for a strong relationship between New Zealand and China – would not have wanted to cause any issues for the recently formed council. Yan earlier appeared on the council’s executive board …

OFF TO THE RACES AND I’LL PUT $10 ON THAT BLACK AND WHITE FILLY: Overnight the GlobalDairyTrade registered a very strong rise with the TWI up 3.1 percent. Despite the lingering headlines related to consumer and offshore regulator jitters about the discovery of minute traces of DCD in some milk products last year, the strength of the auction results in …

The Australian Financial Review gets to the nub of the stoush that saw five of Herald publisher APN’s directors walk overnight after Ireland’s Independent News and Media exercised its shareholding muscle. The article it notable for suggesting INM’s own CEO Vincent Crowley might be a candidate for the new APN CEO role. Crowley – who is Irish – is a …

APN News & Media chairman Peter Hunt has this evening formally announced his resignation and that of CEO and Managing Director Brett Chenoweth and three other directors – John Maasland, Melinda Conrad and John Harvey –  to the ASX. The five resignations take effect from 9am tomorrow morning (Australian Eastern Seaboard time). A further director, Kevin Luscombe, will retire in …

Tough words from The Australian’s veteran business commentator John Durie this afternoon. The bottom line in the APN News & Media battle is as things stand, the equity raising is dead. “Shareholders own the company, not the chief executive Brett Chenoweth and chairman Peter Hunt, who now have no choice but to resign. ” Durie then dishes out a basic …

The Australian reports that APN News & Media’s second-largest shareholder, Simon Marais, supports the potential resignations of the company’s chief executive and chairman, and will not support a proposed capital raising. “It’s better that they go because it’s a silly thing to do … putting the cart before the horse,”  Marais, the managing director of fund manager Allan Gray, told …

 This is how the Australian Financial Review illustrated its story this morning spelling out the predicament facing APN – publisher of the New Zealand Herald and a raft of media assets across the Tasman: Regional newspapers, radio, outdoor advertising and digital. Judging by the indepth Australian media reports the stoush boils down to a strategic choice – raise capital to …

Financial Times: A boardroom battle has broken out at APN News & Media following a decision by the company’s largest shareholder to push for the removal of its chief executive and oppose a rights issue. Shares in the Australasian media group APN were suspended on Friday when Ireland’s Independent News & Media said it wanted the removal of Brett Chenoweth as a director and …

Sir Don McKinnon couldn’t have picked a better person than Pat English to be the NZ China Council’s inaugural executive director. The former NZ Consul-General and Trade Commissioner in Guangzhou has long been a stalwart in the bilateral relationship. English is deeply versed in New Zealand’s trading relationship; knows heaps of smaller firms as well as the larger NZ companies …

internet jobs from home p>PwC Partners Colin McCloy and David Bridgman say they are in talks with potential acquirors for all or part of Mainzeal”s business and assets. “We are currently in talks with some parties interested in buying the business and assets of Mainzeal, either as a whole or by segment. We understand the importance of a prompt and …