Business & People
Appointments, results, deals and the people leading the industry.
ANZ Truckometer sees ups and downs
The ANZ Truckometer heavy traffic index bounced up 4.1% in January off its 4.4% December fall, while the light traffic index came down 0.5% for the…
Tomcar in administration
Off-road all-terrain vehicle manufacturer Tomcar Australia has gone into voluntary administration. The bustling local manufacturing business which made $1.55 million in revenue in financial year 2017 has…
Crown Holdings acquires Auckland automotive sites
Copson Holding's Crown Group has purchased two large strategic Auckland commercial properties with automotive links. The property at 404-444 Great South Road, Greenlane, bought for $25.5m…
Fonterra raises ‘concern’ over Chinese partner’s financial loss
Fonterra is raising questions as its major Chinese investment partner forecasts a multi-million dollar loss. The New Zealand diary giant released a statement on Monday saying…
Yang Kee Group completes Fliway acquisition
An international takeover of one of New Zealand’s largest transport and logistics companies is now complete. Singaporean logistics firm Yang Kee Group have completed the acquisition…
New board director for Port Taranaki
Port Taranaki is welcoming a new appointment to its board of directors. Kathy Meads, a senior executive with years of experience in the port industry, has…
Reverse listing complete for TIL Logistics Group
Shareholders are backing one of New Zealand’s largest freight companies after the completion of a voluntary acquisition. Bethunes Investments shareholders voted last December to approve the…
Warning issued on freight shares
Trading of New Zealand’s newest freight listing has come with a caution. TIL Logistics Group Limited put out a message on Friday encouraging people to get…
Bell rings for new freight listing
Trading is officially underway for New Zealand’s latest stock market listing. TIL Logistics Group Limited started trading on the NZX on Thursday morning after the successful…
SeePort festival gears up for fifth anniversary
Big machines and vessels will be on show as Ports of Auckland opens for the public. The port is holding is fifth annual SeePort festival which…