Business & People
Appointments, results, deals and the people leading the industry.
Heartland Bank records profit
Major automotive lender Heartland Bank has recorded a healthy profit for the year ending June 2017. Its net profit after tax is up 12% to $61…
A $5.9 billion funding shortfall forecast for Auckland transport investment
A $5.9 billion funding shortfall is expected for Auckland’s transport investment during the next 10 years. The shortfall would have to be met from the government…
New chief executive for South Port
Nigel Gear has been appointed South Port's new chief executive. Gear is currently the port’s commercial manager, replacing Mark O’Connor who has held the role for…
OCR remains unchanged
Reserve Bank governor Graeme Wheeler has left the Official Cash Rate unchanged at 1.75%. He notes that major changes are unlikely at this stage. "Monetary policy…
Weather affects July truck movements: Truckometer
The ANZ Truckometer indexes were weak in July, likely being affected by stormy weather. The Heavy Traffic Index fell 5.5% in the month after being seasonally…
Tauranga wins biosecurity award
The Port of Tauranga has been recognised for their work in preventing biological and biochemical incursions at this year’s New Zealand Biosecurity Awards. Out of 43…
Waterview supporting NZ growing economy
A month after the Waterview Tunnel opened to traffic, road users are benefiting from quicker, more reliable travel times and traffic flows across both local roads…
Former MoT boss steps down as auditor general
Former Ministry of Transport boss Martin Matthews has resigned from his current position of auditor general. It precedes a report due out today that looks into…
Survey says more farmers are making a profit
A Federated Farmers survey taken in July is showing a significant jump in the number of farms making a profit which is good news for suppliers…
Turners Group appoints new boss for NZ business
Greg Hedgepeth will take the reins as chief executive of Turners Group's New Zealand business, formerly Turners Auctions. Hedgepeth has previously held senior roles with BMW…