Business & People
Appointments, results, deals and the people leading the industry.
Caterpillar raising profit outlook for 2017
Stronger global demand for the yellow plant for mining and construction meant US-based manufacturer; Caterpillar Inc, enjoyed a year-on-year rise in second-quarter revenue. For the second…
Earnings forecast red ink for Fletcher Building
Fletcher Building is lowering its expected forecast operating earnings before interest, tax and significant items for the financial year ended 30 June 2017 to $525 million…
Fletcher appoints interim boss as Adamson departs
The board of Fletcher Building Limited is appointing Francisco Irazusta as its interim chief executive officer (ceo) effective July 24, following the departure of current ceo…
Warren Buffett-backed Chinese EV maker plans US expansion
Chinese electric vehicle maker BYD plans to expand its US production. Warren Buffett-backed BYD sells its electric buses across the US, and Denver is among its…
Daimler Buses joining forces with on-demand rideshare service
Daimler Buses is joining forces with the Berlin-based CleverShuttle on-demand rideshare service provider as a minority investor. Thanks to the minority stake, Daimler Buses brand EvoBus…
CEO departure sees Fulton Hogan split leadership role
Fulton Hogan is realigning its senior leadership team into two streams following the departure of former chief executive officer Robert Jones who left the company in…
Waste Management’s profit falls but revenue grows
Chinese-owned Waste Management New Zealand saw its sales rise to $455 million in the 2016 financial year up from $444.8 million a year earlier according to…
Possible immigration clampdown will hurt economy
A forecaster is warning that the New Zealand economy will slump should immigration policy tighten after the next general election. Labour shortages in the major areas…
KiwiRail quake response win’s excellence award
KiwiRail's response to the Kaikoura earthquake saw it take home an Australasian rail industry award in Sydney yesterday evening. There were more than 80 nominations across…
Economy headed in the right direction: Truckometer
A buoyant New Zealand economy continues to track upwards according to the The ANZ Truckometer indexes. The Heavy Traffic Index was flat in June, but held…