Business & People
Appointments, results, deals and the people leading the industry.
Move appoints new director
Move Logistics Group has appointed Lachie Johnstone as an independent director.
KiwiRail posts $407m loss as Interislander project write-offs hit
KiwiRail has posted a net deficit after taxation of $407 million for the six months to December 31, with the state-owned firm taking a big hit…
Regional economies limited by spending restraint
Still, too-high inflation and considerably higher interest rates combine to constrain economic activity across New Zealand, according to Infometrics’ latest monitoring of regional economies. Infometrics’ December…
Marsden Maritime Holdings announces 2024 half-year financial results
Marsden Maritime Holdings Limited (MMH) has reported continued growth in underlying earnings of $1,008k for the 2024 financial half-year, up 15.6% on the same period of…
Move posts $10.7m loss as freight ‘headwinds’ hit
Move Logistics Group is reporting a net loss after tax of $10.7 million for its FY24 half year result, with inflationary cost pressures and subdued customer…
Port of Auckland lifts first half net profit to $21.2m
Port of Auckland has delivered an underlying net profit after tax (NPAT) of $21.2m for its half year results, up $400,000 compared to last year's result. The council-owned…
Scania NZ celebrates 5th anniversary, promises more expansion
Scania New Zealand is celebrating its fifth anniversary as a wholly-owned subsidiary business. The heavy truck brand formed its local operations on January 1, 2019, after more than two…
Fletcher reports $120m half year loss, chair and CEO resign
Fletcher Building has reported a first half net loss after tax of $120 million alongside major board and leadership resignations with chairman Bruce Hassall and group…
WasteCo appoints new chief executive
Christchurch-based WasteCo Group has announced the appointment of David Peterson as chief executive, effective February 26. Peterson's experience spans across diverse sectors including engineering, manufacturing, logistics…
T&G Global expects full year loss of up to $67m
Produce grower and exporter T&G Global is forecasting a FY23 loss before income tax of between $60 million to $67m, citing insurance claim delays from the…