Business & People
Appointments, results, deals and the people leading the industry.
Port of Tauranga CEO Mark Cairns to step down
Port of Tauranga chief executive Mark Cairns has announced his retirement after more than 15 years at the helm of New Zealand’s largest port. He has…
Stephenson confirmed as VIA chair
Enterprise Motor Group chief executive Chris Stephenson has been confirmed as the new chairman of VIA's board of directors. Vehicle Inspection NZ chief executive Sean Stevens…
Survey results in: Shovel-ready delays, but stability ahead
Findings from the 2020 Construction Industry Survey have been released revealing some COVID pain but not everything is doom and gloom. The survey, a partnership between Teletrac Navman…
K&S Corporation net profit after tax up 384%
Australia and New Zealand transport and logistics firm K&S Corporation has posted full year net profit after tax of A$11.2 million, up 384.1% compared to $2.3m the…
ANZ completes sale of UDC Finance to Shinsei Bank
UDC Finance chief executive Wayne Percival ANZ Bank has completed the sale of its vehicle and asset finance arm UDC Finance to Shinsei Bank following Overseas Investment…
TIL Logistics net profit up 50%
TIL Logistics Group is reporting sales growth with full year net profit after tax of $2 million. However, the company is warning of an expected “recessionary…
Napier Port posts $18.7m third-quarter profit
Napier Port has posted net profit after tax of $18.7 million for its third quarter result, up nearly 15% despite COVID-19 disruptions. Revenue for the nine…
Air NZ posts after tax loss of $454m
Air New Zealand is reporting a net loss after tax of $454 million for its 2020 annual result. It’s the airlines first loss in 18 years and is…
Freightways posts $47.4m profit amid ‘uncertain’ outlook
Freightways has posted a $47.4 million profit for the 12 months to June 30. This is down 25% year-on-year despite operating as an essential service across…
Ground spreaders celebrate award winners
The winners and runners-up of the 2020 New Zealand Groundspread Fertilisers Association (NZGFA) awards have been announced. It was recently held online as part of the…