Business & People
Appointments, results, deals and the people leading the industry.
NHR expands footprint with new Wellington hub and Manukau relocation
Commercial vehicle leasing and renting firm NHR Group has expanded its national network with a new site in Wellington, a relocation to a larger facility in Manukau…
Fonterra half-year profit rises to $750m, lifts milk price forecast
Fonterra has reported a profit after tax of $750 million for the first half of FY26, as the co-operative lifted its forecast farmgate milk price amid…
ANZ: Oil shock clouds inflation outlook as RBNZ faces policy dilemma
New Zealand’s inflation outlook has become increasingly uncertain as the ongoing Middle East conflict drives higher oil prices, with ANZ warning the Reserve Bank faces a…
GDP up 0.2% in December quarter
New Zealand’s economy recorded modest growth in the December quarter, with GDP rising 0.2%, as gains across most industries were partly offset by a continued downturn…
Fonterra chief executive Miles Hurrell to step down
Fonterra chief executive Miles Hurrell will step down after eight years leading the dairy co-operative and a 25-year career with the company. The announcement was made…
Scott O’Donnell to step down from KiwiRail board
KiwiRail director Scott O’Donnell is set to step down from the board after serving seven months in the role. In a brief statement, KiwiRail chair Suzanne…
Whip Around secures majority investment from Accel-KKR
Kiwi-founded fleet maintenance and compliance software company Whip Around has secured a majority investment from global private equity firm Accel-KKR, in a move aimed at accelerating product development and expanding the company’s market reach.
Move Logistics narrows loss, expects positive earnings in second half
Move Logistics Group has reported an improved first-half result with the company saying it remains on track to deliver positive normalised earnings for the full year…
Colonial Motor lifts half-year profit to $10.4m, truck market ‘subdued’
Colonial Motor Company says its heavy truck division Southpac Trucks is “performing well” despite a subdued heavy vehicle market, as the group posted a 50% lift…
Port of Auckland posts 28% lift in half-year profit, declares $26m dividend
Port of Auckland says it is on track to meet its FY26 performance targets after reporting a 28.1% increase in underlying net profit for the six…