Business & People
Appointments, results, deals and the people leading the industry.
Air NZ profit takes a hit in ‘headwinds’
Air New Zealand is pointing to fuel price increases and global Rolls-Royce engine issues as contributing factors in pushing its net profit down 31% to $270…
Napier Port joins NZX main board
Napier Port is now open for trading on the NZX main board following an initial public offering (IPO) to eligible investors. The port’s final IPO price…
Hino names winners for Rugby World Cup promotion
Hino NZ has announced the eight lucky winners of its Japan 2019 Rugby World Cup competition. Bond Contracts, Mainfreight, H & S Gibson, J Swap Contractors…
Nick Rogers to retire from NZTA board
Nick Rogers is retiring from the New Zealand Transport Agency (NZTA) board on September 17. Rogers, a senior geotechnical engineer at Tonkin and Taylor, has served…
CMC steady at $22.1m profit
The Colonial Motor Company (CMC) made a trading profit after tax of $22.1 million for the financial year - on par with the $22m recorded in…
Truckometer moves up a gear
The ANZ Truckometer indexes lifted in July with light traffic up 1.5% month-on-month and heavy traffic up 4.1% m/m. “Looking through the monthly volatility, annual growth…
Civil construction awards young leaders
An Otago site supervisor, a Christchurch foreman and a Wellington environmental advisor have received Z People Awards at Civil Contractors New Zealand ‘Navigating the Future’ Conference…
NZ Shipping Federation appoints new vice president
The New Zealand Shipping Federation has re-elected Clive Glover as president and newly elected Paul Coleman as vice president at its recent annual general meeting. Coleman…
NZ Institute of Skills and Technology board members appointed
Education minister Chris Hipkins has announced the members of the establishment board which will replace the 16 polytechnics around the country into one national entity. The…
Paccar delivers record results
Truck manufacturer Paccar is reporting its best ever quarterly results including record global truck deliveries of 52,300 units for the second quarter of 2019. The company…