Business & People
Appointments, results, deals and the people leading the industry.
Bruce Hassall joins Fletcher Building
Bruce Hassall has been appointed the new chairman of Fletcher Building. He is to replace Sir Ralph Norris and will be joined by four new board…
UDC increases half-year profit
Automotive finance company UDC has boosted its half-year after profit by 8% to $32.7 million. Revenue is also up 10% to $66.3 million, while total lending…
ComCom receives application for oil and gas merger
The Commerce Commission is reviewing an application for a merger between Shell and Vienna-based oil and gas company OMV. OMV aims to acquire 100% of Royal…
Fieldays impacts economy ‘significantly’
Around $18 billion in revenue has been made throughout the history of the Mystery Creek Fieldays, an economic impact report says. Wednesday marks the 50th anniversary…
Truckometer bounces back
Both the heavy and light traffic indexes have risen in the latest ANZ Truckometer results. The heavy index rose 3% month-on-month in May, which saw annual…
Gough Group boss reports strong results
Newly appointed Gough Group chief executive Liz Ward is all set for “exciting times ahead”. “It’s been a busy introduction for me … but a very…
Mainfreight marks annual result with $20.7m staff bonus
Mainfreight is announcing another “record” annual result with net profit up 8.8% to $112.2 million. The company has also paid its largest ever team bonus, up…
Turners posts huge profit boost
Turners Automotive Group lifted its net profit after tax by an impressive 33% to $23.4 million in the 2017-18 financial year. Overall revenue was also up…
Quarry expansion meets truck movement appeal
This story first appeared in the May issue of Transporttalk – CLICK HERE to download the magazine FREE South Auckland residents are fighting a resource consent approval…
Auckland port wins major award
Ports of Auckland has won the ‘Best Seaport in Oceania’ title for the third consecutive year. It claimed the prize at the Asian Freight, Logistics and…