Westpac customers to fly with Air New Zealand Airpoints

Press Release – Westpac New Zealand

Westpac has signed a 10 year agreement as an Air New Zealand financial services partner in a move that will see it offer its customers Air New Zealand Airpoints, and lead to a shake-up in the competitive retail banking market. Read more »

Industry warns Government of LED road lighting trade barrier

Press Release – Lighting Council New Zealand

A low rate of adoption of LED road lighting and an approved or accepted list of luminaires (light fittings) has caused some major lighting suppliers to lose interest in the New Zealand road lighting market says the chairman of the Lighting Council … Read more »

Mainfreight forecasts annual profit hike

Article – BusinessDesk

March 19 (BusinessDesk) – Mainfreight expects annual profit to rise as much as 7.1 percent on revenues in excess of $2 billion as it pays tribute to one of the business leaders who helped it evolve from a company with one truck. Read more »

Hawke’s Bay economy gets major blast from new food facility

Press Release – ATTN

Pictured is a Post harvest technician at the Rockit food packing facility in Havelock North Read more »

Canterbury community funding round recipients announced

Press Release – Internet NZ

Every year InternetNZ gives away money to a bunch of different people and organisations to improve the Internet and our use of it. We do it because our vision is for a better world through a better Internet, and to achieve that vision, we recognise that we … Read more »

Allan Gray reduces stake in APN News & Media

Article – BusinessDesk

March 17 (BusinessDesk) – The Australian fund that helped force a boardroom shakeout at APN News & Media has reduced its stake in the group after earlier selling down its holding in rival Fairfax Media. Read more »

Moa sees full-year loss similar to 2014′s $5.8 mln

Article – BusinessDesk

Moa sees full-year loss similar to 2014′s $5.8 mln, recovery in 2016 Read more »

RESEND: Lion NZ full-year net profit falls 20%

Article – BusinessDesk

RESEND: Lion NZ full-year net profit falls 20% as drinkers seek quality over quantity Read more »

Apple lifts FY profit by 44% on currency gain; sales steady

Article – BusinessDesk

March 16 (BusinessDesk) – Apple Sales New Zealand, the local unit of the iPad and iPod maker, increased annual profit by 44 percent, on largely unchanged sales, as it benefited from a gain on its currency positions. Read more »

Lion NZ full-year profit falls 6.3%

Article – BusinessDesk

March 16 (BusinessDesk) – Lion – Beer, Spirits & Wine (NZ) Ltd , which has 46 percent of the New Zealand market and is owned by Japan’s Kirin Holdings, is making less money in the domestic market as alcohol drinkers opt for quality over quantity. Read more »

Airways 1H earnings fall 36% as new businesses miss forecast

Article – BusinessDesk

March 13 (BusinessDesk) – Airways Corp of New Zealand, which is in charge of the nation’s air traffic control, posted a 36 percent decline in first half profit as its investments in new international businesses didn’t perform as well as expected … Read more »

Switched on Gardener sold to global operator

Press Release – Bayley’s Real Estate

Nationwide retail gardening chain Switched on Gardener, together with its associated company Hydroponic Wholesalers, has been sold to Melbourne based Dome Garden Supplies PTY Limited by way of tender through Bayleys Tauranga broker Brendon Bradley. Read more »

Aviation leaders & consistent incident reporting

Press Release – Airways New Zealand

Just Culture standards can only be successfully adopted in aviation organisations when actively owned, led and role-modelled by CEOs as a first step, says Airways New Zealand CEO Ed Sims. Read more »

Introducing the next generation at Forrest Wines

Press Release – Forrest Estate Winery

Doctors John and Brigid Forrest are excited to welcome home to Forrest Wines their daughter Beth. John says that for Brigid and I this is a significant step in safe guarding the future of our family business. All 3 of our children have grown up here … Read more »

RESEND: Television NZ expects to resume dividends in 2016

Article – BusinessDesk

March 12 (BusinessDesk) – Television New Zealand, the state-owned broadcaster, expects to resume dividend payments in 2016, having gained approval to halt payments in fiscal 2014 while refurbishing its main building on Aucklands Victoria St West. Read more »

Foley Family Wines turns first half profit as sales grow

Article – BusinessDesk

March 11 (BusinessDesk) – Foley Family Wines, majority owned by American businessman and vineyard owner Bill Foley, posted a first-half operating profit as sales increased 14 percent. Read more »

Woosh narrows annual loss as accounts tagged by auditor

Article – BusinessDesk

March 11 (BusinessDesk) – Woosh Wireless’s financial statements have been tagged by its auditor as the internet service provider narrowed its annual loss by clamping down on costs to offset falling sales. Read more »

Trilogy expects net profit growth of more than 300%

Press Release – Trilogy International Ltd

Trilogy International Limited (NZX: TIL) said today in an earnings update that it expects net profit before tax for the financial year ending 31 March 2015 to be greater than $4m, which is an increase of more than 317% on the $1.26m achieved for the previous … Read more »

Trilogy sees FY profit more than trebling

Article – BusinessDesk

March 11 (BusinessDesk) – Trilogy International, the skincare products and scented candle maker, says annual profit will more than treble with improved earnings at its Australian unit and as its Ecoya candle division makes money for the first time. Read more »

NZ listed company earnings underwhelm analysts

Article – BusinessDesk

March 9 (BusinessDesk) – New Zealand’s listed companies beat earnings estimates on average in the latest results season, but still fell short of the bullish growth expectations built into stock prices, analysts say. Read more »

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