InsuredHQ selected to pitch Global Insurtech Roadshow

Press Release – InsuredHQ

New Zealand insurtech startup, InsuredHQ , has been chosen to pitch at the Global InsurTech Roadshow . It is one of only 25 international early-stage startups to be selected. The Goethe InsurTech Award will go to the best pitch on the day but … Read more »

Allied Farmers first-half profit drops 71%

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Allied Farmers posted a 71 percent drop in first-half profit and said slower livestock sales in the immediate wake of a dairy price recovery that contributed to the decline are likely to persist. Read more »

Tourism Holdings doubles first-half profit

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Tourism Holdings, the world’s largest recreational vehicle rental business, doubled first-half profit as it benefited from the acquisition of US campervan rental and sales business El Monte, which performed better than expected, … Read more »

UPDATE: Air NZ posts 7.4% decline in 1H pretax profit

Article – BusinessDesk

UPDATE: Air NZ posts 7.4% decline in 1H pretax profit as fuel prices bite Read more »

Michael Hill first-half profit tumbles 66%

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Michael Hill International posted a 66 percent drop in first-half profit, mainly reflecting A$19.8 million of provisions to reposition its Emma & Roe chain and to recognise costs of exiting the US market. Read more »

NZME maintains final dividend

Article – BusinessDesk

Feb. 22 (BusinessDesk) – NZME maintained its final dividend payment against expectations of a cut after posting a 2 percent drop in annual earnings as the newspaper publisher and radio station owner slowed the decline in its print advertising and kept a lid … Read more »

Air NZ posts 7.4% decline in 1H pretax profit

Article – BusinessDesk

Feb. 22 (BusinessDesk) – Air New Zealand posted a 7.4 percent fall in first-half pretax profit as rising fuel prices offset record high passenger revenue. Read more »

Here Comes Something NIU

Press Release – NIU Scooters

NIU, the #1 Smart Electric Scooter brand in the world, reports today it has recorded over 850 million kilometers driven on its 300,000+ scooters around the world, more than ten times larger than its closest competitor. Read more »

NZ Food Safety Company Reducing Foodborne Illness in the U.S

Press Release – Eagle Protect

A New Zealand company servicing local industries for 11 years is making inroads into the massive U.S. market for the supply of food safety disposable gloves and clothing. There are over 3,000 reported deaths and 48 million reported illnesses in the U.S. … Read more »

Kiwirail shortfall the result of its own short-sightedness

Press Release – Rail And Maritime Transport Union

Kiwirails lower-than-expected revenue result for the past half-year is the predictable result of its own short-sighted thinking, says the Rail and Maritime Transport Union. Read more »

Half Year results to 31 December 2017

Press Release – Tourism Holdings Limited

thl half-year NPAT up 102%, including $1.8M non-recurring tax benefit. Another record result. Read more »

Air New Zealand reports $323m interim result

Press Release – Air New Zealand

Air New Zealand today announced earnings before taxation for the first six months of the 2018 financial year of $323 million, compared to $349 million in the prior period. Net profit after taxation was $232 million. Read more »

Extended Tekapo hydro outage a ‘crying shame’

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Genesis Energy has been forced to extend its outage at the Tekapo-B hydro power station until June, cutting off a supply of water that would otherwise run through three of Meridian Energy’s hydro power stations on the multi-station … Read more »

Spencer defends RBNZ’s retail banking supervision

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Acting Reserve Bank Governor Grant Spencer, who will leave the role next month to be replaced by Adrian Orr, defended the central bank’s approach to supervision of the retail banking sector, though noted the government could seek … Read more »

Fletcher shares hit lowest in more than 5-years

Article – BusinessDesk

Fletcher shares hit lowest in more than 5-years as firm reveals soggy outlook behind B+I carnage Read more »

A2 shares soar 25%, making it NZ’s biggest listed company

Article – BusinessDesk

Feb. 21 (BusinessDesk) – A2 Milk Co shares jumped 25 percent, making the milk marketing firm New Zealand’s biggest listed company on a deal that will give it backing from Fonterra Cooperative Group. Read more »

Ebos looking at raft of acquisitions

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Ebos Group continues to look at a raft of possible acquisitions within the healthcare and animal care markets and aims to build its export momentum into Asia, says chief executive Patrick Davies Read more »

Spark sees more upside to unlimited mobile data plans

Article – BusinessDesk

Spark sees more upside as upsell to unlimited mobile data plans spur sales By Paul McBeth Read more »

Bunnings ANZ first-half earnings rise 12% on increased sales

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Wesfarmers’ Australian and New Zealand Bunnings business lifted earnings 12 percent off the back of higher sales and wider margins in a bright spot that saw the ASX-listed conglomerate’s first-half profit plunge 87 percent. Read more »

A2’s shares hit record on 1H results, Fonterra deal

Article – BusinessDesk

Feb. 21 (BusinessDesk) – A2 Milk shares spiked 16 percent to a record after the company announced it had more than doubled first-half profit on strong infant formula sales and has aligned itself with Fonterra Cooperative Group which will see the two companies … Read more »

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