Record passengers drive half-year result

Press Release – Christchurch Airport

Total operating revenue for the six months to 31 December 2017 was $88.9 million, up $2.4m (2.8%) compared to the same period last year. Surplus after tax was $19.3 million, up $1.1m (5.8%) compared to the same period last year, allowing the Board … Read more »

HEB Construction returns to profit in 2017

Article – BusinessDesk

March 6 (BusinessDesk) – HEB Construction returned to profit in 2017 as the construction company’s revenue climbed 39 percent and as a $38.3 million charge on losses from a major project wasn’t repeated. Read more »

Tourism Business Success Programme a first for New Zealand

Press Release – Smartraining

The Tourism Business Success Programme developed by SMARTrainingTM, a leading tourism marketing training provider, has just been launched. Read more »

Russell McVeagh sees strong M&A activity in 2018

Press Release – Russell McVeagh

In a publication released last week by Russell McVeagh, the leading New Zealand law firm considers the trends in merger and acquisition activity over the last three years and what to expect in 2018 in relation to general market trends, general legal … Read more »

M&A off to strong start, but challenges on the horizon

Press Release – Chapman Tripp

Regulatory risk featured large in the mergers and acquisitions ( M&A ) market last year and is shaping up to be a big factor again this year, says Tim Tubman, who heads up Chapman Tripps corporate team. Read more »

SHARE New CEO Announced

Press Release – Share NZ

The Board of SHARE has announced that Tony Dench has been appointed as CEO and will take over from outgoing CEO, Scott Black, who is retiring in April. SHARE is a nationwide co-operative of 78 Financial Advisers providing advice on insurance, investment and … Read more »

Principals wins nine REBRAND 100® Global Awards

Press Release – Principals

SYDNEY, 5 March 2018: Branding design agency Principals has won nine awards in the REBRAND 100 Global Awards . The highest recognition for excellence in brand repositioning, and the only global competition of its kind, the REBRAND 100 Global Awards are … Read more »

Civil contracting apprenticeships for three QRS staff

Press Release – Quality Roading and Services – QRS

Three veteran Quality Roading and Services staff have gained Civil Trades Certification this week giving them industry recognition as skilled tradespeople. Read more »

Yardley defends Powerhouse, would buy more shares below NTA

Article – BusinessDesk

March 5 (BusinessDesk) – Powerhouse Ventures chair Russell Yardley says he’d buy more shares in the ASX-listed, Christchurch-based incubator, having acquired 72,252 shares at 30 Australian cents apiece last September. Read more »

UPDATE: Xero’s Drury to hand over reins to Steve Vamos

Article – BusinessDesk

March 5 (BusinessDesk) – Xero chief executive and co-founder Rod Drury will next month hand over the day-to-day running of the company to veteran tech executive Steve Vamos, who’s been tasked with transforming the software firm to a multi-national … Read more »

Landcorp posts weaker 1H earnings

Article – BusinessDesk

March 5 (BusinessDesk) – Landcorp Farming, the state-owned farmer, reported weaker earnings in the first half of its financial year as adverse weather crimped milk production and lifted the amount spent on extra feed for livestock. Read more »

Technology law firm launches its techlaw intern programme

Press Release – Simmonds Stewart

Technology law firm Simmonds Stewart has launched its techlaw intern programme in conjunction with the University of Auckland Law School. The programme offers law students paid intern positions at companies in the high-growth tech sector. Read more »

Xero Appoints Steve Vamos as CEO

Press Release – Xero

The Board of Xero Limited (ASX: XRO) announces it has appointed Steve Vamos as CEO to succeed founder Rod Drury, effective 1 April 2018. Rod will continue to focus on innovation and strategy as a non-executive director of Xero. Read more »

New PTI NZ Pacific Business Market at Pasifika 2018

Press Release – Pacific Trade Invest

Pacific Trade Invest New Zealand (PTI NZ) is pleased to announce the launch of a new Pacific Business Market at this years Pasifika Festival from 24-25 March 2018. Read more »

Pāmu Releases Half Year Result

Press Release – Pamu Farms

Pmu Farms of New Zealand (Landcorp) has released its half-year result to December 31 2017, which shows the impact of challenging climate conditions. Read more »

NZ dollar gains as Trump’s tariff plan weighs on greenback

Article – BusinessDesk

March 2 (BusinessDesk) – The New Zealand dollar rose after US President Donald Trump announced tariffs on imported steel and aluminium, which saw stocks on Wall Street fall, along with US interest rates, dragging the greenback down. Read more »

Finzsoft sinks into the red as first-half revenue tumbles

Article – BusinessDesk

March 2 (BusinessDesk) – Finzsoft Solutions sank into the red in the first half as revenue dropped by almost a third, saying the timing of its licence fees is variable and that it continues to trade well. Read more »

Ports of Auckland 1H profit growth stalls

Article – BusinessDesk

March 2 (BusinessDesk) – Ports of Auckland reported flat first-half earnings and trimmed its interim dividend payment to the city as the cost of introducing greater automation offset a 9.1 percent increase in revenue. Read more »

Strong Results and Pursuing Growth Plans

Press Release – Freedom Furniture

The board of Freedom Furniture New Zealand Ltd (FFNZL) this week signed off the financial results for the year ended 1 October 2017. The board is comfortable with the nature of FFNZLs performance and has endorsed plans to continue to expand Freedoms … Read more »

Telesmart acquires NEC Business Solutions

Press Release – Telesmart

Leading New Zealand telecommunications solutions provider Telesmart has acquired the business formerly known as NEC Business Solutions from Scollay Holdings Ltd for an undisclosed sum. Read more »

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