Wellington Water Confirmed as Three Waters’ Company

Press Release – Capacity Infrastructure Services

Representatives of the Greater Wellington Regional Council and Hutt, Porirua, Upper Hutt and Wellington city councils yesterday agreed that Wellington Water would be the name of the newly created company to manage water services for the four cities. Read more »

Research aims to further improve health and safety in NZ

Press Release – University of Canterbury

A University of Canterbury project is seeking to find out why health and safety on New Zealand construction sites is improving and how improvements can be maintained. Read more »

Capital eyes upgrades to a range of public assets

Press Release – Wellington City Council

Reprioritising $15.3 million capital investment in publicly-owned Wellington City Council projects, ranging from street upgrades to proposals to upgrade the Zoo, the Cable Car, the Basin Reserve and the Museum of City and Sea, are to be discussed … Read more »

Te Kaea and Native Affairs live to fight another day

Press Release – Mana Movement

I understand that both the chair of the Board of Maori Television, Georgina Te Heuheu, and new CEO, Paora Maxwell, are now saying that my comments this morning about their plans to cut Te Kaea and Native Affairs, were wrong, and that nobody … Read more »

AsureQuality profit beats guidance on higher testing volumes

Article – BusinessDesk

Sept. 4 (BusinessDesk) – AsureQuality, the state-owned food testing company formed by the 2007 merger of Asure New Zealand and AgriQuality, beat forecast profit by 64 percent on higher testing volumes across its laboratories. Read more »

Kordia turns to a loss in 2014

Article – BusinessDesk

Kordia turns to a loss on difficult trading in Australia, end of NZ analogue revenue Read more »

SFO charges MightyRiverPower engineer with $2 mln fraud

Article – BusinessDesk

Sept. 2 (BusinessDesk) – The Serious Fraud Office has charged a MightyRiverPower engineer of fraudulently issuing invoices totalling $2 million. Read more »

KiwiRail; another year older and deeper in debt

Press Release – New Zealand Alliance Party

That is a lot of money and there are lessons that need to be learnt before we pour in another $1 billion. Read more »

Strong LPC Financial Result Supports Port Redevelopment

Press Release – Lyttelton Port of Christchurch

Lyttelton Port of Christchurch (LPC) is focused on building a solid future for the Company and its stakeholders. It is in a strong financial position to fund the Ports redevelopment. The Company had good volume growth and has produced a solid financial … Read more »

CORRECT: TVNZ lifts annual profit 25% on flat ad revenue

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. Read more »

KiwiRail loss widens to $248M as talks on its future resume

Article – BusinessDesk

Aug. 29 (BusinessDesk) – KiwiRail, the unprofitable government-owned rail operator, has turned a net loss of $248 million for the year to June 30, as crippling annual writedowns on the value of its assets continued, despite total investment by the … Read more »

KiwiRail Annual Results 2014 Information

Press Release – KiwiRail

2014 was a challenging year for KiwiRail. Leading into it, the company had had steady growth in the three years prior. Read more »

Auckland Council Group finances go from strength to strength

Press Release – Auckland Council

It has been another year of good financial performance for the Auckland Council Group which reported its unaudited preliminary financial results to the NZX today. Read more »

Kiwibank profit hits $100 million

Press Release – Kiwibank

Kiwibank profit hits $100 million Kiwi Group Holdings Limited (KGH), which includes Kiwibank Limited and associated companies involved in Wealth Management, Insurance and New Zealand Home Loans, has achieved an after tax profit of $107 million … Read more »

TVNZ lifts annual profit 25% on flat ad revenue, quits Igloo

Article – BusinessDesk

Aug. 29 (BusinessDesk) – Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. Read more »

NZ Post profit shows no rationale for drastic job cuts

Press Release – Engineering Printing and Manufacturing Union

New Zealand Post Groups $107 million profit shows the company is not in crisis and can afford to carefully consider any future job losses, says the union representing NZ Post workers. Read more »

Improved operating profit; parcels overtakes letters revenue

Press Release – New Zealand Post

The first year of the New Zealand Post Groups five-year strategy has yielded an improved operating performance in 2014. Read more »

TVNZ profit up

Press Release – Television New Zealand

TVNZ has posted a net profit after tax of $18.1 million, up 25% on the same period last year. Read more »

NZ Post annual profit falls 12%

Article – BusinessDesk

Aug. 29 (BusinessDesk) – New Zealand Post, the state-owned mail delivery service and trading bank owner, reported a 12 percent fall in annual profit as shrinking mail volumes were offset by gains in its Kiwibank and parcel businesses. Read more »

Comments on Two City Transport Projects Needed by 8.9.14

Press Release – Christchurch City Council

Residents, property owners, organisations and businesspeople have only 10 days left to provide feedback on two key Central City transport projects http://resources.ccc.govt.nz/images/cityleisure/projectstoimprovechristchurch/transport/AAC/ACCProject1AreaMap.jpg >; Hospital Corner early works and Hagley / Moorhouse Corner. Read more »

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