Brian Roche to step down as NZ Post CEO

Article – BusinessDesk

Brian Roche to step down as NZ Post CEO having led adaptation to shrinking mail volumes Read more »

Air NZ shares edge up as earnings outlook hangs over profit

Article – BusinessDesk

Aug. 26 (BusinessDesk) – Air New Zealands shares have bounced around in sharemarket trading today despite reporting record full-year earnings as the country’s largest airline warned of an earnings drop ahead due to growth in international carriers … Read more »

New Zealand Post Group reports net profit of $141m

Press Release – New Zealand Post

The New Zealand Post Group has reported a net profit after tax (NPAT) of $141 million for the year ended June 2016 confirming a steady year-on-year financial performance for the Group overall. Read more »

Tough second-half hurts NZ Post and Kiwibank

Article – BusinessDesk

Aug. 26 (BusinessDesk) – State-owned New Zealand Post and its banking subsidiary Kiwibank both reported reduced profits after tax for the year to June 30, with NZ Post’s result bolstered by one-off benefits from an Australian asset sale and Kiwibank … Read more »

Air New Zealand announces record profit

Press Release – Air New Zealand

Air New Zealand announces record profit, dividend and staff bonus 2016 Key achievements: Record earnings before other significant items and taxation of $806 million* , up 70% Record net profit before taxation of $663 million , up 40% Record … Read more »

Air NZ rides the tourism boom with record full-year earnings

Article – BusinessDesk

Aug. 26 (BusinessDesk) – Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. Read more »

FIRST CUT: Air NZ delivers bumper pre-tax profit for 2016

Article – BusinessDesk

FIRST CUT: Air NZ delivers bumper pre-tax profit for 2016 FY of $663 mln Read more »

Plan to boost coal burning at Huntly “regressive”

Press Release – Greenpeace New Zealand

Thursday, August 25: The newly appointed CEO at Genesis Energy has said a third coal-burning unit could now be returned to service, in a move that has stunned Greenpeace New Zealand. Read more »

EQ Repairs and Methodology Don’t Meet Building Code

Press Release – EQCfix

With the sixth anniversary of the September earthquake in Canterbury only days away, documents obtained by EQC Fix, under the Official Information Act, show hundreds of repairs referred to the MBIEs Technical Engineering Panel, did not comply with … Read more »

Ports of Auckland Announces Strong Result

Press Release – Ports of Auckland

23 August 2016 Media Release Ports of Auckland Announces Strong Result Highlights 1. Financials Net Profit After Tax was $84m, up $21m on last year. Underlying profit before tax was $70.6m up $1m on last year. Declared dividend of $54.3 … Read more »

Lifting CCO performance and accountability

Press Release – Vic Crone

Auckland Mayoral Candidate, Vic Crone, is promising to put the control back into Auckland Council Controlled Organisations (CCOs). Read more »

Air New Zealand to increase its premium seating offering

Press Release – Air New Zealand

Air New Zealand to increase its premium seating offering Air New Zealand is to spend more than $100 million increasing the number of premium seats on its Boeing 787-9 Dreamliners and refurbishing its Boeing 777-300 fleet in response to customer trends. … Read more »

Government funding weapons trade

Press Release – Auckland Peace Action

The Governments own NZ Superannuation fund is heavily invested in major weapons dealers.# At present, it holds significant investments in the second, third and fourth largest arms dealers in the world: Boeing, BAE and Raytheon.* Read more »

Transpower releases 2015/16 annual result

Press Release – Transpower

Earnings before interest, tax, depreciation, amortisation, asset write-offs, and changes in the fair value of financial instruments (EBITDAIF) were $749.4 million, a slight decrease of $6.0 million (0.8%) from the 2014/15 financial year. The decrease … Read more »

CEs commit to code for safer shipping in ports and harbours

Press Release – Maritime New Zealand

Chief executives of New Zealands port companies, councils and Maritime New Zealand willtomorrow (August 18) commit to a revised, national port and harbour marine code to make shipping in commercial harbours safer. Read more »

Waikato academic reappointed to PHARMAC

Press Release – University of Waikato

University of Waikato governance expert Dr Jens Mueller has been reappointed by Health Minister Jonathan Coleman to a rare third 3-year term as a director of the PHARMAC board, where Dr Mueller also chairs the audit and forecasting committee. Read more »

Māori Television Board appointments

Press Release – New Zealand Government

Hon Te Ururoa Flavell Minita Whanaketanga Mori Minister for Mori Development 9 August 2016 Read more »

No more council sellouts before the election

Press Release – Minto for Mayor

With just two months before we elect a mayor and councillors it would be a travesty of democracy were the current mayor and council to sign off a new cost-sharing agreement with the government. Read more »

NFPs’ funding concerns increase: report

Press Release – Grant Thornton

NFPs funding concerns increase: report 26 July 2016 The Not for Profit sector in New Zealand and Australia is now more concerned than ever about funding their operations, according to the latest Grant Thornton Not for Profit sector report. … Read more »

Govt’s state house sell-off ramping up

Press Release – New Zealand Labour Party

Government plans to ramp up the state house sell-off by selling another 1000 houses in 2016/17 will mean more families in need missing out, says Leader of the Opposition Andrew Little. Read more »

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