Mainfreight after Plested and Braid

Mainfreight after Plested and Braid
Mainfreight’s value has soared from $100 million to more than $8.5 billion. (Image: Supplied)
Brian Gaynor
Bruce Plested’s original objective was to make Mainfreight a “100 year company” and he is well on his way to achieving this goal.The transport company, which is now in its 44th year, has been an amazing success story with its net profit surging from $4.8 million to $188.1m since its stock exchange listing in June 1996 and its market value soaring from just $58m to $8.5 billion. But time stands still for no one and the big question is who will replace the dynamic duo of chairman Plested and managing director Don Braid when...

More Markets

Direct Capital targets record fund size
Markets

Direct Capital targets record fund size

Direct Capital's last fund was $425m. What will its new fund close at?

Synlait Milk receives first cease withdrawal notice
Primary Sector

Synlait Milk receives first cease withdrawal notice

Farmers had been putting in cease notices as Synlait's debt problems grew.

NZ sharemarket falls 1.5% as investors look for cash
Markets Market close

NZ sharemarket falls 1.5% as investors look for cash

The S&P/NZX 50 Index closed at 12,896.67, falling 196.51 points or 1.5%.

Graham Skellern 04 Dec 2024
Auckland Council sells airport stake for at least $1.31b
Markets

Auckland Council sells airport stake for at least $1.31b

Auckland Council has successfully sold all of its shares in Auckland Airport.

Staff reporters 04 Dec 2024