Public sector contractor cutbacks hurt Accordant, Being loses the AI, takeovers aplenty, and more

Public sector contractor cutbacks hurt Accordant, Being loses the AI, takeovers aplenty, and more
Results and takeovers have been coming thick and fast. This week, recruiter Accordant counts the cost of public sector cutbacks. (Image: Jacques Steenkamp / NZME)
Rebecca Stevenson
Pattrick Smellie
Stay ahead with BusinessDesk's regular Small Cap Wrap – all the latest small cap opportunities, market trends and more.Recruitment company Accordant is still feeling the pain from reduced Government hiring. The firm, which operates five companies including executive search firm Hobson Leavy, JacksonStone & Partners, Madison Recruitment, AWF and Absolute IT, said its group revenue fell 22% to $165 million for the year to March 31. In March, Accordant warned job advertisements were down 17% despite record unemployment.&nbs...

More Markets

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Fonterra leads NZ sharemarket rise
Markets Market Close

Fonterra leads NZ sharemarket rise

The NZX 50 grew by 0.15% to 12,480.05 as Fonterra performed well.

Tom Raynel 26 Jun 2025
NZ sharemarket flat despite export growth
Markets Market close

NZ sharemarket flat despite export growth

The NZ sharemarket dipped as Fletcher Building shares fell further.

Tom Raynel 25 Jun 2025
FMA to focus on private market offers
Markets

FMA to focus on private market offers

The FMA is worried about unsophisticated investors taking the bait.

Pattrick Smellie 25 Jun 2025