Warehouse transformation programme reaps benefits

Victoria Young
Fri, 08 Nov 2019

The Warehouse Group says it continues to reap the rewards of its transformation programme as first-quarter sales improved by 4 percent from a year ago to $694.8 million.  The latest result follows sales growth of 3.6 percent for the same quarter last year.  Noel Leeming has continued its strong performance, with a 7.3 percent revenue increase to $225 million for the three months ended Oct. 27 and a 6.1 percent increase in same-store sales.  Warehouse Group chief executive Nick Grayston said this was helped by the Rugby World Cup. The t...
Southern Cross Travel to shed 45 jobs
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Southern Cross Travel Insurance plans to cut half of its remaining workforce in the wake of limited travel under covid-19 restrictions, although the rest of the group remains unscathed. The company...

MARKET CLOSE: NZ shares soar as investors get FOMO
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Metlifecare seeks shareholder support for action against ex-suitor, EQT
Paul McBeth | Tue, 02 Jun 2020

Metlifecare will seek shareholder support to pursue litigation against its former suitor after the High Court rejected an application that would have preserved a shareholder vote on the teetering $1.5...

Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks