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The latest from Staff Staff reporters

Stories written by multiple reporters.

Abano sanguine about Melbourne lockdown
Staff reporters | Thu, 09 Jul 2020

Abano Healthcare said there are currently no additional restrictions on dental services from the six-week lockdown in Melbourne which started yesterday.Abano’s dental practices will stay open and keep delivering quality and safe dental services, it said.It has six practices in th...

Warehouse Group sees step-change in online sales
Staff reporters | Thu, 09 Jul 2020

The Warehouse Group said its online demand has continued to be strong since stores reopened post the lock-down. Year-to-date online sales are up 54.8 percent, representing 11.8 percent of all group sales versus 7.8 percent for the full year FY19.“There appears to have been a step...

Augusta takeover goes unconditional
Staff reporters | Thu, 09 Jul 2020

ASX-listed Centuria Capital said it has 65.9 percent support for its takeover of Augusta Capital, and has declared it unconditional.  Centuria's assets under management increases by 24 percent on the offer completion to A$8.9 billion.  Centuria offered $1 per share for the pr...

Comvita picks up ex-Synlait CFO
Staff reporters | Mon, 06 Jul 2020

Comvita has hired former Synlait executive Nigel Greenwood as its new chief financial officer after covid-19 spoiled his plans for a European holiday.  Greenwood was in charged of Synlait’s books for a decade, overseeing it growth from a $100 million revenue company to $1 billion...

New car sales fall 17.5%
Staff reporters | Fri, 03 Jul 2020

The brake is still on for new car sales, with registrations down 17.5 percent, or 2,438, at 11,514 new cars on the road in June compared to a year earlier, according to Motor Industry Association data.In the year to date, new registrations have slumped 29.1 percent, hit hard by t...

KiwiRail picks Manawatu hub site
Staff reporters | Thu, 02 Jul 2020

KiwiRail has selected a site north-east of Palmerston North for its new inter-modal freight hub.The location, between the city’s airport and Bunnythorpe, had always been a strong contender given its proximity to the city’s expanding north-east industrial zone.Regional Development...

$10m lifeline for major events
Staff reporters | Wed, 01 Jul 2020

The government has allocated $10 million to help salvage nationally or regionally ‘significant’ events that provide the greatest flow-on benefit to regional economies in the wake of covid-19.Economic Development Minister Phil Twyford said that while the fund won’t save every even...

No Air NZ flights to Melbourne for the next fortnight
Staff reporters | Wed, 01 Jul 2020

Air New Zealand will not operate passenger services from Auckland to Melbourne for the next fortnight due to Australian government restrictions.No international passengers are eligible to arrive into Melbourne from July 1 to July 14 in an effort to reduce the spread ofcCovid-19 w...

Residential building consents back at pre-covid levels
Staff reporters | Wed, 01 Jul 2020

Seasonally adjusted residential building consents rose 36 percent in May, bouncing back from a 9.9 percent decline in April, Stats NZ said.There were 3,554 new homes consented in May, up from 2,168 in April, and more than the monthly average through the second half of 2019.“Impre...

Calibre Partners the new KordaMentha NZ
Staff reporters | Wed, 01 Jul 2020

Restructuring firm KordaMentha NZ has rebranded as Calibre Partners, although it will keep ties with its Australian namesake. The firm has managed a number of high profile receiverships, including MediaWorks and Wynyard Group, and is currently overseeing the distressed sales of C...

F&P Healthcare breaches $20b market cap
Staff reporters | Tue, 30 Jun 2020

Fisher & Paykel Healthcare has become the NZX’s first $20 billion company after its share price rose another 5.3 percent to $35.28 today, bringing its year-to-date gain to almost 51 percent. The covid-19 pandemic has created unprecedented demand for the firm’s respiratory humidif...

Record 35,000 submissions on Auckland budget
Staff reporters | Tue, 30 Jun 2020

Auckland Council received 34,800 submissions during a three-week consultation on its emergency budget.  That is the highest number of submissions received on a consultation since the city’s ‘super council’ was formed in 2010, eclipsing the 1,200 responses during the annual budget...

New index shows activity bounce in May
Staff reporters | Tue, 30 Jun 2020

New Zealand’s economic activity in May was down 6.5 percent from a year earlier, according to a new composite index from Treasury, Stats NZ and the central bank. While activity was weak, it did bounce back from April, when it had fallen 19 percent from same month in 2019, the fir...

TIL shares jump as earnings outlook improves
Staff reporters | Fri, 26 Jun 2020

TIL Logistics shares jumped almost 16 percent to 73 cents after the trucking company said annual earnings will beat the guidance it withdrew before covid-19 clouded up its outlook. The company expects to report earnings before interest, tax, depreciation and amortisation of betwe...

Evolve earnings meet guidance
Staff reporters | Fri, 26 Jun 2020

Evolve Education Group met its full-year earnings guidance and noted a lift in operating earnings in the six months to March 31.The childcare provider reported underlying earnings before interest, tax, depreciation and amortisation of $8.2 million in the March year. That was down...

Mercury trims earnings guidance again
Staff reporters | Fri, 26 Jun 2020

Mercury NZ trimmed its full-year earnings guidance for the third time in four months, citing declining hydro-electric water storage in the North Island.The electricity generator and retailer said it expects full-year earnings of about $480 million before interest, tax, depreciati...

Direct Capital invests in beauty business Caci
Staff reporters | Fri, 26 Jun 2020

Direct Capital has taken a 39 percent stake in Caci for an undisclosed sum. The new shareholder will help the beauty business “drive an ambitious growth strategy for its trusted chain of clinics,” Caci said. Founders David and Jackie Smith own the rest of the recently formed hold...

Wellington Drive to raise up to $5.4m in discounted offer
Staff reporters | Thu, 25 Jun 2020

Wellington Drive Technologies will raise up to $5.4 million in a discounted one-for-three rights issue to give it enough money to weather the covid-19 pandemic. The rights won’t be tradeable, but eligible investors are entitled to find buyers off-market before the offer closes on...

Asalea to close nappy factory; 26 jobs to go
Staff reporters | Thu, 25 Jun 2020

Asaleo Care is giving up on its local baby nappy business and will close its manufacturing facility in Te Rapa, which will see 26 staff lose their jobs. The tissue maker hasn’t been able to generate adequate returns from the New Zealand baby diaper business, despite five years of...

Lala gets behind the wheel at Toyota NZ
Staff reporters | Thu, 25 Jun 2020

Toyota New Zealand’s chief operating officer Neeraj Lala will take over the top job at the country’s biggest car wholesaler next month. Long-serving chief executive Alistair Davis will hand over the reins on July 1, when he retires from day-to-day management after 12 years in cha...

AJ Hackett Bungy gets govt lifeline
Staff reporters | Wed, 24 Jun 2020

Tourism Minister Kelvin Davis has announced a $10.2 million lifeline for AJ Hackett Bungy NZ to keep the tourism venture alive through the covid-19 pandemic. The funding will be split up into a $5.1 million grant in the first year, followed by a $5.1 million loan in the second ye...

Govt to make bigger contribution to ACC non-earners
Staff reporters | Wed, 24 Jun 2020

The government will pay more into Accident Compensation Corp’s non-earners’ account, which covers injury costs for people who don’t earn or pay levies, such as children, students and retirees. Last month’s budget lifted the government’s contribution by $285 million to $1.76 billi...


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