News in Brief
News in Brief
Technology
NZ’s Tourplan inks investment deal with Insight Partners
A leading software solution for tour operators and destination management companies announced a strategic investment from global software investor Insight Partners on Tuesday. The investment will enable Tourplan, founded by Peter Trumic in Christchurch in 1986, to expand its inte...
Property
Argosy signals succession plan
Argosy Property has signalled its management and governance succession plan.The listed property company told the market on Tuesday that directors Chris Gudgeon and Mike Pohio will not stand for re-election at the coming annual general meeting (AGM) in July. The firm also said tha...
Markets
Turbulent market slashes 2 Cheap Cars' profit
New Zealand’s continued economic downturn, a sharp fall in immigration and consequent softer market demand has driven a 47% drop in profit for 2 Cheap Cars.The company reported total revenue of $81.9 million with 7675 cars sold in the year to March 31, down 6% compared to $86.7m...
Public sector
ACC chair resigns ahead of reviews on operations
Accident Compensation Corporation chair Tracy Batten has resigned as ministers look for a turnaround plan to deal with the challenges it faces.ACC Minister Scott Simpson said he had accepted the resignation and thanked Batten for her service since 2019.“ACC as an organisation is...
