by Warren Head | Apr 22, 2024 | Latest News
22.4.24 2 Cheap Cars Group CEO, Paul Millward has resigned, with founder and majority shareholder David Sena taking over as CEO from 1 June 2024. At the September 2023 Annual Shareholder Meeting, shareholders voted overwhelmingly in favour of a transaction which saw...
by Warren Head | Apr 22, 2024 | Economy, Latest News
22.4.24 9.39am Energy security remained critical for New Zealand during the energy transition of the country, Genesis Energy chief executive Malcolm Johns said in releasing a market update today on third quarter electricity sales. The Huntly Portfolio demonstrated its...
by Warren Head | Apr 19, 2024 | Companies, Latest News
19.4.24 A fourth quarter leap in subscriptions was the highlight of quarterly and FY24 results posted by ikeGPS this week FY24 Highlights: + Revenue of ~NZ$21.1m (-31% pcp). + Subscription revenue of ~NZ$10.7m (+22% vs pcp). + Transaction revenue of ~NZ$7.3m (-61% vs...
by Warren Head | Apr 18, 2024 | Latest News
18.4.24 The rural sector services group PGG Wrightson has revised its operating EBITDA guidance to be around $43 million (from $50 million) for the June year. PGW chair Garry Moore said conditions have deteriorated because of market conditions that are impacting the...
by Warren Head | Apr 17, 2024 | Companies, Latest News
Tower Limited (NZX/ASX: TWR) has today updated its earnings guidance on underlying net profit after tax (underlying NPAT) for the year ending 30 September 2024. Full year underlying NPAT is expected to be greater than $35m. Previously Tower had advised that it...
by Warren Head | Apr 17, 2024 | Economy, Latest News
Annual CPI inflation has decelerated from 4.7% to 4.0% y/y in the first quarter of 2024 but the decline has its limitations. ANZ Bank economists noted that the mark was in line with ANZ’s forecast, and above the RBNZ’s November MPS forecast of 3.8%. “But the details...
