BUSINESS

I think the expectations were low heading into this reporting season," Milford Asset Management portfolio manager Sam Trethewey said. Fletcher Building did note a big pullback in activity during January, and consequently downgraded its earnings outlook.
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2 years ago Read more at RNZ

Four New Zealand businesses have come together to trial using hydrogen in an aviation setting for the first time in Aotearoa. Air New Zealand wants to pioneer the commercial deployment of green hydrogen-powered aircraft in New Zealand. Green hydrogen is starting to be used around the world as a low-emission fuel for buses, trucks, trains, and boats.
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2 years ago Read more at Travel Weekly

NZD/AUD FX rate set for Interim Dividend GENERAL Mon, Mar 04 2024 02:34 pm The foreign exchange rate to be used for Winton’s dividend paid to Australian investors in Australian Dollars has been set at 0.9289. The dividend will be paid on 12 March 2024.
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2 years ago Read more at BusinessDesk

Bruce Hassall has pulled forward his resignation. Fletcher Building has called in high-profile Australian corporate consultants to gauge the mood of its major shareholders. The abrupt resignation of chairman Bruce hassall was welcomed by the letter’s authors.
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2 years ago Read more at New Zealand Herald

The commission consulted the community through its long-term plan. This meant higher costs during peak travel times and lower costs when demand was less to ease congestion. The entire business case was estimated at $2-3 million, though exact costings were not made.
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2 years ago Read more at RNZ

Compass Group UK & Ireland hosted 400 delegates from over 100 global and UK-based companies for a candid discussion about the realities of transitioning to a low-carbon economy. Keynote addresses assessed the domestic and global picture around climate transitioning, including economic opportunities. Climate experts from Green Alliance, Carbon Disclosure Project and Green Michelin Star chef Apricity discussed achieving an economy-wide net zero transition.
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2 years ago Read more at Hospitality & Catering News

Australian Mobile Telecommunications Association (AMTA) asserts Australia's position to be at a precarious juncture due to business adoption of 5G technology. The majority of Australian businesses, about 73%, are still to fully utilise the benefits. This slow adoption by businesses threatens to 'undermine Australia's technology leadership, and the realisation of significant economic gains'
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2 years ago Read more at IT Brief Australia

In the heart of Mumbai, Malad's evolution from serene villages to a bustling business district has brought about significant challenges in traffic management and infrastructure. This rapid development, although a sign of economic growth, has led to severe congestion on the few main roads servicing the area, highlighting a critical need for improved transportation solutions. Residents and Commuters share tales of frustration over the time lost in traffic and the difficulty in accessing basic services.
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2 years ago Read more at BNN Breaking

A series of strategic financial and business maneuvers aimed at bolstering the national economy and reinforcing international trade relationships. Key among these moves are planned tax adjustments, the sale of NatWest shares, and efforts to attract foreign businesses to UK markets. This ambitious plan may pave the way for a 2p cut in national insurance, offering relief to millions amidst economic pressures.
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2 years ago Read more at BNN Breaking

In 2023, the surge in new business applications reached a record high, underscoring the unyielding entrepreneurial spirit despite the daunting challenges faced by small enterprises. This development has not only propelled the demand for more nuanced insurance solutions but has also spotlighted the critical role of surplus lines in bridging coverage gaps. The shift towards surplus lines carriers emerges as a pivotal adaptation, offering an alternative albeit with potentially less robust coverage.
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2 years ago Read more at BNN Breaking