Tag: Company Results

Survey finds 40% of New Zealand CEOs very confident

Press Release – PwC Survey finds 40% of New Zealand CEOs very confident about revenue growth, despite an expected challenging global economy this yearSurvey finds 40% of New Zealand CEOs very confident about revenue growth, despite an expected challenging global economy this year Findings from PwC’s New Zealand CEO Survey, released today, show New Zealand CEOs are less positive about the outlook for the global economy than they were last year, but remain optimistic about their own business growth. The report shows only 23 per cent believe the global economy will improve this year which compares to last year’s more confident 47 per cent. More than half of New Zealand CEOs believe the global economy will stay about the same this year. Despite the more challenging outlook for the global economy, 40 per cent of New Zealand respondents are very confident about their company’s growth prospects in the coming year and an additional 51 per cent are somewhat confident. PwC New Zealand Chief Executive Officer Bruce Hassall says that the outlook for New Zealand may prove to be more resilient than many currently believe. “Given the wide-ranging uncertainties CEOs are facing – cyber security, over-regulation, geopolitical stability – it’s easy to see why they’re divided about whether there are more threats or opportunities today. But it’s not all doom and gloom. Kiwi organisations are remaining optimistic about their own...

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Focus on opportunities for Māori industry

Press Release – Te Putea Whakatupu Trust Global indigenous trade partnerships, transformational fisheries models and how the Trans-Pacific Partnership Agreement will affect Mori are among subjects being put before Mori business and industry leaders next week.Focus on opportunities for Māori industry, business and economy Global indigenous trade partnerships, transformational fisheries models and how the Trans-Pacific Partnership Agreement will affect Māori are among subjects being put before Māori business and industry leaders next week. Seven international speakers are being brought to Te Pūtea Whakatupu Trust’s annual national conference for Māori business and industry, including keynote speaker Dr Ernesto Sirolli, a consultant on international economic development and founder of the Sirolli Institute in the United States, a social enterprise that works with civic leaders and communities. Five speakers from Canada and one from Iceland will present fresh ideas and international perspectives on co-operation in trade and business among indigenous peoples, indigenous economic development and knowledge-based fishing models. Twenty-six New Zealand-based presenters will also explore business and industry opportunities for Māori. The two-day programme for Ngā Whetū Hei Whai – Charting Pathways for Māori Industry Futures includes a series of industry panel discussions and workshops. Trust chair Richard Jefferies said the fifth annual conference was an opportunity for Māori business and industry leaders to chart the exciting journey ahead for Māori economic development and the leadership of tomorrow. It would build on...

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New Zealand Kiwifruit Growers Incorporated AGM

Press Release – New Zealand Kiwifruit Growers New Zealand Kiwifruit Growers Incorporated (NZKGI) held its Annual General Meeting today, Wednesday 22 July 2015, updating growers on its key projects and reflected on a successful year. New Zealand Kiwifruit Growers Incorporated Annual General Meeting 22 July 2015 New Zealand Kiwifruit Growers Incorporated (NZKGI) held its Annual General Meeting today, Wednesday 22 July 2015, updating growers on its key projects and reflected on a successful year. NZKGI President, Neil Trebilco, says grower confidence and orchard values have continued to increase over the last twelve months. “The main factors in this increasing optimism are the reduced effects of Psa and increasing OGRs per tray, particularly for Green. “The increase in Green per tray returns this last year has been driven by a combination of a substantial reduction in Hayward Green production in Chile, strong in-market pricing plus low fruit loss on and off shore. Counterbalancing this however, is the strong NZ dollar compared to the Yen and Euro – this will likely impact returns in coming years. Heightened activity in kiwifruit orchard sales has continued and per hectare prices are continuing to substantially increase.” NZKGI’s key projects for the reporting period are summarised below. Safeguarding the Single Point of Entry The kiwifruit industry’s Single Point of Entry (SPE) structure is key to its continued success and is a major focus for NZKGI....

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New Zealand Weekly Economic & Political Update

Press Release – iPredict The Official Cash Rate will be cut on 11 June and again by 10 December , according to the combined wisdom of the 8000+ registered traders on New Zealands predictions market, iPredict. Despite this, annual inflation is not expected to reach 2% until …New Zealand Weekly Economic & Political Update www.ipredict.co.nz TWO INTEREST RATE CUTS EXPECTED THIS YEAR The Official Cash Rate will be cut on 11 June and again by 10 December, according to the combined wisdom of the 8000+ registered traders on New Zealand’s predictions market, iPredict. Despite this, annual inflation is not expected to reach 2% until the September 2016 quarter at the earliest. The government’s new tax on capital gains appears to have reduced forecast house price inflation somewhat, but the average Auckland house price is still expected to increase from $809,200 in April to $814,337 in May, $818,475 in June and $829,560 in July. Kevin Hague is expected to be the next male co-leader of the Greens and National is expected to lead the next government with the support of NZ First, although there is now only an 11% probability John Key will still be prime minister by the end of 2017, with Paula Bennett favoured to replace him as National Party leader. New Zealand Politics: • John Key is expected to remain National leader until the end of 2016...

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ANZ Wins 2014 Roger Award

Press Release – CAFCA The full 2014 Roger Award Judges Report is online at http://canterbury.cyberplace.co.nz/community/CAFCA/pdf/roger-award-2014.pdfANZ Wins 2014 Roger Award IAG Second; Food & Grocery Council Wins Accomplice Award The full 2014 Roger Award Judges’ Report is online at http://canterbury.cyberplace.co.nz/community/CAFCA/pdf/roger-award-2014.pdf The six finalists for the 2014 Roger Award for the Worst Transnational Corporation Operating in Aotearoa/New Zealand were, in alphabetical order: ANZ, British American Tobacco NZ, Coca Cola Amatil, IAG/State Insurance, PGG Wrightson, and Rio Tinto. The criteria for judging are by assessing the transnational (a corporation with 25% or more foreign ownership) that has the most negative impact in each or all of the following categories: economic dominance – monopoly, profiteering, tax dodging, cultural imperialism; people – unemployment, impact on tangata whenua, impact on women, impact on children, abuse of workers/conditions, health and safety of workers and the public; environment – environmental damage, abuse of animals; and political interference – interference in democratic processes, running an ideological crusade. Winner ANZ, which also won in 2009, has been a regular finalist, most recently in 2013. In 2014 it was selected as a finalist for two major reasons: exploitation of workers, and profiteering. The nominator said: “I take particular exception to this statement by ANZ Chief Executive Officer (CEO) David Hisco: ‘I don’t think employees should see the business they work in as a partnership where profits are shared. Banks don’t...

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