NZ extends COVID-19 isolation period, plus more updates

Summary Mercury NZ recently announced changes and additions in its executive structure. While a few roles were added and a few dismissed, there are currently 7 executive roles that will report directly to the CEO. The changes made are said to ...

Contact Energy Limited (NZX:CEN, ASX:CEN) , the 2nd largest energy company in NZ, has been resilient through the coronavirus lockdown. The second half of FY20 has been in line with expectations despite COVID-19 impact, after a challenging first half ...

Wellington-based Ascension Capital Ltd (NZX: ACE) is an investment holding company, which was called TRS Investments earlier. It has been a loss-making company since 2019. Without adequate working capital, the Company has been in a difficult territor...

Summary Barramundi Limited gives better-than-expected results in Q2 ending December 2020. Performance due to sound investment strategies as well as a good team. For the future, BRM to focus on an all-weather portfolio, adding companies it feel...

Summary In Q3FY21, the Company’s jet fuel sales have been severely impacted by the reduction in air travel, with sale volumes down by 65.4% on pcp. Strategic investment in retail stores has resulted in average-per-store revenue to go up a...

Dual-listed Australian Foundation Investment Company Limited (NZX:AFI), which invests in Australian equities, announced its half-yearly results Wednesday. The Company, which invests in a range of sectors, including energy, telecommunications, healt...

The Bankers Investment Trust Plc (NZX:BIT) achieved a positive result for the year ended 31 October 2020. The year 2020 began on a promising note with improved outlook for corporate profits and persistent low-interest rates due to bond purchases by t...

Summary In a significant development, the Company has announced a major restructuring of its functions. BGI also announced the winding up of its finance. It was an ongoing challenge for BGI to raise funds. The Company will look at new options ...

Summary 2020 was a good year for the dairy industry with prices of dairy products going up due to increase in demand from China and Asia. SML updated its guidance downwards but it’s confident of achieving medium to long-term objectives. ...

Summary The first part of 2020 was very disruptive for NTL, but the second half saw operations picking up. The second half saw the restructuring of the Company regarding the composition of the board. The Second-stage review will focus on speci...