Industrial Stocks

Colonial Motor (NZX:CMO) delivers record earnings; lifts dividend payout

  • August 17, 2022 07:56 PM NZST
  • Manika
 Colonial Motor (NZX:CMO) delivers record earnings; lifts dividend payout

CMO’s profit after tax up 19% over pcp This is a new record for the company Pays record dividend of 62 cps, up 7 cps

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Air New Zealand (NZX:AIR) awarded four months of additional cargo flights under IAFC Scheme

Air New Zealand (NZX:AIR) awarded four months of additional cargo flights under IAFC Scheme

Summary Air New Zealand has been awarded four months of additional cargo flights under NZ Government’s IAFC scheme. The IAFC award would support AIR’s international business till the international borders reopen. The IAFC scheme st...

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Air New Zealand Employs former Executive as its new Chief Financial Officer

Air New Zealand Employs former Executive as its new Chief Financial Officer

Summary Air New Zealand hired Richard Thomson as its new CFO. He will begin the new role from early 2021. Since last 3 years, Thomson has been Metlifecare’s CFO, post serving the airline for 13 years taking up various responsibilities. A...

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Air New Zealand Releases 2020 Sustainability Reports Highlighting Challenges and Opportunities

Air New Zealand Releases 2020 Sustainability Reports Highlighting Challenges and Opportunities

Summary Recently, Air New Zealand (NZX:AIR) unveiled 2020 sustainability report, outlining opportunities and challenges ahead. The sustainability report majorly focuses on caring for the community and people, tackling climate change & carbo...

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Air New Zealand Staff fights the outsourcing heat

Air New Zealand Staff fights the outsourcing heat

Summary Air New Zealand has been lowering its employees due to a fall in passenger numbers on international routes amid border restrictions imposed due to COVID-19. Thousands of Air NZ workers have appealed the national carrier's management to ...

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Leading the way for a cleaner future: Tilt Renewable Energy; Stock up more than 35% from March Lows

Leading the way for a cleaner future: Tilt Renewable Energy; Stock up more than 35% from March Lows

The Renewable Energy sector has gained significant momentum and has led to a profound and complex transformation in the energy sector. The different types of renewable energy sources comprise of wind energy, solar energy, hydropower, biomass, biogas,...

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Flight Centre New Zealand to Axe 160 Jobs; Travel Restrictions to be Blamed?

Flight Centre New Zealand to Axe 160 Jobs; Travel Restrictions to be Blamed?

Summary Flight Centre NZ would be slashing 160 jobs and shut down 23 stores, as a consequence of COVID-19 induced travel restrictions. Flight Centre Travel Group reported a statutory loss before tax of A$849 million in FY20 compared to A$343.5 ...

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Zooming Lens Over New Zealand’s Airline Business: Air New Zealand Limited (NZX:AIR)

Zooming Lens Over New Zealand’s Airline Business: Air New Zealand Limited (NZX:AIR)

Summary Air New Zealand manages an international network, offering cargo, as well as passenger services to, from and in New Zealand to ~ 17 million passengers on yearly basis. The Company has been subjected to the unprecedented effect of COVID-...

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A Stock That Has Proved Its Resilience In Tough Times

A Stock That Has Proved Its Resilience In Tough Times

This company is the designer, manufacturer and distributor of polymer products and vacuum systems and it has proven its resilience over the past six months. The company is distinguished for providing engineered and innovative solutions for customers ...

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Air New Zealand share price under watch as it works on capital structure

Air New Zealand share price under watch as it works on capital structure

Air New Zealand Limited (NZX:AIR) is an international network operator based in Auckland that offers passenger and freight services to, from and within NZ. Air New Zealand’s geographic emphasis and competitive edge lies within the Pacific Rim...

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Air New Zealand Top Boss Resigns; Woes Continue for the NZX-listed Airline Major

Air New Zealand Top Boss Resigns; Woes Continue for the NZX-listed Airline Major

Summary It has been a difficult couple of days for Air New Zealand with the news on the resignation of long-serving employee and current Chief Commercial and Customer Officer, Cam Wallace coming just a few days after the FY2020 results, severely...

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