New Zealand finance sector having a mixed bag of economic fluctuations | NZ Market Update

Campbell was one of 163 entries into the Inma awards and was voted as one of six winners in the Advertising category, other winners came from the fields of Audience, Business Intelligence, Content and Product, and Leadership.

An NZME account director for sales has been named one of the International News Media Association's 30 under 30 award winners, recognising rising stars in the global media industry.

Maggie Campbell, who has been working for New Zealand Media and Entertainment for about a year, after 3 years at Mediaworks, was on Friday named among the winners - and the only one to come from New Zealand.

The 26-year-old already holds a senior leadership role at NZME and already has a $5 million deal with supermarket giant Foodstuffs in her portfolio.

TCL Reports Negative Net asset Value of 14.6% in Financial Year 2020

For the year ended 30 June 2020, The City of London Investment Trust Plc reported net asset value total return of -14.6% which was behind the FTSE All-Share Index, that returned a negative 13.0%.

Due to huge uncertainties caused by COVID-19, many companies decided to conserve cash, which resulted in cancellation of dividends. This had a negative impact on the company’s revenue earnings per share, which fell by 20.4% to 15.7 percent.

Refining NZ Provides Operational Update for July/August 2020

The New Zealand Refining Company Limited has provided operational update for July and August 2020.

Refinery to Auckland Pipeline (RAP) throughput was about 62% of pcp, reflecting the continuing impact of international border restrictions on jet demand.

Processing Fee revenue stood at $23.7 million, reflecting Fee Floor payments by customers and GRM for the two months was US$ -4.18 per barrel reflecting low margins and low production

Net debt stood at $249 million at the end of August, indicating five months of cash neutral operations at the Fee Floor.



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