Latest State Owned Enterprises Headlines

Transpower hikes 1H dividend, warns of regulatory threat

Fri, 27 Feb 2015 10:54:54 +1300 | BusinessDesk

Feb. 27 (BusinessDesk) - Transpower, the state-owned operator of the national electricity grid, hiked its first-half dividend to the government as revenue gained on the completion of its major upgrade, but is warning earnings and future payouts could be hit by ...More >>

Long running Auckland dispute ends in win for workers

Thu, 26 Feb 2015 12:00:23 +1300 | International Transport Workers' Federation

The International Transport Workers’ Federation (ITF) is joining its affiliate the Maritime Union of New Zealand (MUNZ) in celebrating the signing of a new collective agreement for workers at the Ports of Auckland.More >>

Kapiti Line disruption Thursday 26 February

Thu, 26 Feb 2015 09:14:33 +1300 | Metlink

All services on the Kapiti Line will be replaced by bus between Wellington and Porirua until further notice. More >>

UPDATE: Kiwibank cancels cards after 2 ATMs hit by scam

Wed, 25 Feb 2015 14:29:45 +1300 | BusinessDesk

Feb. 25 (BusinessDesk) - Kiwibank, the government owned lender and subsidiary of New Zealand Post, has taken urgent action and frozen some customer accounts after two of its ATMS were fitted with card skimming devices and funds were taken offshore.More >>

NZ Treasury to put more acid on Crown entity boards

Wed, 25 Feb 2015 12:21:46 +1300 | BusinessDesk

Feb. 25 (BusinessDesk) - The New Zealand Treasury has pulled in private sector directors to give it advice on how to put Crown entity boards under more scrutiny so as to avoid another rapid deterioration such as witnessed by coal miner Solid Energy.More >>

Kiwibank cancels eftpos, debit cards in fraud investigation

Tue, 24 Feb 2015 18:19:38 +1300 | BusinessDesk

Feb. 24 (BusinessDesk) - Kiwibank, the government-owned lender and subsidiary of New Zealand Post, has taken urgent action and frozen some customer accounts after detecting card fraud.More >>

Solid Energy’s Chair steps down

Tue, 24 Feb 2015 17:15:05 +1300 | New Zealand Government

State Owned Enterprises Minister Todd McClay has thanked outgoing Solid Energy Chair, Pip Dunphy for her hard work and strong leadership after her decision to stand down from the Board.More >>

Kiwibank six-month financial announcement (Jul-Dec 2014)

Mon, 23 Feb 2015 16:01:59 +1300 | Kiwibank

Kiwibank Banking Group has declared a profit after tax of $71 million for the six months ended 31 December 2014, a 36% increase on the $52 million profit for the same period in 2013. More >>

New coloured Anzac 50c coin available online to the public

Mon, 23 Feb 2015 15:53:09 +1300 | New Zealand Post

23 February, 2015 New coloured Anzac 50c coin available online to the public today New Zealand’s first ever coloured coin, officially launched earlier this month to mark 100 years since the Gallipoli landings, is available to the public for pre-order ...More >>

Kiwibank will start paying dividends to NZ Post this year

Mon, 23 Feb 2015 12:09:05 +1300 | BusinessDesk

Feb. 23 (BusinessDesk) - Kiwibank, the banking unit of state-owned New Zealand Post, expects this year to pay its first annual dividend after 13 years of operation, reflecting its increased size, record profits and its ability to fund its own activities.More >>

Kiwibank performance, one-off sale boosts first half result

Mon, 23 Feb 2015 11:57:28 +1300 | New Zealand Post

New Zealand Post Group today reported net profit after taxation (NPAT) of $100 million for the six months ended 31 December 2014. More >>

NZ Post increased 1H profit 41%, helped by Kiwibank

Mon, 23 Feb 2015 09:46:43 +1300 | BusinessDesk

Feb. 23 (BusinessDesk) - New Zealand Post, the state-owned mail delivery service, increased first-half profit 41 percent after selling its Australian Couriers Please business for A$95 million and as earnings rose at its Kiwibank unit.More >>

Mayor on Ports half-year results

Fri, 20 Feb 2015 12:47:33 +1300 | Office of the Mayor of Auckland

Mayor Len Brown has welcomed the Ports of Auckland half-year results, including the news of an interim dividend of $25.5m to be paid to its holding company, Auckland Council Investments Limited, for the benefit of ratepayers.More >>

Government money grab from changes at New Zealand Post

Fri, 13 Feb 2015 09:31:25 +1300 | Postal Workers Union of Aotearoa

"It's a money grab by the Government as the shareholder of New Zealand Post" says Postal Workers Union advocate Graeme Clarke about the changes announced by NZ Post today.More >>

NZ Post to extend trial of mobility scooters to cut costs

Thu, 12 Feb 2015 15:52:51 +1300 | BusinessDesk

NZ Post to extend trial of mobility scooters to cut costs of mail, freight deliveries More >>

Landcorp Farming 2014/15 half year financial results

Fri, 6 Feb 2015 11:57:34 +1300 | Landcorp

Landcorp Farming has recorded operating revenue of $109.8 million for the six months to 31 December 2014 and a net operating profit of $1 million. More >>

Public engagement on social housing

Thu, 5 Feb 2015 16:49:12 +1300 | New Zealand Treasury

The Government has provided more details of its plans for public engagement on its social housing reforms. More >>

New stamp for 175th anniversary of the Treaty of Waitangi

Wed, 4 Feb 2015 14:04:20 +1300 | New Zealand Post

A special New Zealand Post stamp to mark the 175th anniversary of the Treaty of Waitangi goes on sale today. More >>

Radio NZ Bring Back Parliamentary Programmes

Wed, 4 Feb 2015 13:49:16 +1300 | Coalition for Better Broadcasting

The Coalition for Better Broadcasting (CBB) welcomes the return to Radio NZ of programmes focussing on parliament, but questions how Radio NZ can afford to improve and increase services without additional funding. More >>

Parliament Returns to Radio New Zealand National

Wed, 4 Feb 2015 13:28:31 +1300 | Radio New Zealand Limited

Three long running radio programmes dissecting the day to day processes and activities of Parliament are returning to Radio New Zealand National after a break of several years.More >>


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