Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Michael Hill appoints Icebreaker chair Rob Fyfe to board

Michael Hill appoints Icebreaker chair Rob Fyfe to board

Jan. 6 (BusinessDesk) - Michael Hill International, the jewellery chain named for its founder, has appointed Icebreaker executive chairman and former Air New Zealand boss Rob Fyfe as a new director.

The appointment takes the retailer’s board to eight directors, of which four, including Fyfe, are independent, the company said in a statement. Fyfe was chief executive of the national carrier between 2005 and 2012, and last year said he was on the hunt for a full-time management position in New Zealand.

In October, Michael Hill said it lifted first-quarter sales 8.7 percent with growth in Australia and Canada after a weak end to the 2013 financial year in what’s been weak retail environment for several years.

The shares were unchanged at $1.39 in trading on Friday, having gained 13 percent in 2013. The stock is rated an average ‘buy’ based on two analyst recommendations compiled by Reuters with a median target price of $1.53.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Rocket Lab: Launch Expected

Rocket Lab has delayed the roll out of the launch vehicle called Electron by one day, due to weather conditions. The planned launch attempt will now take place on Tuesday, May 23, 2017. More>>

ALSO:

Budget: Irrigate (Good Times, Come On!)

Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>

ALSO:

Silver Fern Farms: Proposal To Close Fairton Sheepmeat Plant

Silver Fern Farms has advised its people of the proposal to permanently close the site, and has discussed potential transfer options to its other sites in the region as part of the consultation process...
More>>

ALSO:

MPI: Myrtle Rust Appears In Taranaki

The nursery in Waitara (just north of New Plymouth) reported suspected myrtle rust symptoms on young plants to the Ministry’s 0800 number yesterday (Tuesday). More>>

ALSO: