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

 


AWF Group Madison acquisition performing to expectations

AWF Group Madison acquisition performing to expectations


New Zealand’s largest recruitment company AWF Group reports that its recently acquired leading recruitment business Madison Group is making a strong contribution to the overall Group, whilst core AWF brands continue to experience challenges in matching availability of labour with demand.

AWF Group Chief Executive Officer Mike Huddleston said: “In the five months that Madison has been part of the AWF Group, the business has made an excellent contribution and continues to deliver against forecasts made at the time of obtaining shareholder approval for the acquisition. Importantly, by contracting jointly AWF and Madison are continuing to secure valuable new joint business.

However, as signalled in November, the productivity of the core AWF business has continued to fall short of last year’s record performance and will lead to that part of the Group delivering an overall result lower than last year. This will be somewhat offset by the excellent Madison contribution.”

Full year results for AWF Group for the period to 31 March 14 are expected to be announced on 28 May 2014 at which time indications of targets for 2014/15 will be updated.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

The Nation: Call For Cross-Party Auckland Housing Plan

Penny Hulse calls for cross-party accord on Auckland housing because “it’s too important to score political points on”. More>>

ALSO:

Flu Season: Overcoming Vaccination Reluctance

While research shows that 40% of New Zealand businesses offer free or subsidised flu vaccinations to employees this time of year, HR professionals say persuading staff to participate is the biggest challenge. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news